Shark Alert!! This Sunday–Don’t wire your house downpayment to a crook!

Mark Bisordi, Gen Manager North Coast Title Co.Join us this  Sunday, July 16th as Mark Bisordi, General Manager for North Coast Title Company, talks to us about the scammers out there who intercept or have you falsely wire your down payment NOT to the title company and your escrow account but to a crooks account. One couple in Tahoe recently sent $1.5 million to a scammer and lost the entire amount! NO INSURANCE for this folks! What are the steps to protect yourself? Here are some quick tips!

Don't wire your down payment to a fraudster!
Don’t wire your down payment to a fraudster!
  • Call, don’t email! Confirm all wiring instructions by phone before transferring funds. Us the phone number from the title company’s website or a business card. You also have an “opening order” statement. This tell you your escrow number, escrow officer and her/his number
  • Be Suspicious! It’s NOT common for title companies to change wiring instructions and payment info–be aware and confirm!
  • Confirm it all: Ask your bank to confirm not just the account number but also the name on the account before sending a wire.
  • Verify immediately- You should call the title company or real estate agent to validate that the funds were received. Detecting that you send the money to the wrong account within 24 hours gives you the best chance of recovering your money.
  • Forward, don’t reply–When responding to an email, hit the forward instead of reply and then starting typing in the person’s email address. Criminals use email address that are VERY similar to the real one fora company. By typing in email addresses you will make it easier to discover if a fraudster is after you!

Open House today–Heart of Bennett Valley! 4335 LaGranda $829,900

Open House today! Sunday, July 9th –1 to 4pm. $829,900. EZ directions–Bennett Valley rd to Sonoma Mountain and down about a mile on the left hand side.  Allison and I are pleased with this terrific new offering in the heart of Bennett Valley. Home is just around 1600 sqft with 3 spacious bedrooms and 2 full bathrooms. New carpeting in living room area, interior paint, new gorgeous redwood deck with easterly views for morning coffee. All on 1.50+ acres and single level living. Bring your animals, critters, shop dreams, chickens, 4-H projects, whatever! Open today 1 to 4pm.

Heart of Bennett Valley!
Heart of Bennett Valley!
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Revising initial Real Estate Sales for June-BIG month! +8% and almost 500 sales

Revised June Sales 499

We had a lot of “late” reporting of sales for July. I should have anticipated this due to the 4th of July 4 day holiday. It’s all GOOD though. We almost hit 500 sales falling JUST one short! Sales are up 8% over last year and total sales of SFD (single family dwellings–houses) was 499. This is good as all of last year we NEVER hit this vaunted mark. Under Contracts seem to be same as last month so perhaps we’ll break through the 500 barrier next month.

Below are the UC or Under Control houses, those now in escrow. Note the steep increase beginning back in January. We’ve flattened a tad over the last 2 months but could see increased sales on the horizon. All good!

Houses now in escrow. Portend of things to come?
Houses now in escrow. Portend of things to come?

Looking at JUNE Real Estate Sales in Sonoma County Sunday, July 2nd.

Distressed MarketThe non-existent “Distressed Market” can not be used as a future prediction of a market “crash”.  The last time default rates had soared (watch “The Big Short” for a further description of this!). So scratch that off the list.

Below, many of you think you have LESS equity than you really do. 10 years later from the big crash you most likely are sitting on more equity than you think. If you are still wondering what your home is worth just give us a call. Mike can be reached at: 707-322-8503.

Think you have no money for home refinance or selling and moving on up? We can help! 322-8503
Think you have no money for home refinance or selling and moving on up? We can help! 322-8503