Category Archives: Mike Is talking Again!

The Real Estate Ripple Effect…

The national remodeling market is experiencing what some are calling a “full recovery”. The driving factor? Real Estate sales.

The Real Estate market has an approximate $60,000 direct and indirect ripple effect per home purchase… and there’s more.  Tune in to The Real Estate Hour Sunday 7/31/2016 9-10AM PST 1350AM103.5FM and streaming LIVE at www.KSRO.com

RippleEffect

 

 

BREXIT–Brittian votes to leave the EU–Flight to Bonds–Interest rates go LOWER!!

So when the world economy shudders and lurches on the news of  “the un-thinkable” –Brittian leaving the EU– the smart money runs for the relative safety of “bonds”. Bad news=great interest rates! This is getting seriously low.  Look at these absolutely delicious rates!

Mortgage Rates for June 24, 2016

FIXED AND ARM CONVENTIONAL PROGRAMS RATE         APR
30 Year Fixed Conventional 3.500%      3.665%
15 Year Fixed Conventional 2.875%      3.015%
5/1 LIBOR ARM Conventional 3.000%      3.088%
7/1 LIBOR ARM Conventional 3.125%      3.178%
JUMBO PROGRAMS ($554k +) RATE          APR
30 Year Fixed 3.375%       3.592%
15 Year Fixed 3.250%       3.009%
5/1 LIBOR ARM 2.750%       2.847%
7/1 LIBOR ARM 2.750%      2.911%
FHA/VA FIXED PROGRAMS RATE          APR
30 Year FHA/VA 3.250%      4.397%
15 Year FHA/VA 3.250%      4.660%

 

Are you a Real Estate investor thinking of a 1031 Exchange? Or, a homeowner looking to avoid a huge capital gains tax? Tune in to find out how…

Exchange Expert Toni Esposti.
1031 Exchange Expert Toni Esposti.

Toni Espositi of Old Republic Exchange Company (OREXCO) joins us on the Real Estate Hour Sunday June 5th 9-10AM pst., 1350AM, 103.5FM, and streaming live with Podcast immediately following the show at KSRO.com.

Regional Sales Office – California ‒ Northern
& Pacific Northwest – Ms. Toni Esposti, CES®

Vice President & Regional Sales ExecutiveToll Free: 888-677-1031
E-mail: tesposti@orexco1031.com

—————————————————–

There’s a very informative brochure on the OREXCO website at: https://orexco1031.com/Downloads/OREXCO_brochure_English.pdf

Here are some answers to common questions from the Orexco website FAQs . For one on one, specific answers to all your 1031 questions, call in during the show 707-636-1350 or contact Toni Esposti directly: Continue reading Are you a Real Estate investor thinking of a 1031 Exchange? Or, a homeowner looking to avoid a huge capital gains tax? Tune in to find out how…

Interest Rate Update–friend of the show Otto Kobler with latest rates.

Allison and I always state the first step for a prospective home owner is to get qualified for a loan! We recommend many great lenders on our weekly radio talk show. Here are rates from friend Otto Kobler of Summit Funding. Up just a tick. But spectacular nevertheless!

Mortgage Rates for May 27, 2016

FIXED AND ARM CONVENTIONAL PROGRAMS RATE         APR
30 Year Fixed Conventional 4.000%      4.165%
15 Year Fixed Conventional 3.125%      3.265%
5/1 LIBOR ARM Conventional 3.125%      3.213%
7/1 LIBOR ARM Conventional 3.250%      3.303%
JUMBO PROGRAMS ($417k +) RATE          APR
30 Year Fixed 3.750%       3.967%
15 Year Fixed 3.375%       3.134%
5/1 LIBOR ARM 2.750%       2.847%
7/1 LIBOR ARM 3.000%      3.161%
 
FHA/VA FIXED PROGRAMS RATE          APR
30 Year FHA/VA 3.500%      4.647%
15 Year FHA/VA 3.250%      4.660%

Assumptions include: 1% origination point and 0% discount fee, 20% down payment (Conforming), 25% down payment (Jumbo), Escrows required (if not escrows, higher fees may apply), purchase transactions on primary residence, 30 day closing, debt to income ratio <=40%, full documentation of income/assets.  Conforming rates based on loan amounts greater than $200,000.  Minimum Fico 740 Conventional – 640 FHA/VA. Other Programs, Loan Amounts, Credit Score and Down Payments are available. Call for details!

Note the rates ticked UP by 1/10th of a percent! Ooops! There goes the market!
Note the rates ticked UP by 1/10th of a percent! Ooops! There goes the market!

The Probate Process, New Deed for Transfer Upon Death, and more…Attorney Roy Johnston Joining Allison on the Show Sunday May 15

Roy joined us and discussed trusts, wills and probate. Interesting and timely show.
Roy will join us and discuss the new Revocable Transfer on Death Deed, trusts, wills and the probate sale process. Interesting and timely show.                                                                     .

Attorney Roy Johnston joins Allison again to discuss an interesting, and slightly frightening (because it’s way too easy) way to take title to a property in California; The Revocable Transfer on Death Deed. Roy will explain the good and the bad.

Additional topics to include, the Probate process for the sale of real estate, and how to avoid probate all together. There are several different types of probate sales; Those with no court confirmation required, and those with court confirmation, and then there’s the somewhat confusing over bid process.

 

Johnston | Thomas Attorneys at Law
1400 N. Dutton Avenue, Suite 21
Santa Rosa, CA 95401                                                                                               Phone: 707.545. 6542
info@johnstonthomas.com

Real Estate Show….05/15/16—Guest Ron Johnstone

Homes Available by Price Bracket-National vs. Sonoma County.

Here in the “Wine Country” of Sonoma County, California–home availability is very tight and our price brackets for homes do NOT reflect very well for affordability when compared to the overall nation. See the graph below.

SalesPricePointDifferenceFeboverFeb2016

Yes, there are places in the nation where homes/condos are readily available for UNDER $100,000. And you’d be very surprised how much home you can get up to $250,000. In Sonoma County it is slim to none and slim just left town. Our big price point is $500,000 to $750,000 followed by the next highest price bracket. The age old question of affordability–where do all the service folks, teachers, police officers, fireman, find a home without breaking the monthly budget? Tis the question!

The Real Estate Hour, Sundays 9 to 10am pst, NOW broadcasting on Periscope!

Our Sunday, 9 to 10am pst, Real Estate Talk Show is her on “terrestrial” radio 1350AM KSRO and 103.5, also streaming live at www.KSRO.com and NOW broadcasting live Video via “Periscope” which is a mobile app for your Iphone, Ipad or Droid ONLY. So you can listen and now SEE us do the show. Kinda fun! Always great information on the latest and the greatest in the Bay Area Real Estate Market.

Questions on Senior Care? Are you taking care of a loved one with Dementia? Marilyn Barnes of Senior Helpers is this weeks featured Guest!

We are delighted to have back on our show , Marilyn Barnes of Senior Helpers. This Sunday, February 21st.

About Marilyn Barnes / Senior Helpers North Bay: Non medical in home care. Providing full service with flexible hours to give our clients and families peace of mind. We specialize in Dementia care. We do specialized companions for weddings, graduations & travel.
Marilyn Barnes of Senior Helpers
 You can contact Marilyn when You need a trusted referral Need an introduction for a good service provider? Ask Marilyn! She has  collected a network of business providers that she knows and can confidently recommend and introduce.  For referrals Marilyn uses The Sonoma County Executive Association as should you!  Do you know someone that might need her services? Referrals and introductions to new customers are the cornerstone of her business. Contact Marilyn when you need a quality referral or introduction, or when you know someone that might need or benefit from her services. Here is her contact information.
mbarnes@seniorhelpers.com 
Marilyn Barnes
525-1540

Open House THIS Sunday, February 21st 1 to 4pm ! 1200 Halyard Drive, Santa Rosa,Ca 95401 Traditional Beauty.

VWN_3885-f VWN_3914-f VWN_3964-f VWN_3929-f VWN_3899-f VWN_3896-f  This stunning traditional home is back on the market and OPEN this Sunday–All reports NOW on file! 4 bedrooms and 3 FULL baths the home has 3 bedrooms upstairs and one bedroom down wit adjacent full bath and exterior door–perfect “Multi-generational” living or for guests who savor their privacy. Kitchen new flooring in a rich brown with matching entry statement. Home is over 2100 sqft and has enormous living room with adjoining Dining area big enough for your Grandma’s sideboard, hutch and dining table and chairs. A big sectional would be swallowed up in the living room. Kitchen has newer appliances, flooring and is adjoins the family room with fireplace. Breakfast bar serves your hurried mornings or quick lunches. Yard has gate for ez acess  and patio for al fresco dining. Priced to sell at: $560,000. Join Allison THIS Sunday, February 21st from 1 to 4pm.