Tag Archives: buying a home in Sonoma County

All about Septic on this week’s show with Mike Treinen!

We’re talking Septic Systems on this week’s show. Mike Treinen, Septic Inspector/Consultant and former Sonoma County Sanitarian joins me on today’s Real Estate Hour and we have a lot to talk about.  

  • New Sonoma County Regulations in the works; and what to expect!
  • What is a septic system
  • Types of Septic Systems
  • Expansion, Maintenance, Pumping, etc.
  • Why you should always get a septic inspection when buying a home with a septic system.
  • Update on Fire lots with Septic.

… and your questions;  Mike Kelly’s Real Estate Hour with Allison Norman on KSRO 9-10am Sunday’s 1350am, 103.5/94.5fm and streaming live on KSRO.com

Latest Interest Rate update: Fed Hiking? No? Yes?

Still looking good! All that “Fed” talk can’t change these great rates.

Otto Kobler,Branch Manager

NMLS ID# 225957 CA BRE ID# 00981742

p: 707-522-6300

e: okobler@summitfunding.net

w: http://www.summitfunding.net/okobler

3550 Round Barn Blvd., Suite 310 Santa Rosa, CA 95403

Branch NMLS ID# 379493

Rates on the move up? Track the 10 year treasury bill as it climbs higher and higher.

I’ve been licensed and a Realtor since 1978. Look at the chart below and you’ll see I spent 12 years wandering the desert of double digit interest rates. Also note that my first year was my last year of single digit interest rates for some time. How did I do? I was a top producer in my office all through the double digit storm. When we dropped under 10% it was cause for mass celebration in the Realtor ranks! I remember my fellow agents stating, “Man if we could get single digit interest rates we’ll tear this market wide open!” And we did.
Then notice it took almost 20 years to get down to the 4% range. If you’ve been in the business 5,10, 15, years you’ve KNOWN no other rates and experienced a historic low. Well, guess what boys and girls, rates DO go up, markets WILL go down, and recessions will come and go. Enjoy this while you can but remember to stack some cash aside, buy some investment properties with your big commissions today and prepare for the inevitable. I remember some of the infamous phrases used before the BIG BANG of 2007, “We’ll always have appreciation”, “We’ll refinance you out of this loan next year and pull cash out.” We all need to guard against, “Irrational Exuberance”. (thanks to Erik Oquist of Wells Fargo Home Mortgage for the graphics!)

You really didn’t think rates would stay down here forever-did you?

Will MORE Real Estate Inventory equate to MORE Sales? History does not lie!

We seem to be suffering under the MORE INVENTORY WILL EQUAL MORE SALES notion. Granted, more inventory would allow more choice, lower our appreciation rate as we’d have more to choose from with fewer overbidding, but note the sales are NOT that dramatically different when there is more inventory. Looking back 10 years you can see in the light green the huge amount of inventory vs. today’s anemic numbers. However, the sales do not look all that much different.

 

Looking back 10 years inventory and sales-They don't go hand in hand!
Inventory VS Sales–More Inventory = More Sales? Note the amount of Sales do not increase dramatically with MORE inventory.

We’re talking “Crowdfunding” for a home’s down-payment today!

We’ve discussed “Crowdfunding” previously for raising money for home improvement, down-payment for a loan but the funds all needed to be “seasoned” and would have to be usually 6 months old before being counted as legitimate funds by the big government lenders–Fannie Mae and Freddie Mac. Now CMG has partnered with the two big GSE’s in making the crowdfunding money available immediately for a down-payment.  We’ll discuss what changed and how you can use this way to raise money to buy a house.

Why go on a “destination” wedding which may cost $50,000 when you REALLY want to buy a home?!

 

Interest rates this week still Spectacular! 7/1 Arm 3.25%, Jumbo Money3.875%

Here in the lovely “Wine Country” housing market you can’t be complaining about the interest rates! If you are retiring in 7 years and perhaps moving to another area then hook onto a refinance as your rate would be 3.125% Wow! Or opt for a 15 year loan and enjoy super low rates and rapid equity build up.

Otto Kobler loan representative.
Otto Kobler loan representative.

Santa Rosa is Lucky #13 of the top 20 Markets in the Country!

Realtor.com came out with their 20 Hottest real estate markets in the nation. 11 of these are in California and we’ve added two NEW spots–Eureka and Fresno. Eureka is way up north on the coast of California. Isolated, older fishing community but it is very affordable as is Fresno which is in the “Valley”.  “Valley” properties in the greatest state of California are fairly depressed and still have higher percentages of distressed homes. They have yet to get even close to their pre-bust highs. If you look at the top lists you’ll see 4 of these hottest market are in the California interior valleys—Sacramento, Stockton (at one time ground zero for the distressed market in California), Modesto and Fresno. What they all have in common is affordability. Median priced homes in these areas range from $270,000 to $317,000. Compare these prices with Santa Rosa (#13 on the list with a median price of $597,500).

Top "Hottest" real estate markets in the nature--Santa Rosa is lucky 13!
Top “Hottest” real estate markets in the nature–Santa Rosa is lucky 13!

  Continue reading Santa Rosa is Lucky #13 of the top 20 Markets in the Country!

Bubble? Not with this lack of inventory–but affordability woes persist.

Here in Sonoma County, California, “The Wine Country”, we are seeing persistent scarce homes to sell and lack of affordable homes is raising its ugly little head. The only category where sales are out-performing last year is in two price categories: $500 to $750K and $750 to $1,000,000K. These are for detached single family houses.

SalesPricePointDifferenceFeboverFeb2016

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.

New Listing in NW Santa Rosa–Stately home seeking lovers of space!

VWN_3879-f1200 Halyard Drive, Santa Rosa: $560,000–Traditional home beckoning to new owners seeking 4 bedrooms and 3 full baths in a quiet NorthWest Santa Rosa neighborhood. Oversize lot with big side yard. Inside, new flooring in Entry Way and Kitchen. Living room will swallow up your big sectional and adjoining “formal” dining area will take a big dining room table, hutch and sideboard. See the virutal tour by clicking RIGHT HERE!

VWN_3885-f VWN_3896-f VWN_3899-f VWN_3914-f VWN_3907-f VWN_3929-f VWN_3938-f VWN_3943-f VWN_3964-f VWN_3969-f VWN_3973-f VWN_3978-f VWN_3957-f