Tag Archives: Investors

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!

Rent Control and “Just Cause” evictions–Points to Consider–this Sunday’s Topic

For or Against Rent Control? Here are some points to consider and express to the City of Santa Rosa Council meeting May 3rd—Public Meeting at City Hall.
We are please to have Daniel Sanchez, Government Affairs Director, of the NorthBay Association of Realtors to talk about these timely issues before the City of Santa Rosa takes action on May 3rd at the Council Meeting. 
Just Cause:—What is it?  Under just cause eviction, a tenant can only be evicted if the landlord can prove that the tenant is violating the lease, breaking the law or if the landlord must move themselves or a family member into the unit.
  • Any type of rental can be eligible for just cause, including single family homes.
  • Just cause eviction ordinances would require rental owners to prove “cause” in court, or in some cases before a political body, every time they need to remove a problem resident, such as a drug dealer, or violent criminal.
  • Proving cause in court or by going before a board or commission is hard to do and unfair. The legal process is costly and time consuming. Rental property owners would have to depose and subpoena other residents to testify.
  • Because removing a problem tenant requires going to court, these ordinances tend to clog the court system.
  • Santa Rosa should focus on educating renters on their protections under state law, instructing owners on their obligations, and enforcing the laws we have.
  • Santa Rosa should provide a forum for owners and residents to resolve disputes in a neutral setting — not in a court, not in the political setting of an eviction board, and certainly not with a host of new laws and regulations.

Continue reading Rent Control and “Just Cause” evictions–Points to Consider–this Sunday’s Topic

“Where’s the Beef?” Sales are flat, Inventory Short.

“Where’s the Beef?” Sales are flat, Inventory Short.

By

  Sonoma County selling and buying season here in the lovely “Wine Country” just an hour north of the “Gate” is flat with sales down 2% over last year but the bigger issue–Inventory! Usually March will signal the beginning of the “Selling” season by more homes coming onto the marketplace. March was a GOOD month but instead of being the beginning of an inventory surge–it was the end. March was our best month and inventory has been declining since. WHAT are the reasons? Below is a slide from the California Association of Realtors. I’ve added on the last three.

Reasons for LACK of Home Inventory  I think the “Off Market” or “pocket listings” is an issue but I’ve NOT seen any hard numbers on it. I’m waiting for CAR or perhaps Core-Logic, to come out with a study showing MLS sales vs. recorded sales. I know in our super tight inventory market, Realtors/Agents are always asking to see new listings not yet on the market. We hear of sales being made off MLS all the time. I keep waiting for the law suit which will define this isssue to apppear. Sellers and their Realtor/Agents who state, “They got their price.” really have no idea at how much that “price” could have been! The current disclosures by CAR, reflect this very issue which came out of the ’89 market scarcity.

Continue reading “Where’s the Beef?” Sales are flat, Inventory Short.

The latest in Lending for Sonoma County and beyond! Sunday on the Real Estate Hour

Our "Loan Guy" Pete Phillippe
Our “Loan Guy” Pete Phillippe

We are pleased to have show favorite, “That Lender Guy”,  Peter Phillippe of Princeton Capital. Pete will be discussing the latest and BEST Interest rates, VA/FHA, lending requirements plus YOUR CALLS! Join us for what will surely be a “don’t miss” hour. Pete can be reached at: 707-481-2737 Cell  1-888-305-2473 eFax or peterphillippe@princetoncap.com

Sonoma County Home Affordability….How Much Home Can You Afford…now, versus 2006

June 2 , 2013; Santa Rosa, Ca.

The change in the Sonoma County Real Estate Market was upwards of 60% in some areas of the county, from the height of the market in 2006, to the bottom in 2009.  But, in some Sonoma County cities homes have managed to hold their value amazingly well.  On today’s show we’ll tell you which areas, and why…..

And, We’ll talk about how much home you can afford now…

Tune in to The Real Estate Hour for this, and more local real estate news, every Sunday morning from 9-10am on 1350AM KSRO or streaming live at www.KSRO.com

 

 

 

 

Tale of two Price Points–Lack of Homes for Sale? Depends WHAT you’re SPENDING here in Sonoma County,Ca

Here in Sonoma County, California–Many Realtors are lamenting the LACK of inventory or homes for sale. I submit that it all depends on how MUCH money you wish to spend.  One of the most IN DEMAND price points is the 0- $250,000 price point. This has been the land of the REO (real estate owned) or bank foreclosed home. I fear this price point has “left the station” or is quickly disappearing. This price point is a natural for bank foreclosed homes AND Short-Sales. However, we only have 60 “Active” Short-Sales currently on the market. Take a look at the slide below and note we are DOWN -47% over last year at this time.  The question–is THIS the new reality of a surging market? We leave the lower price behind? Or is the market for this price point just stripping the shelves of all homes?  What’s going to happen to make this a stronger price point? MORE Short-Sales and REO’s. I can’t see a big wave of REO’s coming but Short-Sales can fill the need. We shall see if the consumer REALIZES they can SELL their homes short and get out from under a tough financial mess.

Now look at the NEXT slide–What a difference huh? Almost a 180 swing. The $1,000,000 price point is flush with listings having 40% MORE listings over last year at this time.  In between these two extremes we find a market still “starved” for inventory. The  next “range” of $250-$500,000 is down about -5% over last year but the next price point or the “mid-range” ($500-$750,000) which is gaining momentum is down about 21%.  The $750K to 1 Mil is +5%.  Knowing HOW the market inventory is before making an offer can determine WHAT you’ll offer and HOW you present your terms to the seller. KNOW your NUMBERS.   Feel free to call myself or Allison to give you analysis of YOUR price point.  707-799-3617.

At the end of it’s first year, the Sonoma County Vacation Rental Ordinance has us wondering “what’s this ordinance REALLY all about?”

Russian River Area Realtor and Vacation Rental Ordinance expert, Kyla Brook — and long time Sonoma County Permit Consultant extraordinaire, Tom Havstad return, Sunday 2/12/2012, to fill us in on some strange goings on at the Permit Resources Management Department (PRMD)….hmmm, imagine that.

Do you own a vacation rental in Sonoma County? Have you complied with the Vacation Rental Ordinance…are you paying your TOT(transient occupancy tax)? …if so, did you also apply for a zoning permit? No? Tune in..this show is for you.

Thinking about buying a vacation rental in Sonoma County? Despite the economy, Sonoma County remains a “destination”, bringing visitors from all over the world….which is a great boon for the local economy. In the Russian River area, vacation rentals flourish…and play a vital role in the city’s economy. Kyla Brook, who has been following, and filling us in, on the Vacation Rental Ordinance from its very inception, has some great insight to offer us…and a helpful list of items the vacation rental buyer should be aware of, and should be sure to investigate as part of their due diligence.

And of course, if it has anything to do with Sonoma County permits, zoning, and/or code violation, we haven’t found anyone more knowledgeable than Tom Havstad. Tom knows the ins and outs of the PRMD, the Sonoma County Planning Department, code enforcement, tax assessor, building department…state and county codes, laws and ordinances. He’ll walk us through the requirements of the Vacation Rental ordinance, what to do and what NOT to do, and he’ll bring to light a rather disturbing possible consequence of the ordinance, leaving us to wonder ” What is this ordinance REALLY all about? “

To reach our guests;

Kyla Brooke, MS, CDPE,  Herth Real Estate
707-481-0098 cell, 707-222-6006 office, www.myhousematters.biz

————And———————-

Tom Havstad, Permit Consulting Services

phone/fax:   707-874-2078, cell:  707-695-0857

website: www.permit-help.com, email: havstad@sonic.net

————————————–

Here are some helpful links from the PRMD and the Sonoma County Tax assessor.

http://www.sonoma-county.org/prmd/docs/vacrent/vacation_rental_faq.htm

http://www.sonoma-county.org/tax/tot/faq.htm

http://www.sonoma-county.org/prmd/docs/vacrent/final_ord.pdf

http://www.sonoma-county.org/tax/tot/pdf/transient_occupancy_tax_booklet.pdf

http://www.sonoma-county.org/prmd/docs/vacrent/vac_rental_handout.pdf

http://www.sonoma-county.org/tax/tot/packet.htm

 

 

This week’s show; Attorney Daniela M Pavone on Land Use, Landlord/Tenant, Environmental and Contract Law, Sunday 11/20 1350AM KSRO 9-10AM

  • You’re a landlord with tenant issues…. a tenant in a home facing foreclosure, wondering what your rights are?
  • You have a real estate contract you just don’t understand… Private loan….TIC (tenant in common) terms to be drafted
  • You’re a property owner with a lot line dispute, a neighbor’s tree hanging precariously over your yard…a noisy dog…environmental issues..

Tune in to The Real Estate Hour on Sunday November 20, 2011 / 1350AM KSRO, Streaming live at www.KSRO.com. Call in number is 707-636-1350

The Law Office of Daniela M. Pavone is dedicated to providing personal and effective legal counseling to help individual and corporate clients throughout Sonoma, Mendocino, Lake and Marin Counties tackle their contract, land use, and environmental issues.

Daniela M. Pavone

642 5th Street
Santa Rosa, California 95404
Telephone: (707) 703-4338
Facsimile: (707) 735-5000
DPavone@PavoneLawOffice.com

Landlord/Tenant

I have represented both landlords and tenants in all stages of the landlord/tenant relationship.  I have extensive experience helping landlords to follow the strict eviction procedures to ensure that, should a tenant need to be evicted, it can be accomplished efficiently and legally.  I also have the necessary experience to protect a tenant whose landlord has attempted to initiate an eviction proceeding improperly. I know both sides well, so if your tenant has threatened his or her neighbors with violence or your landlord has cut off your utilities, I can help.

Land Use

I have worked with local government agencies to facilitate zoning changes, divisions of land, boundary line adjustments, and other approvals necessary for the ability of property owners to develop and utilize their property.  I am familiar with the procedures local and state government must follow in the approval or denial of a development permit and have sought redress from both when those procedures have not been followed and the rights of property owners, their neighbors, or other interested parties have not been protected.  If you think a development project was improperly approved or denied, or you would like some guidance in maneuvering through the local bureaucratic maze, do not hesitate to call or stop by.

Real Property

I have handled an array of real property disputes including those involving title, the location of boundary lines, access easements and water rights.

Animal Law

I have experience with an array of animal law issues including helping clients handle damage caused to the property of a neighbor by their animal, obtaining recovery for the death or serious injury to a farm animal by a neighbor’s dog, animal related noise complaints, and helping clients prepare for, and representing them at, vicious dog hearings.

Environmental Law

I am very familiar with the numerous regulations protecting natural resources, specifically the California Environmental Act (CEQA) and the National Environmental Policy Act (NEPA), having argued both in front of local government agencies, the Superior Court and the Court of Appeal.

General Civil Litigation

I have handled a broad range of general civil litigation including bringing and defending claims for breach of contract, fraud, breach of trust, breach of fiduciary duty, negligence, and damage to personal property.

Transactional

I have experience drafting sales and service contracts, buy-sell agreements, road maintenance agreements, residential and commerical leases, purchase agreements and covenants conditions and restrictions (CC&Rs).

A Little Bit of Mongomery Village History, Santa Rosa. Ca.

 

A Little Montgomery Village History
Excerpts from the article
“Hugh Codding Dies at 92”

 By GAYE LEBARON
THE PRESS DEMOCRAT Published: Sunday, April 4, 2010 at 3:00 a.m.

Hugh Bishop Codding, for more than 60 years a larger-than-life figure in the economy and politics of Sonoma County, died Saturday of pneumonia. He was 92.

Codding, generally credited with having altered the course of post-World War II Santa Rosa, became a legend in residential and commercial development in the 1950s and ’60s.

Codding’s early development projects constitute the quintessential story of Santa Rosa’s building boom of the late 1940s and 1950s.

After his graduation from Santa Rosa High School in 1936, Codding worked for his plumber stepfather, David Hall, and took construction courses at night.

The first house he built, on speculation, is at 938 Bush Street in Santa Rosa. He sold it in the late 1930s for $2,950. His next venture was a small development near the corner of E Street and Bennett Avenue. He named one of his new streets Georgia Street for the girlfriend of the man he bought the property from, displaying the whimsical approach to development that would characterize his career. 

His first brush with Santa Rosa government, which would affect post-war Santa Rosa, came Continue reading A Little Bit of Mongomery Village History, Santa Rosa. Ca.