New State Fee for Fire Prevention Services

 
Property owners within the State Responsibility Area (SRA) will soon be receiving a bill requiring payment up to $150 per habitable structure for state fire prevention services.

In July of 2011, the Governor signed legislation (ABX1 29) requiring affected property owners to pay a fee for state fire prevention services in their area. The fee is applied to all habitable structures within the SRA.

The SRA is the area of the state where the State of California is financially responsible for the prevention and suppression of wildfires.  SRA does not include lands within city boundaries or in federal ownership. To see if your property is within the SRA, use the State Responsibility Area Viewer website:
http://www.firepreventionfee.org/sraviewer.php

The fee is levied at the rate of $150 per habitable structure, which is defined as a building that can be occupied for residential use. Owners of habitable structures who are also within the boundaries of a local fire protection agency will receive a reduction of $35 per habitable structure.

This fee will fund a variety of important fire prevention services within the SRA including brush clearance and activities to improve forest health so the forest can better withstand wildfire.

Note: The transfer of title does not trigger the fee.  The notice of the Fire Prevention Fee has been included in Disclosure Source NHD Reports since September 2011.

For more information about the Fire Prevention Fee visit:

http://firepreventionfee.org/sra_faqs.php

clear skies,

Doug Reynolds

 

www.BHGshortsales.com

The Reasons Your House Isn’t Selling and What You Can Do about It

Selling a home can be a daunting undertaking, and while you may be helpless to control the state of the market or the number of prospective buyers in your price range, here are a few ways to be proactive against some of sellers’ most common pitfalls:

Problem: Your home lacks curb appeal. The condition of your home inside and out is critically important to making a sale. If your home doesn’t show well, a potential buyer is going to head elsewhere. Most buyers are looking for a house they can move into without a ton of small repairs and cleanup.

What You Can Do: You’ve been meaning to fix that leaky faucet or repaint the fence in the front yard, so now is the time to do it! Of course, this should have been done when you decided to sell, but it’s never too late… De-clutter your rooms and store all personal effects. Consider investing in some new curtains, bath towels and throw rugs. To make sure that you nail that crucial curb appeal, spruce up your yard with new plantings, trim hedges and weed flowerbeds, and keep the lawn short and neat. Those minor repairs that you have been living with will add up in the eyes of a prospective buyer.

Problem: Location. Everyone’s heard that old maxim that real estate is all about “location, location, location!” But what do you do if you’re trying to sell a home on a busy street, or too close to a major highway?

What You Can Do: There are actually a few things you can do to increase your chances of a sale. If your home is on a busier street, highlight any benefits on the flip side—maybe your backyard is fenced in, your taxes are low or you can walk to a school nearby. Make sure you pay extra attention to those highlights. If you are in an area where your home is very close to a major highway, consider some type of privacy hedge or fencing. If you have older windows consider replacing them – the benefit will be two fold, you will have new windows as a selling feature and those new windows will provide a little more sound buffering inside the home. Last, consider selling at a time when the foliage is in full bloom to help naturally block sound or visual effects from nearby highways.

Problem: Your home is not easily accessible for showings. Are you getting a lot of showing requests that you are turning down? Many sellers make the mistake of not accommodating a buyer’s request for showings because requested showing times are an inconvenience to the seller.

What You Can Do: Try and remember that your home is a product for sale. Do whatever you can to cooperate with showing requests, even if they are last minute or on off hours. Make sure the house is always tidy while you are listed, so if you get a last minute showing you don’t have to run around spending hours cleaning. Do you have showing requests on a rainy Saturday? Take the kids to the museum. And if you get that 7pm showing request, take the family out for a bite to eat that night.

Problem: Your pet is an issue. Pet problems can go beyond the presence of an unfriendly pet barking or jumping on a potential buyer. Pet owners also need to go to extra lengths to make sure to remove pet hair, eliminate dander, and keep odor to a minimum.

What You Can Do: Yes, it’s extra effort, but you’ll reap the benefit of breaking out the lint brush, keeping the vacuum cleaner handy, and disinfecting areas where your pet has made a mess. Take your pets out of the house during showings or make sure they are crated. A potential buyer is there to view the home that is for sale, and should not have to worry what your pet is going to do.

Problem: Your agent is not aggressively marketing your property. Is your home listed in MLS and on public websites? Most buyers are shopping for a home online these days, so having an online presence is highly important. How well is your home being depicted in photographs and descriptions? Have you had enough open houses to showcase your home to the area brokers and to the public?

What You Can Do: First, consider the questions above and assess your answers. If you are dissatisfied with how your home is being marketed, you may need to sit down for a brainstorming session with your agent. Make your concerns and your wishes known.

Problem: Your agent is not familiar with your area. Did you list your home with an agent from outside of your area? Do they know much about your market, the comparables in your neighborhood and selling features of the community? Does your broker have to come from far away to simply show the house?

What You Can Do: Listing your home with a local agent is critical. If your agent knows little about the market, the comparables or the community how can they properly position your property for sale? They may be missing important selling features of your home, such as close proximity to a certain coveted school, or the selling price of a pending comparable. If they have to travel a long distance just to get to your property, over time they may lack motivation to show your home.

Do your research. Selling your home is a partnership between you and your real estate agent. Be an active participant. If you can contribute knowledge and strategy to the process of selling your house, you’re less likely to be tripped up by the common stumbling blocks that can prevent a sale.

clear skies,

Doug Reynolds

 

www.BHGshortsales.com

8 Tips for Finding Your New Home

By: G. M. Filisko

A solid game plan can help you narrow your homebuying search to find the best home for you.

1. Know thyself

Understand the type of home that suits your personality. Do you prefer a new or existing home? A ranch or a multistory home? If you’re leaning toward a fixer-upper, are you truly handy, or will you need to budget for contractors?

2. Research before you look

List the features you most want in a home and identify which are necessities and which are extras. Identify three to four neighborhoods you’d like to live in based on commute time, schools, recreation, crime, and price. Then hop onto REALTOR.com to get a feel for the homes available in your price range in your favorite neighborhoods. Use the results to prioritize your wants and needs so you can add in and weed out properties from the inventory you’d like to view.

3. Get your finances in order

Generally, lenders say you can afford a home priced two to three times your gross income. Create a budget so you know how much you’re comfortable spending each month on housing. Don’t wait until you’ve found a home and made an offer to investigate financing. 

Gather your financial records and meet with a lender to get a prequalification letter spelling out how much you’re eligible to borrow. The lender won’t necessarily consider the extra fees you’ll pay when you purchase or your plans to begin a family or purchase a new car, so shop in a price range you’re comfortable with. Also, presenting an offer contingent on financing will make your bid less attractive to sellers.

4. Set a moving timeline

Do you have blemishes on your credit that will take time to clear up? If you already own, have you sold your current home? If not, you’ll need to factor in the time needed to sell. If you rent, when is your lease up? Do you expect interest rates to jump anytime soon? All these factors will affect your buying, closing, and moving timelines.

5. Think long term

Your future plans may dictate the type of home you’ll buy. Are you looking for a starter house with plans to move up in a few years, or do you hope to stay in the home for five to 10 years? With a starter, you may need to adjust your expectations. If you plan to nest, be sure your priority list helps you identify a home you’ll still love years from now.

6. Work with a REALTOR®

Ask people you trust for referrals to a real estate professional they trust. Interview agents to determine which have expertise in the neighborhoods and type of homes you’re interested in. Because homebuying triggers many emotions, consider whether an agent’s style meshes with your personality. 

Also ask if the agent specializes in buyer representation. Unlike listing agents, whose first duty is to the seller, buyers’ reps work only for you even though they’re typically paid by the seller. Finally, check whether agents are REALTORS®, which means they’re members of the NATIONAL ASSOCIATION OF REALTORS®. NAR has been a champion of homeownership rights for more than a century.

7. Be realistic

It’s OK to be picky about the home and neighborhood you want, but don’t be close-minded, unrealistic, or blinded by minor imperfections. If you insist on living in a cul-de-sac, you may miss out on great homes on streets that are just as quiet and secluded. 

On the flip side, don’t be so swayed by a “wow” feature that you forget about other issues—like noise levels—that can have a big impact on your quality of life. Use your priority list to evaluate each property, remembering there’s no such thing as the perfect home.

8. Limit the opinions you solicit

It’s natural to seek reassurance when making a big financial decision. But you know that saying about too many cooks in the kitchen. If you need a second opinion, select one or two people. But remain true to your list of wants and needs so the final decision is based on criteria you’ve identified as important.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

California House Sales Up

California home sales posted an increase both on a monthly and annual basis in November, marking the fifth consecutive month of year-to-year sales increases, according to figures released today from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.).  Meanwhile, the statewide median price of an existing, single-family detached home sold in California rose 1 percent compared with October, but declined 5.2 percent compared with a year earlier.

Making sense of the story

• Closed escrow sales of existing, single-family detached homes in California rose to a seasonally adjusted 503,570 units in November, up 2.1 percent from a revised 493,140 in October, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. 
• November home sales also were up 2.3 percent from the revised 492,040 units sold during the like period a year ago.  The statewide sales figure represents what would be the total number of homes sold during 2011 if sales maintained the November pace throughout the year.  It is adjusted to account for seasonal factors that typically influence home sales.
• The November statewide median price of an existing, single-family detached home sold in California was $280,960, up 1 percent from $278,060 in October but down 5.2 percent from the $296,480 median price recorded for November 2010.
• The Unsold Inventory Index for existing, single-family detached homes was 5 months in November, down from 5.3 months in October and down from a 6.2-month supply in November 2010.  The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.

clear skies,

Doug Reynolds

 

www.BHGshortsales.com

How much money do I need for a down payment to buy a home in the Sacramento Area?

Doug Reynolds, a Sacramento Area Realtor, discusses the topic with a local loan officer. Erick Perpich, loan officer with Republic Mortgage, talks about the different options of VA 0% down payment, FHA 3.5% down payment and Conventional 5% down payment. You do not need to have 20% down payment to buy a home. It simply is not true and sometimes a poor decision for the buyer as well. Give Erick a call or email today if you are looking to see how much of a home you could purchase and exactly how much down payment and closing costs you would have. (http://www.republicmortgage.com/eperpich)

clear skies,

Doug Reynolds

 

www.BHGshortsales.com