Chris Parsons – Page 362

Shasta County MLS Hotsheet 3/16/2011

New listings to see on the Shasta County MLS.

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Parsons Realty offers many tools including the Daily Hot Sheet to help you find the perfect house. Save time and let the best real estate deals find you, sign up for our VIP Buyers Listing Alert.

Parsons’ free Listing Alert service will automatically send residential property listings direct to your email. You’ll only receive properties in your price range and location(s) of interest. We also offer smart phone notification, voice message alerts, fax alerts, pager and Instant Messenger notifications.

Redding CA Home Prices

Redding CA Home Prices – Are They Headed Up or Down?

There’s a saying in the investing world, “the trend is your friend.” What this means is, if you know the trend, you may have a glimpse of the future. And, if you know the future, you can make some very smart decisions.

If you’re considering buying a home in Redding it would be helpful to know the trend. And sometimes, it pays to look at the National trend too. Why, because the National trend dictates policies and policies affect interest rates, taxes and many other key components that control how we as consumers feel about buying stuff, specifically a new home.

A survey taken by RISMedia on March 14, 2011 has produced some noteworthy stats, let’s have a look.

Almost 70% of the sellers and home buyers surveyed said they thought the housing market would recover within the next 1 – 2 years. A large group of sellers and buyers totaling 86% of the 1000 plus surveyed believed real estate was still a good investment.

Of those surveyed, six out of ten respondents said they’re ready to buy and the majority of those surveyed believed they would be getting a better deal as a result of the dramatic fall in home prices.

In summary, the survey coincides with my experience working with Redding home buyers. It’s my opinion, the prices of homes in Redding are at the price level that many buyers that had been previously sitting on the fence are now actively looking to buy. And why shouldn’t they. A young couple that I’m working with have a home in escrow right now. When their house closes in a couple of weeks, their house payment will be less than their rent payment. In my book, that makes the decision a no brainer.

You’re welcome to check out Redding home prices by searching the Shasta County MLS yourself. If you’re a home buyer, I think you’ll be pleasantly surprised.

Survey data source Source: “Americans Confident in Recovery of Real Estate Market,” RISMedia (March 14, 2011)

By : William Parsons, Broker of Parsons Realty

Shasta County MLS Hotsheet 3/15/2011

New listings to see on the Shasta County MLS.

[idx-listings linkid=”135721″ count=”30″ showlargerphotos=”true”]

Parsons Realty offers many tools including the Daily Hot Sheet to help you find the perfect house. Save time and let the best real estate deals find you, sign up for our VIP Buyers Listing Alert.

Home Buying Costs

I get this questions all the time, “What Are Closing Costs?” When you buy a house you have the purchase price cost and you have closing costs. The costs combined make up the total amount you will spend for the house. You may also have additional costs such as hiring various inspectors to inspect the well, house, septic and the heating, ventilating, air conditioning (HVAC) systems. So, as you can see, buying a home entails more out-of-pocket expenses than just the down payment. Further more, there are also costs to pay for items such as the title insurance policy, recording fees, courier charges, reserves to set up an impound account and fees that a lender charges. Lender fees are usually the bulk of closing costs and can be quite expensive. However, there’s a way to have the Seller pay you closing costs, read on. [Read more…]

Home Stripping Crimes On The Rise as Foreclosures Increase

With the increased number of Foreclosures in Shasta County home stripping crimes have been on the rise. At a recent meeting held by the Shasta Association of Realtors Bob Angulo from the Shasta County District Attorneys Real Estate Fraud Division discussed the various investigations his office is conducting.

The most interesting topic was of course home stripping. Home fixture stripping occurs when individuals who are in the process of losing their home through judicial foreclosure, or a non-judicial trustee sale, or who list their house for sale with a real estate agent as a “short sale,” remove fixtures from the home either before or after the trustee sale or short sale.

Fixtures are considered part of the real estate collateral and may not be removed without the advance written consent of the lender. Although fixture stripping seems to be a relatively new phenomena arising out of the recent housing crisis, the law prohibiting the removal of fixtures from real property without the owner’s or lender’s consent has been the law in California for over 100 years.

Banks and other secured home loan lenders are recognized as victims in this situation because, when a homeowner obtains a home loan and signs a deed of trust, the lender receives a secured property interest in the land, buildings, and fixtures. Banks therefore “own” a legal property right in a home’s fixtures, even if the items were not purchased with the borrowed loan proceeds. Written consent to remove a fixture must also be obtained from any second deed of trust holder or secured home equity lender.

Another interesting thing Mr. Angulo pointed out was Purchasers at trustee’s sales are also potential victims under Penal Code section 502.5. Although a bidder at a trustee’s sale typically purchases a foreclosed home in its “as is” condition, unless the purchasers have actual advance knowledge of everything that has been stripped from the home, they may have a legitimate expectation that the home will contain its standard fixtures.

If you would like more information about home stripping or have other real estate fraud concerns you can contact the Shasta County Office of the District Attorney. The Real Estate Fraud division can be reached at 530-245-6530.

You can also listen to a podcast of the meeting on the Shasta Association of Realtors website (Link)

Shasta County MLS Hotsheet 3/11/2011

New listings to see on the Shasta County MLS.

[idx-listings linkid=”135188″ count=”35″ showlargerphotos=”true”]

Parsons Realty offers many tools including the Daily Hot Sheet to help you find the perfect house. Save time and let the best real estate deals find you, sign up for our VIP Buyers Listing Alert.

Shasta County MLS Hotsheet 3/16/2011

Redding CA Home Prices

Shasta County MLS Hotsheet 3/15/2011

Home Buying Costs

Home Stripping Crimes On The Rise as Foreclosures Increase

Shasta County MLS Hotsheet 3/11/2011

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