Mel Hamel Park Roseville, Ca
March 19th, 2009 categories: Fun
Roseville welcomes it’s 60th park! Mel Hamel Park is located at 10080 Crocker Ranch Road. The official opening celebration is Saturday March 21st at 11am. In addition to the usual playground equipment, soccer field, and half court basketball; Mel Hamel Park has a water mister and sand volleyball court.
The park is a large 9 acres of fun! The park has opened just in time for the beautiful Northern California spring weather, and Crocker Ranch residents say that it is already quite popular.
The park is named after Mel Hamel who served 34 years in the local public schools. He also served for 10 years on the Roseville City Council, and 1 term as Mayor.
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$10,000 California New Home Tax Credit
March 11th, 2009 categories: New Homes Roseville, Real Estate News
Everyday it seems like buying a home gets better and better. Now California is throwing in an extra $10,000 to buyers who purchase a new home after March 1st 2009. This is an incredible incentive to buyers in this market! Before the credits were tied to being a first time home-buyer, and meeting certain income requirements. Not now…this current credit applies to any new home buyer planning to use this new home as their principal residence for at least two years. There are minimal requirements to receive this credit. There are a few key things to know about the credit:
1) It does not have to be paid back.
2) It will be paid to the tax payer over three years. $3333.33 each year.
3) It must be your principal residence for at least two years.
4) The money is not unlimited. There is $100,000,000 allocated for this credit. It will run out. You can see how much money is left by visiting:
http://www2.ftb.ca.gov/individuals/New_Home_Credit.shtml#def2
If you are planning on purchasing a new home call us asap to take advantage of all the incentives out there for buyers. This state credit is in addition to the many unbelievable credits the builders are offering as well. We would love to share with you how to find the best deals on new homes.
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Million Dollar Listing…Granite Bay
January 24th, 2009 categories: Luxury Homes
In the market for a luxury Granite Bay home? Hoping to sell a Luxury home in Granite Bay? These statistics will give you some insight into what to expect.
If you are a buyer there is a lot to choose from. There are currently 62 homes for sale from the $1,ooo,ooo plus price range. Here are the averages:
CURRENT LIST PRICE $2,283,006
SQUARE FOOTAGE 5,984
PRICE PER SQ FT $386.17
DAYS ON MARKET 197
If you are planning on selling your home; here is what the last six months have told us about what to expect.
There have been 11 homes sold in the last six months in the $1,000,000 plus price range. Here are the averages:
SOLD PRICE $1,362,707
SQUARE FOOTAGE 5500
PRICE PER SQUARE FT $249.93
DAYS ON MARKET 128
Another thing to note is that most of the properties that are selling are homes on an average of 1.4 acre lots. A nice size parcel of land is one of the biggest requests we get from our home buyers.
For a more in depth look at the real estate market in Granite Bay give us a call. If your goal is to buy or sell a home in Granite Bay we can help you create a winning strategy.
*Statistics were gathered from the local MLS.
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Get Paid To Purchase! How First Time Home Buyers Are Cashing In.
January 20th, 2009 categories: Real Estate News
Not only are first time home buyers cashing in on buying at such low prices but they are borrowing money at historically low rates. If that wasn’t enough to make you want to jump into this buyers market with both feet than a federal tax credit of $7500 should get you moving.
This tax credit like all good things is available for a limited time. You must buy your first home before July 1st, 2009.
With many of our clients getting into houses with mortgage payments less than they are paying for rent, I can’t think of why anyone would pass up this opportunity to own a home. If you are interested in finding out if home-ownership is a possibility for you give us a call asap. We can help you through the whole process from qualification to closing. We love making home-ownership a reality for our clients.
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Pulte Homes West Park
January 14th, 2009 categories: New Homes Roseville
Today I went and visited the new home community Amberly Place in West Park by Pulte Homes. West Park is one of Roseville’s newest master planned communities. The concept is to integrate housing with schools, restaurants, shopping, trails, and parks. All within walking distance of home. A great idea if you ask me! Being able to walk to coffee, or get a bite to eat with the family with out having to get in the car is a luxury that most suburban areas don’t have.
Amberly Place has homes that range in size from 1919 Sq ft. to 3315 Sq ft. The prices start in the low $300,000’s and top out at the mid $400,000’s. The smallest one story home offers 3 bedrooms with a den, and the largest home offers 5 bedrooms plus an office and bonus room.
If you bought a home when the market was hot like we did than you will be surprised to find out that these new homes come standard with granite counter tops in the kitchen, as well as, stainless steel appliances. Something you used to have to shell out big bucks for. They also come with maple cabinets, and a complete security system.
If upgrades aren’t enticing enough than how about the vaulted ceilings in the Dorchester Model(picture above)?? I know ooh la-la. It was my favorite model. Impressive vaulted ceilings and an open rail bonus room upstairs give this home such an elegant feel. It was very open and bright. It also has a downstairs master.
They don’t have any homes ready for immediate move in right now but if you put a deposit on a lot they will start building one for you.
Just like in any home purchase you should talk to your Realtor when you start considering the purchase of a new home. Your Realtor must accompany you the first time you visit the new home community in order to work with you during the purchase process. A Realtor is an important resource in a new home transaction.
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Forclosure Statistics East Roseville
May 20th, 2008 categories: Forclosures, Real Estate News
East Roseville is one of Placer County’s most desirable places to reside. With proximity to hospitals, freeways, shopping, great schools, and some of the areas best hot spots, (Crush 29, Hawk, Paul Martin, & Mikuni), it seems to be the place to be. So I know you are asking….
Katie are there good foreclosure deals in East Roseville? The answer is YES! Although not hit as hard as some of the other surrounding newer areas there are still definitely deals to be had. Let’s take a look at the stats.
12 Active Bank Owned Properties Average List Price $301,867
15 Pending Bank Owned Properties Average Price $325,180
31 Sold Bank Owned Homes Since 1/01/08 Average Price $337,923
Home are selling for an average of 97.16% of asking price.
This presents a great opportunity to buy a home at an impressively affordable price. Sparky and I specialize in the Roseville market, and would love to provide you with more valuable area information. If you are considering a purchase, call us with any questions. 916-628-4598 or 916-628-8086
*Statistics were gathered from local area MLS
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How You Can Turn $14 into $564
April 3rd, 2008 categories: Green Living
We are always trying to be more earth friendly and budget conscious, so I was excited when I saw that Costco had energy saving compact fluorescent light bulbs in packs of 10 for $13.99. That’s $1.39 per bulb, which is way cheaper than most places I have seen them. I’ve seen them at the grocery store for about $5 bucks a pop. I always thought it would cost a small fortune to replace all of the bulbs in our house, but now it is affordable. The savings gets even better. On the box it states that you will save $564 in energy costs per package. In our house that is a $2820 savings. That is a nice vacation!
Environmental Benefits:
• They last 10 times longer than the standard 60 watt 1000 hour bulbs.
• In one package of the compact fluorescent bulbs you save enough energy to light the average home for over 2 years.
• The greenhouse gases saved using the bulbs in 1 package are the equivalent to planting 80 trees.
For more information on the benefits of compact fluorescent lighting as well as buying tips visit:
http://www.energystar.gov/index.cfm?c=cfls.pr_cfls
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Blue Bird Special
April 3rd, 2008 categories: Fun
The spring skiing doesn’t get much better than this! Blue skies, 55 degrees, and Squaw Valley. We hit the freeway by 10am. Stopped at Awful Anniesin Auburn for a late breakfast & were on KT-22 by noon. To my surprise it was far less busy than I thought it would be, being spring break and a Friday. We didn’t wait in one lift line all day.
I also forgot how big the mountain is. Thirty-three lifts access 6 peaks, 4,000 acres, and 2,850 vertical feet of terrain. Compared to our home mountain of Sugar Bowl which has 4 peaks, 1500 acres, and 1500 vert. It’s 3x’s the terrain. Squaw has had 416 inches at 8200 ft this year. There’s going to be snow for months.
So we cruised the hill from KT to Shirley. Then we did laps in the Belmont Park to hit some jumps & bonk around. Then it was off to Gold Coast for Blue Moon’s & garlic fries. Before you know it, the bartender called last call & we were buttering around in the afternoon slush. Soooooooooo Funnnnnnnnnnnnn.
We landed at the base of the village and there was a wine & chocolate tasting. It’s just so fun to sit out on the deck in the sun to people watch & listen to tunes.
To end the day was a medium pizza at Le Chamois. Tons of local folks. Super low key & relaxed. Wonderful pizza.
So for all of you thinking about getting out the boat, IT’S STILL SNOWBOARD SEASON.
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FHA Loans Are Back And Ready To Play Ball
March 26th, 2008 categories: Real Estate News
FHA loans are off the bench and are back in the home loan game.In recent years FHA loans took the bench while conventional loans had the field of buyers. Up until now I haven’t had a buyer go for an FHA loan in 5 years. Now most of my buyers are going for an FHA loans for a couple of reasons.
#1 The conforming loan rate increase. As part of the president’s stimulus package the conforming loan limit for the Greater Sacramento Area changed from $417,000 to $580,000. What does this mean? It means that you can finance $580,000 with out having to get a jumbo loan. Jumbo loans, especially in recent months have had much higher interest rates. This increase is only good until December 31st, 2008.
#2 Lower down payment requirements. Most conventional loans at this time require at least a 10% down payment to purchase, while FHA requires a smaller 3% down payment. Less cash to close makes the FHA loan appeal to more buyers.
1 Thing to know about qualifying for an FHA loan:
You need to have a satisfactory payment history for 12 months. This is one of their requirements, so it is advisable to get all of your ducks in a row with qualification before going out home shopping. With all of the financing changes in the market it is critical to know what your options are before go out looking. As always having a professional in your corner can insure that your home buying experience is a home run and not a strike out. If you are starting your home buying process give us a call. We would be happy to sit down with you, and discuss your options. 916-628-4598 or 916-628-8086
For more information on FHA loans go to WWW.FHA.COM
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Foreclosures Hit Hard in Lincoln California
March 24th, 2008 categories: Forclosures
Traveling down the 65 used to be the sleepy town of Lincoln…….that is until the developers moved in. Quickly Lincoln became a city with a Lowe’s and a Home Depot (that’s when you know your on the map). Communities such as, Twelve Bridges, Lincoln Crossing, Foskett Ranch, and Catta Verdera quickly grew into the Lincoln we all know today.
These communities being established from 2002 until today is one of the main reasons why the area has been hit so hard by the foreclosure market. Home buyers were purchasing in the peak of the 103% financing, adjustable rate mortgage boom. Surrounded by building still in progress, home owners watched their equity dwindle while the builders started to struggle to sell homes thus slashing prices and offering huge incentives.
Fast forward to today. The foreclosure fiasco that Lincoln has found itself in has created an incredible opportunity for buyers. With some of the best deals we are seeing in the market, buyers are taking notice. Check out these current statistics for Lincoln, CA.
33 Active Bank Owned Properties Average List Price $316,317
59 Pending Bank Owned Properties Average Price $307,500
66 Sold Bank Owned Homes Since 1/01/08 Average Price $335,134
Home are selling for an average of 93.5% of asking price.
This presents a great opportunity to buy an almost new home at an impressively affordable price, and seeing these numbers tells me that plenty of people are taking advantage of the deals.
Sparky and I have been working the Lincoln market since the first new homes started going up. It is a great area with a lot to offer. If you are considering a purchase . Call us with any questions. 916-628-4598 or 916-628-8086
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