Redding Real Estate

HAS CALIFORNIA’S REAL ESTATE MARKET HIT BOTTOM?

August 8th, 2008

By Brad Garbutt

Indications are the market has hit bottom in California and may be one of the first states to recover. This is based on the fact sales have been up for three months straight following a 30-month decline. Approximately 40% of the sales are foreclosure sales which helped deplete some of the excess inventory. Here in [...]

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WEST REDDING NEIGHBORHOOD DEVELOPED AROUND HISTORIC MARY LAKE

August 7th, 2008

By Brad Garbutt

The Mary Lake subdivision is located at the western edge of Redding, just south of Eureka Way. The first phase of homes were built in 1984 and the last phase, known as Kildara Ridge, are still being built today. Mary Lake Park is owned and maintained by the City of Redding. In the late 1980’s, [...]

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BUYING A HOME-CALIFORNIA STYLE!

August 7th, 2008

By Brad Garbutt

Whether buying your first home, or selling a home you’ve owned for a decade or more,  most clients are unfamiliar with today’s contracts used by REALTORS. I would like to point out several important changes that significantly changed the process for buyers and sellers utilizing a standard California Association or Realtors’ (C.A.R.) purchase agreement.

Years ago [...]

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CALIFORNIA REAL ESTATE AGENTS CAN NOW REPRESENT INVESTORS BUYING HOMES IN FORECLOSURE

August 6th, 2008

By Brad Garbutt

A recent court ruling (Schweitzer vs. Westminister Investments) makes it possible for a real estate agent to represent an investor purchasing a home on which a Notice of Default (NOD) has been recorded and the property is occupied by the owner. Until recently, state law required any real estate agent representing an investor, that did not [...]

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CALIFORNIA REALTORS OPPOSE COSTLY POINT-OF-SALE MANDATE

August 6th, 2008

By Brad Garbutt

Assembly Bill 2204 (De La Torre) would require county lawyers to review every deed and other title documents including C,C,&R’s, and remove illegal, obsolete and unenforceable restrictions from title records before a property could be transferred. This review process would be costly and time consuming and county recorders would have to charge a huge fee [...]

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TIPS FOR HOME SELLERS IN A BUYER’S MARKET

August 5th, 2008

By Brad Garbutt

By now, anyone that reads the paper, listens to the radio or watches the news knows the real estate bubble has burst. Clients frequently ask how do I compete with the ever increasing competition from bank repo’s and short sales? I listen, then educate them on how to make their property stand out from the [...]

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REALTORS WIN CHANGE IN LAW REGARDING DISCLOSURE OF SOCIAL SECURITY NUMBERS

August 2nd, 2008

By Brad Garbutt

August 2, 2008
President Bush signed legislation this week eliminating the requirement that real estate agents obtain the seller’s Social Security Number and provide it to the buyer of their real property. Prior to this bill being signed, IRC SECTION 1445 required real estate agents to have the seller complete a form known as “SELLER’S AFFIDAVIT OF NONFOREIGN STATUS AND/OR CALIFORNIA WITHHOLDING  [...]

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SALES UP, PRICES DOWN IN CALIFORNIA

July 31st, 2008

By Brad Garbutt

The California Association of Realtors reported today that home sales increased 17.5% in June compared with the same period a year ago. The median home price fell 37.7% during the same time period. Another indicator that the market is improving is sales volume: for the second month in a row the number of homes sold [...]

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