Tips For Sellers Category
Fix It, Then Disclose It
September 16th, 2009
By Brad Garbutt
Many home sellers get their home ready for sale by fixing, painting and replacing worn out items to get the best possible price. After all, many real estate professionals encourage their clients to do just that prior to placing a home on the market for sale. However, some sellers believe they do not need to [...]
Leave a Comment »
Some Landlords Confused By New Lease Termination Rules
September 9th, 2009
By Brad Garbutt
Owners of rental property must be familiar with notice requirements when terminating a lease. A new federal law, aimed at protecting tenants occupying properties that were foreclosed upon, requires 90-day notice prior to eviction. Only “bona fide” tenants on a month-to-month tenancy are protected by this law.
Otherwise, tenants on a month-to-month rental agreement living in a property not in foreclosure are [...]
Leave a Comment »
Practitioners Must Adjust To New Appraisal Rules
September 8th, 2009
By Brad Garbutt
Although not required by law, lenders hoping to sell mortgage loans to Fannie Mae or Freddie Mac must  follow the recently implemented HVCC (Home Valuation Code of Conduct) rules. These rules are intended to “insulate the appraisal process from undue influences by placing tight controls and restrictions on the ordering of the appraiser, as well as [...]
Leave a Comment »
Redding Pending Sales Climb As Inventory Drops
September 1st, 2009
By Brad Garbutt
Redding home units eclipsed the 500 mark briefly before falling back to 497 today-levels not seen in more than three years! 2009 began with only 257 homes pending sale.  Listing inventory of active homes dropped to 1484 today, down from July’s peak of 1564. My data is derived from the Shasta MLS.
July saw 193 homes close escrow in the Greater Redding [...]
Leave a Comment »
Realtors Outline Short Sale Concerns
July 20th, 2009
By Brad Garbutt
Short sales, defined as selling a property for less than what it would take to pay off loans and closing costs, are a significant part of  real estate activity in Shasta County. Anyone involved with a short sale- buyers, sellers, escrow and title companies and real estate agents, have learned this is a difficult process that leads to failure [...]
Leave a Comment »
Redding Home Prices Slip Slightly
July 9th, 2009
By Brad Garbutt
During the first 4 months of 2009, home prices in Redding held steady at $136/square foot as reported by a local real estate appraiser. 2nd quarter numbers are in and the price per square foot overall has dropped a tad to $133.83. One could argue this change is not statistically significant, and I would not disagree.
Sales in June increased 28% [...]
Leave a Comment »
Redding Home Inventory Declines, Pending Sales Increase
June 16th, 2009
By Brad Garbutt
As we approach mid-year 2009, the local real estate market is moving along steadily. Today, the number of active home listings is 1544, down from 1552 last week. There were 1495 active listings in early January and 1886 last year at this time. Pending home sales increased to 494 today, up from 257 in early January [...]
Leave a Comment »
Move Up Buyers Stymied By Slump In Housing Prices
June 15th, 2009
By Brad Garbutt
One key point made by Joel Singer, executive vice president of the California Association of Realtors, in last week’s mid-year economic forecast is the impact declining home prices may have on those wishing to move up to a larger home. Basically, the rapid and steep decline in home prices has wiped out home equity needed to [...]
Leave a Comment »
Blogroll
- Shelley Texley-Gilchrist
- Brad Garbutt, Realtor
- Jerry Baker, Realtor
- Bob and Sandee Sparks, Realtors
- Lauri Gibson, Realtor
Company Information
- Our Offices
- Meet The Team
- Relocation
- Financing
- Preferred Partners
- Home Rewards
- GMAC Insurance
- Elegant Homes
- Career Opportunities
Categories
- Foreclosures
- Miscellaneous
- Real Estate Articles
- Shasta County
- Success in Real Estate
- Tips For Sellers
