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Chico, CA Real Estate News

By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
638 W 1st Avenue, Chico, CA 95926 - $359,000638 W 1st Avenue, Chico, CA 95926FEATURESBedrooms: 2Bathrooms: 1Year Built: 1927Lot Size: 0.14Garage Size: 0School District: Chico UnifiedSquare Footage: 1071Agent Name: Sandi BaumanBroker: Chico Homes Real Estate Sales, IncMLS #: SN24034911 DESCRIPTIONTwo units on one lot within a very short distance to Chico State. Excellent opportunity to acquire an affordable, turn-key multi-unit property in Chico! It would make a fantastic parent/student investment. Live in one, rent the other! The front home is a charming 2 bedroom, 1 bath with the requisite white picket fence and adorable covered front porch. Move in and market ready with dual pane windows, spacious eat-in kitchen, tile flooring, and tons of updates. The permitted, detached studio in th...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
1190 Linden Avenue, Oroville, CA 95966 - $299,9001190 Linden Avenue Oroville, CA 95966, Oroville, CAFEATURESBedrooms: 4Bathrooms: 2Parking Spaces: 2Year Built: 1950Lot Size: 0.27School District: Oroville CitySquare Footage: 1803Agent Name: Sandi BaumanBroker: Chico Homes Real Estate Sales, IncMLS #: SN24073442DESCRIPTIONClassic 1950's beauty- custom built! You don't see this type of property every day! There are ALL sorts of unique details to intrigue and delight. Brick accents and stunning wood eaves grace the exterior. Visitors are welcomed by majestic trees and a quaint front courtyard area. The interior includes a formal entry with wood paneling, generous living room with original hardwood flooring, cozy woodstove, and a wall of windows overlooking the rear yard. Bright and sunny ki...
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December 17, 2009Here are some more simple ways to make your house look its best for showings without spending much money.  If you missed last week's blog, check it out to see how to add curb appeal to your house for sale. 1. A Nice Entryway Impress buyers right off the bat with a beautiful entrance. Think about things such as adding a fresh coat of paint to the front door.  Door handles are also a first impression.  When we went through our house before we bought it the first thing I noticed was the chipped and weathered door handle on the front door.  It didn't stop us from buying the house but I could see how many potential buyers could see a door handle in poor repair as a bad first impression.  And, of course, the day we bought the house was the day that door handle was replaced.  ...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
Chico Real Estate, 2010 Forecast by Alan Greenspan, Lower Unemployment and Business Recovery Former Federal Reserve Chairman Greenspan speaks on why unemployment numbers will be lower in 2010. He also addresses short term interest rates and the economy.    Stock Market: Former Chairman Greenspan states 401k's have recovered .5 trillion dollars.  He also states the stock market has recovered 5 trillion dollars in equity.This is assumed to be the reason banks are posting high profits and some are considering the repayment of TARP (toxic asset recovery program) funds to tax payers. Jobs: He notes businesses have been squeezing out the last of their inventories which will force them to rehire.  Based on his calculations the economy will require creation of 100,000 jobs per month just to tak...
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By Brandi Laffins
(Century 21 Jeffries Lydon)
I learned of the Esplanade House last year when I interviewed their Program Operations Director Gloria Rodgers and Resource Specialist Lexi Grier for a potential donation from Omega Nu (which I am a member).  Not only did we select them to be a recipient of our Spring Luncheon 2010, we made them our only recipient of that event.  Last I read, the Esplanade House was housing over 60 families with nearly 100 children.  They need our help.  I am including an article from the Enterprise Record below. CHICO ENTERPRISE RECORD By STAFF REPORTS Posted: 12/13/2009 12:26:31 AM PST CHICO — The impact of the recession has brought more families than ever to Esplanade House, a transitional housing program designed to provide shelter and essential services for homeless families. Federal and state budg...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
 Redding CA Caltrans Eagle Cam, Nesting Eagle Pair Live Cam  In 2004 a pair of California Bald Eagles made a nest in Redding CA.  In 2007 CalTrans in pursuit of Highway work at Hiway 44 and 5 placed a safety cone in the nest in an attempt to relocate the nesting pair.  The attempts were to no avail and after public "input" the cone was removed. The Eagle pair have nested ever since.  A Live Cam to monitor the pair of eagles has been streaming live video. The pair were dubbed "Patriot and Liberty" This year the pair are are raising 3 eaglets.           Here is the link to the LIVE version of Caltrans Eagle Cam. It is only operable during daylight hours so check back.
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By Ryan Vaught
(Ryan Vaught Real Estate)
December 7, 2009 Over the next two weeks I will be sharing some ideas for sellers for how to make your house more appealing to buyers.  These are simple but effective tips.  Lets start with the basics- Create some curb appeal!Many home searches are now done on websites (i.e. like mine: www.ryanvaught.com).  Buyers like to be able to search for a home in the privacy of their own space and make a list of houses they wish to view.  There is an upside and a downside to this-they are the same!  You only get one chance to make a solid impression with the photos you choose to have posted of your house.  The front of the house is the first thing that buyers see and they may not even bother "cliciking" on the listing if they are not pleased with your houses curb appeal.  Follow these simple tips...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
President Obama's Job's Measure   President Obama announced today at Lehigh Carbon Community College in Allentown PA, he is finishing a jobs creation proposal to be presented to Congress next Tuesday. An official stated the proposal may include Tax Code incentives for small business new hires as well as work on the National Transportation system. Obama was quoted as saying, “ We need to grow jobs and get America back to work as quickly as we can,” Officials stated that House Speaker Pelosi and Treasury Secretary Geithner are recommending the use of Wall Street Rescue funds for the jobs program. While the President's statement in Allentown today calls for a new jobs proposal additional comments made at the White House appears to need clarification. The President stated to CEO's and acade...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
  CHICO REAL ESTATE - SHOULD I BUY vs RENT - CHICO HOUSES   The question often asked by first time buyers of Chico homes for sale is should I buy or rent? It may seem a bit complicated. Well, we wanted to provide you with a quick and simple way to get a side by side comparison of your choices. Click HERE to use the BUY vs RENT calculator. You'll be able to input real time costs for both choices. We believe information provides our clients with the ability to make quality buying and selling decisions regarding Chico Real Estate.                                                                 For more information call 530-347-6122                                          email: steve@chainrealestate.net   SEARCH CHICO REAL ESTATE                                        SEARCH CHICO INFORMA...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
Chico Houses - Buyer's Agent; What Is A Buyer's Real Estate Agent? Chico Real Estate Properties listed for sale with Real Estate Agents have a contractual relationship that establishes a fiduciary responsibility on behalf of the Seller. Before a Purchase Offer Agreement is created all Real Estate Agents are contractually obligated to the Seller to fulfill that fiduciary responsibility. A clear exception to this arrangement can be created through the completion of a Buyer Representative Agreement. Otherwise Buyers looking for a new home have no representation established until a purchase offer is made. Many Buyer's maybe unaware that this agreement adds NO ADDITIONAL COST to the purchase process. Buyers essentially acquire a package of additional benefits WITHOUT ADDITIONAL EXPENSE by es...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
Chico Houses, Building New Homes from $199.950 / $8,000 Home Buyer Tax Credit, Chico Real Estate   Are you in the market for a home in Chico. I'm hearing of numerous Buyers and their disappointment at bidding on Short-Sales and REO's in Chico. We have great news for you if you are in the market for a home priced from $199,950.  Chain Real Estate Investments and Mortgage and Chain Enterprises have combined to provide Buyers of Chico Real Estate with a satisfaction guaranteed home building/buying experience. No more bidding wars, no more waiting months to find out if your escrow will close. Perhaps best of all it is possible to obtain the $8,000 Tax Credit while purchasing a BRAND NEW energy efficient home. That's right the Tax Credit applies to construction of your BRAND NEW home whether...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
CHICO HOUSES, First Time Buyers Set New Record 2009, CHICO REAL ESTATE   The percentage of 1st Time Homes Buyers measured in the overall home buying market for 2009 grew to 47 percent according to National Association of REALTORS Profile of Home Buyers and Sellers. This breaks the previous record of 44% set in 1991. In 1991 1st Time Home Buyers market participation triggered the start of the economic turnaround for the period.                                                          Typical home purchase price - $156,000 Median Income - $61,600 Loan Type                          55% - FHA                            8% - VA                           96% - Fixed Rate Down payment Source:                            61% - Saving                            22% - Gift - Friends/family/parent ...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
Charming - new home - REDUCED PRICE!! Won't last long at this price , Chico Real Estate Overview Maps Photos Features Description $197,500 Single Family HomeFor Sale Main Features 3 Bedrooms2 BathroomsInterior: 1118 sqftLot: 0.10 acre(s) Location 1421 Martin StChico, CA 95928 Joel Chain Chain Real Estate(530) 592-6587joel@chainrealestate.nethttp://www.chainrealestate.net Listed by: Steven Chain See more Chico, CA real estate for sale
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
Chico Real Estate, BUY A HOME NOW! ARE YOU KIDDING? Chico Houses There are 3 factors contributing to the Buyer's Market in Chico now. They are PRICE, INTEREST RATES and TAX CREDITS.  Let's consider each of them and do some economic forecasting of our own.                                                       PRICE: 642 Homes have sold across all price ranges and have averaged 71 days on the market. The 2009 Homes Sold price range has been $91,750 to $930,000. with an average price of $263,250. Number of homes sold 642. source: SNVMLS  CAR economist's 2010 economic forecast suggests a price increase this next year of 3.3%. source: CAR Chico Real Estate INTEREST RATES:  Present interest rates are in the 5% range.  While the Federal Reserve Bank lending rate of 0-.025% is holding down rate...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
Chico Real Estate, I NEED TO SHORT SALE MY HOME !!! Are you sure?  Part II of II, Chico Houses                               LOAN MODIFICATION --- SHORT SALE --- FORECLOSURE How many times have you heard someone mention the term Short Selling a home?  Why would you want to Short Sell your home?  Are you behind on mortgage payments and owe more than the market value of your home?  Short Sale MAYBE the solution, but have you considered all your options?  In Part I of our series we discussed the Loan Modification as the first step in pursuing a solution to a mortgage problem. Today we will look at some of the main issues to consider with a Short Sale versus Foreclosure on a home. Chico Real Estate                                                           SHORT SALE: Selling a property for ...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
Chico Real Estate, I NEED TO SHORT SALE MY HOME !!! Are you sure? Part I of II, Chico Houses                                    LOAN MODIFICATION --- SHORT SALE --- FORECLOSURE How many times have you heard someone mention Short Selling a home in the recent real estate market?  Why would you want to Short Sell your home?  Are you behind on mortgage payments and owe more than the market value of your home?  Short Sale MAYBE the solution, but have you considered all your options? First things first, the loan modification should be the first option you consider. Chico Real Estate                                                                    LOAN MODIFICATION: A Change in interest, term or loan principal resulting in reduced payments. You as the homeowner may contact your lender.  Mos...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
Chico Real Estate / Current Market Statistical Report,  October 31, 2009   The following  statistical information is representative of the real estate market of Chico Real Estate  and certain urbanized areas immediately surrounding the City.       The Current inventory of Single Family Chico Real Estate is as follows:                                             PRESENT INVENTORY/STATUS 350  Active Residential Listings 110  Pending Sales 73  Sold previous 30 days 27  Short Sale Listings   2  REO listings 14  Short Sale /REO Listings                                                                                                                        2009 YEAR TO DATE MARKET PERFORMANCE                                                               620 Homes Sold Year to Date           SEA...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
CHICO REAL ESTATE 2009 YEAR END TAX STRATEGIES AND ENERGY SAVINGS As we near the end of 2009 this is a great time to consider year end tax planning.  Federal Home Energy Tax Credits and recent technology advances in heating,cooling and renewable energy equipment have created a Win-Win opportunity for the home owner.  The pay back available by combining energy savings and the Federal tax credit can be shortened considerably.  The actual pay back time will  depend on the home's present source of energy. Chico Real Estate                                                 U.S. Internal Revenue Service News Release People can now weatherize their homes and be rewarded for their efforts. According to the Internal Revenue Service, homeowners making energy-saving improvements this fall can cut th...
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November 3, 2009 Finally!  We've made it to the #1 home buyers mistake that can cost you:Waiting for the market to improve or not buying at all. No one can can read the future and knows exactly where the market is going, so trying to time your home purchase with the bottom of the market is probably not the best idea. If you're financially (#1) ready and have compelling reasons for owning a home (i.e. it would save money in the long run because you are paying more for rent, you need more space with your growing family etc.) then it's probably a good time to buy. Just think: all the time you spend procrastinating on purchasing a home, you could be building equity, getting tax deductions and enjoying the many other benefits of home ownership! Just remember-when you are signing a home loan ...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
Chico Real Estate / Current Market Statistical Report,  October 31, 2009 The following  statistical information is representative of the real estate market of Chico Real Estate  and certain urbanized areas immediately surrounding the City.     The Current inventory of Single Family Chico Real Estate is as follows:                                             PRESENT INVENTORY/STATUS 333  Active Residential Listings 177  Pending Sales 42  Sold 26  Short Sale Listings   2  REO listings 17  Short Sale /REO Listings                                                                                                                         2009 YEAR TO DATE MARKET PERFORMANCE       597 Homes Sold Year to Date      Source:   SNVMLS October 31, 2009, Chico Real Estate      30 Days Remaining for capt...
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October 27, 2009 Having a back-out plan is a must for smart home buying. If the home has an irresolvable flaw, it doesn't appraise for the purchase price, or your lender refuses to fund your loan, having contingencies on your contract gives you the right to cancel the transaction. Think about it this way: would you spend $100 in a store that doesn't have a 30-day return policy? If your answer is no, you wouldn't want to put hundreds of thousands of dollars on the line without the right to bail. This is why it is important to have a real estate agent working for you that understandings all of the ins and outs of real estate.  Make sure that you have contingencies on your offer.  Some typical contingencies are: that the home inspections comes out smoothly, a contingency that your house wi...
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By Steve, Joel & Steve A. Chain
(Chain Real Estate Investments & Mortgage, Steve & Joel Chain)
Calling All 1st TIME BUYERS, Chico Housing Downpayment Assistance, Chico Real Estate Chico offers a Mortgage Subsidy Program (MSP) to provide downpayment assistance. The amount of the subsidy is 10 to 30% of purchase price. This program is available only for Ist Time Home Buyers. This is a remarkable opportunity for homeownership in Chico.  CHAIN REAL ESTATE INVESTMENT & MORTGAGE and CHAIN ENTERPRISES have combined services to provide 1st Time HomeBuyers In Chico with the opportunity to apply the Chico Mortgage Subsidy Program  to the purchase of a brand new site built home.  We know of no other program quite like this with CHICO REAL ESTATE.                                                             The property must be located within the City of Chico or within the Redevelopment Zone...
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