Chico, CA Real Estate News

By Ryan Vaught
(Ryan Vaught Real Estate)
July 27, 2009 Have your housing needs expanded along with your income? Are you are thinking about selling your property and looking for a new home? The transition can be accomplished smoothly by using a systematic approach. As part of your selling strategy, it is advantageous to have your present house under contract before you begin a serious search for a new home. This will make you attractive to sellers in two ways. You won't have to include a contingency in your offer to cover the sale of your present home. You will strengthen your negotiating position by improving your financial circumstance with an accepted offer. In a situation where there are multiple offers on the new home, the chances of your offer being accepted are better if it isn't dependent on selling another house before...
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By Ryan Vaught
(Ryan Vaught Real Estate)
July 22, 2009 If you are selling your home and it has been on the market for several months, you might start to wonder why it just isn't moving. How can you introduce some extra energy into the sale?The first thing you should do is have a frank talk with your real estate agent in order to get feedback from prospective buyers who have seen your home, and other agents who have shown it. Does your home look its best? Is it accessible for agents to show on short notice? Is the price in line with the rest of the market? Do you need to consider neutralizing any strong decorating features that may not have wide appeal? Getting your home sold is a collaborative effort between you and your real estate agent. It is important for your agent to market your property aggressively, but you must do you...
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By Ryan Vaught
(Ryan Vaught Real Estate)
July 15, 2009 This blog is a continuation from Monday, July 13th's blog.  Check out Monday's blog for the first 5 tips. Everyone knows if they have moved that moving is not only tedious but it can be quite pricey.  Especially if you are moving a good distance.  Here are some great tips I found from the website www.frontdoor.com on how you can help to cut moving costs.  Make sure to check back later this week for even more tips! You're moving into a new home, your pockets probably feel pretty empty right now. You've just paid a down payment, closing costs and broker fees, so the last thing you want is an expensive move. Lucky for you, we've got tips to help you pack up and ship out on a budget. 6. Ask questions to unearth hidden moving costs.Even legitimate movers might not spill all the...
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By Ryan Vaught
(Ryan Vaught Real Estate)
 July 13, 2009 Everyone knows if they have moved that moving is not only tedious but it can be quite pricey.  Especially if you are moving a good distance.  Here are some great tips I found from the website www.frontdoor.com on how you can help to cut moving costs.  Make sure to check back later this week for even more tips! You're moving into a new home, your pockets probably feel pretty empty right now. You've just paid a down payment, closing costs and broker fees, so the last thing you want is an expensive move. Lucky for you, we've got tips to help you pack up and ship out on a budget. If you don't need it, don't pay to move it. Movers base their prices on what you're shipping, so cutting down on clutter will simplify your life and lighten up the load in the moving truck. We're tal...
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By Dean Gaskey
(Rancho Chico real estate)
First time home buyers dont wait to long to purchase a home. Market is heating up in the $ 250k range. Take advantage of the $ 8,000 credit before 12/1/09.www.chicojustlisted.com
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By Ryan Vaught
(Ryan Vaught Real Estate)
July 7, 2009 Here are the top 5  secrets of 10 (check last weeks blog for #6-#10) to selling your home.  They are from a recent article I found on HGTV's website under the Real Estate section: http://www.hgtv.com/real-estate/10-best-kept-secrets-for-selling-your-home/index.htmlThey are some great, practical tips.  Take one idea, take a couple, take them all if you really want to make your house a "hot item"! Selling Secret #5: Don't over-upgradeQuick fixes before selling always pay off. Mammoth makeovers, not so much. You probably won't get your money back if you do a huge improvement project before you put your house on the market. Instead, do updates that will pay off and get you top dollar. Get a new fresh coat of paint on the walls. Clean the curtains or go buy some inexpensive new ...
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By Ryan Vaught
(Ryan Vaught Real Estate)
June 30, 2009 This is a recent article I found on HGTV's website under the Real Estate section: http://www.hgtv.com/real-estate/10-best-kept-secrets-for-selling-your-home/index.htmlThey are some great, practical tips.  Take one idea, take a couple, take them all if you really want to make your house a "hot item"! Selling Secret #10: Pricing it rightFind out what your home is worth, then shave 15 to 20 percent off the price. You'll be stampeded by buyers with multiple bids - even in the worst markets - and they'll bid up the price over what it's worth. It takes real courage and most sellers just don't want to risk it, but it's the single best strategy to sell a home in today's market. Selling Secret #9: Half-empty closetsStorage is something every buyer is looking for and can never have ...
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By Ryan Vaught
(Ryan Vaught Real Estate)
Monday, June 29Your agent calls to say he is bringing prospective buyers to see your home at 2:00 p.m. You quickly straighten up the house and run the dishwasher. What should you do then? If you have to let them into the house--then take a drive or walk the dog!Many owners think they should linger close by while their home is being shown. They are afraid that the real estate agent might miss the storage shelves in the basement or forget to point out the beautiful new floor in the kitchen. It is better for the agent to miss something than for you to be ushering the buyers around, so resist the temptation to stay while your house is being shown.Buyers usually base their decision to buy on an attraction that often has more to do with emotions than pure logic, and a lot goes on between buye...
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By Ryan Vaught
(Ryan Vaught Real Estate)
June 23, 2009 Sometimes the need for a move is obvious. For example, if your work requires you to transfer to a new city, you know it is time to relocate to a new home. The impact of other life changes, such as having twins, your last child leaving home, or a big salary increase, may not be so obvious.When you notice that your house or condominium is no longer serving your needs, it may be time to call in a professional real estate agent for some expert advice. Your agent may suggest that you remodel your present home or find one that is more suitable to your current lifestyle.If you decide that a move is necessary, what should you consider before listing your present home for sale and beginning the search for a new one? You will want to know how much you can expect to get for your pres...
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By Ryan Vaught
(Ryan Vaught Real Estate)
June 22, 2009 There's no doubt about it--the kitchen is one of the most important rooms in the whole house for many prospective buyers. Smart sellers will take a close look at how they can make their kitchen a real asset when it is time to sell.Your kitchen doesn't need to be state-of-the-art to be attractive. The first step toward enhancing your kitchen's appeal is a thorough cleaning. This includes scrubbing the walls, cabinets (inside and out), floors, and appliances. Keep the counter tops as clear as possible of small appliances and gadgets. Consider low-cost improvements which can make a big difference, such as a coat of paint, fresh wallpaper, or new floor covering. Be sure to keep the kitchen sparkling when the house is being shown. This means no dirty dishes in the sink or moldy...
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By Ryan Vaught
(Ryan Vaught Real Estate)
May 21, 2009 Thinking about buying a home in Chico?  If you are familiar with the area or not, here are some more good things to consider when house hunting.  Check yesterdays blog for more things to consider. 3. Type of Housing:Do you see yourself living in a condo, a duplex or a single family home?  Maybe you don't have a preference, but if you do make sure to let your Realtor know what you are looking for.  Make sure to consider any extra fees that housing such as condos has.  Also, larger housing developments, such as California Park have annual HOA dues, that aren't super pricey but it all adds up! 4. Time Frame:Make sure to start your house hunt by figuring out how much time you have to find a house.  Maybe you already live in Chico and just want to move within town.  In this case...
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By Ryan Vaught
(Ryan Vaught Real Estate)
May 20, 2009 Thinking about buying a home in Chico?  If you are familiar with the area or not, here are some good things to consider when house hunting: 1. Location, Location, Location:Where do you want to be located in Chico?  Downtown, close to the park, close to the mall, close to relatives, close to work...this is an important question to consider.  2. Price Range:Know your price range.  Take the time to sit down with a realtor and/or mortgage broker and figure out what exactly is your "price point" or the highest price you are willing to spend on a house.  STICK TO IT! If you don't you will end up just wasting your time and your realtors time looking at homes you really can't afford. There are typically areas or pockets in towns that have houses in a certain price range.  For examp...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
Craigslist fraud. Who are the victims? I posted an ad on Craigslist last week for a wonderful home I have listed at 2617 Lakewest Drive in California Park, Chico CA. The house is FOR SALE with a listing price of $342,000.    Some industrious individual STOLE my photos of the home, my description of the property, my name, my personal photo, and my phone number to create a flyer advertising the house as a rental. He or she added this email address: baumansandi@yahoo.com, which is not mine, but certainly looks like it could be mine. Why the person used my phone number, I'll never know. But thanks to that ingenious inclusion, I must have received an additional 150 phone calls over two days time. My phone already rings off the hook day and night, so the increased volume almost put me over th...
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By Ryan Vaught
(Ryan Vaught Real Estate)
Many people have questions about how the federal housing tax credit for first time homebuyers works.  Here is an answer from http://www.federalhousingtaxcredit.com/2009/faq.php#2 to a popluar question: Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2009 tax return?Yes. Prospective home buyers who believe they qualify for the tax credit are permitted to reduce their income tax withholding. Reducing tax withholding (up to the amount of the credit) will enable the buyer to accumulate cash by raising his/her take home pay. This money can then be applied to the downpayment.Buyers should adjust their withholding amount on their W-4 via their employer or through their quarterly estimated tax payment. IRS Publication 919 contains ...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
This is a question I hear EVERY day! The simple answer: The Chico Foreclosure Hotsheet button on Sandi Bauman's "The Pink Couch" blogsite. Look for the hot pink button on the left. Check it out by clicking on the link above. Also find foreclosure information for Paradise, Orland, Oroville, Willows, Magalia and surrounding areas. Need more? Foreclosures: What you should know BEFORE you make an offer, Part 1 Foreclosures: What you should know BEFORE you make an offer, Part 2 Foreclosures: What you should know BEFORE you make an offer, Part 3 Chico, California Foreclosures and West Nile Virus How Much Should I Offer On A Foreclosure Listing?   The Sandi Bauman Team is highly specialized in listing and selling foreclosure properties in Butte, Glenn and Tehama Counties. As one of the top REO...
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By Ryan Vaught
(Ryan Vaught Real Estate)
 May 7, 2009 Check out this comprehensive list  I found from www.frontdoor.com to get a better idea on how much it will really cost you to sell your house. When selling your home, it pays to look at the complete financial picture so you are ready to deal. Make a list of the costs of selling your house including: Realtor CommissionThere's a 4 percent to 7 percent commission on the sale price of the house if you opt to go with an agent. Usually this rate is between 5 percent and 6 percent, but it can go as high as 10 percent on vacant land deals. It's a considerable amount of money. If you sell your house for $300,000, the standard 6 percent cut for the agent will be $18,000. Closing CostsThese can add up to 2 percent to 5 percent of the purchase price and include title transfer, any coun...
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By Ryan Vaught
(Ryan Vaught Real Estate)
May 6, 2009 Getting yourself prepared to purchase a new home takes planning. When you currently own a home and need to sell the current home as well as purchase, the planning of the sale and purchase can be best managed with diligent consideration of the following items: •1.   Realistically pricing your current home based upon the comparable homes that have recently sold in a similar location with similar amenities and upgrades •2.   Do not price your current home based upon what you would like to purchase •3.   Consult a mortgage loan officer to understand your financing options:                   Interim financing                   Conventional financing •4.   Understand the current marketplace by talking to your realtor:                 What is the average time on the market for home...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
I, like so many others, have become entranced by the photographic stylings of John Peters, Chico photographer. John has dedicated more than 3 years and 15,000 photos to a project focused on capturing the essence of our own Bidwell Park. John's photographs featuring Salmon Hole, the fish ladders at One Mile, Iron Canyon, Big Chico Creek, Horseshoe Lake, and local wild and plant life intrigue viewers from all over the world. He has been extraordinarily generous in allowing me to share his work here for both local residents past and present to enjoy, as well as individuals considering relocating to the beautiful Chico, CA area. My goal for this work is that it may help to inspire a renewed sense of appreciation in our community for Bidwell Park and help to develop a clear plan to sustain a...
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By Ryan Vaught
(Ryan Vaught Real Estate)
 May 1, 2009 Buyers can be a little cranky on closing day if things go wrong during the walk-through inspection. For example, the sellers' dependable old dishwasher might stop midway through its cycle and the bathroom sink might clog unexpectedly. These situations can create anxiety for the buyers and sellers, but such problems are quite common and usually simple to resolve.Most purchase agreements require that the major mechanical systems and the appliances being conveyed are in working order at the time of the closing. Defects are often discovered during the structural inspection, allowing the sellers plenty of time to have the repairs made. Occasionally there are last-minute breakdowns or defects that are not spotted until the walk-through inspection. In that case, an agreement can b...
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By Ryan Vaught
(Ryan Vaught Real Estate)
April 29, 2009 Here's a funny for your Wednesday from http://realestatejokes.nationalrealtorsdirectory.com/index.php Realtor to First Time Homebuyer: First you folks tell me what you can afford, then we'll have a good laugh and go on from there. Yeah it's funny, but I do find it to be true too!  Many times when folks are looking for their first home they have unrealistic expectations of what they can afford.  They might be able to roughly calculate what their monthly mortgage would be for houses they think they can afford, but oftentimes they are leaving out other monthly costs associated with buying a home.  Here are a list of some commonly "forgotten" costs to consider when deciding how much you can really afford to pay for your first home:                Insurance                Taxe...
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