Chico, CA Real Estate News

By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
    by Mike Wiegert While the rest of the world continues to shroud itself in a cloak of doom and gloom, our Chico real estate market appears ready, able and willing to go to the 15th round. All type of media ranging from the daily newspaper to “expert” fiscal commentaries on various internet news services to regional and local blog sites are all assuming the role of a sort of economic Edgar Allen Poe. I can’t speak for everyone, but I’m not just tired. I’m exhausted, wiped out and drained by all the tales of woe that doomsayers consider newsworthy. It’s time to stop assuming that just because a home down the street went through a foreclosure that this is the end of Chico real estate as we know it. As pointed out in previous “moments”, foreclosure sales nationwide only amount to seven t...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
by Mike Wiegert  (Sandi's broker at Chico Homes) There’s a lot of talk in the news these days about the end of the housing slump, home prices stabilizing and increases in real estate sales activity in the West. Last week while speaking at a banking conference in Tokyo, former Federal Reserve Chief and guru Alan Greenspan announced that he expects an end to the drop of U.S. home prices by early in 2009. Greenspan added that as housing inventory is reduced, “it is very likely that home prices will stabilize well before that.” In nearby Sacramento county, an area among the highest in U.S. foreclosures, a recent survey of 1200 residents indicated that 63 percent believe that now is a good time to buy a home. The study conducted by Sacramento State University’s Institute for Social Research ...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
by Mike Wiegert  “Mortgage Meltdown” or “current mortgage crisis” are terms we commonly hear these days to describe an astonishing lack of real estate financing options. 100 percent financing, stated income and loans for borrowers with marginal credit, once common two or three years ago are now a thing of the past. In fact, these frivolously used loan programs were largely responsible for the hyperinflation in real estate prices seen during the first five years of the new millennium and the now subsequent alarming rate of foreclosures and short sales. Due to a lack of “easy” financing programs, we’re starting to see some of the creative techniques of home selling once popular in similarly slow real estate markets creeping back into use. One of the most commonly used methods of acquiring...
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By Scott Gormley
(Oak Valley Mortgage-California Home Loans and Refinancing)
Are you looking to refinance a home in Chico, California? If so, feel free to give me a call! My name is Scott Gormley, Broker/Owner of Oak Valley Mortgage and I thank you for considering Oak Valley Mortgage to represent you in one of the largest decisions of your life! We offer home purchase,refinance and debt consolidation services throughout all of California. I graduated from California State University, Chico, with a degree in Business and Marketing. I was the 2006 Chairman of the Chico Association of Realtors Affiliate Committee and I have been committed to our community through fundraisers and events in appreciation for what Chico offers in return, a great lifestyle. I've written weekly articles for over 2 years in the Enterprise Record's "North Valley Real Estate Guide", labled ...
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By Scott Gormley
(Oak Valley Mortgage-California Home Loans and Refinancing)
Are you looking to purchase a home in Chico, California?If so, feel free to give me a call. I have a great network of local real estate professionals to help you through the home purchase and loan process. My name is Scott Gormley, Broker/Owner of Oak Valley Mortgage and I thank you for considering Oak Valley Mortgage to represent you in one of the largest decisions of your life! We offer home purchase,refinance and debt consolidation services throughout all of California. I graduated from California State University, Chico, with a degree in Business and Marketing. I was the 2006 Chairman of the Chico Association of Realtors Affiliate Committee and I have been committed to our community through fundraisers and events in appreciation for what Chico offers in return, a great lifestyle. I'...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
  by Mike Wiegert So life takes another turn and now it’s time to get down to the business of selling  your Chico home.  You’ve been told that you should interview three or more Realtors to determine who is most suitable to accompany you on your journey.  Your agent needs to be honest, knowledgeable, experienced, successful and above all, your advocate when dealing with a buyer.  Your deductive reasoning tells you that you want to interview one agent who has worked with someone you trust.  Another inner voice tells you to call the largest company in town and get their top producer.  Maybe a third option is that nice Mr. X down the street who waves every morning. Now here come the Chico Realtors with their smiling faces, newly pressed business suits and freshly washed luxury cars.  Oh go...
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By Jeanean Gendron, Specializing in Selling Unique Properties
(The Address Realty)
Lauri Gibson and Jeanean Gendron are pleased to announce our expanded service for helping our clients with short sales. We will now be able to provide expanded services to Butte, Tehama, Siskiyou, Trinity and Shasta counties. We have partnered with BSG3 to provide our clients with a stronger negotiation base to work with lenders in getting short sales approved. We feel that this will provide us the leverage and resources needed to effective leverage the relationships that BSG3 has with the lenders they work with across the nation and provide us with a knowledge base that will benefit our clients. We are excited about the expanded services we will now be offering to our clients.We are pleased to announce these new resources and our ability to help our clients through this difficult real...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
Out of the Darkness, by Mike Wiegert I don't think that anyone that follows Chico, statewide and national real estate news can deny that our Federal legislators are taking huge strides to contain the faltering real estate market conditions. Once again last week, our government stepped forward in an effort to help American homebuyers understand the complex and confusing terms of real estate mortgages, thereby enabling these homebuyers to more effectively shop for the most important investment of their lives. Department of Housing and Urban Development (HUD) Secretary, Alphonso Jackson has announced a proposal that will reform the 30 year old Real Estate Settlement Procedures Act (RESPA), thereby improving disclosure of loan terms and closing costs borrowers pay when buying or refinancing...
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By Laura Burghardt
(W. M. Campbell Real Estate)
Don't miss the 22nd Annual Home, Garden & Antique Show March 15 & 16, 2008, 10am-5pmSilver Dollar Fair Grounds in Chico!Produced each year by Soroptimist International of Chico, this fundraiser allows the club to continue providing community service in many areas. (Please check out the SI Chico website for more information about this great show and the services provided by this wonderful organization.) This year's show is "going GREEN" and will be better than ever, featuring food demonstrations (with delectable samples!) by some of Chico's best eateries, creative ideas for landscaping, outdoor living, home improvement, decor, a fun "Kidz Corner," antiques, and a fabulous art and wine tasting area. All this AND a classic car and hot rod expo! See you there!
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
by Mike Wiegert, broker Chico Homes Real Estate  A bill that is now pending before the California full Senate would make it possible for California taxpayers to avoid paying taxes on forgiven mortgage debt through a short sale, short sale payoff or other loan modifications. Senate Bill (SB) 1055, authored by Sen. Michael J. Machado, passed the Senate Revenue and Taxation Committee on an 8-0 vote. The measure would help California taxpayers whose lenders have forgiven a portion of their mortgage debt, by allowing them to exclude the forgiven debt from their incomes for state income tax purposes. Under existing state tax law, forgiven debt on mortgages is taxable to the borrower as ordinary income for the year in which the debt is forgiven. OUCH!Think about it. You’re already in financia...
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By Laura Burghardt
(W. M. Campbell Real Estate)
 Simply our favorite coffee shop/eaterie/office-away-from-office, BIDWELL PERK! Located in the heart of Chico (on E. 1st Ave., near the corner of Mangrove), this lovely and thriving vendor of fine caffeinated products and delectable edibles offers free wi-fi and plenty of seating in a warm and inviting atmosphere. No wonder the "Perk" enjoys such a devoted clientele!
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By Laura Burghardt
(W. M. Campbell Real Estate)
What is lovelier than Chico in springtime? Well known as one of the best almond- (or "a-min," rhyming with "salmon," as locals pronounce it) growing areas in the world, Chico and the surrounding agricultural areas are virtually bursting with white and pink blossoms. In addition to the nut trees, we're being treated to flowering displays by Bradford (ornamental) pears, ornamental cherry trees, and various bulb beauties. (My mom and dad's neighbors probably wondered what the heck I was doing stretched out flat on my belly on their front lawn when I was photographing these gorgeous daffodils!)   
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
  Imagine yourself in this scenario. You have been searching high and low for what seems like FOREVER, for the "perfect" new home. You have scoured the glossy magazines available in your local supermarket. You've been scrambling to read the classifieds first thing every morning. As a sophisticated house hunter, you have spent hours upon hours pouring over every website in your local area. You even check Craigslist, Localism, and Zillow. Come to think of it, you know the listings in your price range better than your favorite Realtor!  After a LOT of effort, the day finally comes when you find IT.    The perfect house.    Your new house is in the right Chico neighborhood. It faces just the right direction for optimal sunlight. It has the right yard for the kids and dogs and stuff. The car...
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By Laura Burghardt
(W. M. Campbell Real Estate)
Today in Chico the First Annual "Tour de Ed" fundraiser was held to help raise money for the Chico Cyclist Care Fund (recently created to help cyclists who sustain injuries while bicycling). This fundraising bike ride is named for Ed McLaughlin (pictured), local bicyling legend, who suffered a severe spinal injury on Dec. 21, 2007, while riding through our beautiful Bidwell Park. A man who "walks his talk," Ed hasn't owned an automobile since 1982 (the year my younger son was born and, interestingly, the year the Greenline was established in Chico, protecting farm land on Chico's west side by separating urban and agricultural areas.), and has been a tireless advocate of bicycling (founder of Chico Velo Cycling Club) throughout his years in Chico. Largely through Ed's efforts, The Leagu...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
   Economic Stimulus or Stagnation?         by Mike Wiegert After months of hopes and expectations our legislative and executive branches of government have come together to approve the economic stimulus package containing higher mortgage limits for both FHA and FNMA/FHLMC mortgages. Although this is certainly a step in the right direction, what affect does the new bill really have on our local and regional real estate economy?In many instances, particularly in California we will see that the plan will provide limited benefits to specific geographic areas. The bill sets the FHA and conforming (FNMA/FHLMC) loan limits to the lesser of $729,750 or 125% of an area’s median home sales price. If 125% of an area’s median home sales price is below the current conforming loan limit of $417,000 ...
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
   Business, for me, sometimes gets so crazy I feel that I’m barely keeping my head above water. Every couple of months, it just seems to hit all at once! I find myself working 12-15 hour days just to stay on top of the details. As much as I’ve disliked not attending to my blog regularly the past couple of weeks, I’ve had several critical transactions in front of me that necessitated my full attention. 24 hours a day doesn’t seem quite enough, let alone leave time to do any blogging! I’ve worried a great deal about what my peers and readers must be thinking when I disappear from the blogosphere.Keep reading!  Click here....  
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
   Chico Residential Listings SOLD! $165,000 1401 SANTA CLARA AVE 1161 sqft $220,000 330 W 14TH STREET 1300 sqft $231,500 689 E 18TH STREET 2000 sqft $285,000 1196 #B FILBERT AVE 1173 sqft $285,000 1300 CHESTNUT ST 1280 sqft There were a total of 16 properties sold last week...  for the complete list visit The Pink Couch!  Want to see your Chico property listed up there in the “SOLD!” section? Contact me for a no obligation, Comparative Market Analysis to find out what your house may sell for. Ask me about my internet marketing plan! My direct number: 530-864-5407. Email: sandibauman@sbcglobal.net.  
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By Sandi Bauman, Chico CA Realtor
(Chico Homes Real Estate)
   Chico Residential Listings SOLD! $165,000 1401 SANTA CLARA AVE 1161 sqft $220,000 330 W 14TH STREET 1300 sqft $231,500 689 E 18TH STREET 2000 sqft $285,000 1196 #B FILBERT AVE 1173 sqft $285,000 1300 CHESTNUT ST 1280 sqft There were a total of 16 properties sold last week...  for the complete list visit The Pink Couch!  Want to see your Chico property listed up there in the “SOLD!” section? Contact me for a no obligation, Comparative Market Analysis to find out what your house may sell for. Ask me about my internet marketing plan! My direct number: 530-864-5407. Email: sandibauman@sbcglobal.net.  
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By Suzi Enders, Paradise California Realtor
(North Star Real Estate)
If you haven't read the ChicoER this week, you may have missed hearing about Chico going nuts this week.  Between February 21st - 24th, the California Nut Festival is going on in Chico.   With special events in downtown Chico businesses.                                                                  The Black Crow & Taproom at 209 Salen St. has chef demonstrations featuring Nut entrees.  Drop by Bird in Hand at 320 Broadway on 2/23, they are hosting Children's Bee Storytime at 11:00 am.  Besides the wonderful Bee Storytime, browse the many items like bee jigsaw puzzles, bee costumes, maisey jane's Sunshine nuts samplings, walnut yo yo's and walnut wooden bowls.  If Almond and bee related floral arrangements call you, stop by Christian & Johnson at 250 Vallonbrosa Ave.                 ...
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By Laura Burghardt
(W. M. Campbell Real Estate)
North State Symphony Tonight I had the pleasure of attending the North State Symphony "Dance Mix" concert at the CSUC Laxson Auditorium. This concert was beautifully performed by accomplished musicians from throughout Northern California and masterfully conducted by Music Director Kyle Wiley Pickett. The program included a concert tango called Tangazo by Astor Piazzolla, an extended suite from Swan Lake by Peter Tchaikovsky, Slavonic Dances by Czech composer Antonin Dvorak and Hungarian Sketches by Bela Bartok. I had the privilege of hosting one of the musicians (viola) for the weekend in my Chico home. How wonderful to have such powerful, professional performances offered right here in our little Northern California community!
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