Sellers Guide Archive

Who Wants to Lower Their Energy Bill?

The California Energy Commission started a statewide program called Energy Upgrade California to help homeowners lower their energy use and at the same time lower their energy bills. The program will provide up to $4000 in incentives and rebates for you to make energy efficient modifications to your home. Visit the Energy Upgrade California website for more information to see if you qualify.

Tim Sartori is a Buyer Specialist with The Sartori Team of Keller Williams Realty. Email: tim@thesartoriteam.com

Home Page Feature Photo Credit: Nioxxe

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House for Sale: 2533 Topaz Drive in Novato, CA Virtual Tour


This 3 bedroom/2.5 bath home located in the Bahia neighborhood of Novato, CA offers a large living room overlooking the back deck with a beautiful view of the lagoon for all your entertaining needs. This home is coming on the market soon brought to you by The Sartori Team.

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Property Disclosure Halloween Style in Sonoma County

Property disclosure is one of the most talked about subjects when buying a home. However, in the spirit of Halloween you should be aware of an often misunderstood and overlooked property disclosure subject, death on the premises. Most people don’t know that some cultures will refrain from purchasing a home where a death is disclosed. This makes it a property disclosure that needs to be talked about more often.

So, what does California Civil law say needs  to be disclosed to a buyer?

California Civil Code Section 1710.2 states, No cause of action arises against an owner of real property or his or her agent, or any agent of a transferee of real property, for failure to disclose to the transferee the occurrence of an occupant’s death upon the real property or the manner of death where the death has occurred more than 3 years prior to the date the transferee offers to purchase, lease, or rent the real property, or that an occupant of that property was afflicted with or died from AIDS.

In other words, the law states that all deaths on the premises within 3 years should be disclosed except if the death occurred due to AIDS. You can still disclose that there was a death but you can’t disclose if it occurred due to AIDS. So, this means that if the death occurred more than 3 years ago and there was a failure to disclose a buyer cannot successfully sue.

So what’s a Realtor® to do….

1)      To be safe always have your seller disclose all known deaths within 3 years of an offer to buy, lease or rent property.

2)     Regarding a notorious death (murder or suicide) you should always advise your seller to disclose even if it was 4 years ago.

3)     In every case, though, an agent must answer all questions truthfully.

So what’s a homebuyer to do…

1)      It never hurts to ask. You should ask the seller and their Realtor® if there was a death on the property within the last 3 years.

2)     And as always, if you have any questions throughout the home buying process you should ask your Realtor®.

It may be awkward at a first to bring this property disclosure subject up but when buying your home it never hurts to be “over informed”.

Now that we lifted your Haloween spirits ;) go have a fun and safe Halloween.

Trick or Treat from The Sartori Team

Feature Photo Credit: peasap

Post Photo Credit: lobo235

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Free Financial Help for Homeowners in Petaluma

Just caught wind of a great opportunity for homeowners in Sonoma County facing financial difficulties to get free help. The conference, which will include HUD-certified counselors and experts to discuss debt, budgeting and public resources, will happen Saturday, October 2nd. It will be located at San Antonio High School in Petaluma @ 500 Vallejo Street from 11AM-3PM.

The event is being sponsored by COTS, Petaluma People Services Center and the Petaluma Adult School. To set up an appointment with one of the HUD counselors follow the instructions on the home page of the COTS website. See the link above.

If you are facing any sort of financial difficulty with your home please do not be bashful. This is the time to get any sort of help you can. Besides food will be provided and who doesn’t like free food.

Thanks!

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What Your Pool Means to You and Others?

I feel like most of us had that one cool friend when we were younger who had the pool in their backyard. Maybe you were that cool friend, who had all the pool parties that everyone wanted to go to. However, this economy is now making home buyers think twice about pools.

An article from REALTOR® Magazine titled, “Are Pools Worth The Expense” by Melissa Dittmann Tracey, states that on average pools can cost between $3,000 to $5,000 a year in maintenance costs. While I think that might be a little on the high side it stands to reason when you factor in safety precautions if you have children or if something goes wrong with the pool.

Gone are the days that most home buyers can afford wants in addition to needs. Home buyers are paying ever more attention to the cost of owning a home which means pools are falling by the wayside. Just about a year ago there was a home for sale in my neighborhood that had a pool in the back. After talking with the Realtor® we found out that most objections to the home was the pool. I don’t know the specifics behind it but the home ultimately didn’t sell.

As with most things in life there are upsides and downsides. Pools may have some costs associated with them but they do provide entertainment and joyful memories for most. I know I still have fond memories of the pool parties I went to as a kid. It may be a little more difficult nowadays to sell a house with a pool but there is usually someone out there who would be willing to pay for it for those added memories.

Thanks!

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New FHA Loan Standards

While I was holding an open house this weekend at our 66 Pamela Drive listing in East Petaluma I came across an interesting article on the Wall Street Journal website by Jennifer Waters titled “FHA Gets Tougher on Mortgages“. The Federal Housing Administration, FHA, insures home mortgages made by FHA approved lenders. According to the article the FHA uses its reserves to cover bad loans and in September 2008 they had $19.3 billion in reserves which has fallen to $3.5 billion now.

It’s this falling reserve and the want to “preclude a tax payer bailout” that has prompted the FHA to get stricter on its loan standards. I view this as a double edge sword for the public. On one edge of the sword you have the government and the FHA being proactive to stymie a tax payer funded bailout. Nowadays that’s a breath of fresh air. On the other edge of the sword this will likely make it more expensive for the general public to get an FHA loan adding a small stumbling block to an already slow recovery.

Be sure to check with your mortgage or loan consultant to see how these new rules can affect you.

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Behavior of Buying and Selling

Two things that often fascinate me are peoples behavior and thought processes when it comes to certain situations. I guess that’s why I’m a big fan of the show COPS :) This curiosity of mine led me to do a quick internet search on this subject and how it relates to your real estate market. I was able to find a very interesting article written by David Rout for the SmartMoney.com detailing some interesting points about our brain’s decision making in the real estate market.

The Psychology of Real Estate

There’s tid-bits of important information in there for both buyers and sellers and I hope you enjoy reading it as much as I did.

Thanks!

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