If you’re thinking of moving from Marin to Santa Barbara, we can help you. Or, if you’re looking for a quality investment property or second home we can help you with that too!
Two years ago my wife and I moved to Santa Barbara and have gone to work for Coldwell Banker in Montecito, California. We thought Marin was Paradise (and it is), but we’ve found Santa Barbara to be heaven. The climate here is amazing, and the natives are friendly!
REAL ESTATE WEB SITES FOR SALE:
(If interested contact Mark Lomas at 805.845.2888)
* Stop reading now if you are even remotely humor impaired or comedically challenged!
Yesterday’s man or woman used to think, “if I need to find someone this way, I’m already lost!” But today, someone might say, ” I don’t have enough time to drive around and look at all the open houses/a potential homebuyer’s version of “speed dating”, so maybe I can use this service!”
We’ve all seen those ads for E-Harmony - where this scary looking guy comes out and tells us how great his dating service is, and then tries to convince us that it’s all scientific, and that people are matched on 92 points of compatibility! Yeah, right … E-Harmony people are just regular folks like yourself, not circus freaks, drooling sexual perverts, or couch humping Scientologists. (Perish the thought) The product of your union wil be an “Everlasting Love!”, not some head revolving, vomit spewing, bed wetting, priest cursing, ungrateful devil child, that you’ll have to support till you’re 18. (okay, maybe I have some issues) But … if you’re still a hopeless romantic, a word of advice … look beyond the curb appeal! Speaking of which … matchmaking and the promise of finding that perfect property is also here today!
No doubt every prospective buyer, seller, and real estate agent has heard of the Multiple Listing Service. The real estate agent’s “on the make” equivalent of a dating service. Real estate agents even have their own codes to help inform potential suitors. Possibly E-Harmony might want to implement this kind of methodology, as you’ll soon see, into their 92 reasons to run for the hills! (The following is gender specific … feel free to substitute whatever gender makes this PC for you … or not!)
*New: A new listing! The competition will be lining up for the first dance! A new listing has that “special glow!” … for now.
*Active: Active listing. This gals has been danced around, but so far, no one wants to marry her.
*DOM: Days on the Market. Everyone watches this number, like the date on a milk carton. It is an indication of freshness. The longer she sits on the shelf, the less desirable she becomes.
*CC: Contingent, but continue to show. She says she’s engaged, but there’s no ring on her finger - the “due diligence period.” The wedding may still be called off, especially if the finances don’t measure up!
*BOM: Back on the market. ewww…something could be wrong here. Definitely not a first choice. But if it’s 2a.m., and you’re drunk out of your skull and getting desperate, she might look pretty good. Of course, you may have to overlook that little hump, the lazy eye, and her spooky resemblence to Karl Malden.
*TW: Temporarily withdrawn. She’s not pretty, and she knows it. She realizes that if she wants more interest, she’s gonna have to get a face lift, fix herself up, start going to the gym, and maybe buy a wonder bra.
*EXPIRED: Listed, but never sells. She thinks she’s Paris Hilton, but she looks more like Yoda after a night of heavy drinking.
*PENDING: Okay, she’s bought the dress, had the rehearsal dinner, picked out the china pattern, and the wedding march has started. Potentially the groom can still back out and run screaming up the aisle. (Of course, such things usually only happen in the movies … still, there’s always the chance.)
*SOLD: They’re married! Happily? Who cares!? It’s re-harmony! (Cue music) ” This will be an everlasting love …”That is, till he discovers that she has a raging case of dry rot in her basement, terminal fung sway, and a sagging back porch.
Oh well …
Sausalito Tugboats with the Sleeping Maiden’s full figure in the backdrop(Mount Tamalpais)Marin County Real Estate Blog 2012
The proposed course for the 34th America Cup in San Francisco Bay.
The 2013 America’s Cup in San Francisco is touted to be the largest sporting event to hit American shores in the next 10 years! It’s already considered the third largest sporting event after the Olympics and World Cup soccer, and there’s been much chat about how big it’ll be when the Cup hits town starting with events on the bay next summer.
As actress Rose McGowan of Grindhouse, Scream and Jawbreakers fame prepared her Hollywood home for sale, a mixup between McGowan and her assistant as to which brownies to put out for the eight Realtors and various inspectors coming to the home, according to ContactMusic.com.
The agents apparently ate marijuana-laced brownies (“pot brownies”) after McGowan’s assistant put out the wrong batch of snacks. ContactMusic.com reports the assistant made the brownies for McGowan to try but mixed them up with the legitimate brownies.
McGowan said, “There were eight Realtors and inspectors coming to the house… and you have to get out of your house… and I notice there’s a big, huge plate of brownies that said ‘Enjoy!’ on the saran-wrap… and I just left, I didn’t think about it.”
She also noted that “At 4:30, I get a call from my realtor saying, ‘Erm, I’m at my parent teacher conference; was there anything in those brownies?’ I’m imagining all these poor people… high as a kite, like, ‘What the hell happened in Hollywood?’”
Founder and former CEO of ForSalebyOwner.com, Colby Sambrotto listed his 2,000 square foot New York condominium on his own through online classified ads and FSBO sites, but after six months, he opted to hire New York broker Jesse Buckler who immediately advised a price change as the listing was not attracting the right buyer.
After giving up on the DIY route, Sambrotto’s decision to hire a broker led to attracting multiple offers, closing for $150,000 over the original asking price. The Wall Street Journal reports the listing sold for $2.15 million including a 6% commission.
Many FSBOs turn to Realtors
The news stands as an enormous validation of the real estate profession and while some may tease, it is no laughing matter and the former FSBO CEO made a good financial decision.
AGBeat columnist Herman Chan said, “If people want to take a stab at For Sale By Owner (ie FSBO), go for it. But well over 80% of FSBO’s eventually have to list with an real estate agent to get their house sold. It’s harder than it looks!”
Not a new dilemma
Marlow Harris, Seattle Residential and Investment Consultant at Coldwell Banker Bain Associates told AGBeat, “The ForSaleByOwner.com founder’s dilemma is one we see quite often and is not unusual. Trying to sell your own property yourself or using a discount brokerage, is not the solution for everyone. Unusual properties, properties in the higher price range, these are more difficult to sell and often require specialization.”
Harris continues, “We see these choices across the board, from single family homes to huge housing developments. For instance, Vulcan, one of Paul Allen’s companies which has invested heavily in Redfin, does not use Redfin to market their many condominium projects. They use traditional real estate firms such as John L. Scott, Williams Marketing and Matrix Real Estate, finding that the do-it-yourself approach to real estate just doesn’t work for these types of sales.”
Although they can be stated in different ways there are only six factors that affect the sale of a home.
It is important for you, as the seller, to understand who or what has control over them and how they impact on each other.
You control 3 of the 6
The Market controls 2 of the 6
Your REALTOR® controls 1 of the 6
1. Price – You determine list price for your home. However, a list price above the market for homes similar to yours will impact negatively on buyer interest in making an offer. Your REALTOR® will review price history with you to assist you in making a list price determination. 2. Terms – Buyers have requirements just as sellers do. Your willingness to respect them and be willing to negotiate which terms will be acceptable to both parties can have a very positive impact. Price and Terms will usually be negotiated at the same time. 3. Condition – How well you have maintained the home will influence both your price and length of time to sell. The pool of buyers who are willing to make major repairs is much smaller than the pool of buyers who want a home that has been well maintained.
THE MARKET Controls
4. Timing – Economic conditions operate independently of price, terms and property condition. Similarly, seasons and weather factors can affect the time it takes to sell a home. 5. Competition – The number of homes on the market most certainly bears heavily on your ability to sell your home on a timely basis.
YOUR REALTOR® Controls
6. Promotion – From entry into the Multiple Listing System, to internet marketing and any other programs your agent will have an impact on your home sale.
Feedback from prospects who have visited your home
Changes in market conditions
Your willingness or ability to make adjustments in price, terms or condition based on the information provided will be the final determinant as to how quickly your home will sell. Any questions?
Let’s take a look at what is happening in Europe these days to understand why it’s key that the United States finds a solution to the debt ceiling issue. Not only have some European banks recently failed a stress test, but last week there was news that Greek, Italian, Portuguese, and French “credit default swaps” (which are insurance policies against default) were trading at record levels. While the European Union is continuing to work to contain Europe’s debt problems and prevent a default in Greece, these events carry a very important lesson for the U.S.
Why? Because solving our debt ceiling debate andfinding a long-term plan for lowering our deficit and being fiscally sound will raise confidence in our debt and help the U.S. keep its excellent AAA credit rating from the various credit rating firms like Moody’s and Standard and Poor’s. This will help investors continue to see the U.S. as a safe haven for their money, which is a key aspect of our continued economic recovery.
There was some good news last week for the housing sector, as June Housing Starts and Building Permits were both reported better than expected.
Political uncertainty caused volatility in the markets last week, which put pressure on the bond market and home loan rates.
The Tiburon Shoreline and Mount Tamalpais from Angel Island
It was the summer of 1972. A couple of years earlier Rosa Burke Perez had completed construction of the hillside home that she and her then-husband, Neil E. Davis, had built a few blocks from downtown Mill Valley. Winding circularly, this unique all-redwood house has no right angles, a dozen levels, and 18 stained glass windows.
On the afternoon of June 23rd, her youngest daughter’s 5th birthday, Rosa was saying goodbye to small party guests when the phone rang. It was Diane Nilson, an acquaintance who knew that in a week Rosa and her four children were traveling to Mexico.
“I know someone who might want to rent your house while you’re gone,” Diane said. “It has a lot of privacy, doesn’t it? Because they’re very famous. You can’t tell anyone…it’s John and Yoko.”
It turned out that Diane was a friend of Peter Bendrey, who had just driven John and Yoko on a two-week trip from New York to San Francisco. Now staying in a Japantown hotel, they had decided to rent a house for a month. Diane asked if she and Peter could come over that evening after a customarily late dinner with John and Yoko in Sausalito.
When Rosa answered the expected knock on her front door, there, to her astonishment, stood John Lennon.
“Hi, I’m John,” he said, as a group of five filed in. “This is Yoko. This is Peter…Diane…Elliot.” (Elliot Mintz, radio personality and press representative.) John was wearing a black jacket with a button that said, “I’m crazy.”
As Rosa gave them a tour of the house, her young daughters tumbled out of a bedroom. She introduced the girls, then remembered that she couldn’t reveal the names of her celebrated guests. She looked beseechingly at John, who introduced himself and Yoko as “Fred and Ada Schwartz.”
When they all stepped out onto the master bedroom deck, John gazed out and said, “It’s like living in a windmill. I always wanted to live in a windmill.” Elliot would later refer to it as The Windmill House.
After the tour they retired to the living room for almost an hour. A distinctly sweet smell soon filled the air. Peter did the rolling, and John was visibly appreciative.
The deal had been struck. Rosa would begin her Mexican vacation a couple of days early, and John and Yoko and Peter moved in on June 28th, 1972. On August 1st they autographed an album for their hosts and departed. When Rosa returned, she quickly checked to see if John had taken her hint: Having recently begun writing graffiti on her bathroom wall, she left pens handy. Something had indeed been added. In what looked like John’s handwriting were the words “The maya the merrier!” (‘Maya,’ Sanskrit for ‘create,’ means ‘illusion’ in Hinduism and Buddhism.)
Story by Rosa Burke Perez and Mark Lomas
Rosa’s email is: email@example.com
Rosa’s website is: www.rosacoloredglasses.com Without revealing the street in Mill Valley’s name…does anyone know the street this house is on?
Hint: Love All
Despite what appears to be a non-stop wave of tough news regarding real estate, four major media players have come out this month with the same advice: It Is Time to Buy a Home! Here are the four articles and a breakdown as to why the advice makes sense.
With prices continuing to depreciate in most regions of the country, some may wonder why these four entities are suggesting to their readership that now is the time to buy. Each organization realizes that PRICE is not as important as COST. The cost of a home can go up even if prices continue to fall. Unless you are an all cash buyer, you must take into consideration the expense of mortgaging when calculating the full cost of a home. Here is some information to consider.
Currently, interest rates sit at historic lows. However, Fannie Mae, Freddie Mac, PMI and the National Association of Realtors are all projecting approximately a 1% increase in mortgage rates over the next year. A one percent increase in rate negates a ten percent fall in prices.
The government has proposed a tightening of lending standards called Quality Residential Mortgage (QRM). If accepted as proposed two things will happen:
There is a reason more and more financial organizations are suggesting to their followers that now is the time to buy a home: because the cost of purchasing a home is about to increase (even if prices continue to fall).
If you’re thinking of buying or selling a home here in Marin County contact Mark Lomas at 415.435.1718 cell or email at MDLomas@gmail.com
On June 14, 2011 the Marin Independent Journal newspaper reported that,” The number of Marin single family homes sold in May dropped 12.4 percent to 169 from the same month a year ago and the median sales price dipped slightly to $775,000, according to new figures from the Marin County assessor’s office.
The number of houses placed “under contract” in May soared to a four year high of 231 – the highest figure since 232 contracts reached in May 2007. The figures suggest the May sales dip could be followed by a surge as contracts are closed in early summer.”
A curious phenomenon that’s taking place in Bay Area Real Estate right now is that rents are going up. Why? The answer is having a significant impact on Real Estate Sales. What’s going on? Right now the Banks have made qualifying for a mortgage so difficult that even well qualified buyers are throwing their hands up in frustration, and renting?
It’s never been more crititcal to work with a LOCAL real estate professional, and LOCAL mortgage lender here in the Bay Area. Here’s a news clip from KCBS explaining this new phenomenon.
The Marin Home & Garden Expo will change the way you think about Home Shows. This event will showcase Exhibitors and Sponsors offering expert ideas and products in all facets of living space improvements from “Green” building technologies to state of the art Home Systems and Landscape concepts. Multiple stages will highlight celebrity lectures, expert demos, live musical entertainment, and special “Youth Zone” that will focus on fun and educational activities for the whole family.
The Marin Independent Journal newspaper recently reported that a “Revitalization Report” has been released for downtown Tiburon. A committee of Tiburon elected officials and Town staffers has released a report that recommends more than a dozen actions including a parking study, marketing task force, and beautification project to help boost activity downtown.
The committee was formed in early 2010 to address vacancies, and turnovers in Tiburon’s commercial/downtown districts.