crescent city ca buyers and sellers info: Why a Good Lender is Worth Their Weight in Gold - 10/16/08 01:24 AM
The escrow I had close today is the stuff that movies are made of, that books are written about, that people laugh and say, "You're making that up."
It had me soooo upset yesterday that I went home early, crawled into a prenatal position on a lounge chair in the sun (my preferred … (6 comments)
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crescent city ca buyers and sellers info: Houses are dropping like flies in Crescent City, CA - 10/07/08 11:29 PM
Houses are dropping like flies in the Del Norte County real estate market.
Houses are dropping like flies in two ways:
One - Homes are dropping off the market. Our market is down 32 residential listings or 10% in less than 1 week. For a small market like ours that is notable. I'm noticing that … (4 comments)
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crescent city ca buyers and sellers info: Buyers Beware of Predatory Lenders - 10/04/08 01:56 PM
Predatory lending is still out there and buyers need to be aware.
One of my clients decided to go with the services of a nice young man who contacted her by phone. He promised her a low interest rate along with many other enticements. She contacted me long after she had … (20 comments)
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crescent city ca buyers and sellers info: How will the Lehman Brothers Bankruptcy Affect You? - 09/15/08 10:33 PM
My husband called me at work today and asked if I had heard the news? I wanted to sound intelligent, but no, I hadn't heard any news all day. I had been sitting at my computer trying to optimize my listings and assist buyers.
He told me that Lehman Brothers had filed bankruptcy and … (2 comments)
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crescent city ca buyers and sellers info: Crescent City/Del Norte County Market Report for July, 2008 - 08/08/08 12:30 AM
Crescent City/Del Norte County Market Report for July, 2008 - Worse than last month...ouch!
July residential sales had a 4% decrease in median price over June, which matches up with my observations of buyer trends. I have written more offers in the last two weeks than in the previous four months and … (0 comments)
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crescent city ca buyers and sellers info: Crescent City, Del Norte County Real Estate Market, What Every Seller Needs to Know - 08/01/08 01:29 AM
What does every seller need to know about the Crescent City, Del Norte County real estate market? It's burning up and missed opportunities to sell your home are going with it.
Seller's, how many of you ask your agent what percentage of the listings in your market are in your price range, … (0 comments)
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crescent city ca buyers and sellers info: Are All Agents Created Equal? Of Course Not and Here's Why... - 06/12/08 04:35 PM
Are all agent's equal in what they have to offer? Uh, well, no, although I just had a client tell me they are.
Let's take a look at two agent's who actually exist in my market.
Agent #1:
Works full-time.
Stays on top of technology.
Advertises her listings on Active Rain, … (9 comments)
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crescent city ca buyers and sellers info: Crescent City/Del Norte County Market Report for April 2008 - 05/11/08 02:20 PM
Crescent City/Del Norte County real estate market report for April ~ Not as good as March!
I'm sorry this report is so late. If you don't know already, I have moved to RE/MAX this week, which has slowed my blogging down a bit.
So what's happening? 15 homes sold with a … (0 comments)
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crescent city ca buyers and sellers info: Fran Gatti Moves to Remax Coastal Redwoods - 05/07/08 11:42 PM
Announcement - I moved to RE/MAX Coastal Redwoods in Crescent City today.
I am looking forward to utilizing RE/MAX's renowned training, national advertising, the extremely popular RE/MAX website and so much more in assisting you with the sale or purchase of your home.
It may be a day or two before my email … (11 comments)
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crescent city ca buyers and sellers info: Short Sale Agent in Crescent City/Del Norte County - 04/27/08 11:09 PM
Short Sales in Del Norte County - Why you need to use an agent experienced in this niche of the market.
I just closed on a very difficult escrow and no surprise, it was a short sale. There were so many people involved, but only one that had experience with this niche of … (5 comments)
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crescent city ca buyers and sellers info: Crescent City/Del Norte County Market Report for March 2008 - Big Improvement - 04/01/08 12:35 AM
The Crescent City/Del Norte County market watch for March shows things improving, thank goodness.
There are 258 active residential listings, down from the high of 315 in the fall of 2007 and our market had 18 closings in March, a gynormous improvement over January's 6 closings and Februaray's 11.
The median price of … (2 comments)
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crescent city ca buyers and sellers info: Buying & Selling Tips for the current Del Norte County Housing Market - 03/28/08 12:09 AM
Update on Del Norte County housing market - Things are looking up.
I will be doing my monthly market report in a few days, which will cover statistics and market data more thoroughly, but I felt the need to touch base with both buyers and sellers in my market due to some recent experiences.
The … (180 comments)
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crescent city ca buyers and sellers info: 135 Cherrywood Court, Crescent City, CA 95531 - 03/19/08 12:13 PM
Listing is withdrawn
Great location w/loads of amenities
135 Cherrywood Court, Crescent City, CA 95531 View Map
This home has it all...a spacious living room with windows galore to let in natural light, formal dining with windows that look onto the backyard deck, kitchen has breakfast bar and dining area and … (0 comments)
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crescent city ca buyers and sellers info: Short Sale Agent in Crescent City/Del Norte County - 03/16/08 01:37 AM
Crescent City/Del Norte County home seller, if you are considering a short sale, use an agent with experience in this very complicated niche of real estate.
The short sale process is fraught with pitfalls and roadblocks every step of the way. An agent will have a difficult time manuevering through the short sale minefield for the … (0 comments)
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crescent city ca buyers and sellers info: Crescent City/Del Norte County: The Case Against Waiting to Buy - 03/13/08 12:50 AM
Crescent City/Del Norte County, and every other market, here it is, a convincing reason to buy a home.
I read a wonderful article in Time magazine 2/25/08 edition. What I liked about it is it doesn't deny the housing market is in the toilet, but still finds a way to convince that it … (11 comments)
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crescent city ca buyers and sellers info: Crescent City/Del Norte County Market Report for February - Improving ! - 03/05/08 01:20 AM
Crescent City/Del Norte County market report - things are picking up, yippee!
The Del Norte County real estate market had almost twice as many residential closings (11) in February over the low of 6 in January. Active residential listings are holding steady at 254.Median sold price for February is $246,000 up quite a … (3 comments)
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crescent city ca buyers and sellers info: Download Free Debt Reduction Calculator - 03/01/08 12:04 AM
Here are the top articles in the California Association of REALTORs recent email newsletter:
HOME SALES DECREASE 29.8 PERCENT, MEDIAN PRICE FALLS 21.9 PERCENT
DEBT RELIEF BILL CLEARS KEY SENATE COMMITTEE
CONSUMER CONFIDENCE INDEX DECLINES 12 POINTS IN FEBRUARY
FORECAST CALLS FOR SLOW GROWTH FOR CALIFORNIA
REBS® RELEASES 2007 STATE OF THE HOUSING MARKET REPORT
I'm sure … (5 comments)
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crescent city ca buyers and sellers info: CA Building Code 1802.7.2 Just May Affect Your Plans to Build - 02/28/08 12:40 AM
Below is California Building Code that became effective 1/1/08. It may have a significance on your future building project.
It is my understanding that Del Norte County is located within Earthquake Fault Zones or Seismic Hazard Zones as shown in the most recently published maps from the California Geological Survey and therefore is … (0 comments)
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crescent city ca buyers and sellers info: How Do Californian's Afford a Home? Good Question - 02/20/08 10:54 PM
I was reminded in the comments of my previous post that prices are not declining everywhere in the U.S.
My reply to that is that I write about my market, and in my market, and ALL of California, prices are falling. Here are some sobering statistics:
Median fourth-quarter (2007) metro area single-family … (8 comments)
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crescent city ca buyers and sellers info: Homeowner, Are You Thinking of Listing Your Home? Consider... - 02/20/08 12:39 AM
I've been away awhile and it wasn't because I was off in Hawaii or Vegas or something fun like that. My husband shared his virus with me and rather than put off seeing the Doctor until I had pneumonia, like he did, I went to the doctor on day one of … (7 comments)
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crescent city ca buyers and sellers info: Del Norte County Market Watch & Buyers and Sellers Information - 02/14/08 03:49 PM
The Del Norte County real estate market is picking up speed, but in certain segments of the market. This information can be very helpful to you if you are planning on buying or selling real estate in Del Norte County within the next few months.
Del Norte County's highest priced home currently … (0 comments)
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crescent city ca buyers and sellers info: Del Norte County Market Report for January 2008 - Can't Get Any Worse! - 02/05/08 07:25 PM
Just when you thought it was safe to go back into the market after that abysmal December, bam, January is even worse. This stands to reason when you consider that January's closings were based on contracts written in late November and December.
There is a silver lining. Pending's are up by quite a bit and inventory … (5 comments)
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crescent city ca buyers and sellers info: Daniel Mudd, Fannie Mae President & CEO Talks About CA's Foreclosure Crisis - 01/29/08 10:11 PM
Below are exerpts from Daniel Mudd's recent conversation with the San Francisco Chronicle regarding California's Foreclosure crisis.
Fannie Mae buys and packages billions of dollars of mortgage loans for resale in secondary markets, which helps to keep interest rates low.
Causes of the current foreclosure crisis:
For a period of time the market … (1 comments)
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crescent city ca buyers and sellers info: Is Searching for the Perfect Home an Exercise in Futility? - 01/28/08 11:21 PM
Are you looking for the perfect home in Del Norte County, or any market, but are new to the area, or better yet, live outside the area?
If so, you need to use a local REALTOR who knows your market!
A very nice man who was standing in front of a home, called a local … (1 comments)
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crescent city ca buyers and sellers info: California's Foreclosure Crisis - 01/26/08 03:10 PM
Many California home owners are indeed melting into a foreclosure crisis.
I have read many posts lately about keeping things positive. If you are one of the *84,375 California residents who had their home repossessed by their lender in 2007, I think you would agree, a positive spin on the situation is hard … (8 comments)
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crescent city ca buyers and sellers info: Consumers, Your Agent is a Professional. Let Them Do Their Job! - 01/21/08 01:05 PM
Buyer's - Now is a great time to buy a home in my market. In fact, now is a wonderful time to be a buyer in most any market in the U.S. I keep saying this over and over to my clients, but I think they are looking at me, but … (6 comments)
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crescent city ca buyers and sellers info: Del Norte County: Land of Opportunity for Investors and Buyer's Alike - 01/18/08 04:21 PM
Del Norte County is indeed the land of opportunity right now for both investors and buyer's.
The Daily Triplicate reported today that the resort plans are moving forward. The new casino's impact is viewed with optimism.
The new resort, coupled with the completion of the new Starbuck's, a Walgreen's coming to town and the … (1 comments)
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crescent city ca buyers and sellers info: Covenants, Conditions & Restrictions (CC&R's) - Why You Should Read Them Before You Buy - 01/09/08 12:24 PM
Covenants, Conditions & Restrictions -
What are CC&Rs? The covenants, conditions and restrictions (CC&Rs) are the governing documents that dictate how the homeowners association operates and what rules the owners -- and their tenants and guests -- must obey. These legal documents might also be called the bylaws, the master deed, … (8 comments)
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crescent city ca buyers and sellers info: Market and Economic Predicitions for 2008 & How it May Effect Del Norte County - 01/04/08 03:18 PM
Predictions for 2008 by Fran Gatti ~
Below is a quote from a N.A.R. (National Association of REALTOR's) newsletter I received via email on January 2.
"As we kick off another year "All Together," it is easy to get caught up in news about what is wrong with the real estate market. … (7 comments)
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crescent city ca buyers and sellers info: Crescent City/Del Norte County Year to Year Wrap up for 2007 - 01/02/08 06:50 PM
Crescent City/Del Norte County Market Wrap up for 2007 ~
The following statistics should come as no surprise to anyone who is up-to-date on what is happening in the financial world right now. Real estate prices and sales have been declining since the subprime disaster started at the beginning of 2007.
Del … (3 comments)
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crescent city ca buyers and sellers info: Crescent City/Del Norte County Market Report for December 2007 - 12/31/07 04:47 PM
Crescent City/Del Norte County Market Report for December 2007 - It still ain't pretty!
A total of 14 residential listings closed in December, slightly higher then November's 13 closings, but slow, even by winter's standards.
Del Norte County's active listings have fallen to 226, which still gives us a high absorption rate of 16 … (3 comments)
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crescent city ca buyers and sellers info: Protect Yourself from Mortgage Fraud - YouTube Video by Freddie Mac - 12/27/07 12:47 AM
YouTube Video by Freddie Mac: Protect Yourself from Mortgage Fraud Please take a minute to watch this video so you will be cognizant of this scam. These fraudsters like to prey on the elderly; let's all do our best to ensure that doesn't happen!
Del Norte County is The Other California. Why? … (8 comments)
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crescent city ca buyers and sellers info: Del Norte County: Affordable Housing in California, but don't miss it! - 12/26/07 11:36 PM
Del Norte County has affordable California housing. DON'T WAIT for prices to surge and inventory to shrink if you are in the market for a home.
Our current inventory sits at 230 residential listings, down 27% from the high of 314 just a few months ago.
The current median price of … (3 comments)
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crescent city ca buyers and sellers info: Get Out Of Debt in 2008 - 12/19/07 06:47 PM
Is there anyone out there who isn't feeling the financial pinch right now?
Not in my sphere of friends, family and associates, but I'm guessing the people who aren't feeling the pinch are quiet about it (they don't want to make the ones like me feel bad. Thank you for that).
Anyway...I … (30 comments)
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crescent city ca buyers and sellers info: What the Bush Foreclosure Plan Means for Home Owners - 12/19/07 06:02 PM
What the Bush Foreclosure Plan Means for Home Owners - The government's plan to aid as many as 1.2 million home owners who are facing foreclosure.
Interest rates that qualify under this plan: You must have received a loan sometime between Jan. 1, 2005, and July 31, 2007, and be facing a reset … (9 comments)
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crescent city ca buyers and sellers info: Contractor Finds $125,000 in Floor Boards of Home...Another Reason to Remodel - 12/17/07 05:53 PM
In my continuing series on remodeling, I have extolled the virtues of adding value to your home by making it a more user friendly place for you, the home owner to live, while increasing your homes desirability for resale.
Here is another reason you may want to consider a remodel, but only if … (12 comments)
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crescent city ca buyers and sellers info: 7 Recommendations for Selling your Home Quicker & For More in the Current Market - 12/17/07 02:31 AM
7 recommendations for selling your home quicker in the current Crescent City/Del Norte County real estate market:
Properly price your property - Unfortunately the market has slowed, not just in my market, but all over. Seller's, price your home accordingly or you will have your home listed for a good, long time. Buyers … (8 comments)
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crescent city ca buyers and sellers info: Thieves Steal $73,000 in Booty Attending Open House - 12/08/07 05:02 PM
Two woman were busted recently stealing more than $73,000 worth of belongings from open houses they attended.
One woman would distract the agent, while the other stole the booty, i.e., expensive designer handbags, jewelry, clothing and even an expensive bottle of champagne.
Some condo associations are demanding open-house attendees show picture identification, but … (11 comments)
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crescent city ca buyers and sellers info: Home Features That Are Repugnant to Home Buyers - 12/08/07 04:34 PM
I love sharing this stuff with you guys. Here are home features that turn-off (I like repugnant better) Buyers as stated by Realtor Magazine on-line:
A house with only one full bathroom - Can we all say duh.A house without air conditioning - I can honestly say this is not a consideration in … (11 comments)
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crescent city ca buyers and sellers info: Crescent City/Del Norte County Market Report for November 2007 - It ain't Pretty - 12/03/07 11:08 PM
Crescent City/Del Norte County Market Report for November 2007, and it comes as no surprise, it's a BUYER'S MARKET!!!
A total of 13 residential listings sold, a 38% decrease over October and a 46% decrease over November 2006.
The absorption rate of 19.76 months, is a further indicator that Del Norte County's real estate … (8 comments)
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crescent city ca buyers and sellers info: Now Is a Great Time To Be a Buyer! Why... - 12/01/07 12:39 PM
If there's one question REALTORS are getting asked more than usual these days, it would be, "Do you think the market is going to continue to decline (or tank as some people put it).
The level of anxiety in their face is in direct correlation with which way they want the marekt to … (14 comments)
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crescent city ca buyers and sellers info: C.A.R Reports Housing Declines for CA...How Does Del Norte County Stack Up? - 11/29/07 03:43 PM
C.A.R. (California Association of REALTORS® reports in their on-line news release dated 11/28/07 that homes sales in California decreased 40.2 % compared to the same period a year ago.C.A.R. also reports that the median price of existing homes fell 9.9%. By comparison, sales activity in Del Norte County for the … (3 comments)
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crescent city ca buyers and sellers info: FHASecure May Be Able to Assist You When Your ARM Resets - 11/28/07 11:37 PM
FHASecure may be able to help you with your house payment.
FHASecure is a new program from the Federal Housing Administration (FHA). The program is meant to assist homeowners with an impending ARM reset refinance their mortgage into a fixed-rate loan.
To qualify for FHASecure, eligible homeowners must meet the following … (2 comments)
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crescent city ca buyers and sellers info: Bathroom Remodel - Add Value and Functionality to Your Home - 11/27/07 12:36 AM
I have learned the hard and expensive way that there is a right way to remodel your bathroom...and a wrong way.
If you undertake a bathroom remodeling project, choose to do it the right way and you will add value to your home.
According to the Remodeling Cost vs. Value Report … (11 comments)
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crescent city ca buyers and sellers info: Solutions for the Troubled Housing Market According to Forbes.com - 11/24/07 01:08 AM
How do you fix a troubled housing market? Forbes.com asked real estate experts who said there are solutions:1. Restore investor faith. "Mortgage fraud, by both borrowers and insiders, must be identified and prosecuted in order for faith to be restored in the market," says Anthony Sanders, professor of real estate finance at … (13 comments)
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crescent city ca buyers and sellers info: Before You Do Your Remodel Yourself... - 11/11/07 06:08 PM
Home Owners are Still Remodeling, But Watching CostsInterest in remodeling remains high, but home owners are more conservative about costs in light of declining home prices, according to a survey by Remodelestimates.com found.The Web site found that Home owners who plan to do some of them work themselves rose from 60 … (6 comments)
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crescent city ca buyers and sellers info: House Committee Passes Mortgage Reform Bill and What it May Mean For You - 11/10/07 02:53 PM
House Committee Passes Mortgage Reform BillThe U.S. House Financial Services Committee approved legislation on Tuesday creating new consumer protection standards in the mortgage industry. The bill now moves to the full House.The bill drafted by Rep. Barney Frank (D-Mass.) would:
Ban lenders from making loans that borrowers don't have the ability to … (48 comments)
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crescent city ca buyers and sellers info: C.A.R. New Forms Release - Important News Agents Can Use - 11/07/07 02:06 PM
C.A.R. ROLLS OUT NEW STANDARD FORMS - If you're a California REALTOR®, why should you car(e)?
Unfortunately, forms are a neccessary evil in a real estate transaction. Here are highlights of the November 2007 Forms Release from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.):- Short Sale Addendum (SSA):This new form may be used to make … (3 comments)
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crescent city ca buyers and sellers info: Crescent City/Del Norte County Market Report for October 2007 - 11/04/07 12:44 AM
The Crescent City/Del Norte Market Report for October 2007 - not pretty for seller's, but again, lovely if you're a buyer. Solds are down 28% from last month. A decrease is usually anticipated this time of year, but for the same time period last year, Del Norte's real estate market actually enjoyed a 35% increase … (6 comments)
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crescent city ca buyers and sellers info: Household Issues that Scare Buyers - 10/26/07 06:48 PM
You may have heard, most of the U.S. real estate market is experiencing a buyer's market. A buyer's market is a market where conditions favor buyers i.e. there are more sellers than buyers in the market. As a result buyers have ample choice of properties and may negotiate lower prices. A buyers market … (4 comments)
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crescent city ca buyers and sellers info: Down Payment Assistance Program - Del Norte County, CA - 10/23/07 11:02 PM
A new down payment assistance program has been brought to Del Norte County. It is based on income and is meant for first time home buyers.
Some of the high points are:
It is meant for lower income families.It is a loan that does not have to be repaid for 30 years or when … (1 comments)
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crescent city ca buyers and sellers info: Relaxed living awaits you in Del Norte County - 10/18/07 02:50 PM
Live Among the Redwoods on 1.21 acre
220 Hyda Way, Crescent City, CA 95531 View Map
End of the road seclusion awaits you with this 1995 manufactured home on 1.21 acres.
Natural light abounds in this lovely home with windows everywhere, each one with a view of the landscaped grounds. … (0 comments)
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crescent city ca buyers and sellers info: Relaxed living among the Redwoods awaits you in Del Norte County - 10/15/07 10:18 PM
… (0 comments)
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crescent city ca buyers and sellers info: C.A.R. Forecast For 2008: What it Means For Del Norte County's Housing Market - 10/11/07 12:32 AM
C.A.R. Forecast for 2008 Housing Market and What it Means for Del Norte County
C.A.R. (California Association of REALTORS) projects a modest decline in home prices for 2008, while sales of existing homes will stabilize.
The median home price in California will decline by 4% to $553,000, compared to 2007's projected median price … (1 comments)
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crescent city ca buyers and sellers info: Client Testimonial for Crescent City, CA, Where the Redwoods Meet the Sea - 10/09/07 10:05 AM
Hello to you from beautiful Del Norte County. Following is a testimonial from a recent closing where I represented the buyers who relocated from the Bay Area.
FRAN GATTI - DOES SHE HAVE WINGS? NO...BUT MAYBE A HALO!
We wanted to relocate from the San Francisco Bay area to Crescent City, but the … (7 comments)
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crescent city ca buyers and sellers info: Open House: Inviting Strangers Into Your Home - 10/06/07 03:18 PM
Everyone knows that open houses don't sell listings. We hear that over and over again when we are new in the business and today's savvy consumer's seem to know it too.Then why do them? Well, for our seller's, every agent knows that. Open houses make seller's happy. Like newspaper ads, an open … (7 comments)
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crescent city ca buyers and sellers info: The Unparalleled Beauty of Del Norte County - 10/04/07 12:18 AM
I showed an out of town client around yesterday. His last trip to Crescent City was in the early 60's and he didn't remember much. He is considering a move here from San Diego, so he thought he would come up and check it out.
My client was amazed at how much beauty our area … (3 comments)
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crescent city ca buyers and sellers info: Trees, You Can't Take Them With You - 10/02/07 02:51 PM
You may think that this is obvious and that the topic doesn't deserve the time it's taking to write this post. I certainly would have agreed with you before last Thursday.
I scheduled a final walk-through for my client on Wednesday as we were scheduled to close escrow on Thursday morning. I had … (12 comments)
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crescent city ca buyers and sellers info: Crescent City/Del Norte County Market Report for September 2007 - 10/01/07 10:22 AM
The Crescent City/Del Norte Market Report for September 2007 - The market continues to improve, sort of.
Del Norte County's real estate market is ending the month with 16 properties in pending and contigency sale status, which is down by 31% from the end of August, an indicator our market is heading into it's slower … (2 comments)
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crescent city ca buyers and sellers info: Quiz: Buyer's Favorite Features - 09/27/07 05:45 PM
Here's a fun quiz for REALTORS® to take as well as buyers and sellers: Buyer's Favorite Features. I took it and didn't do as well as I thought I would. First of all, our market is pretty non-traditional in several ways.
Our first difference is that YOU NEVER NEED AIR CONDITIONING … (9 comments)
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crescent city ca buyers and sellers info: What's better than being happy in your job & getting along with your colleagues? - 09/20/07 12:06 AM
Is there anything better in this world than being happy in your job and getting along with your colleagues?
A happy marriage, good health, and enough money to live may rate above job happiness for some, but being happy in your work is very near the top for those of us that spend … (8 comments)
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crescent city ca buyers and sellers info: When You Move, Don't Leave...I Mean Forget Your Cat! - 09/16/07 01:01 AM
Today, for the second time in less than a year, I had buyers move into a new (to them) home and inherit the previous owners cats.
This was not part of the contract, in fact, the contract specified that the seller was to take ALL their personal belongings.
I have had this happen one time … (23 comments)
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crescent city ca buyers and sellers info: The Case For Buyers Using a "Buyer's Specialist" - 09/07/07 09:49 AM
Buyers, once the step-child of real estate, are what is keeping the market alive in Del Norte County and with prices dropping and seller's accepting lowball offers, buyers are stepping up to the plate to purchase.
Buyers, consider working with an agent that focuses specifically on buyers and I'll give you a … (14 comments)
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crescent city ca buyers and sellers info: Forget The "Boys of Summer," and Welcome the "Buyers of Summer" - 09/04/07 12:24 AM
Forgettabowd the Boys of Summer. They're overpaid anyway. This is the "Buyers of Summer" moment in the sun.
Buyers who were riding the pine are coming off the bench to take a turn at bat. Some are getting a few strikes before they get on base, but a few, have hit home runs … (6 comments)
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crescent city ca buyers and sellers info: Del Norte County: Affordable Housing in California - 09/01/07 06:37 PM
Affordable housing in California doesn't have to be clouds in the sky.
In Del Norte County the median priced home for closings in the month of August was $187,500 with an average price of $219,145. This puts Del Norte County's market about $400,000 under the median priced home for the rest of the … (2 comments)
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crescent city ca buyers and sellers info: Crescent City/Del Norte Market Report for August 2007 - 09/01/07 12:07 AM
The Crescent City/Del Norte Market Report for August 2007 - A slight improvement over July.
Del Norte County's real estate market is ending the month with 56 properties in pending and contigency sale status.
The sale price/list price ratio of 91.92% for August is down from July's 94.81% but close to August 06's 90.78%.
As of 8/31/07 … (2 comments)
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crescent city ca buyers and sellers info: Buyers Need Assistance; Give It To Them - 08/30/07 12:19 AM
Strange title, seems pretty obvious, but not so. I am thanked almost everyday for returning an email or phone call like I was doing something exceptional. Turns out I am.
My largest commission to date came from a client that emailed about 20 agents and I'm the only one that got back … (12 comments)
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crescent city ca buyers and sellers info: Be a Firefighter to Keep Your Escrows From Burning - 08/26/07 12:34 AM
I followed the car in front of me on our Board of Realtors caravan last Thursday just as I always do. That's how we do it. We meet for coffee and donuts (board pays for them), then get in our cars and follow each other from listing to listing.
It became … (13 comments)
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crescent city ca buyers and sellers info: So You Bought A House With a Hot Tub; Read This BEFORE YOU GET IN! - 08/23/07 11:21 PM
Did I alarm you with the title of this post? Good, I meant to.
We just purchased a hot tub several weeks ago and my husband would not let us use it until everything was just so.
He installed an ozonator and did several other things to make it very nice. We thought … (12 comments)
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crescent city ca buyers and sellers info: Crescent City Board of Realtors Caravan bi-weekly Review - 8/23/07 - 08/23/07 03:41 PM
Crescent City Board of REALTORS® Caravan review - This bi-weekly event is for board member agents from every office who would like to preview their new listings. It is a very good way to get exposure and the event is usually well attended (you must be a member of the Crescent City Board … (1 comments)
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crescent city ca buyers and sellers info: The New Definition of Equity For This Current Market - 08/17/07 07:51 PM
This cartoon was funny when I first found it several months ago, but now...not funny at all.
All of us who purchased or refinanced homes from 2005 to the present feel the pinch of possibly having a home worth less than it's mortgage (upside down).
Investors who purchased to "flip" their investment … (9 comments)
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crescent city ca buyers and sellers info: Client Devotion, Finding the Balance - 08/13/07 12:25 AM
Client devotion, finding the balance - I am closing in on the perfect balance of devotion to my clients.
I realize this varies with each client and their needs and will vary from agent to agent and how they do business.
My clients who are considering a relocation from out of the area need a lot … (6 comments)
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crescent city ca buyers and sellers info: Crash and Burn! My First Casualty of the Lending Fiasco of 08/07 - 08/07/07 04:31 PM
One of my escrows crashed and burned today. I thought I was going to be immune from the recent round of the subprime disaster, but no.
First thing this morning I called the lenders on my open escrows and made sure we were all good. I skipped one because it was a … (12 comments)
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crescent city ca buyers and sellers info: Buyers and Sellers Are You Confused With This Market?! - 08/06/07 11:10 AM
There has been a lot happening in the real estate industry since the subprime collapse earlier this year and now...as of Friday...
American Home Mortgage went belly up and other lenders may follow. Here is some great reading to better understand this subject: Here is What Really Happened Last Week in Mortgage … (12 comments)
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crescent city ca buyers and sellers info: Clients: Choose Your Agent Wisely For a Successful Home Purchase or Sale - 07/21/07 11:27 PM
Handling disappointment is difficult enough when it is our own, but even harder when it is someone we care for...a family member, good friend, or a client we represent in a transaction gone bad.
I have clients that are amazed when problems arise during their escrow and we have to renegotiate, write … (5 comments)
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crescent city ca buyers and sellers info: What Do Today's Buyers Have in Common? - 07/20/07 07:13 PM
In a previous post, I extolled the virtues of working with buyers. Since there are a lot of sellers right now, but not a lot is selling, more agents are working with buyers now more than ever. And what do the Buyer's of this summer market have in common?
1. They are … (5 comments)
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crescent city ca buyers and sellers info: Del Norte County and Other California County Foreclosure Statistics - 07/16/07 12:19 AM
Del Norte County ranks 50 on the Foreclosure Radar for foreclosures in the State of California. Foreclosure Radar bases their findings on actual foreclosure auctions and ranks the 52 California Counties with number 1 being the worst and 52 being the best.
The top 4 California Counties for best foreclosure rates are:
#52 - … (4 comments)
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crescent city ca buyers and sellers info: Work With Buyers to Keep Your Income in a Buyers Market - 07/10/07 10:24 PM
Have you considered working with buyers, and if not, why? I know conventional wisdom is to get listings and not bother with buyers.
The bulk of my business comes from representing buyers and proud of it.
I like working with buyers because they are usually:
Happy (they don't directly pay your fee)Not under as … (23 comments)
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crescent city ca buyers and sellers info: Aren't We Supposed To Sell Homes!? - 06/30/07 11:46 PM
Aren't we supposed to sell homes? Well, yes, but not always.
I have young couple that would like to try their hands at fixing up a home. We found a "fixer" that is close to the ocean and needs vast amounts of TLC. The price is a little high for the degree of … (7 comments)
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crescent city ca buyers and sellers info: Escrow's Got You Down? - 06/20/07 12:06 AM
Escrow's got you down? Well keep on smiling. It could be worse. You could be in the boat many agents find themselves in these days with no escrows, so cheer up.
I just completed two escrows that tested my mettle along with the selling agents, the lenders, the buyer, seller, escrow and … (8 comments)
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crescent city ca buyers and sellers info: Optimistically Pessimistic Market News - 06/09/07 06:56 PM
Okay, there's all kinds of real estate news out there and depending on what you read, you're either happy and encouraged, or sad and discouraged.
I go back and forth between those two feelings a lot when reading NAR, CAR and Realtor(r) Magazine On-line News.
News from CAR Newsline and NAR: A forward-looking … (5 comments)
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crescent city ca buyers and sellers info: To Disclose, or Not To Disclose. That is The Question. - 06/02/07 11:39 PM
To disclose or not to disclose. That is the question all right. California, where real estate claims are twice the national average, is a leader in the disclosure movement.
An excerpt from Disclosure in Real Estate put out by the DRE, 5th Edition:
Listing and selling brokers/agents must each conduct a reasonably … (5 comments)
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crescent city ca buyers and sellers info: Pay Your Mortgage With Your Credit Card - 05/29/07 09:56 PM
Amex says, "Pay the mortgage with plastic." A new service offered by American Home Mortgage Investment Corp. and IndyMac Bancorp Inc., two of the top 10 residential-mortgage originators will allow customers who sign up for the service to pay their home mortgage with their American Express credit card.
This will allow cardholders … (10 comments)
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crescent city ca buyers and sellers info: Can You Afford To Purchase a Home in California? Yes, You Can! - 05/28/07 12:47 AM
Can you affort to purchase a home in California?
C.A.R. (California Association of Realtors) released the First-time Buyer Housing Affordability Index (FTB-HAI) report on May 17th, which measures the percentage of households than can afford to purchase an entry-level home in California.
You would have needed to earn $96,910 annually to purchase … (4 comments)
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crescent city ca buyers and sellers info: Mortgage payment got you weighed down? - 05/17/07 01:13 AM
Are you feeling bogged down by your mortgage right about now? Consumer's who purchased homes in the real estate buying frenzy of 2005 are now suffering sticker shock as they find their homes are no longer worth what they paid.
This is something we are all used to when we purchase a car, … (24 comments)
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crescent city ca buyers and sellers info: My Client wants a Quick Sale, The Importance of Proper Pricing - 04/18/07 08:24 PM
My previous blog concerned overpriced listings.
To re-cap the negatives of an overpriced listing:
The listing becomes "shop worn."The listing can end up with a high DOM (days on market).The seller has to keep the home show-ready for months on end.The seller has to keep paying house payments, taxes and insurance.Price reduction after price reduction, which many times leads … (6 comments)
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crescent city ca buyers and sellers info: The Importance of Properly Pricing your Home - 04/14/07 11:54 AM
Following is an email I sent to a client this morning. Their home has been on the market over six months which has no place in real estate as far as I'm concerned. My goal is to sell in less than six months, preferrably less than three. Here is why (identifying information … (8 comments)
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crescent city ca buyers and sellers info: Customer Service at it's best or can it be overdone? - 04/07/07 01:44 AM
Today I had a call from one of my seller's. He's out of town, needed the phone number of one of his business associates and is ill. I gladly assisted him in anyway possible. We have known each other a year and have become like family.
I had a client find me … (5 comments)
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crescent city ca buyers and sellers info: The Changing Real Estate Market and Subprime Lenders - 03/11/07 08:57 PM
Here is a very informative article that will give you a picture of what is happening with the sub-prime market and how it might affect you in the coming months, Subprime lenders are dropping like flies. If you find you are in a situation where you have an upside down loan … (2 comments)
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crescent city ca buyers and sellers info: California Real Estate Agents, add knowledge of the short sale to your arsenal! - 03/06/07 12:53 AM
The Short Sale (a short sale occurs when a lender agrees to write off the portion of a mortgage that's higher than the value of a home) training I went to today seemed timely. After reading so many of the mortgage posts talking about "upside down" loans, 100% financing or "no money down" (Jeff Belonger, … (2 comments)
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crescent city ca buyers and sellers info: Is your interior paint hurting your home selling efforts? - 01/31/07 07:32 PM
Interior paint, although easy to change, may be hurting your home selling efforts. Do-it-yourselfers may scoff at this remark, but with home prices necessitating two incomes, many would-be purchasers do not have the time, money or inclination to change the paint or anything else for that matter.
In our spare time, my … (2 comments)
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