Taking the Stress Out of the Home-Buying Process

For many prospective buyers, the thought of going through the home-buying process is often filled with a lot of stress. From finding a qualified real estate agent, to narrowing down your choice of homes and then packing your belongings and moving across town can be an overwhelming process.

-Buying a home is one of the biggest financial decisions you will make in your lifetime, and along with the finances come emotions. When you are choosing a real estate agent to work with, be patient and take the time you need to find an agent that you connect with. Finding a highly-skilled agent who fits with your personality is crucial.

-Every home buyer and seller is in a different situation, so it is important that you don’t compare your timeline and decisions to anyone else’s. As you make your way through the home buying process, remember that there is no right time to buy, just as there is no perfect time to sell. If you find a home that fits your needs, don’t let it slip out of your hands by waiting for interest rates to drop lower as you run the chance of losing out on the home of your dreams.

-It is natural to want to get opinions from those you trust before you make your final choice, but too much input will ultimately make the decision process much harder. Remember to focus on what your immediate wants and needs are so that everyone will be happy with the final decision.

-You probably aren’t going to find a home that is 100% perfect, so it is important to make a list that includes your top priorities that you can’t live without. Be sure to stick to the items on your list and let go of the minor things.

-Negotiation is an important part of the real estate buying process, but be sure you don’t take your negotiating too far. Trying to get an extra-low price or refusing to budge on your offer may cost you the home in the end. Successful negotiation depends on give and take, so make sure you are being fair in your requests.

-Don’t get too caught up in all the physical aspects of a home and forget about the more important issues. While the size of the rooms and the layout of the kitchen might not be exactly what you expected, be cognizant of issues such as noise level, location to amenities and other aspects that will have an impact on your day-to-day life.

-Getting approved for a mortgage should be taken care of well before you find a home and make an offer.

-Create a budget before you move into your new home and be sure to include maintenance and repair costs. Even if you buy a new home, there will be extra costs, so it is important to not come up short and let your new home deteriorate.

-After purchasing a home, a little buyer’s remorse is inevitable, but it will pass. Buying a home is a big financial commitment, but it also yields big benefits. If you are feeling remorseful after buying your home, remind yourself why you wanted to buy a home and what made you fall in love with your new property.

-When choosing a home, buy it because you love it. A home’s most important role is to serve as a comfortable, safe place to live, so don’t get bogged down with thinking about your home’s appreciation.

For all of your real estate needs
Call John J. O’Dell
Real Estate Broker
DRE # 00669941
Telephone 530-263-1091

Free Childcare Provided at Nevada County Christmas Faire

Winter Scene Nevada County Fair Grounds
Winter Scene Nevada County Fair Grounds

Youth, community organizations provide services to Faire-goers

The Northern Mines Girl Scouts will offer free babysitting services at this year’s Country Christmas Faire, held November 26 – 28 at the Nevada County Fairgrounds. This benefit is provided by this youth service organization so that parents can drop off their children while they enjoy holiday shopping. Free babysitting will be provided in Ponderosa Hall at the Fairgrounds; hours for babysitting are the same as the Faire – Friday and Saturday from
10 am – 5 pm; and Sunday from 10 am – 4 pm.

Errand elves will be available to assist Faire-goers throughout the event. The Errand Elves, provided by students from Clear Creek School, are available to carry packages for shoppers or patrons may use their “Will Call” service and leave their packages in the elves’ care as they continue shopping. Clear Creek students will also be offering mistletoe to Faire-goers. All donations received for the elves and the mistletoe will go towards these young students who are trying to earn money for an outdoor science education camp.

Additionally, Nevada County 4-H clubs will provide volunteers to serve as the trash clean-up crew for the Faire; Will and Paulette Snyders of Empire Horse & Carriage Company will provide wagon rides around the grounds; and Santa Claus and Mrs. Claus will be on hand to greet children. A photographer will be available to capture the special moment with Santa.

The 26th annual Country Christmas Faire begins Friday, November 26, and runs through Sunday, November 28.  Admission is $4 for adults, and children 12 and under are free. Artisans from across California – and as far away as New York, Oregon, Arizona, Nevada and Utah – fill the Fairgrounds exhibit buildings with quality hand-made crafts and unique gifts. Visitors to the Faire will enjoy strolling live entertainment, festival foods, and a community bon-fire.

The Nevada County Fairgrounds is located at 11228 McCourtney Road in Grass Valley. For more information, visit www.NevadaCountyFair.com or call (530) 273-6217.

By:

Wendy Oaks
Publicist, Nevada County Fairgrounds
(530) 273-6217
wsoaks@gmail.com

Tips for Getting Vacant Homes Ready for Winter

Houses that will sit empty through the winter need attention to avoid frozen pipes, reports Long Island American Water, which is part of American Water, the largest investor-owned U.S. water and waste water utility company.

The company offers these tips for ensuring that pipes don’t burst:

· Search for pipes that are not insulated, or that pass through unheated spaces such as crawl spaces, basements, or garages. Wrap them with pre-molded foam rubber sleeves or fiberglass insulation.

· Wrap really vulnerable pipes with electric heating tape with a built-in thermostat that only turns heat on when needed.

· Seal cracks and holes in outside walls and foundations with caulking to keep cold wind from pipes. Look for areas where cable TV or phone lines enter the house, to be sure holes are tightly sealed.

· If hot-water radiators heat the home, bleed the valves by opening them slightly. Close them when water appears.

· Before really cold weather sets in, make certain that the water to outdoor hose bibs is shut off inside the house and the lines are drained.

· Drain any hoses and air conditioner pipes.

· Wrap the water heater or turn it off.

· Make sure gutters and downspouts have been cleaned to remove debris that could freeze and cause clogs during cold weather.

· Know where the main water shut-off valve is located in case it needs to be shut off during an emergency.

Nevada County Fairgrounds, Hope in Nevada County

Donate a can of food on Sunday, November 28, and receive $1 off admission

The Nevada County Fairgrounds and HOPE (Helping Other People Eat) in Nevada County are teaming up to help feed those in need in Nevada County.

Bring a can of food (or two or three) to the Country Christmas Faire on Sunday, November 28, and the Fairgrounds will give you a coupon for $1 off general admission to the Christmas Faire on that day.  Volunteers from HOPE will collect the cans at the food collection bins at the Fairgrounds from 10 am – 4 pm at Gates 1, 3 and 5, which is also where you’ll receive your coupon.

With the help of HOPE, all food collected at the Fairgrounds on Sunday will be used to help feed those in need in Nevada County.  HOPE in Nevada County is a program established through the Grass Valley Elks. Through this program, the Grass Valley Elks partner with the Food Bank of Nevada County to feed those in need, as well as working with the organization on a school snack program. HOPE distributes food once a month to anyone in the county in need of food and emergency food every Monday. Call Lari at (530) 263-4753 to volunteer or donate.

The Country Christmas Faire is happening Thanksgiving weekend, November 26 – 28, at the Nevada County Fairgrounds. Hours are 10 am – 5 pm on Friday and Saturday, and 10 am – 4 pm on Sunday. Cost is $4, and free to children under 12.  Visit www.NevadaCountyFair.com for more information or call the Fair Office at (530) 273-6217.

Many Mortgage Holders Underwater

In what could be another sign that the housing crisis is far from over, the percent of mortgage holders who are underwater on their homes continued to rise in the third quarter–and some say it could be another eight to 10 months before that trend turns around.

In the U.S., 23.2% of U.S. mortgage holders were underwater, owing more money than the house is worth. That’s up from 21.7% from a year ago, according to Q03 data out Wednesday from Zillow.com. Roughly 13.9 million homes now have negative equity. Many of these homes could end up in foreclosure should borrowers give up making payments on homes that aren’t worth what they owe—let alone building equity. (See “The Great Mortgage Mystery“)

In the latest report, the worst hit areas of the housing bust show small signs of improvement, while new locales saw growth in underwater real estate. In Miami, for example, 42% of homes have negative equity, compared to 45.1% in the third quarter 2009, according to Zillow. That’s in part because many of these underwater homes have been foreclosed on.

In San Francisco, the number of underwater homes has dropped from 24.9% to 20.2%, mainly due to stabilizing home values that are pulling more people out of negative equity, says Stan Humphries, Zillow’s chief economist. The median sales price of existing single-family homes in the San Francisco metropolitan area is up about 25% since last year, according to the National Association of Realtors.

Source: Wall Street Journal

Looking for real estate investments?
Call John J. O’Dell
Real Estate Broker
530-263-1091
DRE #00669941

Foreclosed Nicolas Cage $30 Million Home Sells for $10.5 Millon

In 1940, the property was built for $110,000. Years later, Nicolas Cage bought it for millions, and then lost it to foreclosure on the county courthouse steps. Recently, it sold to an anonymous buyer listed only as a limited liability corporation for about a third of its last listing price: $10.5 million dollars.

The 1940 Tudor had failed to generate any bids in April when it was offered at the county courthouse steps in Pomona. Six loans totaling $18 million encumbered the house, which the actor had decorated in a style one local real estate agent dubbed “frat-house bordello.” Among personalized touches were garish room colors, three dozen bronze wall sconce holders made from a cast of the Oscar winner’s arm and hundreds of elaborately framed comic-book covers lining the walls.

The mansion, which one local real estate agent described as a “frat-house bordello,” had been highly customized over the years not only by Cage, who painted the rooms in “garish colors,” hung bronze wall sconces made to look like the arms of the Oscar statue, and lined the walls with more than 300 “elaborately framed comic book covers,” but also by singer Dean Martin, who commissioned a 2,500 square foot entertainment complex and by singer Tom Jones, who erected a $60,000 wall to “keep adoring fans at bay”. Other unique design elements included model trains on raised tracks circling the breakfast room and two bedrooms, an Olympic-sized pool and a central tower.

The sale of the house also left five of the six lenders holding liens against the house hanging, since when the foreclosure failed ownership reverted to the foreclosing lender. There were a total of six liens in the sum of $18 million against the property. Bob Baker, a local foreclosure data analyst, described the situation as “a microcosm of what’s going on in our state [California].” He added that people are still taking out loans as a “survival tactic” to pay other loans and meet expenses, and that he has seen as many as 13 loans on a single property. The buyer ultimately was able to get such a low price on the property because once the courthouse event eliminated the other lenders from the collections process, the primary lender was able to sell for much less than the sum of all the liens on the property.

Interested in buying or selling real estate?

Call John J. O’Dell
Real Estate Broker
530-263-1091
DRE#00669941

Ever See a Cat Skeleton in a Tree?

By Lisa J. Lehr

This sarcastic question is usually intended to “prove” that cats never get stuck in trees. When they feel like coming down, they will, goes this misguided thinking. The premise of the lame joke, however, is utter nonsense. Cats do get stuck in trees. They do die. Here’s why, and what to do if your cat (or a cat you know) ever gets stuck in a tree.

A cat usually climbs a tree for one of two or three reasons: she’s chasing something (like a squirrel), she’s running away from something (like a dog), or perhaps she just wants to see what’s up there. Okay, so Kitty is way-high-up in a tree, the danger (or the fun or the mystery) is gone, and it’s time to come down. Why doesn’t she come down on her own?

A cat’s claws are designed for climbing up. A cat is not a squirrel; squirrels can climb up, down, and sideways, always headfirst, no problem. But a cat must climb with her head up to avoid falling, and once she’s up, the only way down is to back down. (The margay, or tree ocelot, a rare cat found in the rain forests of Mexico, Central America, and South America, is the only cat that can climb down a tree headfirst.)

Once she’s close enough to the ground, she’ll turn around and jump down; the biggest challenge is a tree that has no low branches, like a pine tree. By the time the immediate danger or curiosity has passed, Kitty has used her burst of adrenaline and does not have enough energy left for the time-consuming, frightening task of descent. This is especially true of an indoor cat with little or no climbing experience.

The good news is, cats have been known to survive over a week in a tree and have sustained falls of over a hundred feet without serious injury. The bad news is, a panicked cat will continue to go…up. Worse, a cat may eventually become too weak to climb down, and after a point, even if rescued, may die later of starvation, dehydration, or exposure.

We don’t see cat skeletons in trees because of a well-known law of nature called gravity: Kitty becomes too weak to hold on, lets go, and falls.
What do you do?
If the cat is not too high—a distance you feel confident climbing yourself—wear gloves, long sleeves, and long pants. Take a pillowcase and rope with you. Make the first grab count; if you only succeed in scaring Kitty, she may go higher. Grab her by the scruff of the neck and stuff her into the pillowcase; secure it with the rope and lower it carefully to someone on the ground. Take the bagged kitty indoors before opening the pillowcase.

If you can’t manage the rescue yourself, wait no more than a couple days. That’s about the longest it will take Kitty to decide to come down if she can. Call your cat. If it doesn’t encourage her to come down, it will at least let her know she’s not forgotten. Keep dogs and other unnecessary commotion away. Try tempting her with food.

If your cat does not meow, it means one of two things: she’s too weak to do so (bad) or she doesn’t feel she is in trouble (good). Unfortunately, you can’t tell which it is.
Get help sooner rather than later if:

  • It’s a kitten. Kittens do not have the weight or strength to hang on.
  • It’s an indoor cat. She’s not used to being exposed, and she has no climbing skills.
  • She’s declawed. A declawed cat has virtually no chance of climbing down without help.
  • The cat has been up there for more than two days. After this, her chance of getting down on her own declines sharply, especially considering she’s becoming weaker as time passes.
  • Wet, cold, or windy weather is forecast.
  • An electrical storm is forecast. If you do decide to call someone, he may decline to come, out of concern for his own safety.
  • She’s injured or literally stuck—wedged or (worse) impaled.
  • The stranded kitty’s plight is causing stress to you or another family member.
  • There’s a reasonable fear of attack by wild animals.
  • Her meowing is bothering someone. You don’t want a grouchy, cat-hating neighbor to shoot your cat down.

Who’re you gonna call?
Surprise! Not the fire department. Contrary to folk tradition, most fire departments no longer do cat rescues. Understandably, they do not want to commit their resources to animal rescues when a human rescue may be at stake. Sometimes off-duty firefighters do cat rescues on the side.

Your best bet is a professional tree climbing service. Try these resources for a referral: your vet, pet stores, the Humane Society, Animal Control, the Yellow Pages, the local media, the classified ads.

Tree climbers usually charge for their services, naturally; fees vary, and if travel or hazard duty is involved, will tend to be more. Hazard duty situations include night climbs, dead trees, and inclement weather. Remember, the tree climber’s life is valuable, too, and be understanding about the cost.

He might trade some of his fee for a promise of future work (in trees without cats) and/or some free publicity. Hand out his business cards to your neighbors after the rescue. Animal rescues make great human-interest stories, so be sure to alert the media. Always be polite and respectful with tree climbers, whether they come through for your cat or not. We don’t want to discourage these heroes from future cat rescues.

Some animal behaviorists say you can teach a cat how to climb down from a tree. If you decide to explore this option, please find an expert.

The best option, of course, is to keep all your cats indoors. Cats can be taught to explore outdoors for brief periods under human supervision and come in when called. Some cats will walk on a leash. And if you have the resources and the skills, you can build a “cat sanctuary”—a fenced-in outdoor area your cats can access from indoors. Don’t forget that cats can climb, and put a top on it—which keeps out intruders as well.

Lisa J. Lehr is a writer and copywriter as well as animal lover living in Grass Valley. She can help you promote your business with a full range of online and offline marketing pieces. A member of Empire Toastmasters, she’s available to speak to your business or professional group. Visit her website www.justrightcopy.com for more information, opt in for a message series, and receive a free Marketing Guide.


Lisa J. Lehr
I write words that make you money–just ask me how.
www.justrightcopy.com
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Home Sales Slow in September Due to Foreclosure Moratoriums

U.S. pending home sales slipped for the first time in three months in September as foreclosure moratoriums  slowed sales.

The National Association of Realtors’ index for pending sales of existing homes fell 1.8% to 80.9, the industry group said Friday. Economists surveyed by Dow Jones Newswires had expected pending home sales would increase by 3% in September.

Year over year, the pending-home-sales index is 24.9% below its level of 107.8 in September 2009. The NAR on Friday also revised its August index upward slightly to 82.4 from the previously estimated 82.3.

The NAR index is based on pending sales of existing homes, including single-family homes and condominiums. A home sale is pending when the contract has been signed but the transaction hasn’t closed. Pending sales typically close within one or two months of signing.

Pending home sales plummeted in May after the expiration of a government tax credit program but had been on the rise in July and August as rock-bottom mortgage rates and distressed property sales enticed buyers.

Source: Wall Street Journal

Animal Save of Nevada County 10th Annual Silent Auction and Wine Tasting This Saturday

Animal Save is having their 10th Annual Silent Auction and Wine Tasting this Saturday, November 13th, 6-10pm.  Wine tasting is from 6-7:30pm.  This year it will be at the Miners Foundry in Nevada City.

A great night of food, wine, music, and holiday shopping all to benefit the animals!

Tickets $25 includes a commemorative wine glass

For more information visit their newly launched website www.animalsave.org

This is for a great cause and they are a dedicated group working hard to save our animals that need help  in Nevada County

Beware of Foreclosure Scams

  • A company/person asks for a fee in advance to work with your lender to modify, refinance or reinstate your mortgage. They may pocket your money and do nothing to help you save your home from foreclosure.
  • A company/person guarantees they can stop a foreclosure or get your loan modified. NO ONE can make this guarantee to stop foreclosure or modify your loan. Legitimate, trustworthy HUD-approved counseling agencies can assist you with options and facilitate communication with your mortgage company.
  • A company/person advises you to stop paying your mortgage company and pay them instead. Despite what a scammer will tell you, you should never send a mortgage payment to anyone other than your mortgage lender. If you have trouble making your monthly payment, contact your mortgage lender.
  • A company pressures you to sign over the deed to your home or sign any paperwork that you haven’t read or you don’t fully understand. A legitimate housing counselor should not and will not pressure you to sign a document of any kind.
  • A company claims to offer “government-approved” or “official government” loan modifications. These may be scam artists pretending to be legitimate organizations approved by, or affiliated with the government. Check to be sure by contacting your mortgage lender directly  to learn more about government programs for which you may qualify.
  • A company/person you don’t know asks you to release personal financial information. Check to be sure you are speaking with a legitimate company/person by contacting your mortgage lender directly
  • If you are facing foreclosure go online to the U.S. Department of Housing and Urban Development Click Here

    Need Help?
    Call John J. O’Dell
    Real Estate Broker
    530-263-1091