NorCal Real Estate Blog

7740 Shelborne Dr., Granite Bay was JUST SOLD!, and is a single-story estate in coveted Shelborne Estates, that exudes character and pride of ownership.  Beautifully renovated and featuring a chef;s kitchen renovated with custom maple cabinets by Rutt with recessed cabinet doors, custom slab granite counters, a 5-burner gas cooktop and custom hood, a kitchen bar overlooking the adjacent family room, and a butcher-block island with wine storage.


 

The circular front driveway welcomes your guests through the dramatic entry.  Inside, the sprawling ranch-style floorplan offers 4 bedrooms and 4 baths, and the covered rear deck that spans the length of the house is perfect for outdoor entertaining and overlooks the park-like back yard and salt-water

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Homeownership has a cloud over it ever since the subprime-lending crisis in the last decade, but honestly it’s not really justified anymore. There are millions of potential young homebuyers who aren’t taking advantage of homeownership anymore like their parents did when they were young. The truth is, it’s probably a better decision to buy today than it ever was. So that got us thinking, what are the top reasons to buy a home today? So we came up with a list of reasons to own a home and, while there are many, we’ve narrowed it down to three. So here they are, the top 3 reasons to call someplace your “Home Sweet Home:”

1)   Mortgage Rates are Low – Right now in California you can get a 30-year fixed loan with an APR of about 4.3%, depending on your

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Do you own a local business or provide a service to the community you would like to promote?  I’m sure if you do the answer is a resounding yes, but advertising can be terribly expensive, especially for small-business owners.  Here at the NorCal Home Team we understand that, which is why we’ve recently launched our new and exclusive Local Business Directory within our website (NorCalHomesOnline), which features real estate and communities like Granite Bay, Roseville, Rocklin, Folsom and many others.  So when people search for homes in Northern California, they’ll see you as one of the top businesses or service providers in the community.  The best part is, it’s all FREE!

How to get started:

All you have to do is follow this link to the directory

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It's no secret to anyone in California that we're in the middle of one of the worst droughts in the last 100 years. Folsom Lake, for example, located northeast of Sacramento, is down to 58% capacity and is dropping over 9 inches every day. You can understand the local concern when you realize that over half a million people rely directly on that lake as their primary source of water. So what does this mean for California?  It means it's time to conserve! But how much is enough?  According to the U.S. Bureau of Reclamation, each household should aim to reduce their water use by a minimum of 20%, including the elimination of all outdoor irrigation. Sounds simple enough, but what steps can we take to hit that 20%?  We're glad you asked; here's a list of the

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Home Inspections: How important are they?  Buying a Placer County home involves a lot of steps, one of which is usually getting a home inspection.  On a typical single-family home the cost of the inspection is often in the range of $400, so a lot of buyers ask the question, "how important is this step?"  On a brand new home, buyers sometimes feel like the expense might be an even bigger waste, since everything's new and should be built to current building-code requirements.  That's a good theory, but in practice it's not uncommon to find even a brand new home with flaws that are exposed in a home inspection.

In our experience, getting a home inspection done on any home you buy is not only worth the money spent, it can actually end up being a life-saver

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The Placer County real estate market has experienced a solid improvement over the past year, with an average increase in the median price of a sold listing of 29.8%, based on data from MetroList® today.  Specifically, the median price of a sold listing in Placer County has increased from about $282K to $350K, while the median price of a new listing has increased by about 21.6% from about $335,000 to $389,999 over the same time period.  The average price of a sold listing has increased by 23.5%. These are signs of a county-wide real estate market that has recovered, but one which has most recently been influenced by the increase in the number of homes for sale by over 40% during the past year.

Specifically, the MSI index, or the measure of the months'

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Rocklin, CA homes have seen a modest shift in the market over the past few months, with an average decrease in the median price of a sold listing of 6%, based on data from MetroList® today.  Specifically, the median price of a sold listing in Rocklin has decreased from about $367K to $345K, while the median price of a new listing in Rocklin has increased by about 2.1% over the same time period - from $373K to $381K.  These are signs of a shifting real estate market, which has been influenced by the increase in the number of homes for sale in the Rocklin market by over 4%.

As of today, there are 132 active (excludes pending sales), Rocklin homes on the market, with a range in price from $142K to $899K and an average list price of about $433K.  The

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El Dorado Hills homes have seen a fairly significant shift in the market over the past few months, with an average increase in the median price of a sold listing of only 1.3%, based on data from MetroList® today.  Specifically, the median price of a sold listing in El Dorado Hills has increased from around $511K to $517K, while the median price of a new listing in El Dorado Hills has decreased by about 4.5% over the same time period.  These are signs of a changing real estate market, which has been primarily influenced by the notable increase in the number of homes for sale in the El Dorado Hills market.

As of today, there are 208 active (excludes pending sales), El Dorado Hills homes on the market, with a range from $220K to $3.999M and an average

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Granite Bay luxury homes (those listed and/or sold at $1M and above), have seen an average increase of about 9.9% over the past six months, based on data from MetroList® today.  Specifically, the median price of a sold luxury listing in Granite Bay has increased from $1.174M to $1.290M over this relatively short time frame.

wexford, granite bay luxury homes for saleAs of today, there are 39 active (excludes pending sales), Granite Bay luxury homes active on the market, with a range from $1.030M to $2.999M and an average list price of $1.625M.  The average luxury home on the market is about 5,900 sf and the average days on market for these active listings right now is 112.  Granite Bay is a coveted location that offers some of Placer County's finest homes in elite neighborhoods like Wexford,

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Top 10 Don'ts when applying for a home loan: Getting a new mortgage loan is not what it used to be.  Maybe that's a good thing, maybe not, but there are definitely some "best practices" to follow when you are in the market for a mortgage loan these days. While this top-10 list from our friends at Stanford Mortgage is obviousily not all-inclusive, it's a pretty good guide that will help you eliminate some of the pitfalls in today's real estate market:

  1. Don't ammend your tax return, it could cause significant delays.
  2. Don't close old credit card accounts.
  3. Don't pay off collections or charge offs during the loan underwriting process.
  4. Don't consolidate your debt onto 1 or 2 credit cards.
  5. Don't pay any account late.  Stay current.
  6. Don't
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