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Napa, CA

Zero down loans are back!

06-18-09
Mike Bolen
Mike Bolen: Commercial Real Estate Agent in Napa, CA

Well almost when you can purchase a $250,000 home for only $1,250! Down Payment Assistance Programs (DAPS) are loan programs designed to assist first-time home buyers with the required down payment and closing costs required by the FHA loan program.

These types of down payment assistance programs are typically broken into two types of loan programs. These are the 501 (c) (3) Non-Profit organizations or county, city, state backed down payment assistance programs.

All of these types of down payment assistance programs use a FHA loan. Since you must be able to obtain FHA financing in order to use any of these programs consult a lender for pre approval. Over the past year these programs have been phased out...until now.

As of June 8th California Homebuyer's Downpayment Assistance Program (CHDAP) has restarted their program. For a family of 4 living in Napa Valley if your income is below $98,150 per year you qualify for the CHDAP program which will cover a 3% down payment on a FHA loan.

What this means is a buyer of a home in California can now purchase with ½ % down. On a purchase of $250,000 the buyer would only need a $1,250 down payment!

Broker Associate Mike Bolen works as the team lead for the Bolen Team with RE/MAX Marina Downtown. Our term services Napa, Solano and Sonoma county selling homes, luxury estates, condos, land and multifamily. You can conduct a FREE MLS search for all listed properties including foreclosures, REO and short sales by visiting www.mikebolen.com

Dryer Vent Cleaning and 6 More Money Saving Tips from a Dryer Vent Cleaning Company Serving Napa, California

02-01-09
Rhonda Nole
Rhonda Nole: Environmental Services in Cotati, CA

Your clothes dryer is among the top 5 energy consumers in your home. Here are some tips for saving energy when drying laundry. Whether your dryer is gas or electric, both operate the same, drying your laundry by heating and tumbling. Both require proper air flow to avoid over-working and to accomplish this task efficiently.

Dryer Vent Cleaning

Proper dryer vent cleaning and maintenance ensures proper air-flow, which is most vital to avoid overworking the clothes dryer and to prevent a potential fire hazard. When the dryer vent system is clogged with lint, it will obstruct air-flow, cause severe overheating, and eventually, a fire. Dryer vent cleaning, by a dryer vent specialist, is recommended at least once a year; more often if you have a large family.

Maintain the Lint Filter

Most everyone knows to clean the lint filter after every load; however, few are aware that the lint screen should be washed in warm, soapy water periodically. The use of fabric softener sheets, like Bounce, can cause a film to build up on the lint screen. This will restrict air flow needed for your dryer to work efficiently.

Do Full Loads - Don't Over-load

Try to only do full loads of laundry; small loads waste a lot of energy that could be used for washing and drying a full load. Be careful not to over load as this will cause the washer and dryer to overwork; additional wear and tear leads to the expense of repairing and/or replacing your appliances.

Separate Light and Heavy Weights

Heavier items, such as jeans and towels naturally take longer to dry than lighter weight items like T-shirts. It has been suggested to dry the different weights separately, but you can also start them together, and stop the dryer to remove the lighter items that are dry, and then take advantage of the already heated drum to dry the rest. This way, you aren't allowing a cool down between loads; you save the energy that would otherwise be used to heat the drum again.

About Dryer Sensors

Clothes dryers have become more energy efficient as most newer models have dryness sensors so that the dryer automatically moves on to the cool-down cycle or turns off when laundry is dry. The sensors prevent over-drying of clothes which prolongs the life of your clothing while saving energy.

Solar Drying is Free

When the weather is right, hang laundry outdoors and let Mother Nature's sun and breeze dry your laundry free. This can be inconvenient for some, but even if you just hang a small amount, like sheets and towels, you will be saving energy.

Clothing Rods

Clothing rods are good for use indoors or outdoors. The clothing rod is a great money saver. You can dry your laundry for a short time, to remove wrinkles, remove your laundry when it is still damp and hang to finish drying.

Your clothes dryer is one of the top energy consumers in your home. Reducing the energy cost of doing laundry will help save money on utility bills. Proper appliance maintenance is also a major money saver, saving on utility bills, and appliance repair bills. A well maintained appliance will work more efficiently and have less risk of failure.

Rhonda Nole, owner of Dryer Vent Wizard, specializes in dryer vent cleaning, repairs and inspections. Rhonda will make sure your dryer vent system is up to code and working at top efficiency. Dryer Vent Wizard (http://www.dryerventwizard.com) technicians always take the time to explain proper maintenance to their customers, so that they understand the importance of dryer vent cleaning to prevent dryer fires.

A Trilling Day in History

01-21-09
Alysha Munoz
Alysha Munoz: Real Estate Agent in Napa, CA

I just want to take a moment and comment at how elated I was on this Historic Day. We in America have now shown the world that we are growing in our ideas about society and what it takes to be a leader. We are no longer afraid. We have now elected our first African American President! And whether or not we voted for him does not make a difference today. It was a momentous day no matter what political party we lean towards.

After watching Obama come in - I saw on another channel - a celebration in Midland, TX of Bush arriving there. One leaves the presidency in Washington and another takes over. Bush left the festivities at the White House, chocked up when saying goodbye to the troops, took his last flight over the crowds and was greeted by a huge crowd in Midland.

President and Michelle Obama danced the night away in huge ballrooms where people lifted hundreds of cameras over their heads. They glanced in each other's eyes, smiled and whispered secrets to each other. Even Kid Rock was there to give the news his comments, "God, Family, Country".

Today everything had a story book ending.

But tomorrow they both start new lives. And my prayers are with them both.

God Bless America.

This IS the Time To Buy Real Estate!

01-17-09
Alysha Munoz
Alysha Munoz: Real Estate Agent in Napa, CA

This is a FANTASTIC Time to purchase real estate. Every day I see so many great deals. The money is still very cheap and the home prices have dropped drastically! The truth is that we currently have a great "Buyer's Market" - BUT only for those with great credit, a fair amount of money for a down payment, and documentation to show their employment and income for at least 2 straight years.

We have almost no 100% financing now. We also no longer have the famous, "Stated Income" loans. So we are back to the basics that have been around for years. This is really a much better place for us to be. It is much safer and - much more friendly!

For those of us working in the real estate business, whether in sales, loans, Title, Escrow, etc., we all saw quite an escalation of dishonesty in our field - and felt powerless to stop it. I suppose that this is what happens when there is a little money to be made. It is funny but some people are suddenly not happy making just their FAIR share - and so they begin devising ways to make even more. I see this like a person at a banquet who can't quit eating a wonderful dish. They get "out of control"! GREED *** GREED *** GREED! It is a funny thing. People who indulge and are then caught always seem to say something like, "Oh I knew I shouldn't have done it", or "Yeah I was wrong". But they didn't stop! Isn't it funny how money runs many people by causing them to make such foolish mistakes. It is interesting to see how money runs so much of the world! And now look what it has all done to our country and the world! I was surprised to find that other countries had real estate booms and now slumps as well!

So now we have a Buyer's Market with very little (if any at all) appreciation on our investments. Well, Real Estate is a fluctuating market - but it is rather predictable. It is said to always move in years of 10 - and from what I have seen looking back - this pretty much holds true. Some may say that we had a 12 year uphill run this time, but that may only mean that we will now have the same to balance out the market - time will tell. I don't care what anyone claims - NO ONE is a fortune teller any more than to observe this same cycle and then successfully "tweaking" it a bit. People keep buying and selling real estate in ANY market - but adding higher gas prices, a rising unemployment, an election year and the such to the pot - leads to much less discretionary spending and this does enter into the picture.

So as the market is settling down right now and balancing for those incredibly high home prices we all just need to sit it out for awhile in terms of appreciation. However, if you are looking for future investments and have all the criteria with which to qualify -this is the time that many true investors begin to buy and build up their home reserves to add to their net worth. This is the time to find those deals and hold until the market once again begins its uphill climb. Many investors are choosing to rent out their investments at this time. With so many people loosing their homes - they are going to need to rent somewhere.

For the First Time Home Buyer - the time could not be better. There are SO MANY Foreclosures and R.E.O.s on the market that you really can find a great deal. The money at 4.25 - 4.75% is actually VERY cheap. You must remember that most people who have owned homes for any length of time bought them with an average interest rate of 10%. To us today that sounds VERY high! But for a First Time Home Buyer who qualifies - the government has some really great options to help you out. In addition to this, many cities also have special packages.

The drawback of purchasing Foreclosures and R.E.O.s is that many times they have things that will need some work or fixing. Of course - you are already paying less for the property though!

This is really an exciting time for an investor!

New Portfolio Photos

Dale Charles | Photographer: Real Estate Media in Granite Bay, CA

www.compago.net