Have you heard of Proposition 8? This is a proposition that allows a homeowner to seek temporary reduction of their assessed value of real property if the market value of the property as of January 1st is less than its assessed value. This could apply to buyers who purchased homes in the past several years.
Deadline submissions are important to know. Call Solano County Real Property Division of the Assessor's office at (707)784-6210 for more information or go to WWW.solanocounty.com.
There is a form to submit for an assessment review. Click here for a copy of it.
For more information about real estate please visit me at www.melanierossrealestate.com.
Foreclosures are top of mind in today's news. Neighbors, friends, relatives, clients, people in the grocery store, customers waiting in line at the bank, you name it if I wear my badge they will ask about the current market. This is an update to the foreclosure market as of January 12,2008.
What is going on in Benicia? We do not have the same degree of foreclosures/bank owned properties as some parts of the state and country. That is a fact. What is here must be sold. That is a fact. Banks are not in the business to own homes. And that is a fact!
As of 1/12/2008 the multiple listing service for Benicia listed 144 homes for sale. These include condos and single family homes. 10 are foreclosures. They range in price from $259,900 to a high of $859,900. The foreclosure median price of $494,900 compares to $552,500 for a "regular" home. This information is fluid and most likely will change tomorrow as people put in offers this weekend or new homes come on the market.
And guess what? Whether it is bank owned or not, the bottom line is... there are wonderful choices out there. In every size and price. In the hills and down by the water, single family and condos. Benicia is a wonderful place to live so come check it out!
For information about Napa or Vallejo read these blogs: Napa or Vallejo
Foreclosuresare a hot topic. Solano County certainly has its share of foreclosures. When misfortune happens and people lose their homes for what ever reason, something has to happen to the homes. The banks are not in the rental business nor want to own homes. They are in the business of lending. This is an update to a previous blog last year as to the state of foreclosures.
So how many foreclosures are there in Vallejo? Our local multiple listing service as of 1/12/2008 indicated there are 358 single family homes or condos that are now owned by the bank and listed with a Realtor to sell in Vallejo out of a total of 1070 homes on the market. Their price range is from a low of $113,900 to a high of $869,900. The median price is $299,700 for a foreclosure. That compares to a home not foreclosed on at $359,000 median price in Vallejo.
Vallejo certainly has some lovely neighborhoods to choose from, all the way from contemporary to historic homes. Close to San Francisco, Napa Valley, and the Lake Tahoe region, Vallejo has something to offer everyone.
With the incredible selection of homes to meet any buyers pickiest needs, come check out the homes in Vallejo.
You may also be interested in foreclosures in Napa or Benicia.
Foreclosures occur across all states and cities. NO city is immune to people losing their home. Napa is a sought after location to live and work. Foreclosures do happen in Napa. This is an update to a blog written last year.
So what is happening in Napa? This information is for the city of Napa, not to be confused with the entire Napa Valley real estate market. As of Bay Area Real Estate Information Service 1/12/2008, there are 503 homes for sale. The median price is $578,000 for homes listed for sale. The price of homes for sale range from a low of $265,000 to a high of $11,425,000!!
How does this compare to foreclosed homes for sale in Napa? These homes are bank owned and the banks have contracted with Realtors to sell the homes in their inventory. Banks are not in the ownership or rental business. They have to get these sold. As of 1/12/2008 per the Bay Area Real Estate Information Service, Napa has 26 homes listed as foreclosures. The median price for a foreclosed property for sale is $429,950. The lowest price is $274,500 and range up to $903,000.
Napahas a rich supply of housing to meet the most discriminating buyer's wants. Historical homes, bungalows, contemporary, traditional to name a few. Close to the wineries, commutable to San Francisco, a day's trip to Lake Tahoe, Napa is an ideal choice to consider.
Read my blogs for foreclosures in Benicia and Vallejo.
"Someone You Can Trust For All Your Real Estate Needs" My clients come first in all my real estate transactions. Call or Text me @707-319-2828 with your real estate questions.
As a Full-Time Realtor I am committed to providing un-paralleled service to all my clients. My clients always come first. I always return phone calls and emails. I am always prepared and knowledgeable. I love my career in real estate.
Continuing education, involvement in the Solano Association of Realtors, community service with Reach Out Benicia are just a few of the activites I enjoy and make me a better REALTOR and person! My husband of 31 years and twin daughters keep me grounded. We love to camp with friends..the more the merrier! You will often find me cheering at my daughters' water polo games.
Referrals are an honor to receive and a pleasure to give!
Visit me at www.MelanieRossRealEstate.com
OR Text/Call 707-319-2828
My knowledge of Solano and Napa County runs deep. Benicia, CA and Vallejo, CA are two of my favorite cities. I have lived in this area for over 21 years plus served the business community in my previous corporate positions. Having a healthy business climate provides the starting point for people who sell and buy homes. I use that knowledge and expertise to assist my clients in making their investment decisions. Whether my client is a first time home buyer or savvy investor, I take the time to communicate and smoothly facilitate every transaction.
Now is the time to buy, if you wait because you think the market will go down...the only way you will know if it was the right time is when the market goes back up...then it is too late. There is no crystal ball, interest rates are good, inventory covers a wide spectrum of homes. Go ahead, put pen to paper and Just Do It!! Look to the Future, as time proves over and over, real estate does appreciate again.
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