Wow…has it really been a year?

Isn’t it amazing how the new year makes us look at things that we have wanted to do but haven’t in quite a while?  Well…I finally got a minute to sit down and come to AR to do some research about new brokerages (we just opened one) and I realized that it has been a whole year since I made a blog post!  WOW!  I remember teaching many of the agents in our old office about AR and how great of a tool it is for networking, ideas and of course, a blog…and now they all have surpassed my AR points!  So…my resolution?  To try to become an active AR member in my area and to also remember that it is the greatest idea place around for Realtors!Clint Cronic, Broker/Owner
Mindy Cronic, MBA., Realtor/Owner
Next Generation Real Estate Services
942 Merchant Street, Redding, CA 96002
(530) 227-0345 or (530) 524-3060
www.SellingRedding.com   www.ReddingBlogs.com
contactus@sellingredding.com
Search The Entire MLS at www.SellingRedding.com/Search-For-Homes/

FacebookTwitterGoogle+Share

Wow…has it really been a year?

Isn’t it amazing how the new year makes us look at things that we have wanted to do but haven’t in quite a while?  Well…I finally got a minute to sit down and come to AR to do some research about new brokerages (we just opened one) and I realized that it has been a whole year since I made a blog post!  WOW!  I remember teaching many of the agents in our old office about AR and how great of a tool it is for networking, ideas and of course, a blog…and now they all have surpassed my AR points!  So…my resolution?  To try to become an active AR member in my area and to also remember that it is the greatest idea place around for Realtors!Clint Cronic, Broker/Owner
Mindy Cronic, MBA., Realtor/Owner
Next Generation Real Estate Services
942 Merchant Street, Redding, CA 96002
(530) 227-0345 or (530) 524-3060
www.SellingRedding.com   www.ReddingBlogs.com
contactus@sellingredding.com
Search The Entire MLS at www.SellingRedding.com/Search-For-Homes/

FacebookTwitterGoogle+Share

Wow…has it really been a year?

Isn’t it amazing how the new year makes us look at things that we have wanted to do but haven’t in quite a while?  Well…I finally got a minute to sit down and come to AR to do some research about new brokerages (we just opened one) and I realized that it has been a whole year since I made a blog post!  WOW!  I remember teaching many of the agents in our old office about AR and how great of a tool it is for networking, ideas and of course, a blog…and now they all have surpassed my AR points!  So…my resolution?  To try to become an active AR member in my area and to also remember that it is the greatest idea place around for Realtors!Clint Cronic, Broker/Owner
Mindy Cronic, MBA., Realtor/Owner
Next Generation Real Estate Services
942 Merchant Street, Redding, CA 96002
(530) 227-0345 or (530) 524-3060
www.SellingRedding.com   www.ReddingBlogs.com
contactus@sellingredding.com
Search The Entire MLS at www.SellingRedding.com/Search-For-Homes/

FacebookTwitterGoogle+Share

Wow…has it really been a year?

Isn’t it amazing how the new year makes us look at things that we have wanted to do but haven’t in quite a while?  Well…I finally got a minute to sit down and come to AR to do some research about new brokerages (we just opened one) and I realized that it has been a whole year since I made a blog post!  WOW!  I remember teaching many of the agents in our old office about AR and how great of a tool it is for networking, ideas and of course, a blog…and now they all have surpassed my AR points!  So…my resolution?  To try to become an active AR member in my area and to also remember that it is the greatest idea place around for Realtors! Clint Cronic, Broker/Owner
Mindy Cronic, MBA., Realtor/Owner
Next Generation Real Estate Services
942 Merchant Street, Redding, CA 96002
(530) 227-0345 or (530) 524-3060
www.SellingRedding.com   www.ReddingBlogs.com
contactus@sellingredding.com
Search The Entire MLS at www.SellingRedding.com/Search-For-Homes/

FacebookTwitterGoogle+Share

Wow…has it really been a year?

Isn’t it amazing how the new year makes us look at things that we have wanted to do but haven’t in quite a while?  Well…I finally got a minute to sit down and come to AR to do some research about new brokerages (we just opened one) and I realized that it has been a whole year since I made a blog post!  WOW!  I remember teaching many of the agents in our old office about AR and how great of a tool it is for networking, ideas and of course, a blog…and now they all have surpassed my AR points!  So…my resolution?  To try to become an active AR member in my area and to also remember that it is the greatest idea place around for Realtors!

Clint Cronic, Broker/Owner

Mindy Cronic, MBA., Realtor/Owner

Next Generation Real Estate Services

942 Merchant Street, Redding, CA 96002

(530) 227-0345 or (530) 524-3060

www.SellingRedding.com   www.ReddingBlogs.com

contactus@sellingredding.com

 

Search The Entire MLS at www.SellingRedding.com/Search-For-Homes/

FacebookTwitterGoogle+Share

Redding Real Estate Market Update 1/5/10

Well the holidays are over and its back to our scheduled programming! I figured that it was a great time to start the New Year with some updated statistics on the Redding real estate market and where its been over the past 6 months with our ever-changing market.

You’ll notice that the number of available listings has been steadily decreasing since July when there were over 1,500 available properties…with January increasing over December from those listings that had been taken off for the holidays and then re-added in January and those that waited for the “New Year” to list. What does this number mean? Well…there are fewer homes currently available than the last few months which is good for buyers but there is still quite a bit of inventory for buyers to choose from. It is a good time to list a home (with less competition) than there was a few months ago and the tax credits are making it good for both first time and move-up buyers while helping provide an incentive that sellers see helping to get more homes sold.

Available residential listings as of January 4, 2010: 1,304
December 2009: 1,258
November 2009: 1,332
October 2009: 1,396
September 2009: 1,470
August 2009: 1,511
July 2009: 1,565

Total # of Homes that closed escrow during 2009: 2,047
December 2009: 185
November 2009: 170
October 2009: 216
September 2009: 213
August 2009: 174
July 2009: 181

Total Homes in escrow: 386 (down from the low 500’s in October)

If you’d like more information on the Redding real estate market, short sales, REO’s or would like help with starting to buy or sell a home we’d be happy to help!

Clint and Mindy Cronic

Next Generation Real Estate Services

942 Merchant Street, Redding, CA 96002

(530) 227-0345  contactus@sellingredding.com

www.sellingredding.com

www.myreddingrealestate.com

www.reddingblogs.com

Clint Cronic, Broker/Owner

Mindy Cronic, MBA., Realtor/Owner

Next Generation Real Estate Services

942 Merchant Street, Redding, CA 96002

(530) 227-0345 or (530) 524-3060

www.SellingRedding.com   www.ReddingBlogs.com

contactus@sellingredding.com

 

Search The Entire MLS at www.SellingRedding.com/Search-For-Homes/

FacebookTwitterGoogle+Share

Wow…has it really been a year?

Isn’t it amazing how the new year makes us look at things that we have wanted to do but haven’t in quite a while?  Well…I finally got a minute to sit down and come to AR to do some research about new brokerages (we just opened one) and I realized that it has been a whole year since I made a blog post!  WOW!  I remember teaching many of the agents in our old office about AR and how great of a tool it is for networking, ideas and of course, a blog…and now they all have surpassed my AR points!  So…my resolution?  To try to become an active AR member in my area and to also remember that it is the greatest idea place around for Realtors!

Clint Cronic, Broker/Owner

Mindy Cronic, MBA., Realtor/Owner

Next Generation Real Estate Services

942 Merchant Street, Redding, CA 96002

(530) 227-0345 or (530) 524-3060

www.SellingRedding.com   www.ReddingBlogs.com

contactus@sellingredding.com

 

Search The Entire MLS at www.SellingRedding.com/Search-For-Homes/

FacebookTwitterGoogle+Share

What exactly is a “Short Sale”?

Redding, CA Short SaleI just wanted to take a moment to discuss a SHORT SALE as many people that we encounter in the Redding area have no clue what it actually means. 

A “short sale” is when someone who owns a home (financed by a bank) is allowed to sell the home for less than the current amount owed on the property.  The bank needs to approve the amount of payoff that is “short” of the amount that is owed to them and this is where the name “short sale” comes from. 

The misconception is that ANYONE can do a short sale just because the home is worth less than they paid for it.  This is very untrue and Realtors should be discussing this with potential homeowners looking to do a short sale on their home.  Banks now are reviewing possible short sale homes to determine if the seller actually qualifies to sell the home short. 

So how can a home and the seller “qualify” for a short sale?  Each bank varies.  This being said, the general rule is that the seller needs to show a “hardship” through a letter in which they disclose their situation that has led them to HAVE to sell the home now instead of waiting out the market.  Some hardships include loss of job or medical problems and the seller should present actual proof of the hardship with the Short Sale package.   In addition to a hardship, some banks are reviewing the original loan package from when the buyer purchased the home to ensure they didn’t exaggerate their income/decrease expenses when they originally purchased (which is actually lender fraud and some areas considered “grand theft”).  You should also be prepared to provide past tax documents and statements of current income/expenses to support your need to sell now. 

For more information on Short Sales contact Clint & Mindy Cronic, The Cronic Group of Real Estate Professionals GMAC at 530.227.0345 or via email at contactus@sellingredding.com.

FacebookTwitterGoogle+Share

Redding Home Update as of February 28, 2009

Residential Listings: There are currently 1543 active listings (up from 1525 1 month ago and 1538 earlier this week) and another 303 listings that are pending escrow (exactly the same as 1 month ago and down from 318 earlier this week). So far this year there have been 229 sold listings in the MLS database.

Historical Data for Closed (Sold) MLS Listings in Shasta County:

Overall statistic for the year 2007: there were 2,140 listings that sold (closed escrow) and were recorded in the MLS database.

Overall statistic for the year 2008: there were 1,942 listings that sold (closed escrow) and were recorded in the MLS datbase.

Click Here to search the entire Shasta MLS!

Are you thinking of selling your home? Before selecting your agent make sure that they know where the market is going, where it has been and how they can help you to SELL your home, not just LIST it!

If you are buying a home we’d love to help you find the home of your dreams. Whether you are buying in 2 days or 2 years we can help you from relocation information, school data or neighborhood demographics to loan prequalification, previewing homes or sending virtual tours!

Contact Clint and Mindy Cronic at Real Estate Professionals, GMAC today at 530.227.0345 for more information on how our agressive marketing strategy can SELL your home or visit our website, www.sellingredding.com to search the entire MLS database for your next new home!

FacebookTwitterGoogle+Share

The REAL secrets behind Home Staging!

Home StagingNearly everyone these days has been watching the TV shows on HGTV…”Design on a Dime”, “Buy Me”, “Color Splash”…or even the latest “The Stagers”.  We’ve learned how to make our homes look like a million bucks for next to nothing for actually living in them but is this the best advice for a future home seller?

No.  Staging is not the same as creating a usable space that you will enjoy.  Instead, staging is the art of making your home appealing to the masses (or as many people as possible) instead of for you.  True home staging doesn’t address the issues of comfort and usability…instead, it address the best way to make the rooms look the largest by increasing the open floor space. 

Whether it is elimination of extra furniture (ie side tables, floor pillows, large bulky furniture and replacing them with smaller furniture and larger art work, mirrors (to enlarge rooms) and wall decor.  By picking items up off the floor and making the walls tell the story the rooms visually are larger and more open. 

Creating an atmosphere viod of overly-dramatic details (deep colored walls, etc.) can help more people imagine themselves living in the space and helps them to avoid the feeling that there is much work (painting, repairs) that would have to be done before they move in.  These changes equal $$$$ and that decreases potential offer prices should an offer be made.

Neutral color palattes are the rage for home sellers…browns, beiges, light colors that reflect light and enlarge spaces as well as spaced furniture that maximizes window views, fireplaces…any focal point.  So what should you do to start?  Focus on the overall look of your room.  Eliminate those “trinkets” with sentimental value (often they don’t add to the appeal but detract from it)…remove the items that are bulky and serve a specific purpose for you but aren’t needed in the room to show it (ie CD storage, small tables, computer desk, etc.  Paint the room a light and airy color and pull blinds up for showings to add light to the room. 

Remember, if all else fails, call a neutral third party to suggest changes that you wouldn’t have thought of yourself!  It is best to not be a friend/family member as they can foster feelings about certain objects. If you are in the Shasta/Tehama County areas, we’d be glad to help you!  Just call us at 530.227.0345! 

HAPPY STAGING!

Clint & Mindy Cronic are Realtors with Real Estate Professionals, GMAC in Redding, California.  If you are thinking of listing or buying a home contact us today for our aggressive marketing package or comprehensive buyer services VIP program!  530.227.0345 or contactus@sellingredding.com

FacebookTwitterGoogle+Share

Shasta County Home Sales Update

redding home salesWell most people reading the local newspaper, The Record Searchlight, couldn’t miss the front page article yesterday about the local housing market in contrast to the economy crisis nationwide. 

According to DataQuick Information Systems the median sales price in Shasta County was $212,750 for new and resale homes which is down from $225,000 in August and $253,000 in September 2007.  This data puts median home prices in Shasta County  29% below our highest peak in 2006 at $300,000.  The numbers that we are seeing now are more indicitive of 2004 sales prices (as the median sales price was $190,000 in April 2004).  Althouh meidan prices are down, DataQuick also reported that 168 homes were sold in Shasta County in September, a 7.7 percent increase from a year ago. For more information on our local real estate market visit our Real Estate Blog.

FacebookTwitterGoogle+Share

Redding Real Estate Statistics 10/13/08

Image of houseResidential Listings:  There are currently 1746 active listings and another 384 listings that are pending (in escrow).  Two weeks ago there were 1877 active listings with another 368 in escrow which was up from 1,702 active listings 4 months ago! 

     Historical Data for Closed (Sold) MLS Listings in Shasta County

  • 163 closed escrows in April 2008
  • 182 closed escrows in May 2008
  • 151 closed escrows in June 2008
  • 169 closed escrows in July 2008
  • 186 closed escrows in August 2008
  • 177 closed escrows in September 2008
  • So far there have been 41 closed escrows in October 2008 

Overall statistic for the year 2007: there were 2,140 listings that sold (closed escrow) and were recorded in the MLS database.  So far in 2008 we have had 1476 listings that have closed escrow. 

Click Here to search the entire Shasta MLS!

Are you thinking of selling your home?  Before selecting your agent make sure that they know where the market is going, where it has been and how they can help you to SELL your home, not just LIST it! 

If you are buying a home we’d love to help you find the home of your dreams.  Whether you are buying in 2 days or 2 years we can help you from relocation information, school data or neighborhood demographics to loan prequalification, previewing homes or sending virtual tours! 

Contact Clint and Mindy Cronic at Real Estate Professionals, GMAC today at 530.227.0345 for more information on how our agressive marketing strategy can SELL your home!

FacebookTwitterGoogle+Share

$250 Million in Loss From 1031 Exchanges

In recent years, according to the Treasury, there have been 23 instances of major fraud involving $250 million in estimated losses with properties undergoing a “1031 exchange”. Unfortunately the land owners have been unaware of the fraud which sometimes forces exchangers to get hit with large tax bills from the IRS. 

Those responsible for 1031 exchange fraud are generally the intermediaries that the landowner hires to hold their money until they are ready to reinvest it into a like property.  Instead of holding the money and merely earning interest or some other form of payment on the money these intermediaries will “borrow” the money and not be able to pay it back or outright steal it and leave town. 

If you are thinking of hiring an intermediary to hold your money from a 1031 exchange check to ensure they are a reputable company.  One well-known intermediary is Orexco, a subsidiary of Old Republic. 

Thinking about doing a 1031 exchange or wondering what the benefits are?  Click here for more information!

FacebookTwitterGoogle+Share

The Importance of a Home Inspector

If you are thinking of buying a home you should be familiar with what a home inspector is and why you would hire one.  First, a home inspector does just that-inspects the home.  Generally a licensed home inspector will help you to determine the major problem areas (if any) and help guide you to get further inspections if necessary.  In our area home inspections generally cost under $350 and provide a level of comfort to the buyer (who generally pays for the inspection if they so desire). 

The five areas that you want to ensure your home inspector inspects are: roof, electrical, foundation, plumbing and inspect the attic.  The inspector will review the electrical panel and outlets to ensure they are grounded, crawl under home if possible to check foundation, run dishwasher, sinks and toilets for leaks, look in the attic for insulation and/or pests.  Not all home inspectors are created equal so ensure you are hiring a reputable inspector and that they are licensed!  Also, a good home inspector will refer you to other inspectors (ie a roof inspector) as needed.

FacebookTwitterGoogle+Share