Mike’s Real Estate Show

 

First Republic Bank–Prestige Home Index ™ Luxury Market looking Good!

October 8th, 2007 . by Mike Kelly

California Luxury Home Values Continue to Rise
Values Increase Modestly in Los Angeles, San Diego and San Francisco
 
August 21, 2007
 
SAN FRANCISCO – Modest year-over-year gains in the second quarter of 2007 increased luxury home values to highs in Los Angeles, San Diego and San Francisco, according to the First Republic Prestige Home Index(TM) by First Republic Bank, a leading provider of private banking, private business banking and wealth management services. Read the rest of this entry »

Noted “Wetlands Mitigation Land Bank” expert Nathan Botwinik shares some thoughts on endangered spieces, habitat preservation!

September 21st, 2007 . by Mike Kelly

Below is a piece contributed by Nathan Botwinik–pioneer in the field of “Wetlands Mitigation” which has allowed the preservation of endangered spieces in the Santa Rosa plain. His thoughts:

I want to say you have quite a website and I am honored to be asked to enter the BLOG world. I am somewhat a neophyte in this new technology and hope that I can contribute to your blog.

I am sure most folks say wonder why we preserve species of concern and others think the entire process is run by tree huggers. I simply say that you need to comply with “THE AGENCIES”. You need to balance the scales of nature in “Their Eyes” get their approval for your project, deal with the mitigation if needed and complete your project.

Wetland preservation and preservation of habitat for species of concern - both flowers and animals is controlled by the State and Federal Agencies. The County were you live may have control over zoning, percolation and what can be done with your land - but the final say for a building permit will be set aside by the Planning Department - if your in a habitat or wetland area - until you have gained the necessary agency approval for your planned building, school, church, road, municipal building or a subdivision development of every type. The County has nothing to do with the approval process - they will seek that approval before they issues permits in known area of concern…. so do not beat up your Supervisors or county employees they are not in the loop.

I started dealing with vernal pool mitigation in 1995 - and I remember folks would say you’re doing what? I showed up at the VFW hall in Santa Rosa and after the first introduction to mitigation… I stood up and said you mean to tell me that 40 acres on
Todd Road

that does not perc and is the only spot on that road to be flooded from this parcel is what you’re wanting….. YES… I took that parcel with the assistance of Marco Waaland (Golden Bear Biostudies) and helped to establish the first preservation/restoration bank in Sonoma County…. by the way - it only took us three (yes 3) years to gain full approval… time in my the mitigation world is very slow.

I think I made a wise choice at that point of life to use my education and real estate broker knowledge to enter into a fledgling industry. Mitigation is a feel good occupation and it financially has been a great way for me to enter the “golden years” of my life when you semi-retired (you just do not have the get up and go to work 40 hours a week).

I can continue to write about wetlands for days but I think that I will simply start my BLOG debut with some quick facts and if any of your folks on line have questions - I would welcome sharing my knowledge if I can be of service.

1. NO ONE is exempt from FEDERAL regulatory agencies - schools, city and state agencies and even Indian Gaming locations. The only person/persons that are exempt are the military.

2. Caltrans is not exempt and has been a good client for mitigation to deal with their impacts for wetlands and trees.

3. The process of finding out what it takes to avoid or mitigate your impacts is costly and timely. Do not be put off if you have a project delayed up to 12 (twelve) months waiting for THE AGENCIES to respond and give you instructions on how to deal with your impacts. Time is money so be careful when you buying real estate or planning changes to your home.

4. The County you live in has little or nothing to do with mitigation issues. The planning department should be aware of areas in your county that have wetlands or species concern and normally require you to have Federal and State approvals before you are granted a building permit.

5. When you sell real estate and you’re in an area of species or habitat concern is sure your Realtor has made a full disclosure of that fact. I know your saying I am not an expert in that area and your correct so simply say what you no and it is should keep you out of trouble. Seek legal advice is a good idea and will allow you to sleep at night better after you sell property.

6. If you’re buying real estate and this issue of wetlands, creeks, water ways, species of concern pops up - get some words of wisdom from you local ecologist and Realtor on what to do to deal with the impacts on what is FAIR MARKET VALUE if your buyer has to deal with mitigation. That issue can break a deal or become a legal issue real quick.

7. GO slow in my world of mitigation and be ready for waiting for the rainy season for delineations and spring time for flower counts and then when it is dry for another delineation. The cost of an Ecologist might keep you out of a deal that will cost you more to mitigate than the property you’re buying.

8. Finally - I feel you’re not going to beat THE AGENCIES, they will outlast you in court, they have the power and will use to shut down a project and the penalties for breaking laws and this can be more than you want to deal with.

I have ended my 1st BLOG and it did not even hurt. I welcome questions and let it happen.

PS - I have know Mike Kelly for over 20 something years and KUDOS to him for what he is doing and allowing me to share some of my knowledge with you all.

Also, I do not wear eye glasses with white tape and do not have a plastic pen holder in my pocket - hum. I am simply a Land Broker that has a BA in Biology that I finally can use…

Here are costs and factors in the Mitigation process

1. Costs. why how

2. Banking

3. Credits

4. Wetlands

5. Vernal Pools

6. Creeks

7. Habitat

8. Agencies

9. I do not have that species! How to prove to the agencies you do not or it might be cheaper to say you do and mitigate

10. Time issues

11. Real Estate issues… got to be careful we do not give legal advice

I can write for hours… if you have a business group that needs a speaker let me lose for 15 minutes and I will bring Darren from Golden Bear Biostudies with me to get down with hard data and all the Latin names and protocol with agencies and costs.

Nathan Botwinik

Vernal Pool Technologies, LLC
The Wetland Guy (Biologist)
www.WetlandServices.com
Nathan@WetlandServices.com
Homes and Acreage Realty
Nathan Botwinik (Broker Owner)
www.Homes-Acreage.com
Nathan@Homes-Acreage.com
475 Noonan Ranch Lane
Santa Rosa, California 95403
Office: (707) 569-9404
FAX Line: (707) 569-9488

This Week’s Show! September (already!!) 16th 9 to 10am PST Preview!

September 14th, 2007 . by Mike Kelly

Old friend and long-time good-guy, John Durand of Christopherson Homes will be my guest on the show this week. Obviously we’ll be talking about the “New Home” market and how the good folks in this benchmark Sonoma County building company are getting through this “market correction”. We’ll also be chatting up the recent appearance of the California Association of Realtors economist, Dr. Robert Kleinhenz here in Sonoma County. Here are some of his remarks:

  • Last two market corrections we had in the late 70’s and late 80’s were Recession based. This correction, luckily, is NOT recession driven but is Affordability driven. More on this on the show.
  • How long will this correction be? He is forecasting 1 to 3 years. This is predicated on interest rates, the shake-out in the mortagage industry.
  • Interest rates lowered equal better affordability. For every 1% in lower interest rates this equates to 4% more in affodability. Right now our affordability in Sonoma County is hovering around 20%. This means only 20% of our citizens can afford to buy the median priced home based on their salaries/incomes!

 

Brokerage Fees and the Department of Justice-Disclaimer–all fees are negotiable in California!

September 2nd, 2007 . by Mike Kelly

I just wanted to give some historical context as to the fury over brokerage fees. The DOJ (Department of Justice) has been prodded to explore the alleged “fixing” of brokerage fees and the “boxing out” of discounted or NOT full service companies. Remember, we are coming off the GREATEST real estate market in history. Read the rest of this entry »

Consumer Credit Counseling Service–Strong-arm your ARM!!

July 21st, 2007 . by Mike Kelly

Strong-arm Your ARM:
How to Prepare for Rising Interest Rates

If you are a homeowner with an adjustable-rate mortgage, you may be worried about your finances every time interest rates rise. To prepare for the hike, know how ARMs work (many people aren’t completely aware of the details) and what you can do to plan for future payment increases.

ARM Basics
The most common reason homebuyers choose adjustable-rate mortgages (ARMs) over fixed-rate mortgages is because of the comparatively low initial interest rate and the affordable monthly payment. However, the name says it all – the interest rate is adjustable – and when the period of fixed interest ends, your payment will change with whatever index the loan is based on. Read the rest of this entry »

Great Realty Times Article on Foreclosures!

February 28th, 2007 . by Mike Kelly

Questions and Answers over Property Foreclosures
by Nicolla Moore

In today’s real estate marketplace, the number of property owners who are behind in their mortgage payments has dramatically increased. The number of default notices and foreclosures is also rising. Unfortunately, a significant number of property owners who are in danger of losing their homes instinctively take actions which are detrimental to maintaining their property. Property owners need to be educated about the financing options available to them. Implementing the proper strategies early on is the key to helping property owners preserve their investment and protect their credit. Read the rest of this entry »

Affordability–thing of the past?

February 26th, 2007 . by Mike Kelly

The “National Association of Home Builders (NAHB) recently came out with some startling Housing Opportunity Index (HOI) numbers which they jointly compile with Wells Fargo banking services. THE most affordable area? Indianapolis with 89% of home sold in the fourth quarter being affordable to families earning the area’s medium household income of $65,110. Conversely, Sonoma County is about 10% in the HOI! Or, 9 out of 10 folks could afford to buy with their area’s medium income in Indi and 1 out of 10 can afford to buy in our area!! The medium priced home in Indi? $113,000 (down from a high of $122,000!!). Actually, in our area you would have to earn something like $100,000 to afford the medium home price of $$542,000.  But you probably KNOW THAT DON’T YOU!!

Fast Facts from the California Assoc. of Realtors

August 31st, 2006 . by Mike Kelly

Factoids As of August 31, 2006

 Let’s keep things in perspective. The rates as quoted below are still spectacular! I’ve been in Sonoma County real estate for 28 years. I sold homes at 18.5% Interest rates!! Read the rest of this entry »

The Conference Board–Consumer Confidence Index Declines

August 31st, 2006 . by Mike Kelly

  Could this be the culmination of our slumping real estate market? Consumers see a gloomy housing situation and it carries over to consumer confidence of the overall economy? Throw in a lack of adjustable rate mortgages which shuts out many future and prospective homebuyers and we get the Sellers feeling down and out? Read on! Read the rest of this entry »

Latest California Home Sales from C.A.R.

August 31st, 2006 . by Mike Kelly

C.A.R. reports sales decrease 29.9 percent in July, median price of a home in California at $567,360, up 5.1 percent from year ago

LOS ANGELES (Aug. 24) – Home sales decreased 29.9 percent in July in California compared with the same period a year ago, while the median price of an existing home increased 5.1 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. Read the rest of this entry »

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