Shasta Association of REALTORS® Consumer Information


WHY CHOOSE A REALTOR®?:

The idea of homeownership can be both an exciting and terrifying  experience for most consumers.   Thankfully,   there   are   REALTORS®  to address your questions and/or concerns of  a real  estate transaction.

A REALTORS®’ abilities and skills stem from several factors, including, the mandatory educational requirements of the State of California, Bureau of Real Estate, for licensing; and the completion of initial and continuing Code of Ethics training mandated by the National Association of REALTORS® ("NAR").  It is this education and training that demand professionalism and competency of all REALTORS® to assure your best interests are represented from your initial interview through close of escrow.

Therefore, when selecting a REALTOR®, we suggest you do your homework, to include:

  • Confirming their licensing status;

  • Seeking referrals from family and/or friends;

  • Interviewing at least three candidates; and

  • Requesting candidate references.

Additionally, NAR recently reported on a new study by Collateral Analytics Research indicating that For-sale-by-owners, aka FSBOs, even successful FSBO sellers achieve prices “significantly below” those from similar properties sold more traditionally via REALTORS®.

Armed with the foregoing information, you can then make an informed decision in choosing a REALTOR® with intimate knowledge and experience of the real estate market necessary to successfully navigate the waters of the sale or purchase of a home.


MULTIPLE LISTING SERVICE:

Shasta Association of REALTORS® belong to and participate in a Multiple Listing Service (“MLS”) which is utilized daily for sharing and promoting properties for sale within our community.  Such a service broadens the exposure of those properties to hundreds of REALTORS® and members of the public resulting in the successful sale and purchase of a property.

Additionally, the MLS also allows REALTORS® the ability to monitor the competition while maintaining a pulse on the ever changing real estate market thereby providing sellers and buyers with the most accurate and reliable property information available.  We encourage you to discuss the benefits of including your property on the MLS with your REALTOR®, and invite you to view current properties for sale within our area by visiting FlexMLS Property Search.


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OPEN HOUSE:

Your property is “For Sale” but have you considered the benefits of an Open House?

The National Association of REALTORS® recently reported that despite all the changes technology has made in the housing market, the Sunday open house has undoubtedly been a tradition in real estate industry.  In fact, it is a tradition  that  is  still  alive  and  growing, as Google  search  data  shows,  and  nationwide, public  interest in open  houses seems to have increased over time.

This  increased  interest  may  benefit  both  a buyer and seller by providing an up-close and personal preview of a home that goes beyond its layout and physical characteristics, thereby, boosting its exposure and marketability. 

In light of the foregoing, the Shasta Association of REALTORS® proudly offers  ShastaOpenHouse.com which is specifically designed to promote an Open House at your property while showcasing the properties features and amenities. 

Additionally, although today’s technology provides photographs and information about countless properties for sale, it cannot take the place of a personal viewing of a property.  Therefore, in response to this need, REALTOR® members have the ability to offer other REALTOR® members an up-close and personal tour of a property through our “Tour of Homes.”  This affords our REALTOR® members an opportunity to (1) personally share specific information about a property; and (2) gain personal knowledge about a property that may meet a buyer’s particular need.  If you are interested in learning more about this feature, please contact your REALTOR® today.


HIDDEN COST OF HOUSING:  How a shortage of construction workers is making out crisis worse

In a recent report from the California Association of REALTORS®, as the Bay Area scrambles to find housing for its growing population, developers are running into another kind of shortage: There aren’t enough construction workers to build the homes the region needs.

Builders throughout the area say they are struggling to recruit skilled laborers.  Some bring in employees from Southern California or even Seattle, putting them up in hotels.  Others hire workers from the Central Valley who spend hours driving to job sites in the wee hours of the morning only to arrive exhausted, forced to squeeze in quick naps before the workday starts.

The challenge of finding workers only exacerbates the Bay Area’s housing shortage.  Despite a dramatic increase in permits for residential construction since 2009, construction jobs have increased at less than one tenth the pace of permits.  As a result, wages and the overall cost of building are increasing, forcing some developers to delay projects or, in some cases, not build at all.

Source:  The Mercury News . . . read the full story HERE.  (Article courtesy of California Association of REALTORS®, Market Matters, March 2018)


FEDERAL RESERVE RAISES INTEREST RATES FOR FIRST TIME IN 2018:

The California Association of REALTORS® reported that as expected, the Federal Reserve announced Wednesday that it is increasing the federal funds rate for the first time in 2018.

Earlier this year, observers placed the likelihood of the Fed increasing rates by 25 basis points at the end of its March meeting at more than 75 percent.

And Wednesday, that’s just what the Fed did.  Citing the strength of the economy, the Federal Open Market Committee voted to increase the target range for the federal funds rate to between 1.5 percent and 1.75 percent.  Previously, the target range was 1.25 percent to 1.5 percent.  “Information received since the Federal Open Market Committee met in January indicates that the labor market has continued to strengthen and that economic activity has been rising at a moderate rate,” the Fed said in a statement.

Source: Housing Wire . . . click HERE for the full story.  (Article courtesy of California Association of REALTORS®, Market Matters, March 2018)


Did you know that homeowners pay between 80 & 90 percent of all federal income taxes? Be an informed homeowner . . . Homeownership matters!

Click here for Homeownership email updates.


CONSUMER SERVICES:

Whether you are buying or selling  a home    around the corner or across town, your REALTOR® can direct you to the services needed for a smooth transition.

AREA RESOURCES / UTILITIES:

City of Anderson • www.ci.anderson.ca.us • Building Department • (530) 378-6636

City of Redding • www.cityofredding.org • Building Department • (530) 225-4014 • Housing Division • (530) 225-4048 • Animal Regulation/Haven Humane • (530) 241-2550 • Redding Electric Utility (REU) • (530) 339-7200 • Transfer Station & Recycling Center • (530) 224-6201

City of Shasta Lake • www.ci.shasta-lake.ca.us • Building Department • (530) 275-7450 • Housing Division • (530) 275-7464 • Animal Regulation • (530) 275-7480 • Electric/Solid Waste Utility • (530) 275-7400

County of Shasta • www.co.shasta.ca.us • Building Division • (530) 225-5761 • Housing Authority • (530) 225-5160 • Tax Assessor • (530) 225-3600 • Tax Collector • (530) 225-5511 • Veterans Services Office • (530) 225-5616

Pacific Gas & Electric • www.pge.com • (800) 743-5000

USA North / 811 “Call before you Dig • www.usanorth811.org • Call 811 or (800) 227-2600

OTHER RESOURCES:

Redding Chamber of Commerce • www.reddingchamber.com • (530) 225-4433

United States Postal Service • www.usps.com • Yuba Street • (530) 246-2571 • Churn Creek Road • (530) 223-7523

California Department of Fair Employment & Housing • www.dfeh.ca.gov • (800) 884-1684

California Bureau of Real Estate Appraisers • www.orea.ca.gov • (916) 552-9000

California Contractors State License Board • www.cslb.ca.gov • Licensing & Consumer Information • (800) 321-2752