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.
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.
HOMEOWNERS ARE STAYING PUT LONGER THAN EVER BEFORE:
Homeowners are staying in place longer than ever before, despite the growing amount of equity in their homes.
A new report from First American – a provider of title insurance, settlement services and risk solutions for real estate transactions – reveals that the median tenure for homeownership has jumped to 10 years, up 10% from last year.
By comparison, the median tenure in the pre-crash days of 2007 was four years, and in the aftermath of the market’s meltdown – when many homeowners couldn’t move because they were underwater on their properties – the median tenure was seven years.
Why are homeowners choosing to stay put longer than ever before?
Read the full story.
Source: Housing Wire (Article courtesy of California Association of REALTORS®, Market Matters, November, 2018)
MORTGAGE RATE SLIPS IN FIRST WEEK OF NOVEMBER:
‘Not everything is coming up perfectly roses,’ says one housing-watcher. Rates for home loans declined as bonds caught a bid, offering some breathing room for stretched home buyers.
The 30-year fixed-rate mortgage averaged 4.83% in the November 1 week, down 3 basis points, mortgage finance provider Freddie Mac said Thursday. The 15-year fixed-rate mortgage averaged 4.23%, down from 4.29%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 4.04%, a 10-basis point drop.
Source: Market Watch (Article courtesy of California Association of REALTORS®, Market Matters, November 2018)
Did you know that homeowners pay between 80 & 90 percent of all federal income taxes? Be an informed homeowner . . . Homeownership matters!
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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
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