Most people don’t even know what a sewer lateral is…but it’s important to know what your responsibility is as a home owner. The sewer lateral is a part of the sewer that runs from the house to the public sewer main that runs under the street. The repair of a private sewer lateral is the responsibility of the property owner and it could be a costly item. Sewer laterals usually back up from roots, broken pipes and it’s usually not covered by your homeowners policy. Cities are now requiring homeowners to be in compliance with new regulations which mean that you need to have your sewer lateral in good condition with no repairs needed. The cost can range from $2000 and up. Most sewer laterals are old and need to be replaced, so if this happens to you call and find out what your city requires for repairing your lines.
The importance of a home inspection on a new house..just because you are buying a new home doesn’t mean that you shouldn’t get a home inspection. It’s my recommendation that you get a home inspection every time. Here are the reasons: What if there were problems with the foundation, plumbing, wiring etc. Just because it’s brand new doesn’t mean that the contractor that was building the house did it correctly. The final permit that was signed off doesn’t mean that the contractor did his job correctly and the building departments don’t always do a good job checking these items. Down the road issues are what you want to avoid. It’s a little money for the large investment that you are securing. Spend the money for your future investment!
The good news for investors is that you no longer have to wait the 90 day period before you turn a home. The department of housing waived the 90 day no flip rule on foreclosures. This means that buyers using the FHA financing now can benefit from an investor who goes in and makes the house beautiful…and turn it quickly. FHA appraisals have not been easy with all the new requirements from appraisers/lenders. The investor is interested in turning the house quickly making some profit and the buyer is looking for something that shows new, it’s a win win situation.
Realty World Selzer Realty had a Red Hot Weekend participating in the 5th annual Human Race!
We had approximately 40 participants in our group all wearing Realty World Selzer Realty shirts and a few donning red wigs and hats… Collectively we were able to raise over $1000 to support the Cancer Resource Center of Mendocino County and the Humane Society of Inland Mendocino County.
It was so wonderful to go out as a group and participate is such a lighthearted fun day! Everyone was laughing, smiling and so eager to get a little exercise. It was really cool to look around and see 10 HUGE (40 inch) Realty World Selzer Realty balloons bobbing through the air. What a fun, beneficial Mendocino County event!
Realty World Selzer Realty market share for January 1, 2010 to April 21, 2010 is impressive. We have a market share of 47% with Full Spectrum at 25%, Coldwell Banker 22% and Bev Sander at 7%. This is important news if your trying to sell your home…you want the best company performing for you, just look at these numbers.
USDA is one of the only 100% financing programs still available today. Most Californians are eligible for this program, it includes new homes, bank owned and short sales. There is no maximum sales price or loan amount, family size and location of the home will determine how high loan amounts can go. The minimum credit score is 620, credit qualifying is similar to FHA financing. Seller can contribute towards buyers closing cost, no limit on this. It’s the best loan out there right now.
