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What are interest rates today, 7-25-10?

Rates – Seriously, how low can you go???

Conventional 30 Year - 4.25%-4.375%
Conventional 15 Year - 3.625%-3.75%
FHA/VA 30 Year - 4.25%-4.375%
Jumbo Conventional - 30 Year 4.50%-4.625%
Investor 30 Year - 4.75%-5.0%

Want to learn more? Give me a call and I’ll hook you up with a great lender who will help you save money! 

Open Saturday 11-2 – Just Listed – 230 Timberline, Auburn CA

This wonderful one-owner home in a delightful South Auburn neighborhood was built by the original owner-contractor, & meticulously maintained! Three bedrooms, 2 baths, plus downstairs suite with bedroom, living room & full bath, perfect for inlaw or teen setup, plus enclosed 200SF sun room. RV access & hookups! Near new HVAC & roof. Convenient to shopping, walking distance to Old Town, Farmer’s Market, Auburn Rec Park & Fairgrounds. Close to canyon trails too! This is a great place to call home!Check out the video tour!

The details:

4 bedrooms, 3 baths
2600 SF
Roof 1 year old, heating and air 2 years old!
Dual pane windows throughout
Outbuilding with power
RV access and hookups
Nice deck with pergola and seating area
Near new hot tub included
Turnkey condition
Convenient to shopping & transportation

Call Noel for more info at 530-305-8409

Cute, remodeled, affordable home for sale in Rancho Cordova, CA – $143,500

Take a look at this darling house in a quiet neighborhood. It’s turnkey and ready to move right in.

Light & bright turnkey home on a quiet loop, ready to move right in! Completely remodeled in 2008, it has 3 bedrooms, 2 baths and has 1256 square feet. There are new dual pane windows, new roof, heating & air, tile floors, original wood floors, granite counters & stainless appliances, remodeled bathrooms, new stucco exterior, paint inside & out. Large lot with a fenced & covered courtyard to relax in, apple & plum trees in the backyard. Not a short sale or REO – easy to buy and close! Clear Pest Report!

Please see the video tour!

I want to buy a house. How do I prequalify for a loan?

You are ready to buy a home. Your friends and family say, “you need to get prequalified for a loan.” So what does that mean? Check out this video to find out the ins and outs of prequalification and preapproval.

For more information on the how-tos of home buying & selling, call:

Noel Crider
Keller Williams Realty
(530) 305-8409
email: ncrider@kw.com

To get prequalified or learn more about the latest loan programs, call:

Scott Cooper
Big Valley Mortgage
(916) 412-9530
email: scooper@apmortgage.com

Real Estate Roundtable – How to get your offer accepted.

So you’re prequalified, your down payment is in the bank, your credit is up to snuff. You are ready to buy a house. You find the perfect home, and an investor comes in with cash and snatches it out of your grasp. Frustrating? Definitely. So what can you do differently to increase your chances of getting your offer accepted?

Today I talked to Scott Cooper at Big Valley Mortgage who has some great tips on how to do just that! Take a look:

If you are thinking about buying or selling a home, or just need questions answered, call:

Noel Crider
Keller Williams Realty
(530) 305-8409
email: ncrider@kw.com

To get prequalified or learn more about the latest loan programs, call:

Scott Cooper
Big Valley Mortgage
(916) 412-9530
email: scooper@apmortgage.com

Real Estate Round Table – What are interest rates today? Incredible!

Noel Crider of Keller Williams Realty in Auburn, CA, and Scott Cooper of Big Valley Mortgage discuss today’s incredible rates, and a couple of great programs you can take advantage of right now to make the best of your real estate buying experience!

To buy or sell a home, or learn more about the home buying or selling process, call:

Noel Crider
Keller Williams Realty
(530) 305-8409
email: ncrider@kw.com

To get prequalified or learn more about the latest loan programs, call:

Scott Cooper
Big Valley Mortgage
(916) 412-9530
email: scooper@apmortgage.com

Views, views, views! Check out this home for sale in Auburn CA!

Vacation at home in this wonderful rural retreat! Just 12 minutes from the freeway or downtown Auburn!

 
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Absolutely spectacular views from this lovely,  spacious home. Built by the owner in 2003, it speaks quality & comfort throughout. It has a beautiful, open kitchen with custom cabinets & granite slab counters which opens into the large family room with a custom built-in entertainment center. The master suite has its own gas fireplace and sitting area. The master bath has two vanity areas, a walk-in shower with a regular head and with jetted tub takes in the view, 2 beds w/jack-n-jill bath, office, & large bonus room above the garage with a 4th bedroom & full bath. Extensive (2000 sf) composite decking leads to built-in pool which takes in the view! Perfection! Check out the video tour!

 The details:

4 bedroom
3.5 baths
4140 square feet
Spacious open floor plan with wood floors in the main area, carpet in the bedrooms and tile in the bathrooms
Kitchen with granite countertops, custom cabinets, and breakfast nook to enjoy the view
2,000 SF of composite decking
5 acres
Views to die for!
Built-in pool & spa – views included!
Separate Office
Bonus room above garage with one of the bedrooms and full bath
Huge master suite with gas fireplace, sitting area, and wonderful bathroom retreat with jetted tub

This is a must see at a great price. Not a short sale or REO…

History abounds in Auburn, CA – The Placer County Courthouse

Written by Lonnie Crider   

Anyone who has travelled the Highway 80 corridor over the years couldn’t possibly help but notice the shining dome of the beautiful Placer County Courthouse which stands like a proud gatekeeper to the city of Auburn.

As it turns out, this Historical Placer County icon, which was designated a National Historic Site in 1960, has a colorful history as do most court houses and historical government buildings throughout the historic “Gold Country.”

As is the case with many early communities, the grounds on which this building was constructed attracted major activities of the early populace of Auburn due to its popularity and location next to established transportation routes. The hilltop where the present courthouse stands was once the site of bull and bear fights as well as public hangings, all of which were popular spectator sports in the early days of California!

An 1851 California Legislative Act organized the state into counties, at which time the County of Placer was formed, and Auburn was designated the county seat. At that time, a small structure made of wood and canvas was constructed where the court hearings of the Honorable Judge Hugh Fitz Simmons were conducted. Next to it was a jail constructed of logs, a common practice in early California history in which burgeoning communities had little or no infrastructure funds.

The next year, the contract to build a more permanent structure was awarded to Mr. Isaac Tidd for the sum of $16,000. The new 2 story wooden courthouse was completed in 1853 and housed courtrooms, as well as various county offices. The jail remained annexed next to the courthouse until 1855 when Auburn suffered its first major fire. Fortunately the courthouse was saved, however the jail was destroyed. A new separate jail was built.

Over the next 40 years the wooden 2 story courthouse and jail were refurbished on several occasions, but eventually became obsolete due to lack of space caused by growing activities in the courts, jails and recording offices.

In 1891, Placer County released a bid award to John M. Curtis to build a new 3 story masonry building similar to the ones he had designed and built for San Francisco, Santa Cruz and Sonoma County. The finished cost for the project would total a staggering $172,583, a large commitment of public funds at that time.

The old courthouse had to be moved to make way for the new structure so it was put on rollers and moved over to one side while construction commenced. The old wooden building was finally destroyed in 1897.

The new courthouse, which included a jail and hall of records, was constructed in sections. The first section was completed in 1894, with subsequent sections completed and dedicated with great fanfare on July 4, 1898. The “modern” Courthouse was now home not only to the court system but to the Sheriffs office, Agricultural Commission, Treasurer, Auditor, District Attorney, Recorder, Tax Collector and Superintendant of Schools……a truly integrated county facility of its day.

The old replacement 300 lb. steel bell, which had travelled around the Cape Horn in 1859 (the old one in the original wooden building had been cracked and put forth “mournful sounds”) was placed in the new building and served as a the community communication method, announcing important court activities, as well as a call to firefighters, and for the celebration of holidays and social events.

The water fountain in the center of the planter at the entrance of the parking lot was donated in 1908 and was moved to that location in 1976. The first elevator was installed in 1946 for a whopping $14,000!

During the pre-World War II years, the courthouse experienced further growth needs. In 1959, after a few decades of radical post-war growth in California and Placer County, property was purchased and facilities built in close proximity, while ancillary non-court functions migrated to larger and more modern facilities.

Shortly after the declaration of the courthouse as a Historical site in 1960, those who were saddled with the practical task of dealing with crowding in the old courthouse proposed that the courthouse be abandoned, and even leveled, as a way to relieve the county of growing maintenance, preservation and modernization responsibilities.

Public opinion was drastically opposed to such a plan and, as a compromise, the Courthouse was designated for judicial purposes only, and the efforts to acquire local adjacent land and relocate ancillary government functions accelerated.

In 1982, a group of citizens formed the “Placer County Committee to Preserve the Courthouse for Courts,” and through grants and outside donations amassed over $3 million. This, coupled with additional funding, led to its first modern day restoration project which lasted from 1986 to 1990.

An additional cosmetic and parking facilities improvement and restoration was completed in 2009, and although the new modern Bill Santucci Justice Center is now open in Roseville, the Auburn Courthouse still functions as a Placer County annex Court facility to this day.

The great news is not only is the “Old Courthouse,” as the locals refer to it, still vital and active, it also houses one of the most complete and interesting museums. A great educational experience for both adults and children, the Museum Gallery, which once housed the jail, provides an overview of Placer County History. Included is a Native American art exhibit, an impressive gold collection inside the former treasurer’s office in the lower vault, and the original Sheriff’s Office has been restored with its 1800’s furnishings, and looks as if the Sheriff is about to walk into the office to collect a prisoner for a court appearance!

So treat yourself on your next excursion to the Gold Country! Take the Maple Street exit to 101 Maple Street, or schedule a group tour by calling (530) 889-6500. The museum is open from 10am-4:00 pm daily (closed holidays) and it is FREE!

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Stupid or broke?

A recent article in BusinessWeek made this bold statement in reference to fence-sitters in the current real estate market. Marc Roth’s statement makes us stop and take notice.

In 1986, my husband and I purchased a home just south of Tucson, Arizona, in the small rural town of Sahuarita. It was a purchase necessitated by a job transfer, and at that time, we paid right around 17% interested on our $90,000 home.

Why is now the right time to buy?

1. Interest rates are historically low, right around 5%.
2. Home prices have taken huge discounts, and are now showing signs of steadying. 
3. It is expected that interest rates will increase as the economy begins so stabilize.

I want to wait until prices drop further.

Let’s say you decide to wait for another 10% drop in home prices. Just a 1 point rise in interest rate on a typical 30-year-fixed loan will negate any benefit from that 10% price drop.

Roth states that for every quarter-point rise in interest, expect an increase of debt in the amount of $6,000 over the life of the loan for every $100,000 borrowed.

Here’s an example: You want to buy a $200,000 home with 20% (or $40,000) down. Over the course of this loan, each quarter-point increase in interest rate will cost you $12,000 over the life of the loan.

The bottom line is that if you are planning to buy a home now or in the near future, it’s wise to pay more attention to the interest rates than the price of the home.

Read more about the benefits of buying a home.

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Buy a Home in 2010

Are you a first-time homebuyer? Are you a homeowner considering purchasing an investment property? Either way, you are among a large group who are planning to buy a home in 2010.

A recent Move.com survey revealed that many Americans have “buying a home” as one of their top New Year’s Resolutions! 17.7% of Americans want to be come First Time Home Buyers and 15.7% are planning to purchase an Investment Property.

Here are the Top Four Reasons to buy now!

1. Record Low Interest Rates.

2. Record Low Home Prices.

3. Tax Credits for Home Buyers – through April 30, 2010.

4. Tax Benefits of Home Ownership over the long term.

Read more about the benefits of buying a home.

If you like what you’re reading here at View From the Foothills, why not subscribe to receive automatic updates!