Gold Country CA Real Estate Blog and News

Foreclosure Activity Is Still Lower than the Norm


Have you seen headlines talking about the increase in foreclosures in today’s housing market? If so, they may leave you feeling a bit uneasy about what’s ahead. But remember, these clickbait titles don’t always give you the full story.

The truth is, if you compare the current numbers with what usually happens in the market, you’ll see there’s no need to worry.

Putting the Headlines into Perspective

The increase the media is calling attention to is misleading. That’s because they’re only comparing the most recent numbers to a time where foreclosures were at historic lows. And that’s making it sound like a bigger deal than it is.

In 2020 and 2021, the moratorium and forbearance program helped millions of homeowners stay in their homes, allowing them to get back on their feet during a very challenging period.

When the moratorium came to an end, there was an expected rise in foreclosures. But just because foreclosures are up doesn’t mean the housing market is in trouble.

Historical Data Shows There Isn’t a Wave of Foreclosures

Instead of comparing today’s numbers with the...

How to Prepare now to Sell in Spring - Amador County

Spring is the one of the BEST times to sell a home! If your plan is to list this Spring, make sure you are maximizing your biggest asset by preparing your home properly. There are a lot of things you can between now and Spring to make your property more attractive to Buyers and ensure a smoother transaction. Use this as your checklist to pre-sale prep!

Curb Appeal: Even though most homes in Amador County don’t have actual curbs, we still have to consider the exterior when selling. What is the first thing a Buyer will see when they pull up to your home? Maybe you need to trim some trees, paint, clear brush, or declutter your yard, deck, or driveway. You want potential Buyers to get excited about getting inside! I see Buyers get overwhelmed by home exteriors all the time. If your property looks hard to maintain, it could cost you a Buyer.

Time to Purge:  Decluttering your home makes a HUGE impact when it comes to selling. Not only will it make it easier for buyers to focus on the space rather than your stuff, but it can also make your space feel bigger and more peaceful. Clear surfaces, remove unnecessary items, or furniture.  Decluttering your home now will also benefit you when it comes time to move! Just think: less to pack, less to move.

 Minor Repairs: Most of us have small maintenance items we have been meaning to get around to. Doing those items now can help ensure a smoother sale. Things like, patching a hole, painting, replacing a screen, fix a leaky faucet. These are things that may otherwise be called out during an inspection.

Light it up: What do buyers want? Light and bright! Of course, natural light is important, but you may have areas that could benefit from a lamp, or accent light. You should also replace burnt out bulbs...

Homeownership Is Still at the Heart of the American Dream


Buying a home is a powerful decision, and it remains at the heart of the American Dream. Unlike renting, owning a home means more than just having a place to live – it offers a sense of belonging, stability, and freedom. According to Nicole Bachaud, Senior Economist at Zillow:

The American Dream is still owning a home. There’s a lot of pent-up demand for ownership; that isn’t going to go away.”

Let’s explore just a few of the reasons why so many Americans continue to value homeownership. 

The Financial Benefits of Owning a Home

One possible reason homeownership is viewed so highly is because owning a home is a significant wealth-building tool. That may be why Jessica Lautz, Deputy Chief and VP of Research at the National Association of Realtors (NAR), ...

Avoid These Common Mistakes After Applying for a Mortgage


If you’re getting ready to buy a home, it’s exciting to jump a few steps ahead and think about moving in and making it your own. But before you get too far down the emotional path, there are some key things to keep in mind after you apply for your mortgage and before you close. Here’s a list of things to remember when you apply for your home loan.

Don’t Deposit Large Sums of Cash

Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any cash into your accounts, discuss the proper way to document your transactions with your loan officer.

Don’t Make Any Large Purchases

It’s not just home-related purchases that could disqualify you from your loan. Any large purchases can be red flags for lenders. People with new debt have higher debt-to-income ratios (how much debt you have compared to your monthly income). Since higher ratios make for riskier loans, borrowers may no longer qualify for their mortgage. Resist the temptation to make any large purchases, even for furniture or appliances.

Don’t Cosign Loans for Anyone

When...

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