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Lynn's Home Team
Coldwell Banker Ponderosa Real Estate
7020 Skyway
Paradise CA 95969
Office: 530-872-5435

Lynn's Home Team's Blog

Lynn's Home Team

Blog

Displaying blog entries 1-10 of 85

First Time Home Buyers - $7500 Tax Credit!!!

I am not surue if you heard yet, but Wednesday, the President signed the Housing and Economic Recovery Act of 2008.  There are a lot of great things in the recovery act that will surely have a positive impact on both the Paradise real estate market and the national real estate market.  

One of the provisions that I wanted to tell you about is a $7,500 tax credit for first time home buyers who close on a new home between April 9, 2008 and June 30, 2009.  Check out this link to an article that was featured in Fox News.  It provides more detail and it is something that everyone should look through even if you are not currently active in the real estate market.   

You can also find more information at www.federalhousingtaxcredit.com, including a great Frequently Asked Questions page.

If you have any questions or want to start to look for your first home, just let me know!

Cleaning Up The Ash Around Your Home

As we all struggle with the clean up from the Paradise wildfires and work to putting our homes back together, one of the most important things we have to remember is that the ash leftover from the fires can be extremely dangerous. Though the ash from the fires is relatively nontoxic and similar to the ash you can find in your fireplace, any ash will contain small amounts of cancer-causing chemicals. Fire ash can also be extremely irritating to sensitive skin, noses, and throats.

So I wanted to send a few tips over that may help get your Paradise home back in order, but PLEASE BE CAREFUL. 

Here is a list of recommendations that we should all follow to ensure that the ash is cleaned up and disposed of safely & efficiently:

1) DO NOT use leaf blowers to blow the ash out.

2) DO NOT hose the ash particles into storm or other drains.

3) Lightly mist surfaces (indoor and outdoor) with water before gently sweeping ash.

4) Be sure to only use vacuums with HEPA filters.

5) Never allow your children to play in the ash.

6) Wash ash off all toys and other household items before using.

7) Wear gloves, long sleeved shirts, and pants to avoid skin contact with the ash.

8) If your skin does come in contact with the ash, wash immediately.

9) Wear fitted dusk masks to protect your face from particles.

10) Place collected ash in trash bags for disposal.

This is just a basic list of recommendations. Please use caution when cleaning and removing the ash from your homes and if it looks like it is beyond a "do-it-yourself job", call a professional!

While Getting Things Back To Normal in Paradise, Get them GREEN

There is no question, we have been through quite a rough patch here in Paradise.  If you were fortunate enough to stay in your home, it is unlikley that your piece of real estate in Paradise was  left unaffected by the fires. 

Therefore, over the next few weeks, I am going to dedicate my blog to sharing what I believe may be some helpful hints that you can use as idea generators or resources as you attempt to bring a little life back into your property.  I can't offer any quick fixes, but a few decorating tips, gardening tips and home improvement ideas may be just the inspiration we all need!  Lord knows I have my moments where I could use some!

So for my first tip...use some bamboo.  In my opinion bamboo has this wonderful way of making people feel like I they are on vacation, it has a very calming effect.  And the bonus, it is  usually much more sustainable, eco-friendly and affordable than other wood types.  An idea I came across while browsing through some magazines, was to use the bamboo to cover the supporting structure of decks and stairways.  Assuming the fires left your wood/concrete supports still stable, but maybe just slightly stained or discolored.  You can try covering the areas of the stabilizers and of parts of the deck with bamboo.  Give it a fresh look, a calming look and be good to the environment.

Wishing you all the best while getting back to "normal."

UNBELEIVABLE PRICE REDUCTION!!! LOCATION LOCATION LOCATION. THIS HOME HAS ALL THREE. IT'S LOCATED IN A WONDERFUL NEIGHBORHOOD ON THE WEST SIDE OF TOWN ON THE CORNER OF A PRIVATE LANE. THE LOT IS .47 ACRES WITH A MEANDERING STREAM. HUGE MATURE CAMELLIAS SURROUND THE REAR DECK. INSIDE IS A LOVELY ROCK FIREPLACE IN THE LIVING ROOM, TILE COUNTER TOPS IN THE KITCHEN, BERBER CARPET THROUGHOUT. THERE IS AN ATTACHED GARAGE AND PLENTY OF RV PARKING.  SELLER IS IN THE PROCESS OF INSTALLING A NEW ENGINEERED SEPTIC SYSTEM.  CURRENTLY BEING OFFERED FOR ONLY $175,000.  CALL TODAY FOR A SHOWING OR FOR MORE INFORMATION.

6112 RIPLEY LANE, PARADISE

CALL LYNN FRANKLIN, 530-872-5435, lynn@lynnshometeam.com.  

A GREAT OPPORTUNITY FOR BUYERS TO GET ACTIVE IN THIS PARADISE REAL ESTATE MARKET.

 

In the event a wildfire comes near your Paradise home

The Butte County Fire Safe Council has done some mailings with information on how to protect yourself in the event a wildfire passes by your home here in Paradise and Butte County.  In case you haven't received this information, I wanted to pass it along to everyone that may find it helpful here in Paradise.

If you are unable to evacuate when a fire approaches your Paradise home:

  • Stay inside your house, away from outside walls and away from the area of fire.
  • Keep all doors closed, but leave them unlocked.
  • Keep your entire family together and REMAIN CALM.  Remember, if it's hot in the house, it's four to five times hotter and more dangerous outside.  Exit after the wildfire passes.

After the fire passes:

  • Check the exterior and roof immediately; extinguish all sparks and embers.
  • Check inside the attic for burning embers; extinguish any you find.
  • Check your yard for burning woodpiles, trees, fence posts or other materials and extinguish.

For information on fires, evacuations, and returning to your home listen to the

Paradise Town Radio: 1500 AM

Upper Ridge Radio: 1460 AM

Information taken from the Butte County Fire Safe Council.

Lynn's Home Team - Our Paradise Featured Home For Sale of the Week

1861 SALIDA WAY - Pardise, CA - Home For Sale, $269,00

BEAUTIFULLY PARADISE REMODELED HOME IN TURN-KEY CONDITION. LOCATED IN A GREAT PARADISE CUL-DE-SAC. THIS HOME HAS NEW CARPETS, PAINT IN & OUT, NEW DOORS, FLOORS, MOLDINGS & EVEN NEW LANDSCAPING. DOUBLE GLASS DOOR ENTRY W/SIDE LI TES, TILE THRU THE ENTRY INTO KITCHEN & DINING AREAS. NICE LARGE PANTRY & TILE COUNTER TOPS. NICE NEWER RANGE, OVEN AND MICROWAVE. LARGE NATURAL ROCK FIREPLACE W/INSERT. GORGEOUS REAR PATIO & LANDSCAPING. THE LIST GOES ON & ON THIS IS A MUST SEE PIECE OF PARADISE REAL ESTATE.

TWO BEDROOMS, 1.75 BATHS, 1439 SQUARE FEET OF LIVING SPACE!

Paradise Farmer's Market - Open for the Season

As a Paradise homeowner and realtor I try to be as green for our community as I possibly can.  That is why I will be frequenting the Paradise Farmer's market that officially opens this upcoming Tuesday, June 3rd. 

The Farmer's Market is on Clark Road next to the Paradise post office and open from June through October on Tuesday mornings.  The hours of operation are are 7:30 to Noon and open in both rain and shine. 

A couple of great things about the Paradise Farmer's Market (other than how incredible the fruits and vegetables are!!)

1) No long distance shipping.  Save the gas and environment!

2) Support our local Paradise farmers.  Helping our local economy helps our Paradise community and our Paradise real estate market.

Weekly Magalia Real Estate Market Update

A stronger week for the Magalia real estate market than what we have been seeing in week's past.  There were 6 properties that closed escrow and 4 properties that went under agreement.  As expected, the majority of the Magalia real estate activity continues to be seen on those single family homes listed under $250,000, as well as manufactured homes. 

Other activity in the Magalia real estate market included 7 new listings and 16 price reductions.  The Magalia sellers have been continuing to lower the prices of their listings week after week in an attempt to get the attention of Magalia area buyers.  Great interest rates seen this week, with a slight drop to 6.05% for a 30 year fixed rate mortgage. 

Weekly Paradise Real Estate Market Update

Last week in the Paradise real estate market there were 9 properties that went under agreement. 5 listings that closed escrow, and another 25 new listings that hit the market.  Of the Paradise properties that that went under agreement and closed escrow, the majority were single family homes priced under $250,000 and manufactured homes. 

Some great news for the market is the 30 year fixed mortgage rate that continues to remain at great lows, 6.05%.  This is especially ideal for all those buyers out there that want to take advantage of the 25 properties that experienced price reductions last week.  YES...that's right 25 price reductions.  The Paradise real estate sellers are ready to negotiate and make a deal!

Can you define a buyer's market?

I am often asked about the Paradise real estate market conditions and whether I feel we are currently in a buyer’s market.  I have to tell you, this is not an easy question to answer.  Reason being, you will find little consistency when asking real estate professionals and financial experts the true definition of a buyer’s market.

 

Some of the definitions out there,  

1)      The average days on market in a typical market are 180 days for most real estate markets.  If the average days of available housing inventory falls above that then the market is in favor of the buyer.  If the average days fall below 180 days then the market is in favor of the seller.  The days on market is relative the amount of inventory that is available. 

 

2)      If there is more real estate inventory available than buyers then we are in a buyer’s market.

 

3)      If average home prices are declining than we are in a buyer’s market.

 

I’ve included some Paradise real estate statistics for January through April of 2008 and January through April of 2007.  Based upon the definitions and the statistics, what do you think?  In your opinion, is the Paradise real estate market in favor of the buyer? 

Paradise Manufactured Home Sales, January - April

Year

Jan. to

April

Average

Sale Price/List Price Ratio

Average List Price

Average Sold Price

Average DOM

Inventory Available

Average Sold Per Month

2008

95%

$53,127

$50,500

60

42

4

2007

98%

$52,053

$51,045

84

46

3

 

 

 

     

 

 

 

 

 

Paradise Single Family Home Sales, January - April

 

Year

Jan.  to  April

Average

Sale Price/List Price Ratio

Average List Price

Average Sold Price

Average DOM

Inventory Available

Average Sold Per Month

2008

93%

$267,823

$249,463

84

233

23

2007

97%

$262,156

$253,804

85

306

25

 

 

 

 

 

 

 

 

 

 

 

Lynn's Home Team
Coldwell Banker Ponderosa Real Estate
7020 Skyway
Paradise CA 95969
© 2003 – 2010 Real Pro Systems, LLC
Last modified 3/10/2010