9/23/2021
Don't forget our listing at 2245 Appolinaris Drive in Ukiah California listed at $589,900
https://mendohomes.com/listing/ukiah/2245-appolinaris-dr/161:66fd53e9-bc9e-42f0-aee1-ff361a9ad92a
It's updated and remodeled with high end finishes and less than 10 minutes to town!
- Karena Jolley, Realtor at Coldwell Banker Mendo Realty
Mendohomes
Whether you have bought a property for the first time or have many times before, you may or may not be aware of the local Building Department and the files that they keep on properties.
We find that most buyers or sellers do not know how many things really do require a permit. A lot of sellers assumed repairs that they made did not require a permit, and therefore will not disclose-- not that they are necessarily trying to hide anything! Changing a ceiling fan or water heater requires a permit. Changing windows--even like for like-- requires a permit. And on and on.
It is always a good idea for a buyer to check the building department files to check and see what is there, what may be an issue, and what is not there. Only check-- it is not good practice to turn in a seller (who is actively on the market) for a possible permit issue, but it is a very good idea to check the file before or during your inspection period when buying a property.
Another misconception is that everything will be "grandfathered-in" and acceptable once the new buyer purchases. Not so! The new buyer is purchasing with all the possible issues and defects, with very little exception. Some building departments will forgive older homes and work that was done before a certain year, but that depends on the city and county.
Some homes look so standard that no one worries about checking (although it is always good to check) while others look odd or give that funny feeling... and I have come across one or two with no permits at all! It can happen...
-- Karena Jolley, Realtor at Coldwell Banker Mendo Realty
partners with Kelsi Ryan
Mendohomes
Mendohomes.com
We have several really great properties for sale right now, which can be seen at www.MendoHomes.com and range from lots and acreage land, land with improvements, homes on residential lots, upgraded homes, to homes on land.
We saw our first bit of rain recently, and everyone that I know of is looking forward to more rain soon hopefully! I don't see more rain in the forecast yet...
According to the California Association of Realtors, the median price range in Mendocino County has changed from $485,000 in June 2020 to a price of $582,000 in June 2021 with a price change upwards of 34%. However, we have seen a 35.6% decrease in sales overall compared to a year ago.
Supply and demand, once again. A decrease in the number of homes being put onto the market and sold means less for buyers to choose from, so they have to fight and complete for the few homes that do come on for sale.
However, this is not true for every price range, and there is a point to where a seller can push the price and not get the activity and offers that they want.
I have noticed that there are more hoops to jump through this year in order to purchase or refinance, especially if you are self-employed. A bit annoying, but at least the interest rates are really good still!!
So, I suggest you listen carefully to your lender and follow their list of wants & needs, as they are just trying to do the best job they can of helping you to obtain your goals. I have helped clients on many occasions with scanning or faxing their documentation, as our office equipment has great quality and certainly makes the job of scanning a huge stack manageable. And if your lender says you're not quite ready to buy, make that to-do list and tackle it at a reasonable pace in order to achieve your goals of buying in the coming months to year!
This will be a periodic post to cover a few of our current properties on the market!!
This link shows what we currently have:
https://mendohomes.com/team-listings
We typically have a wide variety of properties on the market in the inland Mendocino County and Western Lake County, from residential homes to land and ranches. We have experience with investment properties and 1031 tax exchanges, too. Feel free to reach out to us anytime and we will get back to you as soon as we can!
I personally like manufactured homes, especially the younger models. I do understand that being factory built, they typically come with less expensive materials and finishes unless upgrades are requested, but on the other side, they are still cheaper than stick-built construction and one can still customize the size and configuration nicely!
One note of consideration that I have been finding recently-- there are loans to purchase manufactured homes, definitely. However, I do have a client who wanted to refinance his rental manufactured home and apparently had to go with a portfolio loan (in-house loan) which has a bit higher interest rate. I have also seen recently where there was a larger selection of loans available to purchase a property with both a manufactured home and stick-built home on the same property.
