Contra Costa County Real Estate

Real Estate Radio interviews Pete Sabine

Real Estate Radio USA Episode 143

June 20, 2008

An excerpt from Real Estate Radio…

“On todays show we talked about the federal crackdown they aptly named “Operation Malicious Mortgage“. We had two interviews today. Our first interview was with our Internet Marketing and SEO expert, Mary McKnight from RSSPieces.com and the second was with top-producer, Pete Sabine. All of this and more on this episode of Real Estate Radio USA.

We started the show with the latest in real estate news. In the last day or two the federal authorities announced a massive crackdown and arrests in what they are calling “Operation Malicious Mortgage“.

Our first interview today was with our favorite Internet Marketing and SEO expert, Mary McKnight from RSSPieces.com. Mary spoke with us today about how to improve an old blog and market drive more traffic, ways to increase the number of leads your site generates, using competitive warfare and reputation management on social media sits, and how to be smart when getting backlinks.

Our second and final interview of the day was with Pete Sabine from Contra Costa County Market Watch.com. Pete joined us to talk about how blogs have increased his business, how he uses technology to increase his business, and how he sees the cycles in the real estate market including key indicators to look for.”

Discover this Roadmap to Navigate Through an FHA Appraisal...

FHA Basic Appraisal Checklist for real estate transactions in California, the San Francisco Bay Area, Contra Costa County and throughout the country…

SUMMARY…

Since its inception The Department of Housing and Urban Development (HUD) has established minimum property standards. While these standards have varied over time the recent changes have been some of the most dramatic in decades. By eliminating many of the “nuisance” repairs and mandatory inspections HUD hopes to make it easier to buy or sell a home with FHA financing. The most recent changes are highlighted bold on this checklist.

POOR CONDITION - A lack of maintenance that gives a “run down” look to a property is acceptable. Missing or damaged flooring or carpet, rotted or worn out countertops, poor workmanship, damaged plaster or drywall, bathroom tile, missing or damaged interior doors, debris, trash, or other cosmetic items that do not otherwise jeopardize the safety or structural integrity of the property are acceptable and will not require repair.

CONDOMINIUMS - Projects must be at least 51% owner occupied and may not have a “right of first refusal” clause in the association documents.

STRUCTURAL DEFECTS - Large settlement cracks, sagging floors or roofs, and significant deteriorated wood are conditions that require professional repair. Grading must be adequate to drain away from house.

TERMITES - HUD will no longer automatically require a termite inspection. Minor (non-structural) termite damage will not require repair. Wood/soil contact that is not due to a structural problem will no longer require repair. Visible evidence of active or past infestation, or evidence of dry-rot will require termite report with clearance of Section I items.

LEAD PAINT - For homes built before 1978, any peeling, chipping, or chalking paint on the house, detached garage, shed, fence, or anywhere on the property must be scraped, primed, and painted. Use tarps to collect paint chips to avoid contaminating the soil. If the home is built after 1978 HUD will no longer require painting of defective paint surfaces, in most cases.

HEATING - The property must have a permanent heat source. The heating and air conditioning system (if present) must be operating properly. Space heating systems are acceptable if installed in accordance with local building codes. Combustible (oil/gas) heat requires exhaust ventilation.

ROOFS - Leaking and worn out roofs require repair or replacement. While a remaining life of at least two years is no longer specified a roof with a life of less then two years should be considered “worn out". HUD will no longer require automatic inspection of a flat roof system.

WINDOWS/DOORS - HUD will no longer require broken glass to be repaired. Exterior doors that are in poor condition but are otherwise functional are acceptable. Windows that stick, are loose, or are otherwise in poor but serviceable condition should be acceptable with the following exception: Inadequate access/egress from vbedrooms to the exterior of the home is unacceptable. At least one window in each bedroom must open and close freely in order to allow escape in case of fire. Burglar bars on bedroom windows must have a release mechanism (at least one per bedroom).

ELECTRIC/UTILITIES/MECHANICAL SYSTEMS - Fuses are acceptable. 60amp electric service may be acceptable (a small house with oil or gas for heating, cooking, and hot water). Loose wiring, open splices, and other hazardous conditions will require repair. An exception is low voltage (telephone or cable TV) wiring that would not present a hazard. All utilities should be on in vacant homes in order to avoid re-inspection. All mechanical systems must be operating.

CRAWL SPACE & ATTIC - Access to both the attic and the crawl space is required. Both must have adequate ventilation. Crawl spaces must have sufficient clearance for inspection and maintenance.

PLUMBING - Minor plumbing leaks and defects are acceptable. Major plumbing problems will require inspection and repair. Water heaters must have a pressure relief valve.

SAFETY CONCERNS - Smoke detectors are not required but if they are present they must work properly. HUD no longer requires repair of the safety device that automatically stops an obstructed electric garage door opener. Trip hazards such as uneven walkways or sidewalks will not require repair. Missing handrails on stairways are acceptable.

HUD does not require the following:

Appliances
Screens
Driveways
Lawn sprinkler systems
Pool repairs (unless they present a safety concern).

To learn how to interpret this information or further discuss, please feel free to contact me directly or post a comment to the blog. Contact me at (925) 385-2340 (PST) or send an email to Pete@ContraCostaLiving.com. Visit Pete’s web site www.ContraCostaLiving.com

Homes for sale in Contra Costa County

Click here to view details of our featured listings.

Please feel free to contact me to arrange a showing or learn more.

Pete Sabine at 925-385-2340 or pete@contracostaliving.com

Central Contra Costa County California Real Estate: Supply and Demand Comparison for Blackhawk(detached May 2008)

I have posted the monthly MLS Statistics for Blackhawk, California real estate (detached properties).

Easy to read charts and graphs to provide you with accurate up-to-the-minute information for the local Central Contra Costa County real estate market.

To learn how to interpret this information or further discuss, please feel free to contact me directly or post a comment to the blog. Contact me at (925) 385-2340 (PST) or send an email to Pete@ContraCostaLiving.com. Visit Pete’s web site www.ContraCostaLiving.com

Central Contra Costa County California Real Estate: Supply and Demand Comparison for Blackhawk(attached May 2008)

I have posted the monthly MLS Statistics for Blackhawk, California real estate (attached properties).

Easy to read charts and graphs to provide you with accurate up-to-the-minute information for the local Central Contra Costa County real estate market.