Sellers Are Feeling Good About Home Prices

 

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There has been a vast improvement in market confidence for sellers. Those who thought positive last year were right. Now even more sellers have high hopes. Perhaps they will be right again. Slow and steady market growth means a better economy for all. I’m not looking for a bubble that can burst, just healthy economic growth and positive equity for home owners.

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Custom Lake Arrowhead Home for Sale

Beautiful and Custom-Built ~ Your Next Mountain Home

1025 Black Oaks Dr., Lake Arrowhead, Ca 92352 Offered for  $499,000

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Bedrooms: 4

Bathrooms: 3

Year Built: 1993

Square Feet: 2361

Lot Size: 0.37 Acres

Garage: 2 car attached

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Property Description: Stunning custom built home w/ lake rights features a large mountain-level lot, panoramic views including a peek of Lake Arrowhead. Direct entry through the 2 car garage. 4 spacious bedrooms. Master bedroom w/ bath & fireplace as well as a deck w/ hot tub to take in the views. Grand kitchen w/ abundant storage, pantry, & nice appliances. Living room opens to a lovely deck. Dining room w/ fantastic picture windows. Fire sprinklers, super-foundation, surround soud, XL water heater – many upgrades.

 

835 Del Norte Ln., Lake Arrowhead, CA 92352

835 Del Norte Ln., Lake Arrowhead, Ca 92352

Beautiful Home with fabulous Golf Course & Grass Valley Lake views. Granite Stone Fireplace in Living room, granite counters & upgraded stainless appliances. Dining area w/sliders to large TREX Deck – views forever. Master on Lower Level w/sliders to private deck, Family Room w/huge closet, – 2 additional bedrooms and Guest Bath. House is Air Conditioned! Partially finished Buildup great for storage,workshop, additional living space – easily accessed w/outdoor stairs and concrete decking and a 2 car garage- a rare find!!!! For more info, please visit the Virtual Tour.

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Offered for $499,000



 

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When your property tax bill is a surprise

In April I sold a home to a lovely client and friend. She immediately got to work in remodeling her new vacation property. This house sits on an odd corner where it kind of touches 4 different streets. Three of those streets are in our countys Special Services District for road maintenance and plowing; etc. It’s close to the lake, surrounded by trees, a very nice spot. This month my friend received her semi-annual property tax bill. The bill had an assessment of $1,900, the first half of a $3,800 road assessment to repave on Special district streets. This was the first she had heard of this large sum and was shocked to say the least.

I called the selling agent, who called the sellers. Neither party claims to have had any knowledge of this assessment. I called the neighborhood organizer of this project. He gave me the phone number for the person at SB County handling it as well as the project name. He says he sent many emails to my friend letting her know how excited he was about the paving project. She says, yes, within 4 days of her closing escrow he came over and asked for her email. She shared his excitement about the maintenance and beautification of the roads. He never mentioned the cost. She never got anything from the county. He did say one interesting thing to me, however. He mentioned he was surprised this home was not exempt because of the placement, he wasn’t sure she would benefit from the project.

The county was able to disclose the mailing info (survey, ballot, results, notices) all went to the sellers mailing address. Seller says they didn’t see anything. I asked the county if this property could be exempt. Initially I was told, “no.” My friend took over with the county and worked with them. The county revisited the property and changed their minds about the exemption. So in the end my friend will be exempt from the $3,800.

My question is, should the seller have been responsible for the non-disclosure if, in fact, someone did have to pay? Are people responsible for reading their mail? The survey went out during the escrow period, the results were sent after we had closed. So, technically it was not a done deal. I think if one  has knowledge of a possible fee coming down the pike it should be mentioned. I think my client would have purchased the home anyway. Tax bills should not be a shock. Property taxes are something we check into during our discovery period based on public record. Since this was not yet enforced, there was no way of knowing for the buyer.

In the future, when I sell houses on these small roads, known to be in the Special Services District, I think I’ll give them a call and ask if there are any proposed fees. Just like I have to call the Weed Abatement department to ask if there are any outstanding notices or liens on a property. I learned a new lesson here.

Coincidentally, my partner in the office also sold a vacant lot during the same period on the same street. In her case it is not exempt and was also not disclosed. I have yet to see what will come of that scenario.

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Dont Work with a “Fish Out of Water”

Dont Work with a “Fish Out of Water”.

Dont Work with a

My broker, Steve, brings up a great point. I see a lot of out of area agents in and around Lake Arrowhead doing their best to represent friends and family members. We are such a unique market, there is no way they are doing right by said friends. Referrals are wonderful! If you are an out of area agent, refer your friends and family members to me. I will treat them as my own family and make sure they know the ins and outs of our wonderful mountain community. Who knows, maybe I’ll have a friend to refer back to you!

 

*Remember, friends don’t let friends work with inexperienced agents. 😉

Give me a call (909) 838-8715

Lakefronts on the market

As of 3/17/2013, there are currently 26 Lakefronts active on the market. The least expensive is $798,000 and the most expensive is $16 million. You can view the link for each of the listed homes here: Click here for link.

There are currently 2 Lakefronts in escrow, to view those, click here.

In the past 6 months, there have been 12 Lakefront sales. Sales prices have ranged between $500,000 and $3,000,000. You can view those homes if you click here.

If you have any additional questions or want to talk about the current market, give me a call! (909) 838-8715

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