Absolutely! Entry-Level Single Family Homes (and for that matter, entry level town homes, condos) are in real demand now a days in Novato.
This is in part due to the relative high cost of purchasing a home, the recent difficulties in getting a mortgage for bread and butter homes and the needs of previous homeowners who had / have to sell their homes due to mortgage problems.
I just helped a client of mine renting out her own home after they bought a single family home. The townhouse was rented in a week with multiple interested parties and eager renter to sign a two year lease. Another client of mine wants to rent out his larger home and rent an entry level home (downsize). We could hardly fine one that;s available.
So, the answer to your question is a resounding YES! I am curious to know why you asked the question and how I can help you?
Marin (Novato) Realtor... more
I am here in Novato and I just did some research on the Knight court property for you - Trulia pulled the info from Realty Trac - a preforeclosure / foreclosure site and the house is not on Multiple Listing.
Looks like some pretty interesting things have happened to the property. I will be very happy to share that and/or info on other REO (Bank Owned), Short Sale properties with you. Just give me a call or email me.
Frank Howard Allen Realtors
So, did you end up buying a house in Novato? - from your previous post. - just curious.
One of my clients who moved to L.A. last year has a moving company she used several times before. We requested a few others to come out for a comp (that's probably what you should do) when she moved this time, and her company won out again.
If you like, please do email or call me.
There is no easy answer for that question. The only way to know for sure is to go down to City Hall of each town and find out. Each city has different zones for diffierent uses. Most residential zoning I would imagine you will not be able to. But if the zoning has mixed use, along with large lots where you can have farm animals, horses etc...Having a boarding house for dogs might be okay. But the only way to know is to go to City Hall. Sorry this is not much help!... more
The only thing i know that's fixed is Novato Disposal, which we are paying $47.25 every three month. This includes all garbage pickups, recycles and special clean ups twice a year.
The others, such as PG&E and water really depends on the usage. For PG&Es, depending on the energy conservation features you have, there can be a big difference in the usage.
Our house is bigger, huge windows, high ceilings, double pane windows, and our PG&E bills varies, two teenage boys, a few computers/laptops, all high efficiency appliances, fluorescent light bulbs, no air conditioner (we don't believe in that for Novato), and our bill is between $100 - $160 a months.
For water, we conserve water - low flow toilets/faucets/shower heads (required at point of Sale for North Marin Water District). We have a great yard, but not much great grass - the grass is sad thanks to the drought warning and Duke, ), our bill are about $20, $30 a months. A lot of people have drought resistant plants (which might allow you to get rebates from NMWD if you replace lawn with drought resistant plants). We don't have a pool.
Then you have to add Comcast / Direct TV, High speed Internet, insurance, earthquake insurance (if you want that), flood insurance (if your house is on flood zone), cell phone charges, ..etc
Both North Marin Water District and PG&E sometimes have tiered pricing structure to encourage saving energy and depends on the season and usage, you may get surcharges. Those add up. You might to call them to get the rates.
Hope this helps..
There are a lot of inventories and some really good deals in Novato right now; some short sales and REOS (Bank Owned) properties. Buyers that were not able to get into the market are out looking and buying, both at condos/townhomes and single family homes.
Although, granted, not all deals are equal, and only a few will be the 'best' deals in town.
You really need a Realtor who is knowledgeable about the local market, community as well as the patience to work with you on a long term basis until she finds the right house for you at the best price.
The Realtor should first understand your needs and wants, your financial situation, shows you around so you can be familiar with the inventories and market, and then watch for every home that comes on the market and inform you of those that meet your criteria. The Realtor should also be able to advise you when a really good deal comes so you can 'jump' on the house. .
The reason why I say so is because we have, again, recently started to see houses that are priced right (meaning very low) getting multiple offers within days of coming on the market.
A REO home in Lu Sutton, priced at $465K came on market last week, I took my clients to see it the day it's on the market (no open house yet at the time), the house went into escrow today (6 days later). Another one in South Novato, priced just under $500K had eight offers in 5 days just recently.
The buyers, first time, move ups, investors are all out looking at Novato out, the least expensive town in Marin. We are seeing first time homes as well as high end homes moving towards neutral or sellers market again.
May 28 Market Statistics http://sylviabarry.wordpress.com/2008/05/28/novato-real-estate-market-review-as-of-may-28-2008/
June 25 Market statistics http://sylviabarry.wordpress.com/2008/06/25/novato-real-estate-market-overview-june-25th/
As you know, prices really are supply and demand, when the demands are higher, prices will go up. This coupled with the still low interest rate (and the super conforming loan), Novato is becoming very attractive again. .
The thing is, you will never be able to truly time the market. What you need to do is to decide if a certain house at a certain price is right for you. . If you plan to live in the house for long term purposes, then you will definitely benefit from owning a home.
The best way is to go ahead and start looking (not necessary buy) and learn about the market. Once you get involved, then you can truly see how the market is going and you will be able to decide if a specific house is right for you right now. If you never start, you will never know.
I work and live in Novato and would love to help you get started and introduce to our housing market. Just email or call me. .
Sylvia .... more
I think the best way to describe Novato is by neighborhoods rather than zip codes. The neighborhodds are quite different in terms of the shops, surroundings, views, open spaces, water front, horse property, schools, type of houses, parks and recreactions, incorproated vs none, commute, etc. Each neighborhood is very distinct on what it offers.
Some of the neighborhood names are by schools, others by area, or by development, such as Pacheco Valley, Hamilton, Pointe Marin, Partridge Knolls (I, II), Country Club, Indian Valley, The Highlands, Novato Chase, Pleasant Valley, San Marin Valley, Olive Ridge, Green Point, Black Point, Stone Tree, Wildhorse Valley, Downtown, Old Town, etc. It will be a very long post to describe them all.
Please do give me a call so I can give you a run down on those areas and depending on what you are interested in, I can let you know which area might be the best fo you.
Patrick here is a list of declining counties in AZ (Coconino, Maricopa, Pima, Pinal, Yavapai, Yumathe) in these counties if the minimum down payment on an investment property was 10 % it would probably then get pushed up to 15%. The 794 credit score will help you get a loan, but the interest only loans for investors are nil to none at this time (unless they are very high in rate compared to Fannie Mae 2 to 3%) which wouldn't make sense for yoy to do.... more
Hi John, I would suggest you get your information from an unbiased information source like the link below. Order the FEMA map that is available. I don't have a copy available for your area of interest or I would share it with you. I hope another Trulia Pro can offer it, if they have it . I hope this helps some. Good Luck~ Novato is a beautiful place!
You can list it on Craigslist. Lots of people look there for short-term housing.
Otherwise, you can call one of the agencies that assigns traveling nurses and make them aware you are interested in renting out your houme.... more
Most homes that are bank owned are listed by your local REALTORS. I would connect with a savvy real estate professional in your area. And just be cautious, sometimes the bank owned properties are priced the best, and sometimes you can buy one down the street for less that is not bank owned. Bank owned properties are typically without any meaningful disclosure (as they never lived their obviously) and are typically sold strictly as-is . So be careful, and get the advice of a great agent. I know one if you need.... more
You can check this with the County/City offices. Also, when you buy you will be getting a Natural Hazards Disclosure and if you use one from "Property ID" they will point out if you have any environmental hazards near the subject property. But also be aware of any past industry which occupied the site at some time in the past. If you are in an area which is being converted to residential use which had a long history of commercial or industrial then this should raise a red flag. I spoke with an owner one time regardign the sale of his commercial property. He told me there had been some industrial activity nearby. We where walking outside and he had some guys digging a ditch on another adjacent parcel. There was a ruckus form the ditch diggers and he asked what was going on. One of the guys digging the ditch was wearing tennis shoes and they were actually "melting" due to the prescence of old battery acid in the soil. Turns out the site was an old battery rebuildign facility. We later pulled up old aerial photos of the site and saw a large "pond" which was the old discarded "Battery Acid Water" taken from the batteries. They just "dumped" the water into the pond!!! At the time this part of Santa Rosa was in the country and inspectors didn't get down there too much!! That's an extreme case but older areas have many old gas, oil tanks or contamination left over from "jobbers" who spilled a lot of cheap gas!! Most sites are identified and on record.... more
Don't panic, you still have time and I can help you to do just that! Give me a call at (415) 717-0293 and we will work together to get you settled in before then.
Here is what we will do together (abbreviated version);
1). Buyers Interview - I like to talk to my buyers first about their needs and wants. Most of these come from the understanding of some of your personal information - you family, your jobs and office location - how long a commute you are willing to take, your hobby, your likes and dislikes, your financial situation, how long do you plan to stay in the house, .. etc. This sets a background for me when I look for the right house for you.
2). Get Pre-Approved. Even through there is a lot of houses on the market, until you know how much mortgage you can comfortably afford, we will not be able to know the kind of homes you will be able to buy. Without the pre-approval letter, the sellers will not have the comfortable level needed to close your purchase quickly.
I have a team of mortgage brokers I work with and we can get you pre-approved very quickly if you have al the required information together.
3). Find the Right House. Now we have the financial perimeter and your needs and wants, we will set out and find the right house for you and your family. As there are many houses on the market, you will need a realtor who knows about the area, the schools, communities and the surrounding areas to point you to the right direction.
4). Make a Successful Offer. Since I know the local real estate market inside and out, you will be able to make a winning offer when you find the right house - I will advise you on the sale price of comparable properties so you are confident that you have made the right offer.
5). Working through the Escrow. Once we are in escrow, I will make sure that you meet all contractual obligation for the escrow process. I will help you set up timely inspections with reputable inspectors, evaluate the inspection reports and title report produced, and assist you in negotiating for any repairs or credit back for the house. You will be the loan set up for close of escrow.
6). Close of Escrow. With due diligence, we will be able to close escrow within 14 days or even shorter if needed. This will allow you ample time to move into the house you like.
This, of course, is an abbreviated version of the whole process, but don't get discouraged or intimidated. Give me a call and let's get started so you can move into your new home before school starts!!!
By Working Together, We Can Make It Happen!... more
Lucey, you would need to go by your own car, share a ride or take a bus. Regarding the Golden Gate bridge, you can bypass it by taking a ferry from Tiburon or Sausalito. 101 between Marin and Novato is quite congested during peak hours and on selected hours on weekends.... more
Kathleen: Much depends upon your local market. In the San Diego real estate market, we are advising our sellers to take an aggressive stance and price their properties competitively. This is not the time to price your property over the top so that your "have room for negotiations." Doing so, you could very well lose potential buyers to homes with more motivated sellers.... more
Novato is a very family-friendly place to live and work. Young families are very common here because of the good schools, affordable housing, low crime rate and ease of commute into San Francisco and the East Bay. While the downtown renovation has done wonders for the city's night life, our community remains a place where socially oriented activities take place in the early evenings and on weekends Those activities include, but are not limited to, street fairs, farmers' markets, the 4th of July parade and celebration, the annual Holiday Tree lighting, and much much more.... more
Working with my team of loan agents and accountant is key. Not only should you look at what your monthly payment should be but what is the tax benefit. I can help you determine what is possible.... more