It's great that you're doing your homework. I've lived in this neighborhood for 9 yrs, bought my lot in 2002 & finished building our house 2 yrs later. The HOA is very strict but we have never been fined for anything. There is no overnight parking on the street allowed without special permission. Generally they will warn you before fining you.
I would be happy to share more details about life in Serrano. There are a lot of rules but that's one of the reasons it's such a beautiful neighborhood. Please call me anytime if you want more details about the HOA.
Lyon RE... more
You have a multitude of great questions, each with it's own specific answer. As a preferred Serrano Realtor, I am able to provide you with the information you are looking for, but rather than respond in writing, please give me a call to discuss your questions directly with me.
Quickly, I will say that the "main" gate of the custom area of Serrano is "maned" 24/7. This gate is located by the Serrano Country Club entrance at Greenview (west) and Serrano Parkway. The gate located at the intersection of Greenview (east) and Serrano Parkway is not "maned" 24/7, so people entering in that location would use the key pad and passcode they have been assigned.
Please call me to discuss this further. I would be happy to answer all of your questions!
Debra L. Johnson
Lyon Real Estate
Well we are all Realtors on here and of course we are going to say YES! but as a buyer I would think, why not? I can't think of a reason not to. A Realtor will help look out for you and help you with all your questions. Deliver documents when necessary, help with escrow, maybe even suggest having an inspection etc etc. Even brand new homes can have problems. It doesn't cost you anything extra since the develpment coops with agents. If I were in your position, I would. Best of luck and happy home hunting! PS I'm happy to help if you decide you want to use a Broker.... more
Not very much. I don't mean to be unkind, but you shouldn't be investing in anything until you re-establish your good credit history and build up enough of a stake that you can actually have something to invest.
All the best,... more
There's always some value in building a custom home. You get to have a home tailored to your own tastes.
If you want the market price to be at least as high as your construction cost, then you'll have to consider a more generic floor plan that's attractive to many buyers. To get an idea, take a look at floor plans offered by local builders.... more
Blackstone Community is a very nice development in El Dorado Hills. I would not hestiatate to act on a home purchase even though it will not be ready for 6 months. The Community Club house is awesome and offers many features. The solar feature on all of the homes is an incredible savings on your energy bill. I think whatever you do you should have an outside agent represent and negotiate for you, not the agent that represents the Builders in Blackstone. Call Peggie Ryan-Lanigan (Lyon Real Estate) at 916-768-4385 to discuss writing an offer. I have represented many home buyers and sellers in this community.... more
You are correct - sort of. I don't think PGE and water is double-but have heard it's more. But, Serrano may be one of the strictest in Northern Calif. I lived there and I moved. Shooting my left foot - but there you have it. But, I've also sold homes in Serrano and they absolutely love it. Depends on what you're looking for.... more
Just answered this for you on another request but my favorite builder in the area just quoted me $185-200 per square foot of living space. That includes permits and front landscaping.
Since Jan 1st, 17 homes have sold in the custom area at an average square foot price of $201. The lowest was a bank owned at $121 per square foot but it had some big issues and the highest was $286 that sat up on top of a Serrano court with views of the valley and the mountains.
Hope this helps!
Lyon Real Estate... more
The issue regarding the naturally occuring asbestos in El Dorado Hills can be best explained in this link http://www.epa.gov/region9/toxic/noa/eldorado/ - Please let me know if you need further information. All the best, Chris Librach... more
It is good news/bad news:
Shortsales take a lot longer and are a hassle; consequently, fewer people offer on them.
REOs are quicker and less hassle so you might end up in multiple offer situation.
Choose what works for you.
Good luck and may god bless... more
The first Broker/Agent might be entitled to the commission since they would be considered the 'procuring cause' for your purchase as they showed you the property first. Also, why would your brother want to jeopardize his Broker License by giving you (paying you) his commission? He will be paying the Income Tax on it. Real Estate professionals are not allowed to pay commission to any unlicensed people. I'm assuming he's planning on doing it in some 'creative' way but just beware he 'may' incur problems down the road and the first Broker may be entitled to the commission if they want to proceed with that route.
If the value of the home has changed significantly lower, you could decide to cancel and re-offer but that certainly would start the process all over again. If the short sale lender has completed their own appraisal / valuation, they may or may not agree the price has dropped but may be more willing to approve the short sale if the offer is better than the market value received. (May be why your agent thinks it will be accepted.)
If the value has dropped far enough that your new appraisal (assuming you are financing) does not meet the offer price, you then must decide a.) re-negotiate the sales price with the short sale lender b.) make up the difference (why?) c.) cancel the contract (assuming you have a loan contingency).
Your agent should be able to help you work through the comparable sales to confirm current value and should also be able to help you investigate all your options.
El Dorado County has recently updated their website, so here is the new page listing direct charges (including Mello Roos) to a parcel. Please be sure to read the counties disclaimers and complete a title search prior to any purchase.
You can find the APN numbers on most website property searches.... more
Visit the County Assessor and get the most accurate answer for this question. Mello Roos is based on the public facilities that are developed/built that serves the community where you are. You will learn and better appreciate what developments are included for these assessments.
Since Serrano is a new community with so many villages, it depends on where you are, the size of your home and what are being built to serve that community such as schools, parks, libraries and roads. Mello Roos can be charged in different ways and some of them can even be paid in full upfront.... more
Too bad not looking in Temecula Hills because your money can goes so much futher (5 acres with gorgeous homes) and views are as breathtaking as they could get. Good Lucks!!! Keep in mind, higher end homes are a buyers market while lower prices homes is a sellers market. Soooo... negotiate!!!... more
Sometimes you dont know if there are Melllo roos untill there is a title search.
Typically the listing wil show that information.
You should know about all potential fees before submitting an offer.
Your agent can definately ask if any of those apply to the purchase of the home.
925 699 5041... more
If you are referring to my old listing, I may have been. It was sold last year on short sale December. If you are looking to purchase a home, I have a listing coming early this March.
What is your preference.