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Market Conditions in Sonoma : Real Estate Advice

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  • Local Info11
  • Home Buying34
  • Home Selling11
  • Market Conditions5

Activity 5
Sat Jun 29, 2013
Trulia Customer Service answered:
Hi Raquel! Carol at Trulia here. It sounds like the property is "Saved" on your app. When the listing is displayed on your phone, in the green bar at the bottom of your screen you will see the options "Request Info" and "Save" with a star beside it. Click on the Save and it will give you the message "Done. You are no longer following this home."

If you have additional questions, please contact us at http://www.trulia.com/help/ask/ or call Customer Service at 1-888-466-3501.
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Tue Feb 21, 2012
Carrie Wilson answered:
I lived and worked in Napa for many years, and now I live and work in Santa Rosa. Napa is a great because it has the charm of a small town, attracts visitors from around the world for it's wine and gourmet dining, yet it is situated within 20 minutes of the town of Sonoma. The market there tends to be stable, though prices have come down a bit. You may get more house for your dollars invested if you consider Santa Rosa and neighboring communities. Santa Rosa is only 45 minutes from Napa and about half that to the town of Sonoma. Sonoma County also has world renowned wineries and restaurants, but the biggest plus to me is we are closer to the coast. As far as lower rental vacancies - it's a toss up. Invest in a good location and you'll attract a good renter. Consider consulting with a property management company for rental statistics and help finding you a qualified renter. Check out my blog here on Trulia or my website for more information. ... more
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Thu Sep 2, 2010
Kamal Randhawa answered:
Hello Ceichel,

You should look in both areas if these are the areas you prefer. Your goal is to have positive cash flow and a good investment...this type of property can be found in either city so please don't limit yourself to just one city.

Kamal Randhawa
Broker
510-932-1066
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Tue Mar 10, 2009
Terri DAmico answered:
Since the Frank Howard Allen office sits right on the plaza a few doors down from where the shuttle will take people from the Ledson Hotel to the HGTV house, I can tell you, plenty of people came to town to see the home and see Sonoma, because of the home. I haven't heard of anyone specifically buying because of the effects of having the home in Sonoma.

I'd have to agree with Pam, the real estate market in Sonoma has been impacted, but not nearly as hard hit as other areas of Sonoma County. And while I live in Sonoma and sell homes here, there are a number of great places in Sonoma, Napa and even Lake counties, that offer the wine country living that appeals to so many. Depending on what you're looking for - solitude, space, convenience to a city, rural, urban, farm land, horse property, vineyards, olives - you're sure to find lots of beauty in this part of California.
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Thu Feb 19, 2009
Mike Kelly Allison Norman answered:
Ed, If you have a Counrywide loan then you might be able to qualify for a modification under the agreement which was signed with the Attorney General (AG) of California, Jerry Brown. It has specific requirements which you can check out by going to the Attorney Generals web site. Google it and look for the Bank of American/Countrywide Home Loans settlement agreement. One of the settlement agreements was to re-write your loan to 80% of current market value!! That's HUGE!
Beware of the Loan Modifier.This is a totally un-regulated industry and has attorneys, Real Estate Agents and Loan brokers all trying to now get paid for working a loan mod(modification) for you. Many are using tactics such as predatory lending as a ploy to strike fear into the hearts of the lenders. Some advise you stop making payments, "squat" in your home and let the lender PROVE they really are the "holders" of the note. Good luck with both of these folks! Just beware of paying in advance for these services as their "mods" may be insignificant but are "mods" and they wish payment. I had one guy bragging to me he got a $50,000 loan "mod" for a client. Of course the client was sideways to the tune of $250,000 but HEY, he modified the loan!!
You also need to fully understand YOUR situation. Getting a 1% reduction or going to Interest only payments or even a loan reduction may NOT keep you in your house. YOU need to analyze what it will realistically take to keep your home! The default rates are outlandish--25% and UP!! None of these alledged experts could sell ANY loan with a 25% default rate! So just be careful, get a second opion on anything you are asked to sign and then pin them down on the terms of the "Mod" and make it a contingent fee, or payable upon delivery of the loan "mod" IN WRITING by all parties! Good Luck!
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