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Aptos Times - February 2018

February 15 2018
February 15 2018

Hello fellow Aptosians. In January, 21 homes sold in Aptos. As of 2/04, there are only 26 Active listings – about a one month inventory.  Of the 26 listings, only 7 homes are listed for <$1 million.

INTEREST RATES: Most Fed officials predicted in December that the Fed would raise Interest Rates at least three times in 2018. After four years on the job, Janet Yellen is stepping down as Fed Chairwoman and the Feds left the interest rates alone in January, hoping to continue to stimulate economic expansion. This reflects in our current mortgage rates of 4.25% – 30-yr fixed, 4.125%-7/1 ARM. (My parents had a 4.5% interest rate in 1956!). Rates are still “low” making real estate a good investment.

NEW 2018 LAWS: Here in Aptos most of us will benefit from the suspension of the annual “Fire Prevention Fee” (began July 1, 2013 - $120/year) charged to any habitable structure within a state fire responsibility area. Statewide, it must be disclosed in writing by landlord/owner whether or not property is in a Flood Zone. A new Property Tax Fairness Initiative is trying to qualify for the 11/2018 ballot. This initiative would allow seniors 55+, disabled, and victims of natural disasters to carry their current Prop 13 tax basis to another home of any price anywhere in the state. This bill should help free up the housing market as most 55+ homeowners have not moved since 2000.

SERENO GROUP – 1% FOR GOOD: I am a proud Sereno agent who contributes 1% of income to charity. In 2017, SCC-S agents contributed $76,014 to four local charities: The Beat Within, Loads of Love, Leo’s Haven, and NAMI.  Big Brother Big Sister of SCC is the Q1’18 recipient. I am an active “Big Sister” in the program. I meet with my “Little” for about 4 hours a week for the past 4 years; it is extremely rewarding and fun. Go to www.santacruzmentor.org for more info on this great program.

SELLERSWORDS TO USE: When listing your home, here are some words per CoreLogic that tend to help a home sell for a higher price: “dual-pane windows” (if you don’t have them, this is one investment that you will get a greater return on), “remodeled” (if anything in your home has been remodeled, let the buyer know).

TOP 10 THINGS TO DO WHEN SELLING A HOME - #1- Call Me. (I’ll handle the other 9… and then some


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Hannah Trundle

December 13, 2018 2:53 AM

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