Home > sonoma county

North Bay Real Estate Trends for February 2021

April 6, 2021

2773005319 Full

Looking at all the homes and condos for sale in the northern California counties of Lake, Marin, Mendocino, Napa, Solano, and Sonoma Counties at the end of February, there were just 1,431 on the market.  This is the lowest inventory amount since 2005 and 2% below that of January.  This region generally enjoys a Spring revival in both listings and sales, but only time will tell.

Let’s take a look at the real estate trends in Sonoma County as of the end of February:

  • Inventory: 534 (+30% YTY; +2% MTM)
  • Ratio of homes sold over original price: 45%
  • New sales: 488 (+38% YTY; +8% MTM)
  • Supply of inventory:  1.1
  • Time it takes to sell: 39 (Coastal) – 106 (Oakmont)
  • Average days on market:  60
  • Median price: $621,000 (+10% YTY)
  • Average price: $906,046 (+13% YTY)
  • Total sales volume:  +29% YTY
  • Sales price to list price: 100% (+5% YTY

It is quite plain to see that Sonoma County real estate has flourished since the beginning of the year with no indication that it will flounder in the near future.

So, if you are thinking of selling your property and are concerned that you might need funding for your new home before it becomes available from the sale of your present home, call Sun Pacific Mortgage at 707-523-2099 to discuss the possibility of a bridge loan.

Or, if you want to get a step up on that house purchase offer, how about trying out a Private Money loan to submit a 10-day close and virtually all-cash offer?!  This type of offer just might beat out the other multiple offers and make you the winning Buyer!

Here at Sun Pacific Mortgage, we have been offering these private money loans to many borrowers because we can often obtain their needed funds within a week.  We are fast. We are family owned & operated. We have been in business over 3 decades now.

We look forward to helping you or someone you know get a private home loan with our home loan programs.

Call us or email us through our website!

The Guys in the White Hats Can Get That Loan Done!

April 1, 2021

Full Family Pic

Need FAST financing?  Turned down elsewhere for a home loan? We are Direct Private Money Lenders:

  • Make Faster Offers – 10 day close!
  • Difficult to prove income OK
  • Trusted by over 10,000 Borrowers
  • Credit Problems OK

Recently Funded

1 1

Program: Owner Occupied Refinance
Loan Size: $2,590,000
Loan to value: 70%
Location:  Sausalito, CA
Why Came To Us: Needed fast capital to resolve a business problem.

 

2

Program: Owner Occupied Cash-Out
Loan Size: $610,000
Loan to value: 36%
Location: Santa Rosa, CA
Why Came To Us: Credit issues so wanted to consolidate debt.

 

3

Program: Investment Property Refinance
Loan Size: $460,000
Loan to Value: 61%
Location:  Riverside County, CA
Why Came To Us: Self-employedwith difficult to prove income.

 

 

Give us a call at 707-523-2099 with your questions or scenarios.  We will quickly let you know how we can help!

 

Want Your Loan Approved and Funded?

March 11, 2021

We Can Get That Loan Done – The Guys in the White Hats
1

Our Private Money programs can help you if you want fast financing or you’ve been turned down elsewhere!

Call 707-523-2099 with your scenario today.

Loan of the Week

We were recently contacted by a Broker who had a Borrower in need of a fast loan.  He was in Escrow to purchase a home for himself and his family in Morgan Hill, Santa Clara County for a 60% LTV loan of 985K.

The Borrower had just been turned down by his other Lender due to some property condition issues.  He didn’t want to lose out on this house, so his Broker reached out to us for a fast private money loan.  Within just 10 days, this Borrower was a happy new Homeowner!

2021 Housing Forecast Looking Rosy

December 15, 2020

2021 Housing Forecast Looking Rosy 1

Most of us living in California will be happy to bid, “Good riddance” to 2020.  While much of the hallmarks of this past year will go away, the rising home prices in many California counties which became distinct characteristic of this past year, may be here to stay.

Realtor.com’s housing forecast predicts record-high prices will continue rising in 2021.  The frenetic pace of price growth seen in 2020 may slow somewhat, but prices are still expected to jump 5.7% next year.

According to Danielle Hale, Chief Economist at realtor.com:

“We expect affordability to become a bigger challenge.  It’s going to make housing more expensive. [But] home prices will rise slower than this year, on the upper end of what we consider normal price growth.”

However, higher prices aren’t likely to discourage determined buyers – as has proven this year with continued real estate sales throughout many busy counties including San Francisco, Los Angeles, Sonoma, Monterey and more.

Sales of existing homes are projected to increase 7% in 2021.  Besides those buyers who are looking for larger homes for work and school demands, there will be many baby boomers looking to downsize and apartment dwellers seeking homes of their own.

More homes are likely to become available in the last six months of 2021.  The increase in inventory will, most probably, be because of more sellers listing their properties as well as builders completing more new homes.

If you are a borrower who cannot qualify for a conventional loan and are looking to take advantage of the lower prices now as opposed to higher prices predicted in 2021, give Sun Pacific Mortgage a call at 707-523-2099.   We have been in the private money lending business for over 32 years and have helped thousands of borrowers just like you.  Don’t wait until you are priced out of the market, give us call now.

Want Your Loan Funded?

November 12, 2020

Want Your Loan Funded?

We are Direct Private Money Lenders – The Guys in the White Hats

Our Private Money programs can help your Borrowers and Buyers who’ve been turned down elsewhere!

Call 707-523-2099 with your scenarios today.

Loan of the Week

We were recently contacted by a Broker who had a Borrower in need of a fast loan.  He was in Escrow to purchase a home for himself and his family in Morgan Hill, Santa Clara County for a 60% LTV loan of 985K.

The Borrower had just been turned down by his other Lender due to some property condition issues.  He didn’t want to lose out on this house, so his Broker reached out to us for a fast private money loan.  Within just 13 days, this Borrower was a happy new Homeowner!

Sonoma County Coming Out on Top in Move North

November 10, 2020

Sonoma County Coming Out On Top In Move North

Most economist agree that the major difference in this recession versus previous ones is the robust real estate market.  A combination of low interest rates and built up equity has made the housing market a shining light in an otherwise unusual time period.  Combining these factors with the “work-from-home” phenomenon that has been taking over the country, you have the perfect storm for a house hunting blitz.

The North Bay especially has been the lucky recipient of this latest barrage of house hunters.  Home buyers are fleeing dense Bay Area neighborhoods for the Wine Country.  Local real estate agents say the demand is largely driven by buyers from San Francisco, the East Bay, Silicon Valley and even the Central Coast.

In February, the month prior to the temporary upending of the real estate market, the median Sonoma County home price was $641,250.  By the end of July, it was $720,000, a 36% increase over the same time last year.

The desire for home offices and room for distance learning is a huge motivator for many of these home buyers.  They are seeking rural settings, sweeping views and a swimming pool.  One such home on the market had 40 showings.  It was listed for $1.2 million in Sebastopol and over half the potential buyers were from San Francisco!  No surprise when you consider that price would barely cover your down payment for a similar home in The City.

Last month, a hilltop mansion in Sonoma sold to a San Francisco family for $14.75 million, one of the most expensive home sales in Sonoma County history.  But the greatest demand is for mid-priced homes ($500,000-$700,000).  This price range accounted for the highest number of sales of any price range in July.

As a local realtor pointed out in a recent article for the North Bay Business Journal, “It’s kind of like musical chairs, all of a sudden the music changed, and everyone’s looking for the next seat.”

Don’t get left without “a seat”, start your property search soon.  If you cannot qualify for a conventional loan, give Sun Pacific Mortgage a call at 707-523-2099.  We have helped thousands of prospective buyers just like you with our temporary (or 15 year), fast (within just a couple of weeks or less than a month when super rushed) hard money loans.

Fast Loans – Halloween Specialty!

October 22, 2020

Alternative Financing from the Guys in the White Hats

Edit Halloween Specialty

Take advantage of our Hard Money loan specialties for Halloween: 

– Fast Approvals! Fast Fundings!

– Financing for Owner Occupied, Non-Owner Occupied, Consumer & Business Purpose.

– Self Employed not an issue.

– Credit Not An Issue!

Send us your scenarios! Call Today 707-523-2099. 

Tired of Covid Stopping Loan Approval? See Our Loan of the Week!

October 1, 2020

30 Years In Business*Click above to play video and find out more*

NO COVID Here, Just Fast Loan Approvals.

Avoid Covid-19 regulations with our alternative financing programs and expect fast loan approvals!

Call us today at 707-523-2099 or email us by clicking below.  Let us help you get that mortgage financed!

Loan of the Week

A Broker from Santa Clara reached out to us with a client who needed some fast funding.  He had to resolve some critical renovation issues with one of his Mountainview properties, relating to permitting fees and road work that needed to be done quickly.

With a loan to value of 53%, the requested mortgage of $750,00 was easy for us.

This borrower had qualified for a conventional loan but needed his funds much faster.  This is where we were able to quickly jump in and help with our unique alternative financing programs.  Because of us, in just 9 days, this Borrower was able to secure all the necessary permits and begin work on his property!

If you need a fast close or are being turned down by other conventional lending institutions, give us a call at Sun Pacific Mortgage 707-523-2099. Trusted by over 10,000 borrowers in our 32+ years as a family owned & operated alternative financing company, we’re pretty expert on knowing how to help get loan approval.

Have Tax Questions About Selling Your Home?

September 29, 2020

Have Tax Questions About Selling Your Home

A recent article posted on Intuit’s Turbo Tax website addressed a series of questions and answers that every property seller should know before engaging in a real estate contract.

This is good information to be aware of, thus our sharing.  Providing answers to these questions is “out of bounds” for anyone without the proper legal credentials, which is why we are simply going to cite the post here and let the experts inform you of the regulations you should consider.

For those home owners in California who are considering moving from bigger cities such as San Francisco, Silicon Valley or even Los Angeles and want to settle down to more rural areas such as Sonoma County or even Napa County, this is some good information to know about when connecting up with your Realtor to sell.

Among the topics covered in this article are the following:

As you can see, answers to these questions can impact your tax obligations significantly.  They may either confirm your decision to sell or encourage you to wait.  Either way you will be making a more informed and sensible decision.

For detailed information please refer to the original post here:  https://turbotax.intuit.com/tax-tips/home-ownership/tax-aspects-of-home-ownership-selling-a-home/L6tbMe3Dy?&cid=em_44867_6306_001_2019__DT_

Loan of the Week – Different With Experts

September 17, 2020

New Northbay Biz Play

(What Is Hard Money Really? Click above to play video and find out!)

Let The Experts Help Get You Loan Approval

Are you frustrated by not getting loan approval for a client?

Let us help!  We do not have any covid regulations and in fact, have only 2 main qualifications:

#1. If buying a property need 25-35% down payment of the purchase price. For any refinance, need good equity.

#2. An ability to repay the loan (source of income).

Loan of the Week

In business for over 32 years now, our Hard Money programs still have less restrictions and faster funding times than traditional lenders!  Give us a chance to help you and your clients, as we did for this Realtor and her Buyer:

A Realtor reached out to us with a client from Santa Clara, needing help with a refinance of $560,000.  Unfortunately, when already in Escrow, the lender who earlier gave loan approval backed out.   This particular client was looking to refinance his current home loan and take advantage of the 70% equity in his house.  He wanted to pull the needed cash out and buy an investment property to turn into a rental.

With considerably less restrictions and faster closing times, we made a Realtor and her Buyer very happy with the money in hand, in less than 12 days!

If you, a client or even a friend need fast financing or are looking to use their existing equity to make debt consolidations, upgrade a home or purchase additional property, give us a call at 707-523-2099. We’ll quickly reply with how we can help.

Posts navigation

1 … 6 7 8 9 10 11 12 13 14 15 16 … 22