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california

Selling Historic properties – The Francis House in Calistoga

By | Sonoma County info, Visit WineCountry | No Comments

Thomas Edison once said: Opportunity is missed by most people because it is dressed in overalls and looks like work.

Quite a few years ago, on my way to an appointment to sell a historic property, I drove by a property that was old and in disrepair, intrigued by the setting and the roof. I even took a picture thinking that it would be quite special to ever sell a property like that.

A few years later a received a phone call from a friend asking whether I’d be interested in selling an old building in Calistoga that had been foreclosed upon by a local investment company… Yes you guessed right, it was the old building I was intrigued with years before.

It was a long journey to sell this once so gorgeous grand dame called the Francis House, it was initially built in 1886 by a local merchant James Francis. It is unique since it’s the only stone building with authentic French Second Empire architecture in Napa County, the signature architecture of France popularized by Napoleon III in the mid-19th century and characterized by a mansard roof.. It was put on the national list of historic places in 1979.

Selling unique properties is all about finding the right buyer. A lot of people were intrigued by the property and wanted to restore it. Yet this was a unique property and hence a unique opportunity not for the faint of heart. All but one had to realize that it was too much to take on. In of June in 2o15 Richard Dwyer called to see the property. After showing the property and talking to Richard and Dina I realized I had found the right buyer, they LOVED historic properties, had the knowledge and the resourced to take on this to unique property. At once point during the escrow process, Richard said: there are a lot of unknowns but we love the property and will somehow make it work… After a last negotiation because of the immense permit fees that would be required by the city of Calistoga we ended up closing escrow in September of 20

 

It took more than 3 years to find the right buyer, partially due to the fact that we were still coming out of a recession and partially due to the fact that it takes time to find the right buyer for unique properties. Then it took about 3 years for Richard and Dina Dwyer to restore this unique grand dame to its original grandeur and the some extra.
I highly recommend considering this small inn for your next stay in the Wine Country. Sonoma Magazine is featuring this incredible property : A Piece of Calistoga Becomes Luxury Five-Room Inn

I will forever be grateful to this special couple to take on this project so dear to my heart.

Mirjam

 

House on Fire!

By | Around the house, Buyers, Sonoma County info | No Comments

House on FireAs mentioned before, in Sonoma County, it is cheaper to buy than to rent. BUT there is a major difference between being the tenant vs being the OWNER… When renting, the landlord is ultimately responsible/liable for the house/asset. In the rush of buying, home owners insurance is often the forgotten stepchild. And after the home is bought and nothing happens, it’s something you pay for and never think about. See also a previous posting…

Home Owners insurance is quite often called fire insurance – insurance to rebuilt your house when there is a fire. I have written about this before. Important is for instance the type of roof. There is a surcharge for wood shake roofs vs composition shingle. Side note: many insurance companies are refusing to insure homes in a high fire hazard area.

Home owners insurance is also liability insurance: for instance when someone trips on your property and hurts himself, that is covered under your home owners insurance. Or the puppy that looks sooooo cute. Certain breeds can make you ineligible for Home Owners Insurance coverage. Others are acceptable only if the owners have taken the dog to a ‘Canine Good Citizen’ test through the AKC.

In our area  Animal RN (Robyn Kesnow) provides this service for a nominal fee.

Having a good insurance agent is crucial, for questions about Home Owners Insurance, I can highly recommend Erin Temple of Vantreo Insurance, she is my preferred insurance agent, she is extremely knowledgeable.

So when you decide to buy that cute puppy, call your insurance agent do this to when you are still renting, just to be safe.

Mirjam

Foreclosures, is it that bad in Sonoma County?

By | Buyers, Foreclosure, RE by the numbers, Sellers, Short Sale, Sonoma County info | No Comments

Foreclosure Netherlands - Sonoma CountyFollowing the news headlines might give you the impression that every home that is being sold right now is in foreclosure… As this might be the case in certain areas, this is not the case in Sonoma County. To give you an idea of this morning’s numbers in our local MLS:

As of 01/01/2011 up to12/04/2011 the total of all homes sold: 4949. Of these 1461 were bank owned and 1092 were short sales. This means that of the 4949 homes that were sold, 2396 were ‘regular’ sales. According to BofA, Sonoma County is fairly sheltered from the foreclosure crisis.

Every state has different laws as to foreclosures, the worst a home owner can do is to simply walk away from their house.  Right now as mentioned in my previous blog posting, a short sale is in general a much better option.

In the Netherlands, walking away from your house, will result in you having to pay all the remaining debt. There is an insurance you can buy for this purpose, yet you still have to contact your bank and take action.  This is a link to a great website about this subject in the Netherlands. Sorry the website is Dutch;)

By the way, because of these numbers in Sonoma Count, a foreclosure or a short sale is in general not sold below market value. The condition of the property is what determines the value. When you are looking to buy in Sonoma County, look at all the properties for sale not just the ‘distressed’ properties.

For those who want some more specific info/stats, please feel free to send me an email.

Mirjam