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Sonoma County First-time Home Buyer Loans in 2023

Purchasing a home can seem like a completely overwhelming endeavor. After all, it is one of the most significant investments you can make, with numerous steps and requirements.

However, various types of loans are available to Sonoma County first-time home buyers who require assistance.

First-time home buyer loans:

The average down payment for a house in California is between 15% and 20% of the purchase price. If you can afford this price, you can get a conventional loan with a low-interest rate.

However, there is some first-time home buyer who doesn’t have this much money saved for a down payment. Fortunately, there are mortgage plans that have a low-down payment:

VA loan: Sponsored by the Department of Veterans Affairs, VA Loans are open to veterans, reservists, active-duty personnel, and surviving spouses and are one of the only options available for zero down payment loans.

FHA loan: Backed by the Federal Housing Administration, FHA loans are open to anyone, and while they require a down payment, they can be as low as 3.5 percent. Drawbacks include a slower loan process and the need to pay mortgage insurance for FHA loans.

USDA loan: Organized by the U.S. Department of Agriculture as part of its Rural Development Guaranteed Housing Loan program. USDA offers financing with no down payment, lenient requirements, and competitive mortgage rates.

Conventional 97: With Fannie Mae, you may qualify to borrow up to 97% of the value of your home, leaving you with only 3% to cover your down payment. This type of loan requires a credit score of 620 and higher, and at least one of the borrowers must qualify as a first-time home buyer.

If you’re not sure which type of loan to get when buying your first home, your lender or realtor can help you find the right fit based on your finances, and your realtor can also guide you by discussing alternatives and developing a plan of action to achieve your personal real estate goals.

How to choose your realtor on your first home-buying:

When choosing a realtor, it’s essential to know how long they have been in residential real estate. Like most professions, experience is no guarantee of skill. However, a large portion of real estate is learned on the job. Randy and I bring 45 years of industry experience in residential, commercial, and land sales.

We are here to help you fill the gaps in your home-buying knowledge. The more familiar you are with the procedure, the less overwhelming it will be.

If you are considering becoming a homeowner in Sonoma County, we hope you’ll give us a call. There is never any obligation, of course—and the old saying is true in this case: it can’t hurt to ask!

Home Design Trends You Need to Know in 2023

The new year is upon us, signifying a time of change and new beginnings. Home design trends come in waves and now feels like the perfect time for a change.

If you are looking to buy a new home or make changes to your current one, you are probably curious about the design trends that will be popular in 2023.

Color of the year

According to The Psychology of Color in Spaces by Stoneside, color psychology focuses on color to create a specific atmosphere and mood. Hues are carefully chosen to invoke a certain emotional response in people and set a particular mood.

Furthermore, research into color theory has ascribed defined emotions to each hue, and it also takes into account various factors such as tint, saturation, and tone.

Moreover, if you have been thinking of repainting your walls, colors that bring warmth and coziness to the room are relevant in the year 2023.

However, this does not mean that you should avoid the darker hues entirely, as they will help you create a sleek and sophisticated space, so keep this in mind when designing your interior.

Warm White

This color is neutral and has always been the safest pick. As a result, it allows you to use richer, brighter furniture or even go with the classic beige, which is the most versatile tone to create that warmth and calming effect.

Desert Carnation

If you want to create a cozy and inviting atmosphere, use earth-tone colors because they promote a nature-friendly atmosphere that creates a sense of tranquility.

Blue Arrow

“A shade that promotes balance within the home, merging cool tones of blue with a warm undertone.”

– Sue Kim, Valspar®

Dark Countertops

Dark countertops add character to your kitchen, giving it a dramatic look and strong appeal. This design can result in a refreshing, luxurious, and moody appearance.

Organized Space

Gena Kirk, Design expert in KB Home Design Studio says, “we’re seeing a lot less desire for open shelving—a very big trend for a long time—and glass front doors. We’re seeing customers who want to close things up and organize them well.”

Additionally, if you want to keep clutter at bay, invest in some furniture with hidden compartments to help you store your belongings without taking up any additional space in a room.

Minimalism

Minimalism has been a thing for some time and is here to stay. This interior design creates a simple and clean space that usually uses a monochromatic color scheme.

Kristin Hohenadel, Interior Design Expert, says that “minimalist design is about prioritizing the essentials. A minimalist building, object, or interior design is stripped to its core function, realized using limited materials, neutral colors, simple forms, and avoiding excess ornamentation to achieve a pure form of elegance.

Additionally, while the final expression of a minimalist design might appear effortlessly simple, as spare as a poem, and as clear as a bell, achieving this kind of powerful simplicity is anything but easy.”

In line with this, the overall takeaway from what design experts anticipate will emerge in 2023 is a functional, inviting, natural, and comfortable space.

If you are looking for ideas for a new kitchen, bedroom, living room, or other home space to remodel, this will hopefully help.

Finally, we wish you a happy new year! May it be filled with new adventures and good fortunes. We look forward to helping you with all your real estate needs in 2023. Give us a call!

Sonoma Holiday

We are approaching the holiday season this year filled with joy and gratitude. Since the pandemic, many of us didn’t get to celebrate the holidays in close contact with our friends and families.

Fortunately, we can now celebrate the holidays similarly to pre-pandemic times for the first time in years, as most restrictions have been lifted.

The American can-do spirit has stood tall against the challenges we have endured these past few years. Every year, Sonoma County demonstrates this by gathering as a unified community.

Additionally, Sonoma County has a way of bringing everyone together and making them feel welcome.

Moreover, the holiday season is always hectic. To help with your planning for what to do this time of year and to experience the best that Northern California has to offer, we have prepared a list of some of the most exciting and fun-filled events and activities in our area.

Sonoma Holiday Events and Activities:

Winter Art Market– Over 50 artists will participate, including everything from classes to ceramics, clothing to cartoons. Enjoy a festive shopping experience, music, wine, and fun.

Merry Healdsburg Weekend – Celebrate the holidays on the Plaza with the second annual Merry Healdsburg Tree Lighting. Enjoy a winter wonderland downtown with carriage rides, live holiday music, and more.

The Festival of Christmas – A free festival filled with live music performed by the Casa Grande Concert Choir, Kenilworth Junior High Jazz Band, and Christmas carolers.

Winter Lights Rink – Skating on the Square – Winter Lights is Santa Rosa’s destination for season-long holiday fun with Skating on the Square, the annual tree lighting celebration, live performances, and holiday shopping and dining opportunities.

However, these are only a few of the many things to do in Sonoma County this holiday season. There are more activities and events to attend within your specific range of interest. You may find all of the event dates and information here.

Finally, the last few years have been hard on everyone. While the pandemic represented a communal challenge, the resilience of the Sonoma County community provided inspiration that kept everyone moving forward. We feel grateful to be a part of this community. We hope that you can be a part of it too. Amidst the holidays, we are still here and always willing to support you in any way we can; give us a call!

We conclude with this final quote from Agnes M. Pharo and wish you all happy holidays!

Renting vs. Buying a Home: Which is Better?

Which is better? Should you rent or buy a home? Because it requires less capital, renting is frequently perceived as less expensive than purchasing a home. Buying a home, on the other hand, is an investment that increases your equity. Aside from these obvious factors, there are others to consider. To assist you in deciding whether to rent or buy, we have listed the pros and cons of each option in this article.

Deciding between renting or buying a home depends on your lifestyle and financial situation. Do you intend to temporarily live in the area, maintain flexibility and mobility, or save money for a down payment? Renting might be the ideal decision for you. At least for the time being.

Alternatively, if you want to build investment equity over time while also having the stability and freedom to change your living space, now is the best time to buy a home.

Furthermore, in most cases, purchasing a home may save you money. Because the interest on your home mortgage is tax deductible, you will save money on taxes. If you rent, your landlord gets the break. Also, the sooner you buy a home, the sooner you can begin building equity in an investment that you can use for retirement or other investment plans. Why pay the landlord’s mortgage when you can pay your own?

Finally, you would want to evaluate the real estate market. Heidi and I are very knowledgeable about current real estate trends and offer our clients exceptional expertise in assessing and securing an upcoming purchase in the current market. If you have a dream home that you can’t wait to build or are still not sure whether renting or buying is the best option for you, contact us and let us help you with our professional advice.

Living in Wine Country: Sonoma County, California

Travelers currently visiting or about to return from a wine country trip often wonder, “what is it like to live here?”. In this article, learn more about what the California Wine Country offers.

Sonoma County provides diverse cultural and recreational opportunities with its breathtaking and vibrant natural scenery, lush vineyards, and warm weather. California has the perfect climate. The winters are mild, and the summers are sunny and dry; you may appreciate the attractions all year round.

Randy and I love being outside and taking advantage of the perks of living in wine country. We still enjoy the calming scenery more often than not, considering that we have lived here for over 30 years.

Moreover, Sonoma County is also home to world-class wineries and local restaurants with the famous farm-to-table movement and Michelin-starred restaurants. These restaurants focus on growing or sourcing their produce and meats locally.

Additionally, due to the many different ethnic influences present, Sonoma County is known for its diverse culinary style.

Food — Photo by © Mariah Harkey | sonomacounty.com

Furthermore, Sonoma County is the place to be if you enjoy exploring the outdoors, with over 50 regional parks and trails with spectacular views and many outdoor activities like golfing, camping, biking, walking, swimming, hiking, and many more.

With this in mind, Sonoma County is also famed for its luxury hotels and resorts, historic architecture, and culture. With easy access to the mountains, forests, and coastal locals, Northern California is a paradise, no matter your idea of utopia.

Sonoma County Beach — Photo by © Spencer Spellman | sonomacounty.com

In all honesty, Randy and I consider ourselves blessed to live in Sonoma County. It has been our home for years, and we would not have it any other way. As a result, we remain appreciative of living in such a beautiful part of the world and grateful to the community with which we share it.

Nonetheless, living in a Wine Country is like living in a dream, and if you want to make that dream a reality, reach out and let us help you achieve your Sonoma County real estate goal.

Kitchen Trends

Since the outbreak of the pandemic, homeowners have been eager to spruce up their living spaces. According to the 2022 U.S. Houzz and Home Study, the kitchen is the most popular space that many homeowners choose to renovate. Trends in kitchen design continue to evolve, with upgraded technology in fixtures and appliances, creating more storage, and using earth-tone accents. Making each space multifunctional to maximize what the house is capable of offering.

Butcher Block Countertops

Butcher block countertops are inexpensive, warm, inviting, and add character to your kitchen. Wood’s functionality and beauty add a rustic, authentic feel to a kitchen.

Green Shades

The green shade is a very soothing color that has a subtle tone but a strong appeal. That will give your kitchen a relaxing look.

Double Islands

A double kitchen island typically serves two distinct functions. They are typically parallel, but they can also be side by side or configured in any way that you would like. Double kitchen islands separate prep and dining/work areas, breaking up the monotony of the layout and adding much-needed interest in a large open plan space. They’re also one of those kitchen ideas that can work in smaller spaces.

Marble

Marble is a luxurious material that can be used in any room of the house. It is a magnificent option for kitchen countertops. Marble kitchen countertops give the room a striking and sophisticated appearance. In any room, they look fantastic and luxurious. They can also increase the value of your home.

If you’re looking for inspiration for a new kitchen remodel, hopefully, this may have given you a few ideas.

Giving Thanks

Gratitude is a powerful theme during most holiday seasons. For Randy and I, Sonoma County continually evokes a powerful sense of appreciation for its welcoming nature and fruitful land, warm and inclusive people, and breath of fresh air. We are grateful for so much, the people we love, the people we work with, the incredible landscape we enjoy year round, and the relentless “nothing can keep us down” attitude of our community.

Sonoma County’s landscape provides a master class in agriculture, food, wine, recreation, and abundance for all who live here. There is always so much to learn and experience right in our own backyard. For Randy and I, the landscape provides an incredible backdrop to our real estate business. It is not challenging to showcase the benefits of owning real estate in this community, but it remains a very competitive market. We work hard to meet our clients’ needs and goals in each transaction. Real Estate in Sonoma County remains a constant wave of emotions: competitive, satisfying, and generous. We absolutely love what we do and are humbled every day to be able to help clients achieve their dreams in this exciting real estate market.

The last few years Sonoma County has seen some challenges with the national housing crisis and on the heels of coming back from that – have faced some of the worst wildfires in California history. There is a strong sense of community spirit and personal kindness here that is like no other place we have lived. It has been rewarding to hear the stories (and there are many) of people reaching out to one another to lift each other up. This spirit is undeniable in Sonoma County.

Feeling a part of something more significant than yourself is an incredibly important aspect of being a part of a strong community. Randy and I both feel extremely grateful to be a part of this spirit of thanks, energy, and generosity. No matter what your circumstances are in life, Sonoma County has a way of bringing everyone together as a whole and making all feel welcome. Whether it is donating our time through the Redwood Empire Harley Club, leading hiking groups, working with local veterans in finding a new home or working within the real estate community, we are committed to this fantastic group of people encircled by this incredible land in Sonoma County.We are grateful, every day.