Cameron Park-The Cost Gap Narrows

Thinking of buying a home? Consider this: The gap between monthly rents and mortgage payments is at its lowest level in almost 20 years.
In some markets, the difference can be less than $100, according to a national study conducted for The Associated Press by Marcus & Millichap Real Estate Investment Services.
The study, part of a week-long look at homeownership by the AP, found years of falling home prices and low interest rates have created the ultimate buyer's market. But while buying a home is more affordable, it isn't necessarily easier.
Tougher lending standards have made it harder to qualify for a home loan, and unemployment is at 9.7 percent. Tax incentives for homebuyers will expire April 30, and interest rates are expected to increase this year.
"Statistically, it's a great time to buy," said Hessam Nadji, managing director of Marcus & Millichap. "Psychologically, the consumer doesn't feel like it's a great time to buy."
The analysis of 45 metro areas found the difference between the monthly mortgage payment on a median-priced home and the median rent is down to $256. The last time that gap was anywhere near that small was in 1993 when it fell to $264, according to the study.
Marcus & Millichap used median prices for the last three months of 2009 and calculated mortgage payments by assuming a 10 percent down payment and a 30-year fixed loan at 5.07 percent, among other factors. It also assumed borrowers.

Let Wendi-Mae Davis, CRS, GRI Resident Realtor for Connect Realty.com, INC., be your resource-phone us today Toll Free 866-333-6333 or direct at 530-676-4447 also wendimae@wendimae.com or check out her personal website at: http://www.wendimae.com/

Making Cameron Park a Better Place to Live...

Group Aims High to define our Community's identity, and are in the beginning stages of doing just that...through the creation of Plan 2030...read on-

Mr. and Mrs. Larry Cameron probably never did dream their Town would look like it does now. An airpark, a Country Club, Community Center, Private Lake and thousands of family homes comprising what one resident used to call

"The real leave it to Beaver town". These amenities, as previously listed, and more-create the "Special place to live" as the entry sign to our fine town states. It is our Town's motto. In January a group of concerned residents, determined to have a voice in the future of their community, set out to define a vision for CP in 2030. They are hosting "create a vision"-a workshop that will offer residents a voice in the future of their town. May 17th at 6:30 PM at the Community Center on Country Club Drive. residents, and business owners, alike-should attend this meeting. The Review Committee is an adjunct to Cameron Park's design review committee.

For more details on this-or for any other infomation you might want or need in Cameron Park-THe group has their own BLOG set up at http://cameronparkvision.blog.com/ so be sure to log in and let your voice be heard!

Contact you local resource and Resident Realtor: Wendi-Mae Davis, CRS, GRI, Broker Associate/Real Estate Counselor for Connect Realty at:

530-676-4447, or toll free 866-333-6333 or via email:

wendimae@wendimae .com and be sure to visit her personal website at : HTTP://www.wendimae@wendimae.com also or anything you could ever want to know about our fine town-also check out the community website at :

http://www.mycameronpark.com/ We look forward to hearing from you-and to being your resource for all your needs...

There is soon to be a new Sheriff in Town!

There is soon to be a new Sheriff in El Dorado County-Know the Candidates

Last Tuesday the El Dorado Hills Communty Center was the meeting place for all those interested, to come and meet the Candidates for County Sheriff. Also to hear what they had to say-about why they are running for County Sheriff-and what they will do while they hold the position.

There will be 3 to 4 more Town Hall meetings between now and the June 5th election Day. Be sure to check out your Candidates personal website or the Mountain Democrat (and Life papers) for the next scheduled event-near you. Here is a photo taken during the interviews at El Dorado Hills Community Center- The Candidates are:

Craig Therkildsen http://craig4sheriff.com/

"Protecting your safety" "You, Your family, Your property. In these difficult economic times, my experience will help make this happen."

George Nielsen http://www.georgenielsen4sheriff.com/

"Community Leadership for the Future"

John D'Agostini http://www.johndagostini.com/

"Leadership that Listens"

Bob Luca http://www.luca4sheriff.com/
"Proven Leadership for tough times"

Ernie Hillman http://www.erniehillman.com/
"Proven Leadeship We can trust"

Larry Hennick No website address given "Larry has the knowledge, training, experience and leadership to be our next leader of the Sheriff's department"

Check them out-You need to be involved with who will lead your Police Department. It is an important decision-and an important Vote. If you need a voter registration card-or any information on El Dorado County-and cities within, call me anytime:

Wendi-Mae Davis, CRS, GRI,
Broker Associate, Real Estate Counselor.
23 Year Veteran in the field!
Toll Free 866-333-6333 or
wendimae@wendimae.com
Resume' and references and many other resources and facts can be found at: http://www.wendimae.com/

THe Diverging Diamond-Interchange for Cameron Park?

Cameron Park Avenue-Road Way/Exit-to get a facelift?-Check it out!
Just what the exit at both East and Westbound directions need...an "Interchange"-look at this!
It is properly referred to as the "Diverging Diamond". The Nation's first, is in Springfield Mo., just built last year. It only cost $3 Million Dollars. You would shutter to know the numbers DOT has been reviewing for projects that have previously been proposed-for this same location. The problem? GO figure...it is not currently a design approved by Caltrans...so, this will take awhile to come to fruition. If it does. It looks like a great idea to me!

For more information on what is going on in Cameron Park,

check out my Community website http://www.mycameronpark.com/

or my personal website http://www.wendimae.com/
Wendi-Mae Davis, CRS, GRI,

Broker Associate for Connect Realty.com, INC,

Real Estate Counselor
Toll Free 866-333-6333

Discover Italian food at It's finest...at Papa Gianni's in Cameron Park!

All you will have to do is bring an appetite! Everything I have ordered, has been mouth watering-delicioso! Located at 3450 Palmer Drive in the Raley's Shopping Center. they are not open on Mondays-however, you can enjoy their fine meals, any other day of the week. Papa Gianni's has garnered quite a following over the years with penne-loving patrons from all over-stopping by the neighborhood establishment. The warm familial dining room is often quite full, and their counter also full of carry-out orders. By the way, they happen to have a great wine list too! The popularity of the place, combined with the absolutely delicious smelling wafts of garlic bread in the air, will excite you for the Italian feast to come! I think I am going to have to go there tonight!

For this, and any other information on our fine town-call your Cameron Park resource-
Resident Realtor-Wendi-Mae Davis, CRS, GRI,
Broker Associate for Connect Realty.com, INC.
Toll Free 866-333-6333 or 530-676-4447
HTTP://www.mycameronpark.com for news and events or
check out Wendi-Mae's personal website at
HTTP://www.wendimae.com We look forward to your visit!

Over 55 years of age? Proposition 90 is coming to El Dorado County-Part 2

Re-blogged by 0 agents
Over 55 years of age? Proposition 90 IS coming to Cameron Park and El Dorado county-Part 2 (edit/delete)
OVER 55? CALIFORNIA PROPERTY TAX RELIEF
Since its passage, Proposition 13 prohibits property tax increases until property ownership is changed.
If either spouse is over age 55 (when the old home is sold), PROP 60 allows replacement of a primary residence with a new home of equal or lesser value (but see below) within the same county and transfer of the Prop 13 assessed valuation from the old home to the new property. This is allowed once in your lifetime, and a spouse who has done it before 'taints' both spouses.
PROP 90 allows counties to elect to accept transfers of Prop 13 values for moves from other counties when a primary residence is replaced with a less expensive (but see below) home. If you are over 55 and move into a county which accepts Prop 90, you may take your old, lower Prop 13 value, regardless of from which county you move.
Using Prop 90, you can sell your $400,000 San Francisco home [assessed value $80,000] and move to a new $300,000 home in San Mateo; the new San Mateo assessed value will be $80,000!

7 COUNTIES WHICH ACCEPT PROP 90 (Current as of 6/1/2008)
Alameda, Los Angeles, Orange, San Diego, San Mateo, Santa Clara, and Ventura. [Contra Costa, Inyo, Kern, Riverside, Modoc, Monterey, and Marin have dropped out of the Prop 90 program.]
Props 60 and 90 apply if you "trade down" (i.e. the new home costs less than the sales price of the old home).
> If you buy New Home 1st; then sell the Old Home, you must go down in price.
> If you sell the Old Home1st; then buy the New Home:
In 1st 365 days after the sale of Old Home, you may go up 5% in the purchase price of New Home.
If you buy New Home more than 1 year from the sale of Old Home, but less than 2 years, you may go up 10%.
Some buyers can pay the commission outside of escrow to lower to sales price. Example: I sold for $100,000 and then want to buy next week for $120,000. The seller will owe a commission of $7,200. The seller will owe $2,800 of other expenses
I sold 1st so I must buy for no more than $105,000. If I pay the seller's expenses of $10,000, the price is down to $110,000. Hmm. If I buy the stove, refrigerator, and lawn furniture for $6,000, it looks like I qualify. WARNING: I do not suggest this is a valid idea.
On Thursday December 10th, Our Board of Supervisors decided 5-0 in favor of adopting Proposition 90-
The new Proposition does not go in to affect until Either 2/14 or 2/15 of 2010. Date to be be solidified Tuesday the 15th of this month. The 60 day waiting period is to do with the County Assessor-to set up the process/system in which they will be charging each Transferee $500. for the transfer. One must close escrow after 2/15/2010. This will change the outlook in our County in a very positive way. When real estate prices began to fall and property owners began their requests for reassessments-of course to lower values-this of course resulted in lower tax revenues to the County. How does EDC put a stop to the continued reduction of RE values/revenue? Prop 90 is just the answer.

For any and all information on Real Estate in Cameron Park, and in El Dorado County proper-contact your resident Realtor and real estate Counselor,

Wendi-Mae Davis, CRS, GRI

Toll free 866-333-6333 or

wendimae@wendimae.com and you may want to check out her personal website at http://www.wendimae.com/ also check out the community website at http://www.mycameronpark.comLet's talk!

Giving Sellers the Green light

Wendi-Mae is keeping it real, and keeping it Green...Now it is your turn! How do you start protecting your environment, without spending money-rather by saving it? Glad you asked-here's how:
An inexpensive way to start helping to save your environment, locally- buy CFL's "Compact Flourescent Light" Bulbs. They use 75% less energy than incandescent bulbs, and last 6-10 times longer. You'll save energy and mney and contribute to global climate change. Protect the environment of today, and tomorrow-by changing a light! For any and all Real Estate information you may need for all of Santa Clara County, El Dorado, Placer, and Sacramanto Counties-call your neighborhood specialist/Team-

Wendi-Mae Davis, CRS, GRI,
Broker Associate Connect Realty,
Director of the California Association of Realtors
Real Estate counselor.
22 years of full time service to the Community
Toll Free 866-333-6333
Personal website
http://www.blogger.com/www.wendimae.com or email her
at wendimae@wendimae.com
She looks forward to the opportunity of assisting you in your quest!