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The Stever's Newsletter! August 2010
Sharon Stever REALTOR® (DRE License Number 01270841)
Rick Stever REALTOR® (DRE License Number 01270842)
Sotheby's International Realty
459 E. Colorado Boulevard
Pasadena,  CA  91101
626.447.5731
626.484.6509 
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The fight for condo transparency
DEAR BENNY: I live in a 35-unit condominium complex. The homeowners association is incorporated and is led by a board of directors elected by the homeowners. I am concerned about the way the board of directors conducts the overall operation of the association. Many practices are in opposition to the bylaws, and some of the needs of the community are being neglected.
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New lead rules affect pre-1978 homes
Many houses, apartments and other buildings that were built prior to 1978 may have paint in them that contains lead. Lead-based paint can pose serious health hazards if not taken care of properly, especially for children and pregnant women. If you live in a home that was built prior to 1978, or if you're thinking of buying or renovating one, this is certainly an issue that you need to be aware of.
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Add power to purchase offer
Figuring out how much to offer on a home you'd like to make your own is never easy. A complicating factor is that although it appears that the housing market may be stabilizing, there is no guarantee that prices won't slip further.
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A simple guide to home seller disclosure
How would you like to find out after you've closed and moved into your new home that the basement is rat-infested? You call a local pest company and discover that the sellers hired the company to treat the house for rat intrusion.
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Sharon Stever
REALTOR®
Sotheby's International Realty
459 E. Colorado Boulevard
Pasadena,  CA  91101
626.447.5731
626.484.6509 
Contact Me
Visit My Web Site
Equal Housing Opportunity   
  
An Interesting July for the Stevers
As much as you plan, life always has an interesting twist in store. Some twists are good. Some aren't. In mid-July we encountered one that wasn't. ...more
 
Seven rules for room additions
If you're happy with your home and your neighborhood but are craving a little more space, maybe adding on is a better alternative to moving out. Room additions can be a terrific alternative for many homes, adding space for a growing family and adding resale value at the same time. ...more
 
Sellers face new dilemma in timing the market
Some sellers have been biding their time for three years and now wonder if they should continue to wait or bite the bullet and sell now. ...more
 
Protect real estate from Medicaid
DEAR BENNY: Seven years ago, when my mother was 80, my husband and I purchased cooperative apartment shares in a senior complex for her to live in. Since at least one of the tenants had to be over 55, we put her name on the shares, as well as my name. The actual paperwork reads: " 'My Mother's Name' or 'My Name' as joint tenants with right of survivorship and not as tenants in common." ...more
 
Good Faith Estimate contains some 'quirks'
As of Jan. 1, 2010, the Department of Housing and Urban Development (HUD) required lenders to provide mortgage borrowers with a new three-page Good Faith Estimate (GFE) to protect consumers who are applying for a mortgage. ...more
 
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