Prior to selling a home with any wood-burning fireplace insert or free-standing wood stove, homeowners anywhere in the jurisdiction of the San Joaquin Air Pollution Control District must ensure that these devices meet the requirements of Air District rule 4901: Wood-Burning Fireplaces and Wood-Burning Heaters.

1-800 SMOG INFO  |  (1-800-766-4463)  |  www.valleyair.org

Air pollution rules require that most older, dirtier wood stoves and inserts must be removed from a home and destroyed before the home is sold or ownership is transferred. Devices that can be left in a home upon sale or transfer include: fireplaces, stoves or inserts manufactured to meet EPA emissions standards, pellet stoves, inserts and devices fueled exclusively by natural gas or propane, and wood-burning heaters that have been rendered permanently inoperable. 

Home sellers must remove and permanently render inoperable any wood-burning heater or fireplace insert that is non-pellet or does not meet EPA July 1990 emission standards. If your stove needs to be removed, contact a chimney sweep or hearth products dealer. 

Statement of Compliance Required 

A home seller whose property includes any type of wood-burning stove or insert must submit to the Valley Air District and to the home buyer a Statement of Compliance. These forms are available at www.valleyair.org or at the nearest Air District office. 

NOTE: There are NO exemptions to this requirement, and it applies to ALL real estate transactions within the Valley Air District. This includes real estate owned by banks or other financial institutions (known as REO properties). 

The Valley Air District covers eight counties including San Joaquin, Stanislaus, Merced, Madera, Fresno, Kings, Tulare and the Valley air basin portions of Kern. It is up to the home seller to determine if the property is within the jurisdiction of the Air District. To search an address by zip code, see the California Air Resources Board website, www.arb.ca.gov/app/ dislookup/dislookup.php, or contact the Air District for more information. 

Is Your Stove or Insert EPA Certified? 

All new wood stoves and inserts manufactured after July 1, 1990, or sold after July 1, 1992, are required to meet EPA Phase II certification. To determine if your heater is in compliance, check the owners’ manual or the retail store where you purchased the stove. An EPA-certified wood stove also can be identified by a temporary paper label attached to the front of the stove and a permanent, metal label on the back or side. If the label is missing or inaccessible, the EPA maintains a list of certified stoves at: www.epa.gov/Compliance/resources/publications/ monitoring/caa/woodstoves/certifiedwood.pdf. 

Residential wood burning is the source of up to one-third of the air basin's dangerous particulate emissions during winter. Particulate matter (PM) has been associated with serious health problems including bronchitis, lung infections, coronary attacks and even lung cancer. 

Note: It is illegal to sell or install a non-EPA Phase II stove or insert unless it is a pellet-fueled heater. A home seller who would like to keep an old stove for its decorative value should contact the District for guidance on permanently disabling the device. 

For more information, contact the nearest District office (Fresno, 559-230-6000; Modesto, 209-557-6400; Bakersfield, 661-392-5500).

bad home improvements

When you’re deciding on a major home improvement project, consider the potential impact on the value of your home when the times come to sell. Some projects yield a high return on investment; others not so much. Here is a rundown of home improvements that tend NOT to be good investments. When you’re deciding on a major home improvement project, consider the potential impact on the value of your home when the times come to sell. Some projects yield a high return on investment; others not so much. Here is a rundown of home improvements that tend NOT to be good investments.

1. Pools

In-ground pools can cost $20,000 to $60,000 but don’t do much for a home’s value. In fact, some prospective buyer are turned off by pools because of the hight maintenance and insurance costs.

2. Home Offices

Building a home office can cost as much as $20,000, but you will only get about half of the back at resale.

REAL ESTATE STILL THE SAFE ROUTE

growing real estateThe housing industry create a powerful investment environment and position the senior citizen for consistent profits in structured opportunities with rentals and passive income that increases securely without the risk of stock market dangerous fluctuations and corrections. People always need a place to live and as the last great recession proves, families that had good jobs and income still lost their homes do to predatory lending from unscrupulous banks, brokers and mortgage companies. Those families did not desire to move out of their neighborhoods where their children where attending school and had their friends. Instead, they found rentals in the same area when possible and stay. On top of that, as baby boomers continue to advance in age the demand for senior housing continues to exceed supply. As an investor in real estate holdings, baby boomers can make substantial profits by purchasing large homes to convert into senior living facilities or existing facilities in desirable areas easily accessible to family and friends of the tenants.

1031 exchange in california

DO YOU KNOW WHAT A 1031 EXCHANGE IS AND WOULD IT BENEFIT YOUR REAL ESTATE INVESTMENT PORTFOLIO?

What is a 1031 Exchange?

The term 1031 Exchange (aka a“Starker exchange” or a “Like Kind exchange”) is defined under section 1031 of the IRS Code. (1) To put it simply, a 1031 exchange allows an investor to “defer” paying capital gains taxes on an investment property when it is sold, as long another “like-kind property” is purchased with the profit gained by the sale of the first property. 

A1031 exchange has more benefits than just saving yourself from taxes in California.

A 1031 exchange can allow a real estate investor to shift the focus of their investing without incurring the tax liability. For example, perhaps you are investing in properties that are low-income and thus high-maintenance. You could exchange the high-maintenance investment for a low-maintenance investment without needing to pay a significant amount of taxes. Or perhaps you want to move your investments from one location to another without the IRS knocking. The 1031 makes this possible.

8 tips for buyers

INVESTAccording to the National Association of Realtors in 2013, there were 5.09 million existing-home sales nationally. In 2014, sales dropped by 3.1% to 4.93 million. Although final figures for 2015 are not yet available, N.A.R. predicted existing-home sales would close out the year at 5.3 million — nearly 7% higher than the previous year.

New home purchases and sales for California, on Friday, Jan. 24, 2014 were lower than predicted. Purchases of new homes in the U.S. fell more than forecast in December, ending the industry's best year since 2008 on a sour note. Rising rates will squeeze first-time home-buyers the most. The Fed’s move to increase interest rates in December 2015 reflects the major strides the U.S. economy has made as it emerges from the Great Recession. Higher rates (though they haven’t happened yet), along with rising prices and limited supply, will make it harder for some to afford a new home.
However, the good news: Long-term mortgage interest rates will see only a gradual increase this year and will remain relatively low compared with what they were before the downturn.

Thirty-year fixed-rate mortgages, which averaged a bit under 4% for most of 2015, will average 4.4% this year, according to Freddie Mac. Meanwhile, housing data firm CoreLogic, in its latest U.S. Economic Outlook latest report predicts that mortgage rates will increase roughly half a percentage point in 2016 over 2015. The NAR also predicts that even with mortgage rates rising, sales will modestly increase by 3% until the end of the year. That is good news for investors wanting to ad more affordable rentals to their portfolio as existing homeowners jump into the selling pool to take advantage of the small market increase. Low income first time buyers if not taking advantage of the lower rates now will end up continue to rent increasing the rental factors even higher.

If the Obama administration slower than desired job projections for 2016 stand, the boom will be for new household formations. This is a term referring to configurations of people who live together under one roof, a few roommates, new married couples, a nuclear family of four or young couples that moved in with parents during the recession. Many of them will be moving out of their parents residences, getting married or having children of their ow. The increase is predicted to continue during 2016 as 1.25 million new households are predicted to be formed. Excellent timing for investors to dive into the single family residence rental business as the demand for rentals in desirable areas and schools increases and rents will rise as a consequence.

For more information regarding adding single family residence investments in central California to your investment portfolio contact the Etchart Consulting Group directly at
This email address is being protected from spambots. You need JavaScript enabled to view it. / This email address is being protected from spambots. You need JavaScript enabled to view it. or call 559-681-8976

The following example was designed to walk our client(s) through the appraisal process and items considered in the appraisal process for understating simplification of Objective, Purpose, Scope, Methodology, Date of Value and Owner of Record for lending or estate valuation for taxable, mortgage or estate purposes in the state of California.

Objective of Appraisal
The objective of this appraisal is to estimate the defined value of the specified interest in the subject real estate as of the dates of value.

Purpose (Intended Use) Of Appraisal
It is the Appraiser's understanding that this appraisal is to be used to underwrite financing for which the subject property will serve as collateral. As stated in the transmittal letter, this appraisal may not be used or relied upon by anyone other than the addressee of the transmittal letter and by other parties directly related to the intended use described above for any purpose whatsoever without the express written consent of the Appraiser. Without the transmittal letter, the appraisal report is incomplete and cannot be relied upon.

Last year 2015 was full of awaking economic news around the western world. It is a good example of how socialism takes away the human desire to conquer austerity and the entreprenurial spirit of the middle class to achieve. According to Larry Edelson, one of the foremost experts on gold and precious metals, the European Union is doomed to collapse.

Taking Spain as case in point, after decades of socialist economic policies, the nation’s economy is a basket case. And after years of cradle-to-the-grave social programs, the national debt stands at more than 1 trillion euros. Worse, that debt is still growing; forecast to be 110% of GDP by the year after next. The official unemployment rate in Spain is over 22%; more than four times higher than America’s.

Things got so bad in 2012, in fact, that the European Union had to bail out the Spanish economy to the tune of more than 100 billion euros. Now, finding themselves in a massive hole, the Spanish people are demanding that the government keeps digging.

Independent Financial Researchers Hans Parisis Of Newsmax Predicts That Investors Must Be Prepared For The 'Unthinkable'

washington dollarThe FOMC’s statement (as well as its economic and policy path projections) and Fed Chair Janet Yellen's press conference have the potential of moving markets.



It has been interesting to see how since the March policy path expectations markets have showed a more dovish stance than even the FOMC’s so-called “fifth dot” expectations. 

By using the dovish “fifth dot approach, we see in March Fed funds rates were expected in the 2.50 to 2.75 percent zone by the end of 2017, while markets, by using the overnight indexed swap (OIS) for overnight unsecured lending between banks (the federal funds rate), we see expectations in the 2 percent zone.

Ebby HallidayNews in Dallas reported Wednesday that Halliday died of natural causes Tuesday night. At Ebby Halliday Realtors corporate headquarters in far North Dallas, the management team gathered employees in a room and shared the news before the start of the work day Wednesday morning.

Mary Frances Burleson, President and CEO of Ebby Halliday Realtors, showed reporters around Halliday's office. The walls were covered with numerous awards she received for her work in real estate and as a philanthropist. Burleson said she was Halliday's office mate during the company's early years. Halliday was both a close friend and mentor to her.

Burleson said women who worked for Halliday never encountered the "glass ceiling" in business. They were able to reach their full potential.

Becoming an real estate agent takes time and study. The individual does not only need to satisfy the State required education and training but needs to develop self employment skills and work ethics as well. A real estate agent in California does not need to achieve the Realtor certification or belong to any organization in particular. However, it is recommended for their long term success to do so by joining their local board of Realtors, Multi-Listing service, National Association of Realtors and the California Association of Realtors to acquire desirable knowledge from industry professionals.

The more knowledge, the higher the chances of a successful career in the real estate representation service industry. People buy form people that provide them with excellent service and the knowledge to assure a trouble free transaction. Most people may hire an agent only a few times in their lives, however, more likely they will remember the experience for a life time.

Real Estate AssetWhat Is Real Estate?

Real estate is a long-term asset

The average value appreciation on real estate assets isn’t really all that high — typically 2 percent to 3 percent per year, which is nothing special when investing.

In addition, transaction costs on investments of any type can significantly reduce one’s wealth if not done correctly. Investing in Real estate has unforeseen costs aside of the initial purchase cost. Expenses such as transaction costs, renovations, remodeling, holding period costs, repairs, and escrow and commissions. These expenses could eat 20 percent to 40 percent of your invested equity. That’s money you won’t have when you retire.

taxes graphWe all complaint about paying taxes. Most complaint about that government, this government, your government, my government. The truth is that people pay voluntarily to keep their nation, city, burrows , clean, safe and organized. We take pride in our communities and to keep them the way we want them for ourselves and our families we pay taxes. The challenge to this notion comes when the elected officials that we put in charge to do just that, include their agendas on top of ours and their agendas become more prevailing than ours.

The first step to flipping a house is finding a discount property. The goal is to buy low and sell high and keep repair costs to a minimum. Fortunately you can find bargain properties in just about every town and city in the U.S.

For example, if you live near the Fresno, California area, you will find dozens of special need houses listed for under $50,000.

Many house INVESTORS find undervalued houses by working with a professional agent that has connections with other investors and bank foreclosures/bank owned properties - also called "REO" houses. Banks have added costs on any house in their book inventory and does not show good in their bottom line. Carrying costs include insurance, taxes, and property maintenance just to name a few. As a result, banks are often very motivated to get rid of their housing inventory - even if they have to sell it at a discount. If the investor selects an agent or consultant and it is loyal to him or her, that agent or consultant will work hard for the investor finding the right properties to invest.