Top 3 Reasons To Buy A Home In Winter


As 2016 comes to a close, it will be known as the rebound year that put us back to pre-crash levels.  Prices today are the same as those in 2007. Inventory is low and people are submitting multiple offers on the same house.  Don’t believe me?  Ask the 80 visitors who swamped an open house on a stormy and windy day.

 Prices are on an upswing and have been for some time.  If you ever considered moving up or shaking things up, remember that the National Association of Realtors reported that the median home price went up by 6.2% in 2015, and we are on track to hit similar numbers in 2016.

Here are 3 reasons to make the move now:

Sellers Are Willing To Work With You

Sellers who have had their homes on the market for some time are ready and willing to work with a buyer.  You are more likely to get a great deal on unique properties or hard to sell properties during the winter months. Sellers may also agree to repairs, improvements, or a greater share of the closing costs to motivate buyers.

Not to mention that prices sometimes soften during cooler months because of seasonal market shifts.  On average, homes sit on the market for more days in winter and early spring. Less volume also means your loan turnaround may be shorter now that loan officers have less on their plate.

Inventory Is Still Low, But Predictions Are High

Despite a hot year, people are still eager to buy just out of lack of options. Homes have appreciated dramatically and we saw an increase in median home prices in 2015.  The National Association of Realtors predicted close to a 7% increase for 2016.  According to these predictions, it makes sense that buying now would result in a chance for positive equity the following year.  People keep repeating that they are waiting for a better time to buy, but in doing so, they are missing the bus.

Interest Rates Have Climbed

For the first time in a long time, interest rates went up.  The increase means that your money will lose buying power.  Even a half percentage point is enough to push a family’s monthly mortgage beyond their comfort zone.  Locking in a low rate (and rates are still much lower than pre-bust levels) is a smart step to take while you can.

On the bright side, interest rates tend to rise when unemployment is low and the market is healthy, meaning that if you wait, you will have some serious competition come summer.   Unemployment is now 4.6% and wages are rising, bringing more possible buyers to the marketplace.

Don’t Be Left Out

Everyone is always waiting for the “perfect” time to buy or sell.  It’s a sad myth that is repeated by people who don’t know real estate.  The National Association of Realtors has feverishly charted the market for many years, and data show that prices have increased, interest rates have climbed, and home prices are on a predicted and steady rise.  What more can we say, are you missing the bus?


This article was written by Cynthia Mittleider, a 25-year veteran of the N. California real estate market and long-time resident. If you have any real estate needs, whether just a simple question or the need for a full service Realtor, don’t hesitate to ask. Contact Cynthia

Prop 60 / 90 Benefits for the 55+ In El Dorado County


El Dorado County’s PROP 60/90 now allows homeowners the chance to buy a replacement home while still preserving their original lower base year. PROP 60 means you will be taxed on the original property’s value despite acquiring a new home and being subject to a re-assessment.

Sometimes known as the “Empty Nester” provision, it allows residents to relocate without the consequences of losing their older base value. The provision also extends to the permanently disabled as PROP 110 offers similar benefits. Disabled Vets are also included as one of the qualifying groups.

Ordinances like Prop 60/90/110 are meant to enhance the lives of those who are able to take advantage of their benefits. As we age, our needs may change, causing us to have to relocate to meet our new lifestyle or health needs.  It’s great to know that residents of El Dorado County can now do so without being penalized.

To Qualify, Residents Must Meet The Following Requirements:

  • One of the property owners must be at least 55 years old or be permanently disabled.
  • The original residence must have a qualifying Homeowner’s Exemption or Disabled Vet Exemption.
  • The sale of the original residence and the purchase of the replacement residence must both occur within a two-year period at/or below the fair market value.
  • New construction homes may qualify if certain conditions are met.
  • Lastly, you must apply for the transfer and pay any applicable fees.  Currently, applications for transfers within the county of El Dorado will not be charged a fee.

There are many benefits to Prop 60/90, but this ordinance was written to include little flexibility when applied, and must be done so correctly. Common mistakes include acquiring the replacement residence first, going above the fair market value, or simply not meeting the age and residence requirements.

This ordinance may also be moved into neighboring counties, provided that county has passed an ordinance allowing the transfer. Preserving your base year will undoubtedly become a valuable asset come tax time and for years to come. So, if you ever wanted to relocate to a newer home, now is the time.


For further information, please reach out to the El Dorado County Assessor or Realtor Cynthia Mittleider at (916) 337-4989. Contact Cynthia


Disclaimer: Agent is not a county representative and is not giving legal advice. Information is deemed reliable but has not been verified. 


Just Listed: Cameron Park Retreat!


A rare opportunity to own a home with built-in equity. Quietly nestled on a large private quarter-acre lot. This spacious 3 bedroom, 3 bath home is filled with beautiful light from large windows in every room to enjoy the best of the Foothills. Enjoy scenic views from the private patio overlooking tree-tops and seasonal greenery like peach blossoms and mountain laurels. This is a must see for those seeking a quiet retreat in the heart of Cameron Park.- Cynthia Mittleider (CalBRE#01275965)