Sacramento Real Estate Video Blog with Forth Hoyt

Why Is Sacramento Real Estate Changing on October 3rd?

There are many great Folsom and Sacramento area homes for sale.Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 248-7777 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today I have Evangeline Scott with me, my local mortgage lending expert here in Sacramento. She's going to be explaining some important changes that the real estate market will be experiencing this year.

On October 3rd, changes coming to the TILA-RESPA Integrated Disclosure (TRID) will affect everyone involved in the real estate industry, from consumers to Realtors to lenders.The Consumer Financial Protection Bureau (CFPB) issued a final rule amending regulations to the Truth in Lending Act as well as the Real Estate Settlement Procedures Act.

So, what does this mean for you? The TILA-RESPA rule consolidates four disclosures for closed and credit transactions secured by real property into two different forms.

One of these forms is a loan estimate that must be delivered or placed in the mail no later than the 3rd business day after receiving the consumer's application. A closing disclosure must be provided to the consumer at least three business days prior to consummation.

These new disclosures must be provided by a creditor or mortgage banker that receives an application from a consumer for a closed end credit transaction. However, creditors will still be required to use the current Good Faith Estimate, HUD 1 and Truth in Lending forms for applications received prior to August 1, 2015. After that date, these forms will no longer be used.

Please don't hesitate to contact us at (916) 248-7777 or Forth@TheHoytGroup.com with any questions about this issue. We understand that it may seem a little confusing or overwhelming. We would be happy to clear up any misconceptions that you may have!

How we helped Ron by handling offers accordingly

712 Taylor Street Client, Ron S tells about his experience with Forth Hoyt.

"We were able to get what I think was the best possible price for our home. I think that could be attributed to the marketing that went on and the way the proposed offers were handled. At the end of the day we were very happy with the price we were able to get for the home. The offer process and the various responses that were prepared to the offers, I thought that was the area that they really excelled in."

Ron S, Home seller

How to Make a Small Kitchen Feel Bigger

We recently found a good video on HGTV that we thought would be helpful to our clients who may own an older home with a smaller kitchen. Whether you're still living in the home or are planning on selling it, there are many ways to make the kitchen feel bigger without changing the home layout.

First of all, make the cabinets as long as possible. Extend them up to the ceiling. Then, take the fronts off the cabinets and replace them with glass. Making the cabinets taller gives you more storage, and the glass creates a sense of depth.

Choose a patterned tile for the backsplash. This also creates the illusion of more depth, which makes the entire kitchen feel wider.

Another thing to consider is your sink. Adding a farmhouse sink allows you to fit more in the sink without taking up any counter space.

Rolling pantries are great as well. They provide a lot more storage than flat-faced cabinetry.

If you have any questions about other small renovations that