Selasa, 28 Mei 2013

Tree Roots and Branches: Who Owns Them?


http://www.flickr.com/photos/juggernautco/
Over the Memorial Day weekend I was doing some yard work and thought about the number of clients that I have consulted with regarding trees and property rights. One of the most commonly asked questions are about a neighbor's tree branches and roots crossing over property lines. With backyards shrinking from smaller and smaller lots, trees are becoming a sore subject between adjoining property owners. I have witnessed neighbors enter into feuds similar to the Hatfield's and McCoy's. For one property owner, the tree is providing necessary shade in the hot Fresno Summers. For the other property owner, the tree branches and roots are clogging pool equipment and soiling pristine pools and spas.

What are property owners' rights and duties regarding trees, roots and branches in California? First, determine where the tree, branches and roots are located. California's law looks at the location of the tree trunk. Be careful in determining where the tree lies. Fences are not a reliable in determining property boundary lines. I have represented many clients who thought that a fence was the property line. A surveyor is the best way to determine property lines.

Next, it would be smart to talk to the neighbor and ask permission to cut trees that are close to the property lines. Most neighbors will not mind, or will be thankful to have the tree trimmed or removed. A few will be vehemently opposed. At this point, you will be warned at the reason of opposition. You would be surprised at the different reactions people have with trees. Perhaps your neighbor has a different idea where the boundary line of the property is located. Perhaps the tree has a great sentimental value to that owner. Living in the Fresno area, many Native American Indians have spiritual connections to the living plants on their properties. Regardless, a simple conversation with your neighbor before you do anything is the best policy to avoid finding yourself in a lawsuit.

If an issues arises, make sure to act lawfully. If the tree trunk is exclusively on the land of one owner, then it belongs to that owner. Branches and roots that encroach on to the neighbor's land can be trimmed to the boundary line. The neighbor should make sure that when trimming, not to trim so much that the tree becomes diseased, or dies. If a tree trunk lies on the boundary, where part of the trunk is on one property, and the other part is on the other, both property owners own the tree. Each owner has the right to keep the tree alive. Both property owners must be in agreement to get rid of such a tree. The best policy is to hire a licensed arborist to assist in these types of scenarios.

Finally, if you find a neighbor acting unlawfully, the courts in Fresno will issue an injunction to prevent further harm to a tree. If a tree was wrongfully removed, the court system will award damages, including punitive damages.

Ken Jorgensen, California Attorney

www.fresnolawgroup.com

Senin, 27 Mei 2013

New Bern is named one of the top 10 Waterfront Towns in the US.


As a native of New Bern and a boater for all my life, this is not a surprise to me. I love the Neuse and Trent River as well as all the creeks that flow into them. The Neuse River is the widest River in the United States and is popular for sailors as well as motor yachts. 


Congratulations New Bern

Minggu, 26 Mei 2013

Bank Owned-New Bern

The latest numbers for Bank Owned Homes


Click, or copy and paste into your browser, the link below to see the latest list of bank owned homes for sale. 

http://www.easternncmls.com/new/maildoc/roscoe_1369593711-May-26-2013-2_41_51pm.html

In addition to being a Realtor, I also invest in real estate and have bought 10 bank owned properties in the last few years. Occasionally you can find a good deal, however often bank owned properties are in rough shape and will require a cash offer.

Let me know if you have any questions on these, or any other properties you might find.

Jumat, 24 Mei 2013

New Bern Home Sales

How are Home sales year to date?


Lets take a quick look


Jan.1-May 23 2013 homes sold=518

0-$100,000=167
$100,001-$200,000=237
$200,001-$300,000=76
Total new homes sold=66
Total Bank Owned Sold=139=27% of total home sales
Average price sold=$156,852
Average days on market=158


Jan.1-May 23 2012 homes sold=452

0-$100,000=103
$100,001-$200,000=231
$200,001-$300,000=85
Total new homes sold=97
Total Bank Owned Sold=87=19% of total home sales
Average price sold=$161,154
Average days on market=171

So, let's sum it up.

Average sales price  price dropped by $4302. 

Average days on market is down, that could be good news. Some of this could be the result of Bank Owned Homes being priced to sell quickly.

Number of Bank Owned homes sold=60% increase. 

New Home sales are down about 32%. Not sure what is going on with this. 

My overall take is that the number of Bank Owned Homes is continuing to negatively affect the market in the New Bern area. I am still waiting to see this number start to decrease, no sign of it yet.

In some parts of the country Bank Owned homes have been  been absorbed into the market resulting in the average sales price increasing. This could be what is driving the  reports you are hearing in the national news about how well the housing market is doing. It seems to me that the markets that  were  hit hardest and earliest are recovering first. 

Still a tough market. If you would like a report of your neighborhood let me know.








Jumat, 17 Mei 2013

Home Sales in New Bern

The Week in Review

24=Total Sales in the last week. 5 of  the 24 homes sold were over $200,000 and the most expensive home sold was $395,000. 7 of the 24 homes sold were Bank Owned. Ouch, that is not good. When will all the foreclosures end? Good question, and we will explore that more at later date.

23=Total Sales in the last year, same date. 7 of the 23 sold were over $200,000 and the most expensive home sold was $695,500. 4 of the 23 sold were Bank Owned.

Have a great Weekend,


Rabu, 15 Mei 2013

New Homes for Sale in New Bern

Is a new home in your future?

There is quite a nice selection of new homes for sale in New Bern. And the prices are very competitive with existing homes for sale. Combine that with the fact that interests rates have never been lower and it all adds up to a great time to buy a new house. 

Perhaps your family is growing and you need more space. Or, you are empty nesters and are looking to downsize. What ever the reason, we are ready to help you find the right new home for you. 

For a list of new homes currently on the market click the link below. If you have any questions about any of these homes give me a call at 252 514 9157.

http://www.easternncmls.com/new/maildoc/tysojs_1368653761-May-15-2013-5_36_01pm.html

Selasa, 14 Mei 2013

Bank Owned Homes in New Bern

Current list of Bank Owned Homes for sale in New Bern

Click the link below, or copy and paste into your browser, to view a current list of Bank Owned Homes for sale in New Bern. Many times Bank Owned Homes are in need ofs that will be necessary to make the house livable. Often it just makes more sense to purchase a well valued non distressed home.

If you have any questions on these or any other homes for sale give me a call.

http://www.easternncmls.com/new/maildoc/tysojs_1368550065-May-14-2013-12_47_45pm.html



Jumat, 10 Mei 2013

New Bern Home sales in May

How are home sales  May 1-9 2013

Here is how they compare to to years past.

2013=21

2012=25

2011=30

2010=23

I told my wife the other day things seemed to be slowing down a little and according to this data I may be right. We will continue tracking the market and see how May finishes up.

Minggu, 05 Mei 2013

This chart shows the Home absorption rate by in various neighborhoods and areas. The lower the number the better. Rule of thumb is that anything more than 6 months is a buyers market. The bottom line is that we are still in a tough real estate market.

If you would like a custom absorption chart for your neighborhood let me know.

Jumat, 03 Mei 2013


Ever wonder how much a boat slip cost? The link below will show you all the boat slips in the area that are for sale. All but one are in Pamlico County.
http://www.easternncmls.com/new/maildoc/roscoe_1367582970-May-03-2013-8_09_30am.html

Only two have sold in the last two years so it is a buyers market for sure. If you are a serious sailor and are in need of a place to park your boat, give me a call.

We also have some reasonably priced deep water lots on protected water for sale. Great time to buy waterfront as the supply is limited.