Kathy Schlegel
March 2023
For Updates on Marin County Sales go to my website at

Mattress Money
You’re probably aware but if you’re not, lenders will typically need to verify pretty much everything on a loan application. If it’s printed on the application, it will need to be verified via third party sources. An example of third party sources is income. Applicants will enter how much money they make each month but most every loan program out there won’t just take the applicant’s word for it. 
      Instead, income verification is accomplished by reviewing the most recent paycheck stubs covering a 30 day period as well as showing year-to-date totals. The last two years of W2s may also be required and if self-employed or if there is income showing on the application that
U.S. averages as of March 2023:

30 yr. fixed: 6.5%
15 yr. fixed: 5.76%
5/1 yr. adj: 5.53%

that represents more than 25% of total income, recent income tax returns may also be required. This is just part of the verification process.
      Lenders verify
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Can You Move in Before a Certificate of Occupancy?
     When you’re building a home, it rarely goes according to the timeline you have in mind. This is just the reality of the situation, and you may be anxious to get into the house that you could already be paying a mortgage on.
      One potential roadblock to moving in is a certificate of occupancy.
      What Is a Certificate of Occupancy? A certificate of occupancy is a document officially from the government certifying a building is safe to be occupied. A certificate of occupancy typically includes the name of the owner of the building, as well as the address and some other information specific to the property.
      The information will first include the type of property. This is the type of use

Why Do People Experience Homebuyer’s Remorse?
     A home is almost always the most significant purchase someone makes, so the thought of making a wrong decision stirs up immense anxiety for many buyers or would-be buyers.
      Buyer’s remorse is that feeling that takes hold when you regret a purchase. When it’s something small, like maybe a gadget you didn’t need as badly as you initially felt like you did, that’s one thing. It’s an entirely different situation when it’s something like a house.
      In the real estate industry, buyer’s remorse is when a new homeowner starts to feel they made the wrong decision. They might feel anxious and regretful about a life-altering decision that maybe wasn’t the best for them.
      Regrets Stemming from Pandemic Purchases A study by Clever Real Estate from last August found that 72% of recent homebuyers had regrets about their purchase.
      Much of that

When Should You Hire a Kitchen Designer?
     Due to rising interest rates and economic uncertainty, many homeowners are deciding to stay where they are for the time being rather than looking for new homes. With that often comes a desire to make changes so that your home better meets your needs.
      One of the areas people first look at for remodels is the kitchen. The question can then become how much of the project you can manage on your own and when you need professional help.
      Kitchens tend to be complex projects because you’re planning plumbing and electrical and appliances, fixtures, lighting, and work areas.
      A kitchen designer can help bring your vision to life, but do you always need one? Not necessarily. For some kitchen projects hiring a kitchen designer could be an unnecessary expense, so how do you know which option is right for you?
      The Benefits of Working with a Kitchen Designer If you hire a professional to help you with your kitchen design, you might worry that you’re giving up creative control or you won’t be able to design the space of your dreams. In reality, the

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Kathy Schlegel, Marin Realtor of the Year; Past President Marin Assoc. of REALTORS®
Golden Gate Sotheby's International
902 Irwin Street
San Rafael, CA 94901

Equal Housing Opportunity

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