Tehachapi Weekly Real Estate Sales Report ~ Oct. 29, 2018 – Nov. 4, 2018

Area Display Address Bedrooms Bathrooms Sq. Ft. Acres Selling Price
Tehachapi City 825 Aspen Dr, Tehachapi, CA 93561-2125 3 1 1116 0.18 $175,000.00
Bear Valley Springs 27981 Skyline Dr, Tehachapi, CA 93561-9645 2 2 1650 5.6 $315,000.00
Bear Valley Springs 24350 Silver Creek Way, Tehachapi, CA 93561-9162 2 1 1056 1.04 $201,000.00
Stallion Springs 18071 Bold Venture Dr, Tehachapi, CA 93561-5309 3 2 1387 0.28 $217,500.00
Bear Valley Springs 25921 Columbia Way, Tehachapi, CA 93561 3 3 2163 1.38 $300,000.00
Tehachapi City 312 E Tehachapi Blvd, Tehachapi, CA 93561-1735 3 2 1372 0.17 $169,000.00
Tehachapi City 501 Rosehaven Ln, Tehachapi, CA 93561-2469 4 4 2697 0.27 $505,000.00
Bear Valley Springs 29940 Sunland Way, Tehachapi, CA 93561-8555 4 2 1728 17.92 $199,000.00
Tehachapi City 49519 Alan Ave, Tehachapi, CA 93561-1534 3 2 1151 0.14 $205,000.00
Bear Valley Springs 27541 Deertrail Dr, Tehachapi, CA 93561-7467 3 3 1781 1.76 $209,000.00
Golden Hills East 21540 Shirley Dr, Tehachapi, CA 93561-8936 3 2 1118 0.5 $203,000.00
Tehachapi City 809 Kelton St, Tehachapi, CA 93561-2212 4 2 1302 0.15 $243,000.00
Tehachapi City 912 Bamboo Ct, Tehachapi, CA 93561 3 2 1193 0.14 $229,000.00
Bear Valley Springs 23515 Timberline Way, Tehachapi, CA 93561-8565 3 2 2017 1.39 $365,000.00
Tehachapi City 1313 Dolce Ct, Tehachapi, CA 93561-0 4 2 2256 0.16 $345,500.00

Five Reasons You Want to Raise Your Family in Tehachapi

Tehachapi is an amazing place to have a family. With tons of things to do, beautiful weather, great schools, and friendly neighbors, it’s a great place to be! Here are our top five reasons you want to raise your family in Tehachapi!

  1. The Weather
    Called “The Land of Four Seasons” Tehachapi has beautiful weather all year round. Warm sunny days in the summer (but not too hot!), a gorgeous autumn and even moderate snow fall in the winter. Living in Tehachapi, your children will get to fully experience every season – and the fun activities that come along with them!

Ice cream

2. Affordable Place to Live

The average sale price for a home in California is $485,800 while the average sale price in Tehachapi is just $276,300! Less money spent on housing = more money available to invest in your family!

Bike Riding in Tehachapi

3. Community Events

From the Farmers Market, to Trunk-or-Treat, to our big All American 4th of July Hotdog Festival, there is ALWAYS something fun and family-friendly happening in Tehachapi! For the full list of year-round activities, check out the Tehachapi event calendar.

4. Healthy Lifestyle Encouraged!

The residents of Tehachapi are active and for good reason! We’ve got tons of great hiking, mountain biking and equestrian trails, fishing and golfing. Our beautiful weather lends itself to year-round outdoor activities and there are plenty of them! And if the weather is having an off-day, there are even 3 gyms in our community to get your energy out, indoors. If raising your kids to love an active, healthy lifestyle is important to you, then Tehachapi is your place!

TehachapiTree

5. Friendly People

We may be biased, but the people you meet in Tehachapi are some of the friendliest people around. Always willing to lend a hand and offer a smile, we promise that you will feel the warmth of this special place right away. Raising your family in Tehachapi is a joy.

Family dinner in Tehachapi

We are so proud of our community and would be excited to welcome you as our neighbor. To schedule your appointment to speak with one of our local, Tehachapi-loving agents, click here. We hope to see your family in Tehachapi soon!

Current Homes For Sale in Tehachapi

Navigate Your Home Loan Like a Pro!

Navigate Your Home Loan Like a Pro!

Financing a home is one of the primary concerns for most home buyers in Tehachapi.  Your agent at Associated Real Estate is here to help you navigate the maze of loan types and mortgage terms.  Here are some of the basic loan terms to help you get started.  And remember, with any home purchase your first step should be to contact a reputable realtor and schedule a FREE consultation.  If you are planning to purchase a home call us now at 661-822-3500.

  • Mortgage  A loan specific to purchasing property, where the bank liens you the title with the agreement you will pay the entirety of the balance owed on your beautiful Tehachapi property!
  • Conventional Mortgage – Any mortgage loan that is not insured or guaranteed by the federal government. This applies to all privately owned property, and is the most common type of mortgage.
  • Term  Refers to the length of the loan. Home loans (mortgages) are often in terms of 15, 20, or 30 years. Generally, as term lengths increase your payment will decrease; however, a shorter term loan means you will pay less interest over the life of the loan.
  • Annual Percentage Rate (APR)  A yearly interest rate(calculated by the average interest rate over the term of the loan) that includes upfront fees and costs associated with the loan. Use this to accurately compare the costs of different loans as fees will vary depending upon the lender, and every buyers situation is different. Make sure to make your loan work for you!
  • Fixed Rate  A fixed rate mortgage allows you to lock in an interest rate that will last for the entire term of the loan. These are, generally, a good choice if current interest rates are low.
  • Adjustable Rate  Adjustable Rate Mortgages (ARM) usually begin with a lower interest rate than a fixed rate, but will increase as market rates increase. A good choice if fixed interest rates are high, but make sure you are willing to have a payment that will increase over time!
  • Caps – A limit to how much and how frequently an interest rate can change on an adjustable-rate mortgage. These payment caps can be periodic or extend for the life of the loan. Thank goodness for structure!
  • Note – No, not like the ones we used to pass in class! This note is a legally binding written promise to repay the mortgage plus interest, which includes the name of the borrower, issuing lender, and the terms and provisions.
  • Down Payment – An upfront payment made by the home buyer(you!) toward the sale price of the property, typically ranging from 5-20%. The remainder of the sales prices makes up the mortgage loan amount, excluding interest. Typically, the bigger the down payment is the smaller the monthly payment will be, and we all like small payments!
  • Amortization  The paying down of principal(the loan excluding interest)  over time. Generally, the principal is scheduled to be paid off, or fully amortized, over the term of the loan.
  • PITI  This is a fun one. An abbreviation for the major expenses that make up a mortgage payment: Principal (the amount borrowed), Interest, (Property) taxes, and (homeowners’) Insurance.
  • Escrow  The holding of funds or documents by a neutral third party prior to closing your home sale. You can practically taste home ownership at this point! 
  • Closing Costs – An amount of money that must be paid to close your loan, including lender fees and third-party charges, along with taxes and transfer fees. Almost there!
  • Closing – The final step in the loan process when loan documents are signed at an escrow or title company. Congratulations on your new home!!

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A Few Things You May Not Know About Tehachapi

A Few Things You May Not Know About Tehachapi

  • Tehachapi may have gotten its name from the Kawaiisu people that made the Tehachapi Valley their home for hundreds of years before it was settled. Tihachipia, the word meaning “hard climb” in the kawaiisu language is said to have evolved into Tehachapi over the years.
  • Established in the 1860’s, the Southern Pacific Rail Road depot was the oldest building in Tehachapi until it burnt down in June 2008. It was rebuilt and is now the home of a rail road museum.
  • Tehachapi Natives love their home town team. If you ever feel like being nostalgic you can look up Warrior Football records dating back to the 1930’s on their website http://thswarriors.com/.
  • The Errea House is the only  surviving building from the original Tehachapi settlement. It was relocated to its current location at 311 S. Green St. around 1900. The Errea House in now a museum.
  • The large white cross placed on top of the mountain in the center of the Tehachapi loop was placed there in memory of two rail road employees killed on May 12, 1989 in a train derailment.
  • President Ronald Reagan at one time owned a ranch in Bear Valley Springs.
  • As of 2014 Tehachapi Valley had a population of 35,000 people. 9,000 of them lived in Golden Hills alone. Of the 3,200 households in Golden Hills,  36% of them were families with children.
  • More than 1,000 bicycling enthusiasts have ridden the GranFondo in Tehachapi each year.
  • Big Daddy, the descendant of a herd of Rocky Mountain Elk purchased from Yellow Stone National Park was a beloved Elk of Tehachapi residents. He was the victim of poaching. The poacher was found and convicted. Big Daddy’s Antlers now hang in the Bear Valley Country Club in his memory.

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Understand Agency Relationships

It’s important to understand what legal responsibilities your real estate salesperson has to you and to other parties in the transaction. Ask what type of agency relationship your agent has with you:

whyusearealtor2

Seller’s representative (also known as a listing agent or seller’s agent)

A seller’s agent is hired by and represents the seller. All fiduciary duties are owed to the seller. The agency relationship usually is created by a listing contract.

Buyer’s representative (also known as a buyer’s agent)

A buyer’s agent is hired by prospective buyers to represent them in a real estate transaction. The buyer’s rep works in the buyer’s best interest throughout the transaction and owes fiduciary duties to the buyer. The buyer can pay the licensee directly through a negotiated fee, or the buyer’s rep may be paid by the seller or through a commission split with the seller’s agent.

In Tehachapi, as in most of California, a buyer typically wont pay anything to their agent because the buyers agent will generally be offered a share of the commission paid by the seller. This gives buyers a way to have someone representing their best interests searching for homes for sale and negotiating for a Real Estate purchase.

Subagent

A subagent owes the same fiduciary duties to the agent’s customer as the agent does. Subagency usually arises when a cooperating sales associate from another brokerage, who is not the buyer’s agent, shows property to a buyer. In such a case, the subagent works with the buyer as a customer but owes fiduciary duties to the listing broker and the seller. Although a subagent cannot assist the buyer in any way that would be detrimental to the seller, a buyer-customer can expect to be treated honestly by the subagent. It is important that subagents fully explain their duties to buyers.

Disclosed dual agent

Dual agency is a relationship in which the brokerage firm represents both the buyer and the seller in the same real estate transaction. Dual agency relationships do not carry with them all of the traditional fiduciary duties to clients. Instead, dual agents owe limited fiduciary duties. Because of the potential for conflicts of interest in a dual-agency relationship, it’s vital that all parties give their informed consent. In many states, this consent must be in writing. Disclosed dual agency, in which both the buyer and the seller are told that the agent is representing both of them, is legal in most states.

Designated agent (also called appointed agent)

This is a brokerage practice that allows the managing broker to designate which licensees in the brokerage will act as an agent of the seller and which will act as an agent of the buyer. Designated agency avoids the problem of creating a dual-agency relationship for licensees at the brokerage. The designated agents give their clients full representation, with all of the attendant fiduciary duties. The broker still has the responsibility of supervising both groups of licensees.

Nonagency relationship (called, among other things, a transaction broker or facilitator)

Some states permit a real estate licensee to have a type of nonagency relationship with a consumer. These relationships vary considerably from state to state, both as to the duties owed to the consumer and the name used to describe them. Very generally, the duties owed to the consumer in a nonagency relationship are less than the complete, traditional fiduciary duties of an agency relationship.


Search Tehachapi Homes for Sale the easy way.

Check out our

2 CLICK HOME SEARCH

to see real time data from the MLS for FREE!