Sacramento Real Estate Views

Archive for December, 2008

Horseshoe Bar and Grill, Loomis

New Years Eve Celebration at the New Horseshoe Bar and Grill

I’ve been to the Horseshoe Bar and Grill many times and it’s always been the place to go in Loomis.  That said, Loomis isn’t teeming with night life but the ” ‘Shoe” gives the downtown area new life especially with a special menu for New Years Eve.

On New Years Eve, they are offering a special, 4 course meal at $50 per person.  The regular menu will not be available but no matter what they are serving, it will be worth the time and money.  The food here is very good.

The meal begins with Butternut Squash Raviolis in a sweet and sour pear emulsion. Then they throw Ahi Tuna Lollipops at you followed by a Coriander Crusted Lamb Loin. That’s just course #1.

For reservations, and I recommend that you make them, call 916-652-4100.  Ask for Brandee, she’ll do her best to take care of you.

Click here to find out more.

Tags: new years eve

Lease Options in Sacramento

Great Option for Investors and Buyers

As the mortgage markets have gotten tougher and the foreclosure boom is in full stride, bridging the gap between buyers and sellers has become a necessity of moving real estate between parties in the Sacramento market.  Buyers who are completely qualified are having difficulty buying homes due in large part to the majority of the market being bank owned and the financing being provided by government backed lenders.  (Click here to understand why this is an issue)

While there are pros and cons to lease options, the same can be said for mortgaging a home with a bank.  Just ask anyone in the Sacramento region who is $100K, or more, upside down in their homes!

I’ll attempt to touch on what a lease option is and give a few tips for getting one completed.  The basic elements of a lease option are:

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Tags: homes in sacramento, sacramento lease option

Rocklin and Roseville Real Estate

Interactive Open House Map for Sunday, 12/27 -12/28

(Click here for the most current map. Thanks!)

I’ve created a interactive Google map with all of the open houses scheduled in the MLS for Saturday, December 27 and Sunday December 28. Click on the link below to view all the open houses for Sunday.  There aren’t many due to the holidays.  I’ve also included the lowest price home for each zip code included in the report.

Google Interactive Open House and Lowest Priced Home Map

Every week I’ll be updating this map with all of the open houses for the upcoming weekend.  The schedules in the MLS sometimes don’t get posted until the last minute, ie. on Friday mid day or sometimes as early as Thursday.  I’ll be creating these every Friday morning while looking for updates throughout the day.

It happens that the agents scheduled to hold any given home open have to cancel at the last minute for whatever reason.  If you’re interested in a specific home and would like to see it, why not give me a call for a private showing?  This will ensure you get to see the home you’re interested in.

If you’d like a private showing, please click here to contact me.

Like what you’re reading?  Why not subscribe.  Click here to find out how.

Information courtesy of Metrolist, Inc.

Tags: Open homes roseville, Open Houses Rocklin

Sacramento Mortgage Rates

Long Term Mortgage Rates Hit All Time Low

According to Mortgage News Daily, mortgage rates have fallen for the 8th straight week with a new low average of 5.14% for a 30 year mortgage with less than a point paid.  That’s pretty low and a record since Freddie Mac began tracking this in 1971.  A check of the Freddie Mac Mortgage Survey confirms this as of December 24th.

On NPR yesterday morning, it was reported that there has been 48% jump in mortgage applications over the last week alone, the highest level in almost 5 years.

That’s good news for our local market or any market for that matter.  After the first of the year, there will be many more homes available for sale since the foreclosure moratoriums have been lifted by various entities both private and public.  Lower interest rates will help to keep inventories levels under control DEPENDING on the economy.  If the recession deepens into something worse, it won’t matter much what interest rates do as the unemployment situation will have worsened and even fewer people will be able to buy.

The Key

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Tags: mortgage, sacramento real estate

6031 Valley Hi Dr., Sacramento

Classic Sacramento Home

This is a great home in the 95823 area code.  Now priced at $128,500 with 3 bedrooms, 2 bathrooms and a pool, it’s also a good deal but it’s been on the market for a while and I think a better price can be had on this one.

It needs a little fix up but beyond that it appears to be a pretty solid home.  This floor plan and architecture is very prominent in the south Bay Area homes, something I really appreciate.

With a little cosmetic fixing, from all appearances, this could be a very nice home.

Looking for an agent to help you find a home?  Click here to contact me.

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Mapquest of the Location

Tags: homes in sacramento

6810 Blowing Wind, Citrus Heights

Great Home in Citrus Heights – Video Tour for Belinda Davis

This home is located in a nice neighborhood in Citrus Heights, very close to schools, shopping and restaurants in addition to easy access to Hwy. 80 to all points west and east of the region.

Google Map Location of the Home

It’s got 3 bedrooms, 2 baths and is situated on a .28 acre lot.  It backs up to a senior mobile home park and that equals a quiet location, generally speaking.

Below is a video tour for you, Belinda.  I hope you like it.  Merry Christmas and Happy New Year to everyone.

Tags: sacramento real estate

Foreclosures In Sacramento

Are You Worried About Losing Your Home?

I visited the SHRA, Sacramento Housing and Redevelopment Agency, and they had a load of information regarding foreclosure resources so I thought it might be good to pass it along.

There have been many, as there always seems to be, cases of fraud regarding those attempting to take advantage of others who are in in trouble.  This housing market is no exception to that.  Here are a couple of things to watch out for:

1.  Anyone who calls or comes to your home offering to help unsolicited.

Some areas of the region are more prone to foreclosure than others.  The unscrupulous could target these neighborhoods and take advantage of folks having  a hard time making their mortgage payments.

2.  Anyone who offers to let you stay in your home if you pay them rent.

3.  Anyone who asks for a security deposit and first month’s rent in cash for a rental home.

I’ve seen single mothers displaced by this one.  It’s a tragedy of the market and it does happen.  Never pay anyone who asks for cash upfront in this market or any market for that matter.

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Tags: foreclosure resources, homes in sacramento, sacramento foreclosures