Sacramento Real Estate Views

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2217 15th Avenue, Sacramento

Just Listed!

I’ve just listed a fourplex in South Sacramento on 15th Ave.  I helped the seller to purchase this property last year and when he bought it, it was a mess.  2 of the units were in decent shape but the other two were in hellish shape.

He spent the money and fixed up all units and improved all systems that needed repair.

Each unit is 2 bedroom, 1 bath at an estimated 800 square feet.  The roof is in good shape and there are some minor repairs that will be completed prior to close of escrow.

The landscaping and auto sprinkler system have been repaired.

The condition here is virtually turnkey.  There will be a commercial pest/insect spray prior to close as well.

Rents

Each unit is currently rented for $650 per month.  There are no section 8 tenants.  There is also a small income coming from an onsite laundry area but this is nominal.  Each unit has a lease of varying length from 3 to 12 months.

That’s an estimated 8.44% cap rate on 25% down, 5% – 30 year fixed.

Location

The location here is good.  Very close to both Highway 99 and I-5.  In addition, it’s just across Sutterville Road from Sacramento City College and just across Freeport from William Land Park.

For more information on this listing or any other listing in the Sacramento region, please fill out the form below and we’ll get back to you promptly.

Thanks for visiting!

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All information is estimated.  Buyer to ascertain for themselves all questions regarding condition and investment viability.  Buyer responsibility to verify all assertions.

Tags: investment property sacramento

Big Box Sites Providing Bogus Info?

Information Often Out of Date

I work with many, many buyers in the Sacramento real estate market.  In the process of searching for a home, most of them at one time or another will ask me to look up a property they found from a site other than the MLS searches that they receive from me.

The concern is always the same. Why aren’t these homes included my searches?

Without fail, I get the address, search the property to find out that, especially with short sales, the property is already sold or has a contract pending on it.

Why is that?  Why do the “big box” sites have so much inaccurate information?

Why These Sites Exist

The first thing to understand about these sites is that they’re primary focus is generating income from the traffic that comes via the search engines.  You type in an address of a home you think might be perfect for you and sites like Movoto, Trulia, Zillow and Realtor.com come up with the property you’re looking for as well as others.

These sites make it appear that the property is available just waiting for you to make an offer.  I can’t tell you how many times  when I search these properties, especially in short sales, that the property status is either pending sale or at a minimum active short sale contingent.

In other words, the home is unavailable.  Particularly in the market conditions we have been in for over a year where the inventory of homes for sale is slim and the competition is high.

These sites generally don’t change the status of the listings they tap into from the MLS.  It appears as if the property is still available when in fact it isn’t.  They still get the traffic to the site and from that they are able to sell advertising opportunities to agents and other real estate related businesses.

Are Realtors Any Better?

I also hear from people looking for an agent and clients alike that getting an agent to call you back is the biggest chore of all.  I hear the complaints from the consumer about how self centered agents are when they talk about being “service oriented” but they can’t pick up the phone to connect with what will make their businesses run….people.

For this, I have only one solution.  Call me.

Generally speaking, Realtors and real estate agents are a very odd lot that I’ve yet to figure out.  They know what they need to do yet the majority neglect to do it.

I do know this.  Call me and you will get a return phone call as I’m always looking to help someone get into a home whether that home is worth $100K or $1,000,000.  If I’m not available, someone on my team will be.  You won’t be neglected.

Our main concern is doing what we are licensed to do.  Sell homes.  We do it day in and day out.

Once you get through to us, we’ll make sure you get the most updated and ACCURATE information available about whatever area and home characteristic you’re interested in.  Nothing more and nothing less directly from our MLS.

The Final Word On The Big Box Sites

Despite some of the information on these sites being inaccurate, it does allow the consumer a platform to access some information without being “hassled” by another salesperson.   I respect that most would rather not hear from a Realtor/salesperson type and I don’t blame you.  Realtors/real estate agents can be obnoxious.

Find the right one.  Make some calls, find one that you feel has your best interests in mind and will help you sort through the myriad of information out there to find the best solution for you.

We’re always available to help.  Give us a call or fill out the form below and we’ll get back to you promptly.  We promise you won’t be disappointed.

As always, thanks for visiting!

Home Buyer Info Here!

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Tags: homes for sale sacramento rocklin roseville

Number Of Homes for Sale Increases

3 County Area Inventory Jumps Up

We’ve been talking about this for quite sometime but I wasn’t sure, and I’m in good company, that we’d begin to see the number of homes for sale in Sacramento, Placer and El Dorado counties increase.

It looks like the recent slow down in sales since the beginning of the year has helped there be more homes available for sale.

Wouldn’t know it as there are still multiple offers flying everywhere.  The decrease in bank owned homes and the resulting increase in short sale homes available is making the “regular real estate” and bank owned homes very competitive.

Now that the governor has signed a new tax credit into law, I would expect that sales won’t suffer depending on what interest rates do.  Interest rates are above 5% for the first time this year and one year ago were around 4.75%.

Most sources I read think home sales in the Sacramento region will slow over the coming year barring additional intervention from the government or banks who suddenly get it and start working to get short sales processed more quickly.  More on that later.

Looking for an experienced agent to help you sell or purchase a home in the Sacramento region?  Fill out the form below and I’ll get back to you promptly.

Thanks for visiting!

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Tags: homes for sale sacramento rocklin roseville, sacramento homes for sale

Granite Bay Luxury Homes

Great Bargains in Granite Bay

The foreclosure crisis, precipitated by the rough economic times, has hit the higher end home market and, in the year to come, we will see more foreclosures in the upper end homes.

This being the case, it’s a great time to buy a luxury home in our area.  Prices have come down dramatically and what used to be priced at $1.5 mil is now priced slightly above or below $1.0 mil.

With fewer buyers in the market for these homes and the resulting longer days on market, even seller’s with equity are willing now, more than in recent years, to be a bit flexible on what they will take to get their homes sold.

I’ve created a list of homes for sale in Granite Bay, our local luxury  community, $500,000 and above.

For your convenience, this list will automatically update when new homes come on the market in Granite Bay so you never have to hunt for another resource to find the exact home you’re looking for.  Just bookmark the page in your browser and it’ll be there when you’re ready to begin browsing through homes.

If you don’t see a home you’re looking for, just give me an email or call and I’ll be happy to do  the legwork it takes to find out if the home you’re interested in is on the market or not.

If you’re looking for a home in the beautiful community, just fill in the form below and the list will be automatically emailed to you.

Happy Holidays to you and thank you for visiting.

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Tags: homes for sale granite bay

Sacramento Homes for Sale Continues Decline

Inventory at Low Levels

With as many homes that have been foreclosed on, you’d think there would be more homes to choose from in the Sacramento real estate market.

Well, this isn’t the case.

The banks have been holding the homes they have foreclosed on from coming on the market, driving the available homes for sale to levels not seen in many years while the sales prices continue to increase for homes in the lower price ranges.

As of this morning, there are only 5610 single family homes for sale in the Sacramento, El Dorado and Placer county region.

That is not a lot of homes to choose from.

Where Has All The Housing Gone?

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Tags: homes for sale sacramento

First Time Home Buyer Tax Credit

Ends November 30 – The Clock Is Ticking!

Buying your first home can be very stressful!  While getting an $8000 tax credit can make it easier, there is still a lot of stress involved.

Getting the credit, though, is very easy to do and I thought I’d outline the steps involved so there is at least one less thing to worry about. Here is what you need to do to get the credit:

1) Close escrow on your new home by Novemeber 30, 2009.

2) Make sure you’re qualified for the tax credit under IRS guidelines.

3) Decide which year to file.  Amend 2008 or file it with your 2009 return.

When To Apply

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Tags: first time home buyer tax credit

Buying a Home in Sacramento

What to Expect – Preparation is Half the Battle

So you’ve gotten your offer accepted, YEAH, and now it’s time to enter escrow, complete your due diligence, get closed and on your way to home ownership or renting out your investment home.

While it may have seemed that getting your offer accepted was the hard part, your escrow will not go as you had planned or hoped it would.  Expect this.  There will be hiccups during the course of your “transaction” that will have you scratching your head and thinking “is this really worth it?”  While that’s a question only you can answer, you’ve got to keep in mind that the home buying environment out there is vastly different that it has been in the past.  It doesn’t matter how many homes you’ve bought and sold, every one of them is different with varying bumps in the road that will need to be navigated.

That is the reason you want to work with an experienced Realtor who has seen a vast majority of these issues come and go.  We bring reason to a very emotional situation.  While it may not be what you want to hear when you’re seriously angry about the situation at hand, it will help keep you focused on the goal and moving ahead instead of moving backward.

A Few Examples

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Tags: buy a home in sacramento