Sacramento Real Estate Views

Renters! Rent = House Payment?

It’s a Perfect Time to Buy a Home in Sacramento

With the decline in prices for Sacramento homes and low interest rates, the time now to quit paying into your landlords wealth and begin creating your own.  With all of the recent foreclosures, home prices haven’t been this low in years.  For what you’re paying in rent you may be able to own. This is the perfect environment to purchase a home!

Foreclosures and Renters

Recently, because there are so many foreclosed/bank owned homes, we’ve noticed that some tenants are being relocated and forced to move several times over.  Investors who got into the market in 2005 and 2006 , possibly the worst time to buy an investment property, or refinanced into junk mortgages are losing their investments and often times don’t notify the renter that they will be losing their home until someone from one of the REO/Bank Owned real estate teams knocks on their door and tell them they have to move.  Sometimes, there is no notice at all.  The stress of all this isn’t good for anyone.

Add Security to Your Future

The above scenario is happening all over the Sacramento real estate market.  The way around this is to purchase your own home so that you know where you’ll be and noone can just walk up to tell you that the home you’re living in is now owned by the bank and you have to move.  Here is what you need to do:

Step #1

You have to get qualified by a lender.  Although getting a mortgage isn’t easy these days, it’s still possible and with as little as 3% down.  The days of 100% financing are virtually gone and it won’t be long until the least amount you can come down with is 10%.

In real estate today, your offer will not be considered without a pre approval letter.  In fact, your agent is doing you a HUGE disservice if he/she writes your offer and submits it without a pre approval.  If you’re paying all cash, (I know but I thought I’d mention it) you need verification of funds to close that must accompany your offer.

Step #2

Find an agent you can trust.  Interview a few if you need to.  We have experience in this market, referrals for lenders and the knowledge to help you get into a home as quickly as possible.  This will be required if your landlord loses his investment and you lose your home.  This is a very real possibility in every area of the Sacramento region.

It is possible for you to buy a home.  We can help you to get that done.  Please contact me. We’ll be happy to meet with you and help you to figure it out.

Don’t let the bank force you to move, take your destiny and the destiny of your family under control and provide security in a time when it’s the most important.

Tags: homes in sacramento, rentals in sacramento, sacramento real estate, sacramento real estate agents

WARNING: Renters of Sacramento Real Estate

There is a very real scam in renting Sacramento real estate right now.  The increased inventory of bank owned homes that are vacant, largely unattended and on the market for months creates a situation where unscrupulous people are taking advantage of others.

This has been prevalent in the south Sacramento area as well as other areas of the region as well.  To find out more information about who owns a property you might be interested in go to the Sacramento County Assessor’s Office website, click here.

Enjoy and, as always, thanks for watching.

Tags: homes in sacramento, real estate agents in sacramento, sacramento rentals, sacramento rents

What You MUST know about the $7500 Homebuyer Tax Credit

This link is to my other blog article on my other site about this legislation.The government passed a bill, the Housing Rescue legislation, and gave first time buyers a tax credit of $7500 when purchasing a home between April 2008 and July 2009.  That’s nice and all but what’s the truth about this “gift”?  This video exposes THE detail about the government program that you’ll need to know.Frequently asked questions (FAQ’s) about this from the National Association of Realtors.  Also, quick facts about this from Joseph Griffin from Catawba Valley Real Estate Blog is helpful as well.Enjoy and as always, thanks for watching!

Tags: homebuyer tax credit, homes in sacramento, sacramento real estate, Sacramento real estate market

First Time Home Buyers are BACK in the Sacramento Real Estate Market

I had a nice experience at an open house.  (Click here to see a GREAT deal on a home in Citrus Heights.)  It’s nice to see first time home buyers back in the market.Enjoy and thanks for watching!

Tags: First Time Home Buyer Info, homes in sacramento, homes in sacramento ca, Sacramento homes, Sacramento real estate market