Sacramento Real Estate Views

California Foreclosures Drop 61% in September

According to ForeclosureRadar.com, the filing of notices of default declined 61% from the August level of 42,790 to the September level of 16,352.  This was primarily due to a new state law requiring lenders to notify owners of the filing, their options and waiting 30 days before proceeding.

While this is a nice headline on the surface, it seems that it will only delay the process of foreclosure not eliminate it altogether.

“The drop indicates that the lenders were not ready for the impact,” said Sean O’Toole, founder of ForeclosureRadar.com.

The move by the state was to encourage lenders to modify loans to help make the homes more affordable and thus help people keep their homes.  The only issue then becomes that, according to Sean O’Toole, it might encourage non-defaulting homeowners to default in hopes of getting a principal amount reduction of their mortgage balance and still be able to keep their homes.

The decline of default notices aside, trustee sale notices and the number of properties auctioned off were both down as well and I don’t know how much that has to do with the law passed by the state as these properties have already been through the foreclosure process.

Is the state and national legislation taking the bite out of foreclosures?  Wouldn’t that be a nice turn of events?

Looking for a home in the Sacramento or Placer county areas?  Give me a call, I’d love to help you too.

Tags: homes in rocklin ca, homes in roseville ca, rocklin real estate, rocklin real estate agent, roseville real estate agent, sacramento real estate

EXCLUSIVE NEW HOME OPPORTUNITY!

New Home Builder in Westpark, Roseville Makes Exclusive Offer for Buyers of SREV.com!

I got a call today from a new home builder in Westpark.  The context of the conversation was that “hey, we’ve got (“X” amount) homes to sell before December 1.  Make us an offer and we’ll consider it.”  It was music to my ears!

This is one of the most well respected builders in the Westpark, Roseville community and the nation.  They have authorized me with all of the information I need to get you the best possible price on a new home this year.  I’ve been asked to withhold the name of the builder and the prices to share them only with serious buyers.

Some of these homes are move in ready or on a 30,45 or 60 day close schedule.

How Buying a New Home Benefits You

New Home Warranties vs. Existing Home Warranties

There is just no comparison. Buying a new home and buying an existing home are two different animals altogether. I know, I’ve sold both.  As I’ve mentioned in previous posts, new homes come with customer service and warranties that an existing home will not.  The best you will do with an existing home is a 1 year home warranty that will have to be renewed every year, if you wish to, with a price tag of about $500.  Then, if you have an issue, you’ll get the run around with the warranty company while they try to ascertain if the condition existed before you purchased the home.

In new homes, you call, they come and they fix it. Period. Unless the damage was caused by you either accidentally or intentionally, it’s covered.  Something fails, it’s no cash out of pocket and they are there for you.  The home warranty company in existing homes, well, let’s just safely say that the service isn’t even comparable.

Builders, if you know the right one to chose, stand by their homes.  It guarantees future business, referrals and a high JD Power ranking.

The Most Up to Date Building Codes and Energy Features

Building codes change every year especially in California.  Existing homes, all of them, are exempt from updating unless a major modification is made to the structure.  Otherwise, existing homes just sit there and get old and outdated.  New homes are built with the most up to date changes in construction standards.

While it’s true that what is new today is old tomorrow, certain features of new homes today won’t go out of style for some time.  The builder who has made the EXCLUSIVE OFFER to Sacramento Real Estate Views buyers equips every home with low maintenance solar energy cells in the roof panels.  Combine that with living in Roseville, who has their own electric company, and your electric bills will be almost non existent. Watching the electric meter running in reverse is an awesome sight!

Also, the windows of these homes are very special, Low “E” windows that reflects heat that hits them back outdoors in the summer and back indoors in the winter.  They are the most energy efficient component of your new home.  Dual pane windows alone don’t compare.

In addition to all of these highly sought after features, these homes also include a radiant barrier that is laminated onto the reverse side of the roof sheathing.  This keeps the attic temperature roughly 30% cooler in the summer and the interior of your home warmer in the winter further reducing your “carbon footprint”.

The Best Prices of the Year on a New Home

All this stuff is nice but the bottom line is what matters most lately.

If you could get all the benefits of buying new at the price of an existing home, would you move forward?

With all of the fallout on Wall Street, everyone is a bit on edge.  I have a list of homes, the base prices and the discount they’ll tell me about.  They will go lower and I have a strategy for that.

If you’re interested in buying a new home in Roseville, please give me a call.  We can get together, look over what I’ve got and if it looks good to you, we’ll form an attack strategy and get moving.

It’s the 4th quarter of the year and the builders have inventory they want to move before the end of the year.

Check out “It’s Bargain Time in New Homes!”

(images are from random brochures obtained and are not meant to be representative of any specific builder)

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