Flips… Are They For You…?

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I’ve got some “before” and “after” videos for you.   This one was an easy.

Earlier this year I was previewing homes for some Buyers I was working with and came across this property located at 106 Haskins Court here in Folsom.   It was a Bank Owned Home and was listed at the time for $305,000

Of course they had multiple offers on it..!    I know because I represented a “Cash” Buyer with an offer of $320,000 but we didn’t get it.   No,  It sold for $324,000 to another “cash buyer” and closed escrow on March 1, 2013.

The new buyers have since re-listed the property at $399,900 on April 18th and about 2 weeks later it went to a Pending Sale status on May 1st.

Since it was vacant still I went over there and did a follow up walk through video because I was curious myself to see what they had done to get it back in shape.

I have two videos for you… A “before” and an “after”.

Here’s what it looked like when the current owner purchased it – “Before Video”

Here’s the “After” the fix up video.

I’ve been involved in a few “fix ups” the last couple of years and with the exception of a new roof,  there really wasn’t much to do except a clean up in and out, new paint, new carpet and that was just about it from what I saw.

Let me know what you think.

In the mean time…?

Make it a Great Day…!

Ed Favinger, Broker CRS, GRI, SFR, CDPE       916-203-1260     favinger@rwnetwork.com

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Another Great Day in Folsom, California

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If you are thinking of moving to the area… Here’s some pictures to show you what a day is like here.

I was out and about today and thought I’d share some pictures of just some parts of the town that I have called home for 24 years now.

You’ll get to see some of the parks, some homes, Folsom Lake, the nature trails and preserve, The Historic District and the Paladio.

In the Mean Time..?

Make it a Great Day…

Ed Favinger, Broker, CRS, GRI, SFR, CDPE      916-203-1260    favinger@rwnetwork.com

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Affordable Housing in Folsom… Another Law Suit…

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And you wonder why prices of homes in California are so high…?

I thought I’d share this story from the Sacramento Bee today regarding a recent “settlement” with Legal Services of California.

Now while I’m not a big advocate of government forcing developers to set aside land for “low income” residents the reason I posted this article is to show you what the average rent for an apartment here in town is.

 

You’ll have to read the short story… that information is near the end of the reporters story.   You might also want to check out the comments section as well…. The article is below.

 

Folsom, affordable housing advocates settle long-running feud

 

In the mean time…?

Make it a great day..!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE     916-203-1260    favinger@rwnetwork.com

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More Old News From the Sacramento Bee – When It Comes to Real Estate

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I’ve Been Telling Folks For Years That They Had Stopped Building New Homes Here.

I can case you haven’t yet seen this article from the Sacramento Bee,  I’ve got the link for you below.

However… I have to add that the only reason prices haven’t climbed higher is the still high unemployment in this area.    When that gets better, you’ll see prices and demand really go up and new homes coming on the market.

Sacramento area home builders struggle with rising demand, lack of ready lots

 

Now… In the mean time…?

Make it a Great Day…!

 

Ed Favinger, Broker CRS, GRI, SFR, CDPE       favinger@rwnetwork.com     916-203-1260

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