When Selling a Home or Investment Property – At Least Upgrade the “Curb Appeal”

The Drought is not an “excuse” to stop maintaining your landscaping.

If you have followed this blog for a while or if you have just found it, you’ll know from my past posts that I think the one thing many investors and even home owners over look or put in a lower priority is the landscaping… especially the front yard.

Many people will make a snap decision on the spot whether or not to buy or rent or even get out of the car when they first pull up. First impressions are important don’t you think…?

Case in point is a Duplex that just came on the market a day or so ago located at 7937-7939 Tangors Way, Citrus Heights, Ca.  I had to just laugh when I saw the price because I know the area and specialize in Duplexes.

In addition, the fact that there are no “front yard” pictures provided to the Multiple Listing Service kind of gave me a clue there’d be a “surprise” for me. I drove by to take a peek and I’ve got a video here below for you.

The agent describes this property with words such as “well maintained” and “in great shape”.

Take look at the video tell me what you think…?

 

It doesn’t take much really to make a property stand out.

What about planting some trees and shrubs…?

This investor is not the only one.   I wrote about a Duplex in Roseville where the investor did the same thing… which was nothing to the landscaping in front or the back yard, but promoted the “large back yard” as a good thing.

CLICK HERE FOR THAT STORY….

I’d appreciate your feedback… Let me know what you think…  Am I being too critical…?

In the mean time…?

Make it a Great Day…!

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

When Selling a Home or Investment Property – At Least Upgrade the “Curb Appeal”

The Drought is not an “excuse” to stop maintaining your landscaping.

If you have followed this blog for a while or if you have just found it, you’ll know from my past posts that I think the one thing many investors and even home owners over look or put in a lower priority is the landscaping… especially the front yard.    Many people will make a snap decision on the spot whether or not to buy or rent or even get out of the car when they first pull up.

First impressions are important don’t you think…?

Case in point is a Duplex that just came on the market a day or so ago located at 7937-7939 Tangors Way, Citrus Heights, Ca.

I had to just laugh when I saw the price because I know the area and specialize in Duplexes.  In addition, the fact that there are no “front yard” pictures provided to the Multiple Listing Service kind of gave me a clue there’d be a “surprise” for me.

I drove by to take a peek and I’ve got a video here below for you.  The agent describes this property with words such as “well maintained” and “in great shape”.

What do you think…?

It doesn’t take much really to make a property stand out.   What about planting some trees and shrubs…?

This investor is not the only one.   I wrote about a Duplex in Roseville where the investor did the same thing… which was nothing to the landscaping in front or the back yard, but promoted the “large back yard” as a good thing.

CLICK HERE FOR THAT STORY….

Let me know what you think…  Am I being too critical…

In the mean time…?

Make it a Great Day…!

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

 

Do You Want To Know The Reason I am Bullish On Folsom and Sacramento Real Estate..?

It’s All About “Affordability”…!

 

I want to pass on the numbers of the recent report provided by the California Association of Realtors regarding the 2nd quarter “affordability index”.affordabilty index

Click Here for the 1st Time Buyer’s Affordability index data and you’ll see we have a healthy market and that should be around for a while yet.   The reason I’m confident of about the future market is the history of this index to the market.

When I moved to Folsom from Santa Clara County (Silicon Valley) back in October of 1989, the Affordabilty Index was a lot different.    If you look below here you’ll see the Traditional Affordability Index back then.  This index is based upon a buyer with a 20% down payment for the “median priced” home.

Area/Region 1989

California      23%

Sacramento  40%

Santa Clara   19%

As you can see above,  when I moved to Folsom 40% of the folks living here at the time could afford to buy the median priced home, compared to only 19% in Santa Clara County.    The point of all this…?  There was a bust in Real Estate shortly after in late 1990 and 1991 that lasted a couple of years.   The same thing occurred in late 2005 and early 2006 when we saw the Affordability Index drop big time because of price appreciation.

Today, you’ll note,  from the 1st time buyer’s index above, affordability is really not a problem right now is it…?  Therefore, you’d think with all things being equal,  we’ll have a decent real estate market for a while before we have some kind of correction.

Things could change of course, interest rates going up or other economic factors out of our control, but overall…?   I think we’re in for a couple of good years.

In the mean time…?

Make it a Great Day…!

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

 

 

What Drives Cash Flow in the Sacramento Region’s Real Estate Market..?

“It is all about jobs”

I was asked by a Bay Area Real Estate Investor yesterday while we were touring the area looking at Duplexes for sale.  He and his wife had a concern about the possibility of rents increasing along with property values.    That tour included properties in Folsom, Citrus Heights, Carmichael and Sacramento.   So as we were driving, my answer was, “it’s all about jobs”.

I told him as the  job market and the overall economy gets better,  there will be upward pressure on rents because building of new units had come to a standstill.

We’re just now starting to add more homes in the market.

English: A photo of the theater sign at the Su...

Lo and Behold…..!  There’s an interesting article in today’s Sacramento Bee’s Business section that is going to be a 3 part series about this area.

Check it out, because if you live in the Bay Area and want to invest in the Sacramento Real Estate market, this short article will give you some idea of what is going on and being contemplated in the area.

What will redefine us..?  Local leaders offer ideas.  SacBee 8-17-14

Let me know what you think of the article and you might want to check back for their updates.

Now, if you have any questions regarding the Sacramento Region’s Real Estate Investment opportunities, please contact me at anytime.

In the Mean Time…?

Make it a Great Day…!

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

 

Another Article about Folsom…And Some Recent Sales Stats Too…

From the Sacramento Bee – Real Estate Section – August 2, 2014

I thought I’d pass this on in case you don’t get the Sacramento Bee.   As a 25 year resident of Folsom, I can tell you that this is old news but it’s nice to read about your town.    Take a look at the article below.

Schools get high marks from residents

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Below is some recent Sales Data that I think you might find interesting.

Folsom Real Estate Sales Data

Average Listing Price (last 12 months)

AVERAGE LIST PRICE IN JULY

Single Family Homes    $517,478       Condos/Townhomes    $250,659     Multi­family  Homes   $694,667

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Folsom Real Estate Sales Data

Days on Market (last 12 months)

CURRENT AVERAGE DAYS ON MARKET IN MAY

Single Family Homes  -  90,   Condos/Townhomes – 92,      Multi-family Homes –  86

In the Mean Time…?

Make it a Great Day…!

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