If you hear someone say the Real Estate Market here is dead.. Trust me, they are “mis-informed”..!
It seems just about every time I find a property a buyer I’m working with has an interest in, we’ve had to compete with other buyers to get 1st in line. 
A home we listed “for sale” at 2925 North Platte Way, Sacramento just last Thursday, has generated 5 offers…! This home is located in the North Natomas area where there has been a flood of foreclosures and short sales the last several years.
No matter, there was an offer on the property the next day after it posted on the Multiple Listing Service. Folks… this is nothing new and almost any Real Estate Agent or Broker in the area will verify what I’m saying here.
Even the rough ones, the “fixers”, are selling. You go back a couple of weeks ago to a blog post I made regarding a unique investment property over in the Fair Oaks area that had 23 offers…!
Bottom line…? If you are in the market now, chances are you will experience this for yourself… that is, having to compete against other buyers for the same opportunity. You might even have to bid on several properties before you finally get the right one. So don’t get discouraged. It’s just the market we’re in now.
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR 916-203-1260 favinger@rwnetwork.com
We’ve got units from Roseville, Sacramento, Folsom, Lincoln and Cameron Park.
We all of a sudden find ourselves with a few rentals available. Some have just been purchased by new investors and have been fixed up and offered now for rent.
All of these require a 1 year lease. Many, if not most, have new carpet, paint and come with landscape maintenance.
To get to our list CLICK HERE
In the mean time…?
Make it a Great Day…!
Ed Favinger, Broker, CRS, GRI, SFR favinger@rwnetwork.com 916-203-1260
If you are looking for something besides a Duplex or a Single Family Home, maybe one of these will work for you.
I’m not a real big fan of 4 plexes in this area because most of them don’t have the “amenities” that Single Family homes or Duplexes offer to compete for quality tenants and optimum rents.
There are exceptions of course so I thought I’d point these out to you, because they’ve both just come on the market.
I’ve got estimated cash flow projections for both of them.
I hope you found the above informative. If you’d like to know more about getting into the small apartment market drop an email note my way or call me. My contact information is below.
In the Mean Time…?
Make it a Great Day…!
Ed Favinger, Broker CRS, GRI, SFR 916-203-1260 Favinger@rwnetwork.com
“After further review” as they say in the NFL….
Folks… I was out showing property to another investor and to give him an idea of the market, I took the time to shown him the properties that I’ve profiled here along with others.
We viewed this one on Camino Gardens and thought there was a lot lacking… such as kitchen drawers that weren’t working etc… but you know what… It’s a Pending Sale…!!
Click Here for the videos before and after on this property and you’ll see what I’m talking about… There are other “little things” they didn’t do… but that didn’t stop an investor from putting in his offer.
And.. I just finished an interesting phone call from the listing agent regarding the property he has listed on Imran Court that I profiled a couple of days ago… It’s wildly overpriced but he’s had a couple of offers on it already..!
Click here for that one… I’ll let you know if gets it into escrow.
In the mean time…?
Make it a Great Day
