Realty World – Your Property Source

Versatile…Lots of Utility…Adds Value… What am I talking about…?

Its the “Court Yard Entry”…!

One of the things I’ve learned since I’ve been in the Real Estate business is the more amenities a home has, the more utility and therefore the higher value.

Landscaping was described to me in a “Landscape Book” I bought.   “Landscaping extends the living area of your home.”

In other words, you could have a 3 bedroom 2 bath home with about 1200 sq. ft. that might seem kind of small.   However,  if you had a nicely landscaped setting of perhaps a 10′ x 10′ patio as part of your front ”court yard” entry along with a patio of the same or larger size in the back yard, you’ve essentially increased the living space of this home haven’t you…?

With a Courtyard Entry, you can have another nice setting to hang out besides the backyard.   I know that most folks have the family gatherings and BBQ’s in the back yard.   If you had that extra area in front,  you can take advantage of the various orientations of your home.

For example, if your home faces the west you can sit in the front court yard looking out over the neighborhood at sunset.   Sunsets in Folsom go great with a glass of wine don’t they..?

You know I was driving around town here a couple of days ago and shot some pictures of homes in various neighborhoods that have patios and courtyards in the front.  I have a link here to a page that has a slide show of some homes with “Court Yard” entry’s.    Some are just simple front porches and some are a lot more.

Click Here and let me know what you think…

If you have a minute, check out a couple of the links for some  Courtyard entry ideas.

http://www.the-landscape-design-site.com/gardenstyles/entryways.html

http://www.roomzaar.com/rate-my-space/Gardens/Courtyard-Entry/detail.esi?oid=506284

http://www.ehow.com/list_7636633_ideas-courtyard-design.html

In the Mean Time…?

Make it a Great Day…!

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

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Some Interesting New Listings That Have “Piqued” My Attention… might pique yours too

I’ve been out and about in the last few days looking at new inventory and reviewing some that have quickly sold and then have fallen out of escrow.    The list below are just a few that I’ve seen lately I wanted to pass on.  They are in various areas… all of which I think would be decent investments,  if purchased at the right price of course.

By clicking on the address of these properties you will open up a “pro-forma” cash flow analysis in PDF format.   I have some videos as well

Let’s start with a Short Sale first.

2325 Irma Way, Sacramento, Ca 95825 – Listed at $160,000 –  Nice area of duplexes – According to the listing agent they will consider a new roof credit at full price.   I have a flyer here with some pictures of the interior because I couldn’t get in to see the interiors.  It was a nice quiet morning that I was over there and I think you’ll be impressed with the neighborhood.   Here’s a video of the exterior.  I was there at about 11 or so Saturday, October 1st.

Below are some Bank Owned/REO types of deals. These are a bit rough.  I call them ”beaters” – but they are more commonly known as “fixer uppers” – .

7576-78 Cook Avenue, Citrus Heights, Ca – Listed at $127,900 – This one needs a bit of work.   The Cash Flow figures are based upon the price as if it were fixed up.  I’m guessing it needs something around $20,000 to really do it right.  But after you are done, you’ll have a real nice place and no problem leasing this up.   Click Here for the Video Walk Through.

7214-16 Grady Drive, Citrus Heights, Ca – Listed at $136,900 – As in the above situation, the cash flow figures are based upon the price as if it were fixed up.   I have told clients over the last couple of years that the average you’ll spend on one of these deals will be between $7,500 to $10,000 per side to get these in a really nice “rent ready’ condition.   Click Here for the Video Walk Through

If these properties interest you, drop me a note or call me at any time.

In the mean time…?

Make it a great day…!

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

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If you are looking for a “coupon clipper of a Real Estate Investment, this might be for you.

339 Montrose, Folsom, Ca – Listed at $267,000

I got an update from the MLS that this duplex had come back on the market after being in escrow for a bit.

So when I rushed out earlier today to take a peek for myself there was a couple from Alabama who are moving here walking around the property.   They have a son living here who told them about this place so I invited them for a peek with me.

Their names were Ken and Dewey(my middle name).   After viewing this proerty, they were excited.    To see for yourself, if you click on the link below you will get a video of the property.

VIDEO… VIDEO…VIDEO…

Ken mentioned to me that he and his wife would like to live on one side and rent the other.   He’s thinking he’d like to get a cash flow… basically have the other tenant pay his mortgage payment.

When I was speaking with him I wasn’t sure that was possible so I ran the numbers.   I have a “pro-forma” analysis showing what your payments would be for this duplex assuming a 3.5% down payment, an FHA loan and a sales price of $245,000.

Get the pro-forma cash flow analysis here.

Let me know what you think…

In the mean time…?

Make it a great day…!

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

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Is the economy really making a comeback…?

I’m sure you know there are many points of view on this topic.    Please take a minute and read what James Kim of Austin Real Estate has to say about it.   Click Here to get his perspective.  I think you’ll find it useful and informative because Austin, Texas is somewhat similar to the Sacramento Region… Both are state capitals and both have rivers running through them.

In in the Mean Time…?

Make it a Great Day…!

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

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