Realty World – Your Property Source

Our loan processor is not responding.   The initial escrow date they gave us was 3 weeks.   We could not get hold of the loan processor.    Is there any thing we can do to extend out escrow date …?  How does it work please let me know…

Is is “panic” time…?    I don’t think so.   This was a question asked by a first time home buyer on Trulia.com

Take a look at what I and other professionals had to say about this kind of situation by CLICKING HERE.

Make it a Great Day….

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

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Tenant Tries to Blame the Owner for a Bad Shower Enclosure that She Broke.

We manage a Duplex which had a pretty nice shower enclosure broken by a tenant that now needs to be replaced.  She claimed her daughter just leaned on it and it then fell and broke in pieces.    She further told one of the ladies in our office that it was “already taped up” and defective when she moved in and did not feel responsible for it’s replacement.

Click the video below and pay particular attention to the Shower Enclosure.

I don’t think this is “normal were and tear” do you..? I mean just because you don’t own this property doesn’t mean you don’t have some responsibility to exercise reasonable care of it.

Now you know and I know the Landlord/Tenant laws seem to always defer in favor of the tenant.    Therefore this is the reason you see Landlords and Property Managers forming “trade groups” like the Regional Housing Association of Sacramento and the California Apartment Association to become “more professional” in dealing with tenants.

If this tenant doesn’t pay for the cost of this shower enclosure,  we will deduct the cost of replacement  out of her “security deposit” when she moves.      Now the question is…  if she decides to takes us to small claims court will the Judge rule in our favor…?  I don’t know because you never know what a Judge will do… but I think my chances are much better because I have this “move in video”  with her in it.

What do you think…?

Make it a Great Day…

Ed Favinger, Broker, CRS, GRI, SFR,         favinger2rwnetwork.com    916-203-1260

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We’ve have had some unusual but great weather this year with an above average amount of rain.    And, now that Fall has arrived, we’ve had some perfect weather that brings out the colors of the season.

I gotta tell you, when I moved to Folsom back in 1989, I don’t remember seeing this much color because just about all of  the neighborhoods were new.   Because the neighborhoods were new homes,  the trees were  small and had not matured like they have now.

So now that I’ve been here for over 22 years, it’s not just me that’s that aged and matured.    As you will see in this slide show of the area,  we now have a suburban area with an abundance of mature trees that give our town even more character and makes us unique in my opinion.

I took these pictures over the last couple of days.

Click here for a slide show taken at various areas around town.

Make it a Great Day…!!

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

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Live Near Million $$$ Homes – Payments Cheaper Than Rent

I was out and about looking at property and have seen this one a couple of times on the MLS.   Click Here for the basic information if you’d like to see it.

This property is nestled in a pretty nice area with Oak Trees everywhere.   If you looked at the map on the link above maybe you noticed how close to the American River Parkway this property is near.  You owe it to yourself to drive by this property and the neighborhood.

This Duplex would be a great “owner occupied” candidate if you wanted a Single Family neighborhood feel.

I GOT VIDEO…!   I GOT VIDEO…!

Click On Here and join me on my walk around the property.

Click on this link to see the immediate neighborhood around this property

Cash Flow…?   You Want Cash Flow…? Or would you like to live in one unit and rent the other?   This is one property that could go either way.   You have to buy it for the right price though.  Although it’s listed at $319,900, it’s not going to sell for that in my opinion.   I think it should sell for something near or at $250,000.   If you look at the comparable sales data, there hasn’t been one sell for much over that,  if any.

Click Here for the comparable sales to prove my point.

Click the link below this paragraph for my projections – which includes costs to fix up calculated in.   I’ve got figures if you are a “Non-Owner Occupied Cash Flow Investor”  or you’re maybe a 1st time buyer and want to live in one side and “rent the other”.

Go Here To Get the Projections

If you’ve seen the projections and are curious about what you can get for rent in this neighborhood, go to this website that will give you the data.   It only asks you for the address and bedrooms nothing more, but it does show the location of the comparable rentals in nearby neighborhoods.

Let me know what you think.

In The Mean Time…?

MAKE IT A GREAT DAY…!!!

Ed Favinger, Broker, CRS, GRI, SFR         favinger@rwnetwork.com       916-203-126-

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