Realty World – Franklin Real Estate Group – Ed Favinger

Along with Pricing it sure does – Check out these Before and After Pictures

Let’s Talk abouit Price first.

We listed a home in San Jose at 5893 Moraga Avenue originally at $525,000 and after a couple of weeks of no action and just a few showings we did an updated market analysis and decided to lower the price to $464,950.  We had an accepted offer within about a week or so after bringing the price down.

How Does Staging Help You Sell a Home..?

In addition to “pricing” your home for today’s market,  Staging your home will mak a big difference in marketing your home like it did for this owner.

Here’s some “Before” Pictures.   Click on the pictures and you will get the “After” shot

Here’s the Before look of the Living Room.   Click on the Picture to see how it looks After…

Before Pictures of the Breakfast Nook/Dining Bar.   Click on this Before Picture and to  get the “after” shot.

Here’s the Before Picture of the Hall Bath… Click on this picture and see what Staging does for it.

What if you don’t have the time or the skills to do Home Staging…?

If you don’t have the skills, patience or the time to stage your home for sale, you can always hire a professional.   Most of these staging companies have various pricing options and many of them will even put together a slide show of their finished project for you.   Click here for the link to the staging company that the work on this home.

MAKE IT A GREAT DAY…!!!

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

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With Lower Mortgage Rates, it’s almost a “no brain-er”

I was out and about looking at property the other day and spotted what I think are a couple of unique duplexes.   One of them is in a little higher end area of primarily single family homes on a private drive and the other is in more of what I call a “bread and butter” neighborhood.

The one thing they have in common is that they both are situated on “corner lots“.

7720-7722 Sunset Avenue in Fair Oaks is the 1st one.   This one sports 3 bedrooms 2.5 baths on each side with 2 car garages.   Priced at $281,000 this one will pencil out nicely and doesn’t need much to get it in a “rent ready” condition.   This one just came on the market last week.

Click here for the Cash Flow Figures.     For a video walk through, click here

7444 Robmar Court in Citrus Heights is the 2nd one and is in more of a “rental” neighborhood.  While the neighborhood does have some single family homes nearby,  you do think “rental neighborhood” when you drive through the area to get to this property.

As you will see in the video it’s not in really bad condition and it wouldn’t take much to get this one to shine.  Pay attention in the video to the “mistletoe” that has taken over the large tree in the front.  I think trees are a valuable asset and if you find a tree in this condition, get rid of the mistletoe and you’ll save the tree.

Click here for the Cash Flow Figures.    For the video walk through, click here.

If you haven’t gotten the memo, Mortgage Interest rates are in the high 4% to low 5% for 1-4 Unit  Investment Properties.

With rates this low I guess the phrase “no brain-er” comes to mind.

Make it a great day…!!!

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

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Here’s a tip – Go for the deals that have just fallen out of escrow…!

Most of the Pending Sales that “fall out of escrow” are not because the Buyer failed to qualify.  It’s because there was something wrong with the property and the Buyer decided to walk away after going through a thorough inspection process.

In most cases the Buyers that walked away decided the “fix up” costs were going to be much higher than their initial first impression.

In my opinion when you see a home that has fallen out of escrow more than once, that’s a good sign that there is a possibility of a deal there.

Check out the detail on some properties I profiled a while back.

If you are a regular visitor you might have seen these on the “Ed’s Hot Picks” page.

Originally Listed at $177,550, it has been in and out of escrow a couple of times now.  While it’s currently listed at $169,900,   I don’t think it was ever worth more than $160,000.  I’ve got links to the “proforma” cash flow figures and Flip Cam Videos below here.

1000 Bell Street, Sacramento, Ca – 2bd/1ba ea side -

Click here for a Video of the Right Side Click Here for a Video of the Left side

_____________________________________________________________

Here’s one that was posted on Ed’s Hot Picks back last November – I have “before and after” videos, because it’s back on the market now for $194,000.   This is a “flip”.  It closed escrow at $130,000 on 11-24-09, which was my suggested “offer price”.

Click here for the original “Proforma Cash flow Figures for 10904 – 10906 Gadsten Way, Rancho Cordova, 95670, 2 bd/1ba ea side.  One kitchen had been updated.

Click here for a “before” video of the left side –  Click here for a “before”  video of the right side.

I think they kind of “over improved” this one.   I would have spent more in the landscaping front and rear and done a little less in the interior.   However… even though they did a pretty nice job in the “fix up”, it has fallen out of escrow after getting an offer pretty quickly.

My Suggested Offer Price on this Duplex would be $180,000.   I don’t know if they would take it, but this is about what it’s worth.

Click Here for an “after” Video of the Left Side -    Click Here for an “after” Video of the Right Side

Let me what you think…!

In the mean time…?

Make it a Great Day..!

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

You Want the Cash Flow Numbers…?  I Got The Numbers –  Check Them Out…!

First the Short Sale Duplex

I was out and about and came across the Duplex located at 7535 Saint Philomena Way, Citrus Heights.

This thing has been priced so low that it will draw several multiple offers and I’m sure it will go into escrow for at least $180,000.   Now I wasn’t able to get into the units because they are occupied..  At least one is, because when I was there taking pictures a resident was leaving one side.

I”ve based the Cash Flow estimates at a price of $180,000.   Click here for a PDF File for more information.

Click here for a Video that I took that will show the neighborhood better than the Street View link I posted above.  The Street View was taken during Winter months and doesn’t show as well as the Video I took.

Now below is the information for the Bank Owned Duplex

It’s located a few doors away at 7543-45 Saint Philomena.  The “street view” will start you on the way out to Fair Oaks Blvd.,  so when you get on it, go to the left and around the corner to see the property.   By the way… 0ne side is occupied and the other is just about “rent ready”.     For the Pro-forma Cash Flow Figures Click Here.

If you don’t like these…?

I”ve got others that might pique your interest.   Go to “Ed’s Free List” page for more.

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