Realty World – Franklin Real Estate Group – Ed Favinger

If you are thinking of doing this… You’ve got company…

See the latest from the Sacramento Bee’s Real Estate reporter Jim Wasserman.

Home Front: Gain trumping pain of walking away from mortgage

Comments anyone…?

Make it a Great Day…

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

 Cash May Be King – But You Might Be Paying More

I’ve put together the latest Closed Sales Report for the month of January 2010.  As usual you’ll see there is a lot of cash floating around in the Sacramento County Duplex/Four-Plex Market.    But… if you look at the statistics below the average List Price/Sales Price Ratio shows that on Average, Cash Buyers have been paying more.

That’s kind of amazing…   isn’t it…?

Check it out.

I’ll have the entire closed sales list posted later today hopefully.

Make it a great day..

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

It seems they just don’t want to let the market recover…  That’s my opinion.

Click Here for the Update

One of the big changes that will come into effect soon will be the limit on the amount of Closing Costs  you can ask the Seller to pay.   That means if you are a low cash down buyer it will be harder for you to get in.

What they are worried about is the potential for the Seller to “inflate the price” to pick up those costs.

I don’t know how that can happen since the appraisal rules also require an appraiser to stipulate that even though the Seller is paying the closing costs, it has no effect on the value being paid.

Make it a great day.

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

Yea It’s Next to a Busy Street – But Fix It Up – Show it off to Thousands of Cars Everyday

I drove by this one located at 7107 Madison Avenue, Citrus Heights because I knew this was one of a few duplexes along this main artery that was located on the “frontage road”.    The frontage road itself does not have much traffic.  I was out there for about 10 minutes and only one car drove by and that was about 1PM today.

It also borders a Single Family Neighborhood.  The only bad thing….?   That’s right…!    It’s on a very busy and yes… it’s a pretty noisy street after the light turns green at the corner of San Juan and Madison.

The place needs to have someone trim the trees in front so you can see it.   That’s why the pictures on the flyer didn’t turn out well. 

I have Palm Videos of the exterior and each side.   You’ll get an idea of how loud it is and the contrast when you go inside.

Exterior and Left Side

Exterior and Right Side

Make it a great day…!!!!!