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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I wrote about this almost a year ago.

I’m seeing more and more of these Bank Owned/REO properties and the Short Sales that still have existing Tenants in them.  If you think you might want to keep them, here’s what you do.

I’ve  updated the article.   Click Here for What to do…

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR          favinger@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

Yea…. Can You Believe That…?

Here’s the description

This is a 3 Bedroom, 2 Bath with a 2 car garage,  fireplace, Central Heat & Air, updated Bathrooms, a Patio and a Covered Deck in the Backyard.

It’s in a great area and would be the perfect First Time Buyer investment because the payments are lower than what you would pay in rent for the same thing.

There’s Always a catch though,  so here it is…

It’s a duplex which means you will have a common wall with a neighbor on one side.  Yea, I know…  Most First Time Buyers want a “detached”  Single Family House for your first home.

Here’s My Opinion for you to think about as to why you should consider a Duplex.

#1. Remember your neighbor will be paying for a big chunk of the payment on your new home if you bought it.

#2. This would be an Investment as well as Home and there are some real tax benefits to consider.  I won’t go into them here, but your accountant or tax preparer can give you lots of information about this.

#3.  You don’t have to live there forever…!  When you look at that “pro-forma” cash flow sheet below that I have prepared,  you will see that your down payment isn’t all that much more than if you were to rent it.   Why not live there a year or so and then rent the side you moved into.   During that time you would have fixed it up some and it would be a great rental to build a “nest egg” or a real estate portfolio.   How much money would you save each month…?

Click here for a PDF file that will give you an idea of what I am talking about.  Click Here for a Video of the Right Side and then I think you’ll see what a nice home this could turn out to be.

Anyway… If you are a First Time Buyer, give this some thought.   There are several duplexes out there that are in Single Family neighborhoods.
Make it a Great Day…!

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

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