If you don’t get Yahoo News I thought I’d pass on a couple of articles Home sales rose in ’09 as prices plunged 12 pct. – Yahoo! Finance December home sales down nearly 17 percent – Yahoo! Finance My conclusion is that this market could be much better if the powers that be would just […]
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What… Another Renter’s Market Story…? Old News…
Sacramento Bee’s Recent Update Here If you own a rental or are in the Property Management business, this is really old news. Take a look, they aren’t long reads. I’ll have more comment later. Home Front: Asking rents in Sacramento region retreat to 2004 levels – Sacramento Business, Housing Market News | Sacramento Bee Home […]
Technology and Today’s Property Manager
It’s Amazing How Much We’ve Evolved isn’t it…? Because every day it seems I’m checking out the Fry’s and Best Buy ads in the paper. I’m amazed at the prices for digital cameras and video “camcorders”. I can’t believe how little they cost anymore. I purchased my first Sony Digital Camera back in 2000 for […]
Long Term Tenant Can’t Pay the Rent – Tales From The Front.
So you’ve got a Long Term Tenant that wants to “work a deal” with you… ? Should you be flexible in these “hard times”… I know times are difficult now, but you as the landlord are not part of the Welfare System, so please don’t feel guilty that you are owed the rent. If […]
Sorry.. You Don’t Qualify for a Loan Mr. Phillips.
What do you mean I don’t qualify for a loan… Are you crazy…? I make over $100k a year, have an 800+/- FICO, AND… Several Million in the Bank! That’s just exactly what Mr. Phillips was told by Wells Fargo Bank recently. He’s in contract with us to purchase a duplex in the area and […]
Bank Owned Duplex in Rancho Poised for Mulitple Offers
On the market for just a day or so…I walked inside and saw an Agent writing up an offer. Click here to view what I saw and let me know what you think. Make it a great day Ed Favinger, Broker CRS, GRI favinger@rwnetwork.com 916-203-1260
Have You Heard..? It’s a Renter’s Market Out There
Rental Market Update – Is it picking up or not ? Phone Traffic is the Clue ! As a whole our phone traffic has been a little better this week. Prospective tenants have been searching new places to move to and we’ve noticed they ask a lot more questions regarding amenities and rental terms such […]
Cash Is King in Sacramento Region’s Duplex – Four Plex Market..!
Fourth Quarter Stats show just over 50% are All Cash Offers. I think one of the reasons you are seeing more cash deals is because of the tight restrictions on “investor” financing that I will have more to say about later. If you have been looking for an investment property and haven’t been able to […]
Cash Rules in the Bank Owned Duplex/Four-Plex Market
Multiple Offers In a Recession.? You Kidding…? Read On…. You’ve heard though the Main Stream Media that we are in a recession “nationally” and if you didn’t know, the most recent report regarding unemployment in the Sacramento Region pegs us at 12.3% Most of us in the real estate business know that there is a […]
Getting Out Bid for the Duplex you want…?
I know what you thnk… “What’s the deal here…?” According to my partner Carl Cooley, Broker, we’ve had about 4 months of increasing prices. You know… I don’t know what to tell you except the following and you come to your own conclusion. Last weekend I wrote.. I think 8 offers… Only one of that […]