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 […]
New FHA Rules – Read em and weep…!
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 […]
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 […]
The Reaction of a Cynical Homeowner in need of a Modification
Participate in a Short Sale and We’ll give you some $$$ back was the message to a Home Owner… So What Happened…? I approached this particular Owner in my capacity as a “Home Retention Consultant” under a contract with Titanium Solutions Inc. Titanium Solutions, if you didn’t know, has been retained by several Lenders to help keep people […]
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
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 […]
Loan Modifications – Are the Banks Really doing them…?
I got a chuckle out of this article in Sunday’s Sacramento Bee…. Because…..? Again when it comes to real estate news, all you have to do is speak with any Real Estate Professional that is “active” in the business and you will most likely feel that you’ve heard these stories before. For the last 18 months […]