Posts

Real Estate Sales Will Stay Steady And Maybe Increase Even If Rates Go Up Some…!

Mortgage rates increasing to the 4% range are still historically low, but…It’s not the point of this article.

Don’t you think by now that most of us active in the Real Estate Market in this region are aware that the economy here is on the upswing…?   If you are a Broker or an Agent, a Mortgage Loan officer, a home buyer or an investor active in the last couple of years this is old news to you.

Yes… I know interest rates helped to make it advantageous for many an investor,  especially if you had to finance a deal to get in.  I’m not going to panic over an increase in interest rates right now.

I’ve told just about everyone that I have ever worked for in a real estate deal, “the only reason prices haven’t gone up more is high unemployment”.

Here’s the latest headline from today’s Sacramento Bee Front Page.

Jobless rate plunges in Sacramento and California

Below here you’ll see some anecdotal evidence based on my experience to support my opinion.

English: The mall in Roseville, CA.

  • Traffic has gotten much more crowded on the local streets.   I see a lot of people at Restaurants, Entertainment venues and Shopping Malls.
  • Multiple Offers on a small supply of homes for sale – I know you have heard about that.
  • The Residential Rental Market is in great shape especially for well located and well maintained properties such as Folsom, El Dorado Hills, Roseville, Granite Bay, Fair Oaks, Gold River.   After only a week on the market, we recently leased a home in Empire Ranch for $2,850 with the new tenant paying the water, sewer and garbage.
  • Phone Book/Internet Searches – We are now getting calls from prospective tenants looking to move into a rental having difficulty finding a decent place.  They found us under Property Management listings hoping we had something they hadn’t seen elsewhere or maybe we had something “coming up”.
  • More “traditional” real estate transactions that are not Bank Owned/REO or Short Sales.
So… if you are thinking things are going to change anytime soon,  would you agree with me that it’s not going to be bad ?

Make It a Great Day…!

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

Want Some Sales Stats in Folsom…?

Here they are for April 2013.   Come back in a Day or Two and we’ll compare them with May 2013

If you haven’t noticed homes are selling pretty briskly so we put together some stats.

CLICK HERE FOR THE INFORMATION

In the mean time…?

Make it a Great Day…!

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

Related articles

Enhanced by Zemanta

Are You Curious About The Value of Your Home or Rental…? Are You Searching For a Home..?

You’ve come to the right place.

If this is your 1st time here, welcome and I hope you come back again.

Please take a look to the right of this article and you’ll see two menu options.

_________________________________

MARKET SNAP SHOT – To find out the value of your home and what other homes are selling for, go there, fill out some basic info about your home, hit the button and you’ll get a report right away.   The system will then update you in about 3 weeks or so.  You’ll be up to date and have of an idea of what is selling in your area.

HOMES FOR SALE – Just below Market Snap Shot, you’ll see the Home Search function. You can search for a home in just about any City in the State of California.

Give them both a try and let me know what you think.   If you are thinking of Selling or Buying and would like some information, drop me an email or call me at anytime.

 

In the mean time…?

Make it a Great Day…!

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

Enhanced by Zemanta

Remember The Freedoms We Enjoy Were Not Free…!

Memorial Day 2013 – Never Forget Those That Gave Their All So We Can Live Free.

 

 

In the Mean Time….

Make it a Great Day…!

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

 

Enhanced by Zemanta

Looking for a home in Folsom…?

Start your search here..!

If you are looking for a Home or Real Estate Investment in Folsom or El Dorado Hills…?   We’ve got them all here.   You will be able to find for example homes in Empire Ranch, Briggs Ranch, Lexington Hills, Broadstone or Hillcrest homes on this page.

Check it out and do your own searches… and… no you don’t have to sign in or give me any information…   but I’d like your feedback if you have the time…

 CLICK HERE TO START YOUR SEARCH

 In the Mean Time…?

Make it a great day…

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

 

Enhanced by Zemanta

Flips… Are They For You…?

I’ve got some “before” and “after” videos for you.   This one was an easy.

Earlier this year I was previewing homes for some Buyers I was working with and came across this property located at 106 Haskins Court here in Folsom.   It was a Bank Owned Home and was listed at the time for $305,000

Of course they had multiple offers on it..!    I know because I represented a “Cash” Buyer with an offer of $320,000 but we didn’t get it.   No,  It sold for $324,000 to another “cash buyer” and closed escrow on March 1, 2013.

The new buyers have since re-listed the property at $399,900 on April 18th and about 2 weeks later it went to a Pending Sale status on May 1st.

Since it was vacant still I went over there and did a follow up walk through video because I was curious myself to see what they had done to get it back in shape.

I have two videos for you… A “before” and an “after”.

Here’s what it looked like when the current owner purchased it – “Before Video”

Here’s the “After” the fix up video.

I’ve been involved in a few “fix ups” the last couple of years and with the exception of a new roof,  there really wasn’t much to do except a clean up in and out, new paint, new carpet and that was just about it from what I saw.

Let me know what you think.

In the mean time…?

Make it a Great Day…!

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

Enhanced by Zemanta

Another Great Day in Folsom, California

If you are thinking of moving to the area… Here’s some pictures to show you what a day is like here.

I was out and about today and thought I’d share some pictures of just some parts of the town that I have called home for 24 years now.

You’ll get to see some of the parks, some homes, Folsom Lake, the nature trails and preserve, The Historic District and the Paladio.

In the Mean Time..?

Make it a Great Day…

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

Enhanced by Zemanta

Affordable Housing in Folsom… Another Law Suit…

And you wonder why prices of homes in California are so high…?

I thought I’d share this story from the Sacramento Bee today regarding a recent “settlement” with Legal Services of California.

Now while I’m not a big advocate of government forcing developers to set aside land for “low income” residents the reason I posted this article is to show you what the average rent for an apartment here in town is.

 

You’ll have to read the short story… that information is near the end of the reporters story.   You might also want to check out the comments section as well…. The article is below.

 

Folsom, affordable housing advocates settle long-running feud

 

In the mean time…?

Make it a great day..!

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

Enhanced by Zemanta

More Old News From the Sacramento Bee – When It Comes to Real Estate

I’ve Been Telling Folks For Years That They Had Stopped Building New Homes Here.

I can case you haven’t yet seen this article from the Sacramento Bee,  I’ve got the link for you below.

However… I have to add that the only reason prices haven’t climbed higher is the still high unemployment in this area.    When that gets better, you’ll see prices and demand really go up and new homes coming on the market.

Sacramento area home builders struggle with rising demand, lack of ready lots

 

Now… In the mean time…?

Make it a Great Day…!

 

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

Enhanced by Zemanta

This Real Estate Market Needs Sellers…

Short Inventory Will Cause You To Bump Into The Same Folks Looking At The Stuff You Are.

This was the case for us on Sunday, April 7th.

We are marketing a Duplex at 7243-45 Castilian Court, Citrus Heights and had scheduled an “open house” tour for a couple of hours starting about 12:00 PM.     

I met a Buyer that had written an offer on this duplex at the property and then decided to look at other similar properties open that day.   At a couple of places we ran into the some folks we’d seen earlier.

Later that day I was showing property to a lady looking for a single family home in Roseville.   At every home except for one, there were folks either coming out as we were going in or coming in as we were going out.   On more than one occasion we ran into familiar faces that we had bumped into earlier in the day.

Just another day in Real Estate in a short inventory environment.

If you know of someone thinking of Selling a their home, selling a rental property or apartment complex, we’d like to know.

 

In the Mean Time…?

Make it a Great Day…!

 

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

 

Related articles

Enhanced by Zemanta