Posts

We Need Jobs In The Sacramento Region – Looks Like More Could Be on The Way…?

Check out this report regarding large office space..!

When I’ve been approached by people curious about the Real Estate market in Folsom, El Dorado Hills and the rest of the Greater Sacramento Region and what they think the future is…. well,  the answer has always been…”depends on the job market”.

If you don’t have good paying jobs, you’re not going to have a flourishing market of homes, apartments and other types of Real Estate.   There’s a nice array of jobs along the “50 corridor” from El Dorado Hills, Folsom and Rancho Cordova… from Hi-tech start ups, Intel and the Rocket Ship factory over at Areojet.   We need more private sector jobs to keep the momentum growing.

While I know the market in Single Family homes and Apartments has been good of late, there’s some mixed news about Office space.   This does affect housing.

Take a look at this article I got from the Sacarmento Business Journal today.

Sacramento office market tight for big users

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

Cameron Park Investment Property Coming Back on the Market…?

Two Single Family Detached Homes on One Lot..

tamis cambridge

 

We have a buyer that is having difficulty qualifying for a loan and we’ve placed this one back up on the “Active Release” status.

Once we get another offer acceptable to the Seller, the current Buyer will have 24 hours to withdraw from the contract.

The best part about this deal is that the tenants are already in place and want to stay.

This property is in a great location and unique in that it is surrounded by Single Family Homes.   While it’s located near parks, schools and shopping, it’s also a short distance to the Highway 50 onramp to the El Dorado Hills, Folsom and Rancho Cordova work centers.

Take a peek here at the Cash Flow Figures and click here for more pictures.   If you know of anyone looking for an investment like this, please send them the link to this blog post.

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

Are You Looking For A Home or an Investment in El Dorado Hills..?

Stop right here… You Found the Perfect Site.

search 9-4-2013

 

If you have been tying to find a home in Serrano, Marina Woods, Highland Hills or any other village in El Dorado Hills all you have to do is….
CLICK HERE to speed up your search for all the available homes in all the neighborhoods.

 

 

In the Mean Time…?

Make it a Great Day…!

 

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

 

Related articles

Enhanced by Zemanta

Folsom Lake Views and City Lights Included for Free on this one…

Check Out This Home I Was Previewing for a Buyer.

I was up in El Dorado Hills looking at homes and thought I’d share this, because it does have the views… almost a 180 degree view.    It’s got a monster lot to go with it,  but you will need to have the landscaping finished to make it special.    According to the listing agent they have plans already drawn up.   I haven’t seen them, but half the fun on something like this deal is to design something yourself.

While they said they were going to put the MLS Lock Box on it today, when I was there around 12:30 or so, they didn’t have a key in it so I was not able to do a full preview.   That’s why you’re only going to get a video with just an exterior view for now.

But hey… for $850,000 we’re going to through in the Folsom Lake and Sacramento Valley lights for free…!!!

You can click here for more information about the house and then look at the video below.

In the mean time…?

Make it a Great Day…!

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

 

Related articles

Enhanced by Zemanta

There’s Just Not Much Inventory These Days…!

I don’t care if you are looking for a Single Family Home, a Duplex or even a Small to Medium sized Apartment Complex.

I think it’s called a “feeding frenzy“.    Because, if you ask just about any active Real Estate Broker or Agent in this area, they will all tell you the same thing.  There’s really no inventory to speak of.   And by the way… This is “old” news to those of us in the business.

The Sacramento Bee is finally getting the memo… They came out with a story about investors just a couple of days ago.  Check out their report.

I’m actively working with several investors that have been looking for properties all up and down the ranges.   From a Custom Home in El Dorado Hills to Duplexes in Rancho Cordova.

Click here for a quick story regarding the Custom Home with the multiple offers on 820 Katie Way, El Dorado Hills.

One more little “anecdotal” story from my own experiences.

Yesterday, a Duplex at 6938-38 Tarocco Way hits the market in Citrus Heights.   Click here for the “pro-forma” cash flow analysis. Incredibly as I predicted,  to a couple of my clients, this place didn’t last long.   The agent wouldn’t tell me what its “pending price” is, but he did say they had 6 offers on it.   Not bad for just “one day” on the market.

By the way… take note on the “pro-forma” that I had the offer price at $200,000 because based upon their income it pencils out pretty nice.    We’ll have to wait and see what the final “sales” price is.

In the Mean Time…?

Make it a Great Day..!

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


Enhanced by Zemanta

Another Bank Owned Property With Multiple Offers…!

VIEWS… VIEWS…  VIEWS…

I held this home located at 820 Katie Way, El Dorado Hills open on Sunday, April 1st.   And you know…  It turned out to be one of those crisp & cool early Spring days with some light swirly winds.    Visibility was incredible I think because of the rains the day and evening before.

In other words… The day had a lot of energy and the Buyers were “out kicking tires” so to speak.   I thought I’d just share a short video that I took from the upstairs Bonus Room Deck.  From this point you could see Folsom Lake and the Skyline of Sacramento.   The video is not HD but I think you’ll get an idea of how nice a day and the view was from this place.

[kml_flashembed movie=”http://www.youtube.com/v/_Kdkkq_FimE” width=”336″ height=”280″ wmode=”transparent” /]

By the way… so far there are about 5 or 6 offers on it.    I’ll keep you posted.


In the Mean Time…?

Make it a Great Day…!


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

Enhanced by Zemanta

Renting out a Home In El Dorado Hills… Who Pays Which Utilities..?

Here’s the question asked by a buyer on Trulia.com     “If I buy and rent out a home (with a pool) in EDH who pays which utitlies – espcially the water bill? Are there any laws regarding this?”

Who pays for utilities has become more of an issue these days in our Property Management business.   There was a question asked by a prospective investor in the El Dorado Hills market as to who pays them.

If you would like to see what the answers that I and other professionals gave this investor, CLICK HERE…!

Make it a great day…

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

Enhanced by Zemanta