If you are thinking of doing this… You’ve got company… See the latest from the Sacramento Bee’s Real Estate reporter Jim Wasserman. Home Front: Gain trumping pain of walking away from mortgage Comments anyone…? Make it a Great Day… Ed Favinger, Broker CRS, GRI favinger@rwnetwork.com 916-203-1260
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January 2010 Duplex/Four-Plex – Closed Sales Report..!
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 […]
Nationwide Some Good News & Bad News & More Bad News… See Below
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 […]
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 […]
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 […]
Hey It’s Some Good News From The Sacramento Bee
Of Course Those of Us in the Business Already Know. Click here for the latest in today’s Sacramento Bee Make it a Great Day. Ed Favinger – favinger@rwnetwork.com – Mobile 916-203-1260
Plumbing Leak Follow Up – What We Did To Clean Up
A Follow Up to my post of December 6th ….. While I did give you a tip regarding shutting of water supply lines when you are going to be absent for a long period of time and you don’t have a “house sitter”, I didn’t tell you what we did to clean up the mess. […]
A Nice Duplex, A Great Area… But Darn it… it’s just so “Overpriced”
It’s Not a Short Sale.. but at $299,000 there’s no upside for today’s investor. I drove by this duplex located at 5849-5851 Nutchatch Court, Fair Oaks yesterday. While it’s on a nice Dead End Court and there are pride of ownership duplexes around it, they are just asking too much money for it. I’ve got a Proforma Cash […]
Bank Owned Duplex Back on the Market… I wonder why it fell through…
Who Knows Why it Fell Through… But it’s back up on the market and at a lower asking price too. This duplex was on the market for just a couple of days about a month ago when it went into a “pending sale” status. Well now… fast forward to today and wouldn’t you know it comes back […]