Good News in The Hunt for a Home. Hey.. Looking for some good news…? Well here’s some. Take a look… I ran across this article regarding New Homes Sales in the region that was in the Sacramento Business Journal. Bargain prices lure homebuyers in February – Sacramento Business Journal:. Make it a great day. Ed […]
Got Rough Credit, You Want to Rent, But No One Will Rent to You…?
Check out the Notes Below From a Property Manager & Landlord. Let’s start with some credentials I’ve been a landlord a long time now. This includes running properties that I have an ownership interest in and the Property Manager for other folks that either don’t have the time or inclination to deal with the day to day operations […]
REO’s and Their Title/Escrow Rip offs…
This has been a pet peeve of mine for a while – it’s about time we get more righteous Consumer compaints. Many of us in the Real Estate Business have been involved in a Bank Owned Property Sale in which the Asset Manager for the bank/investor stipulate in their “contract addendums” the requirement that a […]
Sacramento Duplex Sales – Interesting Stats + I Have a Deal For You…!
Short Sales Slow Down Closings – Cash Is Still King I am noticing that the number of Duplex/Four-Plex investment properties that are now Active for sale or “Active Short Sale” is almost equal to the number of properties that show a status of Active Short Sale – Contingent (which means there’s a contract waiting for bank approval) […]
Fixer Upper Bank Owned Duplex – Check Out The Video
Somebody was mad when they moved out of this one. Because it looked like the Tazmanian Devil had been in one side. I stopped by to see this duplex yesterday and made a video of both sides. This is a hot deal because when I arrived and got out of my car an investor was already walking about […]
Thinking of Walking Away From Your Mortgage ‘Cause Your Upside Down..?
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
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 […]
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 […]