Aaron's Blog

Local Housing Update - November 2009

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Tue, 24 Nov 2009 18:56:13 -0600

November Housing Update - Folsom & El Dorado Hills

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Tue, 24 Nov 2009 18:41:51 -0600

3rd Annual - Folsom Turkey Trot

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Mon, 23 Nov 2009 11:16:35 -0600

If you are looking for a home in Folsom, take a break, get some exercise and lend a helping hand... Come on out on Thanksgiving morning, walk 5k or run 10k and help make a difference during the holidays. All donations and a portion of proceeds will benefit our local community including Twin Lakes Food Bank and the Never In Our Town Youth Scholarship. Last year over $23,000 was raised! There will also be a food and clothing drive, so look through your pantry and closets.

What:	5K Run/Walk & 10K Run
When:	Thanksgiving Morning November 26, 2009 10K at 8:50 am 5K at 9:05 am Rain or Shine!
Where:	Folsom Parkway Trails (Corner of Blue Ravine and N. Parkway Dr.)
Cost:	$20 early registration $25 after November 12, 2009 (Entry fee includes a t-shirt to the first 3,500 people to register. As of 11/19 there are 2,000 people registered)

Folsom, CA - Real Estate Market Update - November 2009

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Sat, 21 Nov 2009 11:15:50 -0600

The "New and Improved" Home Buyer Tax Credit has arrived: This time around, the gift from the government is broader, easier to qualify for and is extended to current/repeat home owners. If you are thinking of buying a home, and would like some free money, here is what you need to know: Current Home Owners - $6,500 Tax Credit: If you have owned and lived in a home for at least five consecutive years during any of the last eight years, you could qualify. Even if you sold your home 2 ½ years ago, as long as you were living in that home for five straight years, prior to the sale, you could qualify. You could have sold the home or rented it out, does not matter, as the use of the home after you moved out does not matter. First Time Home Buyers - $8,000 Tax Credit: If you have not owned a home during the past three years, by definition, you are a First Time Home Buyer. Buy a home and you may be eligible for the cash! Fine-print: You must buy a home, or have a binding contract in place by 4/30/2010, you must be over 18 years old, you cannot purchase from a relative and you must stay in the home for three years, or pay the money back. There are other details and income limits, so contact me if you would like to learn more. Speculation is, the breadth of this program will put a bottom in housing.

Home of the Month: I am selling 120 Winterstein Drive in Folsom. 1,472 square feet, 3 beds, 2 full baths, 3-car garage on almost .18 acre lot. This home is a short-sale and will be an amazing deal for the right buyer. Asking $264,000. Call me for details or an appt!

Regional Snapshot: The attempt at a housing recovery in the Sacramento Region continues to bounce along what my well be the bottom. The average home price rose for the 7th consecutive month, with that number having risen 10% since bottoming in March of 2009. Year-over-year (10/08-10/09), the total number of home sales dropped 18%, bank owned home sales dropped 53% and short sales rose by 66%. One of the biggest keys to our region's recovery is happening... More and more short sales are closing escrow!

Folsom: The impact of the original First Time Home Buyer Program's expiration was felt in October. Buyers rushed to get into homes, while sellers fretted about getting their homes sold before the November 30th expiration date of the original program. The good news: Folsom's 70 homes sales were the most we have seen since July of 2008, and year-over-year, home sales rose 10%. The bad news: Folsom's average sales price dropped to $378,000, its lowest level since 2004. Market Direction: Homes sales are up and inventories are tight, but the average dollar per square foot ($180) and the average sales price ($378k) have yet to stabilize.

Facing a Foreclosure in EDH? Consider your Options...

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Fri, 13 Nov 2009 09:12:19 -0600

Short Sale or Foreclosure: Which is the Better Option?

Losing your home to bank foreclosure, resulting from your inability to make your monthly mortgage payment(s) is one of life's most challenging experiences. Foreclosure is also an event that will impact your credit score for years to come. Foreclosures often result from the unexpected: a major accident, serious illness, death of co-owner, divorce, job loss, or more and more often as the result of a resetting interest only or adjustable rate mortgage. If you are facing any of the above it is better to understand your options and take action, rather than standing idly bye and waiting for the foreclosure to take place.

Foreclosure is the worst of your available options

As most people know, the result of a foreclosure is the bank will take your home. Depending upon the circumstances and the state you live in, the lender can also get a judgment against you for the cost of the foreclosure and the arrearages you owe. The foreclosure will ruin your credit score for many years to come, and make obtaining any other type of credit very difficult. If at all possible, you want to avoid going through a foreclosure.

When foreclosure seems inevitable, consider a Short Sale

Banks first choice is rarely to foreclose. Typically, it is their last option in an effort make the best they can out of a bad situation. For homeowners who have found themselves in dire straights financially, a popular option is to pursue a short sale. In a short sale, you sell your home for less money than what is owed on it. The biggest challenge is getting your bank/lender to agree to the short sale. On the one hand, they don't want to foreclose and take ownership of your home, but on the other, they aren't thrilled about forgiving the debt you owe and passing the loss to their share holders and other investors. If you are considering a short sale, your best course of action is to pursue it the moment you realize you are falling behind on your mortgage payments and you are not willing and/or able make any more payments. Currently in California, it takes a bank/lender a minimum of seven month to foreclose. If you move quickly on doing a short sale, the bank/lender will have a lot to lose if they don't work with you. If you wait until 5-6 months have past, after skipping your first payment, it is unlikely you will have success with a short sale.

The downside to a Short Sale

Although a short sale will prevent a foreclosure, it will still have a negative impact on your credit score, often times lowering it by hundreds of points. This stigma can eventually be overcome and may dissipate much quicker than a foreclosure. If possible, keep some credit cards open, use them regularly and responsibly and pay them off every month. The next area of concern is the "forgiveness of debt." In years past, even though you never saw a dime of it, the IRS and the state tax collectors would consider the difference between the mortgage balance and the home sale proceeds from the short sale to be taxable income. The Mortgage Forgiveness Debt Relief Act of 2007 put a moratorium on federal taxes on short sales through 2012, but laws change regularly, and it is always a good idea to consult your tax planner/advisor prior to pursuing a short sale.

After considering your options, do everything you can to avoid foreclosure

Going through a short sale won't be pleasant and will take some effort, but it will be a better alternative than a foreclosure. When you realize you are in trouble and don't know where to turn, don't slip into denial and hope the bank/lender will go away. Instead, consider whether you will qualify for a short sale and approach your bank/lender with an offer from an interested buyer before you are out of options.

Ready for a Short Sale? Don't attempt to do it alone

For a number of reasons, most attempted short sales are unsuccessful. The banks/lenders have specific paperwork and guidelines that must be understood and adhered to. Each bank/lender is different and there is no single or broad approach that works with each. The idea of losing your home to foreclosure is scary and a short sale can lessen the blow, but it must be done in and efficient and timely manner.

When selecting a real estate agent to assist you, you need one that has years and years of experience in the business and knows how to close real estate transactions. More and more frequently, these experienced agents have realized that the most efficient way to effectively list and close a short sale is to partner with a professional "short sale negotiating firm" that will be the go-between the Realtor and the Bank/Lender. In this process, the real estate agent focuses on their area of specialty: listing, marketing, negotiating and closing the sale, and the short sale negotiating firm: collecting documents from the seller, compiling the short sale package and calling/emailing the bank's asset manager on a daily basis until an agreement with the bank is reached. Remember, you aren't going to get a dime out of the short sale... Your job is to hire professional(s) who will get the short sale done while keeping what's left of your money in your pocket.

Hire an experienced Short Sale team!

If you live in the Sacramento Area and are considering a short sale, I encourage you to consider my services. I am a licensed Realtor / broker / agent and have been serving California since 1992. I am the founder and owner of Brokers Inc. Residential Real Estate and I have partnered with a couple of Short Sale Negotiating Firms that specialize in closing short sales. If you live in other areas of California and would like a referral to an experienced agent in your area, email me and I'll send you the names of a couple of reputable real estate agents to help you out. If you are located in the Sacramento Area, give me a call and I'll come meet with you today!

Facing a Foreclosure in Folsom? Consider a Short Sale...

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Fri, 13 Nov 2009 09:09:49 -0600

Short Sale or Foreclosure: Which is the Better Option?

Foreclosure is the worst of your available options

When foreclosure seems inevitable, consider a Short Sale

The downside to a Short Sale

After considering your options, do everything you can to avoid foreclosure

Ready for a Short Sale? Don't attempt to do it alone

Hire an experienced Short Sale team!

If you live in the Sacramento Area and are considering a short sale, I encourage you to consider my services. I am a licensed Realtor / broker / agent and have been serving California since 1992. I am the founder and owner of Brokers Inc. Residential Real Estateand I have partnered with a couple of Short Sale Negotiating Firms that specialize in closing short sales. If you live in other areas of California and would like a referral to an experienced agent in your area, email me and I'll send you the names of a couple of reputable real estate agents to help you out. If you are located in the Sacramento Area, give me a call and I'll come meet with you today!

Home Buyer Tax Credit Extended & Expanded

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Thu, 05 Nov 2009 19:03:39 -0600

More good news for consumers, and the housing market recovery! Following the Senate's favorable vote yesterday, the U.S. House of Representatives just voted 403 to 12 to extend the home buyer tax credit, expanding the parameters to include existing homeowners and not just first-time buyers. President Obama to sign the legislation in short order.

As it now stands, the federal tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to be eligible for a tax credit of up to $8,000, while existing homeowners will be eligible for a reduced credit of up to $6,500. To qualify for the $6,500 credit, existing homeowners must have lived in their current residences for at least five years. The bill also increases the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000 in both instances.

Under additional provisions included in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. The legislation maintains the provision that home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order.

Nationwide, more than 1.4 million first-time home buyers were given the opportunity to become homeowners as a result of the Federal Tax Credit for First-time Home Buyers. That number is expected to increase dramatically in the months ahead with this new legislation in place.

Home Buyer Tax Credit Extended & Expanded

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Thu, 05 Nov 2009 18:31:12 -0600

First Time Home Buyers in El Dorado Hills Act Quick!

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Fri, 23 Oct 2009 09:03:59 -0500

If you are a first-time home buyer, looking to purchase in El Dorado Hills, CA and get the $8,000 Federal Tax Credit currently being offered, time is running out! Barring an extension by Congress, you now have 40 days left to close escrow on your purchase or you will miss out on the tax credit which expires on 11/30/09. If you still want to a shot at the free money, move quickly! See my last blog posting on this topic:

ORIGINALLY POSTED in September: In an effort to off-set last year's fincial meltdown and the ensuing recession, the current administration created a tax credit of up to $8,000 for certain first-time home buyers in the $787 billion Economic Stimulus Package that was passed in February, 2009. Through this program, you are eligible to receive an $8,000 tax credit when you purchase a principal residence if you have an adjusted gross income of $75,000 or less (or $150,000 for married couples), you have not owned a home during the three years leading up to the purchase, and, you close escrow on your purchase prior to November 30, 2009.

Translation: Under the current First-Time Home Buyer Tax Credit program, if you would like the opportunity to get an $8,000 gift from the Federal Government, you have 71 days left to get pre-approved for a loan, find a home you would like to purchase, negotiate the contract, complete all the inspections and close escrow. The clock is ticking... Now is the time to take action!

Will Congress and our President allow this program to expire? Will it be extended? Will it be replaced by a different program? At this point, the answer is a resounding "Who knows?" If you want to move forward with any certainty, close escrow on your home purchase by November 30, 2009, meet the criteria outlined above, and you'll qualify for a juicy $8,000 gift from Uncle Sam.

-Aaron Cullen, Realtor, Broker, Owner Brokers Inc. Residential Real Estate

First Time Home Buyers in Folsom Act Quick!

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Fri, 23 Oct 2009 08:59:57 -0500

If you are a first-time home buyer, looking to purchase in Folsom and get the $8,000 Federal Tax Credit currently being offered, time is running out! Barring an extension by Congress, you now have 40 days left to close escrow on your purchase or you will miss out on the tax credit which expires on 11/30/09. If you still want to a shot at the free money, move quickly! See my last blog posting on this topic:

-Aaron Cullen, Realtor, Broker, Owner Brokers Inc. Residential Real Estate

Real Estate Market Update - October 2009 - Folsom & El Dorado Hills

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Thu, 08 Oct 2009 00:22:41 -0500

FHA Loan Volume is Soaring: In 2007, the number of government-backed FHA loans issued in the Sacramento Region was 649. In 2008, this number soared to 8,998 loans. In 2009, this number will increase again. With this in mind, I looked back at all of the transactions I have been involved in, in 2009, and found 67% of the buyers used FHA loans. FHA loans are primarily used by people who can't afford a big down payment, or have credit score issues. FHA buyers are only required to make a down payment equal to 3.50% of the purchase price, and can receive credits/gifts from the seller to assist with paying part or all of their closing costs. With the credit market shot, most conventional loans now require at least 10 percent down. FHA Loans are Making a Difference: In light of the housing down-turn, there are many existing home owners with growing families and/or incomes who would like to get a great deal while upsizing in this down market. Many of these would be buyers are well qualified with 2+ years of work history, excellent credit scores and great income. Their weakness? By the time they sell their existing home, and pay off their existing loan(s), there is little or no money left over for the down payment on their home purchase. This is where the FHA loan steps in, allowing these families the buy their dream home with total out of pocket costs as low as 3.50% of the purchase price. FHA loans can also be used for refinancing homes that have little equity in them. In Sacramento and El Dorado Counties, the maximum loan amount allowed with FHA loans is $580,000. If you want to know more about FHA loans, I don't originate them, but I'd be happy to answer your questions.

Deal of the Month: I am selling a home at 988 Patrick Circle in Folsom. 2,750 square feet, 4 beds, 3 full baths, 3-car garage on almost .20 acre lot. This meticulous home is in turn-key, move-in condition. Asking $450k (only $163 per square foot). Call me for details!

Regional Snapshot: The average home price in Sacramento County rose for the 6th consecutive month. The number of bank owned home sales fell for the 6th consecutive month to 715 units, their lowest level since March of 2008. The first time home buyer tax credit, FHA loans and low interest rates continue to be the right mix to keep the housing market going in the right direction.

Folsom: Folsom housing statistics continue to kick along what appears to be the bottom. The average home sales price rose to $395k while the average dollars per square foot held steady at $183. The biggest quirk in the market is that the total number of active short sales (112), when added to the number of active bank owned homes (25) added up to 53% of all homes for sale (258). This is the first time in this housing downturn that active distressed home listings has exceeded 50% of available homes. No doubt this continues to erroneously skew home buyer perception as to home values and is causing further angst for home sellers.

El Dorado Hills: Much like Folsom, September was a ho-hum month for EDH. The only statistics that stood out were the avg. home price got back above half-a-million to $509k and the avg. dollars per square foot got back up to $168 (highest level since Feb '09). The number of active Bank owned homes and short sales varied marginally and the banks still are not allowing short sales to close escrow.

El Dorado Hills, CA - Real Estate Market Update - October 2009

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Thu, 08 Oct 2009 00:05:56 -0500

El Dorado Hills: El Dorado Hills housing statistics continue to kick along what appears to be the bottom. The only statistics that stood out were the avg. home price got back above half-a-million to $509k and the avg. dollars per square foot got back up to $168 (highest level since Feb '09). The number of active Bank owned homes and short sales varied marginally and the banks still are not allowing short sales to close escrow.

Folsom, CA - Real Estate Market Update - October 2009

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Thu, 08 Oct 2009 00:00:54 -0500

Aaron Cullen - Brokers Inc. Residential Real Estate

Folsom Live 2009 - 12 Bands - 9/26/2009

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Sat, 26 Sep 2009 13:38:40 -0500

Folsom Live 2009 - 12 Bands, 10 Stages, 1 Night, 9/26/2009. If you are looking for a home in Folsom, take a break and unwind a little bit... Folsom Live 2009 is tonight! If you like live music and hanging out with a couple thousand of your newest friends, check it out: http://www.folsomlive.com/welcome.html .

A high-energy evening of non-stop music in historic Folsom takes place Saturday, September 29 as Folsom LIVE! with tributes to such rock legends as Johnny Cash, Lynyrd Skynyrd and KISS. Also appearing is classic rock icon Billy Richards' Coasters, in addition to last year's favorite, Fun, Fun, Fun, a fun-filled show featuring tributes to The Beach Boys, Monkees and Beatles. With more than 10 venues along the three-block stretch of historic Sutter Street, the event features bands with styles of music ranging from rock and roll to country.

The $8,000 First-Time Home Buyer Tax Credit Ends Soon

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Mon, 21 Sep 2009 11:57:39 -0500

In an effort to off-set last year's fincial meltdown and the ensuing recession, the current administration created a tax credit of up to $8,000 for certain first-time home buyers in the $787 billion Economic Stimulus Package that was passed in February, 2009. Through this program, you are eligible to receive an $8,000 tax credit when you purchase a principal residence if you have an adjusted gross income of $75,000 or less (or $150,000 for married couples), you have not owned a home during the three years leading up to the purchase, and, you close escrow on your purchase prior to November 30, 2009.

-Aaron Cullen, Realtor, Broker, Owner Brokers Inc. Residential Real Estate

The $8,000 First-Time Home Buyer Tax Credit Ends Soon

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Mon, 21 Sep 2009 11:50:09 -0500

-Aaron Cullen, Realtor, Broker, Owner Brokers Inc. Residential Real Estate

Folsom, CA - Real Estate Market Update - September 2009

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Thu, 17 Sep 2009 15:57:35 -0500

Keep an Eye on December 1st, 2009: The $8,000 tax credit currently available to First Time Home Buyers (defined as those who have not owned a home for the past three years) expires on December 1st, 2009. Because it usually takes around 45 days to close escrow on a house after a contract is signed, buyers have very little time left to act. As of Tuesday, Sept. 15, there are only 76 days left before the credit ends. There has been a recent push, to get Congress to either extend the program, or create a new program that would be available to all home buyers. The National Association of Realtors points out the current program brought 1.2 million new buyers into the market. The NAR's concern is, the recent buying frenzy will dry up once the tax credit expires. Analysts argue that without the incentive, the pressure on homebuyers to act quickly will vanish, and the nascent housing recovery could slump. As you will see below, August sales dropped off considerably in Folsom and El Dorado Hills.

Deal of the Month: I am selling a home at 120 Winterstein Drive in Folsom. 1,467 square feet, 3 beds, 2 baths, pool, 3-car garage. Needs some work, but a great starter home. Asking $268,998. OPEN HOUSE Sunday 9/20/09 from Noon to 4pm. Call me for details!

Regional Snapshot: The good news: The number of homes for sale in Sacramento County dropped again to 5,469 units. This is 29% below the peak in October of 2008. The number of bank owned home sales fell for the 5th consecutive month to 774 units, 49% below the peak in October of 2008. The average sales price rose for the 5th consecutive month. The bad news: For the first time in 2009, the number of home sales dropped in Sacramento County. From July to August, the sales fell by 12% from 1,854 units to 1,636 units. Hopefully this has to do with the seasonality of the housing market and the numbers will rebound in the coming months. Folsom and El Dorado Hills were not immune to the drop in sales with both experiencing a big drop in sales during August.

Folsom: It appears the local focus shifted from home buying to getting the kids back into school and to soccer practice during August. Although the average dollars per square foot of sold homes rebounded from $164 in July, back up to $185 in August, the number of sales dropped by 24% to 53 homes and the average sales price slipped to $386,000. Of the 53 home sales, 12 were bank owned and 8 were short sales, making 38% of total sales distressed homes.

El Dorado Hills, CA - Real Estate Market Update - September 2009

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Wed, 16 Sep 2009 19:02:44 -0500

El Dorado Hills: After having its best month in more than a year with 73 home sales in July, El Dorado Hills fell on hard times in August with sales falling 47% to only 39. Of the 39 sales, 10 were bank owned homes and 6 were short sales, making 41% of the sales distressed homes. The average dollars per square foot held steady at $161 while the average home sales price dropped to $492,000. Serrano continued to be "on sale" in all price points with high inventory, providing great deals for the El Dorado Hills home buyer.

Real Estate Market Update - September 2009 - Folsom & El Dorado Hills

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Wed, 16 Sep 2009 18:55:31 -0500

Folsom, CA Bank Owned Homes List + El Dorado Hills, CA Foreclosure Listings -- UPDATED DAILY!

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Wed, 09 Sep 2009 09:46:11 -0500

ARE YOU LOOKING to get a great deal on a BANK OWNED HOME, FORECLOSURE HOME, REO LISTING, BANK REPO?

Bookmark this blog posting to get instant access to current bank owned homes listings. These lists of bank repo homes are updated daily. Whether you are looking for foreclosure properties in Folsom or El Dorado Hills California ( CA ), by clicking the two links below, you will get instant access to these bank repos.

Buy a foreclosure home, a bank owned property, a bank repo, an REO property through Brokers Inc. and we will pay you up to $2,500* (through escrow) at the transaction closing. Just check out the Folsom CA bank owned homes listings or the El Dordado Hills foreclosure homes list by clicking the links above. The bank repos are plentiful and some of the best deals in town. Aaron Cullen has been assisting home buyers and sellers since 1992. If you would like bank repo information for other cities, please request them.

Areas included in these lists are: FOLSOM - Empire Ranch , The Parkway , Willow Creek Estates , Broadstone , Hillcrest , American River Canyon ( ARC ), Sierra Woods , Lexington Hills , Natoma Station , Briggs Ranch and more! EL DORADO HILLS - Serrano , Four Seasons , Oak Tree Village , Oakridge Village , Francisco Oaks , Waterford , The Summit , Promontory , Lakeridge Oaks , Stonebriar , Stonegate , Calithea , Fairchild Village , Park Village , Ridgeview , Govenors Village , Southpointe , and more!

*Visit our website for details: http://www.BrokersCorp.com

120 Winterstein, Folsom CA --- Exclusive Brokers Inc. Offering

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Sat, 29 Aug 2009 18:44:22 -0500

http://www.BrokersCorp.com | Brokers Inc. Residential Real Estate | 916.850.0484

120 Winterstein, Folsom, CA

NO LOCKBOX, shown by appointment only. Call Aaron Cullen - 916.860.0484 - http://www.BrokersCorp.com

3BR/2BA Single Family House

offered at $268,998

Year Built	1986
Sq Footage	1,472
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	Unspecified
Parking	3 Car garage
Lot Size	7,750 sqft
HOA/Maint	$0 per month

DESCRIPTION

Come see this amazing value! This home is a short-sale. It will take about a little longer to get this sale through, but it will be worth it. If you have the time, you may get a great deal! My short sales are professionally negoatiated and move as quickly as the bank's red-tape will allow.

The kitchen has been remodeled with high-end cabinetry and granite counters. There are hardwood floors and a swimming pool.

The house is still occupied by a tenant. DO NOT bother the tenant. Please contact Brokers Inc. to schedule a showing.

This home IS NOT listed for sale on the Multiple Listing Service. If you are interested in this home, it is being offered exclusively by Aaron Cullen and Brokers Incorporated. This means, if you would like to see this home, you will need to call Aaron Cullen directly. If you choose to make an offer on this home, you will need to do so directly through Aaron Cullen who will represent you as your buyer's agent. Brokers Inc. is not offering any compensation to a buyers agent outside of Brokers Inc. For additional info: http://www.BrokersCorp.com

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- Fireplace
- High/Vaulted ceiling	- Hardwood floor	- Tile floor
- Family room	- Living room	- Breakfast nook
- Stove/Oven	- Microwave	- Granite countertop
- Laundry area - inside	- Swimming pool

COMMUNITY FEATURES

- Garage parking

- Swimming pool(s)

OTHER SPECIAL FEATURES

- http://www.BrokersCorp.com

ADDITIONAL PHOTOS

Photo 1	Photo 1
Photo 2	Photo 3
Photo 1	Photo 2

Contact info:

http://www.BrokersCorp.com

Brokers Inc. Residential Real Estate

916.850.0484

For sale by agent/broker

Equal Opportunity Housing

Posted: Sep 2, 2009, 12:50pm PDT

See why home buyers love Folsom, CA!

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Sat, 29 Aug 2009 18:26:57 -0500

Thank you for considering Folsom , California - CA as the next place you will live. Folsom is beautiful, has affordable homes / real estate and is centrally located in Northern California between Lake Tahoe, the Wine Country, the Bay Area and Central and Northern CA. Outdoor enthusiasts, families, retirees and singles love Folsom as it has something for everyone. If you are a home buyer and you are considering Folsom, California, you have come to the right place to satisfy your real estate needs.

Why do home buyers decide to buy real estate in Folsom, CA? There are many reasons, but here are the things that appealed to me and my family the most:

Small town feeling - Coming from the Bay Area, I found Folsom to have a slower "pace" without having to sacrifice the "big town" amenities of shopping, restaurants, entertainment, outdoor activities, etc.
Great schools - Several nationally recognized schools within the city.
Lots of parks - Just about every home in every neighborhood is within walking distance of a local park.
Beautiful scenery - Rolling hills, oak trees, open spaces, Folsom Lake and miles of hiking, biking and walking trails.
Excellent Infrastructure - Folsom is a city, and offers an array of municipal services, including administration, police, fire, recreation, parks, and public works.
Family based community - My wife joined "Sierra Moms," a grass-roots organization, made up by the mothers of newborns, toddlers and preschoolers, which provides moms with play groups, advice/information exchange, social interaction and an abundance of other services/activities. Most of the moms my wife met live in Folsom or El Dorado Hills. This organization was invaluable to my wife's integrating into the community.
Cost of living- With Folsom's affordable home prices, you may be able to enjoy the luxury of one parent working and the other one raising your children... This was of major importance to my wife and I and a key reason why we relocated to Folsom from the Bay Area.

Why buy a home through Brokers Inc?

Brokers Inc. is owned by Aaron Cullen who is a Folsom resident and has 17+ years experience helping home buyers and home sellers. Aaron Cullen also has experience with transacting in bank owned homes / foreclosure properties / REO real estate.
Brokers Inc.'s "Helping Home Buyers Save Program" credits up to $2,500 to every home buyer that purchases a home through us. Just visit our website or call us to find out the details.
Brokers Inc. has relationships with local banks & lenders to insure your loan will get the attention it deserves. If you don't have a solid pre-approval and loan lined up, you may end up wasting your time. Brokers Inc. will help you get pre-approved so you can focus on buying the right home.
If you are interested in purchasing a bank owned home / foreclosure property / bank repo, Brokers Inc. has bank owned homes lists that are updated daily for you to look at.
If the above reasons above are not enough, then perhaps you should consider the fact that we take your best interests to heart and we want you to be happy throughout the home buying process. Happy home buyers tell their friends and it helps us build our business!

Folsom CA Real Estate areas served include: Empire Ranch , The Parkway , Willow Creek Estates , Broadstone , Hillcrest , American River Canyon ( ARC ), Sierra Woods , Willow Springs , American River Canyon , Altura Villas , Provance , Lexington Hills , Natoma Station , Briggs Ranch and more!

Foreclosure or Short Sale, Which is the Better Option?

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Wed, 26 Aug 2009 11:37:36 -0500

Facing a Foreclosure in El Dorado Hills, CA?

At the end of July in 2009, there were 352 homes for sale in El Dorado Hills. The breakdown: 204 "Non-Distressed" listings, 128 "Short Sale" listings and 20 "Bank Owned" listings. In the same month, there were 41 Non-Distressed sales, 9 Short Sales and 23 Bank Owned sales that closed escrow. What does this tell us? 20% of the Non-Distressed inventory sold, 7% of the Short Sale inventory sold and 115% of the Bank Owned inventory sold. Bottom line: If you get foreclosed on, the bank will unload your home quick and cheap. Foreclosure may be avoided with a short sale, but time is of the essence and there is no margin for error. If you hire an experienced short sale specialist, the odds of your success will increase exponentially!

Short Sale or Foreclosure: Which is the Better Option?

Foreclosure is the worst of your available options

When foreclosure seems inevitable, consider a Short Sale

The downside to a Short Sale

After considering your options, do everything you can to avoid foreclosure

Ready for a Short Sale? Don't attempt to do it alone

Hire an experienced Short Sale team!

Facing a Foreclosure in Folsom, CA? Consider a Short Sale

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Tue, 25 Aug 2009 22:29:16 -0500

Facing a Foreclosure in Folsom, CA?

At the end of July in 2009, there were 285 homes for sale in Folsom, CA. The breakdown: 171 "Non-Distressed" listings, 97 "Short Sale" listings and 17 "Bank Owned" listings. In the same month, there were 48 Non-Distressed sales, 5 Short Sales and 20 Bank Owned sales that closed escrow. What does this tell us? 28% of the Non-Distressed inventory sold, 5% of the Short Sale inventory sold and 117% of the Bank Owned inventory sold. Bottom line: If you get foreclosed on, the bank will unload your home quick and cheap. If you want to avoid foreclosure with a short sale, it can be done, but time is of the essence and there is no margin for error. If you hire an experienced short sale specialist, the odds of your success will increase exponentially!

Short Sale or Foreclosure: Which is the Better Option?

Foreclosure is the worst of your available options

When foreclosure seems inevitable, consider a Short Sale

The downside to a Short Sale

After considering your options, do everything you can to avoid foreclosure

Ready for a Short Sale? Don't attempt to do it alone

Hire an experienced Short Sale team!

If you live in the Sacramento Area and are considering a short sale, I encourage you to consider my services. I am a licensed Realtor / broker / agent and have been serving California since 1992. I am the founder and owner of Brokers Inc. Residential Real Estateand I have partnered with a couple of Short Sale Negotiating Firms that specialize in closing short sales. If you live in other areas of California and would like a referral to an experienced agent in your area, email me and I'll send you the names of a couple of reputable real estate agents to help you out. If you are located in the Sacramento Area, give me a call and I'll come meet with you today!

FIRST TIME Home Buyers in Folsom, CA - Brokers Inc. Real Estate - Your One Stop Shop When Buying Your First Home

Aaron Cullen : Folsom & El Dorado Hills Real Estate (Brokers Inc.) — Sat, 22 Aug 2009 15:29:40 -0500

If you are a home buyer and you are looking to purchase your 1st, maybe 2nd home and are considering real estate in Folsom, California, you have come to the right place. Housing could not be much more affordable these days, and interest rates are still low. Even if you have little money to put down, there is a financing solution available for you!

Why buy in a home in Folsom, CA? There are many reasons, but here are the items that appealed to me and my family most:

Great schools - Several nationally recognized schools within the city.
Lots of parks - Just about every home in every neighborhood is within walking distance of a local park.
Small town feeling - Coming from the Bay Area, I found Folsom to have a slower "pace" without having to sacrifice the "big town" amenities of shopping, restaurants, entertainment, outdoor activities, etc.
Beautiful scenery - Rolling hills, oak trees, open spaces, Folsom Lake and miles of hiking, biking and walking trails.
Excellent Infrastructure - Folsom is a city, and offers an array of municipal services, including administration, police, fire, recreation, parks, and public works.
Family based community - My wife joined "Sierra Moms," a grass-roots organization, made up by the mothers of newborns, toddlers and preschoolers, which provides moms with play groups, advice/information exchange, social interaction and an abundance of other services/activities. Most of the moms my wife met live in Folsom or El Dorado Hills. This organization was invaluable to my wife's integrating into the community.
Cost of living- With Folsom's affordable home prices, you may be able to enjoy the luxury of one parent working and the other one raising your children... This was of major importance to my wife and I and we were able to afford it here in Folsom.

Why buy a home through Brokers Inc?

Brokers Inc. is owned by Aaron Cullen who is a Folsom resident and has 16+ years experience helping home buyers and home sellers. Aaron Cullen also has experience with transacting in bank owned homes / foreclosure properties / REO real estate.
Brokers Inc. has relationships with local banks & lenders to insure your loan will get the attention it deserves. If you don't have a solid pre-approval and loan lined up, you may end up wasting your time. Brokers Inc. will help you get pre-approved so you can focus on buying the right home.
Brokers Inc. credits up to $2,500 to every home buyer that purchases a home through us. Just visit our website or call us to find out the details.
If you are interested in looking at and maybe purchasing a bank owned home / foreclosure property / bank repo, Brokers Inc. has a bank repo list that is updated daily for you to look at.
If the above reasons above are not enough, then perhaps you should consider the fact that we take your best interests to heart and we want you to be happy throughout the home buying process. Happy home buyers tell their friends and it helps us build our business.

Folsom areas served include: Empire Ranch , The Parkway , Willow Creek Estates , Broadstone , Hillcrest , American River Canyon ( ARC ), Sierra Woods , Lexington Hills , Natoma Station , Briggs Ranch and more!