buyers market: Mortgage Rates are at Record lows This Month - 09/22/11 11:29 PM
Here’s a recent article from the LA Times talking about the new record lows for interest rates this month.  I recently had a client lock into a 3.75% interest rate on a 30-year fixed mortgage.  They are quite happy to say the least.  It’s almost shocking to see how low rates are right now.  I can guarantee one day we will be looking back on this economy and just be amazed by how low rates got.  Who remembers when rates were at 15%??

Mortgage rates hit record lows in Freddie Mac survey
 
Mortgage rates have plunged to all-time lows … (4 comments)

buyers market: Sacramento County Real Estate Video Update September - October 2011 - 09/19/11 11:07 PM
Doug Reynolds, a Sacramento Realtor, provides an analysis of the local market statistics from August. This month discussing how Sacramento area sales went up a bit in August. Inventory is still on the low side at the time. Roughly 1/3 of all sales being bank owned/foreclosures, short sales and regular/equity sales. Discussing short sales and his short sale website www.BHGshortsales.com . Also talking about the amazing low interest rates. More information can be found at his website, www.BuyWithDoug.com, as well as his blog and Facebook page (Doug Reynolds Real Estate). Become a fan of his YouTube page and Facebook pages.
… (0 comments)

buyers market: August 2011 Housing Statistics - Sacramento County - 09/12/11 06:42 PM

Sales volume increases late in summer, sales price ticks down a notch
This August, sales increased 8.4% from 1,579 units sold in July to the current 1,711 units sold this month. Year-to-year, closed escrows were up 14.4% from the 1,496 units sold last August. 2011 SAR President Doug Covill commented “The numbers show it – sales are up. People are coming out and taking advantage of the low prices and historically low interest rates.” Making up the closed escrows this month were 642 REOs (37.5%), 411 short sales (24%) and 658 conventional sales (38.5%). These numbers have stayed relatively level … (2 comments)

buyers market: Elmhurst and Tahoe Park Sales Data - August 2011 (Sacramento, Ca) - 09/08/11 01:19 PM
There were 7 homes sold in Elmhurst and Tahoe Park in August of 2011.  That is a slight increase from the 5 homes sold in the area in the month of July.  Here are the addresses and specific information.

 
Currently there are: 8 active listings, 6 active short sales, 6 contingent short sales, and 12 pending sales.
If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or … (0 comments)

buyers market: College Greens / Glenbrook Sales in August 2011 (Sacramento, Ca 95826) - 09/07/11 12:34 PM
There were 21 homes sold in College Greens / Glenbrook for the month of August, 2011.  That is an increase from the 16 sold in July.  Here are the addresses and specific information.

 
Currently there are: 40 active listings, 8 active short sales, 17 contingent short sales, and 16 pending sales.
If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  … (0 comments)

buyers market: Rosemont Sales in August 2011 (Sacramento, Ca) - 09/07/11 12:21 PM
There were 28 homes sold in Rosemont in the month of August, 2011.  That is up from the 20 that sold in July.  Here are the addresses and specific information.

 
Currently there are: 18 Active listings, 21 Active short sale listings, 35 Contingent Short Sales  and 42 Pending Sales
If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back … (1 comments)

buyers market: Buying a Flipped House in Sacramento - 09/05/11 01:52 PM
Doug Reynolds, Sacramento Real Estate agent, discusses the important issues to consider when buying a flipped property. Most importantly, review the property History, quality home inspection, home warranty. More information can be found at his website, www.BuyWithDoug.com, as well as his blog and Facebook page (Doug Reynolds Real Estate) … (0 comments)

buyers market: Dangerous to some, Profit potential to others... - 08/31/11 01:37 PM

Seen any of these signs around the Sacramento Area???  This property is in College Greens.  The house will more than likely be sold to an investor who fixes up the property and then re-sells is for a profit (Flips the house).  I'm going to be posting a video about the pros and cons of buying a flipped house and what to look for when you are buyer of a flipped home.  Check out my YouTube channel , the video should be up in the next few days.
clear skies,
Doug Reynolds
www.BuyWithDoug.com
www.BHGshortsales.com
… (0 comments)

buyers market: Forget the Stock Market. Buy a House - 08/26/11 02:18 PM
Here's a recent article from SmartMoney.com talking about how some investors are turning to real estate rather than the stock market to put their money.  I'm sure seeing a lot of cash deals this year so it appears the trend has already caught on in the Sacramento Real Estate Market.  For almost two years now, in Sacramento, most well priced homes for under 200k have multiple offers on them within the first week.  Right now there is an undersupply of homes in the first time home buyer / investor price range, $200k and below.
clear skies,
Doug Reynolds
www.BHGshortsales.com
www.BuyWithDoug.com
 
… (0 comments)

buyers market: Free Credit Repair Workshop in Elk Grove - 08/25/11 03:01 PM
Better Homes & Gardens Real Estate's Elk Grove office will be holding a Credit Repair Workshop for anyone interested.  It's free and there is no obligation to anything.  This is a great opportunity for someone looking to buy in the near future but needs to clean up a few things on their credit report to get the best interest rate possible.  Here's all of the information.  Let me know if you have any questions.
clear skies,
Doug Reynolds
www.BuyWithDoug.com
www.BHGshortsales.com

Credit Repair Workshop!!!
 
Tell Your Friends, Everyone Is Encouraged To Attend
 
We will be helping buyers / sellers understand … (0 comments)

buyers market: July 2011 Housing Statistics - Sacramento County - 08/23/11 02:59 PM

Low inventory leaves more buyers than property
For July, sales decreased 8.9% from 1,734 units sold in June to the current 1,579 units sold this month. Year-to-year, closed escrows were up 15.8% from the 1,363 units sold last July. Making up the closed escrows this month were 591 REOs (37.4%), 358 short sales (22.7%) and 630 conventional sales (39.9%). These numbers have changed month to month with REOs down 11.7%, short sales staying relatively level (-.4%)  and conventional sales up 14.6%.
The median home sales price remained low, but increased .7% to $166,000 from the $164,900 median sales price of … (0 comments)

buyers market: Sacramento 95826 Sales Data(College Greens/Glenbrook,Rosemont) - July 2011 - 08/08/11 03:53 PM
The summer is already halfway over.  Sales have been bouncing around for the past few months.  Here's July's data for the neighborhoods: Check back each month for the updated statistics as i keep a close eye on the 95826 and do a lot of sales in these neighborhoods as well (live in and am also a landlord).
All "SOLDS" data for the 95826 (July 2011):
36 Sold Single Family Homes (DOWN from 48 in June)
Average Square footage: 1,449
Average Listing Price: $169,007
Average Sales Price: $164,165
Median Days on Market: 57 days
High Sales Price: $297,500
Low Sales Price: $80,100
… (0 comments)

buyers market: College Greens / Glenbrook Sales in July 2011 (Sacramento, Ca 95826) - 08/08/11 03:37 PM
There were only 16 Sold Properties in College Greens / Glenbrook for the month of July, 2011. That is the same as the 16 that sold in June 2011.  Here are the addresses and specific information.


Currently (August 8, 2011) there are: 35 Active listings, 15 Active Short Sales, 11 Contingent Short Sales and 20 Pending Sales.
If you would like even more information (e.g. Pictures, listing history, what type of sales they were, etc.) feel free to call or email and i'd be happy to provide that for you. Call or e-mail me if you are looking to … (0 comments)

buyers market: Rosemont Sales in July 2011 (Sacramento, Ca) - 08/08/11 03:17 PM
There were 20 Sold Properties in Rosemont for the month of July, 2011. That is down slightly from the 22 that sold in June 2011. Here are the addresses and specific information.


Currently (August 8, 2011) there are: 20 Active listings, 23 Active Short Sales, 30 Contingent Short Sales and 49 Pending Sales.
If you would like even more information (e.g. Pictures, listing history, what type of sales they were, etc.) feel free to call or email and i'd be happy to provide that for you. Call or e-mail me if you are looking to buy or sell in … (0 comments)

buyers market: Homeowners who want to trade up are stuck waiting - 08/05/11 04:35 PM
I don't neccesarily agree with this headline from a recent LA Times article.  In the past few months i've had two sets of clients in very similar situations: They bought their house a few years ago, they now owe more on the house than it's worth but they make good income and have money saved.  They want to buy a bigger, better home in a more prestigious location.  Well, they can't sell their house because it will be a short sale and then hit their credit for a few years, SO... they are becoming landlords.  Renting out their starter home, rather … (0 comments)

buyers market: Owning may be better than renting in Sacramento... - 07/26/11 01:30 PM
Here's a recent article from the Sacramento Bee.  The article discusses an interesting phenomenon in our area of owning a home is costing less than renting in many scenarios right now.  Over the past year, rents have been inching higher while prices of homes to buy have been inching lower.  If you are currently renting and are wondering if you could own for the same or less, give me a call or an email and we'll figure out if now is the right time for you to buy.  Check out the article...
clear skies,
Doug Reynolds
www.BuyWithDoug.com
www.BHGshortsales.com

Home ownership in Sacramento … (0 comments)

buyers market: Timing a real estate decision to meet your needs... - 07/20/11 05:47 PM
Here's a recent article from Inman News.  The article talks about many good points on the timing of buying and selling for people.  Every single person is in a different situation.  What might be a good decision for one family, might be a poor decision for another.  One client of mine came to mind while i was reading this article.  The family is currently in their first home and are wanting to get a home in a better school district now that their kids are starting to grow up.  The problem is, they are a little bit upside down on their … (0 comments)

buyers market: Housing Market: Vote Early, Vote Often... - 07/19/11 11:37 AM
The somewhat sluggish housing market across the nation is going to be a major topic on the upcoming election.  Here's an article from the Wall Street Journal discussing many topics that the current Obama administration is discussing and considering.  What's your answer to fixing the housing market once and for all?
clear skies,
Doug Reynolds
www.BuyWithDoug.com
www.BHGshortsales.com
U.S. Tackles Housing Slump By NICK TIMIRAOS The Obama administration is ramping up talks on how to revive the housing market, which is weighing on the economic recovery—and possibly the president's re-election in 2012.
Last year, advisers considered several housing-policy prescriptions but rejected them in … (1 comments)

buyers market: Investors to the rescue of housing market - 07/18/11 01:39 PM
I just discussed this topic in my monthly YouTube video (july/aug 2011).  During 2011 i have seen investors coming into the market more and more.  Not just for flipping but for purchasing properties as rentals.  Here's an article from the Los Angeles Times discussing this topic and how the trend will continue for the next few years.  In the Sacramento area, investors are purchasing properties at a great price, cleaning the properties up a bit and then getting renters into the house for positive cash flow.  Years down the road, the investor can make the decision to sell once some appreciation has been … (3 comments)

buyers market: July / August 2011 Sacramento Real Estate Market Video Update - 07/15/11 01:58 PM
Doug Reynolds, a Sacramento Realtor, provides an analysis of the local market statistics for June. This month discussing how investors have come back into the Sacramento market in a strong way. Also, talking about the strong buying season the area is experiencing. New short sale website www.BHGshortsales.com . More information can be found at his website, www.BuyWithDoug.com, as well as his blog and Facebook page (Doug Reynolds Real Estate). Become a fan of his you tube page and Facebook pages.
www.BuyWithDoug.com
www.BHGshortsale.com
… (1 comments)