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sellers: California Starts To Follow Sacramento’s Lead - 05/25/12 09:41 AM

 
Sacramento has been experiencing price increases since the beginning of 2012.  Now the entire state’s median is beginning to follow.
 
The median price for an existing, single-family home in California rose 1.6 percent in March compared with the year before, marking the first year-over-year increase in 16 months, the CALIFORNIA ASSOCIATION OF REALTORS® reported Monday.
Making sense of the story
The statewide median price of an existing, single-family detached home jumped 9.2 percent to $291,080 in March from February’s $266,660 median price and was up 1.6 percent from a revised $286,550 recorded in March 2011.  The month-to-month increase … (0 comments)

sellers: The Reasons Your House Isn’t Selling and What You Can Do about It - 05/21/12 08:25 PM
Selling a home can be a daunting undertaking, and while you may be helpless to control the state of the market or the number of prospective buyers in your price range, here are a few ways to be proactive against some of sellers’ most common pitfalls:
Problem: Your home lacks curb appeal. The condition of your home inside and out is critically important to making a sale. If your home doesn’t show well, a potential buyer is going to head elsewhere. Most buyers are looking for a house they can move into without a ton of small repairs and cleanup.
What You Can … (1 comments)

sellers: Get Your House Ready To Sell - 04/19/12 10:07 PM

Failure to Prepare Your Home’s Appearance for the Buying Eye
When buyers look at a property, they are looking for a home, NOT a house. Impressions and emotions are vital to a buyer’s decision-making process. They are seeking a certain feeling, a place in which they’d be comfortable living. So if you want to sell your home, give the buyer that feeling that they are “home.”
 
Let’s examine the emotional factors influencing the choices made by the buyer. Emotions are one of, if not the most important factor for swaying a buyer’s opinion for or against a property. It … (1 comments)

sellers: Sacramento County Real Estate Video Update April - May 2012 - 04/18/12 08:12 PM
Doug Reynolds, a Sacramento Area Realtor, discusses the latest real estate data for March 2012 in Sacramento County Real Estate. Due to low inventory and high buyer demand, the market has shifted to a sellers market where properties are selling quickly with multiple offers.  The median sales prices has now increased for two straight months, indicating the bottom of the market has passed.  Also discussed, is the "Perfect Storm" currently going on in the Sacramento area.  It's both a great time to sell and also a great time buy due to low prices and low interest rates (it's just tough to … (0 comments)

sellers: Sacramento County Housing Statistics for March 2012 - 04/12/12 03:06 PM


Prices Rise for Second Straight Month – Bottom of the Market has Passed
In the Sacramento Area, the median sales price of single family homes has rose for the second straight month.  The median price for March 2012 was $165,900.  Up from $160,000 in January 2012.  The increase in price is due to the economics of Supply and Demand.
Low Supply: Currently, the amount of homes for sale on the market (inventory) is at 1.1 months.  That means at the current rate of sales, if no new homes came on the market, we would sell out of homes in only … (2 comments)

sellers: Arden Park and Arden Oaks - Sales Data for March 2012 - 04/09/12 08:50 PM
There were 8 homes sold in Arden Park and Arden Oaks in March 2012.  That is slight increase from the 5 sold in the month of  February  2012.  Here are the addresses and specific information: 
 
 
 
 
There are currently: 23 active listings, 3 active short sale listings, 4 contingent short sale listings, and 5 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 … (0 comments)

sellers: Elmhurst and Tahoe Park Sales Data - March 2012 (Sacramento, Ca) - 04/09/12 08:39 PM
There were 9 homes sold in Elmhurst and Tahoe Park in the month of March 2012.  That is a slight decrease from the 10 homes sold in the area in the month of  February 2012.  Here are the addresses and specific information.

 
Currently there are: 17 active listings, 5 active short sales, 15 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 … (0 comments)

sellers: Rosemont Sales in March 2012 (Sacramento, Ca) - 04/05/12 09:31 PM
There were 29 homes sold in Rosemont in the month of March, 2012.  That is slight increase from the 17 that sold in February.  Here are the addresses and specific information.
 
 
 
 
 
Currently there are: 13 Active listings, 10 Active short sale listings, 27 Contingent Short Sales  and 28Pending 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.  … (5 comments)

sellers: 3 Hot Trends for Kitchen Remodeling in 2012 - 04/04/12 08:26 PM

Mulling a kitchen remodel but want to keep costs low? You’re au courant with today’s trends that emphasize options and high-tech wizardry at affordable prices.
Trend #1: Remodeling scales back
A new focus on moderation and value has entered the remodeling mind-set. Trends that are likely to show up in your kitchen next year include:You’ll repair your existing appliances instead of replacing them, extending their life with good maintenance and care. If you’re replacing cabinets, you’re likely to build around your current appliances rather than choosing new models.You’re scaling back your cabinetry purchases, with an increased emphasis on kitchen storage and functionality overelaborate decoration. For example, rather … (3 comments)

sellers: College-Glen Real Estate Update Q1 2012 - Sacramento, Ca - College Greens, Glenbrook - 04/03/12 09:03 PM
Real Estate Agent, Doug Reynolds, is a resident and specialist of the College Greens/Glenbrook neighborhood in Sacramento, Ca.  This video details the 2012 first Quarter Real Estate statistics in the neighborhood.  He also shows a comparison to last quarter and the quarter from one year ago.  In 2012 Q1, the neighborhood saw an unusual spike in distressed bank owned properties.  These poor condition sales drove down the median price.  But don't be fooled, the neighborhood is currently experiencing a Seller's Market.  The homes that show well, are marketed well and priced right are getting multiple offers, over list price in just a … (0 comments)

sellers: FHA TAKES ADDITIONAL STEPS TO BOLSTER CAPITAL RESERVES - 04/02/12 12:47 PM

 
New premium structure will help protect FHA’s MMI fund
 
WASHINGTON – As part of ongoing efforts to encourage the return of private capital in the residential mortgage market and strengthen the Federal Housing Administration’s (FHA) Mutual Mortgage Insurance Fund,
Acting FHA Commissioner Carol Galante today announced a new premium structure for FHA-insured single family mortgage loans. FHA will increase its annual mortgage insurance premium (MIP) by 0.10 percent for loans under
$625,500 and by 0.35 percent for loans above that amount. Upfront premiums (UFMIP) will also increase by 0.75 percent.
 
These premium changes will impact new loans … (1 comments)

sellers: Pet Odor Can Chase Away Buyers - 03/28/12 08:48 PM

Don’t let pet odors derail your home sale.
Air your house out. While you’re cleaning, throw open all the windows in your home to allow fresh air to circulate and sweep out unpleasant scents.
Once your house is free of pet odors, do what you can to keep the smells from returning. Crate your dog when you're out or keep it outdoors. Limit the cat to one floor or room, if possible. Remove or replace pet bedding.Scrub thoroughly. Scrub bare floors and walls soiled by pets with vinegar, wood floor cleaner, or an odor-neutralizing product, which you can purchase at a pet … (3 comments)

sellers: Answers for First-Time Buyers - 03/25/12 04:32 PM

March 2, 2012| by Sarah Stelmok, ABR, GRI, e-Pro
 
Many people in the market today are first-time home buyers who would not have been able to buy when home prices were higher. Enticed both by lower prices and bank promotions, these eager hopefuls are have taken the signs of deals as the best chance to make their first real estate move  .
While all home buyers need help with the short sale process, it’s especially challenging to address the needs and concerns of a first-time home buyer who has decided a short sale is the home for them. Here’s how to … (0 comments)

sellers: Top Reasons Your Offers Are Not Getting Accepted - 03/23/12 09:17 PM
 
 
Doug Reynolds, Sacramento Area Realtor, discusses the recent sellers market in Sacramento Spring 2012.  He shares tips with buyers as to why your offers are not getting accepted when you are competing with other buyers:
- Price (low ball offers no longer work)
- Financing (Cash is best, then conventional, then FHA and last VA)
- Needing a credit from seller for your closing costs
- Terms (break down of closing costs)
- Lender (small, direct, local lenders are the best right now)
- If it's a short sale, the commitment you are showing the seller.
 
… (2 comments)

sellers: Don’t Forget To Save Money On Your Taxes This Year - 03/20/12 07:07 PM

 
Homeowners should be aware of these tax breaks that they may be eligible to receive. Consult a Certified and licensed Tax Professional.
Mortgage interest: Homeowners are generally entitled to reduce their taxable income by the amount of mortgage interest they pay, as long as they itemize deductions on their tax returns.  Private mortgage insurance: Homeowners who are paying PMI likely will be able to fully deduct the amount, as long as their adjusted gross income is $100,000 or less ($50,000 for married taxpayers filing separately).  Borrowers with incomes above $100,000 may qualify for a partial deduction. Energy-efficient home improvements: … (1 comments)

sellers: Where Are All the Home Sellers? - 03/19/12 03:51 PM
As we’ve been discussing in our Sacramento area: low inventory, high demand and a flattening sales price.  It’s happening in other parts of the country as well.  Check out this article from the Wall Street Journal.

By Nick Timiraos of the Wall Street Journal  
 
Inventories of homes listed for sale in January dropped by 6.6% from December to 1.77 million, the eighth straight month that listings have declined. For-sale listings are 23.2% below year-earlier levels and at the lowest point since the housing bust accelerated five years ago, according to data from Realtor.com.
All but one of the 146 … (1 comments)

sellers: Sacramento County Real Estate Update March-April 2012 - 03/18/12 07:55 PM
Doug Reynolds, a Sacramento Area Realtor, gives a market updated March and April 2012 Sacramento Real Estate.  This month discussing how the local real estate market appears to have hit the bottom.  Indication signs are: the median sales price increasing in February, the area currently has the second lowest amount of inventory since 2000 at 1.6 months, high buyer demand with multiple offers on properties, the second highest amount of sales in the month of February since 2000 and the lowest interest rates in the history of the US.  The local market appears to be turning around, what do you think? 
… (1 comments)

sellers: Points Lose Favor - 03/14/12 08:10 PM
With interest rates at or near record lows, many borrowers are seeing little reason to pay points when buying or refinancing a home.  Some are even opting for what’s known as “negative points,” agreeing to a slightly higher rate to help pay closing costs.
Making sense of the story
Paying points enables a borrower to “buy down” the interest rate on a mortgage in exchange for an upfront fee.  The trend away from points partly reflects borrower sentiment that rates are already low enough, according to industry experts. A point equals 1 percent of the loan amount, so paying one point … (0 comments)

sellers: History of Sacramento Real Estate 1986 - 2012 - 03/13/12 09:08 PM
Doug Reynolds, a Sacramento Area Realtor, gives a detailed analysis of the median Sales price in Sacramento Real Estate.  He discusses the ups and downs of the past 25 years in the area.  Doug also discusses the fact that since interest rates are historically low, homes for sale inventory is low and buyer demand is high.  Due to those factors, he feels 2012 is the bottom of the market and the beginning of a new moderately climbing market.
 
What do you think is going to happen in the next 5, 10 or 25 years???
… (0 comments)

sellers: Sacramento County Housing Statistics for February 2012 - 03/12/12 07:53 PM

 
Median Sales price Rises!
 
The law of supply and demand are beginning to take effect in the Sacramento Area Real Estate Market.  For months and months I’ve been sharing how there is extremely low inventory and huge buyer demand, multiple offers and bidding wars on well-priced houses.  February 2012 is showing that in the numbers now.  The median sales price increase by 1.9% from January to a new median of $163,000.  For over a year, the median price has been in the 160 range, showing a sign of flattening/bottoming in our area.  The inventory is at its lowest … (1 comments)