Home : Blogs : Loren Ransier : Loren's Blog

REMAX Sacramento

REMAX Sacramento

REMAX Sacramento

As a full time agent with REMAX Sacramento since 1992 I can tell you that the last 24 months have been the most difficult of my career. I can also tell you that the Sacramento housing economy is poised for recovery as a result of several factors:

In the quarter just passed the US has just had it's most solid GDP showing in over 2 years. We grew at a respectable 3.5% in the three months, July through September, 2009. While the growth came as a result of Government tax incentives such as the "cash for clunker" program and the $8000 tax credit for "First Time Home Buyer's ", the growth was welcome news to our recession weary economy.
The US has historically low interest rates which helped our housing market in 2009.
Housing inventories are down as a result of 2009 record sell-off of foreclosures. Some area's of the REMAX Sacramento service area are experiencing a modest increase in equity. Folsom is an example.
I, as an agent for REMAX Sacramento, have benefited from the Government's $8000 tax credit for "First Time Buyer's" in 2009. While political wrangling continues about this popular measure it is expected that bipartisan support assures it's survival into 2010 and beyond.
FHA has replaced discredited conventional lenders for many transactions in 2009. FHA raised its loan limits to $580,000 in 2009. This allowed many transactions to occur for REMAX Sacramento which would not have occurred otherwise. Industry insiders tell me that they expect the higher FHA limits to extend into 2010 and beyond.
REMAX Sacramento has improved its coping skills in dealing with the current crisis. Loan modifications are an increasingly popular tactic for distressed homeowners. Consumers in the past have been taken advantage of by some modification companies demanding upfront fees. The practice of advance fees by law practices and modification companies have been at the heart of the loan modification corruption. Those taking the fees often take consumer's money with no modification even attempted, much less successfully completed. Consumers have also been taken advantage of by their banks who have often functioned only from self interest.
An example of improved coping skills is the innovative solution pioneered by REMAX Sacramento's strategic alliance with Nfinit Solutions, a Nehemiah Company. For details on how to take advantage of Nfinit Solutions comprehensive educational approach for distressed homeowners call me. I want to personally help you understand your options and how REMAX Sacramento can help you stay in your home.
Another crisis abatement coping skill which I as a REMAX Sacramento agent have been trained and experienced with is short sales. A short sale is when more is owed on a home than its current value and the seller's lender will agree to take less than is owed on the home. Like a loan modification this tactic is designed for those who have no equity in their home and are experiencing hardship from job loss, adjustable rate mortgages, or are drowning in debt.
As a REMAX Sacramento agent I am interested in seeing these crisis abatement coping mechanisms succeed to spare communities more foreclosures which destroy home values.
An advantages for individuals using a short sale is that a with a successful short sale individuals can buy again in as little as 24 months. In addition, a successful short sale or loan modification can save a security clearance that would be lost as result of a foreclosure.

REMAX Sacramento

As a REMAX Sacramento agent I can also assist those with equity in getting the highest possible price for their home and sell it quickly. Please call me so I can help you sell your home or buy your next home.