real estate: Should You Buy A Foreclosure? - 05/21/24 10:43 AM
Are you wondering if you should buy a foreclosure?So many buyers call me thinking that a foreclosure is the way to buy an affordable home, but there is a lot to consider. The first thing is that foreclosures really are less than 2% of our current market! So very, very limited inventory.Here are some pros and cons to consider:𝗣𝗥𝗢𝗦01 – Potential for a lower purchase price.02 – Opportunity for investment and profit.03 – Flexible financing options.04 – Room for renovation and personalization.𝗖𝗢𝗡𝗦01 – Possible property condition issues.02 – Limited inspection opportunities.03 – Lengthy purchase process.04 – Risk of hidden liens or … (3 comments)

real estate: How To Prep For A Home Inspection - 05/21/24 10:34 AM
Are you getting ready for a home inspection?It’s a crucial step in the home buying or selling process.You can help the inspector out by doing the following:☑️ Make sure if you have a padlock on the electrical box, unlock it.☑️ Make sure side gates are unlocked.☑️ Make sure it Is easy to get into the attic access.☑️ Make sure if you have a crawl space, it's easy to access also.→ What to Expect:During the inspection, a qualified home inspector will thoroughly examine:☑️ The exterior, interior, roof, foundation, plumbing, electrical, HVAC, and appliances.Additionally, the inspector will be on the lookout for any … (1 comments)

real estate: What Happens If My Home Doesn't Sell? - 05/16/24 01:59 PM
First, take a breath. It will be okay!💻 You can reassess your marketing strategy💰 Also, consider adjusting the priceIt’s important to work with your real estate agent to address any potential issues.👉 Remember, the right buyer is out there, and with patience and perseverance, you’ll find them.Stay positive and keep working towards your goal of selling your home!If you are considering selling, 💬 comment “GUIDE” and I’ll send you my home selling packet with all the details 👇#realestate #sellertips #sellingahone #listingagent #elkgroverealestate ##sacramentorealestate #realtor 
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real estate: What Documents Do I Need To Get Pre-Approved? - 05/16/24 11:49 AM
Set yourself up for home buying success! 🏡👉 When you get pre-approved for a home loan, here are the documents that you will most likely need:✔️ Driver’s License & SSN✔️ One – Three Months of Paystubs✔️ Two Years of W-2’s and/or Tax Returns✔️ P&L (if self-employed)✔️ Two Months of Bank Statements**Please note: more documents may be needed depending on your lender.→ If you need some lender recommendations, please reach out and I can send you some!Also, if you’re meeting with a lender, 💬 comment “QUESTIONS” below and I’ll send you my top questions to ask them.#mortgagelender #mortgageloan #realestateagent #realestate #buyertips #elkgroverealestate #sacramentorealestate #buyingahome
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real estate: What is Earnest Money? - 04/16/24 12:24 PM
Have you ever heard of “Earnest Money” before? 💰👉 It’s essentially a good faith deposit that is provided by a buyer to a seller as a demonstration of their seriousness and commitment to purchasing a property.I tend to think of it as something like an engagement ring. 💍→ If you’re getting married, and you want your partner to know that you’re serious, you give them a ring.When you’re serious about purchasing a house, you give the seller an earnest money deposit.💲 The amount of earnest money can vary and is typically a percentage of the purchase price, often ranging from 1% … (2 comments)

real estate: What to do NOW to Buy A Home in Summer - 04/16/24 11:02 AM
If you’re thinking about buying a home and don’t know where to start…🚨 Here are the first 3 crucial steps:01 – Determine your why>> Why do you want to move? What are you looking for? What is your wants vs needs list.02 – Find an Agent>> Your real estate agent can help guide you on all the steps necessary for the home buying process. They can even help with step 3, recommending local lenders.03 – Find a Lender>> It’s important to get pre-approved for a mortgage so you know how much your budget is.These initial steps lay the foundation for a … (1 comments)

real estate: My Proven Pricing Strategy - 03/28/24 11:35 AM
I’ve been selling homes for 35 years, and this strategy always works.Alright, here’s the strategy.
First, I use market data to determine what your house is worth.As a process, it’s a science and an art. And I’ll go ahead and tell you now, online estimators simply aren’t able to do that.Once I determine the market value of your home (aka the ball park it should sell in), then I determine what price we should list at.Yes, they are different.
Pricing your home right on the mark of what it’s worth can actually result in longer days on market and a lower sales price.What?  … (3 comments)

real estate: Different Types Of Home Loans - 03/28/24 11:16 AM
There’s many different loan options….Here are some of the common ones 👇01 – 𝑪𝒐𝒏𝒗𝒆𝒏𝒕𝒊𝒐𝒏𝒂𝒍 𝑳𝒐𝒂𝒏𝒔: These are standard mortgage loans not insured or guaranteed by the government. They typically require a down payment of 3% to 20% of the home’s purchase price.02 – 𝑭𝑯𝑨 𝒍𝒐𝒂𝒏𝒔: Insured by the Federal Housing Administration, these loans help borrowers with low down payments and lower credit scores.03 – 𝑽𝑨 𝑳𝒐𝒂𝒏𝒔: Available to eligible veterans and military personnel, VA loans offer favorable terms, including no down payment and flexible qualification criteria.04 – 𝑼𝑺𝑫𝑨 𝑳𝒐𝒂𝒏𝒔: These loans, offered by the U.S. Department of Agriculture, are designed for … (3 comments)

real estate: March Is The Best Time To Buy A Home - 03/07/24 01:01 PM
March is the ideal month to start home shopping.Here’s why 👇💐 Spring is coming, which is typically the busiest time in real estate. If you start to look now, you’ll get a head start!☀️ As the weather improves, typically more people start listing their homes and you’ll have more inventory to choose from.🌳 Homes tend to look more attractive due to the curb appeal, blooming flowers, and greener landscapes.💰 Sellers listing their homes in March may be motivated to make a deal, especially if they’ve been waiting through the slower winter months.📚 School planning and consideration is a big reason why … (4 comments)

real estate: How Do You Know How Much Equity You Have? - 03/01/24 10:44 AM
How Do You Know How Much Equity You Have?  
EQUITY = LEVERAGE
Leverage for what?
Your next home or real estate investment.
How do you know how much equity you have in your home?
It’s simple:
Current value of your home
MINUS
Current loan balance
EQUALS
Home equity
And how do you know what your home is currently worth?
Hint: online estimators that start with Zillow won’t give you a full picture.
The best way to determine the current value of your home is to compare recent sales, current market trends and weigh the specifics of your home.
Only a local real estate expert can advise you on the current value of your … (4 comments)

real estate: How To Win A Bidding War In Real Estate - 02/21/24 10:50 AM
How To Win A Bidding War In Real Estate
Want to know a secret?It’s not always about price....Whether I'm on the buyer side or the sales side, there’s one thing for sure… price is not the only factor we consider when writing or reviewing an offer.While many sellers are concerned with getting the highest price on their home, sometimes there are other circumstances or motivations that will take priority over a negligible difference in price.For example, some sellers have a specific timeline they must adhere to…If they need to close quickly so that their proceeds can be applied to their next purchase, … (1 comments)

real estate: If you want to move in the summer, start planning NOW! - 02/16/24 10:17 AM
Did you know that it typically takes about 3 months to move? → Of course the timeline for buying or selling a home can vary based on several factors but that’s a general estimate.If you’re thinking about moving in the summer – a good time to start preparing is now! It typically takes a few weeks to prepare your home (or to search for a suitable home if you’re a buyer). Offer and Negotiations can take a few days. Inspections and Appraisals can take 2-4 weeks. Closing takes approximately 30 days.These are just general timelines but it’s important to know the … (2 comments)

real estate: Why I Love Real Estate And You Should Too - 02/14/24 10:57 AM
Why I Love Real Estate And You Should Too
There’s so much to love about real estate beyond swoon worthy houses and exceptional design. Real estate represents so much more than that.
Real estate represents home. Which is where so many of the moments - mundane and monumental - exist. It’s where memories are made and families are raised.
And even beyond that, real estate can be a powerful source of wealth for the majority of homeowners.
Did you know that the average homeowner in the US has $200,000 in equity in their home right now?
Homeowners have a median net worth of $255,000 while … (2 comments)

real estate: February Is A Great Time To Move - 02/06/24 11:37 AM
February is a great time to move for so many reasons! → Start before the Spring rush. The real estate market often picks up in spring, and having your home on the market early may attract more potential buyers. And if you’re a buyer – you’ll have less competition now!→ With fewer transactions occurring, the mortgage approval and closing processes may move more quickly. This can result in a faster and smoother transaction for both buyers and sellers.→ Some buyers may receive tax refunds in February, providing them with additional funds for a down payment or closing costs. While these factors … (1 comments)

real estate: January Newsletter 2024 - 02/01/24 09:01 AM

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real estate: How To Deal With A Loved One's Real Estate - 01/25/24 12:43 PM

Your loved one has passed away and you are grieving and you have to deal with Real Estate. Now what? There's so much to consider and of course you don't feel like it. If you're the one that's left responsible for the estate you mostly likely have to deal with it. I had to do this twice in 2021 myself for my family. It's not easy, it's stressful and you need help .
Since that time, I have helped many, many families in the same situation. Things to think about...
1️⃣ Is the property in a trust? If it is, what … (2 comments)

real estate: What To Do About Unpermitted Work? - 01/23/24 12:43 PM

Ever wondered what happens if you find your dream home, but discover it has unpermitted work? You're not alone.
Here's what you need to know. Firstly, unpermitted work can range from minor cosmetic changes to major structural renovations. The key question is: how does this affect the home's value and safety?
Here's the deal: unpermitted work can pose risks. It might not meet building codes, which can affect insurance and financing.
The way I see it, there are 3 options on how to handle it.
Option one: Get it permitted. This might involve inspections, upgrades, or even reversing the changes. Yes, it can be costly … (3 comments)

real estate: What Is House Hacking? - 01/16/24 09:26 AM

What is house hacking?  A way for investors to purchase multiple properties that have 2-4 units.  With allowing for only 5% down, they can now invest in more than 1 BUT, there is a catch - investors have to live in the property for 1 year!  Want more info?  Call or text me and we can set up a video chat!!
#househacking #investors #realestate #realestateinvesting #moderegroup #housebuying #investinginrealestate 
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real estate: Create A Budget For 2024 - 01/12/24 09:30 AM

It’s a new year. It’s a new you. It’s a new plan for your money. It’s time to create a budget for 2024!
Regardless of what your financial goals are for the year, a strong budget can help you reach them.
So here are a couple of tips to setting a realistic budget.
Please share this with your friends who are trying to save for a new home next year.
#1 Take a Look At Last Year I always suggest the first thing you do is look at last year’s expenses. This will give you a good starting point on what … (0 comments)

real estate: 10 Things That Matter Most To Homeowners - 01/09/24 12:58 PM

So, what turns YOU on? About homes, that is!
We all have specific things we look for when it comes to a romantic partner, and it’s really no different when we’re looking at homes.
According to a recent study from HomeAdvisor, here are the things that matter the most when it comes to buying a home.
#1, Price. Of course, right? Money talks, and for most buyers, it’s absolutely the first thing on their minds.
#2 was home size. Many people move because they outgrow their previous home, so this makes sense that it would be in the number 2 spot. … (0 comments)

 
Lori Mode, Real Estate Made Simple (The Mode Real Estate Group)

Lori Mode

Real Estate Made Simple

Elk Grove, CA

More about me…

The Mode Real Estate Group

Address: 9250 Laguna Springs Dr., Suite 100, Elk Grove, CA, 95758

Office: (916) 405-5737

Mobile: (916) 230-0371

DRE License #00935148

Lori Mode of Keller Williams Realty, Sacramento Real Estate including Elk Grove and surrounding areas, including home listings, home prices, community information, local statistics, foreclosures and short sales.

If you ever have any questions, comments, suggestions, or anything else, please contact me using one of the methods below. Also be sure to engage in the conversations taking place within each post!




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