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Surprisingly amazing deals happening in the Sacramento area

By
Real Estate Agent with Team Hybrid - REMAX Gold

Alot of times people wonder what they should do next.  Buy or rent?

Of course renting helps you avoid many responsibilities, maintenance, and things like that.  But I believe we are in a unique situation in history (for how much longer nobody knows), where owning your own home can be substantially more affordable than renting.

For example, I can describe a transaction we had closed on last week.  Although it was a struggle to keep the deal together (lending issues still tend to be a problem at times), everyone pulled through and a VERY happy homeowner came out at the end of the story.  It was a fully remodeled home, with crown moldings, 3 tone paint, and just about everything inside remodeled and upgraded.  Buyers were a young couple with a 4 year old girl getting ready to go to school.  Showing them many homes in an area they thought they wanted to be in, they were beginning to get frustrated that we just could not find something attractive in their price range.

Then I found out one of my investors was finishing up a project, and with that I knew we would not have to compete to get in the deal.  I showed them the home 1 week before we were supposed to list it and we were in contract almost right away.

The moral of the story:

They were able to purchase this nearly new and fully remodeled home for 170,000.  With a California grant program our lender had access to they came in with 1% down payment ($1700) and their payment was less than $1150.  If the house was on the market for rent, it's rent would be around $1400.

They are saving $250 per month than if they were renting, came in with a down payment of less than most landlords would require as a deposit, and enjoy the tax benefits and personal satisfaction of home ownership!

Glad we could help.

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