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Busy Sacramento Week

By
Real Estate Agent with MagnumOne Realty CA BRE Lic. # 01418097

This past week has been very busy and adds to my belief the real estate market is weather driven or at least it seems that way to me.   Every time we get some warm sunny days, I am too busy to spend much time outside!  It is nice to see the Sacramento real estate market continuing being active, even if the transactions are always difficult to get closed.

During the past week I have taken three new listings.  The first is a very nice home in the Natomas area of Sacramento.  This home is just a year old, has tons of upgrades and has been very well cared for.  If you or someone you know is looking to buy in this area take a look at 510 Dnieper River Way.

The second listing is also in the Natomas area but since we have some additional work to complete before it is ready to show it is not officially on the market but keep an eye out for it.

The third listing we took this week is unique for a couple of reasons.  First, this is a spectacular home on 2 plus acres in Newcastle and it is one the seller never anticipated having to sell so it has been painstakingly remodeled and shows like a dream.  These sellers thought they were working with their lender and anticipated a loan modification that would allow them to stay in their home.  When negotiations failed the lender quickly filed a notice of default and has set a sale date for later this month.  I don't normally like to work under such pressure but we have had success with this lender and feel if we can get an offer in quickly, we have a chance to delay the sale and avoid foreclosure.  For this reason we have priced the home super aggressively.  Take a look at 1001 Kentucky Greens Way, and let me know what you think.

I am looking out the window and seeming clouds moving in.  Would you know, just as I am catching up!

John Walters
Frank Rubi Real Estate - Slidell, LA
Licensed in Louisiana

Low clouds along with lower prices and lower interest rates are helping for sure.

Feb 07, 2009 08:48 AM