Deal Of the Week – 3 Great Values in Sacramento Real Estate

November 3, 2008

Great Deals in Sacramento Real Estate

Yesterday I spent a few hours in the south area of Sacramento looking for good values in investment real estate.  My criteria was that 1) it had to be in a decent area desirable for rental 2) had to have been on the market for a minimum of 3 weeks and 3) have a repair bill that didn’t exceed $20K in visable damage.

Out of the 13 I looked at, I found 2 homes that I would consider acceptable and one that might work to a total of 3 homes that could be acquired below the listed price and converted into a cash flowing rental opportunity or a home for someone who has the right financing.  None of these properties would work for an FHA or VA loan buyer as both of these programs have more strict requirements on condition than cash or conventional deals.

The video below is an example of what I saw.  This home has been on the market for a total of 228 days as of yesterday, is overpriced and ripe for the picking.  The damage is minimal and is in a great rental area.  It’s currently priced at about $100K but it won’t sell there.

Because it’s overpriced, there probably isn’t any competition on this home therefore coming in low and getting this one is a good bet.  Watch the video and see for yourself.

If you’re looking for an aggressive agent to help you find good deals on Sacramento homes, please contact me.  I’m working with several investors at the moment and will do what I can to help you meet your investment goals.

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For additional information on Sacramento region real estate, see my other site at Sacramento Real Estate Views.com.

Deal of the Week in Sacramento Real Estate!

October 23, 2008

3260 Nordyke Drive, Sacramento

This home is 3 bedrooms, 2 baths just over 1000 square feet.  The lot size is nice and has fruit trees in the backyard.  Its a great starter home for a first time buyer or a cash flowing rental for the investor.

It’s currently priced at $87,970 which is a pretty good value for the area.  There is a potential here however to get a better deal than the list price.  For more information on this, give me a call or send an email. I make sure and get you all the information you need or meet at the home for a peek.

Thanks for watching and as always, have a great day!

For more information about Sacramento and Placer County real estate, please visit my other site at SacramentoRealEstateViews.com.

Deal of the Week – 79th Street, Sacramento

October 15, 2008

A GREAT Opportunity in Sacramento Real Estate

This 3 bedroom, 2 bath almost 1200 square foot home has been on the market priced at $106,900.  It has new carpeting, dual pane windows and looks like a newer water heater and air conditioning condenser.

Being that it’s been on the market for awhile, this property can be had at a MUCH lower price than what it’s currently listed for.  If you’re interested in this home and what I think it will sell for, please call me.

LowBall Time has Arrived in the Sacramento Real Estate Market

We’re seeing very low offers being accepted on homes in the region.  FORGET WHAT IT’S LISTED FOR AND LET’S WRITE IT LOW! We may just get it done and if we don’t, we’ll find something else and write that low.  We will succeed somewhere.  It almost doesn’t matter where you’re buying, investment or primary residence, new or resale, beginning with the 4th quarter, getting a good deal on Sacramento real estate just got a lot easier.

It’s the last quarter of the year, a typical slow time in real estate sales.  Listing prices will probably stay at relatively consistent levels but the offers coming in will be few and they should be LOWER THAN LIST depending on that list price.  Need some help negotiating a good deal?  Give me a call and I’ll be happy to help you too.

Enjoy the video and as always, thanks for watching!

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Wow! Have Home Prices Plummeted in Old Roseville!

October 12, 2008

I’m working with a buyer who is looking in the Roseville, Antelope and Carmichael areas and we ran across this one. 2900 square feet, looks to be newly renovated, at least over the last 2 years and has an income producing rental behind it over the garage in a secluded ally way.

I remember this home being on the market in 2006 as I had a listing right around the corner from it around the same time.

In 2006, this home sold for $465K.  Man.  I’m looking at it this morning with my buyers and it’s currently listed for $235K.  A $230K difference in price.  That is simply amazing to me and I’m sure, to everyone else.  It’s bank owned and that does drive the price downward but still, that’s an amazing deal.

The comparable sales within a half mile radius don’t have the income producing potential, are smaller and sell for right around the same price!

I’ll post an update after I get back from seeing it.

Looking for a great deal on a home like this? Give me a call, I’m running into these all the time.

Source: Metrolist, Inc.

Deal of the Week – Elk Grove Homes

September 28, 2008

This is a great home for a first time buyer or investor depending on your investment profile and targets.  Close to schools and shopping with EASY access to Hwy. 99 with a straight shot to downtown Sacramento.

This home is overpriced in my opinion and as a result, is getting very little traffic.  This means that low offers will probably be entertained by the bank and YOU GET A GREAT DEAL!

See this post related to pricing to get a better idea of what I mean.

Deal of the Week in Sacramento Homes

September 21, 2008

Sunrise Greens Drive, Sacramento, Ca 95828

This home is bank owned and a very good value.  It’s got 4 bedrooms, 2 bathrooms, 2 car garage, a very large backyard and is in pretty good condition.  If I were to say anything about condition it would be exterior needing some basic pest work but you’d have to hire a home inspector to know for sure.

The Sacramento real estate market is loaded with homes like these all over the region.  New foreclosure homes hit the market everyday and there is something for every buyer out there.  Please call me if I can help you find a home that fits your needs.

Enjoy and, as always, thanks for watching!

Deal of the Week – Pacheco Way, Citrus Heights – UPDATE

September 13, 2008

UPDATE 9/22 – This house has been taken back by the bank for a bulk sale at auction.  No longer available.

UPDATE 9/21 – Open House today from 930 to 1230.  Come by and buy this house!

In my original post, I said that we had 3 offers pending on this home.  That turned out to be incorrect information and currently, we’ve had a price reduction and there are NO offers pending on this home!  Thanks!

This is a great deal.  Close to the Sunrise Mall and schools but yet in a very quiet area.  This is an outstanding area for a rental or as a home for a first time buyer.

Please call or email me and let’s get this one wrapped up before someone else does!

Thanks for watching!

Deal of the Week – Courville Court, Fair Oaks

September 7, 2008

UPDATE 9/22 – I will be holding this home open this afternoon from 4 to 630pm. Come by and take a look!

5912 Courville Court, Fair Oaks, CA

This home is one of REO Deal Makers listings.  It was built in the late 1970’s, has 4 bedrooms, 2 baths, is approximately 1862 square feet and has a pool.

The condition of this home is good although it is dated.  It needs a good cleaning and a little love and will become a great home in an area close to shopping, schools and local conveniences.

This home is priced at $301,500. Come out, take a look and make an offer!

As with all of our listings, for security purposes, the bank requires that all persons veiwing this home register with the agent holding it open.  Thanks for your understanding!

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