Thursday, December 1, 2022

New Listing - 8277 Lake Willow Way, Elk Grove, CA 95758

Loved by one owner for nearly 2 decades, this 3-4 bedroom, 2 bathroom, 1,595sf (per assessor) Elk Grove Park Meadows home is ready for a new beginning. This is the perfect blank canvas for your personal touches. You will love the spacious, light and bright open layout, and vaulted ceilings. Enter to find a large great room with a cozy fireplace. Spacious kitchen tastefully designed with an island and large pantry closet. Bonus room in front makes a perfect 4th bedroom or home office. Large hallway bedrooms and hall bathroom with tub/shower. Lots of storage. Primary bedroom boasts tall ceilings, double sinks and a separate shower and tub. The enclosed sun patio off of the kitchen is the perfect place to enjoy coffee and conversation, or for al fresco dining on a crisp evening. Large backyard with lots of sunny space to garden or play and newer fencing. Attached 2-car attached garage. New air conditioning unit. Structural Pest report repair bid for Section 1 is $3,255 and Section 2 $890. is All this is located in close proximity to Hwy 99, award-winning k-12 schools, parks, Elk Grove Creek trail and nature preserve, shopping, restaurants, & more. Don't wait! Offered at $449,900. For more photos and a 3D virtual tour please visit 8277 Lake Willow Way, Elk Grove, CA 95758

Wednesday, November 23, 2022

Want to sell your Sacramento home and buy another? Here are your basic options for the sell-buy tango...

If you follow me on Twitter you may already know that in the last few weeks I have heard from several people looking to purchase a home...the quandary is -- they own another home they need to sell in order to purchase another home

The sell-buy dance is a delicate one and there are a few different ways to approach it that I will outline below... A "contingent" offer is essentially one that hinges on the sale of your current home in order to complete the purchase of your replacement home. You are not obligated to complete the purchase of the replacement house until your current home sells. Sounds amazingly great right? Well, there are pros and cons. 

First let me explain how this really works and start with the basically have THREE options foe different scenarios to sell your home and buy another one with lots of nuance and variations in between them. 

OPTION A: List your home, sell your home, move out and rent while you look for your next home. 

OPTION B: Get your home 100% ready to go on the market. Have the home professionally photographed. Start house hunting. Get into contract on your replacement home and list yours immediately. Concurrently close both transactions. 

OPTION C (a hybrid of the other two options): Leap of faith - list your home, get your home into contract with a buyer. Negotiate the opportunity to rent your home back from your buyer for a time (or be prepared to find a rental). Start house hunting. Find and get into contract on your replacement home, and concurrently close both transactions. Or if you do not find a replacement home during the rentback period -- move out and rent

If you do not tolerate stress well, and do not have a high tolerance for dealing with lots of unknown timelines and variables then OPTION A is probably the least frenzied of the three options. OPTIONS B and C will involve a bit of luck, stress, and frenzy. I will say that I have helped clients successfully in all three scenarios...there is no right or wrong methodology here, though you will have to decide what option is best for your situation. 

By all means, before you decide to do any of these scenarios -- start working with your Realtor and loan officer and lay out a game plan. Have your Realtor do an estimate of value for your current home (and please do not assume that any online automated valuation of your home is accurate -- it likely is not) and a "net sheet." A net sheet will itemize all of the costs associated with selling your home, like title insurance, escrow fees, property and transfer taxes, natural hazard disclosure, commissions, inspection reports, repairs, etc. It will also give you an estimate of how much money you will have left over at the end of the transaction to put toward the next house. I'd encourage you to plan for the worst case scenario and be somewhat conservative with the estimates -- for example, I typically base my estimated net sheets on the low end of the price range I come up with, and the assumption that you the seller will absorb all of the transaction costs, and I even add a little miscellaneous padding. The last thing we would want is to over-estimate how much money you will have after the sale...and then find you don't have enough for your next home purchase. Once you have figured out approximately how much money you will walk away from the sale of your home with, visit your loan officer armed with this information. You may have other funds (savings, a monetary gift, etc) in addition to the proceeds of your home sale to put toward the next house. Your loan officer will then take this hypothetical amount, run your credit, look at your income and employment, and help you come up with a budget and loan pre-approval for the purchase of the next home. 

Next you have a choice to make. Ask yourself: Am I ok with moving twice? 

Moving itself can be a headache and bit stressful, however you may find moving twice to be the least stressful of your options. If the answer is "YES" that you are ok with moving twice -- then list your home. You will engage in OPTION A or C. 

If you do not want to move twice, then you likely fall into OPTION B. And for the love of all that is holy -- with this option GET YOUR HOME READY immediately like you are going to list it immediately. When you are shopping for another home without your current home in contract or already on the market, you must be prepared at the drop of a hat to be able to list your home. There are a couple clients I am working with where I have already had their home professionally photographed -- so that when the home of their dreams hits the market we are ready to pounce! The best way to convince a seller to accept your contingent offer if your home is not already on the market and in contract to be sold is -- have a bulletproof gameplan to have it on the market immediately and in contract immediately. 

These sell-buy domino transactions require good timing, a little luck, a skilled real estate agent and loan officer, and high tolerance of dealing with lots of unknown timelines and variables. Feel free to reach out to me to talk through the nuance of each scenario to determine which one may be the best fit for your needs.

Friday, October 28, 2022

New listing - 5334 Spilman Avenue, Sacramento, CA 95819

Exquisite, custom-remodeled 3 bedroom, 1.5 bathroom, 1,334sf River Park home is ready for a new owner. You will love the impressive aesthetics and attention to detail. Enter to find a large living room overflowing with natural light, and a custom fireplace insert with decorative mantel and shelving. Entertainer's kitchen with white cabinetry featuring interior pull-outs, quartz counters, full subway-tile backsplash, high-end appliances, and dry bar with lighted cabinets. Lovely formal dining room. Designer paint colors, stylish light fixtures, dual pane windows, custom window coverings, and wood flooring throughout. Spacious primary bedroom with sliding door to access the backyard. Enviable remodeled bathroom with lots of storage space, tiled stall shower with custom glass door enclosure, and granite counters. Remodeled half bathroom features an adorable pedestal sink. Indoor laundry area, and remodeled utility room has lots of extra storage space. Backyard is an outdoor oasis with a built-in swimming pool, lots of sunny space to garden or relax, and a private retreat area with outdoor shower. Front yard professionally designed/landscaped with drip irrigation. Close to Glenn Hall Park, the American River Parkway, award-winning schools, shopping, convenient access to CSUS, East Sac, downtown, & more. Don't wait! Offered at $719,000. For more photos and a 3D Virtual Tour, please visit 5334 Spilman Avenue, Sacramento, CA 95819.

Friday, September 30, 2022

Dumb things home flippers do...

Usually when a home inspectors taps me on the shoulder during a home inspection and says "Hey come here and check this out" it is not to show me something good. 

This week, at a home in Colonial Village that one of my buyers is in contract to purchase, the home inspector pulled us to the side of the house to show us this...that is the brand new mini-split heating and air unit that is not connected to power...because as it turns out the main panel is so old that it cannot be connected! I do not often see 60-amp fuse panels like this powering the entire house! And the seller/flipper's contractor just left it unconnected and did not let anyone know.

Fast forward a few days and after my go-to electrical contractor visited the house to assess things, a +/- $5,500 bid to replace the main panel and correct the shoddy work...the seller agreed to a massive request for repairs to correct this and lots of other stuff. 

DO. NOT. SKIP. INSPECTIONS. No matter how pretty the house looks.

Friday, September 16, 2022

New Listing - 3412 Kevin Court, Sacramento, CA 95821

This exceptional 3 bedroom, 2 bathroom, 1,360sf Arden home is ready for a new owner! You will love the open, light and bright floorplan. Step inside to find a large family room with built-in storage, a fireplace, and large sunny picture window overlooking the front yard. Updated kitchen features granite counters, island with a farmhouse sink and breakfast bar, and stainless appliances, and opens to the large family room. Large hallway bedrooms, and remodeled hallway bathroom with a lovely clawfoot tub with shower. Enviable primary suite has dual closet spaces! Added 2nd bathroom has a tiled stall shower. Freshly painted interior. Wood floors throughout. Metal roof, central heat and air, dual pane windows, custom window shutters, brand new concrete driveway, walkways and patio. Backyard has lots of sunny space to garden or play, and a large storage shed. Section 1 and 2 pest clearance. All this is located near award-winning k-12 schools, parks, shopping, & easy freeway access and more. Don't wait! Offered at $499,000. For more photos, information, and a virtual 3D Walkthrough please visit 3412 Kevin Court, Sacramento, CA 95821.

Wednesday, September 14, 2022

New Listing - 3833 Arrowhead Drive, El Dorado Hills, CA 95762

Lovingly maintained by the same owner for nearly 4 decades, this impeccable 4 bedroom, 2 bathroom, 1,745sf El Dorado Hills home is ready to be somebody's new beginning, and is the perfect blank canvas for your personal touches. You will love the spacious layout. The sizable kitchen is open to the family room and offers a pantry with lots of counter and storage space. The formal living room has vaulted ceilings, a cozy fireplace and overlooks an attached screened-in sunroom, and the backyard. Primary suite has lots of windows, french doors to the backyard, remodeled bathroom with clawfoot tub and walk-in closet. Large hallway bedrooms and updated hallway bathroom. HUGE, park-like backyard with lots of sunny space to garden or play, a lovely gazebo, and a built-in swimming pool. 2-car attached garage, backyard storage shed. All this located directly across from Peter Bertelsen Memorial Park and close proximity to k-12 schools, parks, shopping, restaurants & convenient freeway access, and more. Don't wait! Offered at $575,000. For more photos, information, and a 3D virtual walkthrough, please visit 3833 Arrowhead Drive, El Dorado Hills, CA 95762.

Saturday, September 10, 2022

New Listing - 8409 Dara Way, Sacramento, CA 95828

This adorable 4 bedroom, 2 bathroom, 1,384sf fixer-upper is the perfect blank canvas for your personal touches and renovation. You will love the light and bright floorplan, spacious living room, indoor laundry area, large bedrooms. Tile flooring throughout living areas. Primary bedroom has an ensuite bathroom with dual sinks, stall shower and large closet. Attached 2-car garage. HUGE backyard with lots of sunny space to garden or play. The possibilities are endless! Location location location, with close proximity to public transportation, shopping, restaurants, Elk Grove Unified K-12 schools, parks, convenient freeway access, and more! Don't wait! Offered at $349,900. For more photos and a 3D virtual walkthrough, please visit 8409 Dara Way, Sacramento, CA 95828.

Friday, August 19, 2022

Ranked in the Top 5% of Realtors by Homesnap for the first half of 2022

Homesnap released out its mid-year agent rankings this week, and apparently for the first half of 2022 I am ranked in the Top 5% -- which is their highest tier. Pretty cool. It has been a busy year thus far and I appreciate my clients for their trust in the home buying or selling process.