Thursday, July 28, 2016

New Listing - 809 Crestwater Lane, Sacramento, CA 95831

Lovely ground floor single level 2 bedroom, 2 bathroom, 1,047sf Greenhaven condo / PUD! You will love the light & bright floorplan, new carpet & freshly painted interior, new light fixtures, dual pane windows & sliding doors, skylights, remodeled hallway bathroom with new tub/shower combo, new vanity, counter, sink, and flooring. Large master retreat with large closet and updated ensuite bathroom. Central heat & air, 2-car attached garage, multiple private patios. Close to shopping, public transportation, river, freeways & more! Don't wait! Offered at $175,000. FHA and VA loans ok. For more photos and information visit 809 Crestwater Lane, Sacramento, CA 95831.

Tuesday, July 19, 2016

My husband and I are total craft beer nerds...

So the day after our 3rd wedding anniversary last week, my husband Greg and I sat down at Twelve Rounds Brewing with Sacramento Bee writer Blair Anthony Robertson to discuss the local Sacramento craft beer scene. We were quoted in an article in his "Beer Run" column the following week. You can read that article here.

Greg and I are pretty nerdy when it comes to tasting craft beer. Not only have we hit all the breweries in the greater Sacramento area, but when we travel outside the area, we hit the local breweries in our destination cities as well. As of today we have nearly 200 pins in our United States craft brew map...we just returned from San Diego where we visited 19 breweries, and next month we will be in Salt Lake City for a few days and plan to hit all of the breweries there as well. It's fun! We brew at home too, but that's another post for another time...

Thursday, July 14, 2016

Is your house a 1970's throwback? A small investment in neutralizing the decor may payoff for home sellers...

Often times I list property for folks who have lived in their homes for decades, or for a family who inherited property from long-term owners. Homes that have been well loved and well lived-in are often in good shape structurally, however cosmetically they tend to be a little dated. Sometimes it makes sense for the sellers to invest a little money in neutralizing some of these things before selling a home.

It doesn't always make sense to make improvements to a home before putting it on the market though. Depending on numerous variables, such as the target market buyer for a property, the overall condition of the home, the location, and just how pervasive the cosmetic dating is will play into what, if anything, it makes sense to improve.

These are options that I review with the sellers so that they get the most bang for the buck -- flooring and paint tend to get a really good return on the investment, and generally spending a few thousand dollars yields a much higher return in property value and a higher selling price. The home will photograph better, and have a more wide appeal to the target market with neutral colors, and will ultimately be more turn-key for the new owner.

After strategizing different ideas with the sellers of this particular property shown in the photos, they decided it was worth the investment to scrape the wallpaper, paint the walls, replace the shag carpet, and replace the vinyl flooring.

Not every seller has the resources to do improvements to a home before selling it, and not all improvements will have a positive return, but generally neutralizing a property with very distinct outdated décor will payoff.

I have a full slate of contractors and suppliers who can assist as well. Often times folks who are selling homes under these circumstances live or have relocated outside of the Sacramento area, and I have lots of experience helping to get bids and facilitate this work from afar.

Wednesday, July 13, 2016

These mortgage interest rates tho...

When I bought my first house in 1998, I was absolutely elated to get 7.125% interest on my 30-year fixed conventional loan. That was a super great interest rate at the time...during the 11 years I have been a Realtor in Sacramento, rates have bounced around quite a bit...I'd say during my tenure as an agent, on average they have been in the 5% range with times they have bounced up to the high 6% range, and times they sank into the 4% and high 3% range. There have been a handful of times where rates were in the mid-3% range. RIGHT NOW is one of those times where rates are in the mid-3% range. Holy crap!!

Even in January of this year, when my husband and I bought our current house, we were super excited to get 4.125% for a 30-year fixed conventional loan.

So when I say today's mortgage interest rates are amazing -- I mean it. Lower interest rates means lower mortgage payment. For example, if my husband and I could have gotten 3.625% instead of the 4.125% rate, our monthly payment would be approximately $85 lower. That's significant!

If you are in the market for a home purchase, these rates fluctuate on a daily basis...I'm not sure if this is a blip, or if global anxiety about Brexit will keep these interest rates low for a while. So talk to your lender and come up with a good strategy for locking your interest rate. FYI you can not lock your rate until you are actually in contract to purchase a home. And of course keep in mind, the rate you qualify for will largely depend on the type of loan you are getting, your downpayment, and credit score, etc.

And if you own your home already, it may be an opportune time to refinance. If you need to be connected to a great lender, I can refer you to someone...

Tuesday, July 12, 2016

What NOT to do to get your offer accepted...

One of my new listings that came on the market last week ended up with multiple offers over the weekend. Of the eight offers I received, 3 of them contained errors, or were just poorly written by the buyers' agent. Sadly, most buyers don't know how to tell if their agent has done a good job for them in this regard...and its lame for buyers to have the chances of their offers being accepted greatly reduced, especially in competitive situations, because they have an inexperienced or sloppy agent.

Without getting into the weeds of the California Residential Purchase Agreement contract, I will just point out a glaring example of what I mean. What's missing from this screenshot? Yep, the price. Just how much is this buyer offering for the home? My crystal ball tends to be hazy. Perhaps I should just take the liberty to fill in? Perhaps this buyer wants to pay ONE MILLION DOLLARS? (insert my best Dr. Evil voice with pinky finger pointed to the side of my pursed lips)

Probably not. Needless to say, this buyer's offer was not accepted for this house. Though I did reply to the agent and ask them to rewrite and submit the offer.

Thursday, July 7, 2016

New Listing - 10757 Campana Way, Rancho Cordova, CA 95670

Cute 3 bedroom, 2 bathroom, 1,300sf Rancho Cordova home on nearly a third acre lot is the perfect blank canvas for your personal touches. You will love the separate living and family rooms, cozy brick fireplace, wood floors throughout, formal dining area. Dual pane windows, central heat and air, attached 2-car garage. Huge yard with covered patio and shed. Short distance to American River access, shopping, public transportation, and K-12 schools such as Riverview Academy, Williamson Elementary, W.E. Mitchell Middle School, and Cordova High School. Don't wait! Offered at $230,000. For more photos and information please visit 10757 Campana Way, Rancho Cordova, CA 95670.

Wednesday, July 6, 2016

New Listing - 2235 Palmwood Court, Rancho Cordova, CA 95670

Adorable 3 bedroom + loft / possible 4th bedroom, 2.5 bathroom, 1742sf home in popular Mills Ranch in Rancho Cordova! You will love the tile and laminate flooring, vaulted ceilings, open light and bright layout, formal dining room, separate living and family rooms, dual pane windows, updated bathrooms, large master suite with walk-in closet, large covered deck overlooks big private back yard. Ideally located in a cul-de-sac, close to American River access, parks, schools, shopping, public transportation, and more. Don't wait! Offered at $279,900. For more photos and detail, please visit 2235 Palmwood Court, Rancho Cordova, CA 95670.

Tuesday, July 5, 2016

Earned the Seniors Real Estate Specialist (SRES) Designation...

As I was completing my continuing education for my real estate broker license renewal, I thought it would be useful to couple that effort with earning a new professional designation - so I earned the Seniors Real Estate Specialist (SRES) designation. It was a great refresher on some of the issues I regularly assist clients and their families with when buying or selling - probate sales, sales via a living trust or an estate, relocation into senior housing, or finding homes that meet the special needs of someone who is aging, etc. And I also thought it was fitting that, while every other designation I have earned emails an electronic certificate of completion, the SRES Council snail mailed a certificate to me.