|New Listing - 137 Mike Gartrell Circle, Sacramento, CA 95835|
|Spacious single story 3 bedroom, 2 bathroom, 1,733sf home in Regency Park Natomas! You will love the custom interior paint, vaulted ceilings, lots of natural light and open feel, formal dining area, kitchen with stainless appliances, 5-burner gas stove and convection oven. Large master suite with walk-in closet, ensuite bathroom with double sinks, large sliding door leading to the backyard. Close to recreational bike trails, parks, restaurants, retail, freeways, and Sacramento International Airport. Don't wait! Offered at $375,000 subject to lender approval of short sale. For more photos and a virtual tour visit 137 Mike Gartrell Circle, Sacramento, CA 95835.|
|How to fill out a Short Sale Addendum|
|I have a new short sale listing coming on the market in the next few days, and it seems that over the last few years, other agents and buyers have forgotten how to do them. In the time period from 2007 - 2012 or so, it seemed like ALL my listings were short sales. I know them backward and forward, how different types of short sales work, how different mortgage companies and banks process them, and more. Short sales are not a huge part of our Sacramento real estate market anymore...but they are still out there.|
So - here is a primer on how to fill out a Short Sale Addendum (C.A.R. Form SSA) and what it means to buyers and sellers.
First, this form must accompany any offer on a short sale listing. This document establishes that the property is being sold subject to the mortgage company's approval of a payoff for less than the amount owed, defines timelines and other parameters in conjunction with the Residential Purchase Agreement. Generally, the SSA discloses that there is no guarantee of approval, that the buyer and seller pay incur costs that are not recoverable in the event the mortgage company(ies) does not approve the transaction, and that the parties may want to obtain tax or legal advice. Aside from that, there are three fillable components that may change the dynamic of the short sale transaction that I want to cover.
Paragraph 1A: SHORT SALE APPROVAL - this timeline indicates the period in which the buyer is willing to wait for the mortgage company to provide written approval for the short sale. This timeline commences upon the seller's acceptance of the offer, and the buyer MUST wait during this timeframe for a response from the mortgage company. In other words -- the buyer CANNOT cancel prior to the timeline in this contract simply because the buyer gets tired of waiting. There may be other contingency timelines that permit cancellation before this period expires, but otherwise the buyer is in contract with the seller and is obligated to wait it out. For a seller of a short sale, you want this timeline to be as long as possible. As a short sale listing agent, I like to see a minimum of 60 days. Ideally the short sale will not take that long for mortgage company approval, however short sale timelines are a bit of a moving target.
Paragraph 2: TIME PERIODS - this indicates when the buyer's contractual contingency timelines will begin. Checking the box for "shall begin as specified in the agreement" is what I prefer as a listing agent. This means that buyer investigation contingencies, appraisal contingencies, loan contingencies, etc. all would begin once the seller accepts the offer (which is BEFORE the short sale mortgage company consents to the short sale). As a short sale listing agent, I want the buyer to conduct inspections, appraisal, loan underwriting, etc. right away. If this box is unchecked, then the buyer's timelines do not start until the mortgage company has issued short sale approval. The sooner the buyer removes contingencies, the better. If timelines do not start upon seller acceptance, then it is possible for the buyer to walk away after we have short sale approval. We do not want to get several months into a short sale and lose the buyer over something relating to condition of the home. If a buyer cancels we want that to happen early so we do not have to take too many steps backward before moving forward again.
Paragraph 3: BUYER'S DEPOSIT CHECK - this indicates when the buyer's initial deposit should be held in escrow. Checking that box for "as specified in the agreement" is what we want to see. This means that within 3 business days of seller acceptance, the buyer's initial deposit is held in escrow (which again is BEFORE the short sale mortgage company consents to the short sale). As a listing agent, I want to see this for a few reasons. One, if the buyer is willing to do this, it indicates they are serious buyers! Two, if the buyer gets sick of waiting and wants to move on, they will want their deposit back. If escrow is not holding a deposit, the buyer can move on and simply never tell us. That would be bad. Three, holding the buyer's deposit upon seller acceptance looks fantastic to the short sale mortgage company. Four, if the buyer removed contingencies (as we discussed in paragraph 2) and then decide before the timeline in paragraph 1A is over, then the seller may have the right to retain the deposit.
Not all buyers of short sales are willing to do all three of these things I recommend. In non-competitive situations, many buyers will not agree to do all of these things...in multiple-offer situations, often buyers will agree. It is all negotiable. Hope that helps!
|New Listing - 6308 & 6310 Blackstar Drive, Citrus Heights, CA 95621|
|Excellent real estate investment opportunity with this well-maintained Citrus Heights duplex. Convenient and high-demand location. This property is a 2 bedroom/1 bathroom/1-car garage and a larger 2 bedroom/2 bathroom/1-car garage duplex. Spacious units flow nicely with lots of living space, open layouts, big bedrooms, ample storage, and private backyards. 6308 has brand new flooring and fresh paint. Reports, income/expenses, and maintenance records available. Located near shopping, public transportation, parks, schools, and I-80. Offered at $345,000. For more photos and detail, please visit 6308-6310 Blackstar Drive, Citrus Heights, CA 95621.|
|New flooring and fresh paint can be a huge improvement and help maximize your selling price when preparing a home for sale...|
|Often, I list property for clients where the home has been occupied for many years and then is vacated before the listing goes on the market. Perhaps the seller purchased another home first, moved out, and then listed the home. Or in other scenarios, the property was occupied by tenants who did not leave the home in stellar condition. Whatever the case, sometimes after a long term occupant, a vacant home will not look or smell its best.|
Case in point: in an upcoming investment property
listing, the tenants
vacated the property after living there 8 years. I viewed the property while the tenants were still living there and thought to myself that once they moved out the unit would probably just need a deep cleaning and would ready for market. It became clear after they moved out though, that the unit needed more than a deep cleaning. Their possessions masked the rips and stains in the carpet, and there was a distinct pet odor that remained. Also, after 8 years the white walls were really dingy.
live out of the area, so I met my go-to contractor
at the home and he bid replacing the flooring and repainting the interior, among a few other repairs
. The before and after differences are amazing! The unit is now ready for occupancy, whether by a new owner occupant or new tenant.
It does not always make sense to make improvements
to a home before listing it though...depending on numerous variables, such as the target buyer
for the property, overall condition of the home, the location of the property, and overall market conditions
, a seller
might be better off selling the property in its current condition. I of course help advise my clients accordingly. It is my goal to maximize the return on any pre-sale repairs
or improvements, and sometimes that means it does not make sense to do much, if anything. Or, as in this case, spending some money up-front should yield a three-fold return on the investment with a much higher selling price
|New Listing - 2616 Cleat Lane, Sacramento, CA 95818|
|Popular, sold-out floorplan in The Mill at Broadway is available! 2 bedrooms + den, 2.5 bathrooms, 1,451sf detached home in cool newer Land Park community! You will love the kitchen with quartz counters, stainless appliances, built-in wine fridge and bar area, high-end laminate flooring, stylish light fixtures, downstairs den or possible 3rd bedroom, upstairs loft, both bedrooms have ensuite bathrooms. Energy saving features include 1.5kW owned photovoltaic solar system, tankless water heater, ductless HVAC. 2-car attached garage, big patio and large upper balcony. HOA dues $90/month. Newer construction from 2016 within close proximity to Land Park, Broadway District, Bike Dog Brewing, Selland's, transportation and more! Offered at $469,900. For more photos and information visit 2616 Cleat Lane, Sacramento, CA 95818. Don't wait!|
|Do you have a home for these buyers?|
|It's January in Sacramento. And it is that wonderful time of the year when home buyers decide to jump-start their home searches, and sellers start to prep their homes for sale...the perfect storm when buyers are ready to go, but there is very little housing inventory on the market for buyers to choose from. Which brings me to today's post...do you have a home that you would like to sell that my buyers would like to buy? I am working with some really well-qualified (pre-approved!), amazing people...|
Seeking a home in the Arden/Arcade or Carmichael areas. Ideally 4 bedrooms (3 bedrooms could also work if there is a separate living and family room, or home office space), 2 or more bathrooms, and 1,800sf or more. Energy efficient features are a plus. A swimming pool would be a huge plus, though not a must have. They would also like a home with good southern exposure to add solar (or could assume an existing solar lease). They are pre-approved for up to $540,000.
Seeking a home in the Citrus Heights, Fair Oaks, or Orangevale areas. Ideally 3 bedrooms, 2 bathrooms, and 1,400sf or more. They would like a decent-sized yard and are not afraid of something that is dated or needs a little cosmetic TLC. They are pre-approved up to $300,000.
Seeking a condo in the Pocket/Greenhaven, Elk Grove, or South Sacramento areas. Ideally 2 bedrooms, 1 or more bathrooms, and 900sf or more. They would prefer an attached or detached garage, but covered parking is also ok. They are pre-approved up to $180,000.
Seeking a home in the East Sacramento, Land Park, Elmhurst, or Midtown Sacramento areas. They would prefer something with architectural character. They would love a 3 bedroom home, but would be ok with a 2 bedroom home. They would love a second bathroom too but realize that's a tall order. Off street parking is a must, and a garage is a huge plus. They are pre-approved up to $460,000.
So anyway, if you own a home something like what I have described here, drop me a line at firstname.lastname@example.org or 916-342-1372! My buyers would love to hear about it.
|What does the new Tax Reform Bill mean for home buyers, sellers, and homeowners?|
|A few weeks ago, right around Christmas and just before the end of the year, the president signed the final version of the Tax Cuts and Jobs Act of 2017. The legislation -- two separate bills -- was advanced in both the United States House of Representatives and the United States Senate pretty quickly, then elements of the two bills were blended together (via a process known as "conference"), resulting in a final bill...|
Regarding tax implications for homeowners, several items were on the table for pretty significant changes in both bills. And for a while it was difficult to determine what actually made it into the final bill that was signed into law.
Now that the chips have landed -- here is a summary of what is in the final bill that will affect residential home buyers, home sellers, and homeowners.
Capital Gains Exemption on the Sale of a Primary Residence
The good news here for sellers is the final bill had NO CHANGE. For as long as I can remember, the law has been that up to $250,000 (for individuals) or $500,000 (for married couples) of the gain (aka profit) from the sale of a primary residence is exempt from capital gains tax, provided that you have lived in the home for at least 2 out of the last 5 years. Both of the original House and Senate bills sought to change this timeline for exemption to 5 out of the last 8 years. This would have placed a huge hardship on many homeowners. Life happens, and many people look to sell and move into larger homes, downsize, or relocate after a short time in a home...so thankfully that change was not part of the final bill, and homeowners can still sell and take their equity with them, untaxed to those amounts, after 2 years.
Mortgage Interest Deductibility for Primary Residences
The good news here is that the final bill only capped tax write-off for mortgage interest at loan amounts of $750,000 or less. The original House bill sought to cap the mortgage interest deduction at loan amounts of $500,000 or less (in fact you may recall I made an appearance on the KCRA News when the original bill was announced). Overall this is still a reduction from the $1,000,000 cap that had been in place for as long as I can remember...though at $750,000 that will not affect too many people purchasing homes in the greater Sacramento region. Our current median home price in Sacramento County is in the mid-$300k range. For those with pre-existing home loans between $750,000 - $1,000,000 -- you are grandfathered in and may still write-off that mortgage interest. Also of note is that interest on home equity lines of credit (HELOCs) is no longer deductible, however it is still deductible on home equity loans (aka, second mortgages). Clear as mud, yes?
Mortgage Interest Deductibility for Second Homes
The good news here is that the final bill did not eliminate the mortgage interest deduction for second homes! The original House bill would have completely eliminated the mortgage interest deduction for second homes (aka vacation homes).
So that is enough information to use as a guideline. The National Association of Realtors also published a detailed Q&A which you can refer to here. Please be sure to confer with your CPA to determine how these things apply specifically to your situation.
|Lady Bird - Greta Gerwig's love letter to Sacramento (and did you notice she visited a Dunnigan Realtors open house!?)...|
|I have seen the movie Lady Bird twice...and not only is it a great movie, it paints a lovely portrait of Sacramento. What Sacramentan doesn't love the Fabulous 40's neighborhood? The McKinley Park Rose Garden? The Tower Theater? Gunthers Ice Cream? The Raven? You know you love the dirty bird. I could go on...|
I am a little older than the Lady Bird character, who was a senior in high school in 2002 (I graduated in 1996), but I can totally relate to wanting to get out of Sacramento
at that age.
I didn't, and ended up attending California State University, Sacramento
and graduated in 2001. I left Sacramento as soon as I graduated from college though, and moved to San Jose, CA for exactly one year (a 12-month lease where I rented a 10x10 room in a house for $800/month...I hated it there) before moving back as quickly as I could in late 2002. Thankfully my employer at that time allowed me to telecommute from my Sacramento home
. I obtained my real estate license
a couple years later and the rest is history. And Sacramento has grown up a lot
in that time. Candidly, I love it here.
It was also cool to watch the Golden Globes this evening, see Lady Bird win Best Musical/Comedy, Saoirse Ronan win Best Actress Musical/Comedy, and to hear Greta Gerwig thank Sacramento
for giving her wings was the icing on the cake.
|The monthly costs of renting a home versus buying a home in Sacramento - how do they compare?|
I have kicked off the beginning of the last few years with blog posts
about the costs of renting versus buying a home in Sacramento
. It's not a big secret that apartment and single family home rents in Sacramento are increasing. According to a recent article from the Sacramento Bee
, rents in Sacramento
from mid-2016 to mid-2017 increased on average 9.9%.
Last year, many of my clients stated one of their reasons for buying a home
was, among many other things, so they could take more control over their monthly housing expenses. Many figured that if they remained renters, they would potentially have to deal with regular rent increases, and if they purchased their home
the monthly mortgage would be a fixed expense. Additionally in many cases, the cost of purchasing a home
is actually less than the cost of rent.
So today, as I have before, I thought I would break down a few home purchase scenarios by zip code.
- The rental rate data I refer to is the average for a 3-bedroom single family home according to Rent-o-Meter, which compiles rental data from around the United States from a variety of sources. I also note the "80% range". So keep in mind there are lower rents in the range, as well as higher rents, however those are probably "outliers" and that range captures the majority of where rents fall.
- The median home price data I refer to is from November 2017 (most recent data available) per Trendgraphix, which compiles Metrolist MLS home sales data.
- For estimating the monthly payment, I am using today's market interest rates - which according to Freddie Mac, the average rate for last week in the nation for a 30-year fixed mortgage was 3.99% (rounded up to 4%). The monthly payment will be the "fully loaded" payment with principal, interest, property taxes and homeowners insurance (and mortgage insurance if applicable).
Carmichael - 95608
Median single family home price: $374,000
Average rent for a 3 bedroom home: $1,784 (80% range $1,395 - $2,195)
30-Year Fixed VA Loan (zero downpayment): $2,237
30-Year Fixed FHA Loan (3.5% downpayment): $2,419
30-Year Fixed Conventional Loan (10% downpayment): $2,233
30-Year Fixed Conventional Loan (20% downpayment): $1,895
Citrus Heights - 95610
Median single family home price: $325,000
Average rent for a 3 bedroom home: $1,756 (80% range $1,450 - $2,100)
30-Year Fixed VA Loan (zero downpayment): $1,944
30-Year Fixed FHA Loan (3.5% downpayment): $2,111
30-Year Fixed Conventional Loan (10% downpayment): $1,931
30-Year Fixed Conventional Loan (20% downpayment): $1,647
Orangevale - 95662
Median single family home price: $368,000
Average rent for a 3 bedroom home: $1,792 (80% range $1,525 - $2,000)
30-Year Fixed VA Loan (zero downpayment): $2,202
30-Year Fixed FHA Loan (3.5% downpayment): $2,382
30-Year Fixed Conventional Loan (10% downpayment): $2,187
30-Year Fixed Conventional Loan (20% downpayment): $1,865
Elk Grove - 95758
Median single family home price: $380,000
Average rent for a 3 bedroom home: $1,724 (80% range $1,550 - $1,950)
30-Year Fixed VA Loan (zero downpayment): $2,273
30-Year Fixed FHA Loan (3.5% downpayment): $2,457
30-Year Fixed Conventional Loan (10% downpayment): $2,258
30-Year Fixed Conventional Loan (20% downpayment): $1,926
Land Park / Curtis Park - 95818
Median single family home price: $486,000
Average rent for a 3 bedroom home: $2,313 (80% range $1,725 - $3,000)
30-Year Fixed VA Loan (zero downpayment): $2,907
30-Year Fixed FHA Loan (3.5% downpayment): $3,124
30-Year Fixed Conventional Loan (10% downpayment): $2,888
30-Year Fixed Conventional Loan (20% downpayment): $2,463
Tahoe Park / Tallac Village / Colonial Heights - 95820
Median single family home price: $260,000
Average rent for a 3 bedroom home: $1,568 (80% range $1,295 - $2,000)
30-Year Fixed VA Loan (zero downpayment): $1,555
30-Year Fixed FHA Loan (3.5% downpayment): $1,702
30-Year Fixed Conventional Loan (10% downpayment): $1,545
30-Year Fixed Conventional Loan (20% downpayment): $1,318
Rosemont / College Greens - 95826
Median single family home price: $325,000
Average rent for a 3 bedroom home: $1,652 (80% range $1,450 - $1,900)
30-Year Fixed VA Loan (zero downpayment): $1,944
30-Year Fixed FHA Loan (3.5% downpayment): $2,111
30-Year Fixed Conventional Loan (10% downpayment): $1,931
30-Year Fixed Conventional Loan (20% downpayment): $1,647
Pocket / Greenhaven - 95831
Median single family home price: $406,000
Average rent for a 3 bedroom home: $1,835 (80% range $1,550 - $2,213)
30-Year Fixed VA Loan (zero downpayment): $2,429
30-Year Fixed FHA Loan (3.5% downpayment): $2,620
30-Year Fixed Conventional Loan (10% downpayment): $2,413
30-Year Fixed Conventional Loan (20% downpayment): $2,058
Arden / Arden Park / Sierra Oaks - 95864
Median single family home price: $460,000
Average rent for a 3 bedroom home: $1,775 (range $1,395 - $2,695)
30-Year Fixed VA Loan (zero downpayment): $2,752
30-Year Fixed FHA Loan (3.5% downpayment): $2,960
30-Year Fixed Conventional Loan (10% downpayment): $2,743
30-Year Fixed Conventional Loan (20% downpayment): $2,331
These numbers are just a baseline to give you an idea of housing affordability in certain areas, and where it might make sense to purchase versus continue to rent. There are other tangible and intangible benefits to homeownership as well. For example, you may be able to deduct mortgage interest, property tax, and other expenses on your annual income tax return (consult your CPA). Additionally as a homeowner, you will have the freedom to decorate as you choose, plant a garden, remodel, and customize your home in other ways that might not make sense as a renter. I picked these zip codes at random...if there is another area that interests you, I would be happy to provide information specific to your situation.
|How to pre-pay your Sacramento County property tax before the end of 2017|
|Some Sacramento homeowners may benefit by paying the second installment of their property taxes now, early, instead of waiting until April when payment becomes due. The Sacramento County Tax Collector's office suggested that people wanting to make an early payment should not mail payment, and instead visit their offices and make payment in person.|
It is also easy to make a payment online if you want to save yourself the trouble driving downtown to H Street, paying to park, and waiting in line. There is a small convenience fee for using a credit or debit card. There is no fee for using an electronic check. The website to make an online Sacramento County property tax payment is https://eproptax.saccounty.net. Simply enter your address, then click the link on the left to "Pay Tax Bills Online." Then you will check the box next to the amount under "Installment 2". Then click "Pay Now".
The new "tax reform" bill, which was passed by congress and signed by the president last week, makes some key changes to the deductibility of property taxes. For those who itemize their tax deductions, in most cases property taxes used to be fully tax deductible, however under the new legislation there will be a $10,000 cap in the deductibility of state/local taxes and property tax combined.
My husband and I pre-paid our second installment of property taxes for our home using the free e-check option so we can deduct the full amount this year...our property taxes aren't all that high, but we definitely pay a lot of state income tax. In 2018, we will likely exceed the new $10,000 cap with state/local taxes and property tax combined.
Please be sure to consult with your CPA or other tax professional before paying early...
|2017 - my real estate transaction statistics and how I compare to Sacramento market averages...|
|I closed what will likely be my final real estate transaction of 2017 yesterday - not that I have any shortage of work to do between now and the end of the year! 2018 is shaping up to be extremely busy as well.|
I like to track the statistics of my transactions, and toward the year end I always reflect on what I have done, how I compare to the rest of the agents in the market, and how I can improve. So for the sake of transparency, I thought I would post some statistics and my thoughts on the coming year. Keep in mind, I am not a part of a "team" and this is all my own production. This year, all of my transactions are in Metrolist MLS, so this information is easily verifiable...in 2017:
-I closed 38 transactions and closed $13,448,865 in volume. My lowest transaction was $95,000, and my highest transaction was $815,500. The average was $353,917 and the median was $334,500.
-65.8% of my transactions were past/repeat clients (which is amazing to me!) 34.2% were new clients.
-81.6% of my transactions were residential properties (condos, single family homes), 15.8% were multi-family properties (duplexes, triplexes, fourplexes), and 2.6% were other (commercial, land).
-57.9% of my transactions I represented the seller, while 42.1% of my transactions I represented the buyer.
-My typical residential listing sold for an average of 101.64% of its original listing price (meaning, 1.64% over the original listing price) in just 11.55 cumulative days on the market. The distinction of original and cumulative is important...original means even after a price reduction from the initial listing price, and cumulative means even if a property is re-listed or comes back on the market.
-My typical multi-family listing sold for an average of 101.4% of its original listing price (1.4% over the listing price) in just 6 cumulative days on the market.
-My typical listing had an average of 3.8 buyer offers on it!
Comparing these statistics to the overall Sacramento real estate market averages, I had a stellar year.
For one, to qualify for the Sacramento Association of Realtors Masters Club, a realtor must close $5M in transaction volume and a minimum of 8 closed transactions. Clearly I blew those numbers out of the water. I would guess that with 38 closed transactions and nearly $13.5M in volume I am likely in the top 1-2% of all agents in greater Sacramento.
My clients are all over the spectrum from first-time buyers, move-up buyers (those who sell their home and then purchase another home), investors, sellers of property they inherited via a trust or probate, sellers retiring and moving out of the area, sellers divorcing, etc. My average and median transactions at $334,500 and $353,917 are right in line with the average and median home prices in the Sacramento region according to Trendgraphix data. My high and low range indicates I work with a broad economic client spectrum as well, from those working with downpayment assistance to those among top-income earners in the region. Unlike past years, I did not close any short sale listings in 2017 (though I do have a short sale listing that is pending/approved, and scheduled close in 2018). Distressed properties are a very small part of the marketplace right now though just a few years ago they were the bulk of my transactions.
My listing statistics are also excellent...according to Trendgraphix for Sacramento County, the lowest average days on market for a single family listing in the last 14 months was 19 days on market, versus my listings at 11.55 cumulative days on market. My original listing price versus final selling price ratio is also outstanding as my listings sell for 101.64% above original listing price on average, versus the highest month of the last 14 months at 100%. I think these numbers are indicative of my strategic approach to listing property -- complete with pre-listing inspections, staging, repairs, professional photography, 3D virtual tours, and multi-faceted marketing.
Of course I hope to improve these numbers next year in 2018...so we shall see how that shapes up! If you think we would be a good fit to work together toward your next property sale or purchase, I welcome your contact via phone or email.
|What needs to be removed from a home before the close of escrow?|
|Sometimes sellers, in their haste to move out, decide to "gift" to the buyers some of their personal property. And when I say "gift" what I really mean is - they can't fit all of their stuff into the U-Haul, or are too lazy to remove the junk from the garage and make that final dump run, or they think because the house wasn't fully cleared out when they bought it as a bank repo they can just leave it in a sub-par state for the new owners. WRONG. Sellers are contractually obligated to remove all debris and personal property prior to closing.|
A seller's "gift" is often a buyer's unwanted crap that they then have to remove, donate or dispose of. I recently had a seller client who left all kinds of stuff in the property despite our conversations that they would remove everything and have the home cleaned and ready to go...escrow closed, buyer got the keys and was really upset. And rightfully so.
The buyer's agent called me to make me aware of the situation. Of course I was horrified. I had to have a pretty blunt conversation with my seller (which candidly, I never want to have to do) to emphasize that what they did was not ok and they needed to take responsibility to correct this situation. Needless to say, they paid someone to come and remove the junk-- and probably paid a lot more to have that done on short notice after the fact than they would have if they had proactively done it before they moved out.
A little planning is the key to an less stressful move-out. And I have a lot of go-to people who can help off-haul junk, clean, or whatever. Ask me for help! It is a hectic time for sure. However, a seller's poor planning is absolutely NOT the buyer's fault. And no matter which side of the transaction I am on, I will do my very best to ensure that the property is turned over to the buyers in the condition it should be.
|Measure twice, cut once...or in this case order the right size doors once...|
|I was showing a really nicely renovated Antelope home to a buyer client the other day, and wanted to take a look inside the fireplace. That's something I routinely do, looking for evidence of cracks inside the firebox area and other things...the doors of the fireplace were open and pushed to either side. When I was done looking inside the fireplace, I went to shut the doors. Ooops! They don't exactly fit this space. Sounds like a request for repairs in the making.|
|New Listing - 1018 Lochbrae Road, Sacramento, CA 95815|
|Adorable 3 bedroom, 1 bathroom, 1,220sf Woodlake home! You will love the spacious layout, large living space, fireplace with gas insert, gleaming wood floors throughout, remodeled kitchen with stainless appliances, tile flooring, cherry cabinets, remodeled bathroom with dual sinks, lots of storage space! Energy efficient features such as dual pane windows, whole house fan and central heat and air. Huge backyard with shed. Sewer line was replaced in 2011. Composition roof with 2-year certification. All this and just a 10 minute commute to Downtown Sacramento! Located in the vibrant Woodlake community near parks, schools, and public transportation. Don't wait! Offered at $299,900. For a 3D virtual tour and more information, please visit 1018 Lochbrae Road, Sacramento, CA 95815.|
|New Listing - 4320 20th Avenue, Sacramento, CA 95820|
|Adorable, well-loved 2 bedroom, 1 bathroom, 888sf Oak Park home is ready for a new owner and is the perfect blank canvas for your personal touches. You will love the wood floors, spacious living room, cozy fireplace, attached 1-car garage, composition roof, all on a large corner lot. Located near public transportation, parks, schools, and just down the street from a community center. Don't wait! Trust sale. Offered at $185,000. For a 3D virtual tour and more information please visit 4320 20th Avenue, Sacramento, CA 95820.|
|Featured in a KCRA3 story about the federal tax reform proposal...|
|The new federal tax reform proposal was announced this week, and there are some major ramifications for homeowners if this passes in its current form. I was interviewed by KCRA 3 News specifically regarding the proposed cap on the Mortgage Interest Deduction (MID).|
Under current tax law, homeowners may write off mortgage interest on mortgages up to $1,000,000. The new tax proposal seeks to reduce this to mortgages up to $500,000. So what's the big deal about this? California is a "high cost" state...While the current median home price for September 2017 in Sacramento County is $348,000, there are plenty of higher priced areas in and around Sacramento, such as Davis, El Dorado Hills, Granite Bay, East Sacramento, Land Park, Arden Park, Sierra Oaks, and others.
Additionally, the median home price for the entire state of California is $555,410. That means that more than half of all home sales in California are more than $555,410. That means that potentially more than half of all home sales in California may be affected by this cap and owners potentially will suffer some reduction of mortgage interest deductibility.
I would urge you to research the tax plan and ask your congressional representative to reconsider elements of the plan that may adversely affect homeownership. View the news story here.
|Why I hire a professional photographer for my listings...|
|Recently I was with a professional photographer at one of my listings as we were readying it to hit the market, and just for fun I decided to take a couple photos of the house myself just to compare to the professional pics side-by-side. There's no comparison: my photographs are lame. The lighting is inconsistent, there is this bleary quality around the windows, the composition is not ideal, and the rooms totally look small.|
The professional photographers I hire to shoot my listings are amazing. It is SO critically important in marketing a home to have amazing photos -- we want a buyer to emotionally connect with a home before they ever set foot inside. Good photos generate excitement, and excitement generates lots of showings, and lots of showings generates offers.
|How to blow up your house...|
|Step one: hook a flexible gas line up to both your water heater and dryer.|
Step two: 😖
Sometimes I wonder what goes through people's minds when they do really goofy do-it-yourself home repairs. Like this. I saw this showing property in Fair Oaks. Seriously?
|New Listing - 5914 34th Avenue, Sacramento, CA 95824|
|Cute Fruitridge Manor 2 bedroom, 1 bathroom, 1126sf home! You will love the spacious layout, updated kitchen with tile counters and new flooring, updated bathroom, laminate floors, custom fireplace, wood-beamed ceilings, big bonus room could be 3rd bedroom, home office, or den! Composition roof, central heat and air, water heater, and dual pane windows have all been replaced within the last year. Large detached garage. Big backyard is perfect for entertaining, newly landscaped with a fun fire-pit, and plenty of sunny space to garden or play. Don't wait! Offered at $249,900. For more photos and a 3D tour, please visit 5914 34th Avenue, Sacramento, CA 95824.|
|New Listing - 2921 Heron Way, Sacramento, CA 95821|
|Adorable and lovingly maintained Arden Arcade home is the perfect blank canvas for your personal touches! You will love the spacious layout, large living room with cozy fireplace and built-in shelving, formal dining room, charming kitchen with lots of cabinet space and huge pantry, large bonus room would make for a great den, home office, or 4th bedroom. Covered deck is the perfect place for fun gatherings, large sunny yard has plenty of room to play or garden! Newer HVAC, 2-year roof certification, and central vacuum system. Don't wait! Trust sale. Offered at $239,000. For more photos and a 3D virtual tour, visit 2921 Heron Way, Sacramento, CA 95821.|
|New Listing - 6304 & 6306 Blackstar Drive, Citrus Heights, CA 95621|
|Excellent investment property opportunity with this well-maintained Citrus Heights duplex. Convenient, high-demand location. 6304 Blackstar Drive is a 2 bedroom, 2 bathroom unit with a 1-car garage (rent $1,150/month), and 6306 Blackstar Drive is a 2 bedroom, 1 bathroom unit with a 1-car garage (rent $975/month). Spacious units flow nicely with lots of living space, open layouts, big bedrooms, ample storage, and private backyards. Reports, maintenance, and income/expense records available. Located near shopping, public transportation, parks, schools, and I-80. Offered at $338,000. For more photos and additional information, please visit 6304-6306 Blackstar Drive, Citrus Heights, CA 95621.|
|How not to stage a vacant home...|
|Here is a solid example of how NOT to stage a vacant home. Because no matter how much you dress up a crappy card table and folding chairs, it will still look like a crapping card table and folding chairs, randomly slapped down in the middle of a room.|
Staging should help buyers visualize use of space. Not give them fodder to belittle the house.
|New Listing - 1371 Jonas Avenue, Sacramento, CA 95864|
|Wonderful 4 bedroom, 3 bathroom, 2,476sf home is ready for a new owner. You will love the remodeled kitchen with white cabinets, granite counters and stainless appliances, spacious living room with cozy fireplace, wood flooring. Backyard is an outdoor oasis with built-in swimming pool and park-like 0.5ac lot with lots of sunny space to garden and play! Huge 3-car detached garage and circular driveway offers plenty of accessory space and parking. Located near parks and K-12 schools, short distance to Sacramento State. Offered at $475,000 subject to lender approval of short sale. For more photos please visit 1371 Jonas Avenue, Sacramento, CA 95864.|