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Buying a home in Elk Grove: Top 5 things you need to know

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Haven’t found a home to buy in Elk Grove? What are you waiting for?

You have an opportunity to lock in historically low home values and get into a mortgage at an incredible mortgage rate. There is still time to be in your new home by the Holiday Season!

Here are the top 5 things you need to know if you want to buy a home by the end of the year!

1. Get started now!
It can take up to a month to get all your stuff in order to buy a home. Getting pre-approved with a reputable lender could take several days if not weeks depending on your situation. Then we will wan to meet with you to create a strategy for you to get what you want! We have to get all of our ducks in a row, so we can hit the ground running!

1. There will be less buyers to compete with typically at the end of the year.
School is back in session and everyone is back in the grind. Many families currently looking for a home, may find themselves preoccupied for the next month. After that, the Holiday Season tends to get in the way.

A serious buyer will see this as an opportunity. Less compensation means more of an opportunity to buy a good value. The goal is to get you into the homes as they come the market and get your offer in front of the seller first.

3. More sellers are having to make concessions.
Our home inventory in Elk Grove is up 30% from the beginning of the year. This gives you more options because there are more homes to pick from. Sellers at one point, had complete control of the market. There were not enough homes to go around and it created a frenzy, so sellers benefited big time. Now there actually is a negotiation between the buyer and the seller. More and more sellers are doing requested repairs and provide a credit of sort for the buyer for closing costs.

4. More sellers are having to do price reductions!
Many sellers expect to see their home go up in value at the pace it did last year. The truth is, homes are increasing in value at a much slower pace. Right now we are seeing under 8% appreciate rate for Elk Grove, since the beginning of the year.  Many sellers have a price in their mind. Whether or not the real estate market agrees is another thing.

5. Keep the big picture in perspective during negotiations!
If you can get everything you want in a house and you have been looking for a home for 4 months… Is the $2,000 you are squabbling about with the seller really worth it? Find the win win and lock that house down and get your keys.

If you buy a $300,000 house in Elk Grove’s with an appreciation rate of 8%, your home will go up in value approx $2,000 a month. When I go through this example with my clients, it really does help put things in perspective. You are not going to go wrong by buying a home right now.

If you are interested in buying a home in Elk Grove, we’d love to get started! You can call us at (916) 585-3858 or request a consultation online.

If you have a dream… We want to help you give it an address!

 



Give us a call at (916) 585-3858! We can give that dream an address!
If you are thinking about selling a home in Elk Grove or Sacramento - Request your home value now! If you're thinking about buying a home in Elk Grove or Sacramento - Let's meet to discuss your needs!

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Why are you waiting to sell your Elk Grove home?

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Many homeowners in Elk Grove are waiting to sell their home because they are not sure when is the best time to sell.

The truth is, back in 2013 when the market was going nuts, waiting to make this decision benefited homeowners. Prices were going up approximately 30% a year and the market was on fire.

Now that things have settled down, I wonder why so many homeowners are still on the fence. What I realized, is they probably don’t know what is going on.

If you are one of the folks who are on the fence about selling your Elk Grove home, I am writing this for you!

Here are 2 big reasons to get off the fence and get that Elk Grove home sold!

1. There is more competition out there!
There are several other options for a buyer looking in your neighborhood. The house with the most value and in the best shape wins.

Read more about why the condition of your home matters so much in today’s market. Selling your Elk Grove home: Condition matters more than ever >>

2.The Elk Grove real estate market is no longer going up almost 30% a year.
Prices have really flattened out in the last 12 months. Pricing your home competitively is going to be your best chance at getting top dollar for your home.

Read more about what our current appreciation rate is in the area and how it will impact your home value. Elk Grove prices are leveling off >>

Waiting to sell your Elk Grove home, is no longer benefiting you like you might think. Give us a call at (916) 585-3858 or contact us online and we can discuss your specific situation. We will give you real information about your neighborhood and our recommendations for selling your home!



Give us a call at (916) 585-3858! We can give that dream an address!
If you are thinking about selling a home in Elk Grove or Sacramento - Request your home value now! If you're thinking about buying a home in Elk Grove or Sacramento - Let's meet to discuss your needs!

Search for homes now >>
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Home prices in Elk Grove are leveling off

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Homes prices in Elk Grove are starting to level off.

If you look at the graph above you can see home values in Elk Grove back in 2012 and into 2013 were all over the board. Up one month and back down the next, made for one crazy market! Most of that volatility had to do with our lack of home inventory. It caused havoc and Elk Grove home values felt like a constantly moving target.

As you can see, by the middle of 2013 home values started to settle and even out. This began to happen as we had more homes in Elk Grove starting to come on the market, as you can see from the graph below.

elk grove home inventory levels 2014

The Elk Grove real estate market is no longer going up almost 30% a year.

Prices have really flattened out in the last 12 months. Pricing your home competitively is going to be your best chance at getting top dollar for your home. I ran the numbers as of July 2014, we saw a 7.2% appreciation rate for the last 12 months! That a big shift for sellers and forces them to get realistic about their home value.

It’s really important to know what type of real estate market you are entering and how to best position your home.

We get top dollar for our clients through our aggressive marketing plan. If you have been playing with the idea of selling your Elk Grove home, please contact us to schedule an appointment and let’s come up with a strategy to get your Elk Grove home SOLD in a competitive market!



Give us a call at (916) 585-3858! We can give that dream an address!
If you are thinking about selling a home in Elk Grove or Sacramento - Request your home value now! If you're thinking about buying a home in Elk Grove or Sacramento - Let's meet to discuss your needs!

Search for homes now >>
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Selling your Elk Grove home: Condition matters more than ever

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If you are thinking about selling your home in Elk Grove, the condition and price matter more than ever.

Our market has changed and buyers have more options with nicer homes to pick from. It’s important you understand this if you are serious about selling your home.

The inventory has shifted and buyers now expect more.
Over the last 5 years we have seen the type of homes within our home inventory flip flop. In 2009, we had over 75% of all the homes for sale were distressed properties (bank owned and short sales). As of July of 2014, that number in Elk Grove is approx 10% (7.87% short sales and 2.36% are bank owned homes).
REOs-and-Short-Sales-in-Sacramento-County

Why does this matter to a seller with equity in their Elk Grove home?
There was a time when folks with equity could get more for their home. Their homes brought more money because they were in much better shape, when compared to the bank owned and short sale inventory. Now in Elk Grove, 90% of the homes that come on the market are people with equity. Folks who need to net the most money possible for their home. Folks who are not in a distressed situation and can afford to polish up their home to get the most money possible.

How you price your home and how you prepare it for sale matters now more than ever. Back in the  “bank owned days”, buyers were used to homes that needed work, because that was a huge percentage of what was on the market.  They were prepared for the investment of carpet, painting, minor fix ups, and a seller who would not make repairs or concessions. Now that the home inventory as a whole is in better shape, buyers expect more.

As a seller, you need to know this so you can best position your home to attract the most possible buyers. Details matter more than ever. Buyers notice them all believe me!

We are happy to meet with you to discuss the sale of your Elk Grove home. During that visit we will discuss the local real estate market further and identify items that can be improved in order to get you the most possible money for your home.



Give us a call at (916) 585-3858! We can give that dream an address!
If you are thinking about selling a home in Elk Grove or Sacramento - Request your home value now! If you're thinking about buying a home in Elk Grove or Sacramento - Let's meet to discuss your needs!

Search for homes now >>
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Pick your battles when selling your Elk Grove home

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If you have been thinking about selling a home in Elk Grove or surrounding areas, I’d like to give you some advice to get you through the sale of your home. If you are not prepared, you may find the process extremely stressful.

Throughout the home selling process, you will be asked to make concessions. The amount of concessions and bending you will do, will depend greatly on the leverage you have in the transaction. If we were able to get you 3 offers to pick from, you would have more leverage during negotiations because you have options. If you get in a situation where you need the offer, you may have to do more bending.

So to my point of this post…Everyone in the transaction has things that are important to them.

When you’re selling your home, you are most likely emotionally attached to it.  I advise my clients to look at this as a business transaction. At the end of the day, we are here to  get the most money possible for your home. In order to do that, we have to come to full agreement with the buyers in order to close escrow.

It’s possible you will get a request from a buyer that may seem ridiculous, from your point of view, during the home selling process. This could be in the form of a price reduction request, a repair request, or another concession the buyers are asking you to make.

The first thing I do is feel out the other side and look for opportunities to find the win-win. What is really important to them and why? What is a deal breaker? How much will it cost? How much effort and time will it take? I then layout all options for my clients and give them my advice how we should move forward.

It’s easy to get caught up on an emotional level with some of the requests. Maybe the buyer didn’t like the custom yellow sink you installed in the master bathroom. So much so they asked for a discount on the home or some type of credit. Now you may think about how much effort and expense it took to find that perfect sink and how much you think it makes the room pop. We’ve got to get your in a different frame of mind to get you the best result.

My job is to stay non-emotional about it. If we had 2 other offers from buyers still waiting on the side lines, we probably could negotiate that request away because we have leverage and options. If your home was on the market for 90 days with only one offer and you have to move out of state in the next 3 weeks for a job transfer…  We might be in a position to find the win-win because you don’t have a lot of leverage in that situation. If I am dealing with a less seasoned agent on the other side, sometimes I can make it go away just because the buyers hired an agent who does not negotiate well.

My advice would be to pick your battles when these types of requests come over. Evaluate your options and look for the win-win. Leave your emotional attachment to the home out of the conversation if at all possible!

If you have thought about selling a home in Elk Grove or the surrounding areas, my partner and I would love to talk with you about the home selling process. Give us a call at (916) 585-3858!

 



Give us a call at (916) 585-3858! We can give that dream an address!
If you are thinking about selling a home in Elk Grove or Sacramento - Request your home value now! If you're thinking about buying a home in Elk Grove or Sacramento - Let's meet to discuss your needs!

Search for homes now >>
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95624 East Park Elk Grove – The place to live near highly desirable schools

Tags: , , , , , Elk Grove Neighborhood Guide, Elk Grove Real Estate Blog, Elk Grove School information No comments
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Terri and I sell several homes a year in the 95624 zip code of Elk Grove. One of our most popular neighborhoods we sell homes in is East Park.

This particular neighborhood in 95624 is located within the school boundaries of some very popular Elk Grove schools. We have a large buyer demand for folks who are looking to get their kids into the best schools in the area. homes in this area range from $300,000 and up.

Here are the locals schools assigned to the East Park Elk Grove area.  You can check their websites and there are links below to their score cards.

homes for sale near edna baker school elk grove

Edna Batey Elementary School
Check out their score card
9421 Stonebrook Drive
Elk Grove, CA 95624
(916) 714-5520

Katherine L. Albiani Middle School
Check out their score card
9140 Bradshaw Rd
Elk Grove, CA 95624
(916) 686-5210
School Website

Pleasant Grove High School
Check out their score card
Grade Level 9-12
9531 Bond Rd
Elk Grove, CA 95624
(916) 686-0230
School Website

You can check any address to see which schools are assigned by using the Elk Grove Unified School District online boundary check.

If you are thinking about getting your kids into some great schools in the Elk Grove area, Please give us a call and we would love to meet with you and discuss the areas of Elk grove that would be best for you!

We would love to help you buy near the best Elk Grove schools! Just give us a call!

There are a ton of homes for sale near great schools in Elk Grove! Just look below!



Give us a call at (916) 585-3858! We can give that dream an address!
If you are thinking about selling a home in Elk Grove or Sacramento - Request your home value now! If you're thinking about buying a home in Elk Grove or Sacramento - Let's meet to discuss your needs!

Search for homes now >>
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Cabins for sale near Sacramento

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I had a great conversation with a couple today about their dream to to buy a cabin near Sacramento. We will need to sell their current home in Elk Grove first most likely.

The first thing you will need to determine is do whether or not you will need to sell a home to make this dream happen.  Many clients want a second home they can rent out when they are not using it. There are rules about this so check with your CPA for the details.

If you don’t need to sell a home, you are ready to start your cabin buying process! We would need to work with you to pin point what areas you would be looking in. We have top quailty real estate agents who can help you purchase a cabin near Sacramento.

There are going to be a couple of you who are going to have to sell a real estate asset to make this dream happen. So the first step for you is to check your home value now and see how much you can get for your property in today’s market Make sure to request the full report and give us the details of the home. We will want to investigate how we can get the most out of your home. We will want to set an appointment to look at your house, to give you the most accurate home value.

We have great agents who cover all areas! Ever dreamed about buying a cabin in the woods? That dream sounds dandy to me!

What if we could give that dream an address? Which one would you want? Call us anytime at (916) 585-3858 or online at www.GivingYourDreamsanAddress.com!

 
LIST: $449,000
Beds: 3
Baths: 3
Sq. Ft.: 3,600
Listing Office: Patti Smith Real Estate
 
LIST: $375,000
Beds: 4
Baths: 3
Sq. Ft.: 3,279
Listing Office: Sierra Pacific Real Estate
 
LIST: $364,999
Beds: 3
Baths: 2
Sq. Ft.: 2,041
Listing Office: Weichert REALTORS-Galster Group
 
LIST: $359,000
Beds: 3
Baths: 2
Sq. Ft.: 1,915
Listing Office: Patti Smith Real Estate
 
LIST: $343,500
Beds: 4
Baths: 2
Sq. Ft.: 2,222
Listing Office: Better Homes and Gardens RE
 
LIST: $325,000
Beds: 2
Baths: 1 | 1
Sq. Ft.: 1,067
Listing Office: American Heritage Land & Home
 


Give us a call at (916) 585-3858! We can give that dream an address!
If you are thinking about selling a home in Elk Grove or Sacramento - Request your home value now! If you're thinking about buying a home in Elk Grove or Sacramento - Let's meet to discuss your needs!

Search for homes now >>
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Great investment opportunity for Sacramento rental property

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We are excited to list this great property just came on the market in Sacramento. This home is currently a rental property and the tenant is paying $1200. This particular home has some deferred maintenance. For those of you looking to buy a fixer upper rental, this home is for you!

This particular home is a short sale. The the owner is upside down in his mortgage and owes more than it’s worth. Many investors purchased homes at the height of the market and got stuck in some bad deals.

This is a great opportunity for you as the buyer. This particular home will need a cash buyer because of some roof issues. As an investor, if you are getting a mortgage for the purchase, the lender will most likely require a roof certification on this one based on the condition. Basically what happens is the roofing contractor inspects the roof to determine what repairs are needed to be able to certify the roof will not leak for 2 years.

Most sellers would pitch in for this cost on a regular equity sale. Most short sale sellers don’t have any money to pay for repairs like this. That is the reason this short sale home in Sacramento needs a cash buyer. It is possible for the buyer to pay for these costs upfront before the escrow closes? Yes. I don’t recommend putting any money into a home you don’t own especially a short sale transaction because there are way too many parties involved and a lot could go wrong.

There is a buyer for every home! this one need a cash buyer who wants cash flow and a way to earn some sweat equity.  Here are some other homes that would make great rentals.

 
LIST: $199,900
Beds: 3
Baths: 2
Sq. Ft.: 1,403
Listing Office: Keller Williams Realty
 
LIST: $198,500
Beds: 3
Baths: 2
Sq. Ft.: 1,297
Listing Office: Daniel L. Rushford
 
LIST: $195,000
Beds: 3
Baths: 2
Sq. Ft.: 1,284
Listing Office: Greenbriar Holdings
 
LIST: $189,900
Beds: 3
Baths: 2
Sq. Ft.: 1,390
Listing Office: Sellstate Realty First
 
LIST: $185,000
Beds: 3
Baths: 2
Sq. Ft.: 1,646
Listing Office: Coldwell Banker-Res R E Srv
 
LIST: $179,500
Beds: 3
Baths: 1 | 1
Sq. Ft.: 1,428
Listing Office: Keller Williams Realty
 
LIST: $175,000
Beds: 3
Baths: 2
Sq. Ft.: 1,483
Listing Office: Coldwell Banker-Res R E Srv
 
LIST: $162,000
Beds: 3
Baths: 2
Sq. Ft.: 1,463
Listing Office: Lyon RE Elk Grove
 
LIST: $162,000
Beds: 3
Baths: 2
Sq. Ft.: 1,200
Listing Office: Armando Ramos & Associates, Inc
 
LIST: $160,000
Beds: 3
Baths: 1 | 1
Sq. Ft.: 1,173
Listing Office: 1st Priority Realty
 


Give us a call at (916) 585-3858! We can give that dream an address!
If you are thinking about selling a home in Elk Grove or Sacramento - Request your home value now! If you're thinking about buying a home in Elk Grove or Sacramento - Let's meet to discuss your needs!

Search for homes now >>
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Last shot to get your home in Elk Grove with a pool!

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There is still time to buy a home in Elk Grove with a pool! If we can find you a home in the next couple of weeks, we can get your house warming party scheduled by your new pool!

There is nothing better than throwing our buyer clients a housewarming party after we help them buy a house. Our clients give us the invitation list and we show up with the food ! It’s fun to sit around and tell the “war” stories about which houses they looked at, the ones the wrote offers on, and the process of buying the house they bought. It is very rewarding believe me!

So when are we going to get your party scheduled. If you are currently living in Elk Grove and renting, you are giving away your money. Many homes are cheaper to own, than rent.

Why not build equity and make your payment. Equity is real. I have clients that bought a home to live in to save money every month, and they are sitting on$50k of equity. Equity equals options!

So back to your pool…

It’s time to get serious and get into a home while interest rates are still ridiculously low. Next year if interest rates go up, along with Elk Grove home prices, you might not be able to afford that dream of owning a home with a pool.

Have you liked our Facebook page yet? We post things like decorating ideas, mortgage information, homes for sale, tips and tricks, and more! Here are details about all the homes in Elk Grove with pools!



Give us a call at (916) 585-3858! We can give that dream an address!
If you are thinking about selling a home in Elk Grove or Sacramento - Request your home value now! If you're thinking about buying a home in Elk Grove or Sacramento - Let's meet to discuss your needs!

Search for homes now >>
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Elk Grove Home SOLD Seller made $55k tax free

Tags: , , , , Elk Grove Home Value, Elk Grove Real Estate Market, Elk Grove Real Estate Success Stories No comments
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Every morning my partner and I look at our local MLS (Multiple Listing Service) and look at what homes have sold and come on the market in Elk Grove and Sacramento.

I ran across a home that I sold back in October of 2012. At that time, my client’s got top dollar for their home in East Elk Grove. In fact, the buyers brought in $5,000 above the appraised value to get the house. We had multiple offers and at that time my sellers where shocked at how much they got for their home sale.

The same home in East Elk Grove… JUST SOLD AGAIN!

This is what is so awesome about real estate! You can live in a home for a couple years, and if you buy right, you can walk away with tax free money and a place to stay!

The buyer purchased the home for $265,000 back in February of 2012. They did absolutely nothing to the property. No wallpaper removal, no additional yard work, no upgrades that I could see at all.

They sold their home for $345,ooo in July of 2014. If you subtract the cost to sell their Elk Grove home, you are looking at approx $55,000 in tax free money. They can now put that money in the bank, or roll it forward into the next house. This  will allow them to get more of a house than they can qualify for because they would be putting down more cash.

If you are thinking about selling a home, you can check your equity now at www.HomeValueElkGrove.com

Not sure if you want to go through the hassle of selling your home and moving? Check out the homes on the market that meet your criteria and see if your dream home is there.

Make sure to schedule a consultation with us! Don’t worry about the details. We know how to stage this move to be the least impactful to you. Just schedule an appointment with us and we will ease your mind!



Give us a call at (916) 585-3858! We can give that dream an address!
If you are thinking about selling a home in Elk Grove or Sacramento - Request your home value now! If you're thinking about buying a home in Elk Grove or Sacramento - Let's meet to discuss your needs!

Search for homes now >>
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