IMG_74784 bedroom,2 bath, 2 story bungalow near Old Roseville. So much potential in this home that needs work. It has an enclosed patio, inside laundry area, brick fireplace, lots of built-ins and so much more. The lot is deep with alley access at the back of lot behind the large shed, which would be a great studio or storage area. Bring your tools and bring back the charm! Click HERE for more photos.

Just Listed! 6390 Oakcreek Way, Citrus Heights, CA- $270,000

IMG_65243 bedroom, 2 bath Fannie Mae home located on a large corner lot. The kitchen has been updated with newer & granite counters. Enjoy The cozy brick fireplace with insert in the living room. The attached garage has been converted to a family room for extra living space & a detached 2 car garage added. Buyer to verify sq. ft. Convenient to schools, parks, shopping and freeway access. Click HERE for more photos.

Just Listed! 5981 Devecchi Ave, Citrus Heights CA- $153,000

IMG_5009Charming 1 bedroom, 1 bath home. Huge lot with lots of potential and room to play. The kitchen has plenty of cabinet and counter space. Cozy fireplace in the living room for chilly winter nights. Convenient to schools, parks, shopping and freeway access. Selling in present condition. Click HERE for more photos.

Just Listed! 9304 Orangevale Ave, Orangevale CA- $329,000

IMG_36143/4 bedroom, 2 bath home that has been updated with new carpet, fresh paint, granite counters and more. This home is move-ready! The garage has been converted for extra living space. Home is located on a lot that is over 1/4 acre. Across the backyard there is a 1 bed, 1 bath home that would make a great guest house or rental. That home is also beautifully remodeled- granite counter tops, large bedroom and move in ready. Click HERE for more photos.

Just Listed! 3145 Cedar Ravine Rd, Placerville CA- $173,900

IMG_1080This 3 bedroom, 1.5 bath home is close to the historic downtown Placerville district! Home has huge potential- bring your tools and do them yourself, you way. The fireplace insert in living room will keep you warm. The backyard has a covered patio and an area at the top for a garden or ??? Selling in present condition . Click HERE for more photos.

Freddie Mac net income soars 700% to $4.2 billion

Freddie Machttp://www.housingwire.com/articles/34673-freddie-mac-net-income-soars-700-to-42-billion

Purchasing In An Association

Warren Adams, REO propertyThis article, written primarily for investors, offers up some great advice on purchasing homes located in Home Owner’s Associations.  However, even for owner occupied buyers, the advice is still sound.  Know what your HOA covers and restricts.  These factors will affect your personal enjoyment of the property, its future value, and could limit your options later.  Check out the article HERE and please feel free to contact our office for all your real estate needs.  Our experienced agents can help you navigate through the process and make your home buying experience a pleasant one.  Click here for my current listings.

Sacramento Region Leads Nation in Apartment Occupancy Increase

Warren AdamsAfter reading a July 7, 2014, article by Ben van der Meer, Staff Writer for the  Sacramento Business Journal, a potential growth area for investors seems to be emerging.

The article points to job growth, high rental occupancy rates (as high as 96% in California), and increases in rental rates.  These factors all lead to a shortage of rental space.

The most intriguing portion of Van der Meer article is a quote by Jay Denton of Axiometrics (an apartment data research firm).  In the article Denton, reflecting on current growth rate, states,  “Rent growth that’s expected on this pace is 5 to 6 percent, and it could be even stronger,” he said. “Simply because there’s not much new in the way of supply anytime soon.”

The article states further that “Within the region, Citrus Heights saw the greatest year-over-year gain in rents, 14.4 percent, going from a median of $869 a month to $995. Downtown Sacramento, which includes the popular midtown neighborhood, saw an 11.3 percent gain in occupancy to 92.3 percent, while the Arden Way corridor, at 96.8 percent, has the highest overall occupancy rate among submarkets.”

Read the entire article click here,  then contact our office.  Our experienced real estate agents can help you find properties to suit your investment needs.

Real Estate Rebound

Good News for the Housing Market 

Sacrament Real Estate, Warren Adams

The housing market is beginning to roar back. Existing home sales have risen for two straight months after suffering declines since the summer months of last year. The pending contracts also show robust gains, implying home sales will further rise over the near term. Also there is sizable pent-up housing demand looking to emerge. The timing is uncertain. But the pent-up demand implies home sales have much room to rise over the next few years.  For the full story, Click  HERE!

 

 

Top 10 Escrow and Closing Questions & Answers

Escrow, pending sale“Closing” or  “escrow” is listed as one of the top ten problem areas that occurs in a real estate transaction.  It is probably the least understood, and most feared, aspect in a property purchase. Misunderstandings about closing costs can result in hundreds or even thousands of dollars of needless expenses, and put seemingly solid deals at risk. This final step to your purchasing a home or property can go smoothly if you take a few precautions beforehand. Knowing what questions to ask and reviewing all documents well in advance of the closing day will prepare you for a hassle-free and smooth closing.

Click Here for an article on getting answers to common closing and escrow questions to help make your home buying process go smoothly and perhaps to save you money in the process.

 

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