Here is the January housing report for the Folsom area ending January 31, 2010.
Roseville Homes Market Update January 2010
February 26, 2010 By
Roseville Homes Market Update
Market stats and data for Roseville CA
Sacramento Region Overview
February 26, 2010 By
Karyn is from the Sacramento area. She has an enormous family and several generations living in this area.
This is a satelite overview for out of area home buyers giving you the lay of the land and a few of my thoughts as someone who never had any interest or intention of moving to the Sacramento region.
Fair Oaks & Carmichael Market Report
February 24, 2010 By
The latest sales data for the Carmichael and Fair Oaks resale real estate market.
Tax Credit 2010
February 24, 2010 By
The Home buyer Tax Credit ends April 2010. Find out more about who is eligible and how to take advantage of this Federal program designed to help Americans buy their next home.
You Make Your Money Buying Wisely
February 24, 2010 By
While it seems that you profit when you ultimately sell your home, the real work in profiting from home ownership comes from choosing wisely. The area, size, features, quality and more all play major roles on the future ability of a home to appreciate in value. Once you own, aside from proper care and maintenance you’re largely along for the financial ride. This video discusses the importance of choosing wisely when you buy.
Elk Grove Market Update- February 2010
February 24, 2010 By
Here are the latest sales statistics on Elk Grove home sales; a summary of Active, Pending and Sold properties comparing REO (bank owned), Short Sale and Owner listings.
-Trends show there are 1-2 months inventory of bank owned or foreclosure homes in Elk Grove as compared to 12-24 months inventory of short sale homes in Elk Grove. These figures show that although short sales make up a big percentage of active homes on the market in the general Elk Grove area, they are selling at a much slower rate…making them low probability home sales.
-Another statistic to look at is DOM (Days on the Market) of the different listing types. Looking at total homes sales in Elk Grove, 1/2 of the properties are sold within 30 days on the market…but compare REO sales vs short sale transactions. 74% of bank owned homes in Elk Grove sell within 30 days on the market; whereas, only 12% of short sales sell within 30 DOM…over 42% of short sale sales take over 120 days on the market.
-Bank owned homes in Elk Grove sell at a much higher rate and significantly more quickly.
-Prices of homes in Elk Grove can be looked at through “Price per square foot”…what dollar amount homes sell for per square foot. Currently, the average price per square foot of a home in Elk Grove is around $113/sq ft.
-What about list price vs offer price of Elk Grove real estate? Trends show that homes are selling for very close to list price…you’re not likely to get a discount off list price regardless of the number of days on the market.
-REO inventories are low and short sales continue to sell very slowly (if at all).
Closing Costs & Seller Credits
February 24, 2010 By
Planning for a home purchase means planning ahead for this major financial commitment. In this video we discuss closing costs to expect during your home purchase and requesting seller credits when you submit offers.
Evaluating Schools During Your Home Search
February 24, 2010 By
Whether you’re looking for a home in Rosville or a home in Elk Grove, schools are important. But how do you really evaluate schools? Here are some suggestions to get you started.
Better Loans Get Better Homes
February 24, 2010 By
Demonstrating a home buyers financial strength to a prospective sellers will make that buyer more desirable. Sellers want to accept the best offer from the strongest buyer. In any home buyer’s search for home, the smartest strategy to negotiate the best terms is to prepare to demonstrate financial strength and loan stability. This will help you win when competition is stiff and negotiate the most concessions when there are no other buyers on a home.
