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Sacramento Real Estate Gal
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A blog about the Sacramento Real Estate Market, Real Estate Trivia, Market Advice, Investment Properties and Advice.
Recent Posts Tagged With 'foreclosures and short sales'
Watch that real estate inventory!
The Sacramento Bee has today reported that inventory in the Sacramento real estate market is down to 2005 levels. After the peak in listed homes in 2007, inventory has been declining over the last 20 months. We have already been covering these market...
The Problem with Foreclosures...
For those of you who know me it should come as no surprise that I like listening to talk radio when I'm in my car. The topic of real estate often comes up in these talk shows and one of the financial talk show hosts yesterday was asked about foreclos...
Foreclosure Crisis may lead to Necessary Changes
With so many homes being lost all over the country, it is time there are some changed made in the real estate industry, especially regarding lending. A few good things proposed that might become a reality in the future:1. Lenders will require proof o...
Foreclosures Down 3% in June
RealtyTrac has said that foreclosures are down 3% nationwide in the month of June over last month, but higher than last year. Although we might not have gotten over all the foreclosures yet, this is a good time to remember that the real estate market...
Nine Reasons Why I May Never Take On Another Short Sale
I've been dealing with a short sale listing for quite some time now. Really, I guess I'll never learn. It's been about three to four months it's been on the market and priced extremely well. After having to answer innumerable calls from agents, buyer...
Tenants Facing Foreclosure
Another story popped up in the Sacramento Bee recently about tenants facing foreclosure. I had written about it when the first tenants were being foreclosed on last year. Hey, maybe you should read this blog first!...
Another Great Short Sale Article
Maybe the reality of short sales - neither short nor sales - John's by now famous quote is finally beginning to sink in. Most traffic to this blog comes from Google search and here are some of the search terms people are using: "Buyer's rights short ...
Foreclosure Filings Up... and Why this Might be a Good Thing
Yahoo recently reported that foreclosure filings are up 65% from last year's numbers in April nationwide. The last time we had such record numbers of foreclosures was in August 2007. While I am not thrilled about the individual effect this has on the...
REO Single Family Residences
For those of you first-time home buyers still on the fence about buying a house, you might want to look at the foreclosures here in Sacramento. Either do the search yourself or follow this link to the foreclosure listings page. I've been showing a l...
REOs, Asset Managers, Multiple Offers... Grrr!
I've written in the past about one of my clients who has been making offers on homes in the Anatolia area of Rancho Cordova and getting outbid every time. Well, yesterday was what seemed to be a historic day for both of us - one of her offers was acc...
Should Banks Just Foreclose?
I've been speaking with a great many frustrated real estate buyers in the greater Sacramento area lately and the one thing I hear repeated over and over is that they have been looking for houses for a while and not been able to buy any. But it's a b...
REOs, Real Estate Statistics and the Pricing Paradox
The investors are finally jumping in. They are actively searching properties and buying up Sacramento's real estate. February pending sales are up. And whether while this activity signals the very beginning of the end of the bad market is debatable, ...
Foreclosure Article
I've been telling you for a while that fear in the real estate market is driving a lot of people to run to the safety of their (rented) homes. Instead, read this article and decide for yourself if the foreclosure crisis is overblown.If your home rose...
Sacramento Foreclosures - Why the Numbers Need to be Taken with a Grain of Salt
The California Association of Realtors' Market Matter Advisory just hit my mailbox and I think this is important information in the light of all the bad news of foreclosures out there.If you're reading numbers from Realty Trac, you should remember th...
Sacramento Foreclosures Affect Pets
Here's a side to the Sacramento real estate market that has been largely ignored - the pets of foreclosed homes. According to a recent article in the Sacramento Bee, a large number of homeowners leave their pets behind either tied to a tree or just s...
REO Buyers: Three Things to Watch For
Yesterday I wrote about how the new short sale addendum protects buyers from waiting forever for the house they made an offer on to get approved. Later in the day it made me wish we had something similar to that for bank-owned homes. The unfortunate ...
Short Sale Addendum Protects Buyers
The California Association of Realtors added a short sale addendum to the required forms in November of 2007. So far, this is one of the best forms I have seen and goes a long way in protecting a buyer's rights while buying a home in California.For o...
Short Sales with MLS Entry Only - What?!?!?
Everyone knows that short sales are not my favorite form of sales, and I believe the best prices and attractive options right now in Sacramento are bank-owned homes (REOs) but I seem to come across these entries in the MLS more often than I'd like - ...
Ask Sacramento Real Estate Gal Answers!
Some weeks ago, I wrote about a Sacramento homeowner regarding a possible short sale on two of his homes. I have now done enough research to be able to answer this very important question with the seriousness it deserves.If you are a Sacramento homeo...
Short Sales in Sacramento - Now What?
The other day, I received a call from someone who has read this blog with a very serious question. He owned two homes and was making payments on both homes every month, with not one missed bill. However, he knew he couldn't keep this up much longer....
