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Wednesday, May 16th, 2012
What to do in Sacramento?
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Hello Everyone
I thought I’d change up the blogging today. I usually blog about Real Estate because that’s what I do but today I am going to blog about Sacramento. The weekend is almost here and the weather is nice. There are so many things to do here in Sacramento. If you live here or planning to visit one place I enjoy is the railroad museum. I enjoy walking inside and looking at all the trains. You can even walk through a train, and see the sleeping and dining areas. I think I had more fun than my kids did. The Railroad Museum is in Old Sacramento, The streets are cobble stone and the original buildings from 1850’s are still standing. It is a great day trip for the whole family or a date. I hope you enjoy Sacramento as much as I do.
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Posted by: Chris Plumb at 11:32am
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Wednesday, May 9th, 2012
B of A offering Reductions
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Do you have a Bank of America loan?
If you do could be receiving a letter offering a principal reduction.
This is because of the $25 billion mortgage settlement, which can save homeowners about 30 Percent of their monthly payment. But of course there is a catch you must fall into these circumstances.
Eligible homeowners are those who:
• Owe more than the property is worth.
• Were at least 60 days behind on payments as of Jan. 31.
• Make a monthly payment of at least 25 percent of gross household income.
• Have a loan owned and serviced by Bank of America, or serviced by Bank of America and owned by an investor who has given the bank permission to reduce principal.
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Posted by: Chris Plumb at 11:16am
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Monday, May 7th, 2012
Short sales are not Short!
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I have a feeling that I will be blogging a lot about short sales. I have this one Short sale that is finally about to close. This has been one for the record books. This is a FHA buyer that wanted to buy a house owned by Penny Mac.
A common thing to ask for in Sacramento on the RPA-CA is to ask for seller to contribute towards closing costs on an FHA loan. So we got an offer, an estimated HUD and submitted the offer to the bank. We got approved well weeks later and last week we were supposed to close when it came to light that Penny Mac DID NOT approve seller contribution. Finding this out last minute, Buyer freaked out and wanted to cancel the deal. While the agents who are involved also freaked out because there was so much time invested into this deal, buyer called his Lender which in turn called Penny Mac and the next morning I received a new short sale approval letter approving sellers contribution to buyer.
We are now signing today and closing tomorrow.
That was a challenge but we all got through it .
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Posted by: Chris Plumb at 10:21am
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Wednesday, April 25th, 2012
6 tips for a painless closing
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1. Ask questions
Always ask a question if you have one
2. Anticipate human error
People make mistakes
3. Review loan documents in advance
It’s because of number 2
4. Take a check
Bring a certified check
5. Take the day off
You do not know how long it may take so take the day off so you don’t feel rushed
6. Expect the unexpected — including typo
Again number 2 always look at everything twice.
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Posted by: Chris Plumb at 12:56am
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Tuesday, April 24th, 2012
Blog Idea's
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Blogs!
Do blogs get you business? Do they help your business? Every time I get ready to blog I wonder if anyone reads them anyways. Trying to think of new topics can be a bit challenging but I do it because I hope people are reading them.
Does anyone have some topics in the Sacramento area Real Estate market that they needed answers to?
Just reply to blog I will be happy to answer any questions.
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Posted by: Chris Plumb at 12:49am
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Wednesday, April 11th, 2012
It's Spring
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We are well into spring and with this change in the weather it’s time to make some home improvements that can help save you money and help the appearance of your home.
-If you haven’t it’s a great time to change your thermostat to a programmable one. This can help save money because it will go on and off at the set temperatures.
-Always a good idea is to check and maintain the weather-stripping around doors this will help keep the cool air conditioned air in and the hot air out.
-Replace or repair new screen doors helps keep your house looking good and keeps the bugs out.
-If you have a Chimney, Cap the chimney to help keep any animals from nesting.
-Have gas appliances tested
-Clean and maintain your Entryway to your house.
-Check for falling fences and replace if needed
-Pressure wash your sidewalks because months of falling leaves can leave your sidewalks stained.
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Posted by: Chris Plumb at 11:03am
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Tuesday, April 10th, 2012
The ups and downs of Real Estate-
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The ups and downs of Real Estate-
In 2006 home prices were up and everything was great. People were getting loans, buying houses, and spending money but then it all went downhill. That down has brought us here. Short Sales. So many people are upside down in their house that Short sales are how many people are getting out of the bad loans they are in. But dealing with Banks is not an easy task. Bank of America has realized this and is trying to improve their system. Many agents are familiar with Equator it was created to make things easier but somehow it creates more work for the agent because we end up having to upload many documents multiply times. However Bank of America has been made aware of this issue and starting April 13th Equator will change. They have set up team leads to help make sure you receive better service and are working on the response rate. Right now it stands between 87-92% that the negotiator gets back to the agent with 48 hours.
That means that 8-13% of the time your negotiator does not get back to you.
Hope this change will improve the whole Short Sale process because Short Sales are here to stay.
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Posted by: Chris Plumb at 12:57am
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Monday, April 9th, 2012
Should you Pay HOA in a Short Sale
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I was recently asked a question by a potential seller. There are interested in listing their house as a Short sale because they can no longer afford their payment, but they have an HOA of about $500 per month. The question was should they continue to pay their HOA if they are missing their mortgage payment?
My answer was yes. For a few reasons, HOA dues are collected from the whole “development” this is where they get the money for landscaping, club centers, etc. So by not paying it will affect the other homeowners. Another great reason to continue paying is that HOA s’ can lien your property which can stop a Short Sale from closing.
Whatever you decide talk to a Tax professional and/or Real Estate Attorney.
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Posted by: Chris Plumb at 10:57am
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Wednesday, April 4th, 2012
Homebuyers Mistakes
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Buying a house that will become a home is an emotional process and those emotions can get in the way and cost you the house you really want.
Buyers that become too emotionally involved can make many mistakes during this process.
According to an article I found on MSN.com the 5 top mistakes made are
1. Always looking for a better deal
2. Falling in love with a property at first sight
3. Overpaying for perfection
4. Assuming short sales are a way to get a house cheap
5. Lowballing
Out of those 5 I would say number 5 is a real mistake. No one wants to pay more then what they need to but lowbaling a house is the quickest way to lose the deal before it ever becomes a deal. Many Sellers won’t even look at an offer that is low. But if you are reasonable your offer stands a chance. The Seller may even counter your offer.
Always remember to give your best offer the first time if you really want the house.
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Posted by: Chris Plumb at 1:27pm
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Tuesday, March 27th, 2012
Marketing Yourself
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What is a good way to market yourself in Real Estate?
That question has plagued me for a while and can often be the reason many don’t do well in Real Estate. Should you jump in and get a website, go all out and plaster your face on billboards? There is no right or wrong answer. If you have money to spend getting a website would be a great idea. What if you are just getting started with very little income to spend? What I have done was print out flyers at home and walk around my neighborhood putting them on door steps. It is great exercise and a cheap way to get your face and phone number out there.
Whatever you chose make sure you give it your all.
Real Estate is not a Field where you can be lazy and get paid. you actually have to work for your paycheck.
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Posted by: Chris Plumb at 1:20pm
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Wednesday, March 21st, 2012
Remodeling can be stressful
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Remodeling your home can be stressful but rewarding in the end.
My mom recently bought a house and decided to remodel the house which should have only took a few weeks, to complete but there have been a few setbacks and now for the last month she has been staying with me. During this time it has been a stressful experience for both of us. My mom is stressed over which knobs to buy, what facet looks best, which hardwood floors to go with. While I am stressed because my small 700 square foot apartment is now packed with two households worth of stuff, my mom’s large dog, my cat, and my kids who every night argue over who is sleeping with “Gram” tonight. Oh it has been fun!
The point to this is that when remodeling it’s a good idea to be prepared that you may go over the original time frame. Issues can arise and postpone your plans but it will eventually get done. Cost is another important thing because the price of everything varies depending on the quality, color, location. It’s always a good idea to get a bid just so you know roughly how much it may cost. You should never go in with blinders on.
It is also a good idea to go with a contractor that has been referred to you because not everyone in the phonebook is trustworthy and does a great job.
Be prepared. Be patient. It will eventually pan out.
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Posted by: Chris Plumb at 1:02pm
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Tuesday, March 20th, 2012
New Arena for Sacramento, Ca
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How will the new Arena plans affect the Sacramento area? Will it help improve the economy?
Many people have questions about how the plans for a new arena will eventually play out.
Sacramento is not only the state capital of California but also a big city that would benefit from having its own sports team. In the beginning when there was a chance that the Kings would not return to Sacramento, people were very upset. Now, that all the dust has settled and the Kings will stay but there needs to be a new arena built.
The Kings are currently using the HP Pavilion for this season and future seasons. Until the plans and building of this new arena are complete this can take a few years. Building this new arena will also cost a lot of money that the owners of the Kings will help with and also Sacramento area residents will be contributing through parking. Will it be worth it? Will this Master area plan payoff for the City of Sacramento?
Diana Lematua
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Posted by: Chris Plumb at 1:02pm
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Tuesday, March 13rd, 2012
Loan Modification Scam
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Recently, a few lawyers in the Sacramento area were arrested on fraud charges. These lawyers claimed they could help people save their house by getting a loan modification but charged them an upfront fee. Many people would benefit from a loan modification but not everyone qualifies. This is way the lawyers made money because most people in the Real Estate field know that most people will not be able to get a loan modification. So by charging an upfront fee and having them miss payments was the beginning. This scam was eventually figured out and now these lawyers are sitting in jail with about 26 charges. What makes it worse is that these same lawyers were arrested before for similar scams. They got their law license suspended for 60 days.
I wonder if they learned anything the last time.
I think not!
Diana Lematua
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Posted by: Chris Plumb at 2:56pm
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Tuesday, March 6th, 2012
Do you own the house you live in?
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For most of us it comes as no surprise that homeownership in general is down but what has also decreased are the amount people living in the house that they own. In a recent article in the Sacbee, it states that California is at 55.3% of people living in a house actually own the house. This is a drop from 60.2 in 2006. People are buying houses but many times its people you own more than one house that is then turning around and renting the houses out. If you have money you continue to make money even in this economy. While are still in a housing rut, I hope soon it will improve.
Diana Lematua
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Posted by: Chris Plumb at 2:45pm
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Tuesday, February 28th, 2012
Rent or Own
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As house prices continue to bottom out and its actually cheaper to pay a monthly mortgage payment then it is to rent.
Do you think more people will be willing to buy houses now that the price of rent is increasing?
Renting a house or even an apartment can be more of a cost then actually buying a house. So why are more people buying?
I believe that short sales and foreclosures have a lot to do with the increase of rent.
People who have lost their house has also taken a huge hit to their credit, they can not buy another house for a few years so they have to rent.
You need a place to live and people will pay that price because there is no other option.
Diana Lematua
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Posted by: Chris Plumb at 1:59pm
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Monday, February 27th, 2012
How are your REO's?
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How has your bank owned properties gone?
I have closed a few bank owned properties and all were very different. I had one that went very smooth which made my buyer happy; we actually closed 10 days early. Another one I had to go back a forth to get repairs done so the lender could approve the loan on the property, It got done but we closed two weeks late.
Bank Owned properties can be very good for a buyer but what about if you are a listing agent how smooth would the transaction go?
With bank owned properties the agent takes on legal and financially responsibility for the property, which sometimes they are quick to sell so it involves less money, but what about is buyer does inspections and things aren’t up to par? This will make for a challenging deal both financially and very time consuming.
Is it beneficial to be an REO agent or make offers on REOs?
Diana Lematua
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Posted by: Chris Plumb at 2:58pm
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Tuesday, February 21st, 2012
Who Wins in a Foreclosure?
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We all know foreclosures are affecting people everywhere but my good ole state of California is really taking a hit with foreclosures.
According to Inman.com, California is the 2nd state with the highest foreclosure rate right behind Nevada. In the same article they list the top 20 U.S. metro areas with the highest foreclosure rates. California has 11 out of the 20 metro areas.
Foreclosures benefit very few people. Banks lose money and the owners lose a house. The new buyers may benefit by getting a better deal but I am not sure how much because many times with bank owned properties it is a bidding war and the highest and best wins. When this happens it’s usually the all cash buyers that get the house leaving out the conventional and FHA loans. An FHA buyer seems to have a tougher time because they usually have limited funds and asks for seller to help with closing costs.
Diana Lematua
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Posted by: Chris Plumb at 12:36am
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Wednesday, February 15th, 2012
Lack of houses affecting your buyers?
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I have buyers right now that are so fustrated with the lack of houses out there. I feel the fustratration too, it becomes very personal to buyers and it takes a toll on them emotionally. This is something agents need to realize because if you do not show that compassion and understanding towards the buyers then they can lose the buyer.
It important to keep them in the loop, let them know that you are still looking and that you haven't forgot about them.
Keep things positive even when the outlook of houses are grim!
Diana Lematua
Plumb Realty
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Posted by: Chris Plumb at 1:56pm
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Wednesday, February 8th, 2012
Staging a house, is it really worth it?
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When listing a house your goal is to sell it quickly. Some Real Estate agents swear by staging a property. Some have never staged a house.
Why when buying a brand new house the models are always staged? Does this help buyers make the big decision to buy a house? As for me, I love going into model homes because they are staged, most of the time unrealistic for everyday living but still for a moment I can picture myself living in that house. I think that is a benefit of staging, however; if you are a newer agent with little funds staging a house is out of your price range. I’ve been in many houses most vacant with nothing, a handful with some knick-knacks here and there but very few that have been completely staged.
I believe there is a time and place to stage a house, if you are listing a house that is a track home there is really no reason to stage but if you have a listing that is one of a kind or in a higher price point then I feel that staging the house would benefit you, as an agent and may even increase the chance of getting the house sold quicker.
Diana Lematua
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Posted by: Chris Plumb at 1:51pm
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Tuesday, February 7th, 2012
Taking Lenders to Court
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Foreclosures are on the rise and with it foreclosure lawsuits are also increasing. Many previous owners are going after the lender for wrongful foreclosure process. This is a major problem with many people and some are seeking lawsuits saying they were wrongfully foreclosed on. It is difficult to win a case but if you have proof that all the steps that the lender needed to do to foreclosure on the house were not completed then you may have a chance but the cost for the whole proceedings may not be worth it. You should check and be 100% sure you have the proof before to exhaust your time and money only for you to lose your case. Good luck and I'm sure there are many more foreclosure lawsuits that will be happening.
Diana Lematua
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Posted by: Chris Plumb at 2:37pm
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Wednesday, February 1st, 2012
Making bets against homeowners
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Have you ever bet on something that you knew was wrong but you did it anyway?
Most people will have an overwhelming amount of stress or guilt when they are knowingly doing something wrong, but that is where being a human and being a large government corporation differ greatly.
If you are the CEO of a large government ran corporation like Freddie Mac, you may be human but you can hide behind your corporation. When your corporation makes bets against loans with high interest rates to make a profit then its okay, because at the end of the day it’s the corporation as a whole can be at fault. It is weird to think but because of this Freddie Mac was “not allowing” home owners with high interest rates to renegotiate the loan. This was wonderful from a corporation stand point because they were making more money off of these bad loans but from an individual who can barely pay their loan payment every month it was all bad. Freddie Mac claimed they were trying to renegotiate loans when they actually were not.
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Posted by: Chris Plumb at 1:07pm
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Tuesday, January 31st, 2012
Short Sales are here to stay...for now!
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I got the pleasure of being a part of a tele-seminar today with Steve Harney.
It was an uplifting call instead of the usually news that we all have heard recently about the Real Estate Market. In Northern California the inventory is slim pickings for buyers but a great time to buy with mortgage rates so low right now ; however, for sellers not so good because of the depreciation that has occurred especially if the house was bought in the 2005-2006 time frame, many of those homeowners are now underwater. As a Real Estate agent it is a great time to put your all into you work and pound the pavement and target short sales. That is were the real estate market is heading because there are so many people who have a bad loan or two and a short sale is a way to get out and have a buyer come in with a more secure loan. Also banks are realizing that it's actually not a bad idea. It is a way for the bad loans of the past to disappear.
Diana Lematua
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Posted by: Chris Plumb at 2:43pm
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Thursday, January 26th, 2012
Foreclosure Settlement REJECTED
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The Attorney general for California has rejected foreclosures settlement.
This is a $25 Billion bailout that would let lenders get off with just a tap on the wrist. The reason why the housing market is as bad as it is is because of lenders that would practice unethical lending. Banks already are getting a pass also, when you buy a bank-owned property, most disclosures are REO exempt, releasing bank from all liability. There is a problem with the housing market and past lending practices, which is causing many people to lose their homes. It’s just a giant game of hot potato, just keep passing the hot potato and hopefully the lender and banks don’t get stuck with it, you and I are the ones left to get burned. With time it will get better but is there a way to cool things off in the mean time? At the same time having the banks and other lenders take responsibility for the unethically practices that where going on. Only time will tell!!!!
Diana Lematua
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Posted by: Chris Plumb at 1:07pm
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Tuesday, January 24th, 2012
Super Stores
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The housing market is not the only this suffering right now.
Businesses as a whole are going down the hole! This is a challenging time for so many of us and many businesses have succumbed to the economy. There are many empty commercial buildings throughout so many cities. It’s an eyesore so many of us just overlook; It seems that the only businesses that are striving right now are these “ one-stop shop superstores” Yet these are the exact businesses that are putting Ma and Pop stores out of business. I happen to be guilty of contributing towards these superstores, but where else can you get eggs, a movie, a pair of shoes, a fish, and an assembled bike, a happy meal, and a bottle of wine all in the same stop.
NO WHERE except….a SUPERSTORE.
We hate the idea of a superstore but they are mighty convenient for all of us!
Diana Lematua
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Posted by: Chris Plumb at 2:04pm
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Thursday, January 19th, 2012
Are Echo Boomers likely to buy
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With the first of generation Millennials or also known as Echo Boomers are turning 30 this year, how does the housing market fare for them? With low interest rates it is a great time to buy a house, however according to an article on Realtor.org most Echo boomers are more likely to rent. Why is this? There could be many reasons but the same article also states that only 20 percent of 18-29 year olds are married. This, I believe has a lot to do with how this generation is aware of so much more then past generations. With technology improving every day it seems that children born during this generation have more access to finding out more information. When I was 14 years old, the only way I would be able to connect with people around the world, would be writing letters and calling on a landline. Now, an 8 year old can look up anything they wish on the World Wide Web, log on to Playstation 3 and play with someone 3000 miles away within seconds, call or Text someone and again get a respond with seconds. This could have a lot to do with why the newer generation is less likely to get married because they are more aware of world issues, although we are all aware that the world is a big place but for the echo generation all that needs to be done is to do a search on the small Wi-Fi device that is in the palm of their hand and is able to look up any current issue and find out the latest up-to the minute information about anything.
For this generation there is no rush to buy a house or get married it will all happen within due time.
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Posted by: Chris Plumb at 1:17pm
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Tuesday, January 17th, 2012
Foreclosure and job loss
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Although banks stopped issuing notice of defaults in December, foreclosures are still occurring every day. According to Sacbee.com “In all, California locales comprised 10 of the top 20 foreclosure hotbeds in the nation in 2011.” This is not good news for California, considering that Sacramento unemployment rate is now at 10.9%. There is an obvious link between these two issues. When you lose your job how do you pay for anything including your mortgage? Times are very challenging for most people right now. Most of us know someone that has lost their job or is losing their homes. California is a great place to live but how can you live in a house when you have no income to pay your bills that support you and your family.
Diana Lematua
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Posted by: Chris Plumb at 3:24pm
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Friday, January 13rd, 2012
Supply and Demand
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House’s are on Sale, in an article in Realtor Magazine. This may seem to be a bad time in Real Estate but because house prices are so low, mortgage rates are low and the supply is low. This is a great recipe for an increase in sales, with a high demand from home buyers. This will equal higher sales for agents.
This may be a bad time for the homeowners that are losing their houses, but I believe it was bound to happen because of past lending practices. With short sales and banked-owned properties on the rise I believe it as a type of house cleaning for the old loans that should have never been approved.
Hopefully order will restore in this field soon, making it a great 2012!
Basic economics: Supply and Demand
When Supply is down, Demand will increase.
Diana Lematua
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Posted by: Chris Plumb at 11:51am
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Wednesday, January 11th, 2012
Keep your home California
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The keep your home California program has more lenders participating! There are now 55 lenders that are responsible for 90% of the mortgages in California that participate in this program. This is a $2 billion assistance program that tries to help homeowners stay in their homes. There are four ways this program can help; Unemployment Mortgage Assistance: Mortgage Reinstatement Assistance Program: Principal Reduction Program: Transition Assistance Program
No one knows how this program will affect homeowners in the future or even how it will affect the economy it’s just nice to think that some people are getting help!
If you get approved- There is always a catch!
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Posted by: Chris Plumb at 3:19pm
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Tuesday, January 10th, 2012
Housing market in Sacramento still down.
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According to an article on Sacbee.com, the housing market is still bad. This news should come as no surprise to anyone. The lending practices from years ago are finally catching up and homeowners are the ones affected the most.
I just showed a house yesterday and it was a short sale that the owners walked away from. But not before taking all appliances but on one of the bedroom walls, in marker read: “I hope you enjoy your new home”. This is a sad story that is all too common in this Real Estate market.
The prices of houses continue to drop, a survey done by SAR found that the median price of a single family home decreased 10% in 2011 from 2010 to $161,000 this being the lowest since 2000.
The article also states that lenders are choosing to short sale and foreclose on properties to get rid of the unstable loans that should never have been issued. Although, sales are up at 1,668 closed sales many were from short sales or bank owned which is involves sales numbers but because they are not a true representation of the market.
We all are hoping the Real Estate Market is going to improve in 2012.
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Posted by: Chris Plumb at 1:06pm
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Monday, January 9th, 2012
Cute 3/3 in South Sacramento
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Home has been freshly painted, new carpet, laminate flooring in kitchen & family room, spacious family room for entertaining, crown molding in family room & living room, gas log fireplace in family room, recessed lighting in family room, skylight in kitchen, game room with full bathroom or use as a guest room, laundry inside, custom plantation shutters throughout, dual pane windows, large master bedroom with walk-in closet, newer roof & central heat & air.
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Posted by: Chris Plumb at 11:35am
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Wednesday, January 4th, 2012
California Senate Bill 332
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California Senate Bill 332, has many people living in apartments now able to breathe a clean breath of fresh air.
For Years, landlords have been able to monitor many things and have set restrictions for their tenants from pet size to not allowing water beds; however, those restricted items do not directly affect the health of others’ but one new bill allows landlords to place restrictions on smoking. This can greatly affect and improve the health of many people.
I am very excited about this bill.
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Posted by: Chris Plumb at 2:38pm
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Thursday, December 29th, 2011
Happy 2012
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Wishing you all a Happy and safe New Year. I Hope you are all looking forward to a wonderful 2012. Let’s see what 2012 has to offer the Real Estate market.
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Posted by: Chris Plumb at 3:33pm
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Wednesday, December 28th, 2011
Not on record but already moving in!
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Not on record but already moving in!
It’s exciting when you buy a house and you just can’t wait until you get your keys, but some agents allow the “almost new owner” to begin work or move in before the house has actually been recorded in the new buyer’s name. This is Illegal. If anyone or anything occurs with or on the property the current owners are 100% liable.
Please wait until the new owner is recorded, then enter and have the new owner on record do whatever they wish to do to the property. The new owner is then 100% responsible for anything that occurs on the property from that point on.
Wait until you go on record before moving in.
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Posted by: Chris Plumb at 1:40pm
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Thursday, December 22nd, 2011
Vacant Homes
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According to a Sacbee.com article
http://www.sacbee.com/2009/04/21/1798871/interactive-map-a-plague-of-vacant.html
Homes that have been vacant for more than a year in Sacramento area Neighborhoods are racking up many code violations, which is greatly affecting the areas around them. This is a major problem many people and neighborhoods are facing. For example: there is a house on my street that has been sitting empty for over two years and during that time, people have broken in to the house and have stolen all the appliances, then at a later point another person decided to live in the garage. It wasn’t until a neighbor alerted police that she had seen the lights go on and off during the night, Police came and cleared the house once more. This unfortunately is an epidemic that needs to end.
Many bank-owned properties now need to be inspected two times a week by listing agent because of those issues.
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Posted by: Chris Plumb at 3:26pm
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Tuesday, December 20th, 2011
Good News for Sacramento
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Good News for Sacramento
According to the Sacramento Bee “A total of 2,427 home sales closed escrow in the four-county Sacramento region last month, an 11.7 percent increase from the year-earlier period”. This is a great time to buy because house prices are low, although many are listed as Short Sales but if you are willing to hang in there then it is worth it because some the homes are being sold for what appears to be half of what the previous owner paid for them.
I would love to see the Sacramento Area Real Estate Market improve in 2012
Let’s go Sacramento!
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Posted by: Chris Plumb at 1:23pm
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Friday, December 16th, 2011
3/2 Rancho Cordova Home
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Nice corner Lot home with 3 Bedrooms and 2 Baths
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Posted by: Chris Plumb at 10:10am
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Wednesday, December 14th, 2011
Are flips to blame for the current housing market?
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An article I read on AOL.com leads people to believe that investors who flip homes are a big reason why the people are going into foreclosures. I am not sure I believe this. I think it's investor that are taking advantage of an opportunity that other people can't because of the economy. People are losing their homes because of either predatory lending or no longer able to pay due to loss of job.
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Posted by: Chris Plumb at 3:22pm
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Monday, December 12nd, 2011
Could things get any worse?
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If you thought times were bad before, think again!
The rich get richer and the poor continue to lose as the new budget
Takes effect.
We all know times are hard and the economy is not the best but by cutting education and increasing college tuition is not the way to go about things. What will become of people in ten years or so after this economic downturn has reversed? With so many children being effected by budget cuts already in school and now more will be cut. What will happen to these kids? Do they even stand a chance at getting decent jobs that can improve the economy? Yes we are going through hard times but the future has to be considered because what goes on right now will GREATLY affect the future of the United States.
Source: Sacbee.com
TIER 1 TRIGGER CUTS
Targeted if revenue is forecast to be $1 billion below budget assumptions.
Cut UC budget: $100 million
Cut CSU budget: $100 million
Cut Developmental Services: $100 million
Cut In-Home Supportive Services: $100 million
Increase charges to counties for youthful offenders sent to state facilities: $72 million
Cut community college funding: $30 million
Cut child care funding: $23 million
Cut prisons budget: $20 million
Eliminate state grants for local libraries: $16 million
Eliminate specialized prosecution grants: $15 million
Extend Medi-Cal provider cuts and copayments to all managed care plans: $15 million
Eliminate funding for local anti-fraud efforts in IHSS: $10 million
Subtotal: $601 million
TIER 2 TRIGGER CUTS
Targeted if revenues are forecast to be $2 billion below budget assumptions.
Reduce school year by seven days: $1.54 billion
Eliminate school bus transportation: $248 million
Cut community colleges budget: $72 million
Subtotal: $1.86 billion
Total: $2.46 billion
Source: state Legislative Analyst's Office
Read more: http://www.sacbee.com/2011/12/12/4116082/californias-financial-forecast.html#ixzz1gMj7R3bA
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Posted by: Chris Plumb at 3:53pm
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Tuesday, December 6th, 2011
Knowing Short Sales
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I watch a webinar today and found out some useful information hope it helps.
When dealing with Short Sales it is important to make sure you as the agent is up to date with your States short sale process, it varies depending on your State and is you live in a judicial or non judicial state. It is also important to know if your state has anti-deficiency bill, so your borrower knows whether or not the lender will have a right to come back and ask for the balance owed. You can find out this information once you receive the approved short sale package back from the bank.
NOTE: it is important to look at the title report before going forward towards the foreclosure process. Having your title company run a quick title report will let you know how far into the foreclosure process the borrower is in. Why go through all the hard work just to have the bank foreclosure on the property before it sells?
Two useful websites
RealtyTrac.com
Foreclosures.com
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Posted by: Chris Plumb at 1:29pm
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Monday, December 5th, 2011
jobs on the rise!
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According to the Sacramento Business Journal “California sees 3% increase in construction jobs” This is nice to here because it gives a glimmer of hope that the economy is SLLLLLLLOWLY improving.
Great to Hear jobs are increasing :^D
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Posted by: Chris Plumb at 3:12pm
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Friday, December 2nd, 2011
Website
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Putting your listings on a website besides the MLS will benefit both the seller and you as an agent especially if it is on more than one website!
This helps other agents and buyers look at the property and as an agent you will get more hits on your website and more opportunity for future clients. Now more than ever soon-to-be buyers and sellers look to the internet in the beginning stages of buying or selling a house. And the more places your face appears on the good ol’ world wide web, you are more likely to increase your business.
Keep your websites user friendly and Good Luck.
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Posted by: Chris Plumb at 3:00pm
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Wednesday, November 30th, 2011
Investors Renting!
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I thought this was a nice article.
Instead of Banks renting out the properties they own, it’s nice to see investors buying houses and renting them to people you have lost a home due to foreclosure. Investors make money and families can stay in houses instead of smaller apartments.
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Posted by: Chris Plumb at 3:25pm
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Friday, November 25th, 2011
Happy Holidays
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The Holiday Season has Officially Began. This time of the year is spent with family and is considered the season of giving. I hope all had a wonderful Thanksgiving and spent it with the people you love, and for all that battle the black Friday crowd’s congratulations for making it out. :^D
Hope you all have a wonderful weekend.
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Posted by: Chris Plumb at 2:54pm
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Wednesday, November 23rd, 2011
8857 Timm Ave
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Great home priced very well in Fair Oaks, California, $134,664
3 Bedrooms, 2 Baths, big lot, Bank Owned, This house will make your dreams come true.
Plumb Realty
916 863 1880
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Posted by: Chris Plumb at 11:26am
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Monday, November 21st, 2011
Dual Agency
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Dual Agency
Every two years NAR conducts a Legal Scan which is when the NAR goes over certain issues that could potentially cause major legal problems for Real Estate professionals.
One major issue that comes up is Dual Agency. This is an issue because of fiduciary responsibility to your client. If you are representing both parties, how could you truly uphold this responsibility to both equally? This also is true if two agents from the same brokerage are in on the same transaction, because it would be very easy for those agents to share important and confidential information with each other about their clients.
According to www.realestatelawyers.com dual agency is defined as “when a real estate agent is representing both buyer and seller in the same real estate transaction. Since the agent has promised a duty of confidentiality, loyalty and full disclosure to both parties simultaneously, it is necessary to limit these duties in this situation, if both parties consent to dual agency law
This relationship involves the following limitations:
The Agent will deal with the Buyer and the Seller impartially
The Agent will have a duty of disclosure to both the Buyer and the Seller
The Agent will not disclose that the Buyer is willing to pay a price or agree to terms other than those contained in the Offer, or that the Seller is willing to accept a price or terms other than those contained in the Listing
The Agent will not disclose the motivation of the Buyer or the Seller to sell unless authorized by the Buyer or the Seller
The Agent will not disclose personal information about either the Buyer or the Seller unless authorized in writing
The Agent will disclose to the Buyer the defects about the physical condition of the Property known to the Agent
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Posted by: Chris Plumb at 3:50pm
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Friday, November 18th, 2011
Where are all the Job?
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The blog for today is about one of the reasons why there are so many short sales and foreclosures in California. The unemployment rate, has be above 11% since 2009 and has been very close to 12% in the last few months which if you take the population according to the us census 2010 of California there are 23,712,402 people over the age of 18 but under 65 years of age so 12% of that is 2,845,488.24, So close to 3 million people in our great state of California have no JOB. Does anyone else see a problem? We fortunately live in a society that is run by on money which is a good thing we exchange goods and services for currency. But how do all these people who do not work either because companies are downsizing or outsourcing more and more because its cheaper to do business in other countries provide for their families? It’s not just the citizens of California but as a whole nation we are all suffering. So because it only costs 12 cents a day to make a pair of shoes in another country yet that same pair of shoes still costs the same here but because that job was outsourced many can’t afford a new pair of shoes, they no longer have a job. It is a slippery slope situation because from a company’s view point they DO make more money however, don’t for the lower to middle class people they are the ones truly losing in this situation, while those bigwig executives are on vacation in Italy, the parents of Mary and John Low-Income are sending their babies to bed with hungry tummies in a place that they can’t afford anymore. We as a whole need to change something because without jobs there is no circulating money, without circulating money, the economy continues to decline due to the lack of consumer confidence, with lack of consumer confidence no one wants to spend money, which companies aren’t making money so how are they suppose to create jobs?
It’s a bad time right now and something needs to change!
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Posted by: Chris Plumb at 2:38pm
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Thursday, November 17th, 2011
Buyers Market
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Buyers Market
Right now in Sacramento, Ca area it is defiantly a buyer’s market, meaning that there is a lot more houses on the market than buyers. This is great for buyers but not so great for the sellers because buyers can find a house that fits their budget. However, in a seller’s market which is what we experienced a few years ago now the sellers where the ones with the advantage, Because there are very few homes on the market and the prices reflected that which just so happens to be one of the reasons this area has a lot of home owners losing their houses. The homes are no longer worth what they once were. The best market I feel would be a nice middle ground all should be happy.
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Posted by: Chris Plumb at 3:30pm
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Wednesday, November 16th, 2011
Wednesday
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I hope you are all having a wonderful Wednesday and trying to stay warm.
Until tomorrow
Diana Lematua
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Posted by: Chris Plumb at 3:00pm
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Tuesday, November 15th, 2011
Difficult Tenants
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Difficult Tenants
So I’m at a standstill with what to write about for today’s blog? I have “Google’d” and still I am coming up empty minded! So I will write about uncooperative tenants! As agents, when we are trying to sell a house or even ant to view a house that is occupied by a tenant, there are times were you feel like you are hitting your head against a wall. For whatever reason tenants can be challenging, they know they have certain rights and they uphold those to the fullest when it’s time to sell, yet when it come to maintaining the property well it seems as though they have a “I’m just a renter it’s the owners responsibility” mentality . Tenants can be a pain sometimes especially when they know they are losing control of a situation, i.e.: when the owner decides to sell the house. Stay calm and try to main a professional image.
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Posted by: Chris Plumb at 3:39pm
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Monday, November 14th, 2011
Energy Efficient Products
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Can energy efficient products really save you that much money?
We have all heard that we should change the “old” light bulbs to this new CFL’s because they are better and they can save you money. Starting out they can be costly, but overtime they can end up saving you money. Other major household appliances like the refrigerator, washer, and dishwasher use a lot of energy and by switching to the energy star appliances can really make an incredible difference in your yearly utility bill.
According to, the NATURAL RESOURCES DEFENSE COUNCIL, a new refrigerator uses less than half the energy as one that is 12 years old. New washers can not only save you money on your monthly electric bill but also your water bill and household expenses because they use less water and laundry soap, they are also gentler on clothing so your clothes can look newer longer. And for those new fangled light bulbs called CFL’s they might cost more upfront but can save you tons of money and saves enough energy to light three million houses per year and can prevent greenhouse gasses equaling to emissions of over 800,000 cars.
So let’s talk savings!
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Refrigerator
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$100.00
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Dishwasher
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$25.00
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CFL’s
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$200.00/lifetime
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Washer
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$110.00
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Total Savings
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$435.00
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Now that is great savings!
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Posted by: Chris Plumb at 1:44pm
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Friday, November 11th, 2011
11/11/11
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It is Friday 11/11/11 and it’s Veterans’ Day!
Let me first start out by thanking all Veterans’ out there for your service in the Military.
As this week comes to an end and the Week is upon us what are some things going on this weekend?
You can go out to the movies to see Puss in Boots
Stay home by the fireplace and read a new book for catch up on some T.V.
Meet up with some friends and go out to dinner.
Whatever this weekend has in store for you make it a great one, especially this day it’s a once in a lifetime day, Have a wonderful weekend and Be Safe!!!!!
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Posted by: Chris Plumb at 12:19am
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Thursday, November 10th, 2011
Oh Freddie and Fannie
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Oh Freddie and Fannie, what is going on?
The executives from Freddie Mac, Ed Halderman (who is to step down at the end of the year) received $2.3 million in bonuses and Michael Williams from Fannie Mae received $2.37 million in bonuses, however both companies are now asking for more money from taxpayers. Freddie Mac is asking for 6 billion dollars in aid and Fannie Mae is asking for 7.8 billion to make up for its 7.6 billion dollars it has already lost.
They are a few things wrong with this situation. The fact that these executives are getting major bonuses while their companies are tanking is one problem. Number two, they both own about half of all U.S. mortgages which is worth over 5 trillion dollars. Number three, unemployment is still high at 9.1%. Number four, PMI is only paying claims at 50% right now. The nation is in one way obligated to help but then what about other companies or people who need help? Fannie Mae has already been given $112.6 Billion, when will it end?
If I don’t budget my money every month, no one is coming behind to “help” me out. I have to live within my means, I don’t understand why companies like Freddie and Fannie continue to ask for money that just isn’t there this nation is in debt!
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Posted by: Chris Plumb at 3:25pm
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Wednesday, November 9th, 2011
Tourism and house pricing
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Does living in a high tourist city affect the value of your home? And what are the benefits of living in a city where tourism is so high.
In many Cities and States where there is a higher percentage of tourism than other locations, property values appear to be higher. We are all aware of the high priced real estate market in Hawaii, New York City, San Francisco, Los Angeles, and Miami. These are just a few places that are known for both the high priced house and the large amount of tourism that goes on. Could it be a coincidence?
And what can first: tourism or high property values?
Hope you enjoy my blogs and Have a great day!
Diana Lematua
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Posted by: Chris Plumb at 2:04pm
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Tuesday, November 8th, 2011
Over Priced Homes
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Over Priced Homes
Over pricing a house is not the wisest thing to do. It wastes the agents and sellers valuable time. The agent most likely took the listing just so he/she would have a listing and to get some name recognition and the seller just wants to get money out of the house! This will eventually turn bad, real quick. When the house first goes on the market (well for about the first four weeks) Real Estate agents will look at it and wonder why it is so high, and the agent will most likely not show that house to their clients. And your client will be thinking you are not trying to sell the house because no offers have been submitted. But little do they know you have already done 5 open houses and printed many flyer (and got some new leads for other properties) but NOTHING for theirs. Then as time goes on, the house becomes a “steal” listing; the seller eventually and reluctantly decides to lower the price by $3000.00 and it begins to interest a few agents, but still no offers. Then finally it’s on the market for 90+ days and the seller is so upset and the agent is just wants this listing to expire. The seller then lowers the price to a reasonable market value and the house gets an offer, seller accepts and the house closes, 160 days after being listed as a traditional sell.
By the time the deal closes the agent is so overwhelmed and overworked, the seller more than likely will not refer the agent to friends, However it all could have been prevented by pricing the house according to market value.
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Posted by: Chris Plumb at 1:00pm
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Monday, November 7th, 2011
Safe Driving
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As the season starts to change and the weather is colder and the rain is starting to fall lets all be safe out there!
The roads and highways can take you too many different places, Cities, Towns, and States but we have to be safe of the road so we can get there.
Remember to change your wiper blades, check all your lights, check your tire pressure, and always drive for the conditions.
And remember go slower than you think in fog because it distorts your perception speed, you feel like you’re going a lot slower than you are actually going.
Bundle up and be safe out there!
Diana Lematua
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Posted by: Chris Plumb at 3:36pm
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Friday, November 4th, 2011
Neighbors
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How do you deal with the odd, loud, rude, and chatty neighbors?
I know, I know!!!
By never leaving your house! Well that would work but who actually would want to? If only you could screen the neighbors before you move into a house so could find out if it truly is a good house for you.
I’m sure I am not the only one who has neighbors they don’t like, so how do I deal with them?
Well the odd one’s, whatever you do, DO NOT make eye contact, always look preoccupied. The less you engage the more likely they will eventually leave you alone. Hopefully!
The loud, these neighbors don’t bother that much because I just close my windows however I usually just stay away and mind my own business.
The rude, WOW now we have all at one time experienced the “rude” neighbor they park in your carport, turn their head at you, or tease your dog in the backyard, whatever it is with these neighbors, all you can do is wait until they move so they will become someone else’s problem.
My favorite the chatty neighbors, they know everything about everyone on the block so it is nice to catch up with these neighbors’, occasionally but every once in a while they will catch you off guard and you have to talk to them. So here is what you do, if you are home; look out the window first if it is clear then go, go fast. However, if they are outside and you must leave, get your phone and pretend to be on it and briskly get into your car. Now coming home, you pull down your street and the chatty neighbor is getting the mail. What do you do? Well you can perform that handy phone trick again or park and look very busy in your car, look towards the passenger side and pretend to read papers. The neighbor will see this and go back into their house. Your coast is free and clear.
I hope you enjoyed this and have a wonderful weekend!
Diana Lematua
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Posted by: Chris Plumb at 2:30pm
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Thursday, November 3rd, 2011
Open Houses
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When holding open houses we expect to get leads and future clients but when is the best time or day to get the most traffic and what do you have at the open house to entice a call back?
Many agents hold open houses on the weekends just because it’s convenient and it's when most people have time to view them, but in this ever changing market , open houses during the week could prove to be beneficial. People, now more than ever are home during the week and mid-days because they work from home, have been laid off, taking classes during the day and working nights but for whatever the reason the next mid-day/evening open house held during the week could yield a great turn out.
What are good things to provide at your next open house so it could be the best one yet? I have brought candy which went over well especially with kids. I have heard that many people bake cookies so the house smells nice, you can also provide a list of a few other active homes in the neighborhood, maybe some pens with your contact information. I like to have a sign in sheet so I can at least get either a phone number or email address. And ALWAYS remember your business cards bring more than you think but never give out more than two to one person.
Good luck on your next open house!!!!!
Diana Lematua
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Posted by: Chris Plumb at 2:45pm
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Wednesday, November 2nd, 2011
Foreclosure Review
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Foreclosure Reviews
WOW banks have actually admitted they are at fault for something.
This is great news for many people who were victims to the foreclosures process from January 1, 2009 until December 31, 2010 which is over 4 million borrowers.
Bank of America, Chase, Citibank, GMAC Mortgage, HSBC, Finance, Wachovia, Washington Mutual, and Wells Fargo have all been named and said they would like to clean up the foreclosures and repay the victims’.
“When foreclosures flooded the system after the housing bust, many mortgage servicers became more cavalier in the way they handled foreclosures. Affidavits and other documents were signed by low-level employees who had little or no knowledge of what they were attesting to, attorneys hired to manage the foreclosure process were providing inadequate oversight and many bank employees were ignoring requirements to halt foreclosure procedures if loans were in the modification process.”
Victims have until April 30, 2012 to ask for a review, if it is found that there were deficiencies with how the foreclosure was handled or “financial injury” had occurred, people are entitled to compensation but the amount has not yet been set.
Diana Lematua
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Posted by: Chris Plumb at 1:16pm
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Tuesday, November 1st, 2011
REO Rental Program???
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This is not a bad idea or is it?
Senators are urging the Government to create an REO rental program, stating that 7.5 million homes have been in foreclosure since 2007 and 10.4 million homeowners are currently at risk of default.
This idea might actually help both the economy and regular folks at the same time but will it give the government and banks more power over the people. They would be the one setting the price for what the future renters would pay per month, and with the abundance of foreclosed properties and the power that the “BIG” banks already have, Could this hurt the average Joe who’s renting out his house for some extra income? This would be a dancing with fire situation. For renters, it would be a good idea, the banks would likely price the rents affordable because they have so much inventory; however, this will make it harder for small investors or our friend Mr. Average Joe to rent out thier properties.
Fact: There are so many foreclosed homes that are just sitting empty, as the banks continue to lose money and people continue to lose their property.
Fact: These empty homes are also affecting the home values of the neighborhoods in which they are located in
Fact: They are an eyesore; you can drive down one street and see 5 or 6 “FOR SALE” signs
SOMETHING NEEDS TO CHANGE AND QUICKLY
Where is that change?
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Posted by: Chris Plumb at 1:04pm
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Monday, October 31st, 2011
Biggest banks join HARP
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Happy Halloween
At midnight tonight October will officially be over but never forgotten because it has been a very active month. From the global financial crisis to the “occupy” protests, to the iPhone 4s being released then the death of Steve Jobs. Amanda Knox being released from prison to Bank of America being surpassed by JPMorgan Chase in total assets, this month has definitely been one for the record books. But before the printing should occur one of the biggest things to happen is….
Drum roll please…………………..
Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have signed up to be a part of the Home Affordable Refinance Program (HARP) This should be good news, but only to people who have a Freddie or Fannie backed loan. This is not for people who unfortunately were victims of predatory lending that was in full swing six or seven years ago. However, we do have to look at the bright side. This will help many people because unfortunately people can’t afford their mortgage payments anymore, do to various reasons, loss of job, divorce, adjustable rate increase, or they got sick. For whatever the reason, this program is there to help people stay in their homes. The CEO of Chase said that in some cases it could save people about $2,500 a year and that money could be spent towards the economy. Which is a good thought but more than likely that will not happen. So many people are in debt and with that money people would be more likely to spend it on what was already spent. Their personal debt! I do think programs that help people are good ideas but most times they do not live up to realistic standards or criteria.
The Idea is good I will give them that, but Idea’s and Reality are very different.
IDEA-I would love to take my Family on vacation to Disneyland!
REALITY- I can’t even afford food towards the end of the month for my kids.
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Posted by: Chris Plumb at 10:27am
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Friday, October 28th, 2011
Are HOA’s a good thing?
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Are HOA’s a good thing?
The relationship with your HOA can be rocky at times. HOA’s can help maintain property values and keep up the appearance of the neighborhood. For many people this is a good thing
In order for the appearance of the neighborhood to be maintained there must be rules that all have to adhere by. Some might be; you only have certain colors you can paint your house, no cars on the street at night, the grass must not exceed 4.25 inches, and you have to have no more than three trees in front of your house but no less than two. Some of this might sound ridiculous but those are the ways of the HOA’s. If you happen to violate one of these rules you WILL get fined.
A friend of mine left his SUV with boat on the street overnight, a few weeks later he received a picture of the SUV and boat with a letter that stated the violation and said he needed to pay $150.00 for the HOA violation. He did not want to pay. He wrote them 2 letters but they showed him no mercy. He ended up paying the HOA.
On the other hand many people have driven down streets and have seen “those” houses, the grass is so high you can’t see the walkway, an old refrigerator in sitting on the side of the garage, with four cars in the driveway and more on the street, and it looks like it hasn’t been painted since gas was 99¢/gallon. And those are usually the house that is right next to the home we are trying to sell as agents or it’s next to the house that shows pride of homeownership.
What do you think; Are HOA’s a good thing?
I do think HOA’s can be a good thing considering the other alternative.
Till monday
Diana Lematua
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Posted by: Chris Plumb at 12:22am
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Thursday, October 27th, 2011
Where are all the REO's?
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What are the REO's?
We have all heard that they should be coming soon and they should be based on how things are going. I am sure everyone knows at least one person who is late on their mortgage or is in the process of losing their home. Many people have tried to short sale their home and many have successfully sold the home. Then there are those people who haven’t paid in awhile and not sure what to do, should they sale, try to pay, or just wait until foreclosure happens? There are many issues going on with homeowners that are losing their homes but eventually if nothing is done then the bank will foreclose and it will become a Bank Owned property (REO). For the previous owner a foreclosure has now damaged their credit and will not be about to get a loan for awhile; however, for buyers it’s a good chance to buy a home because the Real Estate market is going well for buyers.
Average price of listings according to trulia.com as of October 19, 2011 for a 3 bedroom home are:
Fair Oaks -$238,000
Orangevale-$210,000
Folsom-$290,000
El Dorado Hills-$464,000
Granite Bay- $413,000
Sacramento-$215,000
Have a wonderful day!
Diana Lematua
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Posted by: Chris Plumb at 1:00pm
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Wednesday, October 26th, 2011
mandatory retirement
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Freddie Mac announces the CEO and 3 chairmen to resign. Two chairmen are to resign because of mandatory retirement within the company when you reach the age 72. How do you feel about mandatory retirement? As for the men of Freddie Mac I’m sure they will be just fine. But for many others would mandatory retirement at larger companies be a good or bad idea?
I can see both sides. It would be a good thing to make way for the new generation, the new ideas and a new business technique especially when companies are not doing so well because change is good for companies it keeps things fresh, on the other hand if I was told I had to retire I would be a little upset because you put so much time and energy into a company and now because I reach a certain age I can no longer work. For many people you start working at 18 years old and then after 54 years of working what will you do? Stay home and fiddling around in the garage or spend the rest of our days out on the lake fishing. Well now that does not seem so bad right?
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Posted by: Chris Plumb at 2:53pm
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Tuesday, October 25th, 2011
HARP and Foreclosure
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The President announced The Home Affordable Refinance Program (HARP) and to some it might be what they have been wishing for with no loan-to-value restrictions and appraisal fees waived, oh and you also have to have a Freddie Mac or Fannie Mae backed loan. However, you MUST be current on your payments for at least 6 months and no more than one late payment in the past year. If so you can save an average of $2,500 a year. This can help some people yes, but there are still many people who are losing their homes every month. The Mortgage Banker Association said that 1 in every 200 homes will be in foreclosure and every 3 months 250,000 new families will enter foreclosure. With these rising numbers of new foreclosures what will be the next step for the families or even the economy? Many people are a deer in headlights when it comes to how to handle the whole process of foreclosure, and according to mortgageloan.com there are 3 things to learn from foreclosure 1. Live within your means 2. UNDERSTAND your mortgage terms 3. Talk with your lender when you first begin having issues with your payment.
Thanks for your time!
Diana Lematua
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Posted by: Chris Plumb at 2:07pm
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Monday, October 24th, 2011
Cash For Keys
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Cash for keys, does it let the home owner keep some dignity?
I've been in the Real Estate industry for a short time (almost two years) but I have seen my fair share of the effects of foreclosures.
When I go view the now vacant homes that were once someone’s pride and joy I still get a little sad knowing that this was once someone’s dream and now it’s an empty shell that tells a story of the family that once lived there. I walk into a bedroom with purple painted walls and flower decals on the wall ad you know it was once a room fit for a Princess, down the hall you enter a room that has blue walls and sports decals on the wall know a little boy dreamed of being a baseball player. The Master bedroom where it was once a beautiful get away for the couple but towards the end it was less beautiful and more wanting to get away.
This is something many agents have seen; the sad effects of the horrible economy but as agents we are hopefully that this home will provide happiness for another family.
Money is tight for many people and offering homeowners cash for keys to help them move from their 4 bedroom 2 baths 2 story home into a cozy 2 bedroom 1 bath home doesn't seem so bad, Right?
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Posted by: Chris Plumb at 12:45am
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Friday, October 21st, 2011
Housing Market 2012
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We are now in the middle of October 2011 and the forecast for the 2012 Real Estate market is not looking so good. But why?
House prices are low and mortgage rates are good so why aren’t more people buying houses? Could the fear of another recession or lack of job security be just enough to deter most from buying a home?
We all know times are hard right now and people are not willing to spend their money in the unstable real estate market.
How is the market ever going to get better if people don’t have faith in the economy? The answer is… TIME: with most things, time is going to give people the peace of mind and security. As people watch the market slooooowly climb up and get to a point where people are willing invest in the Real Estate market once again.
Enjoy your Friday and until Monday
Diana Lematua
Chris Plumbs Assistant
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Posted by: Chris Plumb at 10:22am
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Wednesday, October 19th, 2011
5 bedroom home for sale in El Dorado Hills
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114 Longford Place
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El Dorado Hills, CA 95742
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Stunning home located in the gates of Serrano
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| Price |
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$384,900 |
| Bedrooms |
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5 |
| Bathrooms |
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3.5 |
| Square Foot |
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3,105 |
| Lot Size |
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9,496 |
| Community |
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Serrano |
| County |
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El Dorado |
| Property Type |
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Detached |
| Year Built |
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2002 |
| MLS Number |
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11051469 |
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click for more information and pictures
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| Property Description |
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| Immaculate home located on a prime cul de sac lot, in the gates of Serrano. This 3100 SF, 5 bedrooms, 3.5 bath home shows pride of ownership throughout with vaulted ceilings and a spacious, open floorplan. Upgrades include: granite tile kitchen, stainless appliances, and tile floor & fireplace. The downstairs master includes a spacious bath. The dramatic staircase leads to four bedrooms. The lush, green backyard is ideal for leisurely afternoons and court sports on the b-ball court. |
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| Features List |
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| • Granite Kitchen Tile |
• Stainless Appliances |
• Central Heat |
| • Central Air |
• Ceiling Fans |
• Double Oven |
| • Seperate Family Room |
• Seperate Living Room |
• Formal Dining Room |
| • Breakfast Nook Area |
• 5 Bedrooms |
• Walk-in Closet |
| • 3 Car Garage |
• Home is in a Court |
• Fireplace |
| • Large Patio |
• Sprinklers Auto |
• Gated |
| • Security Patrol |
• Butlers Panty |
• Gas Hook-up |
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Equal Housing Opportunity. |
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Posted by: Chris Plumb at 11:14am
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Wednesday, October 19th, 2011
1 bedroom home for sale in Sacramento
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4800 Westlake #2404
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Sacramento, CA 95835
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A Must See!!!
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| Price |
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$77,500 |
| Bedrooms |
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1 |
| Bathrooms |
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1.5 |
| Square Foot |
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1,125 |
| County |
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Sacramento |
| Property Type |
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Condo or Townhouse |
| Year Built |
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2005 |
| MLS Number |
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11068700 |
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click for more information and pictures
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| Property Description |
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| The first floor has a 1 car garage, foyer, and storage area underneath the stairway. The second floor has a 1/2 bath, family room, dining room, kitchen, and balcony off the family room. The third floor has the master bath, master bedroom with walk-in closet, laundry room with gas hook-up and cabinets above the washer and dryer, and nice size storage cabinets near the master bedrom. |
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| Features List |
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| • Gas Range |
• Central Heat |
• Central Air |
| • Ceiling Fans |
• Gas Hook-up |
• Dual Pan Full |
| • Community Pool |
• Great Price |
• B/I Microwave |
| • Dishwasher |
• Walk-in Closet |
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Equal Housing Opportunity. |
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Posted by: Chris Plumb at 11:35am
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Wednesday, October 19th, 2011
Fair Oaks, Ca October 21-23 2011
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Although it's Mid-October the weather has been warm. So what are your plans for the weekend?
Things to do in Fair Oaks
Friday, October 21, 2011
Enjoy the kick off to the weekend with a great movie. Dolphin Tale is a great movie to take the whole family to.
Kids will love it and Mom's might tear up towards the end but an overall good movie.
Saturday, October 22, 2011
The weekend is here! Saturday is a great day to pack a picnic lunch and have Family fun day at a Fair Oaks park.
Sunday, October 23, 2011
Pick up me fresh fruits and veggies at the Carmichael farmers market at the Carmichael Park.
I hope you enjoy the Weekend of October 21- 23 2011.
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Posted by: Chris Plumb at 11:57am
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