Big Short Sale Incentive from BofA

Published by in Article, News on May 15th, 2012

Today, Bank of America announced a limited time incentive of up to $30,000 to complete a short sale. For more information about how to qualify for the incentive, check out my weekly real estate column, “Up to $30,000 in Short Sale Assistance,” over at Rocklin & Roseville Today.

If you or someone you know is having difficulty in making your payments on a BofA mortgage and have questions or would like additional information about the incentive, call me at the MagnumOne Realty office in Roseville, 916-290-9939 or send me an email to juliej@jalone.com.

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New Roseville Listing

Published by in Listing on May 9th, 2012

1337 Hidalgo Circle – Roseville: 
Cute 3 bedroom 2 bath home locate in nice neighborhood.  This home is well maintained, has curb appeal and a large backyard with covered patio. (more)

Offered at $125,000 - (Short Sale)

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Warm Days – Hot Market

Published by in Article, News, Open House on May 9th, 2012

The warm days are matching the new Sacramento/Roseville real estate market, both are becoming HOT! We have had phenomenal responses to several new listings with agents fighting to get their clients in contract. Our most recent listing at 1337 Hidalgo Circle in Roseville is so popular we have had to limit showing to one open house which is set for today. Without even seeing the house we are already in a multiple offer situation with several offers over the asking price.

Why are new listings so hot on the market? If you want an answer, check out my weekly local real estate column, “Home Prices to Rise,” over at Rocklin & Roseville Today. If you are out and about today, stop by and say hello, we will be at the Hidalgo home from 10 AM to 2 PM. I have not had a chance to build the web page for the Hidalgo listing but here is a link to the photos.

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May Changes

Published by in Article on May 2nd, 2012

The competition to buy a home caught buyers by surprise in April and will accelerate in May. Check my weekly Sacramento/Roseville local real estate column, “Bidding Wars Return,” over at Rocklin & Roseville Today or Sacramento Today.

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Price Up – Inventory Down

Published by in Article, News on April 24th, 2012

As inventory of available for sale homes decline we have seen our first year over year median price increase in California in the past 16 months. For details, check out my weekly local real estate column, “Home Prices Increasing,” over at Rocklin & Roseville Today.

Looks like our early summer is about to return to spring like conditions and I for one will miss the warm days and cool evenings but know they will return soon followed by HOT days and warm nights with dreams of the delta breeze.

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New Folsom Listing

Published by in Listing on April 23rd, 2012

109 Lembi Drive – Folsom:  Great Folsom home within walking distance of Old Town and other services price to sell quickly.  Here is what you have been looking for in Folsom, at beautiful 4 bedroom, 3 full bathrooms with almost 2,200 square feet of living space. (more)

Offered at $265,000
- (Short Sale)

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Short Sales Exceed Foreclosures

Published by in News on April 20th, 2012

Banks are agreeing to more short sales, and for the first time, short sale transactions are exceeding foreclosure deals, according to the most recent housing data from Lender Processing Services (LPS) Inc. 

In January, short sales made up 23.9 percent of home purchases, according to LPS. Meanwhile, foreclosures made up 19.7 percent of sales.

Just one year prior, foreclosures made up the bulk at 24.9 percent of transactions while short sales made up 16.3 percent.

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April Showers

Published by in Article, News on April 11th, 2012

Yes, it looks like we are in for some April showers to bring us May flowers! As the spring selling season heats up remember our local real estate market has changed and we are seeing multiple offers on homes which show well. This is particularly true in the under $300,000 market so if you or someone you know is looking for a home, make sure you are working with a Realtor who is providing listings as they come on the market and taking time to show you homes of interest. Being early to a property will give you an opportunity to buy rather than just to find out it is now pending.

The landmark $26 billion dollar settlement with the big banks has finally been approved by a federal judge. This means the aid to homeowners can now be delivered. For detail of which lenders, how the money will be used and help in finding out if your loan is eligible, check out my weekly local real estate column, “Foreclosure Settlement Approved,” over at Rocklin & Roseville Today.

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Can you believe bidding wars?

Published by in Article, Buyers, News on April 4th, 2012

I had a great April Fool’s Day idea but with the spring selling season upon us I got too busy and missed the day. Now I am getting ready for Easter.

I am working with several buyers and although not difficult to find homes they like, we have been late or getting outbid for them. This hit home when I read a recent report on bidding wars. Check out my weekly local real estate column, “Multiple offers are back!” over at Rocklin & Roseville Today.

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Rain, rain, go away…

Published by in Article, Rant on March 28th, 2012

I know we need the rain and snow but not every weekend! Now, with spring fully here, it would be nice to be able to enjoy the beautiful flowering trees rather than seeing the blooms flowing down the gutter.

Speaking of spring and new, we are seeing a growing trend among mortgage lenders offering incentives to complete a short sale vs. letting a home go to foreclosure. Check out my column this week, “Short Sale Incentives,” over at Rocklin & Roseville Today or Sacramento Today.

Okay, I know these showers will bring May flowers!

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