Must be the water!

Over the past month we have been struggling to buy a home for one of our clients in Elk Grove. He is a first time buyer but financially strong and not a picky buyer. Almost every time we have gone out looking at homes he finds one he likes and we write an offer. Our offers have been reasonable, generally offering below the asking price but nowhere near “low ball.” There is no shortage of homes on the market in Elk Grove and buyers should expect to have some negotiating strength.

To make a very long story short we have been unsuccessful. We have had three offers countered not only at the asking price but asking for our buyer to cover costs traditionally paid for by the seller. In one case we were unable to come to terms because the seller wanted a long escrow and then an 60-day rent back. We tried to verbally negotiate with one agent but that failed because she could not communicate with her client without something written. Our last offer, on a great small home which showed like new, looked solid until the agent disappeared for 4 days and found a cash buyer.

It is hard to believe the Elk Grove remains a seller’s market while the rest of the Sacramento area is more favorable to buyers. It must be the water there!

By the way, check out my weekly column, “California Housing Market; 2015Forcast,” over at Rocklin & Roseville Today or Sacramento Today.

Newcastle Listing on 3.8 Acres

2130 Twyla Lane – Newcastle 95658:  Here it is, a great 3-bedroom/3 full bath home on 3.8 beautiful acres with year round stream and pond in Newcastle. Live the life you have dreamed of and still be within minutes of the big city. Links: Virtual Tour
More Information
Photos 

Offered by Julie Jalone at $574,900

Coming Soon in Newcastle

We have great new listing coming up later this month in Newcastle. It is a wonderfully upgraded home on almost 4 acres with its own year round stream and pond. Check it out here and let me know if you or someone you know would like more details.

New Townhome Listing in Citrus Heights

6373 Wexford Circle – Citrus Heights 95621:  Great hard to find 3 bedroom condo in the desirable Greenback Townhomes of Citrus Heights,  With over 1,300 square feet of living space this home features a beautifully remodeled kitchen and bathrooms.  The large living area has laminate newer laminate flooring and the kitchen dining area have 18 inch custom tile floors. Links: Virtual TourMore InformationPhotos 

Offered at $155,000

Tired of renting but can’t buy now?

If you have been reading my blog, you know over the past several years I have been saying lenders will develop loan programs to help those financially responsible people who, through no fault of their own, lost their homes to foreclosure, short sale or can’t get a mortgage because of some other credit damaging event. Over the past six or so years we have helped many clients’ complete strategic short sales because they were so far underwater it didn’t make financial sense to keep making mortgage payments higher than what it would cost to rent the same house. Finally, we found a program designed to help those who are ready to live in a home before their credit report is.

I am going to provide the details of the program in my Rocklin & Roseville Today and Sacramento Today weekly real estate column but if you or someone you know is interested in learning more about what we are referring to as the “rich uncle” program, call me at the MagnumOne Realty office (916-899-6571) or send me an email to juliej@jalone.com.

Free Money

You can’t drive anywhere in the Sacramento and Roseville area without seeing sign twirlers pointing the way to new model homes and I love seeing them after so many years of almost no new homes being built. I guess it doesn’t surprise me that most buyers of new homes do so on their own and don’t request help. The builder’s onsite sales team does everything they can to get buyers to walk in on their own. Why, because they can maximize their sales profit when the buyer is not represented by an experienced agent. For more information and why there is free money for buyers of new homes, check out my column, Get Help When Buying a New House,” over at Rocklin Today and Sacramento Today.

Families for Early Autism Treatment

This Saturday, September 20th, Julie will be participating in the FEAT WALK to raise funds for Families for Early Autism Treatment. Julie is part of the Ben Wasylkiw Team who is the son of a very good client and a great young man who Julie got to know and love while showing homes to his Mom. This is a great organization which serves our local community and can make a difference for the next child who receives an Autism diagnosis. Help Julie raise funds for Ben and the hundreds of new and overwhelmed parents who call daily for help. More information
Donate here Donate $20 or more and we will share a bottle of our personally made “Big Bad Bear” zinfandel!

New Listing on Wallace Lake

32 Turnstone Court – Wallace (95254)Wallace Lake Estate home shows like new! Gorgeous open kitchen & stainless steel appliances, granite counter tops, tile flooring, Real hardwood flooring. Trail from front yard or back leads to a very nice walking trail around Wallace Lake, community is gated!     Links: More InformationVirtual Tour

Offered by Tabitha Gomez at $320,000

New Rancho Listing from Amber Lindsey

3016 Winchester Way – Rancho Cordova 95670:
Almost 1,900 SF of living space in this 4-bed/2-bath great family home with huge new family room addition and updated kitchen and lots of cabinet upgrades which make this kitchen a show piece! (More Information)

Offered by Amber Lindsey at $235,000

Crossing the Line

It seems like recently we have been dealing with some agents who have a different idea of what you will do in the name of negotiating. I fully believe in representing our clients in strong and occasionally forceful manner but I think lying is not what clients want their agents to do on their behalf. We recently had to deal with an agent who when we submitted an offer, lied about getting other offers, lied about the ability to meet with their client and made the process of submitting the offer and getting into contract very distasteful. It is agents like this who add to the impression real estate agents are not very ethical.

My column over at Rocklin & Roseville Today is about why I believe the California and greater Sacramento housing markets are not performing better. Check it out, “What is slowing the California Housing Recovery?,” and let me know if you agree or have other reasons you believe real estate is not booming.

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