Tuesday, February 25, 2014
Sacramento Real Estate Video Market Update February-March 2014
Doug Reynolds, a Sacramento Area Realtor, discusses the latest statistics and what's going on with the market at the beginning of 2014. The market experienced a typical January drop and should continue to bounce around in the foreseeable future. There's also an interesting "Gap" in the market right now between well priced, good looking properties and overpriced, poorly presented houses.
Monday, February 24, 2014
How do i get preapproved for a home loan in Sacramento? - VIDEO
Doug Reynolds, a Sacramento Area Realtor, sits down for a chat with Loan Officer/Lender Erick Perpich of Republic Mortgage. In this episode, Erick how to easily get preapproved for a home loan/mortgage in the Sacramento area.
To get preapproved so you can start home shopping in the Sacramento area right away, call or email Erick directly and he'll get back to you.
Erick Perpich
916.549.3577
eperpich@repmtg.com
www.ThePerpichTeam.com
Labels:
buyers,
buyers market,
first time home buyer,
mortgage,
video
Location:
Sacramento, CA, USA
Wednesday, February 19, 2014
Sacramento Real Estate Market update - February 2014
Sacramento
Real Estate Update
February 2013
ó The median price has been bouncing around for the past 6 months and will most likely continue to do so for the first part of 2014. Down a few months, up a few months.
ó The available housing inventory is up to 2 months. I expect to see that number slowly increase as we go through the year. A “normal” or “balanced market” is between 4 to 5 months.
ó The homes that are priced right, show well and have a high quality marketing plan are still getting sold but the buying frenzy has stopped. Price reductions are now happening and the listings that are over priced are sitting with no showings/offers.
ó High Demand and Low Supply/Inventory has driven the market prices up in 2013. The market is finally beginning to find a balance and seller’s power of the past 2 years is slowly shifting to be more equal this year. Slowly.
Tuesday, February 18, 2014
Nominate a Sacramento Teacher for a cash grant
Do you have an excellent teacher in you or your children's lives??? Well, now is the time to give them some much needed and appreciated recognition. Every year, my company, Better Homes and Gardens Mason-McDuffie Real Estate gives away dozens of $599 cash grants to Outstanding teachers all over Northern California. Take a few minutes to nominate a teacher that you know and appreciate.
Here's the details:
Connect with Doug Reynolds Real Estate via Facebook, YouTube, and Follow his Blog.
Here's the details:
Nomination form: http://www.bhghome.com/nominateteacher.aspx
This Spring, the teachers chosen for grants will be honored at Award Ceremonies with public acknowledgement of their achievements and a $599 cash grant to be used at their discretion. To date, our Foundation has awarded $818,000 to 1,365 special public school teachers throughout Northern California. Nominations are due March 31.
LIKE the Education Foundation Facebook page and receive updates! https://www.facebook.com/pages/Education-Foundation/115984038566504
Connect with Doug Reynolds Real Estate via Facebook, YouTube, and Follow his Blog.
Friday, February 14, 2014
Do you have a House Crush?
I'm not a huge fan of Valentine's Day but i did come across this Wall Street Journal article today, talking about "home crush" statistics about men and women falling for a house. Check it out, it's a fun read for today.
Connect with Doug Reynolds Real Estate via Facebook, YouTube, and Follow his Blog.
Connect with Doug Reynolds Real Estate via Facebook, YouTube, and Follow his Blog.
Why We Fall in Love—With Houses
By SANETTE TANAKA
Falling in love can be wonderful—and finding the perfect house can make a house-hunter weak in the knees.
As Valentine’s Day approaches, a survey by Realtor.com shows that falling head-over-heels for a house is fairly common—69% of respondents reported that they have had a home crush. House-hunters with a “home crush,” as defined in the survey, are drawn to the same house again and again. Realtor.com surveyed 1,082 individuals from Jan. 9 to Jan. 20 who reported having had a home crush.
Many people approach house hunting the same way they approach dating, by checking compatibility and fit, but the intangible factors are what tips a house from crush to true love, says Leslie Piper, Realtor.com’s consumer-housing specialist and an agent with Pacific Union in Lafayette, Calif.
“You have to make sure you know what’s really out there. You evaluate what is a turn-on and turn-off, and perhaps you’ll fall in love,” Ms. Piper says.
Also like dating, men and women approach a home crush very differently.
Some key findings from the survey:
Women are more likely to crush on home that is out of their price range: 41% of women said their home crush is out of their price range, compared with 30% of men.
Men tend to move from one home crush to another: 36% of men said they find a new home crush weekly, compared with 29% of women.
Outdoor living spaces are the most attractive home attributes to both men and women: 54% of women and 46% of men said outdoor living spaces like backyards, decks and patios make them fall in real-estate love. In addition, 42% of women preferred open-floor plans, and 40% of men indicated garages.
Labels:
did you know,
real estate
Location:
Sacramento, CA, USA
Tuesday, February 11, 2014
FHA now accepting E-Signatures on Real Estate Contracts
This is great news for the real estate industry. It is so standard now days for everyone (agents/buyers/sellers) to be using electronic signatures (ie DocuSign). Thankfully FHA is adapting with the times and showing a willingness to accept e-sigs moving forward. This just saves everyone involved in a real estate transaction one less step. Below is a short article about the news.
FHA Moves to Accept E-Signatures
DAILY REAL ESTATE NEWS | FRIDAY, JANUARY 31, 2014
The Federal Housing Administration announced that it will allow lenders to start accepting electronic signatures on mortgage loan documents. The FHA will accept the e-signatures on third-party documents, such as sales contracts and other documents not controlled by the lender. This also includes REO sales contracts.
The new policy is effective immediately.
“By extending our acceptance of electronic signatures on the majority of single-family documents, we are bringing our requirements into alignment with common industry practices,” says FHA Commissioner Carol Galante. “This extension will not only make it easier for lenders to work with the FHA, it also allows for greater efficiency in the homebuying and loss mitigation process.”
The FHA says it believes the acceptance of e-signatures will help streamline the loan origination process and help reduce document submission time frames for borrowers who are seeking options to avoid foreclosure too.
As part of this new policy, the FHA will not yet accept e-signatures on the mortgage note itself. However, the FHA says it plans to accept e-signatures on mortgage notes by the end of the year.
Labels:
did you know,
FHA,
real estate
Location:
Sacramento, CA, USA
Wednesday, February 5, 2014
Flipped Houses on the rise in America
Here's some interesting statistics about "Flipped Houses" within the US. (Remember, the profits talked about here are simply what they sold it for compared to what they bought it for. it is not taking into account the amount of money that was put into the flip or the closing costs for the sale).
Investors gobbled up 156,862 single family homes and flipped them
in 2013, up 16% from 2012 and up 114% from 2011, according to RealtyTrac.
Homes flipped in 2013 accounted for 4.6% of all U.S. single family home sales during the year, up from 4.2% in 2012 and up from 2.6% in 2011.
Flips accounted for 3.8% of all sales in the fourth quarter, down slightly from 3.9% of all sales in the third quarter and down from 7.1% of all sales in the fourth quarter of 2012 - the highest percentage of sales represented by flips in a single quarter since RealtyTrac began tracking flipping data in the first quarter of 2011.
The average gross profit for a home flip was $58,081 for all U.S. homes flipped in 2013, up from an average gross profit of $45,759 in 2012.
The average gross profit for homes flipped in the fourth quarter was $62,761, up from $52,746 in the fourth quarter of 2012.
4. Ocean City, N.J.
Flipped price: $467,113
Average profit: $140,716
Number of flips: 53
5. Los Angeles-Long Beach-Santa Ana, Calif.
Flipped price: $513,975
Average profit: $127,634
Number of flips: 2,116
6. San Diego-Carlsbad-San Marcos, Calif.
Flipped price: $475,306
Average profit: $120,180
Number of flips: 900
7. Santa Rosa-Petaluma, Calif.
Flipped price: $411,909
Average profit: $113,001
Number of flips: 125
Homes flipped in 2013 accounted for 4.6% of all U.S. single family home sales during the year, up from 4.2% in 2012 and up from 2.6% in 2011.
Flips accounted for 3.8% of all sales in the fourth quarter, down slightly from 3.9% of all sales in the third quarter and down from 7.1% of all sales in the fourth quarter of 2012 - the highest percentage of sales represented by flips in a single quarter since RealtyTrac began tracking flipping data in the first quarter of 2011.
The average gross profit for a home flip was $58,081 for all U.S. homes flipped in 2013, up from an average gross profit of $45,759 in 2012.
The average gross profit for homes flipped in the fourth quarter was $62,761, up from $52,746 in the fourth quarter of 2012.
1. San Jose-Sunnyvale-Santa Clara, Calif.
Average profit: $166,287
Flipped price: $704,762
Number of flips: 202
Average profit: $166,287
Flipped price: $704,762
Number of flips: 202
2. San Francisco-Oakland-Fremont, Calif.
Flipped price: $621,380
Average profit: $154,130
Number of flips: 584
Flipped price: $621,380
Average profit: $154,130
Number of flips: 584
3. Oxnard-Thousand Oaks-Ventura, Calif.
Flipped price: $510,906
Average profit: $143,578
Number of flips: 197
Flipped price: $510,906
Average profit: $143,578
Number of flips: 197
Flipped price: $467,113
Average profit: $140,716
Number of flips: 53
5. Los Angeles-Long Beach-Santa Ana, Calif.
Flipped price: $513,975
Average profit: $127,634
Number of flips: 2,116
6. San Diego-Carlsbad-San Marcos, Calif.
Flipped price: $475,306
Average profit: $120,180
Number of flips: 900
7. Santa Rosa-Petaluma, Calif.
Flipped price: $411,909
Average profit: $113,001
Number of flips: 125
8. Salinas, Calif.
Flipped price: $438,333
Average profit: $100,228
Number of flips: 69
Flipped price: $438,333
Average profit: $100,228
Number of flips: 69
Labels:
did you know,
real estate
Location:
Sacramento, CA, USA
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