This week is called the ‘Black Friday’ of housing

 

Interesting article from Fox Business based on a study by Realtor.com. I don’t always believe all the articles that come out, but this one is true in our local market. Now is a good time of year for buyers to take advantage of purchasing a home. Take a look at the article, it really does make sense and with the low mortgage rates still being around, now is a better time than ever to buy:

This week is called the ‘Black Friday’ of housing

By Ann Schmidt Published September 25, 2019 Real Estate FOX Business

 If you’re looking to buy a home, now is the time, according to one report.

The week of Sept. 22, is the best week to buy a home in 41 of 53 markets in the U.S., Realtor.com said in a prepared statement.

This week, compared to the average week during the year, potential homebuyers see less competition by about 26 percent, with about 6.1% more homes on the market, according to Realtor.com.

After analyzing data from 2016 to 2018, Realtor.com found that there also tends to be a 2.4 percent price reduction on about 6% of homes on the market, which makes this the “Black Friday” for homebuyers, according to the report.

“As summer winds down and kids return to school, many families hit pause on their home search and wait until the next season to start again,” Realtor.com Senior Economist George Ratiu said in a prepared statement. “With dramatically less competition, persistent buyers will feel the scales tip in their favor as eager sellers begin to cut their prices in an effort to entice a sale.”

“As seasonal inventory builds up and restores itself to more buyer-friendly levels, fall buyers will be in a better position to take advantage of today’s low mortgage rates and increased purchasing power,” Ratiu said.

Realtor.com found that regionally, homebuyers in the West have some of the best circumstances, with a 29.6 percent decrease in competition, a 4.2 percent price reduction on homes compared to their peak weeks and about 8.6 percent of homes seeing a price reduction.

If you have been thinking about purchasing your first home, buying a larger home or down-sizing, please contact me and I can explain the process and show you how it can be done. Call me direct at 916 408-2222.

 

842 Tartan Court, Lincoln, CA – Owned Solar, Pool, No Mello Roos!

842 Tartan pool

Located on a quiet court in the desirable Glenmoor neighborhood, this amazing home features tons of incredible upgrades! Owned solar, built-in pool and spa, new stainless appliances, hand-scraped hardwood flooring, oversized master and so much more. From the moment you drive up, you will be able to see how well this home has been cared for and maintained. You will appreciate the recent kitchen, den and master bath remodels as well as newer exterior paint. One of the best floor plans in the area, this home has no wasted space. Featuring 4 custom painted bedrooms including a huge master suite, this plan also has a useful den/office, formal living and dining rooms, white kitchen, family room and separate laundry room with cabinets and sink. Good quality built-ins, surround sound, fireplace with blower and custom, cased walls highlight the family room. The functional den/office has built-in desks and cabinets and a sliding, high gloss, white barn door. The kitchen includes white cabinets, granite and furniture quality island. Other upgrades include crown molding, whole house fan, security system, travertine flooring with decorative accents, solar screens, new carpet and custom paint throughout. In the spacious 3 car garage you will find epoxy floors, industrial cabinets and a workshop area in the single bay. Step into the back yard, your personal oasis. Take a dip in the pool or relax in the spa. This home is great for entertaining; imagine summer nights with evening BBQs and unwinding while watching the peaceful Koi in the pond. No Mello Roos results in huge savings!
Act now; call for more information and to request a private showing of this amazing home.

CLICK HERE FOR ADDITIONAL PHOTOS AND INFORMATION

JOIN US FOR OUR OPEN HOUSE 6/1/19 11:00 AM-1:30 PM

Now Available: Luxurious Country Home close to Town

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Spring is here and the trees are blooming! Come take a look at this incredible home while the weather is nice.

Your chance to own an amazing country home only minutes from town! No expense has been spared on this gated, private estate. The open floor plan features fine finishes throughout and eye-catching architectural details. The chef’s kitchen is the hub of the home and is appropriately appointed with custom, white “soft close” cabinets, striking granite counter tops, designer light fixtures and professional appliances including Viking range, SubZero built-in refrigerator, double Bosch dishwashers, pot-filler, farmhouse style sink and double ovens with a warming drawer. The gourmet in the family will appreciate the vast surfaces and prep sink that are perfect for preparing for those family get-togethers. Throughout the home the flooring is top-quality with wood, tumbled travertine, premium carpet and marble. You’ll love the fabulous master suite! The oversized master includes a retreat that is currently being used as a home gym, a fireplace, coffered ceilings with double crown, double walk-ins with organizers, outdoor access and an incredible master bath. The bath includes a large shower with bench and multiple heads, a jetted tub, “his and her” vanities and custom mirrors and fixtures. The handyman will enjoy the huge (almost 1200sf) garage. The park-like yard is a beautiful setting with a variety of trees and shrubs and a fenced-off back yard. The spacious back pasture is level and has tons of possibilities-barn, riding arena, shop, In-law cottage…You choose! Also worthy to note is the high producing well, whole house fans, triple zone HVAC with multiple condensors, batting cage, stream that runs through property and surround sound. This is a perfect home for entertaining!

Act now; call for more information and to request a private showing of this luxurious country home!

CLICK HERE for more pictures and property detail.

 

 

 

 

 

 

 

 

 

 

 

Changes

This year marks my 16th year in the real estate business in California. Looking back, it has been quite the ride with the cycles we’ve gone through and the many changes in the way that real estate is marketed and transactions are handled. Here are some of the changes that come to mind that some of the newer agents might have a hard time believing:

Paperwork- When I started, we were still doing 1 page contracts. Now, residential contracts are 10 pages and vacant land contracts are 11 pages. The seller disclosures have changed too. We used to only have 3 or 4 forms that were filled out. Our disclosure packets are now commonly in the 45 to 50 page range and that is the bare minimum.

Marketing and Multiple Listing Service- The MLS was available, but it was very unreliable and outdated even back then. We couldn’t post multiple pictures and entering listings was a real pain compared to how easy it is now. The print outs and screen views looked like some ancient DOS prompt page. As far as marketing, we did property flyers, newspaper ads and newsletters. Color printing was much more expensive and not readily available as it is now. Zillow and other sites were not around and we really didn’t do any internet marketing. The big thing was to have a sign rider that directed people to tune their radio to a certain AM radio station and it gave a property description. I had one of the new VW Bugs wrapped with advertising as one of my marketing tools. Marketing is so much easier now and within minutes numerous people know about a new listing.

Population- Lincoln was still a pretty small town in 2002 with a population of around 19,000. Communities like 12 Bridges and Lincoln Crossing were still dirt and farm land and Sun City was less than a quarter of the size it is now. Our population now is almost 50,000. Grocery shopping could be done at Rainbow Market or Safeway but a trip to Roseville was necessary for other shopping. For home projects you would take a trip down to Tofft’s Hardware store.

Home Prices- In 2002 newer homes were going in the low $200K range. Now, depending on location and upgrades, a new home under 2000 square feet will range in the high $300Ks to close to $500,000.

A lot has changed in the last 16 years, but one constant is that Lincoln is still a great place to live. Although some of the paperwork and ways of marketing have changed, my way of doing business of putting the customer first and exerting every effort to make sure your real estate transaction is smooth and profitable hasn’t changed. I still love what I do and get great satisfaction out of guiding my clients through a purchase or sale of what is usually their largest asset. Contact me, I’d love to put my many years of experience and understanding of Real Estate to work for you.

Also, who thinks I should bring the Bug back??

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Coming Soon! 1673 Calabasa Drive

1673 Calabasa Drive
1673 Calabasa Drive

1673 Calabasa entry

Coming Soon and won’t last long! This home is as neat as a pin and is a great floor plan with no wasted space. This home has been extremely well-maintained as has new carpet and paint, newer A/C condensor and appliances. Just under 1500 sf, 3 bed/2bath, NO HOA and very low Mello Roos. This is truly a move-in ready home for only $365,000. Call or message me for a private showing. 916 408-2222

Big and Beautiful 5Bed/4bath Home in Foskett Ranch!

1410 El Camino Verde Drive
1410 El Camino Verde Drive

Located in the desirable Foskett Ranch community, this spacious 5 bed/4bath home boasts an excellent, open floor plan and has a full bed and bath conveniently placed on the first floor. This quality-built Standard Pacific home has tons of great upgrades and more than enough room to spread out! The baker’s kitchen has granite counter tops, oversized tile flooring, under-cabinet lighting, top-of-the line appliances, gorgeous cabinets, butler’s pantry and a faux brick backsplash. The home has premium, plush carpet, ceiling fans, abundant canned lighting and is wired for surround sound. Each bedroom is unique in size, but all are much larger than your average bedroom. Two of the bedrooms feature a Jack and Jill bath with an extended vanity and dual sinks. The generous master suite has a sitting area, coffered ceilings and an amazing master bath. The bath has split, “his and her” vanities, sunken tub, shower stall and a walk-in closet the size of a regular bedroom! It also features custom mirrors, oiled bronze fixtures and an extra linen cabinet. This energy efficient home is well-insulated and the solar system will allow you to run the ice cold A/C without worrying about astronomical utility bills. You’ll love the summer nights sitting around the firepit on the vast, natural flagstone patio. Other features include a handyman’s 3 car garage with gorilla storage racks and lots of room for your toys and projects.

Act now; call for more information and to request a private showing of this clean, move-in ready home!

FOR MORE PICTURES AND PROPERTY INFORMATION, CLICK HERE

Brookview Beauty-Clean home on cul-de-sac in Lincoln, CA

112 Austin Court
112 Austin Court

Mr. Clean lives here! The original owner has taken incredible care of this beautiful Brookview home. Located at the end of a private cul-de-sac, you’ll love the wide streets as well as the convenience in proximity to schools and parks. This home sits on a large lot and has the potential for RV access on the right side and also has more than enough room to put in a pool. Under the covered patio is a great place to enjoy the outdoors and have a barbeque or take some time to relax in the spa. The other side yard is nicely set up for a dog run that includes a concrete pad and drainage. Inside of the home is just as nice as the yard! The open, flowing floor plan has a spacious living/dining room combo and is set up with a great room concept family room and kitchen. This plan is great for entertaining and has a good feeling of space. The handyman will like the oversized 3 car garage that has extra room for storage as well as overhead attic access. This is a good, solid home that is waiting for your personal touches. Don’t delay; homes this clean with a great location and NO MELLO ROOS TAX don’t last long.

Call today for your private showing

Offered at $394,500

FOR MORE PICTURES AND INFORMATION, CLICK HERE

Move-In Ready home in Lincoln, CA

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Move-In Ready! New Pergo handscraped hickory laminate flooring and paint make this home shine! This quality-built Centex home has been extremely well taken care of and is in a great neighborhood close to schools and parks.You’ll love the open, flowing, “great room concept” floor plan with 3 bedrooms and 2 baths. The well-designed kitchen has ample counter space, breakfast bar and a large pantry. This home has so much more! You will want to spend time in the inviting, spacious yard that includes a full length cobblestone patio, keystone retaining wall, a large garden shed and wide side yards. Other features include a security system, vaulted ceilings, ceiling fans, details such as wall insets and bullnose corners. No HOA, very low Mello Roos-What are you waiting for?

TO SEE HOME DETAIL AND PICTURES, click here

Call today for your private showing

Offered at $342,500

Favorite Things Friday – Activities in Lincoln, CA

carshow
Rods and Relics in Downtown Lincoln, CA

Okay, it isn’t Friday yet, but I wish it was! One of my favorite things is that I love the fact that there is always something going on in our community. It is fun to go to events and see friends and enjoy one another’s company. Whether it is a Christmas Parade, 4th of July Fireworks, Farmer’s Market or other special event, it seems like there is always a family friendly event to look forward to. Last Saturday, there was the Rods and Relics Car Show in downtown Lincoln. It was extremely well attended and more entries that I have ever seen in a car show downtown. There were various food vendors and some good music to listen to while checking out some of the amazing restorations. It was a good time for a few hours on a Saturday.

This week we have the Lincoln AirFest coming up (June 11th). It promises to be a great event. It seems like every year the air show at our little Lincoln Airport gets better and better. This year they are having a Youth Aerospace Expo, Helicopter and balloon rides and of course, some cool Warbirds. There is a pancake breakfast and then opening ceremonies at 10:00 AM. Under 18 is free and general tickets are $10. Check out their website here: Lincoln Airfest

I hope to see you there!

Spacious, Turn-key Home with Tons of Upgrades!

 

2188 Maloney Drive, Lincoln

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This beautiful home is located on a premium corner lot & has a spacious floor plan with all the right upgrades. Designed for utility & comfort, this home features a 1st floor master suite with jetted tub, upgraded bath, closet organizers and yard access. The kitchen boasts top-0f-the-line cherry wood cabinets, GE Profile appliances, veggie prep sink, gas cooktop and walk-in pantry, with granite slab counter tops and natural stone travertine flooring. The hand-scraped, slightly distressed hardwood flooring flows through the family room, and formal living & dining rooms. Upstairs you will find an additional master suite along with a huge bonus room and plenty of bedrooms.  In total, this home has 4 full baths and a possible 6 bedrooms as well as a den and bonus room.  Crown molding, plantation shutters and built-ins, covered patios and oversized 3-car garage with cabinets & workbench are just a few of the addition features. This home has so much more to offer, call today for your private showing!  Offered at $629,000.

kitchen1 living room yard