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.

 

OPEN HOUSE- Saturday, 8/10/19- 2025 Camino Verdera, Lincoln, CA

OPEN HOUSE 8/3/19 11:30 am to 2:30 pm
OPEN HOUSE 8/10/19 3:00 pm to 5:00 pm

Located in the prestigious, gated golf course community of Catta Verdera, this incredible 4036 sf home is loaded with modern and tasteful upgrades. You’ll enjoy amazing sunset views and city lights from the master balcony. Inside, you’ll be greeted with cool, custom grey tones that instill a calm throughout the home. The chef’s kitchen is perfectly appointed with gorgeous granite counter tops, oversized island with farm-style sink, double dishwashers, huge pantry and premium cabinets. The 5 bed/4bath floor plan is very well thought-out with ample living spaces and spacious bedrooms. There is also a home office room as well as a media loft. The master suite has hardwood flooring and opens to incredible views from the balcony. Off the master suite is the executive bath that features “his and her” walk-in closets, double vanities, huge shower with multiple shower heads, soaking tub and so much more. Other amazing upgrades include impressive flooring throughout, beautiful built-ins, outdoor fireplace and 2 patios, premium view lot that is waiting for your touches, 4 car tandem garage, energy saving solar system and so much more! Are you a golfer? This home is close to the driving range and club house of one of the best courses in Northern California. You will be impressed and challenged by the Catta Verdera Golf Course and can enjoy the fine amenities the Country Club has to offer if you choose to join. Come to the Open House Saturday, 8/10/19 3:00 pm to 5:00 pm or call 916 408-2222 for more information and to request a private showing of this amazing home!

CLICK HERE for ADDITIONAL PHOTOS AND PROPERTY INFORMATION.

For more information about the Catta Verdera Country Club, including membership pricing, Club history and additional events, CLICK HERE.

2025 Camino Verdera – 2016 build, solar home with upgrades and views!

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Located in the prestigious, gated golf course community of Catta Verdera, this incredible 4036 sf home is loaded with modern and tasteful upgrades. You’ll enjoy amazing sunset views and city lights from the master balcony. Inside, you’ll be greeted with cool, custom grey tones that instill a calm throughout the home. The chef’s kitchen is perfectly appointed with gorgeous granite counter tops, oversized island with farm-style sink, double dishwashers, huge pantry and premium cabinets. The 5 bed/4bath floor plan is very well thought-out with ample living spaces and spacious bedrooms. There is also a home office room as well as a media loft. The master suite has hardwood flooring and opens to incredible views from the balcony. Off the master suite is the executive bath that features “his and her” walk-in closets, double vanities, huge shower with multiple shower heads, soaking tub and so much more. Other amazing upgrades include impressive flooring throughout, beautiful built-ins, outdoor fireplace and 2 patios, premium view lot that is waiting for your touches, 4 car tandem garage, energy saving solar system and so much more! Are you a golfer? This home is close to the driving range and club house of one of the best courses in Northern California. You will be impressed and challenged by the Catta Verdera Golf Course and can enjoy the fine amenities the Country Club has to offer if you choose to join.

Act now; call 916 408-2222 for more information and to request a private showing of this amazing home!

CLICK HERE for additional photos and information

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

Do You Want to Buy a Brand New Construction Home?

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Thinking of Buying a New Construction Home from the Builder?

There are some things you should know.

Many people like the idea of purchasing a brand new home. There is the thrill of watching the construction process and choosing the upgrades you like, and something about knowing that you are the first to walk on the plush carpet, use the shiny appliances and take a bath in the jetted tub. This can be a very exciting time, but there are a number of things that you should know that will help you throughout the process. Take a look at this article before you head over to the sales office and put down a deposit on your desired lot.

First of all, although the people at the sales office may be nice, they are not looking out for your best interest as they have been hired by the builder to sell the house. Many buyers think that the process will be easier and that using the builder’s sales agent will result in getting a better deal. This is not the case, as builders generally aren’t very flexible on price and the job of their sales agent is to represent them and maximize their profits on each sale.  You need representation! A real estate agent that works for you will ensure that your interests are voiced and will negotiate on your behalf. If you choose to hire your own agent, they should accompany you on your first visit to the sales office. This will let the builder’s agent know that you are represented and the sales office will register him/her as your agent. Your agent can also insulate you from high-pressure sales tactics that a builder’s agent may practice.  It is best not to even casually go and take a look at the model homes without your agent. Some builders are very strict and will not allow you to hire your own agent if you have set foot in the office previously without your agent.

In addition, many buyers don’t realize that they are NOT responsible for paying a commission. Commissions are paid for by the seller or builder in this case. Builders rely on real estate agents to bring buyers to them. If buyers go to the sales office without an agent and contract directly with the builder, the builder will not credit them the cost of a commission that they would usually pay an agent. If they did, agents would cease to bring in buyers and it would eventually impact the builder’s sales. Really, there is no downside for a buyer to hire independent representation.  A buyer will pay the same cost for the home whether they have hired their own agent or not.

What are some other benefits of hiring an agent?

Representation – Your agent is looking out for YOU! They will advocate on your behalf and see that your voice is heard throughout the process.

Negotiation – While you may be a great negotiator and perhaps have experience doing so, it is always recommended to have someone else negotiate for you. Even the best negotiators follow this practice as an agent will not have the same emotional attachment that may blind a buyer. The agent can look at the deal from a different perspective that not only encompasses the price, but many other factors as well. While a builder may not negotiate on price (as they may have to answer to other buyers that paid more for the same home) an agent usually knows what they will discuss. Depending on the builder and the market, you may be able to get some free upgrades, closing cost credits, extended home warranty and perhaps some back yard landscaping or a patio slab that is larger than 3 x 3. A good agent will know what can be negotiated and how to be creative to make sure you are getting the best bang for your money.

Contract – How many buyers are really that familiar with real estate contracts? Although they aren’t that complex, agents look at them every day and have an understanding of what to look for to ensure sure you are getting a fair deal. I have caught mistakes on builder contracts more than once. Sometimes it is as simple as a math mistake and other times it is terms that were written in that hadn’t been discussed or previously agreed upon. An agent knows the contracts and knows how to make sure your interests are represented. Your agent should review the contract and notify you of any concerns prior to you signing a deal for your brand new home. They will make sure you are aware of contractual deadlines and that the building process stays on track.

Builder Quality and Reputation – Agents generally know most of the builders and will be able to share the information that they have learned over the years. Not all builders build the same quality of home. Some will use inferior materials, some have problems with quality control, some use different construction methods and so on. An experienced agent will know which builders are good about doing warranty work and which aren’t. They will also have seen how the builder’s homes stand up over time. This information can be extremely important and another piece in your decision making.

Financing – Builders usually have their own, preferred financing and will usually offer incentives for closing costs or upgrades if you finance through them. A good agent will be able to help you understand their loan programs and make sure you are able to choose the best for your circumstances. If the builder’s lender doesn’t have a program that works for you, your agent should be able to point you toward other lenders that may be able to help. I have had a couple situations where the builder still allowed the incentives even though the buyer used an outside lender.

Inspections – a builder will have walk-throughs at different points in the construction process. It is important that you have your agent there as they may be able to point things out and ask applicable questions that a regular buyer may not think about. You are also allowed to have an outside inspector look at the home to see if there are any issues you need fixed prior to closing or any other smaller items that can be repaired through the warranty process. Experienced agents will have qualified inspectors that they trust to find insufficiencies and items that a buyer will want repaired or replaced.

Recommend upgrades – An agent will know the latest trends, upgrades that are good for resale and how to choose complimenting and contrasting colors.  They will also know what upgrades may cost a lot but not add much value. They also understand which upgrades will be better to have done after-market that should save you money as well as giving you a superior product. Even though you most likely won’t move from your new home in the near future, an agent will look at everything from a “return on investment” standpoint. They can advise you on upgrades, lot choice, exterior elevation choices and other elements that can affect resale in a positive or negative way.

Knowledge of City plans – A good agent that focuses in a certain geographic area will know more than the builder’s sales agent about the city and about what is happening in the area. The builder’s agent usually lives outside the area and has a good knowledge of the homes, products and package choices that the builder offers, but doesn’t always know the details about schools and other upcoming developments like a hometown agent will. This information can be extremely valuable in making your decision.

Final thoughts and how to proceed – As you can see, there are many reasons and potential benefits in hiring an agent to work for and represent you. If you do decide to hire an agent, make sure that they are familiar with new construction and with the area. Have them take you through the models the first time you go to ensure that they are registered as your agent. Not only will your agent make you feel more comfortable in looking by insulating you from high pressure sales tactics, but they will also make sure you aren’t “blinded by the upgrades” and that you know what is included in the base price and what isn’t. They will take the emotion out and help you look at purchasing a home as a good business transaction that should help you increase your wealth over time.

Contact me today if you are thinking about purchasing new construction and I can guide and advise you through the process. The right agent really can make all the difference in the world!

 

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.

 

 

 

 

 

 

 

 

 

 

 

Country Luxury-2355 Virginiatown Road, Lincoln, CA

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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 fixture and professional appliances including double dishwashers and a built-in refrigerator. 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!

To see detailed property information and pictures, CLICK HERE

For the property video, CLICK HERE

Incredible Country Estate!

1020 Daniel Drive
1020 Daniel Drive

Enjoy the peaceful benefits of living in the country while maintaining a convenient proximity to town. Every detail of this “magazine worthy”, 5.2 acre estate is perfect. This home exudes curb appeal and the wrap around porch is great for enjoying views of the stocked pond and park-like yard. Inside is nicely appointed with a remodeled kitchen that has premium cabinets, stainless steel appliances, a huge pantry and laminate flooring. The living and family rooms both have brick fireplaces with oversized hearths and are the ideal rooms for relaxing and spending time with friends and family. The floor plan is very livable and includes a den with beautiful built-ins, a formal dining room, a spacious master bedroom and two other large bedrooms. The property is amazing and can be kept green year round with 2.5 inches of NID water. It is set up for horses with a front pasture, riding arena and 4 stall barn with tack room and wash rack. The handy man will be pleased with the 24” x 30” shop which is a great set up for wood-working. A 1200 sf guest home sits on the back of the property and has its’ own driveway and utilities. It is exceptionally upgraded with white kitchen, butcher block countertops, hardwood floors, wood burning stove, large deck, 2 car attached garage and much more. A property like this doesn’t come on the market very often. This is an amazing opportunity upgrade to your forever home.

 

Act now; call 916 408-2222 for more information and to request a private showing of this incredible country estate!

Click Here for video and additional pictures

66 Pond

 

Is Country Living your dream?

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Are you looking for that country property that has the potential to turn into a magazine cover worthy, beautiful country estate with a pond, white picket fences and everything else you can imagine? You really can turn that dream into reality, but if you haven’t had experience living on more than a small city lot, here are some things to think about as you start your search:

Location, Location, Location. Even in the county, some locations aren’t as desirable as others. When looking at country property, you still should consider distance to grocery stores, hospitals and other needed services. In addition, look at the neighboring properties and see what types of homes are  there and get a feel for the type of people that could be your neighbors. You probably don’t want to be next to properties that have a lot of old junk cars in the pastures or a lot of run down buildings. There are times that you will rely heavily on your neighbors and you want them to be the kind of people that are willing to step up and help when needed. The topography and other features are important as well. Everyone likes some trees and granite outcroppings but you don’t want to be on property that is too steep for livestock, orchards or even a simple garden. Flat land is great for crops, but most people don’t like a property without and trees or variation. Critically look at the property and think about the pros and the cons.

Water. Water is perhaps the most important thing for a country property. Good water and an abundance of water can add tremendous value to a property and allow you many options in further developing it the way you want it. Lack of water is a huge problem. When looking at country property, you will want to consider good output and quality of water for your domestic well. Having at least some irrigation water is also super important. In our area, irrigation water rights are through NID (Nevada Irrigation District) or PCWA (Placer County Water Agency). Depending on what you are doing with the property (how many people live there, if you have livestock, if you have orchards or crops etc.) your water usage and needs can range dramatically. Make sure you have enough water for your needs and enough that will make your property good for resale. Get a well test (output and potability) and check with the irrigation company to determine amount (measured in miner’s inches).
Property lines. Make sure that part of your deal is asking the seller to pay to have a 3rd party survey that clearly marks the property lines. It isn’t uncommon to see some variance between what a seller thinks the lines are and what they actually are. In addition, find out if there are any easements (road, utility, water) that could affect your property. You may also want to research if a property split would be possible that could add value in the future.
Cost of ownership. Owning a country property can involve some costs that you wouldn’t have in the city. Maintenance to your well(s) and septic system are just a couple examples. Depending on where you are, you may be required to carry extra fire insurance and your policy premiums might be higher. Due to the size of the property, other regular upkeep and maintenance can be higher than you would expect. If you have livestock, there are additional expenses you will incur. When living in the country, you will have to dedicate more time and money to the upkeep of your property than you would in town.
Other things to think about. Many times there are out-buildings or other structures (I’ve even seen ponds) that have been built or created without the proper permits. These should be disclosed, but it is worthwhile checking permits so it doesn’t cause problems for you in the future. Most times it isn’t a big deal, but is something you should be aware of. Also, be specific in asking about what is included (or what you want included) in the deal. Many times I have written deals that include tractors, round pens or other items that are considered personal property.
Country living is great and I don’t want to deter anyone that has the dream of that perfect home in the country. Placer County is a great area to find country property that is close to everything, but still out far enough to be “country”. It is important to educate yourself on country property and find the right professional that can lead you through the steps and help you make sure you are making a good decision and great investment. Call me if you have any questions about living in the country or if you want to start your search for your dream home.

Location, Location, Location!

With all the new innovations out there, there are so many ways to market your home. Whether it’s the more classic route or online, I try and get the best of both worlds. When it comes to getting your home out there, I’m always looking for the best avenues for maximum exposure as well as targeted marketing. With this in mind, I decided to try something new for some of my listings.
The area around these homes is really something that makes them special, so I jumped at the chance to have some drone videography taken. I thought that this would be a perfect way to not only highlight the home itself, but also the beautiful surrounding areas. For the home at 5181 Monteverde Drive, the rolling hills, scenic walking trails and praised Catta Verdera golf course, not to mention the breathtaking sunsets are major reasons why this is such a gorgeous and desirable area to live. At 2200 South Lakewood Drive, the peaceful and serene setting, nestled among the pine and oak trees makes for the perfect hideaway near the lake in Meadow Vista.

 

 

For details on this home, CLICK HERE

For pictures and additional information, CLICK HERE

Call today for a private showing of either of these great listings!