HUGE Real Estate Tip for Homeowners

Posted on May 16, 2012 by Gena Riede

El Dorado Homeowner

Recently, I heard of an El Dorado homeowner who is being sued by a sub-contractor for a pool, which isn’t finished by the way.   The hired Contractor did not pay the sub-contractor for the work and not only that, the pool contractor let his license expire since he didn’t pay the required $12,500 bond.

Steps to Protect Homeowners

It is so important for homeowners to understand that when they hire a contractor to remodel or build anything at their home, that they first and foremost check the contractor’s license with the State contractor license board, not only once but also before you pay them any money.

How this El Dorado homeowner could have avoided being sued by the unpaid sub-contractor was whenever writing out a check for a portion of the work being completed, always write the check to both the contractor and sub-contractors.  This way both individuals have to sign off on the check before it is cashed.

It is also a good idea to have the contractors sign lien releases as their work is completed.  Just a good real estate tip from a REALTOR® to protect you.

Be smart and don’t just think about how much a job will cost at the beginning of the project but how much it will cost you in the end if you don’t do things the right way!

Check out all my other homeowner tips at real estate tips and Homeowner Video Tips

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Sacramento Real Estate Market Report for April

Posted on May 14, 2012 by Gena Riede

Sacramento Home Inventory is Down

The numbers are in for April as compared to a 15 month period for all of Sacramento County for real estate which includes all residential sales on the MLS.

Inventory continues to plummet in the Sacramento area which means only one thing…multiple offers on homes for sale which as a REALTOR® I continue to see in all four surrounding counties. With only 1.2 months of inventory based on closed home sales this leaves home buyers scrambling to get the house they want.

Sacramento Short Sale Report

Same song, different month…inventory is low with fewer short sale for sale again in April with the Pending home sales off the graph, indicating a slow practice by the banks in responding to short sale approvals with sold short sales by -6.4%.

Just 1.1 months of inventory making home buyers vying for many of the same short sale homes for sale.

Hopefully,  next month we should see a change in the Short Sale report with banks accepting home buyer offers sooner and more in the sold category.

Sacramento Bank Owned Market Report

No surprise, inventory of bank owned homes for sale has continued to downhill each month with April having -72.3% fewer homes over a 15 month period.  There is .7 months of inventory on the market based on the closed sales.

If you want to see the current bank owned homes for sale just click on Foreclosed Homes Newest For Sale.

This is a good sign for the real estate market.

Sacramento Traditional Home Sales Report

Inventory for the traditional homes for sale went up slightly over last month along with home sellers accepting offers, however homes actually moving into the sold position was down over last month by  -12.4%.

With the current available inventory for sale there is 1.7 months of homes for interested home buyers to chose from.  The average price per square feet shot up to $136 per/sf over last month’s average of $126/per/sq.ft.  Looks like the traditional home sale is making a come back!  Are you interested in the luxury homes for sale around Sacramento?  Just click on Luxury Homes.

If you are interested in knowing what homes are selling for in your neighborhood, just give me a call and I’ll be happy to supply you with the information.

And if you are interested in looking for homes for sale, look no further than Sacramento Real Estate Neighborhoods where you can set-up your own search and have new homes that hit the market come straight to your email.

 

Other Sacramento Real Estate Market Reports:

Sacramento Real Estate Market Report for March

Sacramento News Stations Are Wrong About Real Estate

Sacramento Homes Market Report

 

 

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Elk Grove Short Sale with Federal Tax Liens

Posted on May 11, 2012 by Gena Riede

Elk Grove Short Sale

In Elk Grove I am meeting with a seller who is having trouble paying his house payment and they have Federal tax liens on the house.  Soon, the house will be listed for sale as a short sale.

If you are a homeowner struggling paying your house payment, the phone is ringing with people wanting money and you don’t even want to open your mail, there is a remedy to stop the stress that you are going through.  Many homeowners have experienced the same emotions you are going through.

Elk Grove Short Sale Agent

As an Elk Grove short sale agent, I sit down and confidentially talk to you about the options you have as a homeowner.  Many times, a short sale is the best route for homeowners having difficulty paying their house payment.

Short Sale and Federal Tax Liens

If you have Federal tax liens on your home, it doesn’t mean you can’t sell the house.  I will provide all the forms for you and we can still sell your house.  It takes a little longer since after the bank accepts the short sale I will then need to send the bank’s approval and all the forms to the Federal tax board.  But, it can be done.  This of course doesn’t free you from the Federal taxes owed, nothing will free you up on that but at least we can get it off the house.

So, if you want to stop having to dodge those phone calls and living with the stress, just give me a call and let’s talk to see if a short sale is the best thing for you or if there are other options for you.

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