Thursday, December 29, 2011

2011 Year in Review – Sacramento County Real Estate




Doug Reynolds, a Sacramento Area Realtor, discusses the local real estate market while looking back at 2011.  He highlights the flat median sales price, extremely low inventory, buyer competition, high sales volume and the current “Price Sensitive Sellers Market.”  This is a great video for buyers are sellers to get a quick update on what happened during 2011 in the local market.  Remember, real estate is mostly a local issue; you cannot listen to the national news and trust that is what is happening in your market.  Connect with Doug Reynolds on Facebook, follow his informative blog and subscribe to his YouTube channel.
clear skies,
Doug Reynolds
 

Monday, December 5, 2011

College Greens / Glenbrook Sales in November 2011 (Sacramento, Ca)


There were 15 homes sold in College Greens / Glenbrook for the month of November, 2011.  That is the same from the 15 sold in October.  Here are the addresses and specific information.


 

Currently there are: 27 Active listings, 7 Active short sale listings, 13 Contingent Short Sales  and 13 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about. 
clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Saturday, November 12, 2011

Is the Zillow Zestimate the correct value for my home in the Sacramento area?




Doug Reynolds, a Sacramento Area Realtor,  discusses the topic with a local appraiser. Ryan Lundquist, Lundquist Appraisal Company, discusses the pros and cons of Zillow and also talks about how to go about finding a qualified appraiser.  Give Ryan a call or email if you have any questions about the value of your home (http://sacramentoappraisalblog.com/)
clear skies,
Doug Reynolds
 
www.BHGshortsales.com
 

Thursday, November 3, 2011

College Greens / Glenbrook Sales in October 2011 (Sacramento, Ca)

There were 15 homes sold in College Greens / Glenbrook for the month of October, 2011.  That is a increase from the 12 sold in September.  Here are the addresses and specific information.



Currently there are: 37 Active listings, 10 Active short sale listings, 17 Contingent Short Sales  and 19 Pending Sales

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about. 
clear skies,
Doug Reynolds
 
www.BHGshortsales.com


Monday, October 31, 2011

Pricing Your Home Right: Art or Science?


When you and your REALTOR® sit down to analyze comparable homes and recent sales, you may find that prices of homes similar to yours can be thousands of dollars apart. 

It’s tempting to pick the highest price and say, “Let’s list it here.”
 That’s a strategy that usually works in an accelerating market, but what if your neighborhood is flat or declining? Would you pick the lowest price and list it there? Probably not.
 That’s why pricing your home is as much an art as a science.

The science of home price analysis

 As a home seller, the science is choosing the right price at which your home will sell. How do you do that? By analyzing your local real estate market conditions.
 You want the highest price, while the buyer wants to pay the lowest price. The only way your home will sell at the highest price possible is if your buyer agrees to your home’s value.
 To best determine market value, you have three important tools: CMAs, appraisals, and your REALTOR’s® knowledge of the market.
 The comparative market analysis
 A comparative market analysis (CMA) is a side-by-side comparison of similar homes for sale and recently sold homes in your neighborhood. CMAs are composed of data compiled for comparison purposes by your REALTOR’S® multiple listing service (MLS.)
 REALTORS® use CMAs to illustrate the range of homes in the marketplace and the features that make them unique, including age, location, number of bedrooms, baths, room sizes, updates, condition, etc. As a seller, you should be able to see where your home fits – in the top or lower price range of similar homes.
 Buyers get CMAs from their practitioners to help them understand the selection in the market, and to prepare them to make an offer on a listing.
 CMAs are typically used by buyers and sellers before an offer is made.
 The appraisal
 An appraisal is a market analysis performed by a professional appraiser using a variety of sources, including MLS data and conforming loan formulas.
 Appraisers most often work for lenders to determine market values, so that lenders can weigh the risk of making a loan to a home buyer. Appraisals come after an offer is made when the buyer applies for a loan.  Even though the buyer pays for the appraisal, the lender uses it to determine whether or not to make the loan at the contract price.
 Buyers have one advantage over sellers when it comes to appraisals – their bank has the last word. If the appraisal doesn't meet the contract price, the bank refuses to make the loan, unless the seller agrees to a new contract price. 
 You can hire an appraiser to help you determine at what price a bank will loan a buyer money to buy your home.
 The art of the deal
 It’s your REALTOR’S® knowledge and experience in the local market that can take the numbers and put them with other market conditions. She or he will help you read the market, and help you choose the right price, based on current trends analysis and news.
 Her experience with current customers tells her how buyers are behaving today. Are they paying top dollar, or saying they’re waiting for prices or interest rates to drop?  
 His network of contacts provide valuable intel into whether other sellers have run into problems. He helps you avoid the same issues. For example, did another seller lose a deal due to an inadequate disclosure or bank appraisal?
 Your REALTOR® knows your motivation, what you need to get out of the home financially, and your terms. While it’s her job to help you meet your goals, it’s also her job to help you face the realities of the current marketplace, whatever they are.
 His job is to help you price your home high enough that it sells quickly, without sitting on the market longer than you can afford. By the same token, his job is to make sure that you don’t list so low that the market questions the condition of your home.  
 And that’s where the art of the deal comes in – putting all the moving parts of the market together.  

It’s an art and a science


Ultimately, you are the one who will choose your listing price, based on your understanding of all the data. And the results will tell the tale.
 You can’t list and sell your home for any more than a buyer is willing to pay.
 And that makes pricing it right both an art and a science.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Wednesday, October 26, 2011

JUST SOLD!!! $230,000 for 8246 Lake Forest Drive, Sacramento Ca 95826

I just sold 8246 Lake Forest Drive, Sacramento Ca 95826.  The house is in College Greens, one of my specialty neighborhoods.  My seller client bought the house in the summer and spent the past few months remodeling the house.  The home sold in 4 days for over list price!  Take a look at the amazing transformation.

8246 Lake Forest Flyer

Tuesday, October 11, 2011

How to Lower Your Sacramento County Property Taxes





Doug Reynolds, Sacramento Area Realtor interviews a local Real Estate Appraiser (Ryan Lundquist, (916)595-373, sacramentoappraisalblog.com) Ryan discusses how to appeal your property taxes and get them lowered.  In some cases a homeowner can end up saving hundreds of dollars per year by successfully appealing their  assessed value.  Give Doug Reynolds or Ryan Lundquist a call if you have any questions or need any assistance with the process.


clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Monday, October 3, 2011

College Greens / Glenbrook Sales in September 2011 (Sacramento, Ca 95826)


There were 12 homes sold in College Greens / Glenbrook for the month of September, 2011.  That is a decrease from the 21 sold in August.  Here are the addresses and specific information.



Currently there are: 40 active listings, 9 active short sales, 15 contingent short sales, and 20 pending sales.
If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about.

clear skies,
Doug Reynolds

 
www.BHGshortsales.com

Friday, September 30, 2011

8246 Lake Forest Dr. Sacramento, CA 95826 - Video Tour



Doug Reynolds, Sacramento Area Realtor, gives a guided tour;Beautifully Remodeled and Updated College Greens home. Bonus Living Room provides additional space for a total of over 1,500 square feet. GE stainless steel appliances and Granite Countertops highlight the chef's dream kitchen with a breakfast nook, recessed lights and solid maple cabinets with quiet close drawers. 3 bedrooms with original hardwoods floors, remodeled bathrooms, dual pane windows and two closets in the master. Newly landscaped front yard with sprinklers, lime and lemon trees, newer heat and air, 2 year roof certification, and clear pest. NOT an REO or short sale. Close to light rail, river, shops, freeway, Sac state and bike trail. Excellent location, down the street from the swim and racquet club.

clear skies,
Doug Reynolds
 

JUST LISTED!! 8246 Lake Forest Dr, Sacramento, Ca 95826 -- Beautifully Remodeled

8246 Lake Forest Flyer

Tuesday, September 27, 2011

How do contingency periods work when I'm buying or selling a house in the Sacramento area?



Doug Reynolds, a Sacramento Area Realtor, discusses the ins and outs of the contingency period when you are buying or selling a home.  The three most important are: Inspection, Appraisal, and Loan.  The standard time period in California is 17 days but that time period is negotiable.  Most bank owned/foreclosure sales only allow 5 to 10 days for the buyers contingency period.  It’s very important to have a thorough inspection performed right away.  And it’s also important to have a very good loan officer that can perform the appraisal and get the loan approved within that time period.  Sellers – you want to make sure you agent is keeping an eye on the time period and making sure they are staying in touch with the buyer’s agent and lender.
(sorry for the quiet and weird sound issue, working on not having that be an issue in future videos)
clear skies,
Doug Reynolds
 

Friday, September 23, 2011

How to select a home inspector in the Sacramento area and what does a home inspector do?







Thinking about buying a home in Sacramento Area? Doug Reynolds, a Sacramento Area Realtor, interviews a home inspector while at a property. Kelly Morris of Morris Certified Inspections discusses the best way to go about selecting a qualified inspector, how long an inspection takes, typical costs, and what a home inspector does. Mention this video to Kelly and he'll give you $50 off your next home inspection. He covers all of the Greater Sacramento Area. Bottom line, Get a good quality home inspection when you are buying a home. It will be worth the money to know what you are getting into.
clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Tuesday, September 20, 2011

Free Movies at the Drive-In


This Thursday, September 22nd, the West Wind Drive-In is having Client Appreciation night. Transformers 3, Cars 2, and Pirates of the Caribbean: On Stranger Tides will be playing.
Pack the car full of the kids, snacks and blankets and enjoy a free night of Movies and family fun.  Arrive early as the crowds will be out.


clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Friday, September 16, 2011

Free Movie Night in the Park - College Greens - Oki Park


Councilmember Kevin McCarty and the College-Glen Neighborhood Association Presents:
Movie Night in the Park
Where: Oki Park in College Greens, 2715 Wisseman Drive, Sacramento, Ca 95826
When: Saturday, September 17, 2011  @  7:30 pm.
Movie: Gnomeo and Juliet
Free movie and popcorn.  Come on out to watch a movie with your family and neighbors.  Hope to see you there!



clear skies,
Doug Reynolds
 
www.BHGshortsales.com

Tuesday, September 13, 2011

What the Heck is a Shortsale?

Doug Reynolds, a Sacramento area Realtor, explains what a short sale is...talking about the process, the potential issues, what buyers and sellers should expect. The short sale process is a complex one and also unique to each individual home/borrower. If you are selling or buying a short sale, make sure you are working with a Realtor that is a short sale expert. www.BHGshortsales.com will provide you with tons of Short Sale information for free. Don't forget to subscribe to our video updates, and More information can be found at www.SellWithDoug.com , as well as our Blog and Facebook page (Doug Reynolds Real Estate)

clear skies,
Doug Reynolds
 

Wednesday, September 7, 2011

College Greens / Glenbrook Sales in August 2011 (Sacramento, Ca 95826)


There were 21 homes sold in College Greens / Glenbrook for the month of August, 2011.  That is an increase from the 16 sold in July.  Here are the addresses and specific information.

AddressBdBthSqFtLotSzDate$/SqFtDOM/CDOMSale PriceSP % LP
8800 Grayling Way42 (2 0)1,1390.338ac8/8/201184.81200/20096,600100
2614 Shad Ct32 (2 0)9440.134ac8/12/2011121.8240858115,000105.5
2532 Warrego Way32 (2 0)1,2560.140ac8/5/201194.7513/240119,000108.18
2618 Shad Ct32 (2 0)1,3640.192ac8/17/201195.31119/119130,000100.08
69 Mossglen Cir42 (2 0)1,2920.203ac8/26/2011102.9440700133,00098.59
57 Mossglen Cir42 (2 0)1,2920.162ac8/23/2011104.490/60135,00096.5
8261 La Riviera Dr33 (2 1)1,3700.030ac8/2/2011104.0140668142,500100
8913 Lanier Way32 (2 0)1,1390.170ac8/5/2011127.340858145,000104.32
2623 Whitewater Way42 (2 0)1,6310.147ac8/31/201193.1973/73152,00098.7
8772 Brigham Way32 (2 0)1,2880.190ac8/30/2011118.79216/216153,00097.14
2813 Tiber Dr42 (2 0)1,4680.126ac8/26/2011119.55120/120175,50097.5
8951 Salmon Falls Dr42 (2 0)1,1390.150ac8/31/2011154.4840637175,950103.68
8826 Woodman Way32 (2 0)1,1390.140ac8/9/2011158.03165/481180,00094.74
2652 Bridgeport Way42 (2 0)1,6010.179ac8/10/2011113.6884/84182,00091
8228 Rensselaer Way32 (2 0)1,4480.140ac8/30/2011130.5277/77189,00094.55
2828 Sandbrook Ct42 (2 0)1,6340.145ac8/24/2011116.28112/125190,00095.05
2436 Rio Bravo Cir43 (2 1)1,7730.126ac8/5/2011112.7820/258199,950100
2928 Naples St32 (2 0)1,4110.142ac8/12/2011166.5579/79235,00097.96
121 Waterglen Cir42 (2 0)1,5210.142ac8/30/2011167.650/0255,00098.46
2412 Rogue River Dr42 (2 0)1,8200.184ac8/9/2011146.1522/22266,00098.52
8221 Lake Forest Dr42 (2 0)1,6660.142ac8/12/2011165.070/0275,000100
Listing Count 21Averages1,397123.7264/104173,54898.59
High275,000Low96,600Median175,500

Currently there are: 40 active listings, 8 active short sales, 17 contingent short sales, and 16 pending sales.
If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  Check back each month for the updated statistics, as I keep a close eye on the 95826 zip code, where I live and own rental property.  Let me know if there are any particular properties you have questions about.


clear skies,
Doug Reynolds
 
www.BHGshortsales.com