College-Glen Real Estate Update Q1 2012 - Sacramento, Ca - College Greens, Glenbrook

Real Estate Agent, Doug Reynolds, is a resident and specialist of the College Greens/Glenbrook neighborhood in Sacramento, Ca.  This video details the 2012 first Quarter Real Estate statistics in the neighborhood.  He also shows a comparison to last quarter and the quarter from one year ago.  In 2012 Q1, the neighborhood saw an unusual spike in distressed bank owned properties.  These poor condition sales drove down the median price.  But don't be fooled, the neighborhood is currently experiencing a Seller's Market.  The homes that show well, are marketed well and priced right are getting multiple offers, over list price in just a few days.  A good quality 3 or 4 bedroom house in the neighborhood is now selling between $230,000 and $250,000.  And there appears to be some appreciation still to come as well look into Q2.

Call or email Doug Reynolds if you have any Real Estate needs in the College Greens/Glenbrook neighborhood. www.CollegeGlenRealEstate.com 

clear skies,

Doug Reynolds

 

www.BHGshortsales.com

Doug Reynolds Real Estate has upgraded their Marketing Department to better serve Buyers, Sellers and Investors in Sacramento Real Estate

We’ve Upgraded our 

Marketing Department !!!

My Daddy is working hard every day to provide you with great real estate content so that you can stay up to speed with the current market. Pwease like him on Facebook, Subscribe to his YouTube channel and follow his blog.  New stuff is added nearly every day and it’s also a great way to refer a buddy, co-worker, family member or play-date that needs to buy or sell in the Sacramento Area.  Did you know that: there is currently more demand for houses in our area than there is supply and that a few more homes on the market in our area would be a good thing, the current buyers would quickly absorb that extra supply…or that Mortgage interest rates are now lower than they have ever been in history.  Well, don’t worry, my Daddy knows all that and even more.  Thanks for supporting him.

Gold fishes and cartoons,

Daddy's Little Girl

Doug Reynolds

916.494.8441

www.SellWithDoug.com

             

He loves referrals. It means he can work with people just like you!

Don’t Forget To Save Money On Your Taxes This Year

Homeowners should be aware of these tax breaks that they may be eligible to receive. Consult a Certified and licensed Tax Professional.

• Mortgage interest: Homeowners are generally entitled to reduce their taxable income by the amount of mortgage interest they pay, as long as they itemize deductions on their tax returns. 
• Private mortgage insurance: Homeowners who are paying PMI likely will be able to fully deduct the amount, as long as their adjusted gross income is $100,000 or less ($50,000 for married taxpayers filing separately).  Borrowers with incomes above $100,000 may qualify for a partial deduction.
• Energy-efficient home improvements: If windows, doors, or skylights that meet the requirements of the federal Energy Star program were installed in 2011, homeowners can get a tax credit equal to 10 percent of the product’s costs.
• Points: The charges a borrower paid in points to get a mortgage are generally deductible if it was a first mortgage on the property.  In the case of a refinance loan, all or some of the point charges might be deductible, but it gets complicated.

·         Property taxes: The amount paid in property taxes is deductible as long as it is based on the assessed value of the property.  If the mortgage company collects money for property taxes, the amount actually paid should be on the 1098 form lenders send out each January.

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

 

History of Sacramento Real Estate 1986 - 2012

Doug Reynolds, a Sacramento Area Realtor, gives a detailed analysis of the median Sales price in Sacramento Real Estate.  He discusses the ups and downs of the past 25 years in the area.  Doug also discusses the fact that since interest rates are historically low, homes for sale inventory is low and buyer demand is high.  Due to those factors, he feels 2012 is the bottom of the market and the beginning of a new moderately climbing market.

What do you think is going to happen in the next 5, 10 or 25 years???

clear skies,
Doug Reynolds
 
www.BHGshortsales.com

 

College Greens / Glenbrook Sales in February 2012 (Sacramento, Ca)

There were 12 homes sold in College Greens / Glenbrook for the month of February, 2011.  That is a small increase from the 11 sold in January.  Here are the addresses and specific information.

Currently there are: 18 Active listings, 10 Active short sale listings, 14 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

Pay Off Mortgage Early To Save Money

By Marcie Geffner, Associated Press

Paying off your mortgage might sound like an ambitious plan, especially if you have recently refinanced into a 30-year term. But it's still smart for homeowners to give some serious thought as to how they'll pay off their home loan; if not in 2012, then sometime.

An early mortgage payoff can net substantial interest savings compared to making scheduled payments for 15 or 30 years.

Paying more quickly reduces your housing cost, freeing up that money, says Ronit Rogoszinski, a wealth adviser at Arch Financial Group in Garden City, N.Y. You'll still be responsible for property taxes, homeowners insurance, and home maintenance and repairs.

Some might argue for allocating more cash to investments instead of eliminating low-cost debt, says Alfred McIntosh, principal of McIntosh Capital Advisors. But he encourages homeowners near retirement age to be mortgage-free.

To pay off your mortgage early:

- Add an extra amount, say $50 to $500, to each monthly payment, Rogoszinski says. Don't sacrifice necessities, such as sustenance or medical care.

Some homeowners add enough to their monthly payment to make one extra payment each year. McIntosh explains the math: Divide one payment by 12 or multiply one payment by 10 percent, and add that to the amount each month. Make sure the extra money is applied to principal, not interest or your escrow account.

One way to make that extra payment less painful is to make payments every two weeks instead of every month. The result is 26 half-payments instead of 12 full payments. McIntosh says biweekly payments can knock approximately six years off a 30-year term.

clear skies,

Doug Reynolds

 

www.BHGshortsales.com