Single Story For Sale in Gold River, Rancho Cordova

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Diamond in the rough

•  1404 sqft , 2 bath , 3 bdrm single story FOR SALE  USD275,000 .

Clean cosmetic fixer waiting for you to bring to perfection! 1,404 sq foot 3 Bedroom (4 bedrooms possible), 2 full baths, 2 car attached garage with tons of potential. Similar remodeled properties sold above $320,000! Master bedroom has a walk in closet. Turn the family room into a 4th bedroom or remove wall between living and family room to make one very large living space. Central heat and air. Above ground pool. Nice sized back yard. Close to shopping and FWY access. Nice clean neighborhood.

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Single Story For Sale in El Dorado, El Dorado

Gorgeous Country Living

•  1593 sqft , 2 bath , 3 bdrm single story FOR SALE  USD449,888 .

Spectacularly remodeled and updated 3 bedroom, 2 bath 1,593 sq foot home with a 2 car attached garage on over 2 acres of horse property. Shows like a model home! This is El Dorado Country living at its best-in style & comfort. Large RV parking with clean out et al. Room for all your toys. large Living room with free standing wood stove. Master bedroom and bath with dual sinks. Large Wood deck along back of home with Master bedroom and living room access looks out over the back rolling pasture with many mature oak trees and a rock outcropping. Small forest of oaks surround lot.

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Who You List Your Home or Property With Does Matter!

Today I had one of those very satisfying days. I closed a duplex in the Meadow View area for the highest price a duplex has sold out there since the fall of 2008-$410,000.00.

What makes it realy satisfying is that the first few days it was on the market I received an email from another agent telling me how over priced my listing was. That she looked at the comps and she thought it was worth only about $325,000 and that is what her buyer would offer my seller. Of course I didn’t respond to her email.  I get them all the time from other timid agents who either don’t know how to price property correctly, or who are looking for a quick commission so they purposely list them below market value.

The property I just sold appraised at the $410,000 list price and closed at that amount. Just imagine if my seller had listed their property with her, or an agent like her?! They would have lost $85,000 in equity proceeds!  $85,000 of their hard earned money, gone-poof because they listed with the wrong agent.  Yet I see this everyday, agents who get sellers to list their property’s for under $20,000, $40,000, $60,000 or more under market price.  And I hate to say this but, these agents come from the Big Real Name Estate companies as well as small companies.

Who you list your home with matters a great deal. Don’t leave money on the escrow table when you sell. Hire the best, me, and dont sell like the rest-way too low!

-Craig J. Townsend


Single Story For Sale in Del Paso Heights, Sacramento

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Cosmetic fixer

•  919 sqft , 1 bath , 2 bdrm single story FOR SALE  USD179,900 . Great Property

This property has cute going for it! Just looking for the right owner to fix it the rest of the way up. Large 919 sq foot 2 bedroom 1 bath house with a detached storage building. New roof was put on approx 5 years ago.

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Single Story For Sale in North Sacramento, Sacramento

Off Market Listing

•  916 sqft , 1 bath , 3 bdrm single story FOR SALE  USD165,000 . Investors Special

Investors Special, off of MLS market listing. (DO NOT DISTURB TENANTS!) This 3 bedroom 1 bath 916+ sq ft cottage (garage was converted to a bedroom buyer to confirm sq footage) was taken down to the studs by the present owners after their purchase in 2008. It has been rewired-insulated-completely new kitchen-new bath- new flooring-new paint, recently put on new comp roof. Rent is below market at $790 presently, but can rent for $950 to $1,100. Tenant has been in the property for over 10 years and pays on time and would like to stay. Tired of getting beat out of buying properties listed on the MLS? Then buy direct!. (Buyer broker/agent commission of 2.25% per listing contract)

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Why Aren’t Realtors Fighting the Rent Control Measures?

As  a Realtor® there are many times I scratch my head about what legislation and policies the California Association and local Association of Realtors® is backing. The coming rent control measures is no different. Here are two disastrous Rent Control measures that will pillory landlords, drive up rent prices and cause a massive rental housing shortage far worse then we have right now, and nary a peep is heard from C.A.R. and the rest of the Associations.

One must remember though that special interest groups gain off of “progressive” policies. In this case Realtors® are set to have a wind fall drop in their laps.  There has been a very tight housing market the last few years with far too few properties for sale on the market. It seems no one was selling. Now with the coming wave of debauching the landlord looming over all our heads this logjam is about to burst! Already smaller investors are beginning to list their rental properties for sale. The Block Busting of investors is truly about to begin.  FEAR will drive the coming housing market as landlords seek to dump their investment proprieties on the market to get out from under the STATES draconian rent control.

This is a boon to real estate agents sitting on the sidelines waiting to sop up all of this extra listing and sales potential. So, why fight a quick and easy way to make thousands of dollars of of the misery of landlords? The flip side of things is that as these properties hit the market the price of housing will go down making it more affordable for first time home buyers. Previous renters kicked out of their rentals as they are sold will have very little choice but to buy a home, or go homeless.  So now we get a twofer. The Housing Market booms!

So in the short term real estate agents will win big, but in the long run it will be a disaster.  Thousands of rental properties will be converted to owner occupied dwellings. Thousands more will sit vacant as landlords will be reticent to rent to new tenants under the new laws.  Rental housing starts will fall as builders and investors will not want to build new apartment buildings under the new draconian laws.

Everywhere rent control has been tried it has had the same disastrous results, rents increase, rental housing  decreases until it becomes a chronic shortage and yet the economically illiterate and the historically ignorant continue to think that human nature and the laws of economics can be changed by mere emotional whim and State interference in markets.   The problem with the emotional reaction to do something now, is that the law of unintended consequences stalks your every move.

The only real world solution to any resource shortage is building more supply. The California legislature and local governments desperately needs to make it easier and far less expensive to build housing throughout the state. If they loosened the reigns here, then the number of rental housing units built in CA would increase dramatically, and this new supply would bring down all rental prices.  This is the only real world way to do so, everything else is just fantasy by people who believe that the economy can be run on whim, unicorn flatulence and fairy dust.

So, if you want to double the homeless population then by all means pass your draconian rent control measures, but if you want real world solutions to the housing issue, then what you need to do is make it cheaper and easier to double the supply of rental housing.

Some links to articles about rent control;

Rent-control initiative could obliterate state housing markets



Single Story For Sale in South Oak Park, Sacramento

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Charming Fixer

•  1152 sqft , 1 bath , 2 bdrm single story FOR SALE  USD175,999 .
MLS® 18001092

This Charming fixer has 2 bedrooms and 1 bath with high ceilings, crown molding and a large deep lot. Large Bonus room/work space on back of home. Central heat and air, granite counter tops in kitchen. RV and Boat storage possible. With a little imagination and work this home can shine.

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