Realty World – Franklin Real Estate Group – Ed Favinger, Broker CRS, GRI

Outdoor Rooms, Playgrounds and Trails are high on the list like the one shown below in the Serrano area of El Dorado Hills. 

It seems folks are looking for ways to get more utility value from their homes because these things don’t cost a lot.  There are other things the article spoke about, so for more on this, Click Here for the Article

Make it a Great Day…

Ed Favinger, Broker CRS, GRI       favinger@rwnetwork.com     916-203-1260

Somebody was mad when they moved out of this one.

Because it looked like the Tazmanian Devil had been in one side.

I stopped by to see this duplex yesterday and made a video of both sides.   This is a hot deal because when I arrived and got out of my car an investor was already walking about the property.  Since I was going in he asked if I would allow him in with me, which I did.   While we were there another lady asked if she could come in and sneak a peek too.

This property is listed at $88,000.  The investor and I both agreed upon our inspection that we estimated it would take about $20,000 to fix it up to a nice “rent ready” condition.   The Pro-Forma Cash Flow Figures are here.  These figures are based upon a “hypothetical” sale at $120,000 because that’s probably what you will have into it when it’s all said and done. 

You will either gasp or at least raise your eyebrows  when you see what someone did on the left side of this Duplex.

Click Here for the Left Side Video

Click Here for the Right Side Video

Actually… it’s really not that bad if you are a seasoned investor, because I have seen much worse.

Make it a great day…

ED FAVINGER, Broker, CRS, GRI         Favinger@rwnetwork.com     916-203-1260

If you are thinking of doing this… You’ve got company…

See the latest from the Sacramento Bee’s Real Estate reporter Jim Wasserman.

Home Front: Gain trumping pain of walking away from mortgage

Comments anyone…?

Make it a Great Day…

Ed Favinger, Broker CRS, GRI      favinger@rwnetwork.com      916-203-1260

 Cash May Be King – But You Might Be Paying More

I’ve put together the latest Closed Sales Report for the month of January 2010.  As usual you’ll see there is a lot of cash floating around in the Sacramento County Duplex/Four-Plex Market.    But… if you look at the statistics below the average List Price/Sales Price Ratio shows that on Average, Cash Buyers have been paying more.

That’s kind of amazing…   isn’t it…?

Check it out.

I’ll have the entire closed sales list posted later today hopefully.

Make it a great day..

Ed Favinger, Broker CRS, GRI                    favinger@rwnetwork.com              916-203-1260