Sunday, October 20, 2019

Bringing a Desire for Home Ownership to Reality!


Many people desire to own a home, but don’t know where to begin to start the project.  When some people try to take the step to own a home, they hit a roadblock and back off and shelve the idea for a season, maybe even for years.  But I say to my readers, all blocks and obstacles to owning a home are solve-able.  ALL!  Maybe it has never been broken down for you so I will attempt it here.

Some people do not earn enough money to buy a home, and this is most difficult item to correct. But it is changeable. A person can get a better job or seek raises by being a stronger employee; they can get a 2nd job or even start a supplemental home business. There are ways to maneuver for people with too little income. If they are on the border of income or just below it, a lease option may be what they need. That is leasing a home with an option to purchase it at a contractually specified time. If they are not ready at that time, it can be extended if both parties agree, or, they simply lose their option fee which is not that large, and, they are not obligated to proceed.

The next big block is income verification.  But this is solve-able too. The loan people look for 2 years of employment to verify. If self-employed, then 2 years of IRS 1040 forms are used. If a person cannot produce the 1040’s, for whatever the reason may be, they may be able to be qualified based on their bank statement history over 24 months. As you can see, there are ways to work the issues, if you the buyer has the desire and the will to get into a home. Home ownership in America is based on desire, plain and simple. An easier road is to go rent an apartment or house and just not think about obstacles. But home ownership procrastinated or delayed can lead to other problems, such as rent increases or landlords selling homes out from under renters.

The last thing I want to mention is credit, credit scores and credit unworthiness. This may be the easiest block in buying a home to solve. Many credit issues can be changed in just a handful of months. Many people rely on Credit Karma to keep up on their scores. But Credit Karma lowballs your scores in hope that you will take out a higher interest credit card like Capital One. It’s a money maker for them and highly deceptive. Those are not FICO Scores they are quoting you, and FICO is the only scoring system that home lenders use.  

Currently, my own Credit Karma score runs about 50 points lower than my FICO score.  Imagine if that particular deception blocked you from buying a home in the past while housing prices continued to climb up higher and higher. A good house lender will run your credit for FICO scores and give you a true reading. Forget fearing inquiries on your credit, if you don’t do it often it is not that damaging. At times, one person may be score qualified and their spouse is not due to credit issues. Focusing on that other spouse’s credit scores is the answer especially if they have an income that qualifies the couple for more home and a higher price.

I realize timing is everything in home buying, and people may be holding off due to high prices of homes. But there may be a location or neighborhood that is still affordable for you and beginning to think about it and educate one’s self is the way to establish thought processes that can later bring the desired home ownership to pass. I will continue to share practical helps and ideas in upcoming blog issues. Knowledge is very powerful for consumers. If you’d like to discuss anything further with me about home buying or getting access to a competent and honest home lender, call me.  916-580-7235, Greg Nichols, MFN Realty.



Save Thousands When You Sell Your Home!

There is no need to pay 6% when selling a home. Call us at MFN Realty today to discuss how you can save thousands of dollars on your home by allowing us to represent you, and still receive comparable service to firms charging 6%. MFN Realty is loaded with experience and marketing techniques and your home is well represented when you trust us to sell your home.

If you plan to sell your home, MFN Realty has been offering a discounted commission rate but still has all the services of any other firms who charge more. It is your choice, but you can save thousands of dollars with our firm. MFN Realty will have your back and we are experts at negotiating and we have several other ways to save you money too. But it is all the same service as any firm out there. Prices have increased greatly, and we at MFN know it, and it is time for you to keep more of your equity if you sell. Why pay the other firm so much more money? 
Call us at 916-580-7235 to find out just how much money we can save you on selling your home. 


But who are we? MFN Realty markets homes in Sacramento, Placer and El Dorado Counties. We are based in Roseville. We opened in 1988 and have served clients ever since.  I, Greg Nichols am the broker and owner of the firm. My wife Debbie Nichols works along side me in the firm. I am a highly seasoned agent with much experience. Call us at 916-580-7235 if you wish to discuss your home, and find out the value of your home, if you are planning to sell.





About MFN Realty: I am the broker of MFN Realty. I opened the firm in 1988. MFN Realty is loaded with experience and marketing techniques and your home will be well represented when you trust us to sell your home.  I am based out of Placer county and I work throughout the tri-county area in the Sacramento Valley. Call me today to discuss your real estate needs. (Disregard this offer if you are currently listed with another broker.)

Our firm covers Sacramento, Placer and El Dorado Counties including Sacramento, Roseville, Rocklin, Loomis, Granite Bay, Folsom, Elk Grove, West Sacramento, Carmichael, Citrus Heights, Fair Oaks, Antelope, Rancho Cordova, Arden Arcade, Natomas, Downtown Sacramento, El Dorado Hills, Cameron Park and other surrounding areas! 

Greg Nichols
Broker - MFN Realty
916-580-7235 (Leave message or text if I am out!)
mfnnetwork@gmail.com

Disclaimer/Indemnification:  This blog is meant for informational purposes only and is not meant to be advice for daily real estate practices. Readers using the materials and sources in this blog understand that the facts are shared as principles, and are not exact advice for specific persons or specific situations. The principles and notifications and facts shared in this blog are meant to raise awareness for consumers so that they may make decisions based on knowledge they obtain from many different sources including this blog. Readers agree to indemnify and hold harmless MFN Realty and Greg Nichols and any sources used from liability due to any decisions readers may make in real estate matters based on reading this blog. Readers need to seek out advice from their attorneys or from real estate brokers that they are in contract with who are acting as their legal agents.




MFN Realty - Greg Nichols - Broker - mfnrealty.com
A Licensed California Real Estate Broker #00632894

Wednesday, October 2, 2019

Are You Interested in a Fixer-Upper Home?



Consider a Renovation Mortgage Loan. If you desire to buy a fixer-upper or just a home that needs updating, you can use just one loan application and one loan that finances the whole package, the purchase and the repairs all included. This type of loan allows you to locate a fixer property and to make a low offer and secure the home at a price that saves you money by the time the repairs are all done. 

At times, a buyer might buy a home that needs updating so the buyer buys it and then must resort to using credit cards or 401K funds to update it, hoping to refinance it later and pay back the accounts. The Renovation Mortgage Loan may be a solution, as you are borrowing all that you need up front in one loan. Call me to discuss this special financing or any of your real estate needs. More details at the link here
916-580-7235, Greg Nichols, Real Estate Broker.





Save Thousands When You Sell Your Home!

There is no need to pay 6% when selling a home. Call us at MFN Realty today to discuss how you can save thousands of dollars on your home by allowing us to represent you, and still receive comparable service to firms charging 6%. MFN Realty is loaded with experience and marketing techniques and your home is well represented when you trust us to sell your home.

If you plan to sell your home, MFN Realty has been offering a discounted commission rate but still has all the services of any other firms who charge more. It is your choice, but you can save thousands of dollars with our firm. MFN Realty will have your back and we are experts at negotiating and we have several other ways to save you money too. But it is all the same service as any firm out there. Prices have increased greatly, and we at MFN know it, and it is time for you to keep more of your equity if you sell. Why pay the other firm so much more money? 
Call us at 916-580-7235 to find out just how much money we can save you on selling your home. 



But who are we? MFN Realty markets homes in Sacramento, Placer and El Dorado Counties. We are based in Roseville. We opened in 1988 and have served clients ever since.  I, Greg Nichols am the broker and owner of the firm. My wife Debbie Nichols works along side me in the firm. I am a highly seasoned agent with much experience. Call us at 916-580-7235 if you wish to discuss your home, and find out the value of your home, if you are planning to sell.








About MFN Realty: I am the broker of MFN Realty. I opened the firm in 1988. MFN Realty is loaded with experience and marketing techniques and your home will be well represented when you trust us to sell your home.  I am based out of Placer county and I work throughout the tri-county area in the Sacramento Valley. Call me today to discuss your real estate needs. (Disregard this offer if you are currently listed with another broker.)

Our firm covers Sacramento, Placer and El Dorado Counties including Sacramento, Roseville, Rocklin, Loomis, Granite Bay, Folsom, Elk Grove, West Sacramento, Carmichael, Citrus Heights, Fair Oaks, Antelope, Rancho Cordova, Arden Arcade, Natomas, Downtown Sacramento, El Dorado Hills, Cameron Park and other surrounding areas! 

Greg Nichols
Broker - MFN Realty
916-580-7235 (Leave message or text if I am out!)
mfnnetwork@gmail.com

Disclaimer/Indemnification:  This blog is meant for informational purposes only and is not meant to be advice for daily real estate practices. Readers using the materials and sources in this blog understand that the facts are shared as principles, and are not exact advice for specific persons or specific situations. The principles and notifications and facts shared in this blog are meant to raise awareness for consumers so that they may make decisions based on knowledge they obtain from many different sources including this blog. Readers agree to indemnify and hold harmless MFN Realty and Greg Nichols and any sources used from liability due to any decisions readers may make in real estate matters based on reading this blog. Readers need to seek out advice from their attorneys or from real estate brokers that they are in contract with who are acting as their legal agents.




MFN Realty - Greg Nichols - Broker - mfnrealty.com
A Licensed California Real Estate Broker #00632894

Monday, September 2, 2019

The Internet Firms Are Listing Old Information!


The Internet Firms Are Listing Old Information!

It is very frustrating to have 4 different buyers all call you as an agent with a list of bogus listings of houses to look up. I won't name any names, but we all know who those Internet firms are that create these lists. These firms allow buyers to sit at home in their pajamas to look over houses. Now sometimes, they are actually accurate. Often, they are not, with the home having been sold about 3-4 years prior. 

Furthermore, many of their listings are not only old sales, but were never on the market at all. If an individual agent did this, it would be a punishable crime. It is "bait and switch." These firms are seemingly untouchable by the regulating authorities or the agencies just don't care. 

These firms are in the business of making the phone ring for agents who pay them money to get unsuspecting buyers to call the agents, and when they call, the agents who take the calls have a much more sparse selection of homes to share, a selection that more represents the true reality of the marketplace. These agents are actually paying and supporting these firms to use unscrupulous tactics, and, these agents know they are doing it.   

Sadly, I have also noticed many real estate agencies also leaving very old sales on their own lists as "Active" to also make the phone ring. Buyers have not totally realized what kind of damage this "come on" marketing does, as it tends to skew the buyer's perception of just what kind of a market we are in.

A buyer simply needs to hook up with an honest agent who will run a computerized list of the true market and actual "available" homes. We at MFN Realty can do this list for you and we can make sure you get the latest new listing in your desired area sent to you instantly by email as they are entered into the system.

If professionals play games with the truth in business, then who knows what other truth they will bend? Food for thought!



Save Thousands When You Sell Your Home!

There is no need to pay 6% when selling a home. Call us at MFN Realty today to discuss how you can save thousands of dollars on your home by allowing us to represent you, and still receive comparable service to firms charging 6%. MFN Realty is loaded with experience and marketing techniques and your home is well represented when you trust us to sell your home.

If you plan to sell your home, MFN Realty has been offering a discounted commission rate but still has all the services of any other firms who charge more. It is your choice, but you can save thousands of dollars with our firm. MFN Realty will have your back and we are experts at negotiating and we have several other ways to save you money too. But it is all the same service as any firm out there. Prices have increased greatly, and we at MFN know it, and it is time for you to keep more of your equity if you sell. Why pay the other firm so much more money? Call us at 916-580-7235 to find out just how much money we can save you on selling your home. 



But who are we? MFN Realty markets homes in Sacramento, Placer and El Dorado Counties. We are based in Roseville. We opened in 1988 and have served clients ever since.  I, Greg Nichols am the broker and owner of the firm. My wife Debbie Nichols works along side me in the firm. I am a highly seasoned agent with much experience. Call us at 916-580-7235 if you wish to discuss your home, and find out the value of your home, if you are planning to sell.








About MFN Realty: I am the broker of MFN Realty. I opened the firm in 1988. MFN Realty is loaded with experience and marketing techniques and your home will be well represented when you trust us to sell your home.  I am based out of Placer county and I work throughout the tri-county area in the Sacramento Valley. Call me today to discuss your real estate needs. (Disregard this offer if you are currently listed with another broker.)

Our firm covers Sacramento, Placer and El Dorado Counties including Sacramento, Roseville, Rocklin, Loomis, Granite Bay, Folsom, Elk Grove, West Sacramento, Carmichael, Citrus Heights, Fair Oaks, Antelope, Rancho Cordova, Arden Arcade, Natomas, Downtown Sacramento, El Dorado Hills, Cameron Park and other surrounding areas! 

Greg Nichols
Broker - MFN Realty
916-580-7235 (Leave message or text if I am out!)
mfnnetwork@gmail.com

Disclaimer/Indemnification:  This blog is meant for informational purposes only and is not meant to be advice for daily real estate practices. Readers using the materials and sources in this blog understand that the facts are shared as principles, and are not exact advice for specific persons or specific situations. The principles and notifications and facts shared in this blog are meant to raise awareness for consumers so that they may make decisions based on knowledge they obtain from many different sources including this blog. Readers agree to indemnify and hold harmless MFN Realty and Greg Nichols and any sources used from liability due to any decisions readers may make in real estate matters based on reading this blog. Readers need to seek out advice from their attorneys or from real estate brokers that they are in contract with who are acting as their legal agents.




MFN Realty - Greg Nichols - Broker - mfnrealty.com
A Licensed California Real Estate Broker #00632894

Monday, August 19, 2019

We Can Sell Any Home No Matter the Issues!

Fixers, Probates, Trusts, Code Issues,

Permit Problems, Inheritance Homes!






We Can Sell Any Home!


We have years of selling properties with issues: family trusts, fixers, family properties, probates, foreclosures, code violations, permit problems, short sales, divorce forced sales and inheritance properties with problems. Call us if you or a friend or loved one needs help with selling a piece of real estate for the "most value possible" in Sacramento County or Placer County areas! We take care of our sellers, and we have a waiting list of buyers. Call us at 916-580-7235 Greg Nichols, Broker, MFN Realty, #00632894

If You Have a Home to Sell!


There is no need to pay 6% when selling your home. If you plan to sell your home, MFN Realty has been offering a discounted commission rate but still has all the services of any other firms who charge more. It is your choice, but you can save thousands of additional dollars with our firm. MFN Realty will have your back and we are experts at negotiating and we have several other ways to save you money too. But it is all the same service as any firm out there. Prices have increased greatly, and we at MFN know it, and it is time for you to keep more of your equity if you sell. Why pay the other firm so much more money? Call us to find out just how much money we can save you on selling your home. 916-580-7235



But who are we? MFN Realty markets homes in Sacramento, Placer and El Dorado Counties. We are based in Roseville. We opened in 1988 and have served clients ever since.  I, Greg Nichols am the broker and owner of the firm. My wife Debbie Nichols works along side me in the firm. I am a highly seasoned agent with much experience. Call us at 916-580-7235 if you wish to discuss your home, and find out the value of your home, if you are planning to sell.








About MFN Realty: I am the broker of MFN Realty. I opened the firm in 1988. MFN Realty is loaded with experience and marketing techniques and your home will be well represented when you trust us to sell your home.  I am based out of Placer county and I work throughout the tri-county area in the Sacramento Valley. Call me today to discuss your real estate needs. (Disregard this offer if you are currently listed with another broker.)

Our firm covers Sacramento, Placer and El Dorado Counties including Sacramento, Roseville, Rocklin, Loomis, Granite Bay, Folsom, Elk Grove, West Sacramento, Carmichael, Citrus Heights, Fair Oaks, Antelope, Rancho Cordova, Arden Arcade, Natomas, Downtown Sacramento, El Dorado Hills, Cameron Park and other surrounding areas! 

Greg Nichols
Broker - MFN Realty
916-580-7235 (Leave message or text if I am out!)
mfnnetwork@gmail.com

Disclaimer/Indemnification:  This blog is meant for informational purposes only and is not meant to be advice for daily real estate practices. Readers using the materials and sources in this blog understand that the facts are shared as principles, and are not exact advice for specific persons or specific situations. The principles and notifications and facts shared in this blog are meant to raise awareness for consumers so that they may make decisions based on knowledge they obtain from many different sources including this blog. Readers agree to indemnify and hold harmless MFN Realty and Greg Nichols and any sources used from liability due to any decisions readers may make in real estate matters based on reading this blog. Readers need to seek out advice from their attorneys or from real estate brokers that they are in contract with who are acting as their legal agents.




MFN Realty - Greg Nichols - Broker - mfnrealty.com
A Licensed California Real Estate Broker #00632894

Monday, July 22, 2019

Buy a New Home With Us and Obtain a Substantial Refund!



New Home Buyers - Get a Huge Refund!

If you have been wanting a brand new home, contact our firm first and receive an extremely large refund at closing. Contact us anywhere in the Tri-county area to get this refund, if you are in Sacramento, Folsom, El Dorado Hills, Roseville, Rocklin, West Sac, Elk Grove, Rancho Cordova and many other areas. 

This is quite simple: Fill out the short form at the link below and we will contact you. If you need to speak with us right away, call us at 916-580-7235. One of our agents need to accompany you to the new home models on the first visit. Do not go there without getting to us first. Your diligence and patience can get you a refund of anywhere from $4,000 to over $12,000. Think what you can do with this money!  Our firm simply refunds you 50%* of the commissions at closing, which is substantial.  
*(certain restrictions apply)





If You Have a Home to Sell!


There is no need to pay 6% when selling your home. If you plan to sell your home, MFN Realty has been offering a discounted commission rate but still has all the services of any other firms who charge more. It is your choice, but you can save thousands of additional dollars with our firm. MFN Realty will have your back and we are experts at negotiating and we have several other ways to save you money too. But it is all the same service as any firm out there. Prices have increased greatly, and we at MFN know it, and it is time for you to keep more of your equity if you sell. Why pay the other firm so much more money? Call us to find out just how much money we can save you on selling your home. 916-580-7235



But who are we? MFN Realty markets homes in Sacramento, Placer and El Dorado Counties. We are based in Roseville. We opened in 1988 and have served clients ever since.  I, Greg Nichols am the broker and owner of the firm. My wife Debbie Nichols works along side me in the firm. I am a highly seasoned agent with much experience. Call us at 916-580-7235 if you wish to discuss your home, and find out the value of your home, if you are planning to sell.








About MFN Realty: I am the broker of MFN Realty. I opened the firm in 1988. MFN Realty is loaded with experience and marketing techniques and your home will be well represented when you trust us to sell your home.  I am based out of Placer county and I work throughout the tri-county area in the Sacramento Valley. Call me today to discuss your real estate needs. (Disregard this offer if you are currently listed with another broker.)

Our firm covers Sacramento, Placer and El Dorado Counties including Sacramento, Roseville, Rocklin, Loomis, Granite Bay, Folsom, Elk Grove, West Sacramento, Carmichael, Citrus Heights, Fair Oaks, Antelope, Rancho Cordova, Arden Arcade, Natomas, Downtown Sacramento, El Dorado Hills, Cameron Park and other surrounding areas! 

Greg Nichols
Broker - MFN Realty
916-580-7235 (Leave message or text if I am out!)
mfnnetwork@gmail.com

Disclaimer/Indemnification:  This blog is meant for informational purposes only and is not meant to be advice for daily real estate practices. Readers using the materials and sources in this blog understand that the facts are shared as principles, and are not exact advice for specific persons or specific situations. The principles and notifications and facts shared in this blog are meant to raise awareness for consumers so that they may make decisions based on knowledge they obtain from many different sources including this blog. Readers agree to indemnify and hold harmless MFN Realty and Greg Nichols and any sources used from liability due to any decisions readers may make in real estate matters based on reading this blog. Readers need to seek out advice from their attorneys or from real estate brokers that they are in contract with who are acting as their legal agents.




MFN Realty - Greg Nichols - Broker - mfnrealty.com
A Licensed California Real Estate Broker #00632894

Wednesday, May 15, 2019

Massive Commission Savings with MFN Realty!



Save Thousands When You Sell Your Home!

There is no need to pay 6% when selling a home. Call us at MFN Realty today to discuss how you can save thousands of dollars on your home by allowing us to represent you, and still receive comparable service to firms charging 6%. MFN Realty is loaded with experience and marketing techniques and your home is well represented when you trust us to sell your home.

If you plan to sell your home, MFN Realty has been offering a discounted commission rate but still has all the services of any other firms who charge more. It is your choice, but you can save thousands of dollars with our firm. MFN Realty will have your back and we are experts at negotiating and we have several other ways to save you money too. But it is all the same service as any firm out there. Prices have increased greatly, and we at MFN know it, and it is time for you to keep more of your equity if you sell. Why pay the other firm so much more money? Call us to find out just how much money we can save you on selling your home. 916-580-7235



But who are we? MFN Realty markets homes in Sacramento, Placer and El Dorado Counties. We are based in Roseville. We opened in 1988 and have served clients ever since.  I, Greg Nichols am the broker and owner of the firm. My wife Debbie Nichols works along side me in the firm. I am a highly seasoned agent with much experience. Call us at 916-580-7235 if you wish to discuss your home, and find out the value of your home, if you are planning to sell.







About MFN Realty: I am the broker of MFN Realty. I opened the firm in 1988. MFN Realty is loaded with experience and marketing techniques and your home will be well represented when you trust us to sell your home.  I am based out of Placer county and I work throughout the tri-county area in the Sacramento Valley. Call me today to discuss your real estate needs. (Disregard this offer if you are currently listed with another broker.)

Our firm covers Sacramento, Placer and El Dorado Counties including Sacramento, Roseville, Rocklin, Loomis, Granite Bay, Folsom, Elk Grove, West Sacramento, Carmichael, Citrus Heights, Fair Oaks, Antelope, Rancho Cordova, Arden Arcade, Natomas, Downtown Sacramento, El Dorado Hills, Cameron Park and other surrounding areas! 

Greg Nichols
Broker - MFN Realty
916-580-7235 (Leave message or text if I am out!)
mfnnetwork@gmail.com

Disclaimer/Indemnification:  This blog is meant for informational purposes only and is not meant to be advice for daily real estate practices. Readers using the materials and sources in this blog understand that the facts are shared as principles, and are not exact advice for specific persons or specific situations. The principles and notifications and facts shared in this blog are meant to raise awareness for consumers so that they may make decisions based on knowledge they obtain from many different sources including this blog. Readers agree to indemnify and hold harmless MFN Realty and Greg Nichols and any sources used from liability due to any decisions readers may make in real estate matters based on reading this blog. Readers need to seek out advice from their attorneys or from real estate brokers that they are in contract with who are acting as their legal agents.




MFN Realty - Greg Nichols - Broker - mfnrealty.com
A Licensed California Real Estate Broker #00632894

Friday, March 1, 2019

A Blog to Help Buyers and Sellers Understand the Marketplace!


This is a blog to help homeowners and home buyers figure out and get a handle on what exactly is going on in the marketplace in Sacramento, Placer and El Dorado Counties.  We will share many expert sources with you and give our opinion too.  Is there a downturn coming?  When will it begin?  Should I get my house sold now before it's too late?  Should we wait to buy another home?  These are questions we hear. 

No one in the industry knows the future, but past history, certain indicators, and basic real estate principles can help you make decisions as you become more savvy about the market and real estate.  My goal is to help my blog readers become more knowledgeable and gain some understanding so that they make more educated decisions and lose less money in real estate over the rest of their lives. Does that sound fair?  Some may use this blog update to launch a career in house flipping or more conventional real estate investing.  You can subscribe with us to receive the updates if you would like. 

The archive on the right of this page will allow you to see links to previous issues about home prices, expert opinions, and much more. 




A Few Critical Inspections in a Home Purchase Transaction

There are a few inspections that no home sale should be without, except in cases of the most knowledgeable buyers such as property flippers.  But even most of the flippers want to see at least a pest inspection.  Most consumers desperately need at least 2 inspections: a Pest Control Inspection, and a Whole House Inspection.  A few weeks ago, I covered Pest Inspections here.  On this blog entry, I will discuss Whole House Inspections. 

What is a Whole House Inspection Report?

"Home inspections are usually conducted by a home inspector who has the training and certifications to perform such inspections. The inspector prepares and delivers to the client a written report of findings. A professional home inspection is an examination of the current condition of a house."*

*Source: Wikipedia, the Free Encyclopedia, Home Inspection page, https://en.wikipedia.org/wiki/Home_inspection

From Greg:  Last time we discussed termite inspections and the Whole House Inspection is another critical inspection done during an escrow to protect the buyer.  The Whole House Inspections did not even exist When I began in real estate.  The buyer and I would go check over the home right before closing to find a fix list and then present it to the agent of the seller.  The industry has certainly come a long way to do things better.  The inspection is now done by an expert.  It can cost anywhere from $250 to $400, depending on the inspection firm, and the buyer usually pays for it at the time it is done.  It is done early in the escrow, before the contingency lapse time, so a buyer is not obligated to buy the home if something earthshaking is found by the inspector.  It also allows time for buyer and seller to negotiate through their agents over what findings on the inspection are valid and unacceptable to the buyer and should be done by the seller. 

Items inspected by a home inspector are the electrical, plumbing, roofing, appliances, and many other items too many to list.  It is a totally comprehensive inspection and report. 

The home inspector usually provides a written report and supporting photos to the buyer, and often it is 20 to 30 or more pages, so it is quite thorough.  I always urge buyers I represent to use an inspector right away after buying a home, and the cost of it is a routine buyer's closing cost.  An inspector's trained eye can find a serious but hidden major defect.  It is just good business to always have the two reports I covered here when you are buying a home. 

Neither of the 2 minimum inspections are usually done on new builder homes, as the builder usually has a company representative inspect the home with the buyer at closing and then fix defects found from the builder.  Then, the builder is responsible along with the builder's subcontractors for 3 years afterward.  The whole house inspection is done on most resale purchases and is an integral part of almost all house transactions to protect the buyer. 
____________________________


Business Ads Here!

If you have a business and would like exposure to our readers, contact us about an ad placement in this blog which has new issues weekly. 

____________________________





About MFN Realty: I am the broker of MFN Realty. I opened the firm in 1988. MFN Realty is loaded with experience and marketing techniques and your home will be well represented when you trust us to sell your home.  I am based out of Placer county and I work throughout the tri-county area in the Sacramento Valley. Call me today to discuss your real estate needs. (Disregard this offer if you are currently listed with another broker.)

Our firm covers Sacramento, Placer and El Dorado Counties including Sacramento, Roseville, Rocklin, Loomis, Granite Bay, Folsom, Elk Grove, West Sacramento, Carmichael, Citrus Heights, Fair Oaks, Antelope, Rancho Cordova, Arden Arcade, Natomas, Downtown Sacramento, El Dorado Hills, Cameron Park and other surrounding areas! 

Greg Nichols
Broker - MFN Realty
916-580-7235 (Leave message or text if I am out!)
mfnnetwork@gmail.com

Disclaimer/Indemnification:  This blog is meant for informational purposes only and is not meant to be advice for daily real estate practices. Readers using the materials and sources in this blog understand that the facts are shared as principles, and are not exact advice for specific persons or specific situations. The principles and notifications and facts shared in this blog are meant to raise awareness for consumers so that they may make decisions based on knowledge they obtain from many different sources including this blog. Readers agree to indemnify and hold harmless MFN Realty and Greg Nichols and any sources used from liability due to any decisions readers may make in real estate matters based on reading this blog. Readers need to seek out advice from their attorneys or from real estate brokers that they are in contract with who are acting as their legal agents.




MFN Realty - Greg Nichols - Broker - mfnrealty.com
A Licensed California Real Estate Broker #00632894

Thursday, February 21, 2019

Bay Area Home buyer Exodus to Sacramento?




We advertise and feature your home in this blog if you list your home with MFN Realty!  Additionally, we feature your home in our Bay Area blog too, a second blog we created to expose more affordable Sacramento homes to Bay Area residents. 

As a Sacramento real estate agent, I use a separate marketing blog, directed to the Bay Area, to draw interest from the many migrating home buyers and investors that are interested in our Sacramento area.  I began that project last summer.  The average home in San Francisco is selling for $1.37 Million dollars.* (Note, I said "average.")  The average home in San Jose is selling for $1.09 Million dollars.* 


Imagine if their home is above average. That is who is exiting the Bay Area, looking for better values in Sacramento and Roseville/Rocklin, etc., and they are carrying boatloads of cash with them as they come. No wonder they make all cash offers, and they don't mind over bidding everyone else. They can sell an average home over there and come over here and buy an exceptional above average home in Sacramento or surrounding communities for all cash and still have cash to put in their pocket also. Some Sacramento based buyers are angered at having to bid against Bay Area money and with good reason. But Sacramento sellers love it. 

Let's say they sold their home in the Bay Area and netted $1.3 Million in cash. Then let's say they see your home you just listed for $800,000. Someone brings you $790,000 as an offer. But this Bay Area person, who netted $1.3 Million in cash on the sale of their home, offers you an over the bid price of $830,000. Done deal. Were they injured at all for over paying you for your home? No, they used inflated money from their home and your $800,000 home was probably much bigger and nicer than their Bay Area home they sold for well over a Million. It does make you stop and think, doesn't it.

A new survey says that 53% of Californians want to leave the state.* The article I quote below cites the high cost of living as the main reason. But a huge problem which most will agree on in California, is the difficulty in finding affordable housing.


So, if there is a looming exodus in seed form on the minds of many Californians, which may or may not happen, what we do know is that there is an exodus already happening from the big cities, including the Bay Area, due to prices and economics. Apparently, the Sacramento region has been the biggest recipient of the Bay Area outward migration which has resulted in the influx of home buyers to the Sacramento Valley. I want to show you an excerpt from the San Francisco Chronicle SFGate Online article from 2/13/19:


Excerpt begins:



"There have been other signs of the California exodus. In December, it was revealed that one of the most frequently Googled questions in California last year was "Should I move out?" The Bay Area was also found to be leading the nation in outward migration, meaning more people are leaving the region than moving in. However, most people who moved out of the Bay Area didn't go too far; the number one destination was Sacramento, followed by Los Angeles, Seattle, Portland and San Diego."*


End of Excerpt!    To read the full article, go here.



We at MFN Realty have set up a marketing system for our clients in the tri-county area to maximize their chances of getting their home noticed by Bay Area home sellers who have cash. It is all about strategic positioning. If our market has softened, then skill and finesse and experience are again going to be in demand as qualities needed in a local real estate agent and firm. In some cases, the way the market was the last few years, a 6th grader could have sold a person's desirable and hot home as the market and the house did its own selling due to low inventory. Commissions nevertheless were paid just the same. Contact us today to discuss your needs and to see how we can help you succeed in selling your home and receiving the best possible offer.

Why Pay 6% to Sell Your Home?



Greg Nichols
916-580-7235
mfnnetwork@gmail.com



*Source: 53 percent of Californians want to leave the state, according to new survey!
By Alix Martichoux, SFGATE-Online, Chronicle, Published 12:13 pm PST, Wednesday, February 13, 2019
https://www.sfgate.com/expensive-san-francisco/article/move-out-of-bay-area-california-where-to-go-cost-13614119.php?utm_source=facebook.com&utm_medium=referral&fbclid=IwAR1RN80uMgpkR3j6n720TiLhyu8P-6-9qj1OwUbVlSQXq6Uts7Ihe2ebpEE&utm_campaign=CMS%20Sharing%20Tools%20(Desktop)

Disclaimer/Indemnification:  This blog is meant for informational purposes only and is not meant to be advice for daily real estate practices. Readers using the materials and sources in this blog understand that the facts are shared as principles, and are not exact advice for specific persons or specific situations. The principles and notifications and facts shared in this blog are meant to raise awareness for consumers so that they may make decisions based on knowledge they obtain from many different sources including this blog. Readers agree to indemnify and hold harmless MFN Realty and Greg Nichols and any sources used from liability due to any decisions readers may make in real estate matters based on reading this blog. Readers need to seek out advice from their attorneys or from real estate brokers that they are in contract with who are acting as their legal agents.




MFN Realty - Greg Nichols - Broker - mfnrealty.com
A Licensed California Real Estate Broker #00632894



Tuesday, February 12, 2019

What 5 Housing Experts Said About 2019 Sacramento Real Estate Prices!


From Greg: I quit law school in 1977 to go into Sacramento real estate.  I was 22 years old, and the firm that I joined was Kiernan Realtors, a very large multi-office firm, headquartered at 3001 P Street.  Maybe some of you older individuals that have been around awhile remember that firm.  As I recall, they later merged with TRI Realtors, a firm from San Francisco.  Another firm bought TRI out, I think it was Prudential Real Estate.  Unless I am mistaken, Coldwell Banker now owns all those offices that still exist. 

     That was a different era of real estate.  The purchase agreement and offer form back then was a single, legal size page.  There were no disclosure forms that I remember unless provided from the lender later for the seller and buyer to sign.  Now, in 2019, the offer form, called a Residential Purchase Agreement, is 10 letter sized pages long with further attached disclosures plus many, many separate disclosures also.

     The California real estate law has grown enormously since I began in the industry, with aggressive legislation and many court precedents handed down based on lawsuits filed.  This is why there are so many documents, literally myriads of paperwork to sell a single house.  But every document and disclosure is necessary to protect you in this modern litigious environment we have in 2019 California.  Now, most of these forms are signed with e-signing in the client's own home, saving mountains of literal paperwork.  A good real estate agent understands the land mines out there today that can blow up on a seller or buyer, or the agent.  Great care is taken on every escrow to dot every "i" and cross every "t."  These are the times we live in.  In some ways it is better, in some ways it is not.  I began this blog to help sellers and buyers get more understanding of the marketplace and gain information that can protect and serve them in making better decisions and save them $$ on their bottom line.

And now, our feature article.     

What 5 Housing Experts Said About 2019 Sacramento Real Estate Prices!

Just today, I ran across this recent Sacbee.com article, written by Tony Bizjak, quoting 5 experts about 2019 home prices.  I was interested to find out that they mostly agreed with my comments to you in the previous 2 blog entries.  entry1  entry2  Not only is there a consensus that there will be home value appreciation this new year, but they also seem to agree with each other that we are not in a bubble like the one that burst in 2008.

The 5 experts are:

Excerpts begin here:

"Our team: Dean Wehrli is an analyst for John Burns Real Estate Consulting.  Erin Stumpf is a Realtor with Coldwell Banker.  Greg Paquin heads The Gregory Group, a real estate research and data firm.  Pat Shea is president of Lyon Real Estate.  And Ryan Lundquist is an appraiser and author of the Sacramento Appraisal Blog.

WHAT’S YOUR 2019 FORECAST?

Stumpf: 'I believe Sacramento will see a slight increase in home prices in 2019. I foresee a balanced market between buyers and sellers, and that is great news as far as I am concerned. The number of homes available on the market will be slightly higher than in past years, and homes will take slightly longer to sell on average. Appealing homes that are appropriately priced ... will still see competitive multiple offers and sell quickly.'

Wehrli: 'Home prices are likely to be pretty stable, rising modestly by year end. I expect a decent spring selling season, particularly if mortgage rates remain lower as they have been very recently. Inventory is likely to rise a bit, but, remember, we are coming from a few years now of extraordinarily low levels of inventory.'

Shea: 'Look for a very predictable sales pattern once again in 2019. One can expect (house price) appreciation to (be in) the 4 percent to 6 percent range. Continued job growth and upward pressure on employee compensation appear to remain in play for the foreseeable future in Northern California. Mortgage rates remain incredibly favorable.'

Lundquist: 'If buyers put their foot back on the gas pedal, with mortgages rates going down now, there is room in the market to see values increase. It all boils down right now to what buyers are going to do. It’s a blank canvas.'

Paquin: 'We are optimistic for sales and pricing in 2019. There is a real possibility that sales will equal and perhaps exceed 2018 numbers. (Newly constructed homes) should see a modest increase of between 2 percent and 3.5 percent.'

ARE WE IN A BUBBLE, LIKE THE ONE THAT BURST IN 2008?

All five experts: No

Wehrli: 'The factors that led to a bubble last time — easy money boosting demand artificially and very high levels of supply — are not present now. That is not to say we are not in for a slowdown when the economy cools, but it should be nothing like last time.'

Shea: 'A respectable number of homes in greater Sacramento are free and clear, and the majority with mortgages have significant equity. Payments are very manageable, due to low interest rates and salary escalations.'

Stumpf: 'Previous buyers (a decade-plus ago) hyper-extended themselves and could not actually afford those homes, and when the market declined many had to short sell or were foreclosed. We just do not have those lending products anymore, and buyers have to qualify for loans. Your average buyer today cannot get a loan without a “skin in the game” down payment, good credit, and verifiable income and employment.'

Paquin: 'As compared to the last housing boom-bust cycle of 2008, there has not been the rapid or significant price increases, the artificial lending that helped facilitate the rapid price increases and lenders have become much more diligent in who can or cannot receive a new-home loan.'"*

End of excerpts

*Source: Sacbee.com, Real Estate News, writer - Tony Bizjak, January 10, 2019, updated January 17, 2019. 
https://www.sacbee.com/news/business/real-estate-news/article224041900.html 

From Greg: There are some great insights above, especially about the 2019 prices and appreciation.  As far as the part about not being in a bubble, I will, for now, not say much but I may have some thoughts on it.  It is possible we may actually have a current price bubble though smaller and less destructive than 2008's bubble, but a bubble just the same, but that is a subject for a future blog.



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About MFN Realty: I am the broker of MFN Realty. I opened the firm in 1988. MFN Realty is loaded with experience and marketing techniques and your home will be well represented when you trust us to sell your home.  I am based out of Placer county and I work throughout the tri-county area in the Sacramento Valley. Call me today to discuss your real estate needs. (Disregard this offer if you are currently listed with another broker.)

Our firm covers Sacramento, Placer and El Dorado Counties including Sacramento, Roseville, Rocklin, Loomis, Granite Bay, Folsom, Elk Grove, West Sacramento, Carmichael, Citrus Heights, Fair Oaks, Antelope, Rancho Cordova, Arden Arcade, Natomas, Downtown Sacramento, El Dorado Hills, Cameron Park and other surrounding areas! 

Greg Nichols
Broker - MFN Realty
916-580-7235 (Leave message or text if I am out!)
mfnnetwork@gmail.com

See the last 2 blogs: 

What is Going on in the Local Real Estate Market? 
https://mfnrealtyinsights.blogspot.com/2019/01/what-is-going-on-in-local-real-estate.html

Are Real Estate Prices Going Up or Down?
https://mfnrealtyinsights.blogspot.com/2019/02/are-real-estate-prices-going-up-or-down.html


Register here to get email announcements of new blog updates from Greg!

Disclaimer/Indemnification:  This blog is meant for informational purposes only and is not meant to be advice for daily real estate practices. Readers using the materials and sources in this blog understand that the facts are shared as principles, and are not exact advice for specific persons or specific situations. The principles and notifications and facts shared in this blog are meant to raise awareness for consumers so that they may make decisions based on knowledge they obtain from many different sources including this blog. Readers agree to indemnify and hold harmless MFN Realty and Greg Nichols and any sources used from liability due to any decisions readers may make in real estate matters based on reading this blog. Readers need to seek out advice from their attorneys or from real estate brokers that they are in contract with who are acting as their legal agents.


MFN Realty - Greg Nichols - Broker - mfnrealty.com
A Licensed California Real Estate Broker #00632894