Living In Carmichael

What's going on in Carmichael Real Estate?

Well, it depends on if your a buyer or seller. If you're a seller, the market is going swimmingly. If you're a buyer, it a bit of an uphill battle. That's the truth, you probably won't hear that from other agents. Most buyers the days are first timers  and  are around or under the $200,000 price level and it is extremely competitive in Carmichaell, Fair Oaks, and most of the Sacramento area. The reason being is that our inventory is quite low and prices are also low. Couple that with interest rates near 5% and you've got the potential for a bidding war.

That said, over the $300,000 level things aren't so competitive. The so called "move up buyer" is almost non existent these days and that the price level that most move up buyers are looking at.

People are bidding up properties because they know they are getting a good deal and that this depressed market is not going to last much longer.

So, as an insider, here's my recommendation for you if you'rethinking of buying or selling a home soon. If you're a buyer get pre qualified with a good bank, decide if you're truly committed to owning your own home, and connect with a dedicated real estate consultant. If you're a seller, start cleaning and de-cluttering your home,start working on your next move, and start interview agents to list your home.

its a very interesting market out there - ddefinitely not normal. If you have questions or would like to chat, give me a call or send me an email. My info's on the upper left.

Cheers!

To get the most current list of Carmichael Bank Owned Homes simply fill out the form below.

Your Name:
Your E-Mail:

Powered by GetResponse email marketing software

New Carmichael Bank Owned Listing!!

3606 Perrin Way. A HUGE, newer home! Only $364,900. Check out the video!

I have daily bank owned homes tours if you'd like to see this property just send me an email with perrin in the subject line!

4504 Marble Way, Carmichael, CA 95608

I just listed this great Carmichael home! 2043 sq ft, 4 bed, 3 bath only $295,000. Call or email me if you want to be the first person to see it!


Wow! Just what you're looking for! A large home on a large lot in the QUIET, highly desirable Barrett Hills neighborhood. This lovely home features TWO master bedrooms, 4 bedrooms in all, and 3 bathrooms. Plus you get a living room, family room and dining room. The family will love the big, green back yard with room to run around. House has lovely touches like updated kitchen & bathrooms, 6 panel doors, and mostly dual pane windows. A truly wonderful Carmichael home.

 

 

 

 

A Secret Way to Lower Your Rent So you Can Save Money for Your Down Payment on a House!

Foreclosures Are Down!

I've been saying for weeks that the Sacramento Real Estate Inventory was down. Here's some more proof straight from the horse's mouth! This graph from the Countrywide Foreclosure Blog(I sell REO's for Countrywide) shows a dramatic decrease in their inventory of bank owned homes. Stunning, huh?

Odd that you don't see this in the media...

Now, I'm not saying that this is going to "fix" our market. But it will have a huge effect on it and I am curious to see what happens. Supply and Demand seems to be turned on its head in Sacto anyways.

Carmichael Median Price & More Interesting Facts!

Well the official median home price in Carmichael in March 2009 was $232,000 with 34 sales. This was a little slower than expected, but sales were up a whopping 64% from March of 2008. Surprisingly Fair Oaks had a smaller median price coming in at $225,000 with 25 sales.Historically, Fair Oaks is pricier than Carmichael.

This graph from the Sacramento Bee shows the increase in sales year over year in Sacramento. We actually had a price increase from February to March 2009. The Sacramento County Median price was up $500 to $167,500. Sales are up, price are somewhat stagnant. We'll have to see what happens with these foreclosures. I know local inventory is down. It will be really interesting to see what happens!

Send me an email for personal evaluation of you home buying situation!

Mortgage Protection for First Time Buyers!

The California Assoc of Realtors announced a new program that protects first time home buyers in case of a job lose. If you buy a home afterr April and lose you job the CAR will pay your mortgage up to $1,500 a month for six months!!! This is unprecedented and incredible!

See this link for details!

I can't beleive it!

Mortgage rates are the lowest they've been since 1971!! That is just amazing! Last week you could have locked a loan at 4.85% with no points. What that means is that a $200,000 loan would have payments of $1,055.38 for principle and interest. (Your actual payment would also include taxes, insurance and likely mortgage insurance adding a few hundred more dollars to the payment.) This is less that you'd pay to rent most houses in Sacramento!

Record low interest rates coupled with the a median home price under $200,000 and you've got a very affordable (thank God!) real estate market. Some of you have been waiting and watching for this and others of you are just lucky enough to get the timing right. But I doubt it will get much better than this. Why do I think that? Inventory is down, way down. Foreclosures have slowed way down, which is not good for the home buyers. If there are no bank owned homes to buy, all you have left is short sales and a handful or sellers with equity. Personally, I'd rather buy when I have more options.

So quit thinking about it and get enrolled in the Home Buyers Scouting website and see what the best real estate website has to offer. Clients of mine love this free site and many literally log in several times a day! Click the button below and sign up. And we promise, NO SPAM!!!