Elk Grove bank owned home with 4 bedrooms and a heated pool! Ready for you to move-in!

Check out this Elk Grove bank owned home for sale!

Great location and a popular floorplan on this 4 bed pool home! Finish off the summer swimming in the solar heated pool and enjoying your new home. One bed and full bath downstairs. Separate living room and family room with fireplace. The master bedroom even has a fireplace! Open and sunlight kitchen with area for breakfast table.

This is a Fannie Mae HomePath property. Purchase this property for as little as 3 percent down. This property is approved for HomePath Mortgage Financing and HomePath Renovation Financing.

5808 Laguna Shore Way Elk Grove, CA
Bedrooms: 4 
Bathrooms : 3 Full
List Price : $ 274,900
Living Area Approx :  2291

front of home

front room

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If you are interested in viewing this property... Call Erin Newington at (916) 585-3858!

Find out when other new bank owned homes come on the market in Sacramento!
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Happy Hunting!


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My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! If you are an investor make sure to check out my Sacramento Investors Blog www.ElkGroveREIA.com!

Please contact me and let's discuss how we can work together to find your next home or investment property. Feel free to visit my website to search for homes now!

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Churchill Downs bank owned home in the Elk Grove School District on the market TODAY!

Check out this Churchill Downs bank owned home that just came on the market in Sacramento!

Located in the Elk Grove School District this home makes a great started home or rental. Built in 2003, This home has been freshly painted and new carpet has been installed. This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down. This property is approved for HomePath Mortgage Financing and HomePath Renovation Financing. To view this property call Erin Newington at (916) 548-9198.

9275 Pridhoe Court, Sacramento, CA
List Price: $189,900
3 Bedrooms
Bathrooms : 2 Full
Living Area Approx : 1137

Sacramento home for sale

Kitchen

front room

bathroom

yard

If you are intereted in viewing this property... Call Erin Newington at (916) 585-3858!

Find out when other new bank owned homes come on the market in Sacramento!
Register for our FREE email notification service >>

 

Happy Hunting!


signature

 

My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! If you are an investor make sure to check out my Sacramento Investors Blog www.ElkGroveREIA.com!

Please contact me and let's discuss how we can work together to find your next home or investment property. Feel free to visit my website to search for homes now!

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Super clean 3 bedroom home for sale in the Elk Grove School District located in 95828

This home is not a short sale or bank owned home and is super clean! Although this home is located in Sacramento, it is located in the Elk Grove School District!

8392 Pelligrini Ct, Sacramento, CA
List Price: $199900

3 Bedrooms
Bathrooms : 2 Full
Living Area Approx : 1389 Sqft

Not bank owned or a short sale. If you are looking for a home that is move in ready this is the one! This is a well maintained super clean home!3 bedrooms and 2 full baths on a quiet court and conveniently located across the street from a small park. Great room concept with fireplace in family room. Large country kitchen with lots of cabinets and plenty of counter space over looks family room. Master bath has double sinks. Back yard is an oasis of plants and flowers perfect for relaxing.

 

 

Get directions to this house in Sacramento >>

 front of house for sale in sacramento

dining room

kitchen

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 If you are intereted in viewing this property... Call Erin Newington at (916) 585-3858!

Find out when other new homes come on the market in Elk Grove!
Register for our FREE email notification service >>

 

 

 

Happy Hunting!


signature

 

My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! If you are an investor make sure to check out my Sacramento Investors Blog www.ElkGroveREIA.com!

Please contact me and let's discuss how we can work together to find your next home or investment property. Feel free to visit my website to search for homes now!

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Check out this bank owned home located in the Elk Grove School District

Check out our bank owned lising located in the Elk Grove School District!

8629 Underhill Dr, Sacramento, CA
List Price: $219900
3 Bedrooms
Bathrooms : 2 Full
Living Area Approx : 1664 sqft

 This is a Fannie Mae HomePath property.Purchase this property for as little as 3 percent down. This property is approved for HomePath Mortgage Financing and HomePath Renovation Financing. 3 bed,2 full baths. Corner lot, 3 car garage, very popular floor plan with separate living room and family room with double sided fireplace. Nice laminate flooring at kitchen and master bath. Kitchen features Corian countertops and center island with sink.Location is central to everything! See this today!

 

Get directions to this Open House in Elk Grove >>

home for sale 95828

family room



 

 

 

 

Kitchen

master bath

back yard

 If you are intereted in viewing this property... Call Erin Newington at (916) 585-3858!

Find out when other new homes come on the market in Elk Grove!
Register for our FREE email notification service >>

Do you currently own a home in Elk Grove? Find out what your home is worth in today's market. Visit www.MyElkGroveHomeValue.com to order your FREE home valuation!

 

 

Happy Hunting!


signature

 

My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! If you are an investor make sure to check out my Sacramento Investors Blog www.ElkGroveREIA.com!

Please contact me and let's discuss how we can work together to find your next home or investment property. Feel free to visit my website to search for homes now!

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Open house this Sunday in Elk Grove - Check out this 4 bedroom home in 95757

Come by and see this house this SUNDAY 1pm-4pm at our Open House in Elk Grove!

5613 Hirsch Cir, Elk Grove, CA
List Price: $269900
4 Bedrooms   Bathrooms : 2 Full / 1 Half
Living Area Approx : 2473

This beautiful and inviting 2 story home with formal living & dining combo just came back on the market! Spacious family room open to the kitchen and breakfast area. Kitchen boasts corian counter-tops, island, black appliances, and huge walk in pantry. 4 large bedrooms upstairs with full bath and homework station. Large backyard back ups to a creek.

We were close to getting short sale approval when our buyer canceled! Now it is your shot to get into this great house!

Get directions to this Open House in Elk Grove >>

Home for sale in 95757

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back yard

Find out when new homes come on the market in Elk Grove!
Register for our FREE email notification service >>

Do you currently own a home in Elk Grove? Find out what your home is worth in today's market. Visit www.MyElkGroveHomeValue.com to order your FREE home valuation!

 

 

Happy Hunting!


signature

 

My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! If you are an investor make sure to check out my Sacramento Investors Blog www.ElkGroveREIA.com!

Please contact me and let's discuss how we can work together to find your next home or investment property. Feel free to visit my website to search for homes now!

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Sacramento Foreclosure Trends ... What's going on in Sacramento County right now?

Watching foreclosure trends in the Sacramento real estate market will help you monitor the level of distressed homes that will soon be listed for sale.  

The the first step of the foreclosure process begins when the bank files a Notice of Default. This document is typically filed after the homeowner is 90 days late making their payments. The Notice of Trustee Sale is the final stage of the foreclosure process. This notifies the homeowner that their home is going to auction and is filed 21 days before the sale date.

As you can see, Notice of Default filings have declined this quarter. Many banks are now working with homeowners using tools like a loan modification or a short sale to avoid the completion of the foreclosure process. Trustee sales for the most part have stabilized in the last 3 quarters.

graph foreclosure trends

After the filing of a Notice of Trustee Sale, there are only three possible outcomes.

1. The foreclosure sale can be canceled.
Reasons for a cancellation can involve a successful loan modification or short sale, a filing error, or a legal requirement to re-file the notice after extended postponements.

2. The property goes back to the bank.
When the property goes to the court house steps to auction, the bank will place an opening bid. If a third party doesn't outbid the bank's bid, then the property goes back to the bank. The property is listed for sale soon after as a bank owned home.

3. The property is sold to a 3rd party.
During the auction process the property is purchased by a 3rd party.

Sacr

Foreclosure cancellations are on the rise, indicating more banks are willing to work with struggling homeowners. With more and more short sales hitting the Sacramento market... it's no surprise to me that we have seen an increase in foreclosure cancellations. 

Another interesting statistics foreclosures by loan amount. If you compare the 2 charts below you will see, for example, homes with loan amounts in the $150,000 range led the pack in 2007. This is most likely because folks who purchased in that price range had less reserves to get them through tough times than those in a higher price range.

foreclosure by loan amount chart

Now fast forward to 2009... we are starting to see more foreclosure filings in the higher loan amounts.

foreclosure by loan amount chart 2010

Well that is a look at where we are as of the 2nd quarter of 2010 in regards to foreclosures. Make sure to come back and visit for future updates!

If you are looking to invest in the Sacramento real estate market, please give me a call to discuss your options!

 

 

Happy Hunting!


signature

 

My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! If you are an investor make sure to check out my Sacramento Investors Blog www.ElkGroveREIA.com!

Please contact me and let's discuss how we can work together to find your next home or investment property. Feel free to visit my website to search for homes now!

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Check out my new short sale listing! This 4 bedroom home in Elk Grove is priced to sell!

Erin Newington L#01700374 | Keller Williams Realty | (916) 585-3858
8494 Wilmarth Way, Elk Grove, CA
Elk Grove home for sale in great shape!
4BR/2+1BA Single Family House
offered at $235,000
Year Built 1999
Sq Footage 2,181
Bedrooms 4
Bathrooms 2 full, 1 partial
Floors Unspecified
Parking Unspecified
Lot Size 4,879 sqft
HOA/Maint $0 per month

DESCRIPTION

Wow! What great home inside and out for this price. Formal living and dining areas with high vaulted ceilings & lots of windows for light. Family room with fireplace, built ins and TV! Master bedroom & bath is downstairs, plus 3 upstairs bedrooms & large loft with fireplace! Exterior has a beautiful pool with fencing and beautiful landscaping in the back just waiting for the kids to swim in. Come take a look you will fall in love. Shows well...don't miss out at this unbelievable price!

see additional photos below
PROPERTY FEATURES

- Central heat - Fireplace - High/Vaulted ceiling
- Walk-in closet - Family room - Living room
- Bonus/Rec room - Breakfast nook - Dishwasher
- Stove/Oven - Laundry area - inside - Swimming pool

COMMUNITY FEATURES

- Garage parking


ADDITIONAL PHOTOS


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Contact info:
Erin Newington L#01700374
Keller Williams Realty
(916) 585-3858
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Aug 23, 2010, 2:33pm PDT

 

Happy Hunting!


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My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! If you are an investor make sure to check out my Sacramento Investors Blog www.ElkGroveREIA.com!

Please contact me and let's discuss how we can work together to find your next home or investment property. Feel free to visit my website to search for homes now!

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Join me tomorrow night at the Rental Housing Association for free legal advice for Sacramento Landlords!

RHAI am sponsoring another event at the Sacramento Rental Housing Association tomorrow! Join me for another installment of RHA's Real Estate Investment Forums!

This month our speaker will be attorney Gary Link who will discuss present legal issues for real estate investors. Gary Link's specialty is working with Sacramento landlords to make sure they are protected.

This is a FREE event you don't want to miss! Get a couple hours will a local attorney who specializes in rental property and find out what the latest and greatest legal issues you need to be aware of!

You must register to attend this event at the RHA website! Register Now >>

 

Happy Hunting!


signature

 

My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! If you are an investor make sure to check out my Sacramento Investors Blog www.ElkGroveREIA.com!

Please contact me and let's discuss how we can work together to find your next home or investment property. Feel free to visit my website to search for homes now!

Find me online ...

FacebookYoutube  twitter

 

Find this blog post interesting?... Share it with someone!   Bookmark and Share

 

What gives you the best deal in Elk Grove... a bank owned home, short sale, or private party sale?

Are you looking to buy a home in Elk Grove? Have you ever wondered if you can get a better deal on a bank owned home, short sale, or private party sale?

I ran some numbers to see if I can answer this question!

Just a quick lesson for those of you who do not completely understand the three categories... let's review them for a minute.

elk grove homes for saleElk Grove Short Sale: These transactions involve a sellers who owes their bank more than their home is worth. The buyer makes an offer to the seller, then the seller has to obtain a short sale approval from their bank. This means the bank agrees to release the lien (mortgage) on the home, even though they will not be paid back in full.

Elk Grove Bank Owned Home: These homes have been foreclosed on and are now owed by the bank and are more than likely vacant.

Private party sale: These are homes that are NOT bank owned or short sales. They are private party sales, probate sales, bankruptcy sales and other non bank owned or short sale transactions.

The first item we are going to look at is how long on average bank owned homes, short sales, and private party sales stay on the market before they are sold.

elk grove homes days on the market


It makes sense that Elk Grove short sales lead the pack having the most average days on the market of 154. The short sale process can take months to get an approval back from the bank. This makes sense that short sales take much longer to closes escrow than the other two categories. Elk Grove Bank owned homes are in 2nd place at at 47 days on the market and private party sales are at 42. This is because these homes are ready to sell today as opposed to a short sale.

 

Next... let's look at average cost per square foot for an Elk Grove home based on area sales.

average sqft cost for elk grove homeIf you compare on average the cost per square foot of a bank owned home, short sale listing, or private party sale... the best deals on average is the Elk Grove bank owned home. As you can see, you can get the cheapest square foot cost for a bank owned home... but a short sale gets you pretty much the same deal. Normally, there are issues with the condition or maintenance for these homes... which provides a discount in price. Elk Grove private party sellers are selling their homes as quickly as banks, but are netting more on average! That is great news for those looking to sell an Elk Grove home or investment property!

Finally... let's look at how many months of inventory we have left in the Elk Grove Real Estate Market.

If you look at all the single family homes currently on the market, it would take us an average 2 months to sell every last house currently for sale in Elk Grove.

absorbtion rate of homesI thought it would be fun to check the absorption rates for each of our three categories (bank owned, short sale and private party sale). What is the absorption rate? The absorption rate tells us of the available homes for sale in Elk Grove, how many were absorbed (purchased) by buyers.

Again the bank owned homes win again! Over 70% of the bank owned homes that were available to buy in June 2010 were sold. When you compare that to figure to a short sales at 41% and private party sales at 46.8%... Elk Grove bank owned homes are certainly getting snapped up almostv2 times as much as short sales and private party sales.

In conclusion, bank owned homes provide you on average the best price, but as you can see there is more competition for these homes based on the absorption rate.

Be prepared to move quick when a new bank owned home comes up for sale... because other buyers will be.

Expect to pay more for Sacramento private party homes for sale, but remember they are often in much better condition than a short sale or bank owned home. Keep in mind these are averages and every neighborhood will reflect different numbers, but it will give you a indication of what is going on in our Elk Grove Real Estate Market as a whole.

If you are looking to buy or sell a home in Elk Grove, please call me and we can discuss how I can help you navigate through our historic real estate market!

 

Happy Hunting!


signature

 

My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! If you are an investor make sure to check out my Sacramento Investors Blog www.ElkGroveREIA.com!

Please contact me and let's discuss how we can work together to find your next home or investment property. Feel free to visit my website to search for homes now!

Find me online ...

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If you are an agent buying a bank owned home... You might not make a commission!

My investor clients are in escrow on a bank owned property in Sacramento. We received the good news this morning along with the bank's addendum for my clients to sign.

One of the forms that needed to be signed was in regards to my commission. I found this odd and wanted to find out if anyone else had run into this.

Here is what it said...

"Seller shall pay a real estate commission pursuant to the listing agreement between Seller and Seller’s listing broker however, no commission shall be paid nor credit given, to a Purchaser who is a real estate licensee."

So if I am a real estate agent and I am making an offer in my name... I don't get paid a commission (with this particular bank)? Even if our MLS system says I do?

How can a bank offer a home for sale... list it on our MLS system.... then once the offer is verbally accepted...  they tell you... oh by the way you are not going to get paid!

They could at least make a note on our MLS system so we know upfront!

That just doesn't seem right!

 

Happy Hunting!


signature

 

My job is to get you the best deal I can and help you navigate through our complex Sacramento Real Estate Market.  My team works directly with many banks to sell their foreclosed homes... so I HAVE A LIST OF HOMES NOT YET ON THE MARKET! If you are an investor make sure to check out my Sacramento Investors Blog www.ElkGroveREIA.com!

Please contact me and let's discuss how we can work together to find your next home or investment property. Feel free to visit my website to search for homes now!

Find me online ...

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