Sacramento Real Estate by Julie Jalone
Keep it Real in Sacramento - November 2007
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Sacramento Real Estate by Julie Jalone Keep it Real in Sacramento - November 2007
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Check
out my latest column over at Rocklin & Roseville Today, “No honor for agents.” There was a recent
Harris poll conducted about the prestige of various occupations and believe it or not, real estate agents and brokers fared
worse than lawyers, business executives and union leaders. What is up with our
clients? I have also published the column on my Real Estate News page at jalone.com
Our mail box is stuffed, again! Especially this time of year when the junk mail is accompanied by every imaginable catalog such as Victoria
Secret, Harry and David, Red Envelope, Fairytale Brownies, and the list goes on and on.
Some of these are merchants I have used and like but I didn't ask for and don’t need their catalogs. Did you know the paper used to produce catalogs annually is equivalent to 8 million
trees? I
came across a site, Catalog Choice, which we have started to use to reduce the number of catalogs we get. You register,
find the catalog you want to stop getting and they do the work. Yes, it would
be great if they just took your name off of all catalog mailing lists but this is a start and let’s face it we all have
a few catalogs we enjoy looking at. It is too late to stop what you will get
over this holiday season but think about the spring catalogs you won’t have to throw away!
It
has been a few weeks since I have reported on how inventory of homes on the market.
The number of homes currently on the market has been declining for the past two months but not at a very fast rate. As of November 19, according to HousingTracker, we had 17,444 homes on the market in the Sacramento area. That is a decline
of over 1,000 homes from the high in September and is down 2.3 percent from a month ago but is still 13 percent higher than
it was a year ago. The
median asking price for homes on the market right now is $349,000, which is down 2.2 percent from a month ago and 15.9 percent
from last year. Until we see a much more significant decline in the inventory
I do not expect to see continued pressure on sellers to lower their price to attract buyers.
Over
the past few weeks I have been noticing some increased buyer activity in homes price below $350,000.
Happy Thanksgiving!
Here is a nice way to say Thank You to our Troops, the Thanksgiving
Text Messaging Campaign America
Supports You, a Department of Defense program that recognizes citizens' support for our military and their families is launching
a wireless phone text messaging program called “Giving Thanks.” Giving Thanks started on November 17 at midnight
and will continue to November 22, Thanksgiving Day. The program
offers citizens an opportunity to say thank you to the men and women who serve this nation.
Major mobile wireless providers, including AT&T, Verizon, Sprint Nextel, and T-Mobile, provide access to the America
Supports You Text Message program. Simply text a message of thanks to 8-9-2-7-9
during the dates the program is active. You can
see how many messages have been sent and learn more about the program here. On Thanksgiving
Day, America Supports You will tabulate the number of messages sent to the troops. The
volume of text messages will serve as a reminder to our military that the folks back home are grateful for their service.
Well we started the MyForSaleSign
reality real estate series back in February so it seems fitting that we have returned to cold weather for the final episode. In our first series we have been following Randi and Tony as they have sold their
condo and purchased a brand new home. Check out the final article, “Living the Dream” and see some photos of the great new house. Congratulations Randi and Tony! space
As many as 40 percent of the 14,000 homeowners who lost their houses in California’s
forest fires last month are discovering they don’t have enough insurance to rebuild, according to the California Department
of Insurance. Don’t let this happen to you, check your insurance
policy or call your agent and determine if you have replacement coverage or exactly how much you would get in the case of
the unthinkable, a full loss.
We
have discovered a wonderful new restaurant in Roseville, Paul Martin’s American Bistro.
The restaurant has a modern, warm, decor with brick, leather, and lots of wood. According
to one of the owners, Brian Bennett, they are concentrating on seasonal and organic ingredients they get from local farmers
and producers. What I can tell you is everything we had was wonderful, especially
the shrimp scampi and the service was attentive and friendly. This is the kind
of place that is going to quickly develop a regular clientele. You can
count on seeing me there often! This
week went by much too fast! We were busy at MagnumOne but not to the extent I
would like. I had a few showings on our listings but nothing that appears to
be headed toward an offer. With most schools out next week and almost everyone
I know headed out of town the already slow market should be headed to comatose for the rest of November so maybe I will have
time to have a lunch or two at Paul Martin’s. Here
is where they are located: Paul Martin's American Bistro
We have all heard it and most of us have said it, this is a buyer’s
market. There are thousands of homes on the market, asking prices continue to
decline and the number of active buyers is small. All of this should combine
to make buying a breeze for homebuyers. My latest client buyers, Joe and
Laura, found just the opposite. Check out my latest article and column at Rocklin
& Roseville Today, “No Breeze for Buyers!” for the full story. I have also published the article on my Real Estate News page at jalone.com. Check out my FREE CD Offer and meet Karmyn Tyler New - eschool reports from MagnumOne Realty
I have
been working with a real estate industry publication, Broker-Agent Magazine to complete a feature story on me and MagnumOne Realty. It has been very flattering to be nominated for this honor and fun
working with the writer. This past Friday, I spent a few hours with their photographer,
Jill Wagner Photography. We took some photos at my
son’s school, Sierra Elementary, with the Principal Bob Capp (see photos below).
From there we got some in my home office and then went to one of my listings.
It was a fun experience and Jill did a great job of getting some shots that even I liked! The editors
at Broker-Agent are putting the final touches on the story and it should be published in their Sacramento December issue. Click on any photo below
to see the entire set.
With the war in Iraq so controversial and politicized it is easy to be distracted from honoring those who have
served to protect the freedoms we have. Today should be a day of opportunity
to say “Thank You” to those who, in some cases, gave everything. It
is an opportunity to teach children what sacrifice means and an opportunity to set aside our differences, if only for a day. More information on Veterans Day can be found here.
For my family, today we say thank you to my husband Michael who served in the US Army in Vietnam and his son, Mark
who is an active duty soldier who has served three tours in Iraq and proudly wears the Purple Heart which is the most recognized and respected medal awarded to members of the US
armed forces. The medal was created by George Washington as the “Badge
of Military Merit” it was renamed on his 200th birthday on February 22, 1932.
If you would like to send a message to Mark, send me an email and I will pass it along.
From the online NAR magazine:
How do you fix a troubled housing market? Forbes.com asked that question of a broad range of housing experts, including
CEOs of real estate firms, real estate practitioners, economists from lending institutions, and research directors at analytics
firms. Here are five of their best suggestions.
There
is another foreclosure auction coming to town and this weekend is the “Open House” for over 200 properties that
will, check that, may be sold at auction on November 18th. Check out
may latest column at Rocklin & Roseville Today, “Foreclosure Auction” for the details and my warning to be careful. It amazes me, with all the bargains
in today’s market and homes that go for weeks without a showing, this weekend some of these auction properties may get
as many as 50 potential buyers through them. The allure of huge discounts
appears too much for some of us. The unfortunate truth is that most of these
homes will be sold at current market price or above! If you are interested in the foreclosure
auction and would like me to help select, value, bid and close the transaction call me at 916 276-6883 or send me an email. I like a good auction!
We just
mailed out the November “Julie’s Newsletter” and it includes a great thank you for my readers, a FREE CD from my friend, Karmyn Tyler who is an actress, recording
artist and podcaster. Karmyn has recently moved to Hollywood to make her mark
and it has been great fun to monitor her progress and hear about what it is like being an actress. In her most recent “KarmynKast” we got to hear how it was to work on the set of Boston Legal and Grey’s Anatomy.
We love her CD and know you will too. The details of the offer are at
Introducing Karmyn Tyler. space
Right now I have two short sale escrows and as of “this moment” both look like they will
close successfully. If you have not been involved with a short sale, let me tell
you, they are a great deal of work and more often than not it is frustrating dealing with lenders who act like they have nothing
to lose by taking all the time in the world to make decisions. Even with
all the work we put in getting these two sales to this point, my hat is off to the buyers.
In a world of instant gratification where you can more often than not get anything you want today or worst cast, overnight
mail, they waited and waited without any assurance the transaction would go through.
Patience is a rare commodity these days and I want to acknowledge that without the buyer’s patience we would
not be getting ready to close. You can
see these properties at Miravista Drive and Oregon Way.
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