For months, I have been advising investors to buy foreclosures in Natomas for a long-term investment. That's because the name of the game is cash flow, and prices are finally low enough to let these homes produce an income. Most of the bank-owned homes were built between 2001 and 2007, which mean
...
08/31/2008
Anybody who doesn't realize that the Sacramento market has reached the bottom either isn't paying attention or is watching TV soaps. The activity this August has been nuts. Ordiinarly, I will see a spike right after Labor Day, but instead this year it happened mid-August. It's frightening to thin
...
08/30/2008
If you're feeling in an extravagant mood and find yourself watching too many episodes of Iron Chef -- perhaps daydreaming of becoming a panelist at Kitchen Stadium (not gonna happen, the show is over) -- then I've got just the place for you: The Kitchen in Sacramento, located in the Arden Park ne
...
08/30/2008
When I turned 18, I bought my first car: a 1960 Chevy station wagon for $75. All my friends were waiting in my apartment for me to pull up in front. My apartment had a big glass window that overlooked the street, so they could see me coming. I spied a bunch of smiling faces when my car turned the
...
08/29/2008
It's easy to see how some agents can sell more than 100 homes a year. They hire assistants and other agents to help by forming a team. It's just a personal quirk of mine, but I would never lead a team. For one thing, I don't want to be responsible for another agent's success. For another, I pref
...
08/29/2008
It doesn't matter whether I'm showing homes in Land Park, East Sacramento or Midtown, when I spot the perfect home for certain buyers, I instinctively know which home is the right home. I suspect most agents have this built-in intuition. That's because we tour homes weekly, if not sometimes dail
...
08/28/2008
My managing broker called me into her office to chat today after our weekly meeting. She said an agent at another Lyon office called her because that agent's client was irate over something I said on a radio interview. I was sort of puzzled because I haven't done a radio interview for several mon
...
08/27/2008
I'm certain there are plenty of real estate agents, present company included, who are tickled pink over this development. Seems a lender agreed to a short sale and then tried to back out of the contract. Sound familiar to anyone? Aurora Loan Services, based in Littleton, Colorado, has been sued b
...
08/26/2008
Last night my husband rushed in the door at 6:40 and turned on the TV news. This would not be unusual for most people, but we don't ordinarily watch the 6:30 news broadcast. Well, unless one of us is on the news, and this was one of those times. Except we turned it on too late to catch his interv
...
08/26/2008
This poor seller from another state just called me to ask if she could hire me to handle her contract negotiations. Seems she has received an offer directly from an out-of-area selling agent on a home she owns in Midtown Sacramento. To save on the commission, a friend who "understands real estate
...
08/25/2008