As a Curtis Park resident, I’ve been following the most recent news on the Curtis Park Village development – here’s a recent piece that goes a little beyond our Viewpoint news.
If you are like me, it helps to see a picture to help explain and understand complex concepts. An appraiser friend of mine does an excellent job of this on a consistent basis - check out Ryan’s most recent blog post HERE
[last news letter to our property owners, for whom we manage their properties]
Hope you are finding the spring enjoyable. As the weather heats up so are the sales. We’ve assisted several more owners since our last communication in selling their properties at the highest price and in a short time frame. Others have taken us up on doing a property value analysis and many of the responses have been, “Not yet.” Or, “I need to wait maybe six months before I sell.” Or, “When the value comes in at $ ______, then let me know and I’m willing to sell at this price.” I did comps on one owners condo 6 months ago and now the value has come in at nearly $40,000 higher! These figures have surprised us too and have shocked other sellers. Take a look at the graphs below that visually show what the market is doing. Give us a call or email us to take your next step.
As you can see, the trend is upward. Now may be the time to buy as well, as some are concerned about being priced out of the market, or wondering if properties will every cash flow again. We also began to hear some of our clients buzzing about 1031 exchanges (tax free). Properties with equity, but a depreciated base can sometimes be parlayed into two or three properties that generate more cash flow and have potential for some great appreciation. Let’s talk soon to determine your next steps.
Keith Klassen, Broker
West Sac. has gotten a bad rap over the years, but this article give some hope toward their progress, in the arena of solar energy and the environment.
Check out the article
Keith Klassen – Real Estate Broker
It’s always great to see things happening in our neck of the woods. Business thriving, homes restored, and new things coming to life all around us. The local women’s gym, Figure 8, seems to be a big hit. For the last month they have been undergoing a face lift, redoing their storefront and perhaps reconfiguring the entrance. This renovation should be an attractive upgrade to the already thriving neighborhood.
Stay tuned for the finished product.
Real Estate Broker
It is so important what neighborhood you live in, whether it be for distinctiveness or convenience of locale, people should spend a good amount of time getting a feel for where they are buying and what they are buying into. When I purchased my first home in Sacramento, I knew that I was not just buying a house, but a neighborhood too. I just had a gut feeling that my little East Sac. home and neighborhood was a winner, even though I did not know much about it. However, I found out, over time, the people no my street kept to themselves and were a bit cold. At the first meeting of my direct neighbor I said, “Hey, we’re thinking about having a BBQ to get to know everyone on the street. I’ll let you know when we plan it.” She quickly replied, “Oh, we won’t be coming to that.” I was speechless. “Uhhh, okay. I guess I’ll see you around.” I couldn’t believe it!
While you can do research on the potential home and neighborhood, it is very difficult to do in depth research on the people that will be your neighbors.
Before we moved our current home in Curtis Park we drove around the neighborhood extensively, walked up and down the street where our potential home was located, and attempted to talk with as many neighbors as possible. I’ll never forget the first woman I spoke with… “Are you looking to buy that house?” the neighbor asked. “Yes, we are in contract,” I replied. She went on to introduce herself and tell me all about the neighborhood. The former owners told us that they were saddened to leave because they’d grown so close to their neighbors. The evening we finally got everything moved in, our neighbor across the street brought us freshly baked cookies and apologized for only bringing a particle ½ gallon of milk! The next day a man from down the street dropped off brownies he made for us. A few weeks later our other neighbor gave us a bundle of kindling for fire wood. After only several weeks I knew we had move onto a unique and special street.
This is the “Front Porch” ethos – an attitude of community that I find deeply rooted and perpetuated on my street. I applaud and say a big thank you from my family to our neighbors. Who cares about home values, when you’ve got neighbors like ours!
Ah, the tree-lined streets of old Sacramento. Shade and beauty! I love the canopy – it’s like a tunnel of trees.
Now I do not want to be a pessimist, but the trees also are somewhat of a ticking time bomb. Several of my friend have come out to their cars during the winter most or after a windy night, only to find a large tree branch has fallen and destroyed their car.
A neighbor of ours had a tree split his home in two! The pictures are too graphic and horrifying to post
Here’s our old neighborhood and a tree that feel last year!