February Newsletter – “In the Know”

Greetings! I hope everyone’s New Year is going great so far!

I have now been in business for 5 months and 6 transactions – what a great learning experience! I feel that I’ve done a good job putting my interpersonal skills together with strong negotiating ability to get the best value for my clients.

A few success stories:

  • We received a winning, full price offer on my first listing in one weeks time!
  • My second listing closed in 17 days with a close-to-full-price offer.
  • For one of my buyers, we negotiated $25,000 less than asking and closed in about two weeks time.
  • Another buyer will be getting into her home for at least $10,000 less than asking, with repairs done by the seller and several thousand credited back.

In short business has been good. I’ve enjoyed the challenges and people I’ve worked with. Whether or not you are buying or selling, I’m dedicated to share my contacts and resources – Just ask.

The stats for 2005 per the National Association of Realtors are in and I thought you may find them interesting:

  • 7.07 million homes sold in 2005.
  • That is the fifth consecutive annual record year.
  • Inventories of unsold homes fell to 2.8 million in December.
  • 2005 national median sales price increased 10.5% to $211,000.

Buying your own home is still the way to go. That said, David Lereah, chief economist of the NAR reports that “Speculators are pulling out.” Sales are reflecting that change. We should be seeing more price adjustments as the market slows to steady growth. Yes, there will be exceptions to well priced properties, but I am guessing that buyers will have more advantages in negotiations.

If you are ready to make a change, let’s talk. The coming months of early spring are historically a great time to take advantage of the slower winter pace.

Featured Listings:

8183 Yorkton Way, Sacramento, CA 95829 – $499,000
1151 Millet Way, Sacramento, CA 95834 – $317,000

JUST ASK

Q: When looking at my local housing market, how significant are the terms “over-valued” and “under-valued”?

A: Economists release data in the beginning of the calendar year with indexes that show housing markets that are either over-valued or under-valued. These indexes are typically based on three main aspects: income levels, interest rates, and population densities.

The significance of these indexes varies. For example, areas deemed over-valued often experience less vigorous growth over time. Yet there are reasons why those markets become so hot in the first place. The area’s restaurants, outdoor recreation, and cultural infusions are not reflected in the housing market indexes.

Each area needs to be examined on its own merits and / or drawbacks. If you would like to sit down to discuss our market area, please let me know.

Find a housing index report here: http://money.cnn.com/2005/12/29/real_estate/buying_selling/handicapping_housing_markets/index.htm

MY TOWN

Spring is almost here! Spring is a wonderful time to put your house on the market. Buyers come out of the woodwork, the sun is shining, the trees are blooming and your house looks just perfect. Or does it? The better your house looks from the street, the better the buyer’s first impression, and the better offers you will get. One of the best ways to prepare your house for market now is to spruce up your front garden or walkway. Here are some fun websites to help you get started.

http://www.gardenweb.com/ has a Hortiplex database where you can look up plants and flowers.

http://www.organicgardening.com/ offers everything from compost piles to backyard bird feeding.

Provided free of charge, the city of Austin has posted six optimal landscaping designs on this website (http://www.cityofaustin.org/greengarden/designtemp.htm) that will help you minimize water use and promote environmentally-friendly gardens.

I would love to visit your house and give you tips on inexpensive ways to spruce up the front of your house. Just let me know!

FYI

Are you getting ready to head out to Home Depot or Lowe’s to pick up some supplies for your remodel project? If so, take a look at this website: http://www.fatwallet.com/

Fat Wallet is comprised of a community of people who keep their eyes out for fantastic deals on everything under the sun. Use their search bar to type in the name of the store where you want deals and you will find coupons and savings offers!

PERSONAL UPDATE

Everyone asks me about my family and THE KIDS – so here’s the scoop.

Drew is in his terrific twos (all parents will read between the lines here – ha ha ha). He is into everything: Climbing, running (his feet and mouth), drawing and painting, watching shows (Bob the Builder is his favorite), playing “Choo choo”, staying awake late, digging in the backyard, eating sweets, making new friends, and more.

Luke is about 6 months old. His favorite things to do are rolling over, drooling, bouncing in his “bouncy seat”, chewing on stuff, and now eating rice cereal. Oh did I mention drinking mama’s milk?! He’s an angel!

Char and I just celebrated our 5 year wedding anniversary. Looking back, we are so grateful for where we’ve been and the newness ahead. We both will be turning 35 this year (well I just did). It’s a great season of life.

As you may know, my growing business is built on insight, integrity, and experience, however, it flourishes by working with quality people as yourself and those you might refer. Thank you for your business.

I hope you have a great holiday and look forward to talking to you soon.

Cheers!

Keith Klassen
(916)282.6313

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