April News Letter – “In the Know”

In the Know

THE BUZZ

Everyone is into real estate these days. I can’ t go to a gathering without someone bringing up the topic. “What’s the market doing? I heard the ‘bubble’ has burst! Is it the right time to buy? I wonder what my home is worth? Are there still good deals on income properties? I heard that foreclosures are the new thing.” And so on … You might have made some of these comments yourself or have some of these questions. It is a pleasure to be in a position to comment and educate, as I stay current on the market trends, particularly in the Sacramento area.

Sometimes we need to step back and try to get a national overview of what is happening in real estate. The signs are conflicting but the news is good. Here is what I am talking about:

  • After slowing for the past 5 months, home sales have unexpectedly increased by 5.9% to exceed predictions.
  • National sales are down a mere .3% from this time last year. Interest rates rose again last month: federal funds rate are now at 4.75%.

The National Association of Realtors Chief Financial Officer, David Lereah, reports that this is the “soft landing” that they have been hoping for. It is important to watch the market geographically as trends differ. Nationwide, sales are up 19% in the Northeast, 11% in the Midwest, 5% in the West and down 2.5% across the South (particularly in last years booming Fort Lauderdale, Phoenix, and San Diego).

As always, know that you can call me at anytime with your questions.

MY RECENT SALES

Q st., Sacramento, CA 95814 – $374,000
Yorkton Way, Sacramento, CA 95829 – $504,900
River Isle Way, Sacramento, CA 95831 – $314,900
Millet Way, Sacramento, CA 95833 – $342,000

JUST ASK

Q: Do you have any tips for rental property owners?

A: Several of my clients either are, or know, rental property owners. And others may be speculating about becoming landlords. Recently, I heard about and decided to purchase a software program that could help organize life as a landlord: Quicken’s Rental Property Manager. From organizing expenses for tax season to staying on top of your rental income, Quicken’s recently launched software sounds like a dream come true for landlords and real estate investors. I’ll let you know what I think as I begin to use it. For more info, click here: http://www.rental-property-manager.com/.

If you are interested in rental properties or other real estate investments, please give me a call. I’d love to help you from my experience and professional network in this area!

MY TOWN

It seems to happen to me every time I go to the nursery in the spring to select plants for my garden and get overwhelmed. Here are some tips that may help if you share this dilemma.

Visit the nursery during the week to get more help. Bring pictures of the areas for which you’re seeking plants. Make sure to pay attention to how much sun you need per plant. Ask about annuals and perennials and where they would fit best in your garden.

Avoid plants with yellowing leaves, under-watered bleached leaves, and fungal disease notched leaf edges. When you do plant, save the little white plant tags in a baggy for future reference. Enjoy the rewards of a green thumb. If you want to brag, give me a call and I will come over and be very envious.

FYI

You may have already seen this…

How smart is your right foot? This is funny and it will boggle your mind. And you will keep trying at least 50 more times to see if youcan outsmart your foot, but you can’t …………….
& mind control does NOT work either!!

1. While sitting at your desk, lift your right foot off thefloor and make clockwise circles.
2. Now, while doing this, draw the number “6” in the air withyour right hand.
3. Your foot will change direction.

Yes, you can focus and change the course, but if you try it again, it will happen again. So …..there’s nothing you can do about it!!

What does this have to do with real estate? I am still trying to figure that out but I do know that you may want to pass this on to your friends…they won’t be able to believe it either!!

PERSONAL UPDATE

As usual, everyone wants to know about my family. They are excellent. I love my wife and two boys more every day. While I knew having kids would be difficult, I did not realize how much fun it would be. I get such joy on a daily basis watching Drew and Luke grow up. Char and I have daily laughs as they entertain us with their shenanigans.

Drew is into “Cwimbing” and “Chocwat” and his little bro “Lukie”

Luke is into solid foods, crawling, and giving big droolie kisses.

As you may know, my growing business is built on insight (understanding), integrity (honesty), and experience (in real estate and life). It flourishes by working with quality people as yourself and those you might refer. Thank you for your business.

For some entertaining reading on my experiences as a Realtor and investor, opinions, practical advice, and unconventional wisdom in real estate, check out my professional blog at http://reflectionsonrealestate.blogspot.com/

I look forward to hearing what’s new in your life – talk to you soon.

Cheers!

Contact Info:

Keith Klassen
Broker Associate
Keller Williams
391 Howe Ave.
Sacramento, CA 95825
W: 916-282-6313
keithklassen@kw.com
http://klassenandassociates.com

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