Job Perks – Sacramento Real Estate

I had the good fortune of closing a short sale (after 4 months) in El Dorado Hills.  My clients had big plans to update the home and do some minor renovations.  In the discussion process I overheard them point to the pellet stove insert and say, “That thing has got to go!”  Little did they know I had been shopping for one on and off for the last few years.  I guess I was not very motivated to drop the $2000+ on one of these bad boys.

The clients and I did our final walk through before the close of the sale and I said, “Hey, what are you going to do with that old pellet stove?”  Like how I “beat it up”a bit?  “Oh, we are getting rid of it and putting a gas insert in its place.”  I said, “Hmmm… I’ve actually been looking for one and that would fit perfectly in my 1930’s home – my wife would love it.  I’d be willing to take it off your hands and haul it off.”  He said, “Make me an offer.”

Long story short, I picked it up last weekend and installed it last night.  A shout out to Robin McDonell (and Bruce), “The Pellet Stove Guys!” Robin seriously saved me about $700+ in parts and labor and gave me the tutorial on everything I wanted to know about pellet stoves.  This guy kicks some serious ass when it comes to pellet stoves.  Check out his blog/website here.  Not flashy, but they take care of business.  Put it this way, I was not paying for his fancy showroom.  Thanks Robin for the hook up!

Also, my neighbors came through – Thanks Pete for the bag of pellets and Jay for the use of the truck to make it all happen – true neighbors.

I am currently sitting in my chair enjoying the blaze of the Whitfield Advantage (which I got for a ‘song’).  It’s a cool 53 degrees outside, I’m sipping my coffee, blogging, and watching my kids play Legos in front of the fire.  It’s like Christmas come early.

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030

Realtor Run-Ins, Sacramento CA

From time to time, I just have to crack back on some of the agents with whom I have
run-ins.  Granted, we all make mistakes, we all have bad days, and we all have our eccentricities…  but come on now!  To be in this business (especially in this economy), one must have a sense of humor, be willing to laugh at themselves, and the industry.

I submitted an offer on a short sale last week – of course, I hustle to get the appointment, show the home, consult with the buyer, and write the offer in a timely and expedient manner.  I did not get a confirmation email that they received the offer the first day, so I emailed again the next.  Here’s the response I got:

[I received this on the 11th]

Hi Keith,

Thank you for your clients offer.

I am on vacation and going on a cruise from the 14th to the 22nd.   I will process all offers on the 22nd.   So please ask your clients to be patient.

Uh, yeah.  We cannot be patient and we will not work with you.  Sorry, on to the next one.  There is a phrase in real estate called, “Time is of the Essence.”  This is a good example of a bad example.

Okay colleagues, everyone can get someone to cover for them!  No matter how small your company is… you could even get someone from another company to cover for you!  Point blank, just bad business practices!

Please make me laugh and share some of your experiences.

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030

Art Around Town, Sacramento CA

Just a lazy Sunday… decided to grab some Dos Coyotes.  While I’m all about the local authentic Mexican food, I can never get too much of the sweet green salsa!

My boys scaling the head out front.

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030

New California Tax Incentives for First Time Home Buyers

I pondered in past posts, “What will happen to the market after the tax stimulus offering is over, come April 30, 2010?”  Well, it looks like we will not have to answer that question until the end of the year.  The news is buzzing with the almost-done bill that will be signed by Governor Schwarzenegger to give new home buyers up to $10,000, starting May 1, 2010.  For so many of my buyers this is fantastic news, since the old dead line loomed and rush to find a home was on.  Yesterday after telling one of my clients about this news, he asked, “So does this mean that I could potentially get $18K from the government?”  I quickly said, “Yeah right, I don’t think so [greedy man!]”  Well, I just read an article this morning stating that this may be true for some.  Those who are in contract on a home purchase by the end of April and then close after May 1, 2010 will most likely get both, since the $8K is federal money, while the $10K is California money.  The writer called it a potential “stampede.”  This is a great visual and probably a true forecast – first time home buyers are going to go nuts over this.  Who wouldn’t?!?!  I thought $8,000 was extremely generous!

While this is great news for buyers and Realtors alike, I keep wondering, where is our State and Nation going to get this money?  My wife just chimed in, “China!”

Thoughts and opinions?

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030

Art at the Park – Sacramento CA

I love to see artwork at public play areas – murals, sculptures, weird collages, and more.  It all inspires creativity.  Here’s a piece at a local park in Sacramento.

Does anyone know where or which park this is located?  What are some of your favorites?

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030

Property Management Market in Sacramento CA

Just like home values, market rents, in Sacramento CA, vary depending on the location, size, and quality (amenities) of the property.  Currently, the inventory (supply) is up, there for prospective tenants have much to choose from, driving the rents down.  Tenants can now be picky, as they hold most of the “cards.”  There are a few areas that stay strong – East Sacramento and Midtown (as well as Curtis and Land Park when people can afford it) always have high demands to live there.

I have an owner client that was previously renting a 2 bedroom home for $1250.  We’ve lowered the price to $1050 and are still not get very many showings.  The people how do look, say, “Yeah, I have 4 more to look at and I’m in no hurry.”  After showing the property yesterday, the couple said, “We love it and think it’s adorable, but we have one little questions…  We cannot live without a dishwasher and noticed that this home does not have one.  Would you be willing to install one?”

I found the owner to be very amicable to the idea and said, “If it will get them in, I will do it!”  Kind of like, he just threw up his hands and said, “I’m tired of this game, let’s get it over with.” So I called the potential tenant back with the good news, ready to schedule an application date, etc., and they said, “Well, we have a few more we want to look at before we make a decision… but we do want to decide soon… we’ll let you know.”  I guess we came off too desperate?!?!  Par for the course.  It’s a brutal time to be getting top dollar on a rental here in Sacramento.

What has been your experience?

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030

Philosophy Meets Real Estate in Sacramento CA and Beyond

While this post has everything to do with, and is focused on the details of the real estate market, the economy, investing, buying and selling property, my little neighborhood in Curtis Park, Sacramento, sometimes I can get a little philosophical.  What is the meaning of life?  What is the purpose of my life?  How do the situations and the context which I find myself shape life?  Are there forces at work bigger than the indexes?  Is this depressed economy doing something in our culture and country that may actually be positive?

I mused the other day over the thought that storms and hard times in my life have been the things that has been pivotal or a “rescue” of sorts for my life.  Let me give you an example.

When I hit the ripe age of 31, I started having chronic back pain.  This was the same time as we had our first child.  I have painful memories of not being able to carry my newborn son very far in the Baby Bjorn (front carrier), due to back pain.  My wife just thought I was trying to get out of carrying the baby 🙂  I tried a lot of quick fixes like a hot pad, muscle relaxing creams, simple stretching, and more.  I continued to not be very active and I lost sleep due to the discomfort.  As a result, I made a determination that I had to seek physical therapy and strengthen my core muscles, or I may go through the rest of my life with a dull, (kind of) bearable back pain.  I could not deal with the idea that I would not be able to carry, let alone wrestle with my sons as they got older.  As a result, I buckled down, swallowed my pride and got help.  I now stretch daily, am aware of my posture, wear orthotics, work out 4-5 days a week (focusing on core muscles) and am in the best shape of my life.  Oh yeah, there are nightly wrestling matches with my boys, now 4 and 6 years old.  I can sleep soundly and walk/run long distances without pain.  This pain-in-the-back changed my life for the better.

Whether it be a health situation, a tragedy of some sort, or a financial crisis, the “storms” in life will reveal in us who we really are and what lies at the core of our being.  I wonder, is this housing storm revealing what our nation is really about?  While it’s tragic for many (including myself), is there something underneath it all that is good?  Is there a corrective measure that we need as a country that will be of great benefit in the long-run?

I read an article lately about “The return to frugality” – how saving money is back in vogue.  Trends show that people are staying home and finding inexpensive ways to be entertained.  Maybe couples are conversing more and experiencing greater intimacy?  Maybe families are doing things like going on bike rides together, or spending a day at the park with a picnic lunch?  Maybe people are reading more?  Maybe consumption is down (I know that is not helping our economy in the traditional ways)?  Maybe people are shopping more locally?  Maybe people are saving resources by not driving as much, or using as much power?  I’ve heard that micro farming is becoming a big thing for some families, or at least there is rise in growing your own produce.  Maybe neighbors are talking more and sharing ideas and bonding over a shared plight?   Maybe people are looking after their physical health more?  I notice the gym is packed on Fridays with “furlough Fridays” in effect for state workers,.

I got to thinking a little deeper…. Usually I try to escape storms and run away from them – this is the rational thing to do, right?  However, if I am constantly trying to escape the thing that could radically change my life for the better, maybe I should attempt to look at storms a bit differently?  Do I just continue to put “Icy Hot” on my dull back  pain, or am I going to embrace the trauma and enter into a larger, positive, more life-impacting shift?

Your deep thoughts?

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030

Retro Homes in Sacramento CA

It always amazes me to walk into a home that is like a time capsul.  Nothing has been change and everything is in pristine condition.

When did these go out of style?  I’ve never seen a manual ice crusher before.

Have we hit bottom in the Sacramento CA housing Market?

This is a question I get asked frequently and one that I hear attempting to be answered.  “Have we hit the bottom of the housing market?  At times I have fallen prey to the common thinking that says, “How much worse can it get?  The market has dropped ____%, how much more can it go down?”  Then the conclusion… “We must be at the bottom.”  Anyone with their head in the game has thought/asked this.

However, after just doing a little research you will find that there are key economic forces in play that have to change (unemployment for one) before “the bottom” is reached AND our economy comes out of the recession in which we find ourselves.  Forecasters have been calling the bottom for the last 2 years or longer.  So have we hit bottom yet?

For an excellent read on some of these economic factors, check out this article, The Orwellian Recovery.  The author succinctly states,  “I don’t see how housing prices can recover at the same time inventories, mortgage rates, and unemployment rise.”

A colleague an I were discussing this topic over coffee today… what’s going to happen when the government backs off the stimulus and interest rates rise?

It’s a complicated and highly opinionated topic, what are your thoughts?

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030

Can Anything Good Come Out of West Sacramento?

Yes!

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

Enjoy,

Keith Klassen – Real Estate Broker

916.669.9030