Tag Archives: Realtor

Consolodated Furnace with Nox Rods

I learn something new everyday.  Last week one of my clients had a home inspected on which they made an offer.  Everything seemed to be going smoothly… then he dropped this bomb on us. ” The heater is a consolidated type with NOx RODS.” The rest of us looked at each other blankly.  “This type of furnace has been recalled because it is know to combust and burned people homes down” – just what the client wants to hear!  From a sales point of view, this could be a deal- killer.  From a safety standpoint, this could save people’s lives.

Do an internet search on Nox Rods and you will be amazed at the long list of warnings.  For us, I was able to negotiate with the seller to hire an HVAC specialist to give this unit a “good bill of health” and their stamp of approval, since not all Nox Rod furnaces are created equal.  If not safe, they said that they would replace it.  Also it re-enforces the premise, just because homes are sold “as-is” and the seller states up front that they will do no repairs… “health and safety” always trumps that rigmarole.

Enjoy,

Keith Klassen

Real Estate Broker

Short Sales – Taking it Personal

I have landed in a place where I am selling a few of the properties I own, in a short sale position.  It seems like a year ago there would have been ridicule and maybe a little pity for those poor folks who find themselves in this situation.  I struggled to come to grips with this reality and felt some remorse.  Now we all know someone who is facing foreclosure, being “upside-down,” late on their mortgage payments, or trying to short sell their home.

Short sales may currently comprise up to 75% of the market right now.  All arrows are pointing to 2010 to be the year of short sales.  Supposedly banks are getting government incentives and getting a clue in general.  Oppose to letting these homes foreclose, a short sale is now the most workable route for both the owners and banks.  Personally I’ve had successes with short sale at the end of last year and one already this year, which has changed my demeanor toward them.  Now I trudge through the grueling process of pushing my own properties through.

I met with an agent and his buyer at my 4-plex that is up for short sale yesterday.  After handing me the offer we discussed the short sale process.  The other agent commented, “They should be called long sales, not short sales!”  For the most part, very true.  I just closed one that took the bank 4 months to approve.  While another one that I listed got approval in 1 week!  I still stand in unbelief.  I just contacted an agent representing a short sale property, where they had a buyer waiting for ….. 15 months!!!! before they said, “Uh, this is ridiculous!  We’re outta here! [my conjecture]”

I hold my breath and wait to see how my own experience will transpire.

Enjoy,

Keith Klassen

Real Estate Broker

Cheap Foreclosures in Sacramento

I do business with a colleague that employs “sign shakers” – at least that’s what I call them.  You know the guys who dance on the corners twirling signs, spinning and shaking to whatever they are listing to on their iPod.  There is a guy in Sacramento that dresses up like Spiderman.  I saw a Mr. Pickles dancer the other day – that kind of freaked me out.  My friend’s sign says “Cheap Foreclosures” – that’s it.  In Sacramento, a cheap foreclosure might start at $40,000 (yes, this type of home is a dump in need of much work).

Check out this video about a sign shaker.  I kept thinking it was a Saturday night live video spoof, but it is legit.  Sign Shaker Video.  I love the quote, …what are you feeding that boy?

Enjoy,

Keith Klassen

Real Estate Broker

Cheap Foreclosures Around the World

I came across an interesting article on AP news regarding an entire town in Latvia being sold at auction for $3.1.  Check it out here

Home Inspection Musings

I make it a practice to attend the home inspection walk-through with my clients – I think this is pretty common.  I want to hear what’s going on and be able to address concerns that are brought up as a result of the inspector’s findings.  Many times this can be a tedious experience… I’ve heard the same spiel from the home inspector 100’s of times now and Mike Phillips (one of the main guys I use) does a great job.  But, following the inspector around for an hour and seeing where the water shut off value is, and hear that it’s typical to smell gas at the meter, and how gutter is Sacramento get leaves in them, and how no one installs their anti-tip bracket on the stove, and…..  Sometimes I have to amuse myself by taking pictures of things that strike me as odd or funny in the “glaze” of the moment.

Here’s the latest…

What’s wrong with this picture?

Did you figure it out?

Enjoy,

Keith Klassen

Real Estate Broker

Trust Agents in Sacramento Real Estate

Today was our first round table meeting to discuss the book, Trust Agents

We have a small group of 5 appraisers (2 out-of-state joining us through Skype) and 2 real estate sales people (like myself), all hungry to learn and develop a new energy around our online presence.

So far so good.

Big thanks to Ryan Lundquist (appraiser) for coordinating this!

Enjoy,

Keith Klassen

Real Estate Broker

The Value of Neighbors – Curtis Park, Sacramento and Beyond

It is so important what neighborhood you live in, whether it be mediteranian doorfor 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.  Picture1I’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!

The Front Porch – Curtis Park, Sacramento and Beyond

[This was an article I wrote for a monthly newsletter I used to produce for my neighborhood (Curtis Park) each month.  A friend of mine inspired me with his writings “The Relevance of the Front Porch for a Community” to re-post my article.

[this is from “The Front Porch” March 2006]IMG_4380

Some of you have asked me about the significance of the news letter’s name.  The name, for me, evokes a feeling and concept that many of our homes already have built in – namely the front porch.  The front porch can be the equivalent of an outdoor sitting room, a place for discussion and relaxation.  As I walk the streets of our neighborhood I see people cooking/barbequing, reading, children playing, writing and even business being done (with the advent of wireless technology) on the front porch.  You might catch some just sitting, gazing at the street or in the trees, entertained by a bird or squirrel.  The front porch welcomes the passer-by, and invites conversation between neighbors.

IMG_4382The word “porch” originally derived from “the Latin word porticus, or the Greek word portico, both of which signify the columned entry to a Classical temple”(Kahn 1).  As history unfolded and the Middle Ages arrived, the porch came to represent a cathedral’s vestibule, “where worshippers could gather to socialize before and after the service”(Kahn 2).  By Victorian times, the word “porch” became interchangeably used with the words “veranda,” “piazza,” “loggia,” and “portico,” each of which could connote individual meanings.  From this period until the second half of the nineteenth century, “the word ‘porch’ itself most often described a small, enclosed vestibule or covered rear entrance” (Kahn 1).  At this time, at the end of the nineteenth century, the word “porch” began to represent its present meaning. This meaning, in its American sense, generally refers to a “roofed, but incompletely walled living area”(McAlester 52) contiguously attached to the frame of a house. Generally, in America, this area would be found attached to the front of a house, offering a covered and shaded area for an array of uses and would be known as the American front porch.

Between the rise of the front porch in the middle nineteenth century and its decline in the post World War II era, the front porch developed a cultural significance. It represented the cultural ideals of family, community, and nature.IMG_4381

The new technological development of air conditioning further aided in the decline of the front porch. Providing a cool environment indoors, the front porch was no longer needed as a cool shaded area during the day or as a place to enjoy the cool night air. Families remained indoors comfortably, and a primary use of the front porch was no longer needed. Air conditioning, in a sense, also contributed to another technological development which would affect the front porch: the television. The television, which could exist only inside, provided endless hours of entertainment indoors. As a result, family life shifted from the porch to a family room or TV room, where families could watch the evening news, sporting events, or the early sitcoms, all while enjoying the newly invented “TV dinner.” No longer would families relax outside on the front porch.

Some of our friends, who live in the “burbs,” lament, “Our neighbors just open their garage, pull in, and you never see them – Or, “Everyone hides out in their backyard.”  And, “We still don’t know many people on our street, after all these years.”  Notice what might be missing from these homes… the front porch or at least the “front porch attitude.”  Granted, this home feature will never guarantee a gregarious disposition in life or an abundance of neighbors who are open and friendly, however it does give us a head start.  Why do you think the street side café or coffee shop with outdoor seating will always be a hit?  It’s for the same reason why front porches exist.  Is yours lying dormant?  You may not be the one who throws a block party or is best friends with everyone on your street, yet you may try dusting off those beautiful Adirondack chairs (or whatever furniture you have – pull out a folding chair, it doesn’t matter) and become a part of the front porch culture.

A while back, I received an email from a friend in the community saying, “I came by to visit today, but you were not home.  Hope you don’t mind, but we just sat on your front porch for a while and enjoyed the neighborhood.  We may be back soon, even if you are not home. J  Thanks! “

While my day job consist of real estate investing, property management, and real estate consultation, I hope to also be one who helps draws the community together.  So whether you have one or not, you can still enjoy the ethos and attitude of the front porch.

See you soon, walking by or enjoying a beverage … on the front porch.

McAlester, Virginia and Lee. A Field Guide to American Houses New York: Alfred A. Knopf, 1996.

How walkable is Sacramento? Handy tool when buying Real Estate

There is a lot of talk around this issue of walkability, especially in Sacramento’s urban areas.  A friend of mine said to me the other day, “If I were to move, one of my criteria is that I have to be in walking distance to a bakery,” as donuts were the topic of our provocative conversation.  I am fortunate, there are several bakeries in walking distance from me (Freeport Bakery and Marie’s Donuts just to name a few).

You probably already know the answer to this question, but check out this website to walkscore.com and see where your neighborhood ranks.

For kicks I typed in my address (thinking our neighborhood is very walkable) and came up with a score of 69 out of 100 = “somewhat wakable.”  So I then typed in a  friend’s address who lives in Natomas… as imagined 43 out of 100 = “car-dependent.”  Our old home in Boulevard Park/Midtown gets 86 out of 100 = “very walkable.”

A fun and interesting website, especially in light of our changing cultural values when it comes to how we view our planet.  And, as fuel prices increase, cities become more dense, and as people realize their longing for community, this “walkability measure” will be even a larger factor when buying a home.

Short Sale Tips in Sacramento Real Estate

http://www.sacbee.com/realestatenews/story/1933693.html?mi_rss=Real%2520Estate