Sacramento real estate
The capital of California Sacramento is located in the Sacramento County California. It was founded in 1849 and is one of the oldest cities in California. It is also called as the River City and is just two hours away from some of the best attractions like skiing, boating, mountaineering, gambling and beach activities. The area of greater Sacramento is a great place to live. It is a good place, which is neither too crowded nor too expensive to afford living in. and working. It is located at less than two hours from some of the great beaches, San Francisco and Lake Tahoe. If you want to try your luck at gambling then you can have a two hours drive to Reno Nevada.
The real estate market in Sacramento is good and there are a lot of happenings going on in the market. the market seems to be in favor of the buyer and there is a lot of construction going on which has resulted in an increase in the inventory. If you are looking forward for a real estate investment in Sacramento then investing now is a good idea. Let us see the real estate market trends in Sacramento.
Sacramento real estate market
The interest rates are low and inventory is high. Now is the right time for investing in Sacramento real estate. The buyers are having a good time in the Sacramento real estate market and on the other hand it is becoming difficult for the sellers to market their houses.
The month of May 2007 saw the sale of 681 houses at a median price of $325,000. This has reduced by 4.25% as compared to May 2006 where the median price was $339,500. There were as many as 47,000 foreclosures filed in the first quarter of 2007. The market has stabilized and will remain so for the coming 3-4 months.
Overall it has been estimated that the year 2007 will be a good year for the Sacramento real estate market. The downtown locations are at high demand from the investors and the construction is steadily increasing in this area. There are plans to revitalize various areas of Sacramento including Downtown.
The sellers are finding it difficult to price their properties and maintain them according to the market. However, it is advised that being a seller you should price your property correctly and make sure that you maintain your house properly. Besides it is important for both buyers as well as sellers to take the help of real estate agents to strike any deal.
Hiring a real estate agent
Taking the help of a real estate agent in Sacramento is important because of the fact that the real estate agent would be aware of the area and the market condition and would be able to advise you correctly on when and where to invest.
It is the duty of the agent to assess your needs and work accordingly. Moreover it is your duty to inform the agent about your budget and the type of house that you are looking for so that the agent can work accordingly. It is also important to realize that the agent would be aware of the various paperwork and legal transactions that are required in a real estate deal and would work accordingly. This would reduce your cost of hiring a real estate lawyer.
Before you opt for any real estate deal it is important that you pre-qualify for a mortgage loan. This would give you a security and you would also know how much can you invest in your real estate deal.
If you are a resident of Sacramento then you be aware of the neighborhoods in the City and which would be the best for you. If you are relocating to Sacramento then you should ask the real estate agents about the different areas. You should make sure that you confirm the facilities that are available in the area. The real estate agent would tell you the advantages and disadvantages of investing in each of the neighborhoods and which would be the best according to your needs.
Sacramento real estate agents
There are a number of real estate agents that are functioning in Sacramento. Some of these real estate agents are mentioned below.
L Street Lofts:
They specialize in Downtown Sacramento lofts and Midtown Sacramento lofts. They deal with luxury real estate in Sacramento and dealing with both buying and selling. They have helped a number of people with their real estate deals. You can contact them at Sales Studio 1221 19th Street (between L Street and Capitol), Sacramento, CA 95814; phone: (916) 446-LOFT.
Loft Works:
They specialize in dealing with buying, selling and renting of real estate. They have helped a number of clients in closing their real estate deals and getting a good deal. You can contact them at 1928 J Street, Sacramento, CA 95814; phone number: 916.446.2900.
Gayle Becker: She is a full time real estate agent representing both buyers and sellers to find a good deal in the established neighborhoods of Sacramento. She listens to the needs of her clients and works accordingly. You can contact her at Sacramento-Metro; 730 Alhambra Blvd, Ste 150; Sacramento, CA 95816; Office: 916.447.5900; cell: 916.201.7662; fax: 916.447.3611; e-mail: gayle.becker@camoves.com.
Highlander Real Estate Group, Inc:
They are an established real estate firm that helps their clients in getting the best real estate deals. They have years of experience in dealing with real estate and have helped a number of clients in getting a good deal. You can contact them at Office: 916-485-6992; Toll Free: 888-408-8088; fax: 916-485-5571; 3400 Cottage Way, 3d Floor; Sacramento, CA 95825.
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