I had a local Realtor interview me today on video about the real estate market in Sacramento, HVCC, tax appeals, and a ton of other stuff. His video will go live next week, and I’m excited for that. That’s not really the point of this post though. I mention this because on my drive home from my video conversation, I found myself thinking about market value, low appraisals and an essay written by Patrick Egger (HERE – pdf). Here is an off-the-cuff unscripted podcast (as you’ll notice I mix up 282 and 283):
Resources
Want to Join the Project 680 Bike Ride?
I’m very excited to announce Project 680’s upcoming “Biking for Socks” event on May 8, 2010. We are doing a community bike ride in order to accomplish three things: 1) Bring awareness to the problem of student homelessness in the FCUSD; 2) Collect socks for homeless kids in the FCUSD; and 3) Gather up a few bucks to be able to give to the District Liaison for Homeless Services so she can meet the needs of students on an “as needed” basis – meaning that when the neediest of students come to her, she can simply take care of some of the things they need – whether clothing, deodarant, shoes, study materials, etc….
Please have a look at the video below and let me know if you have any questions, ideas, or a desire to get involved in any way. Click HERE if you don’t see the video in your RSS or email subscription. Also, you can sign up for the event on Facebook HERE.
Is your Condominium Approved by FHA/HUD?
I hit the jackpot yesterday when talking with a local realtor, and it ended up being a “two birds with one stone” situation. Here’s what happened.
Earlier in the day I emailed a Facebook Realtor friend and asked her if she ever sold a condo in a particular subdivision in the city of Folsom. There are ZERO recent condo sales in this subdivision in Empire Ranch, so I want to get as much firsthand information as possible. Well, my friend gave me a chunk of insight, but it turned out that she needed some help because she was having financing issues with one of her deals in the “Rivage” condo subdivision in Folsom.
Anyway, through the course of contacting listing agents for research for my appraisal, I talked with Realtor Ann Boswell of Insight Real Estate. I had never spoken with Ann before, but she ended up being a wealth of information for not only the subject subdivision, but for “Rivage” up the street. Ann spent a good 10-15 minutes on the phone with me (I love when Realtors take time like that. It’s good on so many levels).
It turns out that since Rivage has not yet completed construction, some of the buildings are FHA approved and others are not. That could be an issue, don’t you think? It’s funny to think that despite these buildings being next door to each other in the same new development, some of them don’t make the cut (yet) to be guaranteed by HUD. More specifically, per HUD’s website, only buildings 1 and 13-26 are currently approved by HUD/FHA.
Two birds with one stone? One, I got insight into the subject subdivision. And Two, thanks to Ann Boswell I was able to resource my Facebook friend with information on Rivage and why her deal was maybe having some issues. But most of all, I was able to give my Facebook friend the name of someone at Wells Fargo who could help her get her condo on the HUD approved list.
You can search HERE to see the HUD/FHA approved condominium list.
The New “Tube” in Sacramento for Real Estate
I’m very excited to announce the creation of a brand new real estate video website for the Greater Sacramento Region. I still have some things to tweak about the design and content, but overall the shell is ready to share with the world. Please have a look at www.SacramentoRealEstateTube.com and let me know what you think.
Sacramento Real Estate Tube is a place for consumers and agents to hear about the real estate market directly from local real estate professionals – by video. The goal is to have some conversation and provide videos that are resourceful, informative, and hopefully void of any used-car salesman vibe.
I only have about 15 videos up right now, and I hope to see that double in the next week. If you know someone in the Greater Sacramento Region who works in the real estate industry somehow, feel free to spread the word. This is a free service. There is no cost at all to post your videos.