Dora Shu, Home Buyer in Lawrence, KS

Please tell me some information for this community. Any newer houses on sale nearby this community?

Asked by Dora Shu, Lawrence, KS Wed May 6, 2009

I am looking for purchasing house for investment purpose. Please give me some ideas. Thanks.

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Being from Kansas, I would expect you might not have a good understanding of the Sacramento market.

We have seen a significant drop in prices specifically in areas that had the largest growth areas in the 2005-2007 timeframe. These were a lot of newer neighborhoods with many focused in developments of Rancho Cordova, Elk Grove, Roseville and some small pockets of homes. But just because they were where the prices dropped the most, they may not be the best choices for the investment market.

It really depends on your investment strategy. Some want to purchase in non-owner occupied areas, where there is a large rental population. Others might prefer to buy in established owner occupied neighborhoods. Some have preferences on 'no pool', or size of home, lot size, etc.

I think that to give you more information, it might be worthwhile to discuss with you your investment objectives so that we could recommend the areas most fitting those.
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0 votes Thank Flag Link Wed May 6, 2009
Hi Dora Shu: Your question about newer homes in Citrus Heights can be answered this way. Citrus Heights is a very established community and is on the older side, with the exception of a very few infill new construction. There are other areas in and around Sacramento with a predominance of new construction. I would love to discuss this with you, but I don't think this on-line forum is the best of ways to go about this.

My advice to you is to interview a few agents who have successfully worked with investors and choose the one that you feel the best about. I think people put too little creed into their "gut feeling" about people.

Check out my website for current market information just posted this morning for information to educate yourself about the Sacramento market.

Have fun.

Erin Phillips
Keller William Realty
KW RandD Investors
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0 votes Thank Flag Link Wed May 6, 2009
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