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About Me
My real estate career started in a very unusual way. In fact, I never wanted to have a career in real estate at all. I have always had a desire to continually learn, and after college I knew that I could learn on my terms. I no longer had to follow a catalog and "course requirements." I was always curious about real estate so I took up my new hobby and education the good 'ol fashion way; With a 50 cent library card.
After countless books on investing, finance, buying, selling, foreclosures, and everything else in section 332 of McKinley Park Library, I realized that this was something that I had a true passion for. Soon after, as fate would have it, I met a wonderful couple in the real estate industry that would take me under their wings. And the rest, as they say, is history.
Now I suppose this is where many agents list all their accomplishments, awards, and try to convince you that they are the best so you use their business.
As for me, I have a different business model for growing and maintaining my business:
"Care about people... and people will care about you."
This means being honest, open, forthcoming and always having your clients best interests in hand. When someone I have helped refers me to a friend or family member, it reassures me that my business is on track.
If you feel my expertise in real estate and my business model will meet your needs, I welcome your call or email.
Sincerely,
Alex Amaro
916-996-3187
Areas of service: Sacramento area real estate, Sacramento homes, including West Sacramento, Elk Grove, Folsom, Rancho Cordova, Citrus Heights, Orangevale, Fair Oaks, Antelope, North Highlands, Roseville, Rocklin, Granite Bay. Alex is a subscriber to the Sacramento MLS to help you search Sacramento homes.
After countless books on investing, finance, buying, selling, foreclosures, and everything else in section 332 of McKinley Park Library, I realized that this was something that I had a true passion for. Soon after, as fate would have it, I met a wonderful couple in the real estate industry that would take me under their wings. And the rest, as they say, is history.
Now I suppose this is where many agents list all their accomplishments, awards, and try to convince you that they are the best so you use their business.
As for me, I have a different business model for growing and maintaining my business:
"Care about people... and people will care about you."
This means being honest, open, forthcoming and always having your clients best interests in hand. When someone I have helped refers me to a friend or family member, it reassures me that my business is on track.
If you feel my expertise in real estate and my business model will meet your needs, I welcome your call or email.
Sincerely,
Alex Amaro
916-996-3187
Areas of service: Sacramento area real estate, Sacramento homes, including West Sacramento, Elk Grove, Folsom, Rancho Cordova, Citrus Heights, Orangevale, Fair Oaks, Antelope, North Highlands, Roseville, Rocklin, Granite Bay. Alex is a subscriber to the Sacramento MLS to help you search Sacramento homes.
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Alex Amaro's Answers (43)
Alex Amaro answered:
"Sight Unseen"??? Really? Wow.
Ok, well my only advice is that you set up a specific search to get only the listings you are interested (with the RV pad or 3rd garage). You can do this online although as a buyers agent this is the first thing I do with all my clients. If your agent did not do this for you, then you can ask. (Or consider a new agent)
Right now there is a lot of competition for that exact price range you're looking in of 200-250k. Your personal search will let you know the FIRST day everything goes on the market.
Also, if you're ready to buy now, make sure your agent has a copy of your preapproval and make sure he has a contract in hand. If you go and see a home and you like it, then write the contract there on the spot.
It's like the saying goes, "The early bird gets the worm."
Good luck in you rendevour M. Hawkins!
Best Regards,
Alex Amaro
http://www.alexamaro.com
Ok, well my only advice is that you set up a specific search to get only the listings you are interested (with the RV pad or 3rd garage). You can do this online although as a buyers agent this is the first thing I do with all my clients. If your agent did not do this for you, then you can ask. (Or consider a new agent)
Right now there is a lot of competition for that exact price range you're looking in of 200-250k. Your personal search will let you know the FIRST day everything goes on the market.
Also, if you're ready to buy now, make sure your agent has a copy of your preapproval and make sure he has a contract in hand. If you go and see a home and you like it, then write the contract there on the spot.
It's like the saying goes, "The early bird gets the worm."
Good luck in you rendevour M. Hawkins!
Best Regards,
Alex Amaro
http://www.alexamaro.com
Alex Amaro answered:
Good Afternoon Roshan,
Your second follow up question helped a bit more but I am 100% on board with Sue... There are many things to look at when buying an investment property. I just spent 2 weeks narrowing down properties for investors from the L.A. area. I have to run numbers after numbers to make sure everything fits. It's not so easy if you want to do it right. I will try a little to help though since, as you put it, "It is a broad question."
Elk Grove has Apple and many job oppurtunities with newer homes and the Elk Grove school district has always been good. There are also the downsides such as the number of distressed properties in the area. So what will happen to your value?
Again, Sue and I are on the same page by suggesting that there are too many choices and the best way to get pointed in the right direction is to sit down with a good real estate investment advisor. When it comes to buying an investment you have to look at vacancy rates, lease rates in the area, resale value, reserves, maintenence, property managment, etc.
Don't let this at all be discouraging. I am simply trying to help. I wouldn't want you to be in a bad situation in a few years that could have been avoided with a little more planning.
Good luck in your endevour Roshan. Done right, your investments should reap great rewards down the road.
Best wishes,
Alex Amaro
http://www.alexamaro.com
Your second follow up question helped a bit more but I am 100% on board with Sue... There are many things to look at when buying an investment property. I just spent 2 weeks narrowing down properties for investors from the L.A. area. I have to run numbers after numbers to make sure everything fits. It's not so easy if you want to do it right. I will try a little to help though since, as you put it, "It is a broad question."
Elk Grove has Apple and many job oppurtunities with newer homes and the Elk Grove school district has always been good. There are also the downsides such as the number of distressed properties in the area. So what will happen to your value?
Again, Sue and I are on the same page by suggesting that there are too many choices and the best way to get pointed in the right direction is to sit down with a good real estate investment advisor. When it comes to buying an investment you have to look at vacancy rates, lease rates in the area, resale value, reserves, maintenence, property managment, etc.
Don't let this at all be discouraging. I am simply trying to help. I wouldn't want you to be in a bad situation in a few years that could have been avoided with a little more planning.
Good luck in your endevour Roshan. Done right, your investments should reap great rewards down the road.
Best wishes,
Alex Amaro
http://www.alexamaro.com
Alex Amaro answered:
Good Evening M Christo,
This is a great question, and one I will try my best to answer.
Ultimately a seller cares about their bottom line. Which offer will net them the most for their home. As you put it, "they get their money in the end."
Keep this in mind though: With the mortgage meltdown, sellers know that the actual likelihood of their home falling out of escrow with a buyer that has a larger down payment is much lower. Also, if by chance the appraisal came in higher than the sale price, the buyer would be able to cover the difference with the large amount of cash they have available. Next, keep in mind that the listing agent also has an impact on this decision. Many agents believe that a larger down payment is a more "serious" or "stronger" buyer when in fact, from experience, if a buyer has been qualified by an experienced loan officer, there should be no problems with putting little down payment.
I also believe perception plays a big role in this. During the boom when anyone could get a home loan, agents didn't worry so much. Now, agents are much more skeptical of lenders and thus more likely to scrutinize the loan and its impact on the home sale.
I hope some of those reasons were able to help.
Good luck on your home purchase.
Best Regards,
Alex Amaro
http://www.alexamaro.com
This is a great question, and one I will try my best to answer.
Ultimately a seller cares about their bottom line. Which offer will net them the most for their home. As you put it, "they get their money in the end."
Keep this in mind though: With the mortgage meltdown, sellers know that the actual likelihood of their home falling out of escrow with a buyer that has a larger down payment is much lower. Also, if by chance the appraisal came in higher than the sale price, the buyer would be able to cover the difference with the large amount of cash they have available. Next, keep in mind that the listing agent also has an impact on this decision. Many agents believe that a larger down payment is a more "serious" or "stronger" buyer when in fact, from experience, if a buyer has been qualified by an experienced loan officer, there should be no problems with putting little down payment.
I also believe perception plays a big role in this. During the boom when anyone could get a home loan, agents didn't worry so much. Now, agents are much more skeptical of lenders and thus more likely to scrutinize the loan and its impact on the home sale.
I hope some of those reasons were able to help.
Good luck on your home purchase.
Best Regards,
Alex Amaro
http://www.alexamaro.com
Alex Amaro answered:
Good Afternoon Mr. Dhillon,
There are many oppurtunities here in the Sacramento area. Not knowing where you will be working (commute) or what your monthly living allowance is hard to point you in the right direction. There are many nice areas here in the Sacramento area.
Can you give more feedback or contact me directly?
I relocated to the Sacramento area myself over 10 years ago so I know what it's like. In the past 10 years I have really learned the in and outs of the city. I definately have some favorites that I'd love to share with you.
Please feel free to contact me directly. I have knowledge of the options you are looking into.
Have a great day.
Sincerely,
Alex Amaro
There are many oppurtunities here in the Sacramento area. Not knowing where you will be working (commute) or what your monthly living allowance is hard to point you in the right direction. There are many nice areas here in the Sacramento area.
Can you give more feedback or contact me directly?
I relocated to the Sacramento area myself over 10 years ago so I know what it's like. In the past 10 years I have really learned the in and outs of the city. I definately have some favorites that I'd love to share with you.
Please feel free to contact me directly. I have knowledge of the options you are looking into.
Have a great day.
Sincerely,
Alex Amaro
Alex Amaro answered:
Good Evening Mie,
If you're a first time home buyer I'm guessing that you will be using an FHA loan to help get you into the home. We normally write FHA loans for a 45 day escrow. So taking that into consideration, if you went into contract tomorrow, you'd be closing around the 7th of July. Working backwards from those numbers (to close by the end of August) you would have to be in contract in the next 4-6 weeks. That said: Now is the time to start looking for a home. 4 to 6 weeks is not a long time to look for homes in the grande scheme of things.
I would start by interviewing agents. Make sure that you are compatable and you have the same work philosophies. And don't forget that real estate agents are in the SERVICE INDUSTRY. We need to be able to meet YOUR needs.
For your second question: An experienced full time agent has probably worked with experienced buyers and first time buyers. As I previously said, find an agent with experience that can share your ethics and meet your needs as a buyer. That is the most important part.
Good luck Mie!
This is an exciting time for you.
Please feel free to contact me about home in Elk Grove or with any other questions you may have.
Sincerely,
Alex Amaro
If you're a first time home buyer I'm guessing that you will be using an FHA loan to help get you into the home. We normally write FHA loans for a 45 day escrow. So taking that into consideration, if you went into contract tomorrow, you'd be closing around the 7th of July. Working backwards from those numbers (to close by the end of August) you would have to be in contract in the next 4-6 weeks. That said: Now is the time to start looking for a home. 4 to 6 weeks is not a long time to look for homes in the grande scheme of things.
I would start by interviewing agents. Make sure that you are compatable and you have the same work philosophies. And don't forget that real estate agents are in the SERVICE INDUSTRY. We need to be able to meet YOUR needs.
For your second question: An experienced full time agent has probably worked with experienced buyers and first time buyers. As I previously said, find an agent with experience that can share your ethics and meet your needs as a buyer. That is the most important part.
Good luck Mie!
This is an exciting time for you.
Please feel free to contact me about home in Elk Grove or with any other questions you may have.
Sincerely,
Alex Amaro
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