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Property Q&A in Placerville : Real Estate Advice

  • All66
  • Local Info6
  • Home Buying22
  • Home Selling2
  • Market Conditions6

Activity 20
Wed Nov 9, 2016
Justin C. Lowenthal asked:
I need to edit the post for Eden Vale Inn, the price has increased from 2,298 to 2,498. Having a hard time figuring it out.

Please advise.

Thank you,
(Justin Lowenthal's…
0 votes 0 Answers Share Flag
Mon Nov 30, 2015
Dan answered:
Is 4037 Clear Court, Placerville, CA, 95667, within the City of Placerville Limits?
0 votes 2 answers Share Flag
Sun Apr 6, 2014
Trevolyn Haines answered:
Listen to Jim but also trust your gut.

Landlords are a pretty smart bunch and their rentals are a business and unless they have a personal relationship with you, they are going to rent their property at market value.

This particular home is worth over $500k & it could easily rent for $2500.
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Mon Nov 25, 2013
Margaret Holland answered:
So many of the small businesses have closed down. A lot of people commute to Sacramento or Folsom for work. There are county offices and marshall hospital as well as the retail that places that Chris mentioned. ... more
0 votes 2 answers Share Flag
Mon Sep 2, 2013
Scott Goold answered:
Scott Goold, Agent, Placerville, CA

MLS # is the number given to a listing by the Multiple Listing Service. Every time an agent puts a listing on the market through MLS it is given a number for identification. This is the main reference for the Real Estate Community and for buyers in large. ... more
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Fri Aug 2, 2013
grandmapopcorn2000 asked:
This question was asked from this property:
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Sat May 4, 2013
Margaret Holland answered:
I don't think we're allowed to answer that. Is there something you need or want to tell the new owner?
0 votes 1 answer Share Flag
Sun Mar 24, 2013
kathyhl asked:
This question was asked from this property:…
0 votes 0 Answers Share Flag
Sat Jan 26, 2013
Margaret Holland answered:
The property is .78 acre per the mls. If you have any other questions feel free to let me know. Happy hunting.
0 votes 1 answer Share Flag
Sat Jan 26, 2013
Mike Martin asked:
Tue Aug 21, 2012
Jim Walker answered:
Yourri - You gave the wrong address. The home that is listed for sale is 2480 Jim Valley Road.

2480 Jim Valley is listed for sale at $295,000. You can access details here:

If you need more information than this link gives you, feel free to call or email me, (click on my picture ) or one of the other real estate agents

The link that you gave was for 2850 - which is not for sale according to MLS, Trulia, Ziillow, etc. .
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0 votes 2 answers Share Flag
Tue May 1, 2012
Jim Walker answered:
I just sold a five acre piece in May 2012 in Camino, near Placerville. My market analysis indicated that a raw piece of land such as what you described would cost $30,000 to $50,000 , or more, near Placerville. - Off the grid, dirt road access, with no water or electricity available. That is $6,000 to $10,000 per acre.

My other land sale this month was 65 acres near Susanville, at $1,500+/- per acre, still more than your price range. To get down to the price range of $5,000 for a five acre lot, I suggest searching for extremely remote land up there in Lassen County, Trinity County, Modoc, Siskiyou, and Shasta counties.

With such a tiny budget, I might look into buying a campground membership, rather than owning land outright. That would give you a campsite with services, but lacks seclusion.
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Thu Mar 15, 2012
Margaret Holland answered:
Tax records indicate a change of ownership to an investment company for a nominal amount of 1000.00. Thats where the 1000.00 transfer value comes from. It does not mean anything. It is definitely not an accurate value for the property. Hope this helps. ... more
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Mon Mar 12, 2012
Jim Walker answered:
Joan, The house at 3778 Stope Dr, Placerville is shown on Trulia as "off-market". Why are you asking about a house that is not listed for sale. Is there a sign out front of the house?

It last sold in August 2010 for $185,000 ($10,100 more than it had been listed for). There is no evidence that the current owner is having any distress.

Perhaps you found a REALLY old stale listing somewhere on the internet, that listing should have been taken down 20 months ago.

Many consumers don't pay attention to the real estate lingo until they are shopping for it. Six years ago, there were some agents that did not know what a short sale was. Today there are thousands of good explanations of what a short sale is: Elizabeth Weintraub, a Trulia MVP, gave this fine explanation:
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Mon Mar 12, 2012
Jim Walker answered:
Realty Trac and sites like Realty Trac work very hard to promote the myth and mystery that there are thousands of "off-market" properties that can be purchased outside of the traditional real estate sales route. There is just enough truth in the myth to make it profitable to real estate websites that earn their income through advertising, subscriptions, additional product or a combination of all revenue sources.

Yes there are thousands, say tens of millions, of "off-market" properties. The definition of "off-market", of course, is that no one is actively trying to sell on behalf of the owner. - neither an agent, or the owner themselves.

Subsets of the off-market inventory include: 1: Solvent owner occupants with no intention of selling their primary home in the near future. 2. Solvent investors that are earning a positive cash flow on their rental properties 3. Distressed owners, that don't want to sell, so are not listed, but may eventually have to, or be foreclosed on 4. Owners that will be putting their homes on the market later in the year, but are not ready yet. 5. REO properties that the financial institution will release to the market sometime in the future, but they have not done so yet, waiting for higher market values. 6. Properties that are to be sold at a trustees sale auction, with only a trustee's deed for title, requiring all cash immediately on sale. with no inspection or loan contingency.

Contrarions among the real estate consuming public deduce that if the seller is not making a concerted effort to sell, then that property will have less competition from other buyers, therefore make it ripe for a successful lowball offer. This is the selling proposition for sites such as Foreclosure Radar and Realty Trac.

I contraire to those contrarions: only a tiny percentage of subsets 3, 4 and 5 will result in a transaction price below market price while off market. Distressed sales almost always involve the participation of a professional real estate person, representing seller, buyer or both. The two biggest reasons why subsets 3, 4 & 5. are not actively on the market is A>) They don't want to sell at market value (they certainly don't want to sell BELOW market value) or B.) They simply do not want to sell at this time. period.

Consumers scouring the internet for off market properties assume that there is a legion of property owners (especially financial institutions ) that want to sell homes for less than they are worth, and 1) can't find an agent to list their home. or 2) because they have aligned their interest with the lowball buyers, and prefer to sell at the lowest possible price!

I think these off-market owners take the opposite view of the consumer contrarions that the highest price will be realized by NOT exposing their property to the general market (at this time), but think they will get a higher price by waiting until a later time to list.

The exceptions in subsets 3,4, & 5? Some professional real estate investors make a living finding these haystack needles, They may sort through hundreds of "off-market" properties to find one to negotiate on.

On the other hand, there are also millions of "on-market" properties. Someone is actively trying to sell for market price. In some cases, the urgency of getting into contract and completing a sale may induce a seller to provide a reasonable discount to a ready buyer who is able to close quickly.

I don't want to take away the thrill of the hunt for the contrarion consumer who wants a one in a thousand bargain deal, to find it must sort through 999 market value and slightly below market value buying opportunities. Happy hunting!
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0 votes 4 answers Share Flag
Sat Feb 26, 2011
Andrew Martinez answered:

This property is owned by Fannie Mae not corporate owned. The loan servicer for Fannie Mae, typically a bank foreclosed on this property and the property went back to Fannie Mae. Fannie Mae sells the property by using local agents in the area. This property happens to be listed by Warren Adams Security Pacific which I have done several Homepath loans on their listings. The good news is if you want to buy this property there is a special loan program called Homepath Mortgage that allows you to buy it with putting only 3% down and there won't be any mortgage insurance or an appraisal required. Fannie Mae will also pay up to 6% for closing costs and 2% if the property is going to be purchased as an investment.
Email me if you would like more information about Homepath Mortgage!

Andrew Martinez
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Thu Sep 30, 2010
Doug Zeller answered:
Yes, thats easy to do if you just want Coloma court, but are you looking for the types of homes on that street? do you like the age of them? Knowing what price range and style of home you like will helps us keep an eye on the MLS and we can ask other realtors about any homes that might be coming up on the market soon. just let me know. Take care ... more
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Thu Aug 13, 2009
Jeni Walker answered:
If you want to offer on a property, you should sit down with your agent to determine a fair price by going over comparable properties. In the long run, if you want to offer less, then it is your choice to do so. Factors to consider will include location as well as features ( or the lack ). Regarding this particular property, two things I notice: it may be a manufactured home? and the write up indicates that there is "no need to preview." I would suggest that a buyer always try to preview a home if possible.
Good luck!
... more
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Mon Aug 3, 2009
Judie Mcdowell asked:
This question is about this property:
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