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Home Buying in 95661 : Real Estate Advice

  • All14
  • Local Info0
  • Home Buying7
  • Home Selling2
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Activity 6
Fri Dec 4, 2015
Derek Jones answered:
Unfortunately Trulia/Zillow aren't connected with our MLS so there is always the chance of incorrect data. If you want accurate data try a site that syncs with our MLS.
0 votes 1 answer Share Flag
Tue Mar 25, 2014
Nicolas Romo answered:
John, personally, I don't mind answering an "outdated" question, unless it is against Trulia policy, of course.
0 votes 22 answers Share Flag
Sun Jul 14, 2013
Jim Walker answered:
Did Gina find a home back in 2009? or 2010 or 2011 when it finally started to heat up again? Prices are back up to the levels of 2003 or 2007. Will they go all the way up to where they were in the peak bubble year of 2005?

When will that happen? and why?
... more
0 votes 7 answers Share Flag
Sun Jul 14, 2013
Jim Walker answered:
Hi Denise,

On border of Granite Bay and Roseville 95661 there is a brand new home of 3680 Square feet listed at $985,767. Including the 20,000 square foot lot. A bargain at $267 per square foot.
If the value of the half acre lot was $200,000 and the builders gross profit is $100,000, I would estimate it probably cost them about $685K to build.
So if a production builder can build for about $185 per square foot, it stands to reason that your custom builder should be able to build custom home to your specifications for about the same or a little more, and of course add his profit margin to that.
3,000 square feet at $185 per foot. = $550,000
Add to that your builders profit margin. + the cost of the lot. + any extra cost features you may want such as
swimming pool, elevator, five car garage, workshop, barn.

By the time you add in your cost of an average lot your budget is in the neighborhood of $300 to $275 per foot suggested by Ron Thomas, Eddie Martini and Zac Bacon.

I would fall over in my chair if you could have a nice house permitted, built on a 95661 lot, and landscaped, for less than $267 per square foot

That is why people mostly buy used, or buy from a production builder (your agent can help you with that)
... more
0 votes 5 answers Share Flag
Sun Jul 14, 2013
Jim Walker answered:
@rcschneider2010 wrote:
"There needs to be some kind of regulating sorting in place. Example; If a property is tied up in ANY way. The consumer should be able to see this in the alerts without having to research each and every listing."

RC there is regulation of that on the MLS. (Metrolist)

There is not regulation of the non-MLS sites such as Trulia and Zillow.

Because you have freedom, it is your choice to search on the unregulated sites and experience the frustration that you described or to search on the MLS, where there are strict rules requiring the reporting of active, pending and sold statuses, that agents must follow, or face monetary fines if they disobey the rules..

I would not deny you that freedom to search on bad sites. It is my freedom to assert my opinion that you would be happier if you searched on the MLS than on the unregulated sites.

I believe your own fantastic agent will confirm my assertion.
... more
0 votes 11 answers Share Flag
Thu Apr 4, 2013
Eddie Martini answered:
It really depends from one buyer to the next on what you are in need of. Most of the builders you listed have similar building techniques/practices so it would more so come down to the layout of the floor plans to your particular needs. Can you provide more details of what type of home you are wanting to purchase? ... more
1 vote 4 answers Share Flag
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