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Market Conditions in Elk Grove : Real Estate Advice

  • All297
  • Local Info11
  • Home Buying134
  • Home Selling16
  • Market Conditions10

Activity 16
Mon Mar 9, 2015
Richard Colin Ames answered:
The home on 9494 mainline drive is an investor trap. You are getting cheated if you purchase it. NationStar and Auction. Com are trying to sell you a lemon. The home has negative equity and is grossly overpriced among other issues. ... more
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Tue Mar 11, 2014
Jason Walter answered:
There are 4 foreclosed homes for sale in 95624. Please let me know if you would like more information. My contact information is on my Trulia profile. Have a great day!


Jason Walter
REALTOR® - lic #01923240
Certified Public Accountant (CPA) - lic #103885
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Mon Feb 3, 2014
Jason Walter answered:
Is there a question that you have about this property? If you are interested in learning more about any rental on Trulia then simply complete the section in the top right hand corner of the listing (the "Ask About this Property" section). However, be weary of rental scams. Here is some additional information to protect yourself from fraud:
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Tue Dec 3, 2013
Jason Walter answered:
The best way to get an accurate estimate of your home value is to contact a Realtor. Otherwise, if you want a general idea take a look at Zillow (however, values are often inaccurate on that site). ... more
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Tue Jul 9, 2013
Jim Walker answered:
My answer is NO!
The win almost always goes to the high bidder on HUD home home. (Net proceeds to HUD) Maybe someone can cite an exception to the rule*.

Scott G's answer about contingencies often applies to homes that are not government owned, but other bank or privately owned. Scott, did you skip over the word "government" in clong's question?

*For example: Some HUD homes can be bought for less than high bid by owner occupant teachers or policeman, some can be bought for less than high bid by certain non-profit housing agencies. But these exceptions are related to the characteristics of the buyer, not the financing.
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Sun Jun 9, 2013
Keep in mind Joselito the HOA monthly fee will be included in your qualifying ratios. Please let me know if you need assistance with home financing.
Geoff ... more
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Sun Sep 23, 2012
Rich Pulido answered:
Badi, Im not sure which condos you muight be referring to? Please be more specific in order to help you find the answer you may be looking for. To search for local rental statistics you try a website . ... more
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Tue Aug 3, 2010
Jay Emerson answered:
Take a longer-term perspective ( On these charts you can see the momentum is approaching positive territory. That means the decline in prices has slowed down over the last year. ... more
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Sun Jul 18, 2010
Cartman answered:
your broker mr magoo's notorius about missing listings
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Sun Jul 18, 2010
Cartman answered:
As your skull is continually expanding , so does the universe
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Fri Apr 24, 2009
Lundquist Co answered:
Here is what you need to do:

1. First off, wait to see what the Sacramento County Assessor’s Office says your home is worth. They should have this data available around May 2009. They are very backed up right now, so I wouldn't be surprised to see if the date got pushed back a little.

2. If you are not satisfied with your property tax assessment, you can contact the Assessor's Office and fill out a “Decline-in-Value Reassessment Application” between July 1, 2009 and November 30, 2009. There is no fee for this application. Basically, the application asks you to provide two similar properties that have sold in 2009 between January 1 and March 31.

3. If you hear back from the Assessor’s Office and still disagree with their value, you can file an “Application for Changed Assessment” with the Assessment Appeals Board by November 30, 2009. This application is free and basically asks you to provide evidence for your opinion of value. If you can supply this evidence through your own knowledge and research, that’s great. If not, this is where you may need to consult with a local and reputable licensed real estate appraiser to deliver what you need.

4. Don’t wait until the end of November to do Step 2 because you may not hear back from the Assessor’s Office until after the November 30th deadline for filing Step 3. For example, if you do Step 2 on November 30, 2009 and you end up disagreeing with the Assessor’s Office value opinion when you hear back from them in 2010, there is nothing more you can do because you did not file an appeal before the November 30th deadline. Of course if you do Step 2 late in the game, you can also do Step 3 at the same time as a safeguard. Ultimately, your best bet is to take care of Step 2 early in the process so that you can hear back from the Assessor’s Office within the filing period and then determine if Step 3 is even necessary.

Please contact me with any questions. I'm happy to help you understand the process or assist you in any way. 95757 is a nice area of Elk Grove.

Ryan Lundquist – Owner/Appraiser
Lundquist Appraisal Company
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1 vote 8 answers Share Flag
Sat Mar 14, 2009
george answered:
Dylan asked the question in July 20 of 1998 and all of Real Estates Pro recommended to rent and wait it out.

I believe that Elk Grove house price went down during last 9 months. If so, does any real estate agent believe that next 9 months will be any different than last 9 months? If you believe it will be different, what would believe the factors that will somehow reverse the price depreciation? I considered a purchasing a home(rental) in Elk Grove but I held off since the house inventory seems to be stuck at 3,000 or so. Not sure who is releasing it but I am going to assume it is banks. With so many investors picking up the homes, wouldn't it depress the rental price? ... more
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Thu Mar 12, 2009
Alex Amaro answered:
I wanted to give a bit more info on this topic. Traditionally, BK judges have NOT been able to modify mortgages thus the call for this new legislation that has already passed in the House and is now on to the Senate. Again, we will have to wait and see what happens but your attorney should keep you abreast of the changes.
You can read about the new legislation they are trying to pass on the National Assoc of Realtors site:

I hope everything works out for you.
Alex Amaro
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Sat Feb 28, 2009
Uncle Steves sells homes answered:
Elk Grove CA is a great place to own real estate. We have great neighborhoods and schools. Elk Grove has absorbed the foreclosures very well because of the demand to live in Elk Grove,CA. Home prices have dropped considerably and with interest rates low it has made a very healthy market. I specialize in government owned homes. These homes are priced to sell and ready to move in. The market has to many short sells. Short sells cause a lot of home buyers unneeded stress. You will have to wait for lender approval and their is no guarantee the lender will approve it. Look into the government owned homes. ... more
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Fri Dec 12, 2008
Phil answered:
did you look on metrolist?
and / or
0 votes 7 answers Share Flag
Thu Oct 2, 2008
Sue Archer Reynolds answered:
No they've not gone down as much, in my observation. The reason is that it's a stable market with seniors and less foreclosure properties that would negatively affect their pricing. (I'm assuming you're referring to the active adult communities offered by Del Webb)

If you have access to our MLS then you can do the analysis yourself. If you need help with that, please contact me. I'm assuming you have a local client?
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