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Elk Grove : Real Estate Advice

  • All296
  • Local Info11
  • Home Buying133
  • Home Selling16
  • Market Conditions10

Activity 251
Fri Apr 29, 2016
James Tan answered:
You should pose this question to the unlawful detainer advisor at the Sacramento court on bicentennial drive in sacramento. There is a free walk in service which is staffed by law graduates. I believe you can also call them. Just google for their number.

I'm not an attorney, but I believe I have seen property managers doing that at the court.
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Mon Aug 6, 2012
Keisha Mathews answered:
See link below for Tenant/Landlord rights in the State of California. And Also see suggested attorney info for litigation questions. Hope this helps.

California Tenant/:andlord Rights Handbook:
http://www.dca.ca.gov/publications/landlordbook/catenant.pdf

Real Estate Attorney Recommendation/Referral
Steve Beede, Founder and Managing Partner
BPE Law Group, Inc.
Main: 11140 Fair Oaks Blvd., Suite 300, Fair Oaks, CA 95628
Satellite: 9245 Laguna Springs Dr., Suite 200, Elk Grove, CA 95758 (Appointment Only)
(916) 966-2260


Keisha Mathews, REALTOR®
CDPE®, HRC®, HAFA® Certified
The Short Sale Lady(sm)
Century 21 Landmark Network
(916) 370-1803 cell/direct
(916) 405-3886 fax
keisha.mathews@century21.com
www.SheSoldItForMe.com
lic#: 01439130
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Fri Aug 3, 2012
Vanessa Mosby answered:
To make an informed decision, you should visit the Elk Grove Police Department website:
http://www.elkgrovepd.org/information/crime-stats.asp

But in my opinion, all of Elk Grove is relatively safe. That may explain why there are only 3 homes under $120,000 in this area right now (as of today's MLS data). This includes single family homes only, NOT condos/halfplex/etc.. ... more
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Sun Jul 15, 2012
Debra (Debbie) Rose answered:
spa, as in jetted tub - part of the bathroom, or as in separate hot tub - inside or out?

In any case - make sure it's in proper working order, and that the tenants are responsible for any damage done, or repairs needed, if it is misused...maybe also make sure they hold you harmless for any injuries sustained while using it, and they are responsible for any maintenance/upkeep required while in use.

Our leases usually have the tenants repsonsible for repairs up to $100 each occurance........ this may not be typical in your area, so check with a local agent
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Fri Aug 3, 2012
Ron Thomas answered:
Let me agree with you:
You have an IMPOSSIBLE SITUATION!

You want a Realtor to sell your house for more than it is worth!
That is probably not going to happen.
There are not too many stupid Buyers out there.

Good luck and may God bless
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0 votes 11 answers Share Flag
Mon Jul 2, 2012
Jim Walker answered:
If you want to buy a house with a structural defect or a health or safety problem, FHA can give you a problem in any market. It is a sellers market in most Sacramento sub-markets, including Elk Grove, so the short answers are tough and yes.
Don't give up. I advise you to prepare yourself. Make sure that you and your Realtor know which houses will pass FHA requirements and which ones won't. Also there may not be a cash buyer for every house on the market, be prepared to come in second place a few times. Many sellers prefer an owner occupant bidder to an owner occupant bidder. Freddie Mac, Fannie Mae, and SHRA have owner occupant requirements that give you the advantage over cash investors.

Eventually, you will win a bid. Maybe you will get lucky and win the first or second try.
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Thu Jun 28, 2012
Joseph Drew answered:
Great little area, there is great access to the Laguna Creek Trail and to both Van Doren & Jack E Hill parks. Also, Elk Grove Elementary is located in the neighborhood. Very Safe area, there is an Sheriff Sub Station at the corner of Bond/Waterman Roads.

I think that the only con I have come across is access and getting back to Bond.

I hope that helps. Let me know if you have further questions about Britschgi or any of the other ElK Grove Neighborhoods.
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Mon Aug 6, 2012
Bruce Slaton answered:
First and foremost if you are evicting a tenant I recommend talking to an attorney to make sure all of your paperwork previously served was done properly, I recommend Gary Link.

You would reconcile what is owed to you against the deposit being held, you cannot ask for something not stated in the original rental agreement. It's worth the consultation with an attorney to make sure your paperwork is in order. They are also helpful in the collection process.

If your are merely giving the tenant notice to vacate and not filing an actual unlawful detainer against them (eviction) , you need to send them a reconciliation of their deposit within 21 days from their vacate date.

Take lots of photos if you are truly evicting them and are seeking damages in court and make sure you get invoices and estimates for everything you intend to seek from their deposit.

Best of luck although I cannot stress the importance of using an attorney in an eviction process

Bruce Slaton
Realty World eCurb REALTORS
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Sun Jun 24, 2012
James Tan answered:
Hi Keisha
I know of a reputable company called waypoint homes (www.waypointhomes.com) which specializes in buying older properties, rehabbing them and reselling them using lease-options/rent-to-own. However they operate primarily in Vallejo/Antioch areas.

Homes which are being sold using this scheme, are typically investor owned homes which have been rehabbed. You might want to just google to find the relevant websites in elk grove.

Good luck,

James Tan
Bethany Real Estate and Investments
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Mon Aug 6, 2012
Sue Archer Reynolds answered:
Short sale or walking away has the same financial consequences from a tax standpoint. However, there are many reasons to stay and help resolve the situation rather than impact yourself in other ways, your neighbors and all of us taxpayers in general by walking away, or doing a foreclosure.

There is a tax consequence for a loan modification, short sale or foreclosure. CA debt relief act, which will expire at the end of 2012, might relieve your need to pay any taxes on that. That question can only be answered by an accountant by reviewing your specific circumstances.

However, your credit score will be impacted differently based on which option you choose. A foreclosure will impact your credit for longer, than a loan mod or short sale. For more information you can go to www.AskSueArcher.com for a free report on reviewing your options.

Thanks for asking.
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0 votes 7 answers Share Flag
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 http://www.rentrange.com/ . ... more
0 votes 1 answer Share Flag
Sun Sep 23, 2012
Rich Pulido answered:
If you are filing in Sacramento County Here is the link : http://www.saccourt.ca.gov/ud/landlord.aspx
0 votes 1 answer Share Flag
Tue Jun 12, 2012
Michele Ambry answered:
You can use that web site:
https://rentlaw.mysmartmove.com/index.aspx
Very useful: you need to register your property and then ask the prospective tenant only for their email address and you will never see their sensitive information like their SS, but you will have a complete screening, credit score and criminal background check and you choose who pays the fees the tenant, or you (around $25, I think).
Good luck...

Michele Ambry
I.C.A.R.E.
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Tue Jun 12, 2012
Max Boyko answered:
I recommend speaking to a lender. Typically they will want your debt payments below 50-55% of your income... that's usually a good number to use for your calculations.
0 votes 4 answers Share Flag
Tue Jun 12, 2012
Darrell D. Drouillard answered:
I assume you're the owner and the 4 are renters......if so, that depends on several things.

1) Do you qualify any of them in case the one 'responsible' party vacates or can't pay any longer?

2) Do you run background checks for evictions, sex offender status, or other criminal issues on your tenants?

3) If they breach the contract and can't pay, will you just evict the 'responsible' party and allow the others to remain free or do you want to file suit against all of them too for eviction?

Hopefully you get the picture......nobody stays in my rentals unless I know who they are and can run appropriate checks and legal actions as needed. It is my property to protect.


Darrell D. Drouillard
Home Team of America
16719 Huebner Rd., Bldg 4
San Antonio, Texas 78248
210-373-6160
210-881-6760 (Fax)

www.dddrealtor.com

'Serving all Your Real Estate Needs'
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Fri Jun 1, 2012
Carl Henker answered:
Sounds to good to be true, what is the rest of the story. Why would an owner carry with only 5% down and only ask for 1% interest rate? Are you paying a market price for the home? Is this an all inclusive deed of trust? Have you seen a title report and are you buying from the owner of record? ... more
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Sun Jun 24, 2012
Sue Archer Reynolds answered:
5021 Laguna Blvd is a shopping center, 5021 N Laguna Drive is a single family home.

In any and all cases, to provide a fair market value would require knowing the type of property it is (best use of the property) and complete an analysis from there. Comparable sales may be one analysis but to give a good assessment would be to see the property, its condition and the surrounding area.

I would not rely on an estimate of value here, in order to determine whether to buy the underlying note. I'd suggest you hire an appraiser and get an accurate assessment.
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Tue May 29, 2012
Max Boyko answered:
Have you been working for the last 3 years? There are special incentives and programs available, it just depends on your situation. Credit is not always a necessity. Another route would be hard money, which would require 35-40% down payment. ... more
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Wed May 30, 2012
Bruce Slaton answered:
Its going to depend on the subdivision but thats about right for some of the subdivisions in 95757. But in some cases the developer absorbed some or all of the Mello Roos as a marketing option so you need to inquire with the builder. If its an existing home, you can check the Mello Roos free at www.eproptax.saccounty.net .

Best of luck

Bruce Slaton
Realty World eCurb REALTORS
www.ElkGroveHomeSource.com
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