Archive for the ‘Community Blog’ Category

HUD Home Seminar for Buyers

Monday, June 20th, 2011

You do NOT want to miss my upcoming HUD home seminar. I promise you will gain a wealth of knowledge and understanding on what it will take to purchase a HUD home. In this ever changing market, it is extremely important to be well informed on the home buying process and the loan products that will get you into the home of your dreams.

The seminar will be on Thursday July 21st, 2011 from 6:30pm – 7:30pm at 548 Gibson Dr. #200, Roseville CA 95678. RSVP today, call 916-960-5063.
I look forward to seeing you there!

HUD HOMES ARE BACK!!!

Wednesday, June 8th, 2011

If you haven’t already heard, HUD homes are back!  I am excited to provide our community with valuable information on how to purchase these properties.  January’s seminar will be on Thursday the 27th at the Holiday Inn at 5321 Date Ave., Sacramento CA 95841.  We will begin at 6:30pm and wrap up around 7:30pm.  A free list of HUD homes will be provided to all who attend.  You can also enter to win a Free Home Inspection or Credit Repair Analysis.  Call or email me today for more information.  916-223-9200 or youragent@sacmpi.com

Hope to see you there! – Tom Daves

Carmichael Residents Discover a Park Around every Corner!

Friday, September 24th, 2010

Carmichael homeowners and residents bat, pass, punt, kick, drive and dribble every kind of ball imaginable any day of the week in one of the nine developed parks within the city of Carmichael.  From nightly batting practice, to perfecting that soccer pass, families large and small congregate in neighborhood Carmichael parks day and night.  In the early 1900s, Dan Carmichael planned this community to give its residents access to a relaxing, park and recreation filled lifestyle.

Carmichael Park at the center of the city is the largest park and anchors all activities in and around Carmichael.  It offers residents 38 acres of manicured lawns, mature oak trees with plenty of  shade.  The band shell is a central focus  with performances from music to fireworks offered year round.  The clubhouse hosts meetings, wedding and receptions.  Sports lovers are drawn to the five ball fields, basketball courts, soccer field, six tennis courts, volleyball and horseshoe pits.  Families love the picnic shelter for large and small groups, barbecues and three playgrounds attract the little ones.  As you enter the park at Fair Oaks Blvd and Grant Ave notice the “Great Wall of Carmichael” with the artistic rendering of all things that make Carmichael great!

Around the corner on Engle Rd, the La Sierra Community Center draws residents for club meetings, weddings and reunions, summer and sports camps, adult basketball, volleyball leagues and is available to the community for meetings.    Del Campo Park, just north of Manzanita and Winding way, is a community park of over 20  developed acres with soccer field, playground, barbecues, nature area and restrooms.  The newest addition to Carmichael’s parks, opened in the summer of 2010 is the O’Donnell Heritage Park, at Charleston off Stollwood, includes basketball courts, playground equipment and a butterfly garden.  For a full listing and map of Carmichael’s parks go to www.carmichaaelpark.com

Carmichael residents also luxuriate in the spacious, Ancil Hoffman County Park just south of Fair Oaks Blvd.  This park offers 396 acres dotted with ancient oaks and is bordered on two sides by the American River. Activities include a top rated golf course, trails, picnic ground, Nature Center and reconstructed Maidu Indian Village.

Carmichael will be celebrating Dan Carmichael’s vision at the annual Founders Day Celebration coming Saturday, September 25, 2010. Admission is free. Come celebrate 101 Years of Community with a Classic Car show, Music and Entertainment, and a Kids Zone with mini Carnival, clowns, crafts and more at the cornerstone of Carmichael, the Carmichael Park.  While you are enjoying all the parks that Carmichael has to offer, consider relocating here and call us at the Tom Daves Team to see the current listings of homes for sale in the Carmichael area 916- 788-8838.

Sources:

Carmichael Recreation and Park District:  http://www.carmichaelpark.com/parks.htm

Ancil Hoffman Park,  parksinfo@saccounty.net.

Fannie Mae Foreclosures a great opportunity

Wednesday, June 30th, 2010

 

Fannie Mae Foreclosures a great opportunity   

Use Fannie Mae HomePath Financing to purchase a Sacramento Foreclosure

Sacramento Area Home Buyers and investors that haven’t discovered Fannie Mae HomePath properties and financing are missing out on a great opportunity.  Fannie Mae markets its foreclosed property under the HomePath brand and even has special HomePath Financing to help complete the sale.  Fannie Mae lists Sacramento Area foreclosures with local Realtors.  HomePath Financing is available through selected banks and your locally approved Sacramento mortgage broker.

Sacramento has more than its share of foreclosures.  A buyer looking for a Fannie Mae foreclosure with an excellent financing option would be well served to begin their search with a HomePath property and special HomePath Financing.

Sacramento Realtors signed up with Fannie Mae HomePath to list these properties in their local market are a great source for opportunities. Buyers can search for a foreclosure on-line at www.HomePath.com and find some very well priced Sacramento area homes with low down payment financing options.  Also, first time home buyers in California purchasing a Fannie Mae-owned home may be eligible for up to $10,000 in tax credit from the State of California.

Special HomePath Financing includes several benefits:

  • Fixed or adjustable rate mortgage programs available.
  • Available to owner occupants and investors.
  • Credit scores as low as 660.
  • Low down payment options down to 3% for owner occupants and 10% for investors. 
  • Gift funds acceptable for down payment
  • No mortgage insurance required.
  • No appraisal required.
  • Up to 6% seller concessions allowed.

In addition to special HomePath Financing, Fannie Mae offers a HomePath Renovation Loan for some of its foreclosures.  The HomePath Renovation Loan allows buyers to purchase foreclosures and incorporate some repairs or upgrades into the mortgage financing.  The ability to build-in improvements into the mortgage without a large out-of-pocket expense makes the Fannie Mae HomePath Renovation Loan an excellent choice for buyers on a budget.

HomePath Renovation Loan benefits and restrictions:

  • Financing to fund both purchase and light renovation.
  • Low down payment options down to 3%.
  • Gift funds acceptable for down payment.
  • No mortgage insurance
  • Available for owner-occupied properties only
  • Appraisal required to validate repairs or upgrades
  • Renovations up to the lesser of $30,000 or 20% of the completed home value.
  • HomePath properties must have “Renovation Mortgage” logo on listing to qualify. 

HomePath properties and financing programs offer a unique opportunity for buyers and investors to purchase a home with as little as 3% down. Most of these properties are instant cash flow for investors and close faster then traditional mortgages. First time home buyers, why pay mortgage insurance because you don’t want to put 20% down on a home? FHA just increased their Mortgage insurance premium to 2.50%. This is a cost paid upfront when taking out an FHA loan without putting 20% down. With Homepath Financing there is no mortgage insurance ever!!!!  Real Estate buyers can find an exceptional value and opportunity to purchase foreclosures with the ability to upgrade their homes on a tight budget.

Tom Daves team specializes in the sale of these homes. Also visit www.homepath.com for a full list of inventory, and discover how a Fannie Mae HomePath property and HomePath mortgage can create more opportunities.

Andrew Martinez Commercial Capital Funding

Fair Oaks Home Owners Enjoy Charming Village Lifestyle

Friday, April 30th, 2010

Fair Oaks, just north of Sacramento, along the tree lined banks of the American River beckons with a charming, village lifestyle.  Fair Oaks residents stroll rolling streets filled with historic buildings reminiscent of the Spanish Rancho that were its origins.  Fair Oaks Village is the center of activity with charming shops and cafés to meet your daily needs or antiques and art for weekend browsing.  Plaza Park with its lush grass and play structure entice your children for a daily romp, while you sip your favorite “Cup of Joe.”  Soak up the morning! A local may strike up a conversation, as you watch a parade of chickens strut by.

Years ago, a few chickens took up residence in the Fair Oaks Village Plaza area and now have become a focal point for the natural lifestyle they evoke.  The outdooor amphitheatre draws area residents for its annual Fair Oaks Theatre Festival for performances under the stars on warm summer nights.  In the springtime,  local residents enjoy the “ Fair Oaks Springfest”  complete with parade, carnival games, prizes, 5 Mile Run, and infamous “Toilet Bowl Challenge” where  local business owners team up in groups of three to roll their favorite ceramic fixtures down the street obstacle course.  A fun time for all!

Residential properties in Fair Oaks wind throughout the ten square miles of rolling, oak shaded hills and are a mix of suburban and semi rural neighborhoods.  You will find homes with sweeping vistas of the American River, developments offering every amenity and comfort your family desires and quaint dwellings nestled in the shade.  This week our “Ask Tom” selects 8523 Via Gwynn Way, MLS # 10014143, a beautiful Pheasant Knoll home in Fair Oaks with a spacious 2,480 sq. ft. floor plan and fabulous tree laden privacy.  Call 916-788-8838 to schedule a showing with one of our Tom Daves Team Buyer’s Agents and enjoy the quaint, charm and hospitality that a Fair Oaks home has to offer you and your family!

Sources:  www.fairoakschamber.com

www.communities.saccounty.net/fair-oaks/index.html

www.fairoakstheatrefestival.com

Yelp

Shopping for the Right Home Loan

Wednesday, March 24th, 2010

Are you thinking about refinancing your home loan? Are you looking for the best refinance rates available?  If so, than there are several things you should know about the rate quotes you may be finding.  A home loan refinance can quickly lower your monthly payment, allowing you to keep more spending money for yourself; however there are numerous “junk fees” and markups that can cloud that great deal you may have found.  Below are several great tips to help you find a great mortgage rate without overpaying!

Best Home Mortgage Rates

Where are the best home mortgage rates? Numerous homeowners are unable to know a good mortgage rate when they find one because they are unaware of hidden markup and fees.  What is a hidden markup?  It is a way for loan originators, banks and lending institutions to make additional money off of your loan refinance.  Essentially, your interest rate is quoted higher than the bottom line, thus raising your interest rate and allowing your loan originator to make additional money off of your dollar!  How do you bypass this hidden expense?  You must find someone who is willing and able to provide you with a mortgage without marking up your rate.  In other words, you need access to wholesale mortgage rates.  Refinancing (or even purchasing for that matter) with the right originator can save you thousands of dollars in the end.  How do you find the right originator?  Let’s first discuss how to find the WRONG one!

Bank Mortgage Loans

Countless Americans think refinancing through a bank is a great deal because they cut out the middle man, thus allowing you the lowest rate, however, there are several issues with bank originated home loans.

Mortgage brokers and lenders are regulated by your State’s consumer protection and predatory lending laws as well as the Real Estate Settlement Procedures Act, thus being required to disclose (nearly to the penny) all fees associated with your mortgage loan.  Banks, however, are regulated by the Federal Government and are exempt from your State’s mortgage lending regulations.   Although they must abide by the Federal Truth-in-Lending laws there are many loopholes that the banks are able to get around.  Additionally, bank have lobbied the Federal Government so they only need to provide a less-than-accurate Good Faith Estimate and an Annual Percentage Rate based on this estimate.  Due to the loopholes previously mentioned, banks are not required to disclose any of their markup or profit margin on your home loan.

In addition to the lack of regulation, banks are in business just to loan money.  They make a majority of their profit by selling their mortgage loans on the secondary market. Loans with a higher market interest rate make a larger profit for a bank (known as the Service Release Premium) which is why you will never get a wholesale refinance rate from your bank.

How to Get Wholesale Refinancing Mortgage Rates

Obtaining a mortgage loan at a wholesale rate is not as hard as you may think.  You do not need to have special intel or a secret agent, you simply need to shop for the right mortgage broker!  The fact of the matter is, if you want the lowest possible refinance rate, you will need to find a mortgage broker willing to do your loan for a flat, up-front fee who will not mark up your interest rate for a fee (called Yield Spread Premium).

Do you recall how banks profit from selling their home loans to investors for a fee known as Service Release Premium? Well, mortgage brokers are able to collect a similar fee known as Yield Spread Premium.  Yield Spread Premium is a fee paid to a mortgage broker by the mortgage lender for selling a higher interest rate to a borrower.  Although it must be disclosed to you, it is often explained away as a fee that the lender pays the broker and has nothing to do with the borrower’s expense.  It would be great if that were true, but unfortunately it is 100% at the borrower’s expense, and that expense lasts over the life of the loan!  It is the increased interest rate that results in an increased mortgage payment that comes directly out of the pocket of the borrower.  The most important thing to know about this fee is that although  you may be saving out of pocket expenses during the origination of the loan, in the long run you are better off to just pay the mortgage broker an upfront fee for originating your loan and getting the lowest possible interest rate.  An honest mortgage broker should be able to provide you with both options and tell you the true difference in your mortgage payment with and without your Yield Spread Premium.  If that is disclosed and discussed upfront, than there is no hidden fee because your mortgage broker has revealed it to you!

If you want wholesale mortgage rates for your next home loan, make sure you tell your potential brokers that you understand Yield Spread Premium and you are not interested in a loan that includes a markup.  Offer to pay them a reasonable loan origination fee and you will be on your way to saving money on your next home loan!

Andrew Martinez Commercial Capital Funding

Why buy in Sacramento

Wednesday, March 24th, 2010

Sacramento is the capital of California and has many positive features that draw in home buyers. The economy continues to decline, but Sacramento has continued to be one of the stronger areas for education, employment, and business owners. It is just a two hour drive to the mountains and a two hour drive to the coast, which makes its central location desirable to many people to buy and reside in the Sacramento area.

Fair Oaks, in the northern metro area, is a charming, with established schools, mature landscaping, close proximity to the American River, and many amenities.

Carmichael, central north, is an older area with a lot of character. It is very close to many amenities, highway 80, desirable schools, and is a place where you can feel safe with your kids walking to school.

Downtown Sacramento is a great place for those who enjoy life on the go. It has a busy nightlife with many clubs and bars within walking distance, great restaurants, parks, and many people enjoy walking or riding a bike to work.

Land Park, south central, is an area that is known for its character. With homes that have maintained their original charm and have large lots with mature landscaping, it is a beautiful area. It is very close to the Sacramento Zoo, parks, golf courses, and Downtown Sacramento which gives it some of the highest property values in the area.

Elk Grove is a city that continues to grow and is very desirable due to its affordable pricing for newer homes. Buyers have the ability to purchase a larger, newer home for entry level costs in other areas. It also has many amenities and a highly sought out school district.

More north, the City of Roseville an area that is becoming more popular all the time. With new construction, historic homes, and many amenities it is a great place to live. An affordable area with newer schools, plenty of shopping, entertainment, and a great central location close to freeways and just a few minute drive to Folsom Lake.

Submitted by: AJ Powers

Relocating to Sacramento? Look at Lincoln’s Small Town Suburban Charm

Friday, March 19th, 2010

Home buyers relocating within or from outlying areas are invited to tour our homes for sale in the City of Lincoln, located 25 miles northeast of Sacramento.  Lincoln was named the winner of the 2006 All America Cities Award largely because of its small town charm and livability. Lincoln sits just to the west of Roseville, so homeowners will find all of Roseville’s opportunities, recreation and shopping nearby.

Lincoln is still surrounded with the abundant grasslands and oak filled pastures reminiscent of the gold rush.  Founders of the city carefully laid out streets around what has now become Historic Downtown Lincoln.   Beerman Plaza stills sits as the town square and invites you to participate in its small town charms daily.  Farmer’s Markets, the Fourth of July Parade, Holiday Parade, and “Feats of Clay”,  the yearly art festival focused on Lincoln’s indigenous terra cotta artisans are just some of the events that will draw downtown. Fresh Air enthusiasts and athletes will be thrilled to participate in or catch the excitement of the Annual Tour de Lincoln Recreational Bike ride.  Or explore the city’s abundant bike trails and parkways that wind through Lincoln.

Homes in Lincoln include new developments on spacious lots with some of the most affordable home values in the region.  Lincoln also hosts older homes in the historic district.  Something for every home buyer from large family homes, fabulous senior community homes to smaller quaint homes.  See Tom Daves Team listing MLS # 10016583, 207 StantonCt, a beautiful home on a quiet court with community clubhouse, pool and gym.  Another tdaves.com listing this week is MLS # 10019590, 761 Courtyard Loop, a great Sun City home that walks out onto the golf course, move in ready!  Or call 916-788-8838 to make an appointment to let us match you up with a home, so that your family can enjoy Lincoln’s small town charm!

Source:  www.cilincoln.ca.us

Sacramento Area Homes and Residents Enjoy Fruits of the Valley

Thursday, March 11th, 2010

This weekend, Rancho Cordova area homeowners and residents will be feasting on fresh produce from the new Farmers Market opening at the Sunrise and Folsom Blvd light rail station. This market opened for your nibbling pleasure for the first time Saturday, March 6th and every Saturday from 8AM to Noon in the months ahead.

Sacramento, Citrus Heights and Rancho Cordova homeowners and residents will find that the Sunrise Mall Farmer’s Market has moved to this new location. The market believes the new location at the light rail station on Sunrise and Folsom Blvd will encourage shoppers to take public transportation to the market.

The market hosts over twenty vendors now and will blossom into over forty vendors this summer offering cheeses, fresh eggs, locally grown fruits, vegetables and flowers for your weekly table. Plan your weekly menu and shopping around this luscious local produce. Late winter fruits and vegetables include delicious winter squashes (acorn, butternut or delicato), *sweet potatoes (see recipe below), leafy greens, pears and every type of orange, tangerine and citrus you can imagine. A perfect stroller outing!

Rancho Cordova is a city just south of Highway 50 and within the Sacramento Metropolitan area. With a population of 59,000 it offers a wide range of sunny homes with spacious lots for your family to grow on. Call our office for a tour of 11857 White Rain Way, Rancho Cordova (MLS # 90041616) with its spacious open floor plan and natural light. Another Rancho Cordova listing this week includes 2284 Stillwind (MLS # 10015567) a perfect condo, clean, move in ready with a charming yard to enjoy the fruits of the valley!
*Sweet potatoes are packed with vitamins A, C and fiber. Make yummy sweet potato fries: Peel, cut into strips, brush with olive oil and bake at 350 degrees about 30 minutes. Little ones love them!

Sources: http://www.california-grown.com/Market-times.html

Antelope Homes Offer Easy Recreation and Family Lifestyle

Monday, March 1st, 2010

Most of our Sacramento Area homes for sale offer you and your family a full array of family fun and recreational activities.  Antelope, Ca (just east of Roseville with all of its amenities and close to Citrus Heights and Sacramento). Offers you and your family five parks for your springtime fun.  As you tour our listings of homes in Antelope, CA make sure you stroll Antelope’s lush, green parks including: Lone Oak Park, Pokelma Park, Blue Oak Park, Antelope Community Park, Tetotom Park, Firestone Park, Roseview and Almond Grove  Also in Antelope are the new Antelope Aquatics Center for you and your children to swim and splash on warm summer days and the Foothill Community Center with its volleyball, basketball, yoga, dance and exercise classes. These parks offer you and your family picnic tables with space to barbeque, play structures for the little ones, nature areas and playing fields for every ball you can catch, throw or kick!

From your home in Antelope CA you will be able to access Kids: tennis, karate, swim lessons, basketball, baseball, and soccer leagues. Adult sports and activities offered near your home include tennis, baseball, volleyball leagues, yoga, Jazzercise, kick boxing and self defense classes to name a few.

The Sunrise Recreation and Parks Department has announced that their Spring Guide to Recreation and Activities will be available on March first. The Sunrise Recreation and Parks department serves home owners and residents of Antelope, Citrus Heights and Foothill Farms areas.  Call their office to have the guide sent to your home 916-725-1585 or stop by the office inside Rush Park at 7801 Auburn Blvd and Antelope Road.  Or check their website at www.sunriseparks.com

Plan your springtime recreation activities from your new home in Antelope, CA now! View current Antelope Real Estate listings or check out one of Tom’s picks in Antelope.

Submitted by Lorina Tornai