Viki Benbow - The Real Estate Huntress: One Man's Loss; Another Man's Opportunity

There is a saying goes, one man’s loss is another man’s opportunity. How true that is in today’s real estate market. As tragic as this whole loan debacle is for so many of our neighbors, if you’re in the market to buy, you should be licking your chops.

Let me give you some examples from the elk Grove area. There is currently a home listed at $190k that sold in. 06 for $377k. It's a nice 3 bedroom, 2 bath home and with 100% financing (FHA with seller concessions) you can have it for about $1400. per month. My guess, is that you probably would be paying that in rent in today's market. And if you're an investor, with a modest down payment, you would be in a pre-tax break even situation in most cases with these prices. As always, run the numbers by your accountant or tax professional to make sure they apply to your particular situation.

There is a pending sale with a list price of $269,000 that sold in 05 for $455k. That home with 3% down would have a monthly payment of approximately $1900. per month including 6% interest.

I am putting a home on the market for $275k next week that sold brand new in early 04 for $336,000. The seller added thousands of dollars in improvements to the home on top of that. Again, with today's fully amortized loans and modest down payments, you can own a home for pretty close to what you are paying in rent. These values are repeated all over Sacramento.

Add to that interest rates in the high 5’s and low 6’s what are you waiting for? Call me at 973-4532. I would like to discuss what you are looking for and what kind of investment and monthly payments would be involved in either buying a home for you to enjoy or adding to your investment portfolio.

Eric Hogue will tell you, when you sit down with me, my main focus is you & what’s best for you. Let me put my years of experience to work for you and prove that experience is not expensive, it is priceless! Again, my number is 973-4532.