For Your Cool Million ------------------------------------------------------------ Email not displaying correctly? View it in your browser (*|ARCHIVE|*) . ** March 1st 2014 Email Blast ------------------------------------------------------------ ** From Michael Hill ------------------------------------------------------------ ** ------------------------------------------------------------ The fabulous deal I let you in on 2 weeks ago is long gone! As I screamed in my recent property alert (2/5), the beautiful 4/2 home on Heron Lake in Elk Grove's Laguna West gated community was a steal at $370,000 and was snapped up by a savvy buyer after 4 days in a market that averages 30-day sales. If you want to get inside what is going on in this market of ours, talk to me! I spend every day inside Sacramento area real estate. It's our business. From the Enterprise Real Estate Our Favorite Neighborhoods file the Hotel El Rancho in West Sacramento We have been spending a lot of time in West Sacramento and we're excited to see values coming back nicely. Remember this? What will your cool million buy you in the Sacramento area these days? Better question... what will it cost you? Unless you're planning on spending your lottery winnings, buying an expensive home means getting a loan. But you're a reasonable credit risk, right? So you get the standard expensive-house loan, also known as a Jumbo loan. Around here that's a home loan over $417,000. But first, you need to provide a down payment of thirty percent (you can find loans with lower down payments, but that means higher interest rates). After you spend your $300,000 on the down payment, you'll finance about $700,000 at around, say, 4.5% interest for 30 years. That's a payment of $3,547 a month. Add another $1,000 a month for property taxes and don't forget insurance! unfortunately, you're going to have to come up with a little more cash for these homes currently for sale in a neighborhood near you... This house on Stanley Ave. in Carmichael will set you back $2.6 million - of course you get this view. If you'd rather be closer to downtown, the Fab Forties can be yours for $1.2 million. Sierra Oaks Vista is close with great shopping and recreation... and addresses like this... Crocker Road - $1.9 million or around the corner on Random Lane - $2.6 million River views command top prices - this 5,755 square foot residence can be yours for $1.65 million. Can you guess which part of the American River? Morse Avenue at Marconi Avenue across from Del Paso Country Club - $1.65 million Beautiful homes line both of our rivers - this manse on Sacramento's Garden Highway will set you back $3.5 million but, of course, you do get all of this... the house alone is almost 9,000 square feet... Interesting fact... a $3.5 million home sale conducted by Enterprise Real Estate, Inc. would save the seller $70,000 vs. the typical 6% fee charged by many brokers. Our Arden-Carmichael News ad Now I admit it... I've never sold a $3.5 million home. But the principle surely holds... To get top dollar when you sell, you must not only do a great job of home preparation and marketing, but you must control expenses. We can't control many of the costs you will face, but we can control our fee. That's the first and greatest value we bring. A savings of $70,000? Are you kidding? If I was selling our home today, that would be a savings of about $8,000. $8,000 more profit. Many homeowners ask me why I discount our fees and my standard answer goes something like this... "The question isn't why we do, but why others don't..." The fact is that others can't. The real estate brokerage is the quintessential local main street service business. But that changed as Wall Street discovered the profits to be made by buying up all the Main Streets everywhere. Coldwell Banker - Prudential - Century 21 - Remax - Keller Williams All sending high fees (your profits) up the ladder giving lots of folks a little bit of your equity. We know what is important to clients. We were investors before we were brokers. We are not trying to make a sale. We are building a business that provides real measurable value... (We're not the only independent local brokerage - we think Lyon's service is pretty good, but try to get 4% out of them) But what about service? What about getting the house sold fast and for top dollar? Stay tuned... we're on our way... ** Copyright © 2014 Enterprise Real Estate, Inc. All rights reserved. Our mailing address is: 3401 O Street #322 Sacramento CA 95816 (916) 893-1566 Sales (916) 978-1778 Fax BRE 01932381 Copyright © 2014 Enterprise Real Estate, Inc. All rights reserved. Our mailing address is: 3401 O Street #322 Sacramento CA 95816 (916) 893-1566 Sales (916) 978-1778 Fax BRE 01932381 ** Friend on Facebook (http://facebook.com/EnterpriseRE)
Tuesday, March 4, 2014
For Your Cool Million
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