Tips and Advice

Are you Selling?

New 3.8% Tax on real estate in 2013

Starting in 2013, there will be an additional 3.8% tax on the sale of residential property as part of the Obama Health care law. Good news for health care, bad news for our real estate markets.  I have included a link with more information.  If you may be selling in 2013 or beyond, you should […]

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Rental Scam in the Sacramento area!! Renters, Buyers Beware!!!

This scam actually happened this past week to one of my listings. Criminals are taking the listing information of vacant, bank owned homes and creating “Craigslist’s Adds” for potential renter’s! I had heard of this scam, but it happened this week to my listing in Auburn, Ca. Please feel free to forward, comment. Call Frank […]

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The Home Warranty

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Get your loan modification approved!!!

Now is the time to revisit and get your loan modification approved! With the recent government settlement with the large banks, I am seeing more loan approvals. Even if you were not approved before, there is a window of opportunity. Please Forward, …

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What is a short sale.

What is a short sale? For more information call Frank at 916-257-0893 or email frank@frankvalente.com, visit frankvalente.com, please leave a comment!

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Why Use the Services of a Real Estate Agent?

This question is often asked, especially by homeowners who consider selling their homes by themselves.The fundamental first answer to this question is that an experienced realtor is an expert at what he or she does. Through hard work and education, they’ve acquired a set of skills that make the process of home buying and selling a lot easier than it would be by doing it yourself.So, what are the skills in the set I’m talking about? Well, for one thing, we have the skill of being the go-between. We’re the people who handle people and calls and separate the “wheat”…

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Property Value Trends

Knowing property value trends can be very helpful to you as a buyer, seller or investor. As a buyer, you can pinpoint bargains in areas that are trending upward (or downward) in price. As a seller, you can use the information as part of the bargaining process to get the maximum price from the sale. As an investor, you can use the latest forecasts and trends to determine whether you want to invest, when you want to invest, and how much to put into a property. Remember, the trends are not guarantees of future performance; they’re an educated guess as to…

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What Determines the Value of Your Home?

Basically, a home’s worth is determined by its market value. How is “market value” determined? Most often, it’s figured by a comparison (“comp”) with homes similar to yours in the surrounding area. So, if the homes in your neighborhood average, say, $250,000, then it’s likely that the value of your property will fall in the same range. But market value is also determined by a number of factors including the following:  External Factors There can be several external factors influencing the value of your home. One is “curb appeal”, or the first impression your property makes upon prospective buyers. A home that’s in excellent…

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Be Un-Emotional When Buying a Home In Order to Get the Best Value!

Want to break your heart and your bank account at the same time? Then buy a new home based on the fact that you’ve fallen in love with it!Needless to say, you should never do this!In some cases, when you fall in love with the “pretty face” of a house, you fail to look underneath and find problems like bad wiring, leaky roofs, bad foundations, etc. This is an extremely expensive way to buy a home!A funny and sad example of this is shown in the 1986 film, The Money Pit, starring Tom Hanks and Shelley Long. They make the…

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Are you Buying?

Is now a better time to be a Seller or a Buyer?

By Frank Valente | Dec 10, 2018

This report is current for  December 2018.  When I talk with perspective sellers this time of year, a very common comment is …” We are going to wait until Spring….”.   I understand that this is a common perception.  But I have tracked our market for the last 10 years.    I always review the current inventory on a monthly basis throughout the year. On any given year, the inventory of Active homes is always less in January- February as compared to June- August.  I have found that the listing inventory decreases on any given year by about 20-40% in our…

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Is our Real Estate Market headed for a crash?

By Frank Valente | Nov 12, 2018

  Is our real estate market headed for a bust? Or maybe just a correction?  My quick answer is the market is changing got sure.  For purposes of the market, I will look at the market in Sacramanto, Placer, and El Dorado counties.  This region extents from Sacramento going up both the Highway 80 and Highway 50 “corridors” up to Lake Tahoe.   First let us look at some history.   In this region in the last 5 years, prices have gone up 50%!  We have been seeing a 8-10% increase in prices each year.  Take a look at the chart below.…

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Are You Spending TOO Much on Rent?

By Frank Valente | Nov 2, 2018

Are You Spending TOO Much on Rent? | Simplifying The MarketChances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering […]

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Taking Fear Out of the Mortgage Process

By Frank Valente | Nov 1, 2018

Taking Fear Out of the Mortgage Process | Simplifying The MarketA considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll […]

Read More

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner

By Frank Valente | Oct 29, 2018

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner | Simplifying The MarketWith home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that […]

Read More

Still Think You Need 15-20% Down to Buy a Home? Think Again!

By Frank Valente | Oct 28, 2018

Still Think You Need 15-20% Down to Buy a Home? Think Again! | Simplifying The MarketAccording to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in […]

Read More

Where are Home Values Headed over the Next Few Years?

By Frank Valente | Oct 27, 2018

Where are Home Values Headed over the Next Few Years? | Simplifying The MarketThere are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, […]

Read More

Housing Is Still Affordable in the United States!

By Frank Valente | Oct 26, 2018

Housing Is Still Affordable in the United States! | Simplifying The MarketLately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at […]

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Buying a Home Can Be Scary… Until You Know the Facts

By Frank Valente | Oct 26, 2018

Buying a Home Can Be Scary... Until You Know the Facts [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:

  • 72% of buyers who purchased homes this year have put down less than 20%.
  • 4% of loan applications were approved last month.
  • The average credit score of approved loans was 727 in September.
Read More

Frequently Asked Questions

Is now a better time to be a Seller or a Buyer?

By Frank Valente | Dec 10, 2018

This report is current for  December 2018.  When I talk with perspective sellers this time of year, a very common comment is …” We are going to wait until Spring….”.   I understand that this is a common perception.  But I have tracked our market for the last 10 years.    I always review the current inventory on a monthly basis throughout the year. On any given year, the inventory of Active homes is always less in January- February as compared to June- August.  I have found that the listing inventory decreases on any given year by about 20-40% in our…

Read More

Is our Real Estate Market headed for a crash?

By Frank Valente | Nov 12, 2018

  Is our real estate market headed for a bust? Or maybe just a correction?  My quick answer is the market is changing got sure.  For purposes of the market, I will look at the market in Sacramanto, Placer, and El Dorado counties.  This region extents from Sacramento going up both the Highway 80 and Highway 50 “corridors” up to Lake Tahoe.   First let us look at some history.   In this region in the last 5 years, prices have gone up 50%!  We have been seeing a 8-10% increase in prices each year.  Take a look at the chart below.…

Read More

Are You Spending TOO Much on Rent?

By Frank Valente | Nov 2, 2018

Are You Spending TOO Much on Rent? | Simplifying The MarketChances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering […]

Read More

Taking Fear Out of the Mortgage Process

By Frank Valente | Nov 1, 2018

Taking Fear Out of the Mortgage Process | Simplifying The MarketA considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll […]

Read More

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner

By Frank Valente | Oct 29, 2018

Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner | Simplifying The MarketWith home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that […]

Read More

Still Think You Need 15-20% Down to Buy a Home? Think Again!

By Frank Valente | Oct 28, 2018

Still Think You Need 15-20% Down to Buy a Home? Think Again! | Simplifying The MarketAccording to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in […]

Read More

Where are Home Values Headed over the Next Few Years?

By Frank Valente | Oct 27, 2018

Where are Home Values Headed over the Next Few Years? | Simplifying The MarketThere are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, […]

Read More

Housing Is Still Affordable in the United States!

By Frank Valente | Oct 26, 2018

Housing Is Still Affordable in the United States! | Simplifying The MarketLately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at […]

Read More

Buying a Home Can Be Scary… Until You Know the Facts

By Frank Valente | Oct 26, 2018

Buying a Home Can Be Scary... Until You Know the Facts [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:

  • 72% of buyers who purchased homes this year have put down less than 20%.
  • 4% of loan applications were approved last month.
  • The average credit score of approved loans was 727 in September.
Read More