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Congratulations to our MagnumOne Realtor Kelly Baker. Earlier this week she got her first solo listing. In this crazy Sacramento real estate market, as you might expect, the listing is a short sale. The good news is it is a great house in Lincoln Crossing. The seller is in the military, being deployed with no promise of returning to this area and unfortunately like many homes in this area of Lincoln it was built and purchased in 2005 at the height of the market. At this time, the value of the home is less than the mortgage and the lender has already conditionally approved the short sale. If you or someone you know is looking for a large family home, here is an opportunity to get a very attractive deal on a beautiful home. For more information, see Keswick…

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Wednesday, January 9, 2008 Wow, we have things to report. Most important I’d like to welcome our newest Realtor to MagnumOne Realty, Kara Green. Kara is a brand new Realtor who we are very excited about. She has lived here in the Sacramento area for almost her entire life and has a large and diverse circle of friends and family. She is bright and outgoing and we believe will be a great addition to the MagnumOne Realty team. We have not had a chance to build a webpage for Kara but hope to have one completed by early next week. Second, we have price reductions on two of our listings. The asking price on our Paizano Court listing in Roseville has been reduced from $850,000 to $799,900. Clearly this is a significant reduction and brings this… Read Full Post

This must be a new year, the holidays are gone and a large winter storm is moving toward Sacramento but I do have some very good news to share. 

First, I am delighted to announce that Robin Sweigart has joined our MagnumOne Realty team as an associate broker. She brings us a wealth of experience as an appraiser and we are pleased that she has made the decision to become a Realtor and join us. For more information about Robin, check out her page at jalone.com. We know her attention to detail and enthusiasm will translate to the kind or client service we want MagnumOne to be known for. Welcome Robin! Our second piece of good news is finding out that one of the top Internet real estate marketing firms has name our website, www.jalone.com in the top 100… Read Full Post

Yesterday was very lazy around the Jalone home was we watched the Rose Parade (wow is it good on HDTV!) a few football games and played Guitar Hero with Mikie. With the kids out of school until Monday I think I have a few quiet days to get things in order for starting 2008. 

I have been toying with the idea of trying a podcast and Michael thinks he has found the right application for me to give it a try. We are going to start off very informally so keep an eye out for the official announcement that we have our first show complete and ready for listening. I guarantee they will be short and hopefully fun.  Read Full Post

Today is the last school day before Christmas vacation for Mikie and most kids; do you remember how great that felt?

Here in the Sacramento real estate market we are not following the law of supply and demand which says as supply declines demand increases.  In real estate this would normally mean as the inventory of homes for sale declines the asking prices of those on the market would increase.  For the past seven weeks according to HousingTracker inventory of homes for sale has been declining but there has been no sign of asking prices increasing or even firming.  In the last month alone, inventory has dropped over 6 percent.  During that time asking prices have fallen 4.2 percent which is even faster than the three month figure of 9.6 percent. 

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In difficult times successful people become creative rather than relying on what has worked in the past.  In the slower Sacramento area real estate market determining how to price your house if you are a seller is a key ingredient in obtaining the most money in the shortest period of time.  Check out my latest column over at Rocklin & Roseville Today, “Price Your House to Sell,” and see how the use of comparables has changed.  I have also published the article on the Real Estate News page.

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I want to acknowledge the fine people at Alliance Title who lost their jobs last week when management decided to close the operation.  We were customers of Alliance and enjoyed working with the staff and especially Christine Moore who always had a smile on her face and went the extra step to make sure our clients and needs were met.  We will miss working with Christine and the team!  I know it has been a difficult year in the real estate industry, especially here in the Sacramento area but, when a company the size of Alliance Title, with the customer base they had developed, just “closes the door” rather than sell the business you have to wonder if there is something more to the story.

 

By the way, the market reception to our new company,…

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Normally this is a very slow time of year for the Sacramento and other real estate markets.  Not many people want to sell or buy homes during the holidays and Realtors get some needed rest and a chance to catch-up with the rest of the world.  Not so, at least so far this year.

Check out my column over at Rocklin & Roseville Today, “Costs up + Attractive Rates = Increased Mortgage Applications” and see what is happening and some of my own observations.  I have also published the article on my News Page at jalone.com.

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