investment property in sacramento
If you’re looking for a fixer home in Rancho Cordova, look no further. This new listing came on the market yesterday morning and it’s already generating a lot of excitement. This fixer home is located about halfway between Sunrise and Folsom off of Zinfandel. Nice neighborhood. I sold a lot of homes in this neighborhood during the market crash years in Sacramento. Now, the neighborhood is showing pride of ownership and people have equity again.
You can definitely see the possibilities when you walk through this home. It’s a popular model that features a remote living room right off the entry way with a brick fireplace at the far end and a steeple ceiling. It could use new carpeting and new vinyl, although the trend today in flooring tends to favor wood floors or wood-like laminates.
Almost every few days I get a call from a potential buyer hoping to find short sales and foreclosures in Sacramento. Bear in mind that probably fewer than 5% of the short sales and foreclosures in Sacramento are a terrific deal, and it’s the “terrific deal” that buyers want, not necessarily the short sales and foreclosures in Sacramento. That’s just where they think the “deal” lies. Further, our short sale inventory has dropped by about 90% since 2011. Short sales comprise pretty much a very small fragment of listings.