All Forum Posts by: Eddie Sladek

Probably the same as square cash but I use Venmo to transfer funds between friends. You could probably use it if your contractor can download an app. Not sure if there is a limit but I have transferred over 1000 with it. Great app.

I have seen a few online sites that offer discounted commissions such as Redfin (1.5% for listing). Assuming you could get the buyers agent down to 2.5%, you would be at 4% overall which is pretty good.

As far as Sacramento goes, in the neighborhood where I am selling my house, I see a lot of new houses being built right down the road (this is cheap land in Rancho Cordova). The new houses are way more expensive than the existing which I think will bring prices up. 

I would look at duplex's and MF as well in Sacramento, as I don't see single family homes cash flowing too well unless you can get a really great deal.

Just as anecdotal evidence, I was receiving a little more than .5% of rent/value of home. I still think there will be 4 to 5 percent appreciation in the Sacramento area this year though.

@Chris VailGood point Chris, I'll keep this in mind. 

@George CalbertIll double check my numbers and have someone else check.

This does bring up a hypothetical question, if I was really low on my initial asking price on something I list, what would the course of action be to raise it?

@Jerry PadillaI am pretty familiar with the single home market in just in my little area of town. Haven't thought about MFR in Sacramento, will have to take a look at the market. Generally speaking though California prices may put me out of the price range. I am actually down in Long Beach so having anything in Sacramento is about the same as having anything out of state with the exception of knowing the SFR market well.

@Jared LichtinThanks for the advice. I have contacted a few different real estate agents to get a feel about my specific subdivision pricing. Interesting enough there were very few homes, almost none, for sale in my neighborhood between now and last October. I listed within the range of replies I got.

@Bryan S.Moving forward with a professional real estate agent, listing turned out really good. I am feel good about the price, but always want to make sure I am not leaving any money on the table.

@James WiseDefintiely agree in trying to find out the motivation of sellers.

@Joshua ChenIf I get a chance to ask I will.

Thanks for all the replies. It will be interesting to see if the investor makes an offer and at what price.

Thanks for all the replies. Not worrying about why someone wants to buy your property is good advice. I was just second guessing myself. I know the market pretty well and feel I set a good price. Looking forward to the sell! 

My house just went on the market today and my real estate agent got a call from an interested investor in my house. The reason I am selling it is to use the money in "better" markets. Should this make me rethink if an investor is trying to purchase my house? My house is located in Sacramento. Market might do 4%-5% this year in appreciation, but that's anyone's guess. Cash flow on property currently is slighting negative.  All investors have different parameters but having an investor buy it gives me pause.

Anybody have any thoughts in general (since I didn't give much details)? Do investors selling SFR usually sell to people who want a primary residence or to other investors? Maybe it shouldn't matter who I am selling to, as I am confident in the analysis i have done...

Yelp has always been a great source for me and not just for contractors.

Just got the quote back from the steamer and landscaper.

$0.70/sqft for tile

$1500 for landscape fix

Doing both to help with curb appeal.

Feel like i am talking with myself on this forum haha, hopefully this will help someone in the future.

I wonder if this is in the wrong section of the forum?