Have You Looked Into the “Getting You Home Again” Program?

Today I have Evangeline Scott, who is a huge part of our team and wanted to speak with her about her “Getting You Home Again” and the FHA “Fresh Start Program.” “Getting You Home Again” is a website she started purely out of charity as her “labor of love” to give back to the community. The website is designed for people that went through EK, short sale or foreclosure, especially 4-5 years ago when people didn’t know when they could buy again or what they could do in regards to their credit. Evangeline reviews everyone’s documentation and pull their credit without charging a dime. Evangeline sets up a course of action starting from where the customer is now and based on their circumstances, on what date they can purchase again.

Evangeline is like a personal coach to get people back in the game and wants to give them hope. What others tend to do is tell a customer that they won’t be able to buy for three years and start the process when the three years is up. Evangeline wants to get them started now so when their time comes to buy, they are ready to get into contract on that date. Another program Evangeline works with is FHA’s “Back to Work Program” or our “Fresh Start Program.” If you qualify for FHA, Evangeline process the necessary documents and runs it through underwriting so they are ready to buy another house.

If you would like to speak with Evangeline about either of these programs, you can reach her at (916) 496-0160 or me at (916) 316-3810. Thanks and have a great day!

What You Can Expect From My Video Blog!

What You Can Expect From My Video Blog

Welcome back and thanks for joining me! Today I’m out riding along the banks of the American River and I wanted to give you an idea of what to expect with this video blog. I promise it’s going to be interesting, fun, contain pertinent content to the market at the moment and educate you on the real estate process. All markets have the tendencies to react to events in the same way and by knowing that, you can have an idea of what to expect in the future.

I will also involve other professionals with one in particular named Evangeline Scott from Big Valley Mortgage who will be here every other week. I’m excited to help you understand real estate and the markets to where you will begin to gain confidence.

Thanks for stopping by and just wanted to say hi this morning. If there is something you want clarification on, call or text me at (916) 316-3810. Talk to you soon!

Greater Sacramento Area Real Estate Market Update Fall 2013

Welcome to my video blog. Every few weeks, I will be posting relevant information about the Sacramento area market and update you from time to time. The market is still favoring the sellers due to limited inventory and it's taking less than two months to sell homes. There’s a metric called “days on the market” or “months of inventory.” Days on the market could be different for each house, however, months of inventory pertains to all the homes listed throughout the area and how long it would take to sell them all if no new homes were being listed.

Even though the market has slowed dramatically since the spring, there is still less than two months’ supply; making for a strong seller’s market. There was almost a mini-bubble caused by the lack of inventory and when interest rates rose in May, it caused a disruption for buyers as they could not purchase the homes they wanted.

Historically, interest rates are the lowest they’ve been in 40 years. However, the issue is the lack of confidence in the overall market and uncertainty of what else could happen with the economy. For buyers that are committed to move and are planning to stay in a home for more than five years, this is an awesome time to buy. Interest rates are low and prices are down, but sellers are still weary of the market.

Thanks for watching my video blog and if you have any real estate needs, don’t hesitate to call me at (916) 316-3810 or email me at forth@thehoytgroup.com.