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Your Fixer Home in Rancho Cordova is in Sacramento MLS
2430 Stokewood Way, Rancho Cordova, CA 95670 is a fixer home.
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.
Kitchen, dining and family room at 2430 Stokewood Way.
Once you pass the living room on the right, you’ll come into the family room / dining area and the open kitchen. There is a sliding door to the covered patio. The kitchen could use new cabinets and counters, but the appliances appear to be newer. It would not be expensive to buy cabinets because there aren’t very many of them.
The fixer home in Rancho Cordova features 4 bedrooms and two baths, and those rooms are located on the other side of the home. The master suite, of course, is at the back of the home and overlooks the beautiful shaded yard. This neighborhood has a lot of trees. The ceilings throughout are acoustic, and the home was built in 1977, so you can imagine why they should be scraped off and painted. The Sacramento County Assessor says the square footage is 1,367, but I have not measured it.
Lots of mature trees in the back yard of 2430 Stokewood Way.
One buyer has already expressed an interest. His agent shared with me the agent’s wife is a loan officer, and she has completed loans for 2 of her brothers, so she will handle the loan. Not knowing how to respond to this disclosure, I said that it’s good information to know. He thought so, too. So why not jump on the bandwagon and snatch up this home? Come join us at our open house on Sunday from 2:00 to 4:00 pm, hosted by the incredible Barbara Dow. You can also view the virtual tour.
2430 Stokewood Way, Rancho Cordova, CA 95670 is offered for sale exclusively by Elizabeth Weintraub and Lyon Real Estate at $225K. Please, no lowballs. Make your best offer over list price. All offers for this fixer home in Rancho Cordova will be submitted immediately.
Where to Find Short Sales and Foreclosures in Sacramento
Short sales and foreclosures in Sacramento are often not what people think.
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.
Actually, the best deals are those mom-and-pop transactions, the For Sale by Owners: sellers who don’t hire a Sacramento Realtor. But explaining that to buyers who are dead set on buying short sales and foreclosures in Sacramento is pretty much wasted breath. People are glued to their beliefs. No sense trying to change ’em. These guys just get upset if a Sacramento Realtor tries to set them straight because they know what they’re doing, gall dang it, and agents like me who have been in the business for 40+ years do not. Gotta love ’em.
First, banks typically do not sell individual foreclosures directly to an investor. Banks prefer to sell either through an agent working with an asset manager or in pre-packaged bulk sales. A buyer can go to the courthouse steps and try to bid on a home there, but the buyer will be competing against the professional investors and auction sharks who make a living buying foreclosures at a trustee’s sale, plus those sales are generally cash only on the spot.
Another place to look for short sales and foreclosures in Sacramento is in our MLS. The foreclosures will be listed by a Sacramento Realtor who typically lists those properties through the bank’s asset manager at market value. If the homes need repair, they are sold AS IS and the price discounted to account for the repairs. Fannie Mae HomePath often lists foreclosures above market value. Zillow lists preforeclosures that are not for sale and probably never will be.
Also, my educated guess is maybe 20% or 30% of the short sales in our MLS are not actually short sales. They are homes listed by a naive Realtor who does not understand she needs to prequalify the sellers first. If the sellers aren’t qualified for a short sale, listing it that way does not make it so, grasshopper.
Generally, the great deals in short sales are those that have been previously approved and fell apart because the buyer split at the last minute. But working with a knowledgable Sacramento Realtor is the way to find the best short sales and foreclosures in Sacramento. You might come to realize that what you really want to buy is an investment property to hold for a long-term rental, and it doesn’t much matter whether that property is a short sale or foreclosure.
Front-end profit potential is a small part of the overall investment picture. Not owning any property at all is often the end result when the focus is solely on the front end. If you would like to work with a Sacramento Realtor, call Elizabeth Weintraub at 916.233.6759. Today or years from now, makes no difference to us. We’ll still be here, diligently working in Sacramento real estate.
