For the first time in ages, I had a buyer ask me yesterday how much his monthly payment would be if he bought my listing. He kinda threw me off guard because I wasn't expecting it. Generally, by the time a buyer calls, he or she has already spoken to a mortgage broker and received a preapproval letter.
But this is California, after all. This is the land where buyers hop in the car to drive 2 blocks to the grocery store, spot a For Sale sign, and decide on the spur of the moment to buy a house.
If this describes you, here is the perfect home for you. First, it's affordable. Second, it's not a short sale. It's not an REO, either. Third, it's newer, if you can call 1991 construction newer, and I think you can in a neighborhood made up of 80-year-old homes. It's all in your perspective.
This is a 3-bedroom, 2-bath home in Oak Park. If you take Alhambra from downtown and go south, it will eventually curve into 3rd Avenue. At the point where it curves, right next to the freeway, is this charming home. It's a little under 1,000 square feet. It has central heat and air, plus a 2-car garage.
The master suite has its own bath. Plus, you'll find a sliding glass door to the uncovered flagstone patio. This is close to shopping and public transportation. But best of all it's affordable. You can own this home for about what you'd pay in rent. Depending on your qualifications and the type of loan you pursue, your down payment could range from 0% to 3.5% of the sales price.
An FHA loan, for example, requires a minimum down payment of 3.5% of the sales price. A VA loan is zero down. You might also consider the Bank of Mom and Dad. Buyers sometimes get a down payment from parents.
3120 3rd Avenue, Sacramento, CA 95817, is offered exclusively by Lyon Real Estate at $148,000. For more information, call your Sacramento agent Elizabeth Weintraub. For a private showing, call Barbara Dow at 916 761 7398.
Photo: Elizabeth Weintraub
Certified HAFA Specialist
Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.