Get together and enjoy the good times!
There’s music in the air and a weekend waiting to happen!
There’s music in the air and a weekend waiting to happen!
Campus Commons is a really pretty place to live!
Campus Commons which is located in Sacramento just east of the American River and Sacramento State College and at the West end of the famous American River Drive is a unique and very special place to live. I first considered moving to Campus Commons when Robert Powell started building in the community. My late husband, Jim and I looked long and hard about buying a home in there, but ultimately decided against it as we really wanted children and the community to us seemed to be more suitable for singles, DINKS (dual income; no kids) and retirees.
Today Campus Commons is a verdant neighborhood with condos and patio homes of many sizes and prices. Some of them remain in original condition and others have had extensive upgrades and revitalizations. On any given day as you drive the tree lined streets, you will see dozens of its residents out walking or having a competitive match on one of the community tennis courts. There are common areas, pools and club houses associated with the various villages.
As many of my fellow boomers and I are looking towards our Golden years, Campus Commons is a perfect place to enjoy all that the American River and the parkway and the local shops and restaurants have to offer. It was with this vision a client of mine bought a spacious Harvard Model in the community developed by Moss and Moss back in the 70’s. He and his contractor stripped out all the old cabinets, carpets, fixtures and appliances and in turned finished it to perfection. From the cabinetry with self-closing drawers to the granite counters and shower and tub surrounds, to the imperfect smooth wall finish and stately crown moldings and baseboards, it is a beautiful turn-key place to call home.
When you consider the demographics of the American River Corridor just East of Campus Commons where an abundance of the homes are large on large lots and with an aging population, it seems like a seamless transition to a less challenging and more tranquil environment without moving out of the area.
Located at 943 Commons Drive, this unit also boasts of dual paned windows and one of the very few 2 car garages offered in this village. The home backs to one of the lush greenbelts and the HOA covers the replacement of the roof and exterior painting. Contained in the over 1800 square foot single story home are 2 bedrooms, 2 totally redone baths, a study, a spacious living room and dining room with soaring ceilings and a dual sided fireplace between the living room and the study. The kitchen was also totally remodeled and has designer touches that really set it a part. There is a breakfast nook that is graced by the morning sun and a separate laundry room right off the garage. Priced at $399,900, you would be hard pressed to duplicate this home at this price buying anyone of several other homes available that remain in original condition.
So if you have been considering downsizing and moving to an empty nester style home I would suggest you consider Campus Commons and the home a 943 Commons Drive. As another client of mine said when she made the move from the large family home to Campus Commons, it is a really pretty place to live! It will be open this Saturday, March 23, 2013 from 1:00 to 3:00 p.m.
My Life Is One Continuous “Bucket List”!
Shortly after my first husband, Jim Laining died, I was determined to make sure when I move on into “Glory” that my family and friends won’t be saying, “Isn’t a shame that she didn’t get to do…..” So in the weeks and months to follow, I sat in bed each night with a note pad and pen and wrote down the things I wanted to make sure I did before that time came. In essence, my Bucket List! First thing on my list was:
- To determine whether I wanted to continue in Real Estate or find a new direction or career.
I wasn’t sure if after all the grief of not only Jim’s illness and death but also the very challenging real estate market of the 90’s did I still have the fire in my belly for all things in real estate. I considered what else I might do. They included off the wall things like learning to drive an 18 wheeler and hitting the road or becoming a cook for a big game outfitter. But somewhere on the trip crewing Gary and Sally Callahan’s boat from Benecia, CA to Victoria, B.C., I realized that I liked nice things and being surrounded by the smart and interesting people. My real estate business had always provided both. I also recognized that my success was in large part due to my having a talent that I call “it” and the work ethic to keep “it” successful. So reestablishing my business as a success was # 1 on that list! By the end of the next year I was back up there with a brisk book of business!
After that came the fun items:
- To run a marathon. I RAN 4
- To go back to the Plaza Hotel in New York in a beautiful suit and drink a martini on the stem – DONE – NOVEMBER 1994 Would like to do it again now that the Plaza has completed its massive renovation so I guess that is back on the list!
- To run on the shore of Lake Michigan with the wind blowing and the waves slapping up against the sea wall. DONE IT TWICE
- To fall madly in love again and get married Married Alan Benbow in May of 1997
And the list went on and I completed most of them; adding new ones along the way to the list and marking them off once they were completed. One item I have yet to mark off is to harvest a trophy Black Tail Buck. My latest addition to that list is to swim from Alcatraz to San Francisco this next September.
Like my business, both of these items require a lot of focus, conditioning and training. That is yet another reason I get up so early – 4:00 a.m. most mornings so I can swim and then walk and run as I prepare for both.
The buck, as long as I keep hunting and climbing mountains I know eventually that will happen. It is much like prospecting in my business. The harder you work, the luckier you get. In essence, the more people you talk to, the more success you will experience! So I run and walk the boat ramps at Folsom Lake so I can continue to climb those mountains to put myself in the right place at the right time to attain that goal.
The ominous swim is another matter. I have always been a decent swimmer. This past year one of my swimming buddies challenged us to swim across Folsom Lake. On September 10, we entered the water at 8:00 a.m. at Brown’s Ravine and I set foot on the shore of Beal’s Point at exactly 11:00 a.m. While it was a long, long way (3.65 miles) there are no major currents like one encounters in San FranciscoBay. While I continue to swim a minimum of 3 days a week training for that next challenge, I have the gnawing worry about those tremendous currents. So when we were offered the opportunity to train with Master Swim Coaches at the community pool, I signed on.
Today our coach was Kerry who has swam the Alcatrazswim on more than one occasion. Learning of my Alcatraz goal, she quickly analyzed my stroke and identified what we need to work on to make me stronger and more fish-like in the water. In a nut shell, I need to work on rotation and kicking. I knew my kicking was weak, but wow, I didn’t realize it was actually slowing me down. Today we did 150 yard time trials. The first was with a full freestyle stroke including kicking. We then did some kicking and body rotation exercises. Then we did a 2nd 150 freestyle but no kicking, just pull. I really struggled with the buddy buoy and finally discarded it for the last 50 yards. Even with losing some time fussing with the buoy, I was still 17 seconds faster in that 2nd 150 yds. without kicking! Wow!
That’s the bad news! The good news is that we have identified the problem and can now focus on correcting it. Prior to this realization, I have to admit, I felt somewhat frustrated with my performance in the pool. While I definitely improved my times this past spring, I felt of late I was struggling. I can now focus on very specific aspects of the stroke and anticipate my overall speed will improve substantially.
As I thought about today’s workout and the realization of what was keeping me from improving, I realized all aspects of my life; personal, professional and Alcatraz is one continuous “Bucket List” First you set the goal, then set a course, identify what the problem areas are and what you need to do to correct them along the way. Then you simply implement those certain activities which produce repeatable and sustainable results and you “Just Do Them”!
Successful Short Sales Start At Dawn
Why do I get up so early? All my hobbies require that I get up way before dawn. While each time I ask myself why I don’t do something normal, like play golf, I thought I would show you what makes it all worth it.
They say a picture is worth a thousand words, so I thought I would show you a few thousand reasons!
The extra benefit is all that early morning training has also paid off with successful short sale miracles. Many a morning I am the first call into the negotiators who open up at 8:00 a.m. EST when I call them at 5:05 a.m. PST. I find them fresh and happy before they have been beat up by other real estate agents. I always get a yes to my requests that way!
So, if you are looking for an agent who understands the workings of a short sale and is willing to put 43+ years of experience to work for you and prove “Experience is not expensive, it is priceless, give me a call.
Historical changes in the capital gains tax rate
There is a lot of rumbling that the Bush Tax Cuts are soon to be a thing of the past. At the top of the list is the current Capital Gains Tax Rate of 15%. Following is the history of that tax according to the AP/ October 3, 2012, 3:15 PM :
Select changes in the top statutory tax rate on long-term capital gains in recent decades:
1942-67: 25 percent
1976: 39.9 percent
1979: 28 percent
1982: 20 percent
1987: 28 percent
1997: 20 percent
2003: 15 percent
2013: Estimated to be 20 percent (plus a new 3.8 percent Medicare tax on investment income for high-income earners)
So, if you share that concern and are thinking about making some changes in your real estate investment portfolio, the good news is that with the lack of inventory here in our market place, there is still time to get your property on the market and sold before the end of the year. So if you have been considering such a move, I urge you to consult with your tax advisor and then give me a call me. While we do have time, it is running short!
The call is free & you know you will always get a straight answer from me! Call me at (916) 284-7133
Viki Benbow
The Real Estate Huntress
Selling Sacramento Since 1969
Remember, Experience is not expensive, it is priceless!
Changes in the Real Estate Air
The Real Estate Market is changing and we want to share more of the changes we have experienced!
Prices have nudged up! Last year at this time, Ryan and I started working with several buyers. One in particular was looking for a home in the $500,000 – $600,000 range. There wasn’t a ton of inventory, but we had several options every week. Their plans were put on hold for a couple of months due to an employment change. When they came back into the market, the inventory had shrunk and finding the right home became a real challenge. They made an offer on a home that was listed at $774,000 of $676,000 in March. The sellers countered at $757,000. We countered that at $690,000 and the negotiations died. 3 months later and some 100 homes viewed, we went back to that seller and met their price. The appraisal came in low and the buyer and seller settled at $746,000! The same square footage closed at $690,000 in February 2 doors down.
We represented another buyer who was in a multiple offer situation on a home with a list price of $184,900. Our client offered $214,900. They got the home and this time the home appraised for $230,000! First time I have seen that in the last 6 years!
We closed on a home inCarmichael. A year ago, I felt it would not crest the $200,000 mark. It closed last week at $217,000 and we were able to bring in the appraisal. All in all, we are finding prices have inched up 7 to 10% in the last year.
Builders are getting back into the market! As previously shared, this is yet another sign that the market is in recovery. We sold a custom lot in a gated community to a spec builder in June. In the 3 months prior to that sale, 2 other lots were also sold in that community all to spec builders. Several big builders are cautiously ramping up production as well.
I’m all sold out! That’s right. We have closed over 30 sales so far this year with about half being short sales! I have sold all the listings I have and have closed all but one short sale which is slated to close in 2 weeks. Haven’t been there in over 7 years. Needless to say, I am now accepting new listings!
What does all this mean? The market is changing. Whether or not it will continue depends on many things, but most importantly employment and Federal money policies. If you want to know how all this affects you, don’t hesitate to give me a call. (916) 284-7133 Remember, there is no charge to call me, but there might be a huge benefit for having done so! Ryan and I have over 50 years of experience and as we always say, Experience is not expensive, it is priceless! DRE # 00356708
In closing, we have just improved our web site at www.SacramentoHomeHunter.com. Chances are if you are reading this you are on the site. We would ask that you go to our new Facebook page using the link on the web-site Or go to www.Facebook/Viki Benbow & Ryan Laining – The Sacramento Home Hunter Team and “Like” our new page!
2012 Salmon Opener on the Feather River
Alan and I looked forward to the opener like a kids anticipates Christmas. We put a big red X through that day on the calendar to ensure neither of us scheduled any work. We listened to all the local outdoor radio shows the two Saturdays before and called experts like Rick Tietz, JD Richey and Kevin Brock to get their advice on where to focus our efforts. In the end, we settled on the Feather and the area around The Outlet!
We worked all day Sunday getting the boat, gear and food ready. Checked the weather report and got to bed early with my cell phone alarm set for 1:00 a.m. At 11:34 p.m., I received a text message from Kevin Brock who was up in Alaska confirming his reports indicated that the most fish seemed to be up on the Feather and to use K-15 or 16 Chartreuse and silver. He ended by sharing he had caught a 70 lb. King a few days earlier! Wow!
We were up and out of the house on schedule and arrived at the entrance to the unimproved boat ramp just north of Gridley near Larking and Lance Roads at 3:45 a.m to get stopped by some other fishermen who got there ahead of us who cautioned us we could not go into the wildlife are until 1 hour before Sunrise without risking a $400. ticket. We decided to heed their kind warning and took our place third in line. Not 5 minutes later a game warden came along and confirmed he was on his way in to start writing tickets for anyone who was already in. Whew!
At 4:52 we started the caravan in with now over 30 vehicles backed up behind us. The launch went amazingly smoothly despite the high water, anxious anglers and the dark. We headed up towards The Outlet and were able to anchor right where we hoped. Within 20 minutes Alan rang out
The American Dream!
Why Buy When You Can Rent?
I just read this article by Liz Davison which was run in Forbes Magazine. None of the content is to be mistaken as mine! All credit for this very potent article goes to the author. I am just sharing it with my clients and friends as I think it is very important information. Viki
As a financial education company, we often see financial crises coming because employees contact us when they have financial problems or concerns they need help resolving. With the recent mortgage crisis, we began to see a major spike in calls on debt in the year leading up to the meltdown. Debt calls in 2006 increased to an all time high