The Folsom Corner

I Am On Your Phone!

I now have added a mobile website for home searching when you are not at your computer!  Go to MechelleSellsHomes.com/mobile. You can search for open houses, homes for sale, and if you are signed up on my HomeFinder's (New Listing Alert Tab) program, you can also see your favorite listings that you have saved.

Try it out and let me know what you think!

130 Blakeslee Way, Folsom, 95630

If you are out and about this Sunday, stop by and see me at my open house. I will be at 130 Blakeslee Way, in Folsom from 2-4pm. This home has 3 bedrooms, 2 baths. It is 1964 square feet. Newer dual pane windows and french doors. Almost every window looks out to a pretty park like setting. The master bedroom has a sitting area that would be great for an office or workout area(or just a retreat). The home is priced at $324,900.

If you would like to see more of this Folsom home for sale, click on the link:

130 Blakeslee Way, Folsom, 95630.

Folsom Home Search

Don't believe that this is a buyer's market, at least not here in Folsom. I have clients who have missed out on two homes, due to multiple offers. I thought I would put out an APB (all points bulletin) for what we are looking for. 

I am looking for a home that is 2,900 square feet or larger. Four bedrooms minimum, preferably five, pool or pool sized lot. A bonus room would be awesome. 

If you (or someone you know) might be thinking of selling their home, let me know.

Open House This Sunday

If you are out and about this Sunday, come by and say hi! I will be holding an open house this Sunday from 1-4 at 868 Fieldstone Court, here in Folsom. This is a new on the market. Gorgeous 4,212 square foot home in Empire Ranch. The home has 5 bedrooms, 4 baths. Upstairs bonus room. Built in 2002. It has lovely views of the greenbelt. List price is $599,000.

For more info and to see pictures, click here.

1099 Kinnerly Lane in Lincoln

I have a new listing I wanted to share with you. You might know of someone who would like a lovely home in Lincoln. The home is single story, with four bedrooms and two bathrooms. Hardwood floors throughout the main areas of the home. Granite countertops in the kitchen, baths and laundry room. Beautiful kitchen. Plantation shutters throughout. Upgraded lighting. Three-car garage. And a pool! Built in 2007. Offered at $250,000.

If you know of someone that might be interested, let me know!

AAAARRRRGGGG

These days I feel like a pirate hunting for buried treasure. I am searching high and low for homes for my buyers. Inventory of homes for sale in Folsom is lower than it has been in five years. And if you take away the homes that are short sales, it gets even worse.

Today there are 236 homes for sale here in Folsom. Of that 236, 107 of them are short sales, meaning they may sell or the may not. If a buyer wants to take advantage of the tax credits offered, they would be gambling to make an offer on a short sale.

And I am not the only one looking for the treasure. Other Folsom agents are also hunting. Last week a bank owned home came on the market around 4pm. The size and price of the home put it in the range of one of my clients. I literally raced over to the home to preview it. It had been on the market less than an hour. I was not the first agent there! One other agent beat me to the home. He also had clients that needed that size home. By the time I showed my clients this weekend, there were at least 20 agents having gone through the home. 

In December 41.8% of the homes for sale in Folsom sold, based on closed sales. This does not mean (in my opinion) that our prices will go up anytime in the future. But we have an active market.  It is also still too early to see if we get a rise in inventory during our spring months. (I have my fingers crossed that we do!)

Spacious Family Sized Home

971 Sterling Circle is now on the market. This 2992 sqft home offers 5 large bedrooms, 3 bath. Upstairs family-sized loft, upstairs laundry. The backyard offers an 8X10 gazebo covered spa. Upgraded rv parking for all your toys. Sod Pavers allow you to drive to your parking, without a driveway!

Close to Intel, Kaiser.

Here is the link to the virtual tour:

971 Sterling Circle, Folsom

Upcoming Listing

I just took a listing that will be going on the market next week. This large home offers 5 bedrooms, 3 baths. There is one bedroom downstairs. The master suite has a fireplace. There is an upstairs loft for family activities. Three car garage, rv parking, HUGE covered spa. Neighborhood schools would be Gallardo, Sutter Middle and Folsom High.  Over 2900 sqft.  It will be listed for $490,000.

If you would like more information, please contact me.

1341 Copping Way, Folsom

1341 Copping way is now on the market. This popular Elliot floorplan is 3/2, 1661 square feet. It has an open great room with lots of light and bright windows. The kitchen has tile counters, a maple woodblock island. The home offers high ceilings, arches and rounded corners.  It also has a 3-car garage. Price at $330,000.

Here is the link to the virtual tour.

New Bank Action?

In the past week I have come across a bank, foreclosing on a property (which had been a short sale with 3 loans), then recinding the foreclosure!  The bank is still working with the short sale buyer.  I had not heard of such a thing. Chatting in the office, another agent in the same office was doing a Broker Price Opinion(BPO) for a house that had been foreclosed on.  The catch, the bank (who had foreclosed) was going to work with the homeowner to modify their loan so that they could stay in their house.

I am not sure why I am seeing this, perhaps it is a way for the bank to remove the claims of the 2nd and possibly 3rd loan, and any investors on the first, and then take less of a loss by working with the party that is already there.

I let you know if I see this happening more and if it is having any type of impact on the real estate market.