Tag Archives: home for sale

Real Estate

Incredible Custom Equestrian Estate In Nevada County For Sale

httpv://youtu.be/xZm4pa3j5wg

I just listed this incredible seven acres with a 3,734 square foot  home with an additional 530 square foot enclosed atrium in Nevada County.

This is a fantastic custom home with incredible storage, an additional 530 sq ft enclosed atrium, Zodiac counter tops (commercial food grade)marble and white oak floors throughout. Gas fireplaces in the Master suite and den, wood fireplace insert in the great room. High ceilings throughout. House is wheelchair friendly and one bedroom suite has a roll in shower. In addition there is a 1,200 sq. ft. workshop fully insulated, sheet rocked, textured and painted with a half bath and propane heat and 2 car garage door. An 1176 sq. ft. barn with 500 sq. ft covered loafing area custom built on site, with two stalls, room for an additional stall, tack room, automatic waterers and power. Land is very gently sloping with custom rock walls and landscaping. Piped irrigation water, well was 15 gpm when drilled and there is a meter box onsite for treated NID water. Three car garage with an additional work area.

This home, work shop and barn was custom built by O’Dell Construction

Priced at $895,000.  MLS 20133173

Call John O’Dell Realtor® GR
for an appointment to see this home.
O’Dell Realty
(530) 263-1091
Email John

BRE 00669941

Enhanced by Zemanta
Real Estate

Investor Buying Fuels Home Sales

Home for Sale 18026 Jayhawk Drive, Lake Wildwood, not a foreclosure, MLS 103551
Home for Sale 18026 Jayhawk Drive, Lake Wildwood, not a foreclosure, MLS 103551

I was just asked by a client to make an offer yesterday for a home in Hayward that is in foreclosure. When I called the listing agent, she said there were two pending offers already! One of the reasons home sales have risen this year is the spike in investor groups in troubled markets that are buying up clusters of foreclosed houses from banks.

In many cases, investors are prevailing over first-time home buyers and other owner-occupants because they bring cash to the table.

For instance, in Phoenix where 38 percent of April sales of single-family homes were all-cash deals, Mark Allen, a former division president at D.R. Horton, the nation’s largest home builder, is working with Gorilla Capital, which specializes in foreclosures, to buy dozens of properties at courthouse auctions.

Barclays Capital estimates that banks and loan investors owned 765,500 foreclosed homes as of April 1, up from 629,100 last year. By 2010, Barclays expects them to have acquired about 1.3 million homes. When the market improves, these owners will try to sell.

“All this investor buying isn’t depleting supply, it’s only shifting it around,” Allen says.

Maybe, but a lot of investor’s are buying these homes, putting a little money into them and reselling at a profit to home owners, not investors. Others are buying for long term rentals. With prices this low, a lot of first time home buyers are now able to get into the market.