Kim Michael Rolls, Real Estate Consultant

Kim Michael Rolls, Real Estate Consultant Will help investors as well as purchasers/sellers

Experienced Real Estate Consultant/Agent in all phases of the real estate transaction. 25 years experience. 4th generation in Real Estate serving Nor Cal. ---- Market emphasis in the Sacramento Metro area.

11/07/2023

Well, we have been through the upward market and now values have stabilized. Instead of multiple offers over listing price, wew are now seeing fewer offers and most under listing price - like 3 to 5 %. Fewer resale listings on the market are being offset by a growing inventory of new builds that have the potential olf over saturating the market considering interest rates affect buyer qualifications. Average $400000 home now will cost the buyer an additional $1000 a month due to interest rates much higher than in 2020. Good job government! S, I will do what I can to assist one and all to find their "dream home". Home prices will continue to appreciate due to the housing shortage, but at a slower rate than in the last 10 years.

08/18/2021

Ok -- been awhile since posting as the market has been steady and strong. However I see dark clouds on the horizon as government twiddles their collective thumps while Rome burns. Mortgage forbearance has ended with 700000 plus properties in default. What will lenders do? That question leads to an unsettled market with a likely decline due to uncertainty. Buyers will hold off as inventory increases leading to reductions in value. How bad it will be is an unknown and no one is offering solutions. Wait and see but verry cautious. Now we are also looking at the investment market that has the challenge of the no eviction mandate that has been in place for some time and causing uncertainty in the investor market b e it single family or multiple family properties. The there is still uncertainty in California as to what the state legislature will do with rent control, single family zoning and Proposition 13 modifications or even repeal.
So be watchful and follow trends to be safe against losses. It my job to make my clients positive income and create wealth though real estate and gaining equity in held properties of quick turns when possible. Be safe and watchful

11/06/2020

Huge opportunities in the real estate market currently as we witness the turmoil created by Covid and government's reaction to it. as well as the election creating uncertainty. Prop 15 i regarding property taxation in California defeated stabilizing the housing market and proposition on rent control also defeated stabilizing the investment market. The passage of either would have created a failing market with associated economic consequences.
Now to press on as the investment market is still ripe for growth and the housing market in the Sacramento and valley metro areas will continue to see increased demand as the people choose to move out of the San Francisco Bay Area to more affordable climes with the advent of telecommuting and ability to work from home.
Always be on the lookout for opportunities as they are numerous to those who seek them.

06/22/2020

OK, let's take a look at market conditions in the Sacramento metro area with consideration towards civil unrest and economic conditions due to the Covid pandemic and govt reactions to it. So the market, from all appearances, remains strong with listings slow and demand steady thus pricing remains stable to advancing slightly. The driver currently is interest rates which are a historically low levels (2.5% for 15 years and 2.9% for 30 years). Of course, credit qualifications will play a part in any loan application. But still such low rates help in housing affordability. There are uneasy market signs in the future as the State of California is eyeing substantial changes (elimination) to Jarvis - Gann Prop 13 tax limitation affecting property taxation, elimination of Single Family Residential Zoning, requiring owners of residential investment properties to offer their properties to Section 8 housing and lastly, restricting rents (rent control) charged on residential properties. If these come to fruition, there will be a negative affect on property values thereby diminishing those home owner's value and as well stopping the investment market altogether.

The upside is that Sacramento metro area is seeing an influx of people leaving the bay area and the difficulties found there (as in most major cities)and attempting to escape the large city atmosphere. New building is lagging behind demand and thus the resale market picks up the slack.

It is a good time to consider home ownership as market forces currently favor ownership, especially if the acquisition is to be long term. Also not a bad time to consider investment properties as well as being in the ownership fold for long term may prove profitable understanding that market fluctuates and government interference in the marketplace is unpredictable.

Have questions? Ask, and I will respond to all inquiries.

Good day.

03/30/2020

OK, obviously it has been awhile since I wrote on market conditions here in the Northern California market area. Now with the Covid - 19 virus issue at hand, it would help to keep a perspective on hand to put things in a logical order and eliminate the emotion henny penny aspect. Marker for housing in this area in still strong. There is a balance in inventory vs demand and thus pricing remains solid but there is some weakening due to the shelter in place orders from governments and the necessity to remain at a distance from one another. Construction still continues on new homes. And there are plenty of opportunities for investors.
Now there are things to consider that are a potential bother to the industry. The State Legislature is considering rent controls ( some already in place) - elimination of the Proposition 13 Property Tax relief measure that protected home owners from ever increasing property taxation - elimination of SFR (Single Family Residential) Zoning and mandatory that landlords - investors submit all their properties to Section 8 Housing for low income renters ---- all of which would destroy the real estate market in the state. So be vigilant as to what lawmakers are hiding behind closed doors. Market is still appreciating, however it is unknown what all this confusion with the virus issue will bring in the near future. I would submit that the issue is temporary and the economy will rebound rapidly once the "scare" is over. However, I am thinking that people will be somewhat distant for awhile until they too forget just like H1N1 and 9/11. Have a fantastic week and "use The Force Luke!".

12/03/2017

OK additional update on market conditions for the Sacramento metro area. Market continues to be stable to strong with low inventories and rising values but the increase is slowing due to seasonal activities and a new awareness that the default rate is rising due to the resetting of the adjustable rate mortgages entered into in 2007 to 2010. If it is a 30 year mortgage with a 10/1 adjustable rate, those mortgages are now resetting. The big issue is that those mortgages now become 20 year fixed rate fully amortized with the associated increase in payment --- almost double what the owner was experiencing. So we are again seeing a rise in short sales and REOs. The market has not fully recovered from the 2007-08 crash - about 75 to 80% recovered. The rub will be if the banks choose to unload shadow inventory (properties in default but held off market) rapidly or in smaller controlled amounts. Treasury wants the capital in the marketplace to earn income not sitting dormant. So potential clients need to weigh their options as to whether to market their properties now while values are relatively high and inventories low or wait and see what happens. Most forecast models are leaning towards a market correction which will mean lowering values and increased inventories placing pressure on the industry as a whole. I am seeing it is some phases of our market now which is a boon to my investor clients.

09/24/2017

Well, this week has proved eventful. 4 offers written - 3 accepted. And so it goes. Market seems stable and inventories are low - solidifying value. Noticing though troublesome markers on the horizon. Getting more requests for BPOs which indicates default rates may be increasing - substantiated by a corresponding increase in Fannie Mae and HUD listings and pre-foreclosures. It may be due to ARMs adjusting and the 5/1 and 7/1 ARMs coming due. I was scoping out a potential flip for a client and a woman stopped me to ask if I were a Realtor. I assured her I was and she was on an interest only loan that is due to reset and she could not afford the new payment. We are working on helping her but she is between a rock and a hard place. Has to downsize considerably. So here is a suggestion. Use common sense - listen to a good Realtor who has total interest in the client's well being and not their own commission. Interest rates are steady it seems but with lowering inventories, prices are climbing.

09/04/2017

Well, here we are Sunday Sept 3rd and the weather here is hot hot hot. 109 degrees here yesterday - 104 today. Now for the latest real estate news. Have a lot sale in Benicia that is under contract after much work with the city getting permit fees for a new build, Big project in Lincoln, Ca. with a rehab and 3 new builds. A purchase and rehab in Knights Landing and multiple projects working throughout Sacramento, Placer, Solano, Yolo and El Dorado Counties. There is a lot of action in the flip market - competition is stiff forcing some to overpay to get properties thus endangering their profit margins. The lending market is steady with rates advertised at 2.875% fixed 15 year. I will, in today's market, recommend 15 years for home owners due to the rapid increase in equity and to be in a good financial position should the market falter. FHA is going with 3% down and 1st time buyers have access to multiple sources of down payment assistance and grants. So if you feel your time has come for home ownership, I and my team will guide you through the process. If you are an investor looking for properties, I have them. If you are a contractor looking for a rehab or even a new build opportunity, I have those as well. So I am here for you. I just need your parameters to match you with the best available properties, some not even on the open market.

08/29/2016

Good Monday morning to all. Just an update to keep you informed as to valuations here in the Sacramento, Ca. metro area. Values are stable - inventory, when priced correctly, move with 30 days. There is stable inventory although current valuations have placed a burden on the entry level buyer and we are not seeing action in the entry level as those buyers seem to be in competition with the investor market. Interest rates are stable and average between 3% and 4.5%. Shop at least 3 lenders for the best interest rates and points and always ask your Realtor for guidance. Would I recommend a purchase now? Yes, especially if you are going to own for 8 to 10 years or more - build equity.
Write to me with any additional questions. I will be happy to answer.
If you have a property you need to sell, I will get the job done for you. I have buyers waiting --- some with cash - quick closings.
If you wish to buy - I can handle that as well and get you the best bang for the buck - period with multiple finance sources available.
My motto -- -- just get it done!!!!!

Address

Sacramento, CA

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm

Telephone

+19169044663

Website

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