Best Roseville Realtor

 We're in a very competitive Roseville real estate market in 2025.  Finding a realtor in Roseville with the best skills to help you sell your house for top dollar and negotiate terms in your favor are key.  They say 20% of realtors do 80% of the work and I believe that to be a true statement.  Most business I do comes from repeat clients and referrals.  Taking care of my Roseville buyer and sellers are at the utmost priority.  

I'm currently working on several properties to get ready to list on Metrolist.  I have 3.5 acre horse property in Penryn that also has views of downtown Sacramento.  Another property is in Fair Oaks, on Hazel Ave.  This is 1/3 acre property that might work for an investor who is looking to flip property in Sacramento.  This is more than just a cosmetic fixer in Fair Oaks.  The house needs a complete over haul.  I will be listing it appropriately!

Several houses I have coming up for sale in Roseville are due to deaths in the family.  The parents have passed away and the kids are calling me to help sell the house.  When they don't have the family trust setup properly, new it's looking like a probate sale in Roseville.  I'm having them meet with a local real estate attorney in Roseville to get an idea of the time frame involved.  Depending on if there's a will can effect the time frame of the probate.  In all cases there are multiple people looking for their inheritance and that can be more problematic when trying to disburse funds.  

The amount of houses in Roseville for sale are on the rise.  Between new construction and spring around the corner, we're used to seeing inventory pick up this time of year.  Interest rates have ticked down a little bit so that promising. Mid 6's right now, or so I'm told.  Still a majority of houses I'm selling now are all cash.  Investors are out there and looking to park cash.  I think some folks are looking to diversify and get some money out of the stock market.  It's a smart play.  I only have a fraction of my money in the market, and I have 3 rentals.  I'm looking to buy another rental home in Roseville this year.  The cap rate is around 6%.  

I'm hearing more and more people excited about doing Airbnb.  A realtor friend in Orangevale has software they pay for to analysis on a property and project what you will make.  I ran the software on my Rocklin rental, and Citrus Heights rentals.  After all the fees it looks to break even with what I'm making with rent.  I suppose location is the key factor when it comes to a airbnb.  If it's in walking distance to downtown area, sporting events, then you'll be able to cash flow better.  I don't want to have to furnish my rentals, easier having a good long term tenant in my opinion.

Real estate prices have held steady in Roseville.  We're expecting values to increase this year in Placer, Sacramento and El Dorado counties.  Interest rates need to come down into the 5's before it's more affordable for buyers.  I heard you need to make $140,000 a year to be able to qualify for a house now with where home prices are.  Not a lot of people make $140,000 a year, especially first time home buyers.  Folks that work in Roseville and make $140,000 a year probably already own a house.

I'm seeing more properties come up for sale that make sense for investors in Roseville.  Finding a Roseville rental property that cash flows has been tricky.  We at Re/Max have more properties that we're working on that will be available soon.  I'm personally reaching out to people who own 3+ rentals and have had them for 10 years or longer.  Baby boomers are getting to the age where they might not want to manage their Roseville real estate any longer.  There's something called Deferred Sales Trust.  I'm sending out information to these people to educate them about this.  They can sell their rentals and do a 1031 exchange into a DST.  A DST is where you sell your rentals and put that money into a project and you are a partial owner and it's professionally managed.  Typically they are apartment complex's, or hotels, office spaces, shopping centers...  The cap rates are around 6% and you get a check every month.  In fact my mother has several rentals and she is looking into doing a 1031 Exchange into a DST.  She is tired of dealing with tenants, fixing things at the properties and vacancies.  

Partition - Referee / Broker Sacramento County

 We usually see the rolls of broker and referee as separate people, but I've been playing the roll and warring both hats for 13 years.  I think there's a benefit to the owners in that I charge a flat fee of 1% as the referee and 2.5% as the listing broker.  If my roll has to take on duties above and beyond I will typically charge $175 an hour.  For example, if I have to be at the property while the owner moves things out of the house, I will charge an hourly rate on top of my fee. 

All partition actions are different, for many reasons!  Doing my best to work with the defendant to cooperate and get things done smoothly is my goal.  Things don't always go to plan.  Some people simply don't want to recognize the Superior Court of California and ignore court orders.  I've had to evict and lock people out before; however, that's after repeated efforts to get cooperation.

As an experienced partition referee and real estate broker, you get the best of both worlds when I'm involved. I've been doing partition action referee sales for 12-13 years. If you are an owner who has questions about the process or you're an attorney looking to recommend a referee to the court, give me call. The area I primarily work in doing partition sales is in Placer, Sacramento, El Dorado Counties. With that said, I've done several in Solano and Yolo as well.

 

 

Chad Phillips Real Estate Broker Associate  RE/MAX GOLD 916-390-1476 | 2998 Douglas Blvd #125 Roseville CA.  95661 |chad.remaxgold@gmail.com | www.RealEstate-Roseville.com

Fall Roseville Real Estate Agents Update 2024

 Re/Max Gold - Chad Phillips

10/8/2024

We're officially in Fall now and we're seeing the Roseville real estate market holding steady.  Inventory is picking up so we're seeing a more balanced equilibrium with supply and demand.  New construction is still hot and heavy; however, there are a certain amount of buyers out there like myself that refuse to buy new construction with the minimal lot sizes that they are doing now.  It would be nice to know what percentage of people refuse to consider new construction due to the lot sizes, anyways...

We're about 30 days away from the election.  It makes sense that folks are wanting to hold steady and see how things unfold.  Our economy will look drastically different depending on who wins this presidential election.  No one knows how things will really boil out either way.  Truthfully, I think Trump will be the best choice for our economy and country as a whole but I've personally have done well under the democrats too.  I just hope that we don't see home prices plunge again like they did in 2008.  I fully understand the circumstances that came into play with the mortgage crisis.  We're in a different situation now; however, I firmly believe we could experience the same thing if inflation isn't under control.  Different situation, same result!  We cannot spend our way out of a market crash.  The solution is simple but no one will deal with it.  At the nucleus its the government spending that needs to be managed.  There's no oversight or penalties for them to just print more money, and raise taxes.  I liked when Warren Buffet said he could fix the deficit in 5 min. "Congress doesn't get a paycheck if they don't balance the budget".  Hold them accountable!  It's not a crazy notion but how do you get the folks who make the laws enact one like that?

What are home prices going to do this winter in Roseville, CA?  I can tell you that there is decades of data that suggest home prices will come down around 3-5%.  This is a cyclical thing and pretty predictable.  The question is, what can we expect next year?   I am not going to answer that, that would be a fools errand and a guess at best.  I can say inflation is the key here and what interest rates look like.  I foresee demand to hold stead so that's good, but affordability needs to be there too.

I don't see any need to panic, seems the feds are keeping a close eye on interest rates.  I think most people are holding steady to see how things unfold.  Hell, we could be 6 months away from WWIII.  If Kamala wins I think it would be bad globally.  I don't think she will be able to temper things or command attention.  Trump has shown that he has no reservations when dealing with other countries in a firm and demanding way.  When it comes to terrorist organizations, they know to fear him.  I don't think Kamala will have the same effect.

I wanted to talk more about real estate and I will but our economy has direct effects in how people are able to afford to live.  We haven't had move up buyers in many years now as interest rates have been on the rise for 4 years now.  Rates historically are good around 7% yet you cannot ignore the Roseville home prices.  If you just look at rates and say yeah, they are good you are correct but look at the big picture.  What were mortgage payments historically and now?   It used to be your mortgage was around 25% of your take home pay, now its around 50%.   Double!  Most loans max out at 48% LTV.  Are banks going to raise that so people can buy a house?  Would that lead to another 2008?

The DOJ laws that went into effect Aug 17th 2024 are going as expected.  We're adapting and doing more paperwork.  I think the whole thing was a money grab by attorneys and completely unnecessary.  More lawsuits will follow and that I can promise.  It's business as usual thought, we simply negotiate the selling agents commission in the purchase agreement now.  I know we don't call it commission anymore but I'm old school now.  God... I've been at this over 20 years now.   

I'm confident that 2024 will be another good year for me.  I'm going to prepay my office bill.  I only prepay my bill if I think it's going to save me money in the long run, being a good year and I sell a lot of homes in Roseville.  I was ranked in the top 3 of best Roseville real estate agents in 2018.  It's a silly website, but still was kewl.  I have accumulated a lot of real estate knowledge over the years.  There's things like partition actions.  I've been working partitions for 10 years now and work with multiple different attorney firms around Sacramento and Placer county.

No one reads my rants and I know I'm all over the place.  Kinda feels more like a journal and therapeutic for me.