Jan. 9, 2015

Open House - 2936 43rd Street in Sacramento

 2936 43rd St Sacramento

What a wonderful opportunity to own this fully remodeled 3bedroom/ 2 bath home in North Oak Park! Check out our new listing at 2936 43rd Street in Sacramento, CA. Listed by The Hoyt Group.

Open House this Saturday, January 10th, 11:00am-2:00pm.  Hosted by Nick Fox.

Oct. 10, 2014

Why Choose A Certified Residential Specialist?

The Council of Residential Specialists is the largest not-for-profit affiliate of the National Association of REALTORS®. With a select number of members, CRS represents the most successful REALTORS® in the U.S. They provide best-in-class continuing education, networking, practitioner-developed tools, and mentoring—and we also award the CRS Designation to experienced agents who have completed advanced professional training and demonstrated outstanding professional achievement in residential real estate.

The CRS network spans the nation, but sometimes you need a network closer to home. No matter where you are located, there’s a CRS Chapter near you! In the Greater Sacramento Area Forth Hoyt is your Certified Residential Specialist that can offer a variety of services, including education and consultation to encourage the home buying process.

Volunteering is a big part of being a Residential Specialist because it has a meaningful, positive impact on the community. Volunteering is the perfect vehicle to develop a new skill. It’s about giving your time, energy and skills. Most volunteers express a sense of achievement and motivation, generated from their desire and enthusiasm to help.?

The Council of Residential Specialists focuses on each community in which they are located to build and develop lasting personal and professional relationships while learning about people from all walks of life.

Oct. 8, 2014

Choosing the right type of home loan: In Today's Sacramento Real Estate Market, Which Home Loan is Best For Me?


Deciding Which Home Loan Is Best For Sacramento Home Buyers?


Which Home Loan is Best?
How do I  Decide on a Home Loan?

Sacramento Home Buyers frequently ask me if What Type of Home Loan Should I GetChoosing the right type of home loan is an important part of the process. There are a few things you should be clear on as a home buyer, even before you Decide on a Home Loan.

First : No matter Which Home Loan You Decide to use, its best to be clear about certain points-

How long do I plan to live in this house?

Where do I see myself in five or ten years?

Do I have to or want to make home improvements?

Do I want to keep cash on hand for other investments?

Can I take financial risks?

Do I want to be debt-free?

Becoming clear on these basic, fundamental goals makes Choosing Your Home Loan much easier-

The next step in choosing a loan for you home purchase is actually deciding who you want on your team.  As a home buyer in today's Sacramento Home Market, price and value are so important and so critical, that homes that are priced and conditioned correctly are attracting multiple offers.  Buying a home in Sacramento has been very, very competitive  over the last few years.  Even with the recent increase in the number on homes for sale here, we are seeing many, many homes selling for asking or over asking price, within days of being placed on the market- So, if you see a home and fall in love with the condition, location and price... in nearly every single case, many other buyers will find it and fall in love as well- and the sellers must pick through multiple offers to find the offer that most meets their needs and also represents the strongest, most likely offer to be successful and close on time -

So having the right Lender, the right Agent and choosing the right type of home loan becomes critical in this competitive real estate market.

So as a home buyer in the Sacramento Real Estate Market, building a winning team of professionals, people who have a winning track record and a track record of success is the most critical thing you can do-

All of these scenarios and choices will need to be considered as you and your mortgage lender Discover Which Loan Program Works Best for you.

Once you choose a lender and provide the Documents Needed for a Home Loan, you will be asked to clarify your goals, your objectives in order to identify the different  types of home loans you qualify for and that meet your needs and goals:

The conventional 30-year fixed loan may not be for you. Consider and compare all the options. There are hundreds of mortgage products out there, so be sure to find the right one for your needs. Before you approach any lenders, figure out your financial strategy.
Now that you have a reasonable picture of your financial philosophy, shop around and evaluate your options. Don't rush into the first loan offer you get.

If you can afford to take financial risks and have the assets and credit score to back it up, you can get the best deals. Go for mortgage products that allow you to pay the least amount of cash while still satisfying your loan obligation. Consider these:

Choose a longer loan term, such as 30 years or more. The longer your amortization period, the lower your monthly payments would be, but the more interest you’d pay. If you borrow $100,000 at 8 percent interest over 30 years, you would pay $164,000 in interest along with the principal by the end of the term. Your mortgage payment would be $733 a month. A 15-year mortgage, in contrast, would require a $955 monthly payment.
Skip the down payment and go for an "80-20" loan. A standard loan funds the first 80 percent and a second loan with higher interest rates finances a 20 percent down payment. This option also gets rid of private mortgage insurance, or PMI, which is typically required for homes bought without 20 percent down payments. PMI protects the lender in the event that a borrower defaults on a loan.

Consider an adjustable rate mortgage (ARM) if you want to keep some cash or take advantage of a low interest rate. The rate is fixed for the first few years, then begins floating. But be aware of market conditions - if rates rise, so do your payments. This option makes sense for serial relocators, who don’t plan to be in a home for more than five years. A three or five-year ARM lets you make low payments and gets you through the typical mortgage cycle. If rates drop, you can refinance. If rates rise, you can sell.

Interest-only mortgages also let you keep more cash. They do not require principal payments during an initial period, typically three, five or 10 years. After the initial period, borrowers must begin repaying principal over the remaining life of the loan. By comparison, a traditional amortizing loan requires principal and interest payments from day one, with more of the monthly payment going to interest in the early years and to principal in the later years.

Homeowners can lower their monthly payment by 20 percent to 25 percent by skipping principal payments in the early years, but they must be prepared for a big jump in payments when the interest-only period ends. A lower initial monthly payment may also allow you to qualify for a bigger home loan. The downside? When housing prices fall, you could end up owing more on your home than it’s worth.
To qualify, you normally must have good credit or pay a slightly higher fee or interest rate. Balloon payment mortgages are short-term, fixed-rate loans that involve small payments for a certain time period and then one large payment (the balloon payment) for the remainder of the loan.

If you don't like debt and risk, you may want to stick with conventional loans with fixed rates and shorter terms, making big down payments and extra principal payments whenever possible. If you go with a 30-year mortgage, you could refinance after 10 years. You could get a lower rate and dramatically reduce your principal balance in a shorter period.
Here are more tips for finding the right home loan:

  • Use Mortgage Calculators and other tools that let you see exactly how much you'll have to pay under various scenarios
  • Build your Home Purchase Team! Having the right Lender, the right Agent and the right type of home loan becomes critical in this competitive real estate market. Team- find the a great lender, a great Agent and start learning- meet with  working with a mortgage broker.
  • Decide if you're willing to pay for points to get a lower interest rate, or take a higher rate to keep closing costs down.
  • Combine different loan features to create a loan that's comfortable for you.
  • Factor in costs like property taxes, insurance and homeowner's association fees. Will your lender hold these in escrow?
  • Ask about alternative loan terms, such as 20 years, 15 years. They exist though many lenders don't advertise them.
  • Consider refinancing your current home if you need cash for a second home.

Buying or selling a home is a huge project.  Get educated and take your time- interview several professionals in each area where you will need a consultant and advisor- Real Estate Agents and Mortgage Lenders are not all created equal!

Posted in Home Loans
Oct. 8, 2014

Energy Efficient Windows


Is your home in need of new windows? Or do you simply need to make your home more energy efficient?


Energy efficient windows can substantially reduce the costs associated with heating and cooling. This section on Energy & Cost Savings illustrates these savings in both heating and cooling climates.

Lower HVAC Costs

High-performance windows not only provide reduced annual heating and cooling bills, they also reduce the peak heating and cooling loads. This section on Lower HVAC Cost illustrates how the use of high performance windows can help in reducing HVAC equipment sizing.

Improved Comfort

Cold glass can create uncomfortable drafts as air next to the window is cooled and drops to the floor. Also, strong direct sunlight through window onto people and interior surfaces can cause overheating and discomfort. This section on Improved Comfort illustrates how high performance windows, in different climates, help make home more comfortable.

Reduced Condensation

High-performance windows create warmer interior glass surfaces, reducing frost and condensation. This section on Reduced Condensation illustrates the impact of temperature, humidity, and window technologies on condensation.

Increased Light & View

Daylight and view are two of the fundamental attributes of a window. This section on Increase Light & View illustrates how high performance windows help to reduce unwanted heat gain while still allowing light to enter into your home.

Reduced Fading

Materials such as carpet, fabrics, paper, artwork, paints, and wood may fade upon exposure to sunlight. This section on Reduced Fading illustrates how windows can influence the type and intensity of transmitted radiation.

Contact us to help you figure out if the home you are buying is energy efficient.

Oct. 8, 2014

New Construction Homes in Folsom, Reasons to buy new!

Over the last several months,  in this highly competitive Folsom real estate market,  we have asked our buyers: "Have you ever considered New Homes in Folsom?"

The answers have been from "are there any New Construction Homes in Folsom?"or  "what New Homes in Folsom?" to "Oh we could probably never afford a new home in Folsom!"

Well, more often than not, buyers are surprised to find that yes, there are several new home builders in Folsom and all new homes in Folsom have surprising upgrades, energy efficiency, (and savings), and many other benefits over the resale homes.

New Construction Homes in Folsom are Back and better than ever!

It's common sense that there are some things you just can't get with new homes and we will cover them later but for now, lets talk about why so many buyers have been impressed with the new home developments in Folsom.

BEFORE YOU READ ANY FURTHER: Read how this Folsom New Homes Specialist Saves Client Thousands!

In this series of posts, I will explore Five New Home Builders in Folsom and their separate communities.  Here you will  also discover the many great things about the City of Folsom and our community along with some history and some little known facts. such as: Did you know that Money Magazine, Newsweek Magazine, and Business Week Magazine all named Folsom one of the best places in America to live, work, and play? Yep! look it up! It's true!

The first New Home Builder in Folsom we are featuring will be a DR.Horton's Turnstone in Folsom. This is a  Folsom New Construction Home Builder who we just closed a transaction with today! Our buyer was actually a  referral from another new home construction company employee, who I have known for some time.  They had known each other for years, Heidi, our buyer (not her real name) came to us with specific wants and needs and in this current market, with such limited choices, I knew we were going to have a hard time finding what she was looking for. We always mention New Construction Homes to our buyers, but like most, she wasn't sure if she was interested... One quick trip out to a few builders, and she was hooked!

As I always do, I talked to my Executive Assistant, Cindy Twyman, who also runs They Hoyt Group's New Homes Division, told her about Heidi and asked her to give her a call and talk to her about the New Homes  Available in Folsom. She was immediately impressed with Cindy's knowledge and insight and agreed to go look at two of the New Home Developments in Folsom that had models that met her needs.

Luck for my clients, Cindy has 12 years experience in New Homes Sales, she knows many many of the New Homes Sales Agents in the area, the sales managers, the construction superintendents, etc. and knows the ins and outs of the new homes business at such a high level, she has trained the rest of us here at The Hoyt Group how to structure offers that are a win-win, giving our buyers the best price, the most options and best terms, while also making friends by making the builders look good as well!

So let's start here at DR Horton's Folsom Development, Turnstone.

March 25, 2010

Dave Ramsey’s Certified ELP Local Provider

Why does Dave Ramsey Recommend Forth Hoyt as a Certified ELP Local Provider?

In our modern world, it's become increasingly complicated to find trustworthy and competent investment advisors, realtors, insurance agents or tax services. There are too many lazy businesses and too many unfulfilled promises.

We decided that Dave Ramsey fans deserved better. We wanted his fans to be able to quickly find an accomplished professional they can trust—a pro who gives the same helpful advice our fans expect to hear from Dave. That’s why we created the Endorsed Local Providers (ELP) program—a network of endorsed professionals who are held accountable by members of Dave’s team and customer reviews.

Certified Local Provider
Certified Local Provider

What started as a service for one city has now grown to help hundreds of thousands of people across the nation. People love our simple process and the high-quality professionals we endorse.

Dave’s audience depends on us to provide reliable, trustworthy professionals who provide exceptional customer service. It’s a responsibility we take seriously every day.

Forth has earned Dave's endorsement, he didn't buy it

Being an ELP isn’t easy; it’s hard work because ELPs are held to a higher standard of excellence. While ELPs do pay a fee to cover website maintenance and employment costs, Dave’s endorsement is not bought—it’s earned. We have a 45-person team that interviews potential ELPs several times and provides support to make sure your ELP provides the advice Dave would give. We also make sure that every ELP is someone you feel comfortable talking to and is a person you can trust.

On top of that, we evaluate the performance of all ELPs every month to make sure we recommend you to the best agent possible. Also, every person who uses an ELP has a chance to grade them based on their personal experience through surveys we provide.

Forth Hoyt has great customer service and is easy to understand

We make sure each of our ELPs truly has the heart of a teacher, so you can trust your ELP to provide top-notch customer service. No one likes to be talked down or made to feel as if they don't matter. Our ELPs take pride in the fact that they treat each Dave fan like a friend.

The ELP program is designed to help you make money and save money

It's simple! If this program didn’t benefit you, we wouldn’t do it and that is why you should use a real estate agent that is an ELP. It’s a fact that people who use a good agent sell their home faster and for more money. In fact, a study by the National Association of Realtors shows that people who use an agent sell their homes for 16% more than people who don’t. Trying to sell your home yourself or using an inexperienced agent can cost you thousands more, not including time and frustration. 


Posted in Example Category