July 22, 2008
The Property Index site has a vast range of property for sale in Italy, view the range online.
Even if the Property Index online service is generally viewed as a recent business, doing business since March 2007, they were very quick to establish themselves. In point of fact a extremely unassuming business fully concentrated on offering consultation services to anyone expecting to rent, buy, etc. realty almost anywhere in the world. What they affirm is to aid you laser target bang-on what you require quick and, likewise, in a trouble-free manner. Land can be bought all over the place in our times, one of the hippest areas being properties available for sale in Italy. It’s easy as ABC to specify the mega cool property available in Italy, the reason for looking for property here is a combination of the houses and apartments available and the great chance of living between such a fervent and bubbly people.
It is one of the truly popular regions of the world in our times, and considering the scenic splendor and great sunshine that surrounds you all year, who could say no… Land in Italy is rich in history, this geographical region is home to a lot of sophisticated civilizations. Around 25 years ago you’d find a mere dribble of British people who are looking for property in Italy. Ask everyone who has relocated to Italy and they are certain to back it up. There are those who would will see it as a basically irrelevant vogue and others will see it as a more or less a fixation! Customers set on migrating over here will range from young urban professionals who are looking for a challenge to the elderly planning to enjoy their life.
Bear in mind, though, that you may encounter some unmanageables when trying to acquire property in a foreign country: there will be dozens of actions whether devising a plan, paying a visit or buying. If you only miss one minor step it is liable to give rise to overwhelming unmanageables not to forget, more importantly, loss of money. As you will probably have assumed with this trendy place, property might be extraordinarily expensive in this area which is, of course, solely because of the wide spread demand. However, clients are definitely quite spoilt in a place full of terrific land and golden setting. It definitely has the whole shebang any of us could feasibly covet, and more.
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June 21, 2008
Property Index sell a range of villas and apartments, take a look at their site if you are looking for overseas property investment, click here to view the properties.
Notwithstanding the fact that PropertyIndex.com is actually a pretty young concern, doing business only since March 2007, they have swiftly become experts. They are a extraordinarily down to earth concern specializing in offering guidance to essentially anyone expecting to let, sell, rent or buy property across the world. They’re guaranteed to assist you hit upon exactly what you require very quickly and, naturally, straightforwardly. Property can be bought in many parts of the world nowadays, undoubtedly the most fashionable area being real estate available for sale in Spain. It’s easy to list the fun property on the market in Spain, the motivation for hunting for property here is real property on the market and the glorious option of spending your life right amid such a optimistic populace.
It’s one of the truly well-liked property markets nowadays, and in view of the lovely landscape and the agreeable sunshine surrounding you here, how could you ever say no! Property in Spain is steeped in history, art and culture, this country has always been home to a fair number of nations. Just 25 years ago there’d be just a trickle of English people keen on property in Spain. Ask any individual who has chosen to remove to Spain and they’ll tell you the same thing. There are those who would prefer to view it as a simple trend and others prefer to view it as a close to a compulsion. People intending to move over here range from young freshly weds looking for some new challenge in life to elderly clients looking to loosen up.
Note that there could be catches when attempting to purchase property abroad - you’ll learn that there are 100s of actions when organising, paying a visit or signing the documents. If you miss out on but a single action this will generate overwhelming catches and, more important, money loss. Obviously, as can be anticipated with this sought after destination, property could well be dear in this area and that’s absolutely caused by the steep market demand. In spite of this the customer truly is pretty much spoilt in such an area full of shiny terrain and marvelous scenery. It’s certainly got the lot a real estate buyer could yearn for, and plenty more.
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May 28, 2008
A mortgage calculator can help you to do many things including understand the terms of your loan. The term of the loan is the length of time that you will hold that loan for. This is often something that you can change to suit your needs. But, in order to know just what the solution is that is right for you, you will want to insure that you actually see what the various options will do. A home loan is a very serious loan and it is one that can make or break you if you do not do your homework.
But, you can use a mortgage calculator to help you to do this. Most home loans will be able to be gotten in a variety of terms. They can range from 5, 7, 10, 15, 30 or even a 40 year loan. Now, there are many things that will help you to decide which the right choice is for your loan. Remember, the longer you hold the loan, the more that you will pay for it. But, also, the longer the loan is the lower your monthly payment is going to be as well. This often helps those that would like to get more of a house to extend it to a longer period of time as well as allows individuals that are looking for the most inexpensive loan option to pay it down faster.
Now, to know how much a longer or a shorter term will cost you, you can use a mortgage calculator. This tool will allow you to put in the values of the loan that you are considering. You will put in the terms of the loan, the interest rate that it is being offered at as well as any down payment that you may be offering. Then, it will produce a good amount of information for you. It will provide you with information on how much the monthly payment will be, so that you can see if it is something you can afford. It will also tell you the total cost of the loan with those terms.
Now, take the mortgage calculator back and refigure your information. You are looking to add in the terms of a different length. For example, if you entered information the first time for a ten year loan, try a 15 instead. Now, compare the monthly payment amounts as well as the total cost of the loan in the long run. You can keep doing this until you determine which the right loan terms for your home purchase are.
When you take the time to compare these various terms, you’ll see the amount of money that you will be really charged to purchase the home that you want. There are many other things that this tool can tell you as well. It can help you to figure out the total cost of the loan at various interest rate levels and with different types of loans as well. The mortgage calculator is a tool that every home buyer needs to have and use.
Maksim Fisher is a freelance writer, specialising in finance subjects such as loans, banking, mortgage calculator, etc. He recommends use of a mortgage calculator for calculations at http://www.mortgagecalculatorplus.com.
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May 12, 2008
Mortgage Brokers Do The Work So You Don’t Have To
My career in the mortgage industry has provided me with many opportunities to work with both mortgage brokers and banks. I believe mortgage brokers are great tools for consumers in search of the best financing options available. A mortgage broker differs from a bank representative in some important ways. The broker can shop and find the best deal for a homebuyer or refinancing deal. The bank only sells its own products. The mortgage broker takes one application and one credit report and utilizes all of the resources to find the best rate and mortgage program available. In my role as the mortgage broker I am an expert working hard specifically for the consumer.
Mortgage Brokers Can Show You All The Possibilities
As a mortgage broker I may work with up to one hundred lenders all over the country. The consumer never knows about many of these companies because mortgage brokers have exclusive access to them. When a bank turns down a mortgage application for any reason, the bank is finished with that potential customer. A mortgage broker is not through — he or she moves forward to find the next best lender. If a customer does the mortgage research alone mortgage companies want to pull a credit report before giving any details about products and programs you qualify for. All of these credit inquiries may lower your credit score and when it is time to qualify for the mortgage this is critical. My goal with every customer I work with is to find the best rate. This money all comes from essentially the same places: investors on Wall Street. Customers with good credit will be quoted a similar rate from a bank.
Tap Into Broker Knowledge And Thrive Under Special Circumstances
Consumers dealing with more credit challenges may find they have more choices with a mortgage broker. A lack of a down payment, a short time in business or the inability to prove all of your income may be a problem and a skilled mortgage broker will be able to find a solution. I can find specialty programs many lenders don’t have or don’t know about. Mortgage brokers shop around the country and they have the knowledge and expertise to get someone with unique circumstances approved.
How Does the Mortgage Broker Get Paid?
In the mortgage industry brokers are an integral part of the equation to get the best value for your money. I am the middleman between the customer and the lender. Mortgage lenders compensate mortgage brokers for completing a large portion of the work. When a mortgage broker markets and originates the loan lenders only have to deal with basic negotiations that involve an educated party (the broker), the approval process, and execution of the loan. The cost for banks and mortgage companies do not differ.
Compare a Mortgage Broker to a Buyer’s Agent
A mortgage broker is like a buyer’s agent for your mortgage.
A buyer’s agent represents the home shopper’s best interest. The agent is an educated real estate professional dedicated to representing only the purchaser. With this representation the homebuyer can save money and have better deals negotiated.
As a mortgage broker, I negotiate the term of a loan with only my customer’s individual needs and desires in mind. As a consumer it can be difficult to find advisors and representatives completely committed to your best interests. A mortgage broker is the key to uncovering all the possibilities and securing the best mortgage rates you can find. Be sure to choose wisely and you can reach your highest home investment potential.
About The Author
Kevin Onizuk has been in the mortgage business since 1994 and co-founded Breakwater Mortgage in 2003. His background covers many aspects of lending. Breakwater Mortgage has one office in Virginia Beach and two offices in Williamsburg, Virginia. Kevin Onizuk and the Breakwater Mortgage team are dedicated to providing the highest level of service available in the mortgage industry. Visit http://www.breakwatermortgage.com. Or contact Kevin at .
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March 24, 2008
Occasionally, a property owner will have a bad tenant that slips through the rental application cracks and makes their life a living nightmare. If one owns property and hasn’t yet encountered this unique breed of individual; they will. In the following five situations, a brief explanation is listed on how to properly handle some of the toughest moments of one’s rental property adventure.
Property owner and landlord are interchangeable terms throughout this article
1.) Domestic Disputes between tenants - When one has tenants that are renting a property together and continually getting into domestic disputes, the property owner must make sure that they stay neutral to the disputing. If the disputing gets bad enough, one of the tenants may request the locks be changed or the other tenant’s name removed from the lease; don’t do it. The most one can do in these situations is ask for proof of a restraining order from the requesting tenant. If proof is shown, the property owner must then get the written consent of the other tenant to have the locks changed or name removed from the lease.
2.) Departing Roommates - Sometimes when there are multiple roommates occupying a property, one of the tenants will move out in the middle of the lease. Often time, this tenant will instantly want their security deposit back, but don’t give it to them. They are not due the deposit until 30 days after their current lease expires. If someone new is moving in, the old tenant can request (to the new tenant) that the new tenant pay them their deposit. If this happens, the landlord should make the departing tenant fill out a Deposit Assignment and Lease Agreement form.
3.) Tenant Breaks the Lease - This is sure to happen eventually to any owner who owns more than a few properties. When a tenant breaks their lease and leaves early, the landlord needs to immediately get the property ready to be re-rented and begin trying to re-rent it. When and if the property owner and former tenant go to court, the landlord must be able to prove that they made a reasonable effort to re-rent the property, or else they loose the right to recoup the rest of the funds owed to them under the lease. Also, specific to each state and local community, there are certain situations, such as, military transfer or loss of job that can deem a tenant “not responsible” for the remaining rent under the lease.
4.) Bankruptcy - This is the absolute worst-case scenario for a property owner. If one is in the process of evicting a tenant and the tenant files for bankruptcy, the landlord must immediately halt their eviction process. A “stay” is issued when the federal bankruptcy action is filed, meaning that the state cannot continue with the eviction process until the bankruptcy is settled. To proceed with the eviction, the landlord will have to file pleadings with the federal bankruptcy court requesting a “Relief from Stay.”
5.) Illegal Holdovers - Holdover tenants are those tenants that do not move out by the end of their lease (without the permission or an extension of the lease from the landlord). In most areas, the landlord can begin the eviction process immediately, however one must be certain that at no time do they receive additional rent from the holdover tenants, or they are entering themselves into a month-to-month lease.
With the five situations above highlighting some of the worst tenant-scenarios that a property owner may face, it should be noted there are many more good tenants than bad. Unfortunately, it often takes only one bad tenant to completely ruin the experience for the small-time real estate investor, thus propelling them to leave the game and give up before they even got started.
The author is the founder and owner of both ManageYourRentals.com and LandLordDocuments
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March 14, 2008
Refinancing a fixed rate mortgage is usually only suggested when interest rates start to drop. However if your looking to save money in other ways you can also save by changing your loan terms. Another simple solution would be pulling out part of your equity to pay off those high interest credit card bills.
Lower Interest Rates
A good thing to remember is when interest rates are at least 1% lower than your current mortgage rate, it pays to refinance to pay your higher interest bills. However, you need to consider other factors, loan cost, loan terms, length of your mortgage, and how long you plan to stay in your house.
What about an adjustable rate mortgage? Most people only consider this if they are planning on moving on short notice. How this works is mostly variable rate. If rates are low you will see a lower monthly rate. But you do risk a chance that the interest rates could go up and you end up paying more than before. This usually happens over a period of time. So you many not be effected right off.
Refinancing is a big deal! You can decide if it is for you by calculating the difference in your interest payments over the course of your loan. There are all kinds of online mortgage calculators which can help you find both total interest costs and monthly payments. Most are free too.
Look for better Loan Terms
Finding lower interest loans can be key. With lower interest rates, you can save money by converting to a better loan term. A shorter loan, such as a 20 year term, can save you thousands on interest payments. It might be a higher payment, but you will save bundles on your total loan debt.
You can also reduce your monthly payments by refinancing for a longer term. But you will suffer a higher overall interest and spend for in the long run.
Find and Your Equity and Use it!
Whether you want to pay off high interest credit cards or pay off other bills that have been weighing over you. It’s up to you. One of the advantages of using your equity is that your interest is tax deductible. Yes! This could be big savings as well.
However, if you just want to use your home equity, a better option is a home equity loan. The nice advantage to this is that you can still write off you interest and avoid additional fees.
What about those Online Lenders?
Today online financing is easier to research. You research terms and fees from your home with no pressure. You can receive quotes fast so you can compare financing packages. Another advantage is that you can also apply online and qualify for discounts with some online lenders. With all this in mind, try to remember the old rule. “If it seems to good it probably is.”
Copyright Troy Francis. Troy is a writer and real estate broker for Century Mortgages. Please feel free to republish this article. We only ask that you leave the link active. You many see more articles like this by going to: http://www.CenturyMortgages.org
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March 12, 2008
There is no doubt that the market for houses has been on fire recently. More and more people are taking advantage of low interest rates and easy mortgage loan terms to go from being renters to being home owners. With so many people entering the market, it is inevitable that questions will arise.
There are many things to consider when buying your first home. Some of the most important steps to buy a house are:
Step 1: Learning the home buying process
Start by learning as much as you can about how the home buying and mortgage application process works. Read as much as you can about buying a home. Check out the many books in your local library that offer hints to first time home buyers. Read financial web sites on the internet for tips for first time home buyers. You may even want to sign up for a class aimed at first time homeowners. Many towns and cities offer these kinds of classes, and they can be a great source of information for the buyer looking for his or her first home.
Step 2: Find out the pre-qualified price range
It is important to find out how much you can borrow before you start looking for a home. Talk with several mortgage lenders in your area and get pre-qualified for a particular price range. The mortgage lender will be able to help you determine how much you can borrow based on your annual income. In general, mortgage lenders recommend that all home related expenses, including the mortgage payment, insurance premiums and real estate taxes, do not exceed 28% of your monthly income.
Step 3: Get Pre-approved for mortgage loan
The next step is to get pre-approved for mortgage financing. This is similar to getting pre-qualified for a price range, but it is a more formal process. You will need to supply proof of your income for the pre-approval process to move forward. Most lenders will want to see income tax returns from the past two years as proof of the income you are claiming.
Step 4: House hunting
After you have been pre-approved for your mortgage loan, it is time to actually start house hunting with a realtor (find out why you need to find a realtor before buying a house?). Your mortgage lender will give you a letter stating that you have been pre-approved for a mortgage and the amount you are authorized to borrow. You will need to present this letter to the real estate agent when you get started. It is important to get pre-approved for a mortgage loan before beginning your home search. The real estate agent and real estate company will be much more willing to work with you if they know you can afford the home you are looking at. In addition, sellers will take your offer much more seriously if it is accompanied by a pre-approval letter from your mortgage lender.
Step 5: Make an offer
Once you have found a home that meets your needs, it is time to make an offer on the property. You will already know the most you can spend from the pre-approval process, and you probably will have your own ideas on what the property is actually worth. In addition, your real estate agent can guide you through the negotiation process and offer procedures. A copy of your pre-approval letter will be presented as part of the written offer. This will ensure the seller that your offer is legitimate.
Step 6: Negotiation process
If the seller accepts your first offer, congratulations. Your negotiations are over and you’re ready to start preparing for your move. More likely, however, is that the seller will come back with a counter-offer. This negotiation process can go on for a short or long amount of time, depending on factors like the motivation of the seller, the local real estate market, and a host of other factors. The real estate agent will be a good guide through the negotiation process. After all, he or she will have been through this process many times before.
Step 7: Provide copy of Purchase and Sale Agreement to mortgage broker
After the negotiation process has been completed, you will need to present your mortgage broker with a copy of the Purchase and Sale Agreement for the home.
Step 8: Work to close the mortgage loan
After presenting the Purchase and Sales Agreement, you will need to work with the mortgage broker to ensure you meet all the conditions required for the closing of the mortgage loan.
Step 9: ome inspection prior closing
Prior to closing, you will want to make sure to have a thorough home inspection performed by a qualified and certified home inspector. A home inspection will protect you from flaws in the construction and condition of the home that are not obvious to the naked eye. Home inspections can uncover things like foundation cracks, termite infestation and other home quality issues.
Step 10: Hand over down payment
After the home inspection has been performed and the report has come back clean (or all the items uncovered have been repaired), it is time for the buyer to actually hand over the money for the down payment and sign the loan documents.
Step 11: Collect the house key
After the closing of the loan, the fun part of home buying begins. Your real estate agent will hand over the keys to your new home and you can actually move in and enjoy your beautiful new home. Welcome to moving day!
Andrew is the web owner of Home Buying Tips: How to buy a house, a website that provides complete guide on home buying, selling house, home mortgage, foreclosure, real estate investment and more. You can visit his website at:http://www.buy-and-sell-house-fast.com/
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March 4, 2008
Nearly 80% of those who bought a house last year started their search online. If you’re selling your own home, an online For Sale By Owner (FSBO) site is nearly a must. According to realtors, most people who browse FSBO sites will view at least one house that they first saw online - and about half will purchase a home that they found in an online selling your own home web site. Knowing that, how can you not take advantage of all the new selling techniques available to those who are selling their own homes?
What sort of selling techniques are available to you if you’re selling your own home online? Depending on the site, you can literally have a 24/7 open house - without ever opening your front door. With photographs, multiple listings, virtual tours and floor plans, you can literally allow prospective buyers to tour your house without ever leaving their own homes.
There are several different ways to go about selling your own home through an online FSBO web site. Your best option is to contract with a local real estate agent for a flat fee listing, which will give you the right to post your home on a multiple listing service. With a flat fee listing, you pay a local realtor a flat fee of a few hundred dollars for the single service of listing your home with the Multiple Listing Service. Once your home is listed, you can post it on MLS web sites where it will be seen by hundreds of real estate agents and thousands of prospective buyers.
Another way that you can get your house listed on an MLS site is by contracting with a real estate agent with an Exclusive Sale Contract. You agree to pay that agent 2-3% commission if any realtor sells your house during the time that it is listed through him - but reserve the right to sell the house yourself without paying any commission. Again, your main aim, since you’re selling your own home, is to get the house listed on a multiple listing site.
There are also a number of FSBO sites that will allow you to list your home on their sites for a fee. Shop around for the best deal - they range in price from a single flat fee to a 2% commission when you sell your house.
Tips for Selling Your Own Home Online
- Upload at least one picture of your house that shows it in its best light. If you can, have the photograph taken by a professional photographer.
- Has your home got a gorgeous fireplace? A great view of the city? Make sure that you get a photo of that posted - the best way to sell your own home online is to make it look its best.
- Give buyers the info they want to know. Put information about the school system, the neighborhood, the local stores into your online ad. The more they know, the more likely it is that they’ll be ready to buy when they come looking.
- If your home is priced in the high ranges, consider investing in a virtual home tour so that prospective buyers can get a full tour of your home online and fall in love with it before they see it.
- Use your listing page to print out flyers that include the photographs and descriptions, and post them locally.
The internet gives you new tools for selling your own home. Just take it online, and see how far you can go with a few pictures.
Brian Shelton makes it easy to sell your house fast. To claim your free report entitled “How To Sell Your House In 7 Days or Less”, visit the
http://www.HouseSoldIn7Days.com/
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February 17, 2008
You want your home to sell, of course, for the highest possible price, and in the shortest amount of time. Here are a few good tips for making sure that happens, long BEFORE potential buyers visit your home.
First, make sure that your home’s curb appeal is at least as good, and preferably better than the other homes that are for sale in your area. Buyers often drive around in the neighborhoods they’re interested in, and if they see a home that looks great from the street, they’ll generally follow up with a phone call or visit. Make sure your home is one of those that catches home buyers’s eyes from the street.
If your home needs paint, carpet, a new roof, or any other relatively major repairs, do them BEFORE any buyers visit your house. Just telling people you intend to repair or replace something does no real good. They only see the old situation. Home buyers don’t visualize the new one, nor should they have to. Do the work before anyone comes to see your home.
Make sure you have all the information about your home that a potential buyer might want. That’s where a nicely printed, attractive flyer can prove invaluable. It covers all the pertinent information about the home itself and the financial details. Buyers can take the flyer home and use it to make their decision, even when you’re not around to answer their questions in person. Remember, buyers, especially first-timers, often need some help when it comes to buying homes. Provide them with all the help they need to make the purchase. Seek help from a mortgage broker with making a financial flyer that gives the buyers details like suggested down payment and monthly payments.
Taking care of these details well before any buyer visits your home can sell your home more quickly and for a higher price.
Copyright © 2006 Jeanette J. Fisher
Join our FREE Home Selling Teleseminar. Get expert advice on Redesign and Home Staging from Design Psychology instructor Jeanette Fisher. More home selling tips and FREE Ebook “Design Psychology for Selling Houses” http://sellfast.info.
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January 28, 2008
A look at the February numbers for the four county Sacramento area real estate market is encouraging but I have reservations about being overly optimistic. The Sacramento Bee article, “Home Prices Rise in County”, points out, “After five straight months of falling sales prices for Sacramento County homes, values edged up slightly in February, signaling a potential rebound for the regions most populated county.”
DataQuick, the research firm that follows and reports the real estate numbers, indicated all four counties, Sacramento, Placer, El Dorado and Yolo, all saw increases in the median price for sold homes during February.
The sales volume was also up slightly from January to 1,743 homes sold in the area. Although this number is up from January it remains 26% lower than February 2005.
Inventory of homes on the market continued to grow. At the end of January there were 9,267 homes on the market. The number available in February increased to 9,870. A year ago there were only 3,554 homes to choose from. The average number of days on the market for homes sold in February was 58 days compared to last year when it took an average of 37 days to sell.
In some of the local areas, where I have been working recently, the median price increases from last year were almost all positive. El Dorado Hills median price in February increased to $606,500, up 9.3% from last year but down from January. In Rocklin, zip codes 95677 and 95765 we saw price appreciation of 34.4% and 7.9% respectively from last year and both areas were up from last month in terms of price and volume. The three zip codes in Roseville. 95661, 95678, and 95747 all had increases in the median price fro last year and from January. Sales volume was down double digits from 2005 and flat compared to January numbers. Granite Bay, zip code 95748, reported 11 sales, down from last year and January. The median price paid in February for a Granite Bay home was $730,000, down 3.2% from a year ago but up $20,000 from last month. For more detail, take a look at the chart by Zip Code produced monthly by the Sacramento Bee.
The January numbers were “to early to tell” how the 2006 real estate market in Sacramento would shape up and now we have February reports which are a bit more positive than we have seen for the past few months but still don’t paint a very clear picture of what is going to happen this year. If it were just the numbers, I would say some of the local pundits are correct in predicting a “return to normal” after the last five years of double digit increases and bidding wars on anything with a for sale sign in the front yard.
Based on my personal business and talking with collogues the past few weeks, the steam we started to feel building in mid January and early February has been dampened by the last three weeks of winter weather. The rain and cold seems to be keeping buyers inside or at least not driving from the bay area. Right now, I am not feeling as bold as I was last month when I made three positive predictions. Even though I was right about modest growth in the median price and increased sales volume, I was wrong in predicting a slight decrease in the inventory of homes for sale. With the prediction for more rain, I don’t think we are going to see February as the start of a new positive trend for the year. I will predict, when the rain ends and warmer weather gets here, there should be a nice surge in activity as the buyers start getting out and looking again.
Julie Jalone is an experienced professional Realtor serving the need of buyers and sellers of residential real estate in the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties. Some of the communities served by Julie include Sacramento, Roseville, Rocklin, Lincoln and Granite Bay. Julie is a wife and mother living in Rocklin. For more information see her website, http://www.jalone.com, which includes listings, local real estate market analysis, news, resources for buyers and sellers and her daily weblog, “Keep it Real in Sacramento.”
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