Tag Archives: sacramento real estate market

It’s a Good Time to Sell!

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Believe it or not, this really is a good time to sell.  The inventory is at record lows in the Sacramento area.  There are more buyers than homes on the market, so homes are going very quickly.  I am seeing 10 to 20 offers on homes within the first few days of the listing date.   You might think this is only true for homes price at or below $300,000, but this is NOT the case.  My partner and I had a listing in Roseville recently.  The home was listed at $555,000.  At the end of day two we had 20 offers, so we had to tell the buyers agents that we were not accepting any more offers.  When we asked for everyone’s best and final offer, we received counters back at a higher offer price even though they may have already been above list price in the original offer!  This home was not even a traditional sale, it was a short sale.  Another agent in our office had the same thing happen recently with his listing in Loomis which was priced in the low $700,000’s.

If you have been contemplating selling your home, this is a great time to go for it.  I am not sure how long this window of opporotunity will exist.

Feel free to contact me with any questions.  I would be happy to provide you with a complimentary Compartive Market Analysis on your home.

Sheri Negri
Better Homes & Gardens Real Estate
925 Highland Pointe Drive #140
Roseville, CA 95678
(916) 606-3210

Sheri@LoveForHomesSac.com

But I Thought It’s a Buyers Market

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Although there are unbelievers out there, we really are in a seller’s market right now with below-average level of for-sale inventory.  There are more buyers out there than properties, so we realtors are all showing the same homes and competing with one another.  I am seeing anywhere from 8 to 15 offer come in within days of the listing.  As a buyer it is important to ensure your agent is showing you property as soon as it’s listed so that you do not miss out on any opportunities to put in an offer on a home.

Educating our buyers becomes extremely important in a seller’s market.  Most homes are priced aggressivley to sell (mainly distressed properties), so putting in an offer at list price isn’t going to get you the home.  In most cases buyers will need to offer above list price to get the home (especially if they are asking for concessions).   If buyers need 3% credit for reoccurring and nonreoccuring closing costs, the offer should include at least 3% higher than list price and even more to be the winning offer.  Of course, comps will need to support the offer amount for appraisal purposes.

Sheri Negri
Better Homes & Gardens Real Estate
925 Highland Pointe Drive #140
Roseville, CA 95678
(916) 606-3210
Sheri@LoveForHomesSac.com