Sacramento Real Estate Views

How To Get Your Offer Accepted!

Results of Sold Homes Survey in North Natomas

I’ve got a buyer who I just love working with.  As much as I like he and his girlfriend, they are depending on me to get them into a home for the holidays.

This used to be a pretty easy task.  You find a home, write an offer that’s attractive to the seller and off you go to escrow.

Now, not so much!

Dramatically Low Inventory Levels

As the foreclosure crisis churns on and banks are releasing fewer of the foreclosures to the open market for whatever the reason, the number of available homes for sale has decreased dramatically in the last year.

This has created a fiercely competitive market for buyers and sellers are, again, enjoying getting their listing prices as high as appraisers will allow them to go due to multiple offers on almost every home.

Days on market, depending on the area and price range, has declined as well.

The declining amount of homes for sale is why you’re currently having trouble getting your offer accepted.

Agents are communicating with each other only to the extent of “give us your highest and best”.

Beyond that, mum’s the word.  As a result, it then becomes a mystery has to how to structure an offer that gets accepted.

Until now!

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Tags: homes for sale in sacramento

Sacramento Region Homes for Sale – April

Inventory Increases

The total number of homes for sale in the Sacramento region including El Dorado and Placer counties increased 3.5% in April over March.  This spike in homes for sale is normal for the time of year when more homes typically come on the market.  If history tells us anything, the total number of homes for sale should increase or hold steady over the next few months.

The number of homes for sale in Placer County increased 8.9% in April over March.  While a more significant increase, this is normal for the time of year.  Call it a “seasonal” increase.  Additionally, loans at the higher price points have been a bit more difficult to obtain thus it’s taking a little longer to get those homes sold than it used to.

This increase breaks the 3 month decline in the number of homes for sale in Sacramento County.  Depending on what the banks do with the “shadow inventory” (homes available for sale but not on the market) inventory levels may stay reasonably stable.

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Tags: homes for sale in citrus heights, homes for sale in rocklin, homes for sale in roseville, homes for sale in sacramento