Now is the time to sell your home in the Sacramento CA area!

By
Real Estate Agent with RE/MAX Gold, Fair Oaks

Now is the time to sell your home in the Sacramento CA area!


I have written about the change in the market in the Sacramento CA area, but I still hear people on the news and consumers that I talk to who believe that we have not yet reached the bottom of the real estate market.  These folks claim that it is a bad time to sell.  Wr
Very few homes for sale = higher return for sellersong!

I have many buyers, as do most agents that I know.  What is lacking is sellers.  There is such a small inventory that every well-priced home is receiving multiple offers and they are selling fast - really fast.

If you are thinking of selling your home, consider doing so now, while the inventory is so tight that buyers will be fighting over it and the price will likely be higher than it would have been just a few months ago.

There are t
wo additional factors that make selling now a good idea.  First, we now have interest rates that are the lowest we've seen in 60 years!  This means that buyers are eager to buy because they fear that the rates might go back up.  And the low rates means they can qualify to buy a more expensive house.

And don't forget that if you will be buying another home after selling yours, you will also be able to take advantage of the lower rates and buy your new home before that
home prices go up too much.

Also, people keep talking about the "shadow inventory", meaning the properties held by the banks after foreclosure but not yet offered for sale, and the homes that are in serious default but have not yet been foreclosed on.  The media keeps reminding us that those homes will be flooding the market soon and this will depress prices again.

This might or might not wind up being a factor in the Sacramento area.  Believe me, I would welcome more homes coming onto the market so that my buyer clients will have more from which to choose.  However, most of the shadow inventory in the country is not in California
.

Foreclosures are handled differently here than in many states.  Altho
Very few homes for sale = higher return for sellersugh many here speak of "mortgages", we do not generally use mortgages here.  We use trust deeds to secure home loans, and the trustee forecloses without having to go to court, so it is a less expensive, quicker and simpler process.

Consequently, we don't have the huge backlog of foreclosures that other states may have.  In fact, the most recent reports indicate that the rate of foreclosures is down in California and banks report that they are not stockpiling large numbers of such properties.

If this is true, then inventory will likely remain low for awhile, lenders tell me that interest rates will probably remain low (remember, a few years ago we thought 6% was very low and now many are getting interest rates below 4%), and that can only mean that there may continue to be more buyers than there are homes for them to buy.

Almost overnight it appears that we turned from a buyers' market to a bit of a sellers' market.  If you want to sell, do it now while this condition remains.  Now is the time to sell your home in the Sacramento CA area!  Call a realtor to find out what the market is like in your neighborhood.

Thinking of selling your home?  Remember it costs you nothing for me to come out and discuss your home, the market in your area, and give you a market analysis and presentation so that you will know what you can expect to get for your home.

Call for appointment:  (916) 705-8951


Also Remember, I can help you to tour any home for sale in Sacramento County and the surrounding areas, no matter what firm has it listed, and I can help you with your purchase if you find the perfect home for you.

Just give me a call at (916) 705-8951

***********

Susan Neal
Broker / Realtor

Susan Neal Fine Properties

Century 21 Noel David Realty
Fair Oaks, California

Full time real estate services in Fair Oaks CA, with friendly professionalism, 30+ years experience. 
I work hard to give my buyer or seller a low-stress transaction.

"Happy clients make me happy."

For all your real estate needs or questions, call me at (916)705-8951 or visit my website at www.SusanNealFineProperties.com.    

HUD homes resource             Search HUD Homes

Check out my business page on facebook:  Susan Neal Fine Properties

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*******

Thinking of selling your home?  Remember, it costs you nothing for me to come out and discuss your home, the market in your area, and give you a market analysis and presentation so that you will know what you can expect to get for your home.

Call for appointment:  (916) 705-8951


Also Remember, if you are planning to buy a home, I can help you to tour any home for sale in Sacramento County and the surrounding areas, no matter what firm has it listed, and I can help you with your purchase if you find the perfect home for you.

Just give me a call at (916) 705-8951

***********
Susan Neal
Broker / Realtor

Susan Neal Fine Properties
RE/MAX Gold
Fair Oaks, California

Full time real estate services in Fair Oaks CA, with friendly professionalism, 30+ years experience. 
I work hard to give my buyer or seller a low-stress transaction.

"Happy clients make me happy."

For all your real estate needs or questions, call me at (916)705-8951 or visitmy website at www.SusanNealFineProperties.com.    

HUD homes resource            Search HUD Homes

Check out my business page on facebook:  Susan Neal Fine Properties

 

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Show All Comments
Ambassador
515,220
Lynn B. Friedman
- - - Concierge Real Estate Services for YOU - - - Providing SERVICE for Sellers & Buyers is our BUSINESS - Atlanta, GA
REALTOR ATL BuckheadMidtownWestside 404.939.2727

Dear Susan -

Exactly the same here in Atlanta - several places -- a short 12 days on ACTIVE and gone!

The home inventory shrinks! I have an eager Job-transfer Buyer now. Each morning I scour the data to see if I can find ONE more possibility to show them!

Have a happy day -
Lynn

Jul 16, 2012 09:35 PM #1
Rainmaker
582,897
Susan Neal
RE/MAX Gold, Fair Oaks - Fair Oaks, CA
Fair Oaks CA & Sacramento Area Real Estate Broker

Hi Lynn - I know what you mean.  It's really hard to find what my several buyer clients want.  I just keep hoping people will get the word that they can stop waiting for the market - it's really good for sellers right now.

Jul 16, 2012 10:04 PM #2
Rainmaker
1,239,862
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

You bring up some very good points Susan. I think if someone were considering selling their home in Sacramento, it would make sense to at least give you a call to discuss the market today.

Jul 17, 2012 12:22 AM #3
Rainmaker
497,039
Cal Yoder
Keller Williams of Central PA East - Lititz, PA
Homes For Sale in Lancaster PA - 717.413.0744

Susan, I just met with buyer/seller's last evening and this was part of our discussion. There interest rate is over 6% and paying a large amount of mortgage insurance. Now is the time to move forward.

Cal

Jul 17, 2012 03:02 AM #4
Rainmaker
889,404
Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Great call to action, Susan.  The inventory is low all over and now is a great time for sellers to consider putting their homes on the market.  Buyers are out there.

Jul 17, 2012 12:49 PM #5
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Rainmaker
582,897

Susan Neal

Fair Oaks CA & Sacramento Area Real Estate Broker
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