Turn of Events for Sacramento Real Estate

By
Real Estate Agent with Lyon Real Estate BRE #00697006

sacramento real estateIt's finally happened in my world in the Sacramento real estate market. I've been watching, watching, watching, and up until now have not seen it. Oh, I've read the reports that show the median sales price inching upward but that doesn't mean a whole heck of a lot in the overall scheme of things. Prices can easily fluctuate, especially on a per-square-foot basis, from month to month. Some of it is seasonal. Some of it depends on inventory numbers. People forget that when you are comparing 3 homes, the median price is always the middle.

I am also seeing a big influx in the LLCs as buyers. As an agent who closes a ton of Sacramento short sales, the trend is many short sale banks reject the LLCs. I imagine it's much more difficult for a buyer's agent who represents an LLC to get short sale offers accepted. I've had negotiators tell me point blank not to send in an offer from an LLC. Will that change down the road? Most likely. But this new twist is something totally different, something I've been waiting for, and it's finally happened to this Sacramento real estate agent.

Read more about A Twist in the Sacramento Real Estate Market.

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Certified HAFA Specialistelizabeth weintraub

 

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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California Sacramento County Sacramento
Groups:
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Posts to Localism
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Tags:
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Ambassador
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Chris Ann Cleland
Long & Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern VA

I would definitely say that those over market offers from cash buyers is a major sign that the Sacramento home values are on the rise.  Woo-hoo!

Sep 08, 2012 10:23 AM #1
Rainmaker
1,004,372
James Dray
Wise Custom Realty - Bentonville, AR
AR., MO., or OK. I can find the home for you.

Morning Elizabeth you said it when you wrote People forget that when you are comparing 3 homes, the median price is always the middle.  There is nothing left to say

Sep 09, 2012 03:32 AM #2
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Rainmaker
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Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents

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