It’s been a crazy week of running to the north end of the county, shuffling my way thru traffic on 99 South to Elk Grove, and returning back out to Granite Bay….all in search of the elusive “accepted contract” on behalf of Real Estate buyers.
My buyers are smart though. They are, as the kids say, “down”. One buyer wrote a market value offer on a wonderful home– upgraded with Travertine floors, Stucco exterior, and Granite counter tops–only to be told by the listing agent, that the seller would respond next Tuesday. We put the offer in on Thursday, mind you, and the seller is going to respond the following Tuesday!!! My buying client, undaunted, returned to home touring and offer writing, and picked another house to purchase.
An investor client who smartly buys rentals, knows the market isn’t quite ready for flipping yet. He has an offer on a short sale, but the lien holder wants 15K more than the condo will appraise for. While that point is being argued with the negotiator, the investor put in offers on two more homes.
I think somebody is buying something….soon. As my manager said, ‘this market just keeps getting crazier’.
In June of 2012 there were 1678 homes on the Sacramento Real Estate market, 1639 escrows closed. In June of 2011 there were 4436 homes on the market, 1763 escrows closed. Things have changed quite a bit!
My buyers are smart, they make market value or better offers, and they move fast to tour, to write offers, and they are not gathering any moss, that’s for sure!
Need some help selling or buying? Give me a call, or send some mail, and good luck to you!