best real estate practices
Writing multiple offers in Sacramento is a very timely blog post written by our very own exclusive buyer’s agent, Josh Amolsch. Enjoy. — JaCi Wallace.
These multiple offers are happening almost everywhere in the greater Sacramento area currently. Inventory, along with interest rates, is extremely low. What’s a buyer to do? Seek the advice of an experienced Realtor with local expertise. Try different strategies that take into account the specific needs of the seller.
How about changing what you are looking for? Look for properties that are overpriced and have been on the market while; these sellers may be motivated. But what about writing offers on multiple homes at once? It seems like a sound strategy, right? As a buyer recently told me, “I don’t want to sell myself short.” Well, I had to tell him that wouldn’t be happening, at least not with me as his Realtor. Yes, I would let go of a buyer who would ask me to transform into that shady agent no one likes.
Request an appraisal waiver when purchasing a home, can help you win in this competitive market. I was showing my sister homes and we had lost on a previous offer to cash. We found another property and they had to write an offer well over the list price. They called their lender to ask if the appraisal could be waived. We were not in contract yet. My sister was putting 20% down and having to make up the price difference between offer and list price. They called their lender and asked to run the automated loan approval with an appraisal waiver.
Sacramento real estate and the election are always are high on the list in people’s minds during the fall of an election year. Some people say they will hold out on making a buying or selling decision as they feel the market prices could fall dramatically, depending on who is chosen as the President.
There will always be a high demand for a place to live in the USA. In the greater Sacramento Valley of California, our current real estate environment has not had enough home inventory for years. New homes are the only way to add inventory, and they are slowed down due to covid.
The true cost of waiting to buy a home in Sacramento, as written by our fantastic lender, Dan Tharp, with Guild Mortgage., Enjoy. — JaCi Wallace.
I know shopping for a home today is hard work and very frustrating at times. Inventory is low, and demand is high – It may take many offers, and a few tension-filled bidding sessions, before you land that home. Buyers can quickly get discouraged and say, “I am tired of this. I am just going sign a new rental lease instead and try this again in 6 months to a year”.
I sold my house and need to move out in a week happens more often than you might think. This happens to people we sell homes for when we receive a cash offer with a 10-day close of escrow. Many times sellers will say no as they believe it is impossible to move out in a week.
The question is can two people empty out a house, clean it, hand over the keys and exit in fewer than 7 days? Most people feel moving in a month’s time is difficult. What’s interesting is that my friends recently moved out: lock, stock and barrel in a week. They planned out what they were going to keep, what they were going to sell, and what they would donate.