Listing Agent Sacramento
Multiple offers are happening. The Sacramento real estate market in 2012 VS 2019 is similar in so many ways. The article below in italics, A Twist in the Sacramento Real Estate Market, was written in 2012 by my partner Elizabeth Weintraub. So let’s now look at my interpretation of 2019. I just sold an investor-type listing; we had 6 offers, all investors. Several were over the list price. The final selling price was 10% over list. This was the same thing happening in 2012. Multiple offers are happening on properties priced to sell. Low-interest rates, too, at 3.75%. Rents are matching purchase price monthly payments.
“This is the reason to be a top listing agent in Sacramento,” was written by Elizabeth over a decade ago. An excerpt from the original publication was copied below, in italics. It had me thinking about what I could add to this interesting conversation.
A fellow real estate agent in Sacramento once told me that she prefers to work with first-time home buyers because they are more grateful than sellers. She said they were totally thrilled to be handed the keys at closing, more so than those who are handing over the keys. They didn’t complain. They didn’t nag her about why isn’t their home selling. I guess she moved up a notch or two in their eyes. And that approach works for her.
Alicante Villas Sacramento condo sale in 30 days earned our team a 5 star Zillow review below from a happy home seller. Sellers who take the time to provide other people with a rating recommendation is always so appreciated. Our team did a great job of selling this condo in just 30 days after another real estate company had failed to do so in 120 days.
“I had listed my condo with a different company and it stayed on the market for four long months. I was getting showings but no offers. I was depressed and desperate. I found JaCi and listed my condo with her. Within a month she found the perfect buyer and within another month we closed escrow. I wished I have listed with JaCi from the very beginning. Highly recommended.”
548 Woodside Oaks APT 2, Sacramento, CA 95825
A home can be on the market a year and get two offers on the same day. Excellent article. This was written by Elizabeth for another publication. Enjoy. –JaCi Wallace
A reader from my homebuying forum on About.com asked me why there isn’t more transparency in real estate. This buyer was in escrow on a short sale when the seller received another offer from an all-cash buyer. That second buyer offered to sell the home to the first set of buyers at a higher price.
The reader put the blame of the housing bubble on agents pushing multiple offers that drove up prices, and implied that listing and selling agents are working together behind the scenes, devising secret plans to get higher prices so the agents can earn more money.
Is it a numbers game when choosing a list price? It can feel like that sometimes but there is a very detailed systematic approach that our team uses. Sellers sometimes pull numbers out of thin air. We then remind them of the appraisal, which needs to match our sales price for a bank to give a loan to the buyer.
Professionals always review the comparative market analysis and go from there. The numbers do not lie, so they always tell the story. If you need help choosing a list price and are interested in selling, please call Weintraub & Wallace Realtors. We can be reached at 916-233-6759.