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.
You should have heard my jaw hit the floor when I first saw the latest numbers from the December 2020 Sacramento housing market update. Maybe I should grow a beard to pad the jaw a little or start wearing a football helmet with a buckled-in chin strap because I sense that the fireworks will continue for the foreseeable future in the Sacramento-Roseville-Elk Grove area. Let’s be real; everyone sees that for the foreseeable future. Please pick up a magazine or click on Google and check it out.
“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.
Agent confidential remarks in Sacramento MLS is the best-kept secret because many agents do not read them. Why do you ask? Well, the idea is the comments are not for public viewing. They might consist of an alarm code, information about offer submission, whether someone died in the property, and so on. Metrolist only lets agents put marketing comments in the MLS for the general public. We cannot insert disclosure comments or title company information and, of course, tenant information is not on public display.
Repair requests between Sacramento Realtors are how the process starts. A buyer’s agent starts the inspection reports for the buyer. Then the reports are reviewed by the buyer and the buyer’s agent. They create what I call a hit list but it is formally called a request for repairs. This request can be as little as smoke detectors to be installed to asking the seller to fix everything in the home inspection request.
The request is sent to the Seller’s agent. It is then reviewed by the seller. The seller is under no obligation to repair anything. In a seller’s market, a buyer would be wise to ask for very little. The negotiations now begin. Repair requests between Sacramento Realtors can make or break an escrow.