Closing escrows on homes in Sacramento lately has not been easy, but they are closing. Repairs have been complicated as have the requests for repairs. During Covid19, some buyers are asking for repairs. Depending on the property, some sellers with motivation to close are being more patient by offering to complete some repairs and / or offer credits.
Of course, credits are the preferred way for a seller; however, some things cannot be fully diagnosed without opening up the ground, such as a septic inspection and repair in Sacramento rural real estate. Also, pest inspections requiring further inspections can go on and on without fully definitive answers.
The February 2020 Sacramento Area Housing Report, everyone is talking about it. Wall Street is in meltdown, toilet paper doesn’t exist at Costco and my friend just in a panic bought three firearms. Whoa! The majority of us are handling this current COVID-19 virus pretty well. Others, are of course being impacted on a variety of levels. There will always be different ranges of reactions. When isolated, it is often challenging to know the reality of the housing market. This blog serves to be a source of information. So let’s talk about interest rates. Yes, they spiked up slightly (still under 4%) a week after they dropped to a record low 3.13%. This is in part to a backlog of loan applications (up 55%) that lenders cannot keep up with.
Hello, Sacramento summer and temps of 95 degrees plus. The heat is upon us. Keeping animals watered and plants hydrated as well as our drinking water every hour is so important. Working outdoors in the heat today I started feeling very tired with a serious lack of energy. I realized I was dehydrated so I immediately stopped at the store and bought a couple of bottles of water and began to drink. Within 30 minutes I felt like my old self.
Sacramento is known for hot temperatures thank goodness the evenings include delta breezes. The hot temperatures did not stop open house traffic. We had 3 team open houses today and all had good traffic, over 50 groups. 95 degrees buyers are still out looking. Dedicated home shoppers will look no matter what the temperature. When we say hello Sacramento summer that means good news as this signals home-buying season.
June open houses on Sundays can be a bit quieter the weekend before the Fourth of July. Our team holds several open houses on Sundays and today was no exception. Opens were steady in Land Park, Rancho Cordova, Rosemont, Sacramento and Gold River. All were attended with 4-7 visitors except Gold River, this community had well over 35 people through. Buckeye Court was very popular today.
Sundays are often the best days to meet new people and sell real estate. June open houses are always worth the preparation. Our sellers appreciate our efforts as it only takes 1 person to buy a property. An escrow is always entirely possible. So many agents were away today as the visitors told us their agents were out of town today. Our team was right here in Sacramento working away.
Garage clean up days in Sacramento county are exhausting, to say the least. My sister Cathie, and brother-in-law, Greg, worked all day yesterday taking everything out of our garage and piling it all onto the driveway. They cleaned the interior floor, dusted and mopped, then took down cobwebs. I had multiple real estate appointments yesterday, so when I arrived home at 8:00 PM, the front blacktop was covered with stuff. The picture above is after two days of cleaning, purging, recycling and shredding.