Sacramento Home Buyers Need an Edge in Market
Hey, all you Sacramento home buyers, are you ready for the spring market? This is going to be a tougher market than you’ve ever seen in your life to buy a house in Sacramento, but don’t let that little thought discourage you. Unless you’ve been working in real estate full-time with a ton of transactions under your belt, you probably are not prepared to meet the demands that this market is putting forth for you. It is not impossible to buy a house, but you better be working with an experienced buyer’s agent or you might not buy anything at all.
I talk to Sacramento home buyers who often call from a or sale sign or because they spot a home that sold two months ago on an unreliable website, and I try to explain to them that they need to align themselves with a Sacramento Realtor. It won’t be this agent because I don’t work with buyers, but my team members do, or they could pick an agent at another company. Whatever choice, they need to get hopping with an agent. They can’t do this alone. They won’t get a heads up on the best homes for sale, and by the time some of these DIY Sacramento home buyers hear about a home for sale, it will be in escrow.
We have 1,481 homes for sale in Sacramento County right now. This includes all condos and single-family homes. That is peanuts. It is miniscule. We have 1,687 pending (in escrow). It will take us about 3 weeks to sell every home instead of the more healthy 3 to 4 months. I don’t know if Sacramento home buyers skim over housing reports that say inventory is falling and they wrongly think the market is falling when it is not, it is going up. Or why they aren’t more concerned about haphazardly calling an agent here and there to try to buy a home. It won’t happen for them that way.
We used to have 10,000 homes for sale. That number is insane compared to today’s inventory. Yes, at the height of the market in August of 2005, we had over 10,000 homes for sale. We have way more Sacramento home buyers in the market at the moment than homes to sell. Almost every single listing of mine receives more than one offer, some 10 offers. But even so, don’t let THAT discourage you because with the right agent, you WILL buy a home.
So many transactions in Sacramento are negotiated between agents. If you don’t have an agent, you really don’t stand a chance. A buyer’s agent is paid by the seller, not by the buyer, so if you want a home, give us a ring. You can call Elizabeth Weintraub at 916.233.6759, and I’ll pair you with the perfect agent on my team. Just don’t keep calling on homes that have already sold and be disappointed. Don’t keep kicking that can down the street.
If you’ve been writing offers and been unsuccessful, maybe it’s time to think about hiring a more aggressive and experienced buyer’s agent?