sacramento real estate
Metrolist Sacramento MLS pending sales March-May 2020 is a clear snapshot of the current surge in pending sales. Clearly, May 2020 forward shows increased buyer confidence. We would customarily see an uptick this time of year; however, Covid19 has some buyers nervous about home buying. Many buyers we talk to are surprised when they see the reports like this graph. If they are out shopping, they know as buyers are only allowed two at a time, so buyers are waiting outside in a line on some listings. The above market snapshot is a good example of simplicity and EZ to follow. The inventory is increasing slowly, but not by much.
It takes a village to close a Sacramento escrow is a blog previously written by Elizabeth Weintraub. I have included an excerpt in italics below as this is a broad stroke topic that deserves more dialogue.
Before the escrow begins we have the title officer order a Preliminary Title Report. We order the natural hazard report. Next, our pest and roof report. To sell a home as-is, for me, if the reports are upfront, then they know what they are buying. I’ve always practiced real estate this way for 25 years and it has never been a problem. Let me say though that this is not the only way to practice. Some agents order no reports and, in fact, do not want to know anything and that is just as correct. It’s all a matter of the path you feel confident using.
How do Sacramento appraisals work? Appraisals are something that is always interesting to talk about. This excerpt below was provided from a blog, which Elizabeth wrote some years back. It got me to thinking about the various appraisal challenges we have had. A great subject to write about today for our blog.
One of the actions we take to assist with the appraisal process is to provide the comparable sales that support our list price. When our listings go pending we change showing instructions to not reflect a lockbox. This ensures the appraiser calls us to get in so they can’t enter without us. As if they can get in and out they may leave with very little information and then a low appraisal. Additionally, we provide the appraiser all the upgrades and features that support our list price. Many appraisers want to bring the value in however, without the added information we provide the appraisal can come in below the sales price. What does a low appraisal mean to a seller? A topic for another blog, the impacts of a low appraisal in escrow.
Will discount internet real estate brokerages replace local Realtor experts? We recently took a listing as a seller found us online. She had previously been on the market three months. Poor seller made the mistake of hiring a discount internet Realtor.
She said they told her to buy a vendor combination key box, and she made flyers and showed the property. The property sat for these months while the seller made three house payments, paid HOA fees, utilities and maintenance costs. These ongoing expenses were triple the amount she potentially would have saved. If a property doesn’t sell with a discount brokerage, it doesn’t mean much. Happens a lot.
The last Sacramento Sunday in June is fast approaching. The summer weather is upon us, and with it comes the constant need for air conditioning. The vegetable gardens are now in full swing after a slow start. A summer real estate market is bustling, and there are some excellent properties available.
This is a perfect time to list your home. The sky photographs so beautifully blue with the bright sun. The flowers are budding in brilliant colors, and the pastures have turned into fields of honey wheat. The photographs of the new listings are stunning, but then that’s another blog. A Sacramento Sunday is always busy with open houses, presenting offers, emails, phone calls and marketing. As one week closes a new one begins and there is such excitement looking forward to the possibilities of the new week.