short sales in sacramento
This Natomas Realtor loves the Beazer-built homes in the Riverdale HOA in Sacramento, and so will you. Most of these homes were built from 2006 to 2008, so they are much newer than other parts of Natomas. Not only are they newer, but they are more affordable, with prices ranging in the $220,000 to $270,000 range, depending on square footage, amenities, location and condition. The Riverdale HOA clubhouse is shown above. When I was there shooting photos, I noticed the HOA has just drained the pool.
If a Sacramento short sale goes to foreclosure, odds are it is not the bank’s fault, like most people believe. When you spot that sign falling over in the yard of a short sale because that sign has been there for a year or longer, it’s probably not the bank that is keeping the sale from going through. Sure, there are situations in which banks swap out negotiators like flicking dead fleas off a dog, and that can delay the short sale process, but most of the time, it is not the bank.
The reason a Sacramento short sale goes to foreclosure is typically not the seller’s fault, either. Responsible sellers choose to do a short sale over a foreclosure because they want to do what is best for their family. I can think of zero situations in which a foreclosure beats a short sale for a homeowner. Foreclosures more severely affect credit ratings and hamper a person’s ability to buy another home.
The short sale buyers who purchased my seller’s home in Antelope really lucked out on a terrific deal in several ways. As the top Sacramento short sale agent, of course I represented the sellers. The buyers were represented by someone else. We went on the market at the end of March, yet it took us 3 weeks to get an offer for this short sale. Even in a limited inventory market, there were still other homes in Antelope to buy that could close right away, so many buyers passed by this gem. Few want to look at short sales when there is an abundance of regular homes for sale.
Unlike the hey days of pre-2012 in Sacramento, we are not seeing a lot of short sales in the area anymore. About 4% of all the listings in Sacramento County at the moment are active short sales, as compared to about 75% a while back. Having a small percentage of homes for sale that are underwater is good news for just about everybody, though, except that short sale seller who needs to sell her home.
In case you’re wondering, and I suspect you probably are, my own caseload of short sales has dramatically decreased, but I still manage to sell and negotiate a large number of Sacramento short sales. I thought the number was much smaller than it is, but so far this year almost 1 out of every 4 sales I’ve closed has been a short sale. It means I am still pulling in a huge chunk of the short sale business and most likely continue to rank as the best Sacramento short sale agent in town.
Just about every time I go to Ella Dining Room and Bar in downtown Sacramento, I try to capture the Light Rail going by. It wraps the restaurant, from K Street around on 12th, and it’s such a lovely view. Not that I would want to live anywhere near the Light Rail nor look at it every day, mind you, but for an evening out downtown, it lends that exciting, raw urban atmosphere, an element to the environment at Ella that stimulates and, if I pause for just one moment can make myself believe that I am not in Sacramento at all but instead am on vacation somewhere in Europe.