Finally, builders in Sacramento County have come back and are building homes again.
This is welcome news since our inventory is so low. We need listings, and with new homes co
ming back, there will be more for buyers to choose from.
I know that here in Sacramento County, some builders who had tabled projects that were planned when the economy tanked are now back to selling new construction either by selling lots on which specific plans have been approved, or by building the homes and selling them finished.
I am just closing escrow on a sale in which my clients are buying a lovely brand new home in a project that had stalled and is now picking up steam. They are the nicest people and we had looked in several communities and neighborhoods for resale homes, but either there were multiple offers already in before we could tour them or they were dilapidated or had some other major issue.
Then we looked at the new Lennar homes at Kavala Ranch in Rancho Cordova and voila! We found the perfect home for them - in fact it was the same floor plan of a resale home they had wanted, but which went into foreclosure before they could buy it.
I spoke with the construction supervisor yesterday to ask him about Lennar's expansion plans in Kavala Ranch, since Lennar owns plenty more land there, and he says he is as busy as can be with the homes they are building, those on which they are about to break ground, and the new lot sales where the buyers are in the process of making some final decisions. He's a great guy and has a full handle on the project, and I feel that he and all of the folks at Lennar have made this a wonderful transaction to handle.
So don't hesitate to show your buyers those new builds. Let's encourage them to keep building! According to an article I read on line, the new starts are the highest in four years, and that is good news!
The contracts will be a bit different, but they contain all of the same info - just in a different format, and usually a lot more pages. A buyer of a new home should have a realtor to help them decipher all of the paperwork and make sure they get what they want.
Just keep in mind that the only way a buyer can have his own agent representing him in a new home transaction is if the agent is the one who registers them, and usually that means the agent must accompany them the FIRST time the buyer visits the project.
Thinking of selling your home? Remember it costs you nothing for me to come out and discuss your home, the market in your area, and give you a market analysis and presentation so that you will know what you can expect to get for your home.
Call for appointment: (916) 705-8951Also Remember, I can help you to tour any home for sale in Sacramento County and the surrounding areas, no matter what firm has it listed, and I can help you with your purchase if you find the perfect home for you.Just give me a call at (916) 705-8951
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Susan Neal
Broker / Realtor
Susan Neal Fine Properties
Century 21 Noel David Realty
Fair Oaks, California
Full time real estate services in Fair Oaks CA, with friendly professionalism, 30+ years experience.
I work hard to give my buyer or seller a low-stress transaction.
"Happy clients make me happy."
For all your real estate needs or questions, call me at (916)705-8951 or visit my website at www.SusanNealFineProperties.com.
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5 Comments on Finally, builders in Sacramento County have come back and are building homes again.
This is indeed good news, Susan. It must be helping your area greatly to have new inventory to sell.
Jane - It is good news, but buyers may have to adjust their time schedules if they have to wait for months for their new home to be built if they buy when it is just a lot.
William - Election or not, that is always true. The real estate market can't fix itself. It is dependent on people wanting to buy homes and others wanting to relocate. The consumers in our area are clamboring for homes, and all we need to make this market completely crazy good is to get more sellers. A complete reversal of what it was a year ago.
I love the sound of new construction! Glad you found your buyers the home of their dreams!
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