It's finally happened in my world in the Sacramento real estate market. I've been watching, watching, watching, and up until now have not seen it. Oh, I've read the reports that show the median sales price inching upward but that doesn't mean a whole heck of a lot in the overall scheme of things. Prices can easily fluctuate, especially on a per-square-foot basis, from month to month. Some of it is seasonal. Some of it depends on inventory numbers. People forget that when you are comparing 3 homes, the median price is always the middle.
I am also seeing a big influx in the LLCs as buyers. As an agent who closes a ton of Sacramento short sales, the trend is many short sale banks reject the LLCs. I imagine it's much more difficult for a buyer's agent who represents an LLC to get short sale offers accepted. I've had negotiators tell me point blank not to send in an offer from an LLC. Will that change down the road? Most likely. But this new twist is something totally different, something I've been waiting for, and it's finally happened to this Sacramento real estate agent.
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