sacramento real estateIt'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.

Read more about A Twist in the Sacramento Real Estate Market.

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Elizabeth Weintraub is an author, home buying columnist for About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.

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Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice. It could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

 

 
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2 Comments on Turn of Events for Sacramento Real Estate

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I would definitely say that those over market offers from cash buyers is a major sign that the Sacramento home values are on the rise.  Woo-hoo!
10:23am • #1
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671,271 Points 8 Featured Posts Outside Blog Hit Router Called Shot Master

Morning Elizabeth you said it when you wrote People forget that when you are comparing 3 homes, the median price is always the middle.  There is nothing left to say
3:32am • #2

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Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, East Sac, Lyon RE

Sacramento, CA

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Address: 2801 J Street, Sacramento, CA, 95816

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Broker-Associate at Lyon Real Estate, midtown Sacramento. Selling since 1974. Home Buying Guide at About.com. Sacramento short sale agent.
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Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying guide for About.com, a Land Park resident, and a Land Park agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully closes short sales throughout Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you.

 


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