In some of the purchase offers I receive for my listings in Sacramento, I often spot the telltale sign. That is the sign of the long-suffering and would-be Sacramento home buyer: an earnest money check dated in the summer of 2012. That's how long some buyers have been searching for a home in Sacramento. They have been writing offer after offer and not getting any offer accepted. They are pushed over and passed by in favor of cash offers or conventional financing deals that exceed 20% down and carry no appraisal contingencies.
We have a really tough real estate market in Sacramento because our inventory is so low. That produces multiple offers and crazy offers. Yesterday, we had more than 100 buyers come through a two-hour open house in Elk Grove. So far, we have about 30 offers. So, what do you if you can't buy a home in Sacramento? I have a solution and way to end up buying a home.
Read more on my personal blog today: If You Can't Buy a Home in Sacramento.
Comments (5)Subscribe to CommentsComment