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West Sacramento Wake-up call!

Real Estate Broker/Owner with Capital West Realty, Inc BRE# 01717774

How things have changed in the West Sacramento real estate market! We are now training buyers on the realities of how to purchase a home with very limited inventory. .6 months of homes available now and Low-ball offers are not even considered, as the discussion is now "How much over the asking price should we offer?" Multiple offers for properties that hit the market are all too common now and it is challenging to get your buyer into the lead position on the bidding.

You need to pay close attention to the sold comparable homes in the same neighborhood because even though you may want to pay well over the listed price, the appraisal industry still seems to feel that this is a declining market and will keep the appraisal value down below any other sold comp, regardless of the condition of the home you are actually bidding on. This can be viewed as protection for the buyer (and the lender), but does nothing for the seller or the other neighbors in the community.


Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Afternoon Marty

Thanks for the post and good news. Have a great day

May 10, 2012 02:59 AM

This market has all of the signs of having already turned around. As I've always told my clients, there will not be a bell ringing when we hit bottom. You will only know after it has already passed.

May 10, 2012 03:20 AM