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.
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