Short Sales in Sacramento Decline as Equity Sales Rise

By
Real Estate Agent with RE/MAX Gold DRE #00697006

short sales sacramentoYou're probably not seeing this phenomenon yet in the real estate stats for Sacramento, but I'm telling ya that short sales are declining and equity sales are rising, and you can take that to the bank. I analyzed MLS a few days ago to see how many short sales were available and there were fewer than 10% of all the homes for sale in Sacramento. But I am also spotting it in my own real estate business.

I'm talking with sellers, looking at the comps, thinking that yes, they could do a short sale, but there might be a way to sell with equity. Other agents give me a hard time about it, but I am selling homes that might have been considered a short sale by another agent as an equity sale when sold by this Sacramento real estate agent.

Read more in my personal blog today about Rising Home Prices in Sacramento Knock Out Short Sales.

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Weintraub and Wallace Realtors

 

 

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

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 RE/MAX Gold. 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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Tags:
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Rainer
403,840
Dan Hopper
Keller Williams Realty Downtown LLC - Denver, CO
Denver Realtor / Author / Advocate/Short Sale

Hi Elizabeth, we were just reviewing the foreclosure notices for Jefferson County in the Denver area.... and are noticing about 45% LESS of foreclosure notices this year compared to last year at the same time.  SO, that aspect is good, yet, we know that a lot of homeowners are still hainging on with LESS equity to refinance and to sell. 

Mar 21, 2013 01:37 AM #1
Rainmaker
1,431,210
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

I am seeing more equity sales too, but I have not run the numbers.  There are still a number of short sales.  

Mar 21, 2013 03:10 AM #2
Ambassador
3,084,795
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Definitely seeing the same thing in Bristow and Gainesville, VA.  There are more and more circumstances where sellers are breaking even or even making money, where last year thet would have been upside down.

Mar 21, 2013 06:42 AM #3
Rainmaker
2,887,411
James Dray
Fathom Realty - Rogers, AR
Exceptional Agents, Outstanding Results

Morning Elizabeth I knew if there was an angle you would be the one to figure it out.  Have a great day

Mar 21, 2013 08:02 PM #4
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