As you may have noticed, more and more homes are flying off the market before they are even listed. Yes folks Sacramento and its surrounding counties has returned back to a all too familiar site before the economic downturn rocked the United States into financial complacency.
Just in case you are wondering what i am referring to, I am talking about that good ole Sellers market. The characteristics are all there.
- High Demand
- Low Inventory (Less than six months)
- Homes selling for above asking price
- Increasing median sales prices
- For Sale signs are replaced with pending or sold signs within a few days.
What does this mean for you the homeowner? What this means to you is if you were to list For Sale today especially in a highly desirable area, the negotiating power is in your favor and there is a good chance that you will create a bidding war between hungry buyers whose only desire is to own their own home. Another perk is that in the midst of all of the buyers who are financed through a financial institution you may even be approached by a cash buyer who offers the potential advantage of expeditious closing time.
So with this being said its safe to conclude that due to possible sales in your neighborhood, It would be wise to look into the value of your home. The competition is as fierce as it has ever been in the Capital region. So to all homeowners who have been curious about how much they can possibly get on the market, I offer this simple gesture ....... Welcome to Life in a Sellers Market.
Blessings to all
Your Friendly neighbor... Real Estate Dre.....
Interested in finding out your value or if you know of anyone looking to sell, Contact me today to schedule a listing presentation.
Andre Breaux
DRE# 01927537
916-335-8050
Keller Williams Realty
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