Here’s what’s going on in our current Sacramento real estate market.
The real estate market in Sacramento is currently the most active I’ve ever seen. This isn’t the 2008 to 2009 bubble either; loan standards are very high right now—this is true buyer demand. Last year there were 3,296 active homes for sale in our area, and now there are only 1,464.
If you’re considering selling your Sacramento area home this summer, you’ll likely get the highest price ever. Just these past 12 months, in Sacramento and surrounding counties, we’ve seen an average sale price increase of 21% to 25% while inventory has fallen 55%. I have several homebuyers willing to pay whatever it takes to get into a larger home and appealing location because they’re working from home. I may be able to arrange an off-market sale so you can skip strangers walking through your home but still get full market value.
Check out what your home might be worth in the present market using my website’s home value calculator. That’ll give you an idea of what your home would sell for based on your neighbor’s recent home sales. Then if you’re interested in selling, call me, and I’ll come in and provide a more accurate price.
The main concern I’m hearing from potential sellers is, “Where will I move to if I sell now?” I have the solution to this problem, and few people know about it. We work with a vendor who can likely get you a “bridge loan.” For a few thousand dollars in interest (which is very well-spent), you can get cash upfront to buy your next home without having to sell your current home first.
Yes, it’s possible to sell your house after buying these days. This will allow you to make an all-cash offer that could beat out every other buyer who’s subject to getting a mortgage and skip the hassle of timing your closing dates. Simply move into your new home, then we’ll sell your old home. This is what extremely wealthy people do, and now it’s possible for you too.
We can also buy your home and let you stay in it while you look for your next home. Whatever works best for your circumstances is feasible right now.
Give me a call, drop a text, or send an email if you’re thinking about selling your home or want to learn more about what we can do for your situation. Stay in touch, things are looking up after such a wacky year.
