Saturday and still talking short sales

This has been another busy week of dealing with short sales and lender negotiators so I am using Saturday to catch up a bit on my blogging. I just published my weekly column over at Rocklin & Roseville Today, “Getting Short Sales Done in Sacramento.” Check it out if you want to get a small taste of what it takes to negotiate a successful short sale.

We are continuing to be busy at MagnumOne Realty and are dealing with a nice group of buyer and seller clients. The market for homes priced under $300,000 is very active. Homes in that price range which show well are very hard to get into contract if you are representing the buyer. More often than not, they are getting multiple offers and being sold over the asking price. One of our agents who was showing homes priced around $200,000 has made seven offers over the past month for the same buyer and is still looking. Buyers in the higher price ranges appear to be much more price sensitive. They won’t even look until they believe the asking price is a bargain but when the price is lowered to “bargain level” then they have to deal with other buyers and multiple offer situations. Hint to buyers (particularly on short sale listings): go look at homes that interest you regardless of the asking price. If you like it make an offer of what you are willing to pay. You may be surprised to get it accepted.

If you have any questions or just want to talk about short sales, buying or selling, call me at (916) 290-9339 or send me an email to juliej@jalone.com.

The picture in this post is one of several Michael took on Father’s Day when we discovered a field of sunflowers in Sacramento. If you want to see more click, Sunflowers on Father’s Day.