In Sacramento, Buyers Must Move Quickly And With Purpose!!

Ahhhh, my first blog...grab the bottle of bubbly, and smash it on my bow!  As a Sacramento Realtor, I've been helping buyers purchase homes in our, often misunderstood, real estate market. 

Bank owned, Sacramento Short Sales, Probate Sales, Flips...yes, they are all out there.  Typical buyers entering the Sacramento market believe, by no fault of their own (insert Media here), that these homes are falling off the shelves at the local Savemart, and that sellers will be begging for their heavily discounted offer. 

My job as a Sacramento Realtor starts here, with education.  No longer do we have 13 months of housing inventory, where buyers routinely received 5 digit discounts, as we did in 2008 and the beginning of 2009.  Sacramento is down to 2-3 months of inventory, and in some areas, less than 1 month. 

What does that mean? 

All of you who said, "Housing Shortage," get an "A"!  Buyers are out in droves attempting to take advantage of Uncle Sam's First Time Homebuyer Tax Credit, and sellers are hunkered down in their fallout shelters, waiting for the dust to settle.  Here, we apply a little Economics 1A, the Law of Supply and Demand, and guess what happens...bidding wars, rising prices, and buyers who need to "think about it" are consitently disappointed. Buyers, if you want to buy a Sacramento home, you have got to move quick, and you have to move with purpose. 

      -Have your preapproval in hand when you meet your agent for the first time

      -Know what you can afford, know where your downpayment is coming from, and understand that there are closing costs for your new mortgage loan. 

      -Have a good idea of what you want your new home to look, and feel like, and what about our new home is most important to you. 

      -And pick a Sacramento Real Estate Agent who you mesh with, but is also willing to tell you what you don't want to hear!! 

If you do these things in advance, it will save you a lot of frustration, anxiety, and time!  And if you are looking for Sacramento Real Estate Agent with these qualitites, Give me a call!