Is the Sacramento Market Improving this Summer?

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We are in the midst of a hot August market, and we just wanted to take a moment today to give you a quick update. Here’s a peek at July’s numbers, and what to expect in the coming months.

We are still in a hot seller’s market right now, with just 1.9 months of inventory. Sellers are loving how quickly their properties are moving, as the average days on the market for the entire Sacramento area is at just 25 days. 

There is still time to get your property on the market this summer and take advantage of these conditions. Homes are selling in under a week when priced correctly. They are also selling for 98% of their original list price, a great figure. Sellers can still command that high price for their home.

If you are looking to buy a home, now is an excellent time to do that as well. Interest rates are near historically low levels and lending guidelines are looser. If you have any questions about the market or how you can take advantage of it, feel free to give me a call or send me a quick email. If you text me, you can get a link to our free app as well. I look forward to speaking with you soon!

Are Home Inspections Necessary in Sacramento?

Selling Your Northern California or Sacramento Area Home? Get a free home value report 

Buying a Northern California or Sacramento Area Home? Search all homes for sale

Buyers often ask me whether or not they absolutely need an inspection done on a potential home. Almost 100% of the time I tell them that they should have a professional inspection done.

Even if you're buying a brand new home, it may still have something wrong with it. When you're investing in something such as a home, you will want to ensure that it is in proper working order. This would be like buying a car without test driving it and getting a mechanic's report on it.

Give yourself peace of mind, and allow the inspector to crawl under the home and into the roof to ensure that you're not purchasing a home with a major underlying problem.

If you want to do some research on home inspectors, you can look them up on the American Society of Home Inspectors. These are the professionals that I refer to my clients, and they will perform the work right in front of you and tell you exactly what's going on.

If you need any referrals for home inspectors of pest inspectors, please don't hesitate to contact me!

Inexpensive Fixes to Help Sell Your Sacramento Home

Selling Your Northern California or Sacramento Area Home? Get a free home value report 

Buying a Northern California or Sacramento Area Home? Search all homes for sale

A lot of people have been asking me lately, "What can I do to get my home to sell? What major renovations should I be making?" They think that major renovations will get them the biggest return on investment.

My answer may surprise you: Don't make any major renovations before selling your home. Construction projects always cost more than you think they will initially, and since you won't be around to enjoy the new improvements, it's really just money down the drain.

Minor improvements can go a long way. Start with the front yard. Research shows that curb appeal can make a buyer love or hate a home before they even step through the front door. Clean up the yard, get rid of grease spots on the driveway, and trim any shrubbery. Make sure everything is nice and beautiful.

There are a ton of inexpensive fixes for your home that can get you the biggest bang for your buck. If you are interested in more tips to get your home to sell quickly and for top dollar, please give me a call or send me an email. I'd be happy to help.

What’s Been Happening in Sacramento?

Selling Your Northern California or Sacramento Area Home? Get a free home value report 

Buying a Northern California or Sacramento Area Home? Search all homes for sale

The greater Sacramento area has been seeing a lot of changes lately. Today we are going to give you a market update for the area, with the latest stats from the month of July. Here is what’s been going on:

• We are definitely still in a seller’s market, with about 1.7 months of inventory. That number is down from 2.1 months at this time last year.
• The average sale price is up 1.6% just from May of this year! That is incredible growth.
• The average days on market in Sacramento is down to 25 days.
• The median home price has increased from $290,000 to $294,000 in just one month.

As you can see, sellers are able to command a higher price in this market when priced right and marketed correctly. As for buyers, historically low interest rates and looser lending guidelines are both great incentives to lock in a purchase, and an interest rate, now.

If you have any questions for us, feel free to give us a call or send us an email. Talk to you soon!