Buy A House
Sacramento home buyers have been experiencing multiple offers, homes going for more than the asking price and getting beat out sometimes by cash investors. Well, I believe all that is about to come to an end. The investors got the madness started buying up properties like crazy but now that they are priced higher, there is not the profit margin most investors want. This means, you the home buyer now have a greater chance of getting your offer accepted since most of you require a loan.
Each month Sacramento has a few more homes for sale with inventory increasing slightly. As of today there are 2,152 homes for sale in Sacramento County whereas last month there were 2,019 homes for sale in June with 1.4 months of inventory.
Out of those 2,152 homes for sale in Sacramento only 123 homes are listed as short sales. This is such great news seeing homeowners who are increasing their equity and fewer who are struggling to make their house payment.
Yes, prices have gone up along with a slight increase in interest rates for mortgages which may mean for some buyers that they need to focus on what they can afford and not what they wish for. We all have dreams and aspirations of wanting something more but reality needs to settle in and practicality on what you can afford.
Don’t be house poor, buy a house in a good neighborhood maybe something smaller than what you thought you wanted, maybe a house that needs a bit of work or updating but the point is, get in while you can and appreciate what you can afford.
I’m here to help you when you are ready, just whip me over an email by clicking on my name, GENA RIEDE. I will walk you through the home buying process so you too, can get the keys to your new home.
Don’t forget to attend the CA State Fair…it will be here until July 28th.