yellow pages news jobs events calendar movie times RSS News Feeds
Rocklin and Roseville Today Good Morning!
   |   Current Temp: 75.0 F (23.9 C)
 

Real Estate Market Slowing Down


Share It.




Our local real estate market is slowing down and doing so much earlier than expected. 

Normally sales remain high through July and into August and then slow as we get closer to school starting.  This year we have already seen a slowdown in buyer activity.   With plenty of listing to choose from buyers can afford to take their time and when they do find a house, can negotiate harder than they could just a few months ago.

It the past few weeks we have had several of our buyer's make offers significantly below the seller asking price.  This tactic would not have been successful last year or even a few months ago.  Today, listing agents should be advising their clients not to be upset with low offers and to use them as an opportunity to see if there is an acceptable deal to be worked out.  I would rather have a client negotiating than waiting for an offer. 

When a low offer is received it can upset a seller but, in my experience, a seller who does not overreact and is willing to demonstrate they are prepared to negotiate will do better in the long run than those who refuse to counter or counter with a very small drop in price.   Buyers who make low offers generally have a higher amount they are willing to pay.  Often when they get a counter back with no reduction or one which signals the seller is not serious about negotiating, the buyer's maximum price drops.  This is the emotional side of the home buying negotiation process.

We would expect the Sacramento housing market to remain on the slow side until after school starts and then pick-up until we get close to the holidays.

I would love to hear what you think about the market or if you are considering buying or selling and have questions, please let me know.  I can be reached at the MagnumOne Realty office in Roseville (916-899-6571) or by email to juliej@jalone.com.






more news Print This Article


Julie Jalone, wife and mother living in Rocklin, is an experienced professional Realtor ® serving
the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties.

Julie may be reached online at www.jalone.com or by calling (916) 276-6883
Check out her daily web blog: Keep it Real in Sacramento

Placer County News Headlines

Lincoln Man Serving Aboard the Navy's USS SomersetPetty Officer 1st Class Brian West, an aviation boatswain's mate from Lincoln, Calif. and 2003 graduate of Lincoln High School, is serving in the U.S. Navy aboard USS Somerset

California Would Create More Jobs Without Prop 30In his recent piece for The Sacramento Bee, "State's job growth defies predictions after tax increases," David Cay Johnston argues that California's recent job creation numbers prove

Sacramento County Opposes Bay Delta Conservation PlanThis week the Sacramento County Board of Supervisors formally submitted comments challenging the findings of the Bay Delta Conservation Plan (BDCP) state environmental

Roseville to Host Senior Softball Western National ChampionshipsRoseville will play host this August to the Senior Softball Western National Championships

Roseville Crime Report Digest Update (7.29.14)Roseville, CA - The Roseville Police Department weekly crime report digest update for July 29, 2014.

Different Standards From Mortgage LendersJulie Jalone of MagnumOne Realty in Roseville, reports on a recent Fannie Mae survey which indicates there may be a growing difference in credit standards between small and large lenders. Which do you think has the tighter credit standards? Check out Julie's article and find out.

PCWA Comments on Bay Delta Conservation PlanDrought Watch: PCWA expresses concern about future water supply reliability for Placer County and claims EIR fails to consider key issues.

Honor Bowl Games at Del Oro August 2014ROCKLIN, CA. - William Jessup University announced today that it will serve as a sponsor for the Northern and Southern California 2014 Honor Bowl football games.

Tahoe Bike Classic Sept. 27 & 28The inaugural Tahoe Bike Classic will take over the Lake Tahoe basin this fall, September 27 & 28, 2014.

Lake Tahoe Marathon Returns September 14thArguably the most beautiful marathon in the world, the Lake Tahoe Marathon returns to Lake Tahoe on Sunday September 14, 2014. Since its inception in 1995, the Lake Tahoe Marathon has evolved into a premier running event

3 Month Old Dies in Sacramento, Parents JailedAshleigh Smith and the 19-year-old father, Terry Scott, were interviewed, they were both booked that night into the Sacramento County Jail on felony child abuse/neglect charges.

Dropping Gas Prices Lift Summer DriversLocal gas prices continue to drop and bring relief to drivers across California and the nation.




more news

Featured Yellow Pages Categories

Auto

Business

Health and Fitness

Home Improvement and Services