Real Estate Market Slowing Down
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 email@example.com.
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
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesBeth Gaines Elected to Women In Government BoardAt its 21st Annual State Directors' Conference, Assemblywoman Beth Gaines (R-Roseville) was sworn into the Women In Government 2015 Board of Directors
Suspected Ebola Patient in the Hospital A patient with symptoms consistent with Ebola infection was transferred to UC Davis Medical Center Thursday morning from Mercy General Hospital in Sacramento
Placer SPCA Announces 2015 Board of DirectorsRoseville, CA - The Placer SPCA announced the election of its 2015 Officers and the installation of two new board members.
Project for Homes Overlooking Lake Tahoe WithdrawnA project that sought to build some 112 residential homes on land overlooking Lake Tahoe has been withdrawn from the review process.
Stand Up Placer Receives $10,000 Grant from Wells FargoStand Up Placer received a generous grant award of $10,000 from Wells Fargo. Stand Up Placer is a local non-profit that provides comprehensive services to domestic violence , sexual assault, and human trafficking survivors
50 Days of the Dead: Shining StarShining Star, a song by R&B group The Manhattans was among audience favorites. This version of the JGB covering Shining Star in the fall of 1991.
Life Time Athletic Roseville: Rob Chemaly Named GMHealth and fitness industry veteran Rob Chemaly has been named General Manager of Life Time Athletic Roseville.
Roseville Liquor Store Robbed by GunmanThe Roseville Police Department is asking for the public's help identifying a man who robbed a liquor store and pepper-sprayed the clerk.
Good News for FHA BorrowersRealtor, Julie Jalone, of MagnumOne Realty in Roseville, writes about the recent lowering of the FHA mortgage insurance premiums.
United Auburn Indian Community Invests in Danny Wimmer PresentsDanny Wimmer Presents one of the largest independent producers of destination rock music festivals in the U.S., announced today that it has received a significant investment from the United Auburn Indian Community Development Corp.
Roseville Offers Up Cash for GrassThe City of Roseville is offering up for $1,000 for your grass when converting water-thirsty turf with water smart landscaping
Invented Abundance by Mollie Oblinger in RocklinThe Ridley Gallery at Sierra College presents Invented Abundance, an exhibition of sculpture in which Mollie Oblinger examines California's water issues in response to the historic drought
NEWS: In Case You Missed It