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 firstname.lastname@example.org.
Follow Us On Facebook
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 HeadlinesRenewable Energy Job Training for Local StudentsRoseville - More than 25 local students from Sierra College have now gained invaluable hands-on training for jobs in the fast growing field of renewable energy
Placer SPCA waiving Adoption Fees in DecemberRoseville, CA - The Placer SPCA is thrilled to announce that every animal adoption fee will be waived from December 1st through December 31st
New California Laws 2017 - Part 1Roseville, CA - New California laws for 2017. Part 1 includes racial mascots, immigration, tobacco, marijuana, search warrants, mental health and much more.
27th Annual Holiday Craft Fair in Roseville Roseville, CA - The 27th Annual Holiday Craft Fair in Roseville takes place this Saturday at Maidu Community Center.
Roseville Flash Crime Report: Mail Theft on the RiseRoseville, CA - The Roseville Police Department's public police activity report for the period covering November 15-28, 2016.
Football Championship West in Roseville and RocklinRoseville, CA - The Football University (FBU) National Championship West region games will take place on Dec. 2-5 in Roseville and Rocklin.
Local Businesses Warned About Potential ScamThe California Department of Alcoholic Beverage Control (ABC) is warning ABC licensees and the public of a possible scam in both Northern and Southern California involving persons
18th Annual Holiday Show and Sale in RocklinRocklin, CA - The Ridley Gallery at Sierra College Rocklin Campus is proud to announce our Eighteenth Annual Holiday Show and Sale
Volunteer for Elves for the ElderlySeniors First, a Placer County non-profit organization focused on providing programs and services for our area's elderly, is continuing their holiday gift program
Children's Christmas Faire in AuburnAUBURN - Santa is high in demand this season but will be stopping by the Children's Christmas Faire for free photo opportunities for 400 local children
Free Band Concert in Rocklin at Sierra CollegeRocklin, CA - The Sierra College Music Department is proud to present the 33rd Annual Sierra College District High School Honor Band Concert
Rogue One: A Star Wars Story Tickets On SaleDisney announced that tickets for Rogue One: A Star Wars Story will be available online starting Monday, November 28th
NEWS: In Case You Missed It