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.
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$96,000 Raised for Fallen Officers with Help of Dutch Bros.On Wednesday, October 29, Dutch Bros. Coffee owners in the Sacramento area banded together with the community to raise $96,697 to support the families of Sacramento Sheriff Deputy Danny Oliver and Placer County Sheriff's Detective Michael David Davis Jr.
Roseville Police Seek Suspect in Halloween Crime61-year-old Daniel Rosario is being sought by Roseville police in connection with an early-morning burglary, car theft and attempted assault on an officer
Roseville, Rocklin Among Top Choices for Young FamiliesRoseville and Rocklin are ranked among the top 10 places in Northern California for young families according to a NerdWallet report
Kings, Sacramento Community Break Ground on Arena Marking the culmination of a decade-long effort to build a new arena in Sacramento, today the community officially celebrated the groundbreaking of the new downtown Entertainment and Sports Center (ESC).
Roseville Hit and Run Reward OfferedRoseville Crime Stoppers is offering a $500 reward for information leading to the arrest of a wrong-way driver who crashed into another car and then fled the scene
Free Alzheimer's Caregivers Workshop at UC DavisOnline registration begins Nov. 4 for the UC Davis Mini Medical School, a series of Saturday classes ideally geared for foresighted middle-agers and novice seniors
Roseville California Crime Brief (10.29.14) Crime brief update report for Roseville, California October 29, 2014.
Halloween Safety TipsCostumes, jack-'o-lanterns, haunted house and scary ghost stories mark this time of year as all kids of all ages enjoy the spirit of Halloween
Memorial for Slain Officer to be Held in RosevilleThe memorial service for Detective Michael Davis, who was killed in the line of duty will be held Tuesday, November 4, 2014, at 10:00 a.m. at Adventure Christian Church
2,400 Volunteers Turn Out in Rocklin for Annual EventMore than 2,400 volunteers packed 520,992 meals for malnourished children around the world at a three-day event at William Jessup University in Rocklin.
Sinking Gas Prices Won't Last The U.S. average price of gasoline ($3.03/gal) continues its slide to levels last seen in December 2010... and today, more than one-half of the nation's gas stations offer regular
Dutch Bros. to Raise Funds for Fallen Officers' Families Dutch Bros. Coffee owners in the Sacramento area are raising funds to support the families of Sacramento Sheriff Deputy Danny Oliver and Placer County Sheriff's Detective Michael David Davis Jr.