Why Are House Sellers on the Fence?
Roseville, CA - Many Sacramento area homes are selling quickly because there continues to be low inventory of properties for sale. So why are homeowners reluctant to put their houses on the market?
I believe the answer is pretty simple, they know they will be facing the same low inventory and financial/loan issues as home buyers.
According to Lawrence Yun, the chief economist with the National Association of Realtors (NAR), "Realtors are reporting diminished buyer traffic because of the scarce number of affordable homes on the market. The lack of supply is stifling the efforts of many prospective buyers attempting to purchase while mortgage rates hover at historical lows."
House Sellers on the Fence
According to a recent article there are several reasons for the cautious seller attitudes.
Most sellers have refinanced their homes and staying where they are may be the most logical financial decision. In addition, depending on when they purchased they may have little to no equity to transfer.
With the current economy, many sellers are staying in their current home because they can't retire and want to remain close to their job. They may also have young or elderly family members living with them and are not able to downsize.
Sellers may have the upper hand, but they face the same problem as buyers: lack of inventory. Many sellers can't find another home they like, or one they can afford, and are choosing to stay put for the time being.
If you or someone you know would like to sell and buy a new home but are hesitant for any of the above reasons, I would love to discuss their options. I may be a bit harder to find that perfect home but there are some proven strategies which can make the time of a sell and buy work.
Feel free to call me at the MagnumOne Realty office in Roseville (916-899-6571) or send me an email to email@example.com.
About Realtor Julie Jalone
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 HeadlinesMono County Events for Scenic Adventure SeekersMONO COUNTY, Calif. - After record-setting snowfall that refilled lakes and rivers, leaving glistening snow on high peaks and meadows below
Lowest Reported Gas Prices in RosevilleRoseville, CA- Gas prices in Roseville and Rocklin are holding relatively steady as residents shift from summer vacations back to school and work
WJU Volleyball signs Isabella MauricioROCKLIN, Calif. - The women's volleyball head coach, Shasta Millhollin announced the signing of Isabella Mauricio from Foster City, Calif. to the 2017-18 roster.
Foam Fest Craft Beer and Live Music Festival[Olympic Valley, Calif.] - Achieve Tahoe (formerly Disabled Sports USA Far West) will host its 28th annual "Foam Fest" fundraising event
The Great Banquet in Roseville October 7thROSEVILLE, Calif., - Joni and Friends Sacramento will hold its fourth bi-annual event titled "The Great Banquet" at Bayside Church in Roseville on October 7, 2017
2017 Nissan Pathfinder adds more performanceRoseville, CA, - In recent years, the folks at Nissan gradually transformed the Pathfinder in the hopes of gaining admirers, thanks to some smart changes
Encephalitis in Placer County Mosquitoes DetectedROSEVILLE, Calif., - The Placer Mosquito and Vector Control District reported today that a mosquito sample has tested positive for St. Louis encephalitis virus (SLEV)
YES featuring ARW Tour heads to Northern CaliforniaApproaching 50 years in the music business, recently inducted rock n' roll hall of famers YES featuring Jon Anderson, Trevor Rabin, and Rick Wakeman will kick off their 2017 Tour
Hangtown Music Festival in Placerville Tickets & LineupPlacerville, CA, - The 7th Annual Hangtown Music Festival running October 26-29, 2017 will feature three nights of host band Railroad Earth and bring together new friends and old friends
Gold Rush Days Returning to Old SacramentoOLD SACRAMENTO, Calif. - Get ready to turn back time to the turbulent 1850s when Gold Rush Days (& Nights!) return to Old Sacramento over the extended Labor Day Weekend
Fishing Gear Swap Meet in AuburnAuburn, CA- The Rooster Tails Fishing Club is inviting anyone interested in fishing rods, reels, tackle, and other fishing related gear to attend
Tales & Ales Brewfest in SacramentoSacramento, Calif. - Fairytale Town will celebrate their 58th birthday with Tales & Ales Brewfest Fundraiser on Saturday, Aug. 26, from 5 to 9 p.m
NEWS: In Case You Missed It