More Home Sellers Are Buying Again
In a recent survey done by the California Association of Realtors it was learned more than 69 percent of home sellers purchased a home after selling their previous residence. The more important number is, this is up from 47 percent in 2012 and from a low of 11 percent in 2011.
The improving condition of the housing market has increased the confidence to own versus rent. With sellers feeling more positive about where home values are headed most, who are currently renting, say they are planning to buy again. The percent of home sellers who say they will buy is 70 percent which is up from 22 percent in 2012.
Here are some other interesting findings from CAR's seller survey:
- The top reason for selling in 2013 was a desire to trade up. In 2012 the majority sold because of financial difficulties.
- The number of sellers who reported receiving multiple offers increased from 83 percent in 2012 to 98 percent in 2013.
- Almost half of the seller's reported receiving offers higher than the asking price.
- Social media is a growing factor in selling a home. Seventy-four percent of sellers say they incorporated social media into the selling process. This is up from 24 percent in 2010. Facebook was the number one site followed by Twitter and YouTube.
The seller survey results also indicated there is an increase in the number of seller who used an agent they had experience with. This increased from only 3 percent in 2012 to 25 percent this past year. If you had a good experience with an agent, I feel it is a wise decision to consider using them again. Choosing the right agent for the job is key element of a successful and smooth transaction. Don't be afraid to ask questions!
If you or someone you know is considering selling or buying this year and have questions about the Seller Survey or the process in general, feel free to call me at the MagnumOne Realty office in Roseville (916-899-6571) or send me an 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
Placer County News HeadlinesProposed Auburn Costco Terms Under ReviewAuburn, CA -- The Placer County Board of Supervisors will review key financial terms Tuesday for a prospective ground lease agreement with Costco Wholesale Corp. that include a company contribution to help
Indigenous Peoples Days in Rocklin March 19-22Rocklin, CA--Sierra College's Native American Club, the New Legacy Committee, the Sierra College Press and Heyday Books will cosponsor a four-day event: Indigenous Peoples Days during its Yomen Weda or Spring Equinox Festival
Beth Gaines Announces Re-Election BidROSEVILLE- Small business owner and State Assemblywoman Beth Gaines (R-Roseville) announced her bid for re-election to California's Sixth Assembly District.
Roseville Company Partners in $39 Million Apartment CommunityBased in Roseville, USA Properties Fund Inc. debuted the Mayfair Court - a 93-unit apartment community at 65 McCreery Avenue in San Jose on March 6.
Placer County Water Agency Meets Stewardship CommitmentsManaging California's complex water storage and delivery system is a never-ending balancing act between supply, demand, and environmental considerations, especially during a severe water shortage.
Safeway and Albertsons Announce Merger AgreementSafeway Inc. (NYSE: SWY) and Albertsons announced today a definitive agreement under which AB Acquisition LLC ("AB Acquisition") will acquire all outstanding shares of Safeway
Roseville Crime Report Digest (3-6-14)The Roseville Police Department crime report digest March 6, 2014.
Plane Crash in Placer County UpdateA plane crash approximately 3-4 miles south by south east of the Truckee Airport. The decedent is 55 year old Darla Farnell.
Placer SPCA Seeks 2014 Hero Awards NominationsRoseville, CA - Placer SPCA is seeking nominations for the 2014 Hero Awards, to be presented at the 13th annual Funny Bones Comedy and Awards Night on Friday, April 25.
AAA Funds Supports Roseville Fire Museum and Roseville Firefighters CharityThe AAA Roseville South Branch Office is providing $2,500 each to the Roseville Fire Museum and the Roseville Firefighters Charity.
Rocklin Crime Report Digest (3-6-14)The Rocklin Police Department's weekly crime report digest for the period of February 25, 2014 to March 3, 2014.
Roseville Physician Elected to TMPG Chair of the BoardChris Palkowski, MD, has been elected chair of the board of directors of The Permanente Medical Group (TPMG), the governing board of the largest medical group in the nation with 8,000 physicians serving 3.4 million