VICTORIA WITHAM 916-718-1751

Buying Tips for a Low Inventory Market

While the low inventory real estate market has sellers relocating to Easy Street, the struggle is real for buyers.  In Sacramento, Zillow reports there were 22.5% few homes on the market in December of 2017 as there were the year prior.  Buyers need to remain vigilant, open-minded and flexible to win in this market.  Here are our tips.

Settle on your location.  This is the one thing you can’t change about your house.  You’re not going to be happy if you don’t get this right.

Don’t rule out stale listings. These homes may have been priced poorly initially.  They’ve sat so long that they’re considered undesirable to many buyers.  Take a close look, you may find something that’s come down in price and will work for you.

Consider a fixer.  You’ve heard it before but it’s a great way to get into your desired neighborhood.  If you’re up to it, consider buying a home 20% below your budget with plans to renovate it into your dream home, or at least a home that makes you happy.

Be the first to know.  Get established with a realtor in your desired area. They should be the first to know about listings that are “coming soon”. 

Act quickly.  Get your financing in place and be ready to jump on appealing listings as soon as they become available. 

Be flexible on closing dates.  Make yourself more appealing to the sellers by being able to close early.  Have your inspectors lined up with your realtor in advance so you shorten the time frame.  This is where pre-approval will come in handy as well.

Get personal.  Many buyers are very invested in not only getting their homes sold, but selling to the right buyer.  Sellers want to know they’re selling their homes to people who appreciate it, will care for it and be good neighbors.  Take the time to submit at thoughtful letter with your offer. 

Timing is everything.  If a house sells quickly, hopefully to you, the seller might need more time getting their move organized.  Don’t rule out allowing them to rent back from you.  It may be a hassle on your end, but it could give you a competitive edge.

End of Summer Projects

Stretch out these last days of summer by squeezing in a few more home projects, savoring simple pleasures and, when the me comes, cleaning up the beach toys and preparing the house for a busy fall. Pick from these to‐dos to create your perfect August plan. Finish up outdoor projects. Make use of the long… Continue Reading

You’ve spent a lifetime collecting treasures….

You’ve spent a lifetime collecting treasures, and you’re so proud of the antique spoon collection that has been in your family for generations.  But before you bank on the fact that you’ll be passing them down to your kids, talk to them.  Don’t let your heirlooms their headache. They want to fill their homes with… Continue Reading

What is a Home Warranty?

A Home Warranty is a one year service contract that covers the repair and/or replacement of a home’s major mechanical systems and appliances. Buyer’s Coverage, Seller’s Coverage and New Construction Coverage are available for most residential real estate properties. Covered systems and appliances typically include: Electrical, HVAC, Interior Plumbing/Stoppages, Water Heater, Dishwasher, Oven/Range/Cooktop, Garbage Disposal,… Continue Reading

Confused About Your Housing Options?

Let us help you make the best choice for YOU! There may come a point in your life when you current housing situation is not feasible, convenient, or possibly even safe. Maybe you’re simply living in a two-story home and prefer a home without the burden of stairs. Or, maybe you’re an empty nester who… Continue Reading

What A Senior/Retiree Should Know Before Selling Their Home

Anyone selling a home knows that it’s a big decision that requires serious thought and planning. But, if you’re a senior or someone getting ready to retire, there are additional considerations you need to take into account before putting your home on the market. Your home can be a valuable asset (and one that may… Continue Reading

Proposed Changes in Taxes for 2017

To come in 2017 regarding taxes: biggest proposed tax changes since 1986 Proposed changes: Lowering corporate tax rate (currently 35% to 20%) Taxation of future foreign earnings: bringing money back into the country would not be subject to “double tax”. Cost Recovery changing from 5 years depreciation, now can be done in the same year… Continue Reading