Haven’t found a home to buy in Elk Grove? What are you waiting for?
You have an opportunity to lock in historically low home values and get into a mortgage at an incredible mortgage rate. There is still time to be in your new home by the Holiday Season!
Here are the top 5 things you need to know if you want to buy a home by the end of the year!
1. Get started now!
It can take up to a month to get all your stuff in order to buy a home. Getting pre-approved with a reputable lender could take several days if not weeks depending on your situation. Then we will wan to meet with you to create a strategy for you to get what you want! We have to get all of our ducks in a row, so we can hit the ground running!
1. There will be less buyers to compete with typically at the end of the year.
School is back in session and everyone is back in the grind. Many families currently looking for a home, may find themselves preoccupied for the next month. After that, the Holiday Season tends to get in the way.
A serious buyer will see this as an opportunity. Less compensation means more of an opportunity to buy a good value. The goal is to get you into the homes as they come the market and get your offer in front of the seller first.
3. More sellers are having to make concessions.
Our home inventory in Elk Grove is up 30% from the beginning of the year. This gives you more options because there are more homes to pick from. Sellers at one point, had complete control of the market. There were not enough homes to go around and it created a frenzy, so sellers benefited big time. Now there actually is a negotiation between the buyer and the seller. More and more sellers are doing requested repairs and provide a credit of sort for the buyer for closing costs.
4. More sellers are having to do price reductions!
Many sellers expect to see their home go up in value at the pace it did last year. The truth is, homes are increasing in value at a much slower pace. Right now we are seeing under 8% appreciate rate for Elk Grove, since the beginning of the year. Many sellers have a price in their mind. Whether or not the real estate market agrees is another thing.
5. Keep the big picture in perspective during negotiations!
If you can get everything you want in a house and you have been looking for a home for 4 months… Is the $2,000 you are squabbling about with the seller really worth it? Find the win win and lock that house down and get your keys.
If you buy a $300,000 house in Elk Grove’s with an appreciation rate of 8%, your home will go up in value approx $2,000 a month. When I go through this example with my clients, it really does help put things in perspective. You are not going to go wrong by buying a home right now.
If you are interested in buying a home in Elk Grove, we’d love to get started! You can call us at (916) 585-3858 or request a consultation online.
If you have a dream… We want to help you give it an address!
Give us a call at (916) 585-3858! We can give that dream an address!
If you are thinking about selling a home in Elk Grove or Sacramento - Request your home value now! If you're thinking about buying a home in Elk Grove or Sacramento - Let's meet to discuss your needs!
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