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Selling a home in 95624 with over 3,000 sqft

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The Elk Grove home inventory is shifting and beginning to impact sellers. If you own a home in 95624 in Elk Grove and are thinking about selling, I would like to share some stats with you.

When I look at market trends for Elk Grove, I first look at an overview of the zip code. That gives me an idea of what the area is doing as a whole. This post is going to narrow that scope.

Today… We are going to target homes located in the 95624 zip code of Elk Grove with over 3,000 feet.

Here is what you need to know if you are selling your Elk Grove home:

As of August of 2014, our available home inventory was at the highest point since 2011. I want to remind you this is only for homes in 95624 over 3,000 sqft.

inventory homes elk grove 95624

95624When you look at the chart above, the light green lines reflect our home inventory and the dark green reflects the buyer demand.  Having a high inventory of homes on the market (homes in 95624 over 3,000 sqft) , usually means sellers have to wait longer for their home to sell.  A price reduction may be in order as well, depending on the time-frame in which you need to sell.

The combination of a spike in home inventory, paired with a reduction of buyer demand is what concerns me.  Our buyer demand for August 2014 was the lowest point since February 2010! Now that deems dramatic, and yet it is a fact.

If you didn’t get an offer for your home in August, most likely this explains how the real estate market is responding to your home.

Here is what you need to know if you have a home in 95624 over 3,000 sqft:

1. If you really need to sell, it’s time to adapt!
We are heading into the time of the year where there tends to be less buyers looking. If we have a ton of homes to compete with, and less buyers looking for a home like yours, you are at a point where you have to adjust.

2. Is your home accurately priced for the market?
Which homes are your best competitors? How long have they been on the market? If you were a buyer, which one would you pick? I know it’s hard when you are emotionally attached to your home. Yet, we have to look at this objectively and adapt where we need to.

3. What is the condition of your home?
Again… Which house would you pick? What small fixes can you make that will greatly impact the impression of the buyer? Let me tell you… Buyers look at everything! Don’t think that just because you could overlook something they can. I showed homes this weekend and the buyer brought up some issues that did not seem like a big deal to me. Issues that with a little elbow grease could be resolved. Yet, that small item helped the buyer form an overall impression for the house.  The small things matter! Carpet stains matter, dust matters, clean shower doors matter, landscaping maters, broken cabinet doors matter.

I realize that you are looking to make money on your home sale, not spend it. Yet I would also ask you if you could spend $1,000 to make $5,000 would you? I WOULD!

If you do not want to make adjustments to the condition of your home, you will have to reduce the price if you are not getting any offers.

4. Be patient!
Sellers with homes in this category are taking 43 days to find a buyer on average. If you know your price is good and your have made improvements to your home, then you may just need to wait a little while longer for the right buyer.

I hope this helps to give you perspective on this segment of the Elk Grove real estate market. Watching the trends is important if you are thinking about selling your home with over 3,000 in Elk Grove in 95624. We would love to sit down with you and discuss your options.

Give us a call at (916) 585-3858 and we would be happy to set up a time to review your Elk Grove neighborhood and what your options are!

Here are homes currently for sale in Elk Grove, located in 95624 with more than 3,000 sqft:

 



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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Spotlight Elk Grove… Here these real estate agents come!

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We are so very excited to be featured at Spotlight Elk Grove this year!

Spotlight Elk Grove is a combination of food, friends, and fun. More than 80 Elk Grove businesses including restaurants, wineries, and…. well us! There will be wonderful food and beverages for everyone to try out.

Tickets are $40 and benefit the Elk Grove Regional Scholarship Foundation.
Spotlight guests receive an hors d’oeuvres plate and a wine glass, a bag for promotional items, and a program for the evening with a map of the tables for the businesses that are there.

Back again are Jay DeWald with his band to provide great music throughout the evening and Lori Wallace, the supreme mistress of ceremonies.

So come on down and let’s be reminded how many Elk Grove businesses need our support! Let’s enjoy good food, our neighbors, and remember Elk Grove is still a small town where many know your name!

If you still need tickets, give us a call at (916) 585-3858.

As always… If your dream needs an address we are here to help!



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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New Home Communities in Elk Grove

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There are wonderful new home communities in Elk Grove that offer you what you are looking for. Whether you are retired and are looking for a quiet place to spend your time, or you are a new family who wants your home move in ready. There is a new home development for YOU in Elk Grove!

You may be wondering why you need to hire a real estate agent in Elk Grove to help you buy a new home. The builders offer their own sales agents and the home is brand new. Both of these facts are true and yet would you hire the lawyer representing the other side of your dispute?

We can help you negoatiate special deals with the builder that they may not be publically offering. We regularly are in contact with new home builders in Elk Grove to find out about their current inventory, specials, and incentives they are offering.

Our job is to be there during your contract negotiation to save money and or gain some other feature or benefit for the home.  Although I find the the builder’s agents are annoyed by how  We step in during the negotiation and yet that is what we are there for. To speak up on your behalf and use our expertise to get you the best deal possible for your new home.

The best part is if you let us pre-register you BEFORE you go out and look at new homes in the area, THE BUILDER PAYS OUR FEES. If you go to the builder first before contacting us, we will not be able to represent you.

We will want to meet with you first before we take you on a tour of new homes in our area. That way we know which new home communities would be best for your needs. You can call us at (916) 585-3858 or contact us online at http://bit.ly/newhomesinelkgrove .

If your dream is to buy a new home in Elk Grove, we can help give that dream 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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A brand new home in Elk Grove – Another dream has an address!

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We are so excited to announce we helped another client give a dream an address!

Our clients just had a baby and wanted to be closer to friends and family.  This was their 2nd attempt at buying a home in Elk Grove. Unfortunately, we got them into escrow last year and it fell a part. It was really tough to find a home back then, so they were devastated to say the least.

We had a small window to get them in a home this time. They had a baby on the way and we needed to get them into a home ASAP! We got a call from their lender that it was time to start looking and we looked at homes non stop until we found the right one.

Buying a new home in Elk Grove gives you the opportunity to buy a move in ready home that no one else has lived in. Buyers should be prepared that the home will most likely not have a backyard landscaped, so you will want to factor in that cost.

We were able to help our clients negotiate over $8,000 off the price and get the builder to let them use their lender. Most lenders try and require you to use their lender. Our clients had a tricky file that we had already figured out a game plan for. Moving it to another loan officer was like starting all over and we did not have time because we had a baby coming!

When we work with clients buying new homes in Elk Grove, we can help them negotiate the best terms with the builder. We can likely help you get a better price from the builder and/or see if they will offer you incentives. Incentives could be a new washer, dryer and refrigerator. It could be a credit for closing costs. It could mean getting you additional upgrades.

Every builder in Elk Grove is different and it’s our job to find you the best home, in the best community, for the best price possible. The builder most likely will not let you know about these incentives. That’s where we know the right questions to ask. We are local real estate agents and we get paid by the builder to negotiate on your behalf.

Some homes builders in Elk Grove have inventory already built and ready to go. Others have additional phases that have not been built and released for sale. When you sign a contract with a builder, there is a timeline in which you need to buy the home.

Our clients loan took longer than expected, so we stepped back in and negotiated away the per day penalties. We were able to help our clients get a new close date without additional out of pocket expense.

We are so happy for our clients to get into their new home. I remember when we showed them the home… They saw the kitchen and their faces lite up. It’s pretty big and I hope we will be throwing them a housewarming party there soon!

It costs you nothing to have us help you buy a new home.It’s nice to have someone on your side during the process! Just make sure you call us before you go to the builder!

Interested in buying a new home in Elk Grove? We have a great list for you of all the new home communities! Call us at (916) 585-3858 or http://bit.ly/newhomesinelkgrove Let’s set up a tour for you and we can get you registered at each builder that way we can represent you at no cost to you!

So thrilled for our clients new Elk Grove home!

Here are some other new homes available for you!



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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Buying a home in Elk Grove: Top 5 things you need to know

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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!

Search for homes now >>
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Why are you waiting to sell your Elk Grove home?

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Many homeowners in Elk Grove are waiting to sell their home because they are not sure when is the best time to sell.

The truth is, back in 2013 when the market was going nuts, waiting to make this decision benefited homeowners. Prices were going up approximately 30% a year and the market was on fire.

Now that things have settled down, I wonder why so many homeowners are still on the fence. What I realized, is they probably don’t know what is going on.

If you are one of the folks who are on the fence about selling your Elk Grove home, I am writing this for you!

Here are 2 big reasons to get off the fence and get that Elk Grove home sold!

1. There is more competition out there!
There are several other options for a buyer looking in your neighborhood. The house with the most value and in the best shape wins.

Read more about why the condition of your home matters so much in today’s market. Selling your Elk Grove home: Condition matters more than ever >>

2.The Elk Grove real estate market is no longer going up almost 30% a year.
Prices have really flattened out in the last 12 months. Pricing your home competitively is going to be your best chance at getting top dollar for your home.

Read more about what our current appreciation rate is in the area and how it will impact your home value. Elk Grove prices are leveling off >>

Waiting to sell your Elk Grove home, is no longer benefiting you like you might think. Give us a call at (916) 585-3858 or contact us online and we can discuss your specific situation. We will give you real information about your neighborhood and our recommendations for selling your home!



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!

Search for homes now >>
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Home prices in Elk Grove are leveling off

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Homes prices in Elk Grove are starting to level off.

If you look at the graph above you can see home values in Elk Grove back in 2012 and into 2013 were all over the board. Up one month and back down the next, made for one crazy market! Most of that volatility had to do with our lack of home inventory. It caused havoc and Elk Grove home values felt like a constantly moving target.

As you can see, by the middle of 2013 home values started to settle and even out. This began to happen as we had more homes in Elk Grove starting to come on the market, as you can see from the graph below.

elk grove home inventory levels 2014

The Elk Grove real estate market is no longer going up almost 30% a year.

Prices have really flattened out in the last 12 months. Pricing your home competitively is going to be your best chance at getting top dollar for your home. I ran the numbers as of July 2014, we saw a 7.2% appreciation rate for the last 12 months! That a big shift for sellers and forces them to get realistic about their home value.

It’s really important to know what type of real estate market you are entering and how to best position your home.

We get top dollar for our clients through our aggressive marketing plan. If you have been playing with the idea of selling your Elk Grove home, please contact us to schedule an appointment and let’s come up with a strategy to get your Elk Grove home SOLD in a competitive market!



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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Selling your Elk Grove home: Condition matters more than ever

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If you are thinking about selling your home in Elk Grove, the condition and price matter more than ever.

Our market has changed and buyers have more options with nicer homes to pick from. It’s important you understand this if you are serious about selling your home.

The inventory has shifted and buyers now expect more.
Over the last 5 years we have seen the type of homes within our home inventory flip flop. In 2009, we had over 75% of all the homes for sale were distressed properties (bank owned and short sales). As of July of 2014, that number in Elk Grove is approx 10% (7.87% short sales and 2.36% are bank owned homes).
REOs-and-Short-Sales-in-Sacramento-County

Why does this matter to a seller with equity in their Elk Grove home?
There was a time when folks with equity could get more for their home. Their homes brought more money because they were in much better shape, when compared to the bank owned and short sale inventory. Now in Elk Grove, 90% of the homes that come on the market are people with equity. Folks who need to net the most money possible for their home. Folks who are not in a distressed situation and can afford to polish up their home to get the most money possible.

How you price your home and how you prepare it for sale matters now more than ever. Back in the  “bank owned days”, buyers were used to homes that needed work, because that was a huge percentage of what was on the market.  They were prepared for the investment of carpet, painting, minor fix ups, and a seller who would not make repairs or concessions. Now that the home inventory as a whole is in better shape, buyers expect more.

As a seller, you need to know this so you can best position your home to attract the most possible buyers. Details matter more than ever. Buyers notice them all believe me!

We are happy to meet with you to discuss the sale of your Elk Grove home. During that visit we will discuss the local real estate market further and identify items that can be improved in order to get you the most possible money for your home.



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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Pick your battles when selling your Elk Grove home

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If you have been thinking about selling a home in Elk Grove or surrounding areas, I’d like to give you some advice to get you through the sale of your home. If you are not prepared, you may find the process extremely stressful.

Throughout the home selling process, you will be asked to make concessions. The amount of concessions and bending you will do, will depend greatly on the leverage you have in the transaction. If we were able to get you 3 offers to pick from, you would have more leverage during negotiations because you have options. If you get in a situation where you need the offer, you may have to do more bending.

So to my point of this post…Everyone in the transaction has things that are important to them.

When you’re selling your home, you are most likely emotionally attached to it.  I advise my clients to look at this as a business transaction. At the end of the day, we are here to  get the most money possible for your home. In order to do that, we have to come to full agreement with the buyers in order to close escrow.

It’s possible you will get a request from a buyer that may seem ridiculous, from your point of view, during the home selling process. This could be in the form of a price reduction request, a repair request, or another concession the buyers are asking you to make.

The first thing I do is feel out the other side and look for opportunities to find the win-win. What is really important to them and why? What is a deal breaker? How much will it cost? How much effort and time will it take? I then layout all options for my clients and give them my advice how we should move forward.

It’s easy to get caught up on an emotional level with some of the requests. Maybe the buyer didn’t like the custom yellow sink you installed in the master bathroom. So much so they asked for a discount on the home or some type of credit. Now you may think about how much effort and expense it took to find that perfect sink and how much you think it makes the room pop. We’ve got to get your in a different frame of mind to get you the best result.

My job is to stay non-emotional about it. If we had 2 other offers from buyers still waiting on the side lines, we probably could negotiate that request away because we have leverage and options. If your home was on the market for 90 days with only one offer and you have to move out of state in the next 3 weeks for a job transfer…  We might be in a position to find the win-win because you don’t have a lot of leverage in that situation. If I am dealing with a less seasoned agent on the other side, sometimes I can make it go away just because the buyers hired an agent who does not negotiate well.

My advice would be to pick your battles when these types of requests come over. Evaluate your options and look for the win-win. Leave your emotional attachment to the home out of the conversation if at all possible!

If you have thought about selling a home in Elk Grove or the surrounding areas, my partner and I would love to talk with you about the home selling process. Give us a call at (916) 585-3858!

 



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!

Search for homes now >>
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95624 East Park Elk Grove – The place to live near highly desirable schools

Tags: , , , , , Elk Grove Neighborhood Guide, Elk Grove Real Estate Blog, Elk Grove School information No comments
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Terri and I sell several homes a year in the 95624 zip code of Elk Grove. One of our most popular neighborhoods we sell homes in is East Park.

This particular neighborhood in 95624 is located within the school boundaries of some very popular Elk Grove schools. We have a large buyer demand for folks who are looking to get their kids into the best schools in the area. homes in this area range from $300,000 and up.

Here are the locals schools assigned to the East Park Elk Grove area.  You can check their websites and there are links below to their score cards.

homes for sale near edna baker school elk grove

Edna Batey Elementary School
Check out their score card
9421 Stonebrook Drive
Elk Grove, CA 95624
(916) 714-5520

Katherine L. Albiani Middle School
Check out their score card
9140 Bradshaw Rd
Elk Grove, CA 95624
(916) 686-5210
School Website

Pleasant Grove High School
Check out their score card
Grade Level 9-12
9531 Bond Rd
Elk Grove, CA 95624
(916) 686-0230
School Website

You can check any address to see which schools are assigned by using the Elk Grove Unified School District online boundary check.

If you are thinking about getting your kids into some great schools in the Elk Grove area, Please give us a call and we would love to meet with you and discuss the areas of Elk grove that would be best for you!

We would love to help you buy near the best Elk Grove schools! Just give us a call!

There are a ton of homes for sale near great schools in Elk Grove! Just look below!



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!

Search for homes now >>
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