Sacramento Real Estate Market Update for Fall 2014

There are many great Roseville and Sacramento area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.

Sacramento Real Estate Market Update for Fall 2014

Hey there everybody. Welcome back to our blog. Today what we'd like to do is give you a brief market update on what has been going on in both Sacramento and Placer Counties lately. We hope you take the information from this market update and absorb it so you can know exactly what's going on in real estate. First, let's talk about Sacramento County.

• We currently have 3,349 homes for sale, a 41.2% increase over last year at this time.
• We have had 1,726 homes go pending so far this year, an increase of 8.3% over last year
• Right now, the average price per square foot for a home in Sacramento County is $174, 14% higher than last year

Overall, Sacramento County sees positive signs for both buyers and sellers. Right now, we are selling homes at 101.2% of asking price and the average days our homes are on the market is under 21, so they are selling quick. On the other hand, extremely low interest rate and an increase in inventory give buyers more options and more savings. Now, let's talk about Placer County. Right now in Placer county:

• We have 154 homes on the market, a big 56.3% increase from the inventory we had at this time in 2013.
• The average price per sq. ft. in Placer County is $191
• There are less than 3 months of inventory on hand, making Placer County a better place for sellers.

If you would like to get some more market statistics or just have any questions we can answer, please give us a call or send us an email. We'd love to help out!

A Walk Through the Loan Process

There are many great Roseville and Sacramento area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.

A Walk Through the Loan Process

When you decide to purchase a new home, securing a loan should be one of your top priorities. Today we have invited Doug Jones from Big Valley Mortgage to talk with us about just that. Doug is one of the top mortgage bankers in the area and Big Valley Mortgage is one of the top 5 lending organizations here in Northern California. We are excited to have Doug talk to us about the lending process and how you can secure a loan

 The exciting thing about the loan process is that you have already gone through the pre-approval process. You have already provided your income, assets, taxes, and all the documentation you need to get pre-approved. Once your offer is accepted on a home, that's when we go to work on your loan. We then submit the documentation to underwriting and produce the initial loan disclosures, which are all the government forms that need to be signed to underwrite your loan. 

At that point, you will go through with inspections on the new home and we will order the appraisal. Once we get those results back, the entire file is submitted to underwriting. After it's done there, we get the loan approval and lock in your interest rate. Within 48 hours we fund your loan, and then you can get

Big Valley mortgage has been in the local market since 1990 and are the 25th largest mortgage bank in the US. As a mortgage bank, they offer in-house underwriting, doc drawing, and funding at their offices. What that means to you is that your loan will be processed locally with common sense underwriters and people that live in your community.

If you have any questions about mortgages or about anything else real estate related, let us know. We'd be glad to answer any questions you have.

Sacramento Real Estate Market Update for Summer 2014

There are many great Roseville and Sacramento area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (916) 529-5342 for a FREE home buying or selling consultation to answer any of your real estate questions.

Sacramento Real Estate Market Update for Summer 2014

Today we want to talk to you a little bit about all that has been happening in the Sacramento real estate market this summer. Let's get started. Here are some things you need to know, it's a pretty crazy market right now.

• We are seeing prices all over the place
• In the past month, we have seen a 10% increase in the number of homes that have gone on the market.
• We have seen an increase in pending home sales in the past month of 5.4% 
• Compared to last year at this time, the number of homes available for purchase is up 57.6%. This is great news if you are looking to buy a home right now, as there are many more options to choose from compared to last year, when we had only about a month of inventory available.
• With interest rates continuing to be low, now is a great time to buy. We expect home prices to increase anywhere from 3-10% in the next year so locking in a mortgage rate with these prices is essential. Waiting is not in your best interest!
• Like we said before, prices are all over the place. It's important that you work with somebody who understands the market, knows the numbers, and is able to give you good advice on purchasing a home. 
• We are seeing homes that are priced correctly going for top dollar and going fast, so now is a great time to buy as well.

If you are looking to buy, sell or invest in real estate or know somebody who is, give us a call or send us an email. It's a great time to be buying or selling in the real estate market and we would love to help them accomplish their goals.