How we helped Michael purchase a home by following through on everything
Thomas did a very good job for us. We were looking in a 55 and over community and I was about 3 months away from being 55. There were some issues initially on whether or not we could move in right away and he got all of that solved quickly. He got us 11,000 dollars off of what it was originally listed and helped in directing the loan. He really just did a bang up job for us and followed through on everything!
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.
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.
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