Tuesday, November 13, 2007

Sacramento Homes are still Seeing Multiple Offers

No lies here.

I submitted an offer for my friends who are buying a home and was surprised to learn that there were multiple offers on the table.

Another client I am helping to locate a home in Natomas had exactly the same results. He saw a home he wanted to take a closer look at and when I checked the MLS, it was pending sale.

How could this happen in this market? Aren't we all bemoaning how horrible it is out there - using dramatic speech like "blood on the streets?"

The secret is simple - it's price.

There obviously is pent up buyer demand out there like previously noted in the real estate market predictions. When a home is priced correctly, it will sell. And sell fast - in as little as two weeks, with multiple offers.

Some examples:
240 Regency Park Circle, Sacramento, CA 95835 - asking price $334,900
4951 Clearwood Way, Sacramento, CA 95841 - asking price $199,000
4805 Winamac Drive, Sacramento, CA 95835 - asking price $295,900

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