The Myth Behind Those Back-on-Market Homes in Sacramento

Published February 3, 2022 | By JaCi Wallace

The myth behind those back-on-market homes in Sacramento gives a snapshot in time back to the short sale days. This made me think, what is similar compared to today’s market? I recently sold a home with 15 offers. We had multiple cancellations. I think when a listing is hot, and buyers make over-list price offers later, they start to worry, did I pay too much? Also, once a home inspection comes in, the home’s condition and repair costs are often higher than ordinarily thought. The third time was the charm, the escrow closed, and everyone was happy. Cancellations can happen for various reasons both in the good old short sale days, and today’s current hot seller’s market. Both markets, though worlds apart, share some common ground in cancellations. ~~JaCi Wallace

Short Sale Blog 2014: This spring real estate market in Sacramento is off to a rocky start, at least in my little camp in the universe. It seems that every time I take a home off the market and place it into pending status, there is some kind of issue with the buyer that should have been resolved prior to writing an offer. What I call an “Oops” status. Except it’s like a 30-foot-deep snow blizzard, so I just say Oops to be funny, otherwise, I’d be tearing out my hair.

Over the last dozen years, even through the real estate crisis, a listing agent could be relatively assured that when she changed that status on a home in Sacramento from active to pending, that it would at least make its way into escrow. Because, after all, she had an accepted purchase contract. That doesn’t seem to be the case at the moment. Read more in my personal blog about.

If you are interesting in discussing your real estate objectives, we can be reached at 916-233-6759.

JaCi Wallace, RE/MAX Gold

DRE 00773532

The Myth Behind Those Back-on-Market Homes in Sacramento

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