Is it Bad for Sacramento Real Estate to Sell in One Day?

Do you believe that you bought that home in Sacramento too quickly or, as a seller, do you believe that you were too fast to accept an offer for your home? Is it bad for Sacramento real estate to sell in one day? Welcome to the club of anxiety. Lots of people harbor those kinds of thoughts, but that’s all they are, just thoughts, passing thoughts, bubbles of self doubt, short moments of questions that should be allowed to pop through your brain to briefly make an appearance, bow, and then slink away somewhere to quietly die.

This is how Sacramento real estate happens today. Sometimes you sell in one day. If you are lucky. We are ensconced in a real estate market of low inventory. Lots of buyers are scouring the new listings every day, looking for that special gem. If your new home listing fits those requirements, bam, it’s sold. There is no shame in selling a house in one day.

Last week I put a bunch of new listings on the market, and one property in particular, well, the first few days were a little slow. No phone calls, not much activity for 24 hours. Then, out of the blue, an offer arrived. It was the sole offer. Not really astonishing given the fact that there were no inspections nor opportunity to view the interior until after offer acceptance. While this did not sell in one day, it still sold fairly quickly.

The seller asked if he should take the offer. It was over list price by a few thousand, which to this experienced Sacramento real estate agent is a sign of urgent and serious commitment by the buyer, followed by perhaps a hope harbored by the buyer that the few thousand extra will be recouped upon inspection — the answer to that game-playing strategy when I’m the listing agent is generally NO, because I bring that possibility to my seller’s attention at inception. Plus, I hail from Minnesota; I expect people to stay true to their word and don’t much care for those who lie. The seller could not believe that we received an offer so quickly. The implication was should he wait to see if a higher offer would arrive?

We had received no phone calls and no inquiries. I suggested he take it. When opportunity presents itself, you can be cautious, but you should proceed. I had that lesson engrained in me when I was a kid — only fools kick the door of opportunity closed. Sure enough, though, a few days later, we received another offer not as attractive. The first offer is usually the best.

Selling is just the beginning. Closing is another journey.