What You Don’t Know About Riverfront Plaza Condos

This Riverfront Plaza Condo sold over list with multiple offers.

If you want to know about Riverfront Plaza condos, you should ask an agent who sells a lot of homes in Sacramento, not just the condos at 200 P Street. The reason is not every agent employs the same principles and techniques when it comes to listing and selling homes. You can take this Sacramento Realtor, for example, who has her own way of doing things that has been wildly successful. It’s hard to copy what I do because every sale is different. The strategies I use are custom for each seller because each seller is unique.

I happen to know a lot about Riverfront Plaza condos, as I sell a few in that complex from time to time. Soon as I put this particular unit on the market, I received a ton of phone calls from agents wanting to show. My belief is any home should be on the market long enough to expose its salability to potential buyers. For example, when I see a sold home with zero days on market, it makes me wonder whether the listing agent had a buyer in his back pocket and just crammed the two together, practicing dual agency, without any regard to bringing the seller the highest price possible.

How could a unit sell for the highest price possible if it wasn’t on the market for a long enough period of time to allow other buyers to submit a purchase offer? Zero days on market is not enough time for some internet website services to receive information about the condo for sale. It certainly is not enough time to download into Zillow or Trulia or Realtor.com. Some buyers will never get a chance to find about Riverfront Plaza Condos if they can’t even find the condo for sale before it goes into pending status. That’s doing a grave disservice to the seller, far as I’m concerned.

My last Riverfront Plaza condo closed on the last day in May. It had been on the market for 6 days, which was excellent exposure in our tremendously hot seller’s market. You never really have to worry about price. If it’s priced too low, buyers will bid up that price. If it’s priced too high, nobody will bid at all, and it will sit on the market for 100 days, or more. The bottom line is condos sell for market value, for the price the market is willing to bear, providing it has exposure.

My sellers placed a very attractive price on their unit. It had quite a few updates and improvements but still retained the older carpeting in the family room, and the bedrooms were not really updated. We poured over the comparable sales, examined the square foot costs for remodeled units that were similar, and decided to place a very attractive price of $359,000 for the two bedroom, two bath condo. Also, for some reason, the public records show the wrong square footage for many of the 1,448 square foot condos. But they are 1,448 square feet because I know about Riverfront Plaza condos.

Our condo sold at $370,000. With multiple offers, and we pushed the price even further. If you’re interested in hearing more about Riverfront Plaza Condos, please call your Sacramento Realtor Elizabeth Weintraub at 916.233.6759.