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When Will New Homes for Sale in Sacramento Be Listed?
Near the end of August every year, this Sacramento real estate agent begins gearing up for the fall real estate market by listing more homes for sale in Sacramento. Normal people, on the other hand, are winding up family vacations, buying school gear and getting ready for Labor Day celebrations. Not busy real estate agents because we are not necessarily normal. We are loaded with listing appointments on our calendars to meet with sellers getting ready to list their homes for sale in Sacramento.
This is the second swing and revived housing interest period in town. The Sacramento real estate market is different from other parts of the country in that even with four seasons, the weather is so mild that we don’t deal with snow or much of a down market as the year winds down. Our fall real estate market generally starts off with a bang and then fizzles around Thanksgiving. If there is any time of the year that is a good time for vacation, and that’s questionable, December is generally the best time to escape for a Sacramento listing agent.
That’s because we work our tails off from January through November. But the second biggest months past the spring market are typically September and October. If you haven’t been able to sell your home all year, maybe it’s time to take a fresh approach? Re-list as a new listing at an improved price? Make a few repairs? Some homes take longer to sell than others, especially if they are unique and appeal to a smaller pool of home buyers.
I have new homes for sale in Sacramento coming on the market around Labor Day. A duplex in Fair Oaks, an affordable ranch home in Parkway Estates, a single-level in Natomas, a gorgeous waterfront home in the Pocket, among others. If you’re looking for a home to buy in Sacramento, why not use that first week in September to find the perfect home? This is typically when new inventory opens, not to mention, we desperately need more homes for sale in Sacramento to meet demand.
Sacramento Home Sellers Dump House at Huge Loss
Impatience lost a couple of Sacramento sellers $50,000, and I don’t have the heart to tell them. These sellers don’t read my blog, and I doubt they know anybody who does, so it’s not like I’m breaking the news to them in this manner. Besides, it wouldn’t have changed anything for them because they had already made their decision; they just apparently didn’t have the heart to tell their Sacramento real estate agent about it.
Instead they elected to remove their home from the market so they could refinance. At least that was the story. One can’t get a loan on a home if it’s for sale in Sacramento. Maybe they started out thinking about a refinance and then some EP (equity purchaser) guy called? Maybe that EP guy was a client of another agent whom he wanted to cut out of the deal or maybe the guy just regularly combs the canceled listings, calling sellers, trying to strip out every last dime of equity and leaving a few scattered pennies on the table? Hard to speculate, and it doesn’t matter.
The situation is the sellers grew impatient. Their home wasn’t selling fast enough. It was due to price, like most homes that don’t sell fast enough. The price needed to be a little bit lower but the sellers continued to hold out hope for their price until they just gave up. Out of the blue. What I know is they asked to cancel the listing because they planned to refinance, and the next thing I saw they had suddenly sold their home at a gigantic loss. It’s called a For Sale by Owner.
The new owner then put the home back on the market for $50,000 more than the owner had paid for it. Along came a buyer who contacted me. The buyer contacted me because I sell a lot of homes in this particular neighborhood in Sacramento. My buyer bought it. That $50,000 is going into the pocket of the EP guy. Telling my former clients that they messed up would be pointless and mean. But it’s not pointless for readers of this blog. It’s a good example of what can and does happen.
If they had only waited for the fall market in Sacramento and continued to list with their Sacramento real estate agent.
Yoda says: Patience you must have, my young padawan.
