Are Rocklin Home Prices on Their Way Up?
Are Rocklin Home Prices on Their Way Up?
Rocklin home prices are the highest they’ve been in two years! New stats show what I’ve been talking about for the last couple months. Rocklin home prices are up to $136 per square foot That’s over 12% more since just last month!
The reason Rocklin home prices are up is because we are in the midst of a mini seller’s market. Inventory is the lowest it’s been in many months. The low inventory creates competition, multiple offers, and higher prices for sellers.
Does this mean that Rocklin has recovered and home prices will stay up? Probably not. Last year the banks held back most of their foreclosure inventory and didn’t initiate foreclosures on thousands of homeowners behind on their mortgage. Experts say this year, the banks will release a lot more inventory. There is soon to be more bank owned homes on the market as well as short sales from sellers who want to avoid a foreclosure.
These higher Rocklin home prices are probably short lived. If you’re thinking about selling your Rocklin home, do it now before higher inventory drives values down.
Find out the value of your Rocklin Home.
Are Rocklin Home Prices on Their Way Up?\
Posted by Rocklin Real Estate Agent – Allan Sanchez
CalVet Short Sale in Elk Grove – Are They Possible?
CalVet Short Sale in Elk Grove – Are They Possible?
Take a look at my newest Elk Grove short sale. As an Elk Grove short sale agent, I’ve worked with many banks with all kinds of situations. This is my first CalVet short sale. Some people believe that it’s not possible to short sale a home with a CalVet loan. Recently CalVet has been more open to short sales as they understand that all real estate has taken a big hit and CalVet loan homes are no exception.
CalVet short sales in Elk Grove are uncharted territory. I’m excited to jump in head first to see how CalVet short sales differ from traditional short sales. Check back as I update you on my progress!
See if you qualify to sell your CalVet home as a short sale.
Read more about CalVet loans and short sales.
CalVet Short Sale in Elk Grove – Are They Possible?
Posted by Elk Grove Short Sale Agent – Allan Sanchez
New Rocklin Foreclosure Wave?
New Rocklin Foreclosure Wave?
It’s been the real estate buzz for a few months now. Where’s all the Rocklin home inventory and where did all the foreclosures go? It’s turned into a mini seller’s market lately as inventory has significantly dropped…down 33% from last year. Buyer’s are in a frenzy. Multiple offers on all of my listings and sellers are getting at or over list price.
Foreclosures in Rocklin and the rest of California have been stalled while banks held back foreclosures during their robo-signing settlement. Now, that California has settled, foreclosure starts are up 28% in January as reported by Lender Processing Services. Inventory will again rise as these foreclosures turn into bank owned listings and more Rocklin seller’s start the short sale process.
What does this mean for Rocklin home buyers are sellers? If you’re trying to buy a house in Rocklin but not having much luck, hold tight! More inventory is coming and there will be less competition. Make sure you are working with an experienced Rocklin real estate agent who knows how to make your offer look attractive and get accepted.
If you are thinking about selling your Rocklin home, now’s the time. Take advantage of this small window of opportunity with less competition to sell your home before foreclosure competition decreases values and the number of buyers interested.
If you are behind on your mortgage payments, you may be part of this new foreclosure wave. Consider a Rocklin short sale. A short sale will stall the foreclosure and give you more time to stay in your home. You may get move-out assistance and a short sale is less damaging to your credit. You’ll be able to buy a new house much faster after a short sale than a foreclosure. See if you qualify for a Rocklin short sale.
Read more about the new wave of foreclosures.
New Rocklin Foreclosure Wave?
FHA Short Sale Elk Grove – SOLD by Short Sale Specialist Allan Sanchez
FHA Short Sale Elk Grove – SOLD by Short Sale Specialist Allan Sanchez
Many people think that you can’t short sale a home with a FHA mortgage. In fact, you can! Take a look at this FHA short sale I just sold in Elk Grove. 4809 Noriker Drive had a FHA loan with Bank of America. This is a lovely 4 bedroom, 2 bath home that closed for $185,000.
FHA short sales are different than typical short sales. Elk Grove short sale agents can get a FHA pre-approval with a pre-approved list price BEFORE listing the house on the market. Once, FHA gives their pre-approval it’s pretty easy to find a buyer. The agent will submit it to the bank and it takes about 30 days to get the short sale approval. This eliminates the long wait times by buyers and lessons the chance they will get discouraged and move on to another property.
Elk Grove short sale sellers can also get move-out assistance with FHA short sales. In this case, the buyer got $1000 for participating in the short sale…not bad!
Elk Grove short sales, especially FHA short sales, are very different from traditional sales. Only Elk Grove real estate agents with short sale experience understand how to negotiate with the bank, submit a complete short sale package, and secure a short sale approval. Unfortunately, some agents attempt short sales without realizing it’s a specialty. They end up going nowhere and wasting the seller’s valuable time, often costing them the opportunity to short sale.
See if you qualify to sell your Elk Grove home as a short sale.
FHA Short Sale Elk Grove – SOLD by Short Sale Specialist Allan Sanchez
Posted by Elk Grove Real Estate Agent – Allan Sanchez
Now’s The Time to Sell Your Roseville Home
Now’s The Time to Sell Your Roseville Home
Most people LOVE to talk real estate but it cracks me up how many think they are experts. It takes a Roseville real estate agent who is in the trenches every day to actually understand current market conditions. Would you believe it’s actually a seller’s market in Roseville right now? You heard it here first. As a Roseville real estate and short sale agent let me tell you why you have a small window of opportunity to sell your Roseville home to a qualified buyer, quickly, and for the highest value possible.
There is barely any inventory in Roseville right now! Buyers have little to pick from. When there is a great Roseville house on the market that’s priced reasonably, 20 buyers right offers. I’m not joking…20! Buyer competition means stronger offers. They are writing offers 7.5% higher than the same time last year. Roseville homes are selling fast. That means less showings, less time, and less inconvenience for sellers. Multiple offers means sellers can choose the strongest most qualified buyer with the best chance of closing.
This Roseville seller’s market won’t last long I’m afraid. Right now the banks are holding back foreclosures (shadow inventory) in an effort to prevent the market from loosing even more value. It’s working! Traditional sellers think the Roseville market is flooded with homes and are holding off. Short sale sellers in Roseville are confused about the short sale process and reluctant to move forward. Economists are predicting a 25% increase of foreclosures in 2012. This new wave of foreclosures will again saturate the market.
Roseville short sale sellers will also contribute to the increase of inventory. Currently, the IRS forgives the loss on short sales. This rule is set to expire at the end of the year. If this rule isn’t extended, Roseville short sale sellers will soon be given a 1099 for the short sale loss and be expected to pay taxes on the loss! There will be a rush of short sales inventory in the upcoming months to try to complete short sales before the end of the year.
Roseville sellers have a small window of opportunity to sell their home during this seller’s market. With increased inventory, buyers have more homes to pick from, there is less competition, prices stay flat or decline, more homes fall out of escrow, and it takes longer to sell. List your Roseville home now and have buyers lining up outside your door!
Now’s The Time to Sell Your Roseville Home
Posted by Roseville Real Estate Agent – Allan Sanchez