Brent Carlson

I feel like I've dealt with this with every buyer I've had this year. All have had offers lost to others that went $40k or more over asking on homes that were not worth that amount. Of course, those were also in the $400k price point referenced here. Thanks to Ryan Lundquist for always having rockstar information.

It's been quite a year for real estate in the Sacramento region. Going into the year the forecast was for a modest 2-4% price increase. Of course, Covid has caused a huge tightening in inventory with only about 50% the amount of houses for sale this year as compared to last.

"More multiple offers? Yep. Here's a look at some fresh stats to show the change in multiple offers in the Sacramento region this year compared to last year. Not surprising, but fascinating still. 1) About 60% of sales had more than one offer last month. This is the highest monthly amount we've seen since this stat began being tracked four years ago. 2) Speaking of months, the past three months have had WAY MORE offers compared to last year. ... July: +17.2% August: +25.3% September: +41.0% 3) I posted about multiple offers a few weeks back. Statistically when you get beyond about four or so offers many of the offers start looking about the same in that there isn't often a big difference in what the seller nets between a property with four offers and ten offers. So sellers, you don't need more than ten offers to get the highest price. My advice? Price it right and be realistic about which offer you accept (especially if there is going to be an appraisal involved)." http://sacramentoappraisalblog.com//sellers-you-dont-need/ Information provided by Ryan Lundquist.

I did some research on this recently after looking for a client up in Auburn to find we are having this inventory issue everywhere. Down 50% since last year. It's hard out there right now to find a house to buy, but it's possible. With a little timing luck, I was able to get another set of first time buyers in contract this week on an adorable little bungalow in downtown Roseville. I'm happy to help if you're ready to look. Interest rates are making it so much more affordable to own.

Market Update - July new home purchase mortgage applications rose by 39% YoY. New housing starts continue to not keep up with demand. National rental rates rose overall in Q2 2020 despite the depths of the Covid19 pandemic. As we've seen in the market these numbers are no surprise, but if you are feeling like you won't be able to buy a house you can always check out one of these "Cheap Old Houses under $100K" if you're willing to move. Call me if you need help. https://www.instagram.com/cheapoldhouses/ Data courtesy of ListReports

Does anybody know of a single story rental property coming up just about anywhere from the North Bay to north of Sacramento? 2bd/2ba?

One thing buyers tend to forget about the first time or even the second time they are buying a house is to take into consideration closing costs besides down payment. You may save your 3% or 20% for a down payment, but forget about the other costs associated including mortgage fees, taxes, and other escrow items. Don't get caught flat footed when it's time to close and have no money left to do anything to your new home.

Finally was able to get my client into contract in a multiple offer situation. And the best part is the listing agent told me the reason they chose our offer over others was a letter I included in the offer. It was a letter I have written for all my clients including some highlights about the offer and a little background about the client. Get yourself a realtor who will do the little things to make your offer stand out in a competitive market. I'll be happy to write up one for you next.

Which feature is most important to you? I think anywhere near Sacramento you need A/C, but as far as not just for comfort I love being outside, so a backyard is where it's at.

Well in good news for my client I was finally able to find her a home. And its a HUD home, for those not familiar it's a foreclosure of a FHA loan. These aren't done the same way as a typical foreclosure however, and it's been quite a learning experience. There are some great deals to be found and making an offer is actually quite simple, just be prepared for the rest. Let me know if you have any questions or need help. Have to think outside the box sometimes. https://www.hudhomestore.com/Home/Index.aspx

If you aren't sure about buying or selling a house right now due to coronavirus, I just had a client lose out on a house that had 22 offers! Yes, 22, in 3 days. The market is as hot as ever. There's some new rules for safety, however it may actually be a busier summer than usual. Have a question, give me a call!

This is actually my very first client from a few years ago who called me and decided it was time to move on to bigger and better. Recently updated halfplex in Sacramento, perfect for a first time homeowner. https://client.nexthome.imprev.net//56/64078035/index.html

The market is still moving. And finally after all the lockdown and having a baby I will have a house coming on the market next week. Stay tuned for more.

Haven't posted any real estate information in a bit, been a little busy. So here's some baby for you all. Market has picked back up, and baby needs daddy to bring home some bacon. Give me a call if you have any questions. Thank you everyone!

Hey all, as many of you know we are moving soon and are going to rent out our current townhouse in Natomas. It's located in the Regency Park neighborhood, 2 bed 2.5 ba with a tandem garage and about 1250 sq ft of living space. If you have anyone looking for a rental in July please let me know. (Specific move in date is flexible) Send me a message for more details. Will be posting online next week.

Got to do the intitial walkthrough of our new home a couple weeks back, provided some great opportunities to get a behind the scenes look at the "bones" of a house. Definitely a good learning experience to use for my clients in the future, whether it's a new or resale home.

Have to post about this gorgeous home that my awesome broker, Debbie Mitchell, put on the market last week. More quarantine dreams. Staying busy with all that open space, relaxing and taking in the spring evenings or playing some pool. Take your pick. https://www.realtor.com//5737-Eureka-Rd_Granite-Bay_CA_957