Buying a Home in the Hot Seller's Market of Elk Grove, CA

Posted by Eagle Realty on June 7th, 2016

The housing market is up, and Elk Grove, CA homes for sale are in demand. The city itself is proving to be a coveted living location. With easy access to Sacramento, high-achieving schools, and over 700 acres of recreation space, the second-largest city in Sacramento County benefits from a range of real estate options, including condominiums, single-family homes, and ranch estates. But if you hope to snag a property in this hot seller’s market, you’ll need to follow these tips.

Don’t Go It Alone 

You can bet that sellers will have a real estate pro on their side to help with navigating the complex shoals of real estate transactions. So as a buyer, you need somebody who can represent you. 

What difference can it make? For one thing, an experienced realtor can give you access to homes before they’re publicly advertised. For another, he or she can evaluate properties on your behalf to ensure they’re right for you. 

A professional will also negotiate on your behalf so you can get the best deal. Take your time in picking this advocate by interviewing several potential candidates before settling on one.

Get Prequalififed 

You don’t want to fall in love with a home, only to discover that you can’t afford it. Getting qualification ahead of time allows lenders to look at your down payment, income, and credit report to determine the price range of homes for sale in Elk Grove you should be looking at. It also tells sellers that your offers are serious, and you are far more likely to close escrow.

Don’t Be Picky 

If you want the perfect home with everything on your wish list in the best neighborhood in the county, then build one yourself. Otherwise, whittle your long list of demands to three or four must haves, and then add in a couple of deal breakers. 

Work with a smaller list of absolutes and you’ll expand your list of potential purchases. Compromise is necessary, but the beauty of Elk Grove is that it’s hard to find a home that wouldn’t suit many people.

Come In with A Strong Offer 

In a hot seller’s market, you may be competing with several other buyers who want the same property as you do. You can’t play with what you’re willing to pay in the hopes of getting a bargain. Offer the highest amount you can afford, perhaps the asking price or higher. If you can’t do that, work with the sellers on contingencies and a closing date that are favorable to them. 

Your agent can advise you on what numbers and terms work best, so, again, it’s advisable to work with a professional Elk Grove realtor right from the start.

About the Author:

This article is written by Eagle Realty. Owner/broker Shaun Alstonis a member of the Masters Club, which means he is in the top 10% in Real Estate Sales in the state of California.