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Old 05-08-2008, 10:37 PM
 
15 posts, read 55,485 times
Reputation: 15

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I have started looking at the homes in north natomas since feb 08. The bank owned homes that are 2300 sqft with around 5500 lot size average about the price of 320 K. Per Sqft is 140.

Some time bank owned home/short sales are priced very low to get multiple offers. At that time, you do need to make offer that is higher than list price.
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Old 05-09-2008, 02:50 AM
 
Location: Roseville, CA
71 posts, read 329,845 times
Reputation: 35
Luke,

Actually, the market is changing in Sacramento. Prices are on the rebound, sales are up, and inventory is shrinking. I posted charts and graphs which come directly from the MLS which support this claim, and if you get a moment, you might want to take a look at them. http://www.city-data.com/forum/sacra...hort-sale.html

Also, you will see other postings in here about people who can't get into a house because of the multiple offer situations (see Volleyballer's thread about homes selling in one day). http://www.city-data.com/forum/sacra...g-one-day.html

I am curious. Are you actively in the market right now, and making offers on homes, specifically on anything under $350k-$400k? If so, what has your experience been? If you've had no difficulty, what areas are you looking in? What condition are the homes in? What are the list price to selling price ratios? I am not saying that there are not bargains to be had, what I am saying is that the true bargains in decent shape and in desirable areas are being snapped up very quickly, and at or above list price under multiple-offer scenarios. As a result, I think people need to consider looking in a lower price range in order to compete for that great bargain!



DR

Last edited by DyaneRiemer; 05-09-2008 at 03:27 AM..
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