Allan Sanchez • Rocklin & Roseville Real Estate Agent

head_left_image

By a House in Roseville Before it's too Late - By Broker Allan Sanchez

By a House in Roseville Before it's too Late - By Broker Allan Sanchez  By a House in Roseville Before it's too Late - By Agent Allan Sanchez

The Roseville real estate market is a little on the cool side.  With about 3 months of housing inventory, and 46% more homes on the market than this time last year, sellers and their listing agents have a harder job lately.

BUT...Roseville home prices are NOT falling.  Prices have steadily increased 4.5% since last year.  That means that more average income earners are getting priced out of the Roseville real estate market.  The Sacramento Bee reports that average income earners are being "squeezed" out of the market because of stagnant wages, competition from home flippers, and the increased cost of new construction.  They say: "Construction costs are up from about $40 per square foot in 2001 to $60 per square foot today."  That means that is is very difficult to build a new home for less than $250,000.  While construction costs have risen, average incomes have declined to $57,500 from a high of $66,000 in 2008.

Increased Roseville home prices paired with stagnant wages means that Roseville home buyers are getting priced out of the market.  It means that RIGHT NOW is your best time to buy before it's too late and you're priced out of the market.  There is a cherry on top:  Because it's taking a bit longer for Roseville sellers to actually sell, they are sweetening the deal.  A good Roseville real estate agent will be able to negotiate for you to save thousands of dollars off the listing price, and have the seller take care of a lot of repair items that they wouldn't have to do with more competition in a stronger sellers market. 

It's so easy to sit back and wait to buy, but I've seen so many people regret that decision when they are finally ready and can no longer afford the house that they could have a year ago.  Roseville prices are steadily increasing and wages are not. 

*This article was written by Roseville Real Estate Broker, Allan Sanchez, on 10/7/14.  The real estate market is constantly changing.  For the most up to date real estate news, contact Allan directly: allanshomes@gmail.com or 916-205-2265.

By a House in Roseville Before it's too Late - By Broker Allan Sanchez

Keller Williams Realty-Roseville

916.205.2265

www.AllansHomes.com

AllansHomes QR Code

*Allan Sanchez is a licensed real estate broker in the state of California and does not give legal or tax advice regarding short sales and other real estate sales.  Please consult a real estate attorney or CPA for any legal or tax questions.

0 commentsAllan Sanchez • October 07 2014 08:11AM
By a House in Roseville Before it's too Late - By Broker Allan Sanchez
share
By a House in Roseville Before it's too Late - By Broker Allan Sanchez The Roseville real estate market is a little on the cool side. With about 3 months of housing inventory, and 46% more homes on the market than this time last year, sellers… more
Rocklin Listing Agents - Communicate Often!
share
Rocklin Listing Agents - Communicate Often! I've been selling homes in Rocklin for 15 years, so I get it! Sometimes as a listing agent, you don't have much to say to your sellers. There is not always an update to give or maybe there is BAD… more
Higher Home Inventory in Rocklin = Buyer's Market
share
Higher Home Inventory in Rocklin = Buyer's Market A couple of weeks ago, I got a call from a great past client looking to buy another home in Rocklin. We had lots of homes to view in their $350K-$450K price range. That's because inventory is up… more
What Does a 2 Year Roof Cert REALLY Mean? By Agent Allan Sanchez
share
What Does a 2 Year Roof Cert REALLY Mean? By Agent Allan Sanchez In the Sacramento area, it is common for buyers to ask for a 2 year roof certification if the roof is on the older side. A roof certification is granted once a roofing company… more
Rocklin Real Estate Agent - Allan Sanchez Sells Rocklin
share
Rocklin Real Estate Agent - Allan Sanchez I write a lot of Rocklin real estate blogs. I'm usually updating you on market conditions, home selling tips, and hot new listings. Today however, I want to talk about what it means to me to sell… more
The Limited Service Listing on a Million Dollar Home in Sacramento
share
The Limited Service Listing on a Million Dollar Home in Sacramento I just came across a newly listed home for sale in the high-end neighborhood of Sierra Oaks in Sacramento. This house, by anyone's standards, is a 10. It also has a price tag… more
Change For Rocklin Real Estate Market - By Rocklin Agent Allan Sanchez
share
Change For Rocklin Real Estate Market - By Rocklin Agent Allan Sanchez The Rocklin real estate market has been a little funny lately. Some homes sell right away with multiple offers, and others are sitting with very little interest. What's… more
This West Roseville Home is a Great BUY - By Agent Allan Sanchez
share
This West Roseville Home is a Great BUY! I'm LOVING my new home for sale in West Roseville. 3129 Parkham Drive feels brand new inside. It is in terrific condition with lots of upgrades like granite counter tops, laminate wood floors, and… more
Renegotiating the Price of a Short Sale - After Appraisal
share
Here's my latest SOLD short sale in Sacramento. The bank, in this case Wells Fargo, wanted $175, 000 and my clients accepted an offer at $175, 000. The short sale approval was issued, the house was now pending sale, and the buyers started their… more
Got a LOW Offer on your Roseville Home For Sale? Don't Be Offended!
share
Got a LOW Offer on your Roseville Home For Sale? Don't Be Offended! You've spent countless hours getting your Roseville home ready for sale and the first offer is LOW… Such a disappointment! Hopefully you're working with an experienced Roseville… more