Offers submitted on behalf of buyers within the last few days:
-DOM: 1 / 95827 / Asking Price: $183,500 / Offered Price: $220,000 = 11 total offers / OFFER NOT SELECTED
-DOM: 4 / 95610 / Asking Price: $154,900 / Offered Price: $185,000 = 8 total offers / OFFER NOT SELECTED
-DOM: 14 / 95831 / Asking Price: $415,000 / Offered Price: $405,000 = 3 total offers / COUNTER OFFER STATUS UNKNOWN
Buyer's market? What buyer's market? It seems like every offer I have written in the last few months has been met with competition from other potential buyers.
Erin Stumpf, Broker Associate - Coldwell Banker
About Erin Stumpf
- erin@erinstumpf.com
- Sacramento, CA, United States
- Contact erin@erinstumpf.com or 916-342-1372. Erin Stumpf is a licensed Broker (#01706589) working with Coldwell Banker in Sacramento. She is a Sacramento native and graduated from CSUS with a Bachelors Degree in Spanish and a Masters Degree in Public Policy and Administration. Erin specializes in representing buyers and sellers with real estate transactions involving new and resale single family homes, condominiums, and 2-4 unit structures. Erin has successfully negotiated several short sales for her clients, has vast experience with bank repo properties, and works with a lot of trust and probate listings. She focuses her attention on the Sacramento and surrounding communities; especially Downtown/Midtown Sacramento, East Sacramento, Land Park, Curtis Park, Tahoe Park, Hollywood Park, Arden, Carmichael, Pocket / Greenhaven, Rosemont / College Greens, Fair Oaks, Orangevale, Foothill Farms, Citrus Heights, Antelope, and Elk Grove. She holds SRES (Seniors Real Estate Specialist) and CDPE (Certified Distressed Property Expert) designations. She is Past President (2012) of the Sacramento Association of REALTORS Masters Club and an Outstanding Life Member.
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2 comments:
Do you know why Calhfa interest rates are higher than market rates?
I wish I had an answer to your question...CalHFA is also taking a long time to underwrite their loans. For a long time their rates seemed more in line with conventional financing. CalHFA makes its loans via the sale of tax-exempt bonds. There is an inverse relationship between bond valuation and interest rates, so perhaps one might draw some conclusions from that.
There are many other loan products though - you might look into FHA, PERS (if you are a state employee), VA or Calvet (if you served in the military), First House, etc. I highly recommend contacting Marlena Olson with the Vitek Mortgage Group at 916-486-6900 to explore your options...
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