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I have been out with buyers this past week looking at homes in the Elk Grove CA area and have been surprised at how quickly homes are selling. Although I know our Elk Grove foreclosure or bank owned listngs have been selling quickly...the last one had 15 offers within the first week it was on the market...I guess I have been surprised this weekend to see how many Elk Grove short sales have multiple offers within the first week or two that they are on the market also!
With our current inventory in the Elk Grove area down to 1.5 months and interest rates at all time low, if a home is priced right and in good condition, it is selling quickly. I was out with a first time home buyer yesterday; we found the home of their dreams and it had been active the day before. However, when I called the agent to let her know we were going to submit an offer, she said the seller had just accepted an offer. She had received 3 very good offers that morning and the seller decided not to wait!
The days of homes being on the market for weeks or even months, has passed. Buyers and agents need to pay attention to what is coming on the market every day. As a home buyer if you are not receiving daily alerts on new homes coming on the market, it is imporant to do so.
This is what you will get with our system:
Click here to sign up for our daily alerts!
And if you would like to find out more about the current market in Elk Grove or Sacramento and get information on financing a home, credit repair, inspections and more, register for our FREE Home Buyer Workshop now!
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Greenhaven - Pocket Real Estate Portal
Have you visited the Greenhaven - Pocket Real Estate portal: Your single stop for finding a home in the Greenhaven and Pocket areas of Sacramento. Here you can search every available home for sale in the Sacramento area.
The Greenhaven-Pocket area is a City of Sacramento community. It is located along Interstate 5 on the east and a semi-circular "pocket" bend in the Sacramento River about 10 minutes south of downtown Sacramento. Entering the Greenhaven-Pocket community from the south along Interstate 5, visitors are greated by a large water tower with the words "Sacramento, City of Trees" painted on it; this marks the southern boundary of the City of Sacramento.
Before being developed the Greenhaven/Pocket area was a rural farmland. It was first developed as a planned community in 1962. Greenhaven/Pocket includes 18 community parks, several gated communities, shopping and great schools.
And make sure to sign up for our daily updates for new listings and price reductions! This site is updated daily with new Greenhaven - Pocket homes for sale and properties that come on the market in the Sacramento area. Often, homes are sold within days of coming on the market. That is why it's valuable to have the full, updated homes and property data on this website. Sign up NOW!
Camden Homes for sale
Have you visited the Camden homes and real estate portal: Your single stop for finding a home in Camden Passage, Camden Park and Camden Point. Here you can search every available home for sale in the Camden area, a popular neighborhood in Elk Grove.
Camden Passage and Camden Park are located between Bond Road and Sheldon Road off of Elk Grove Florin Road in Elk Grove CA. These two subdivisions include over 900 homes and are separated by a seasonal creek. Camden is a community of custom, semi-custom and production homes and includes Camden Lake with miles of walking/running/biking trails, nature areas, greenbelts and several parks.
If you are interested in purchasing in a great community in Elk Grove, CA, make sure to check out the Camden area - Camden Passage, Camden Park and Camden Point.
As of today there are many homes and properties for sale that are available in the Camden area. The number of homes changes daily, so be sure to keep coming back right here, to the best site for Elk Grove homes for sale.
The Camden area is situated between Elk Grove Florin Road on the east, Sheldon Road on the north, Bond Road on the south and Harding Hall on the west.
Start your Elk Grove home search here -
And make sure to sign up for our daily updates for new listings and price reductions! This site is updated daily with new Elk Grove homes for sale and properties that come on the market in the Elk Grove area. Often, homes are sold within days of coming on the market. That is why it's valuable to have the full, updated homes and property data on this website. Sign up NOW!
I am asked this question quite frequently by Elk Grove homeowners contemplating an Elk Grove Short sale - Will my lender approve a short sale even if I'm not behind in my payments?
The short answer is, it depends on your lender. Some lenders may require that you are behind on your payments before they will consider approving a short sale. I actually am representing a buyer on an Elk Grove short sale and after our offer was submitted to the bank, the bank came back and stated that they would not consider the short sale until the seller was delinquent at least 31 days.
However, many lenders now are approving short sales when the homeowner has never missed a mortgage payment. The homeowner just happens to be in a negative equity position and have a need for the short sale or a hardship in order to sell their home. One way to find out whether your lender will accept a short sale file for approval on a loan that is current is by submitting a short sale file to your lender.
We have closed a couple of Elk Grove short sales now where the sellers were not behind in their payments. One was a job relocation and another was a divorce situation. Both sellers had a hardship and could not keep their homes. We were able to explain this to their existing lenders with our short sale package. We received our approval, closed escrow and helped these sellers not only avoid foreclosure but also help maintain their credit by not having delinquencies on their credit report.
If you are an Elk Grove homeowner thinking about selling your Elk Grove home and you are upside down on your mortgage or behind in your payments, now is a good time to get your home on the market.
If you are a home buyer looking for an Elk Grove home, remember Elk Grove short sales are closing. Just make sure that your real estate agent asks the right questions about the short sale before you make your offer. If you would like a list of the right questions, give us a call at (916) 405-5737 and we will be happy to send them to you!
Remember, t
How much will a short sale cost me?
Are there credit consequences to a short sale?
Who is eligible for a short sale?
Questions to ask the listing agent?
What is a deficiency judgement?
When is it too late to list your home as a short sale?
Behind on payments - how long until the bank forecloses?
If you are interested in finding out more about the Elk Grove real etate market, buying foreclosure properties or short sales or about financing investment properties, make sure to check out our website at www.FindaHomeinElkGrove.com.
More information on the Elk Grove, California real estate market
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