Sacramento is beautiful, and the city contains a variety of homes of different styles. Since the city and its metropolitan area are so large, there are some distinct lines between higher value and lower value properties. Half of homeowners will find it relatively easy to sell their Sacramento homes, while the other half may not find themselves as fortunate.
PROPERTY VALUES IN SACRAMENTO
The median value of all homes in Sacramento sits at $279,900. The top 5 neighborhoods alone exceed this value in their averages. The majority of homes in Sacramento are on the lower end of the spectrum, and the high value homes upset the balance to a significant degree. Sacramento is home to several affluent neighborhoods that do a good job of boosting the average, but sale prices above $280,000 are not typical in most areas of the city.
Sacramento is half modern and half dated in terms of homes. Old North Sacramento is full of dated construction that doesn’t completely mesh with the newer properties. This contributes to the lower value of homes in the original parts of town. East Sacramento is undoubtedly up to date in terms of home trends. Sacramento’s more luxurious properties are a bigger draw for buyers who are willing to pay a premium for recent construction.
CURRENT MARKET IN SACRAMENTO
The Sacramento housing market is just about average health. Less than 1% of homes are still struggling with post-collapse negative equity, and the market has been growing at over 5% per year. Home values have nearly doubled since the collapse, and are only projected to slowly accumulate more value. This is a good sign in terms of stability. The market is warm, edging on becoming a seller’s market. People want to buy homes in Sacramento, especially when the price is right.
Homes in Elmhurst, New Era Park, and around Winn Park Capital Avenue tend to sit on the market for the least amount of time. They’re affordable for the area while still upholding the standard that most discerning buyers set for their future homes. High priced homes in East Sacramento may sell a little slower, but they usually find the right buyer in a reasonable time-frame. With only 12.3% of homes selling at a price cut, it’s a good time to sell in these popular areas.
Homes outside of these neighborhoods may not fare as well. Subdivisions like Lemon Hill, Rio Linda, Florin, Rosemont, North Highlands, Parkway, Citrus Heights, and Rancho Cordova aren’t seeing too many sales. The low home values, sparse population density, and high unemployment rates in these neighborhoods work against homeowners looking to sell. This doesn’t mean these properties are impossible to move – they’re just a little more difficult to sell and require some out-of-the-box thinking.
WHAT IF I CAN'T SELL MY HOUSE?
If you live in an undesirable subdivision or in an otherwise low value home, the market may not be doing you any favors. Sellers are generally doing well, but their superior performance is almost exclusively limited to better parts of town.
They’re doing so well that they’re keeping the market healthy all on their own, while homeowners outside of these areas are having a difficult time. Buyers looking to move to Sacramento are considering higher value homes first.
DOES YOUR HOME NEED REPAIRS?
If you’re having a difficult time selling your Sacramento home, it’s almost always because it hasn’t been renovated in a few decades. Buyers are looking for homes that are ready to move into, and are rarely looking to spend tens of thousands of dollars renovating a home before they can start unpacking.
If you have a stacked savings account, you may want to consider modernizing your property. Start with necessary repairs, and work your way up to cosmetic improvements. This undoubtedly a costly process, and it takes some time to complete.
AN ALTERNATIVE TO TRADITIONAL SALES
If you don’t have the budget to completely renovate and repair your home, you may feel as though your hands are tied. A halfway renovated home won’t dramatically increase in value, and you may not recover your investment during the sale of your home.
If this is the case, you can still sell your home – you’ll just need to find a buyer who is willing to take the home in its current condition. Oftentimes, home investors are eager to grab up these properties and perform necessary repairs and renovations with their own budgets
WHY USE AN INVESTOR?
Selling your home to an investor saves you a lot of time, and cuts a lot of out of pocket expenses you may face attempting to prepare your home for the traditional market. Investors purchase a home with the intention of modifying it, so they’re unlikely to care if a property is located in a subdivision with low value averages, or even if a property is significantly damaged. Investors make offers that reflect the amount of work that they intend to do to the home, so sellers aren’t obligated to spend exorbitant amounts of money they may not have.
Home Buyers USA would be thrilled to purchase your Sacramento home, no matter its location or condition. When you know you want to sell, contact us with information about your property.
We’ll be able to get back to you with a cash offer on your home and walk you through a quick sale process. It’s hard to compete with Sacramento’s luxurious homes, but that doesn’t mean you should be tied to the market forever. Let us help you out.
3 STEPS TO GETTING STARTED
It really is as easy as 1, 2, 3. When you’re curious about working with us, it starts with getting in touch. In three steps, we can begin the process of purchasing your home.
Request your Cash Offer
Down below, you’ll see a very basic form. That information is all we need to come to a decision. Fill it out, hit submit, and one of our professional investors will review that information. We may even be able to get back to you within 24 hours.
Receive Your Offer
Our cash offers come with no stipulations. We don’t expect you to spend any money on improvements, repairs, or fees to get us to purchase your property. There are no middlemen, and there are no hidden surprises lurking beneath the surface.
We’ll feel honored if you decide to work with us. When you do, we can put you on the fastest possible track to selling your home. If you don’t, we’ll be bummed out, but we may be able to provide you with assistance in other ways.
We want to inspire optimism in homeowners who have had a hard time trying to sell their properties. We do that by creating one of the simplest systems available. It’s a system that not only allows us to work with you, but to work for you. We’re committed to the successful sale of your home.
Make No Repairs
If your home has any major defects, we’re not bothered by that. We don’t expect you to spend your own time and money resolving the issue before we purchase the home. In fact, we’d rather fix it ourselves. Don’t worry about costly repairs or improvement projects – just leave that to us.
No Mountains of Paperwork
A whole mess of people get involved when a home is sold on the traditional market. There’s buyers, sellers, and agents to contend with. Removing them from the process completely reduces the amount of paperwork required. We’ll pick up the stragglers and handle them on our own.
No Costs, No Fees, No Hidden Agenda
Trustworthy investors never push costs onto someone who is merely looking to sell their home. There are no closing costs or commissions involved when we buy your home. We take on all of our own costs, and the offer we prepare for you reflects those costs. There’s nothing sneaky going on here.
We're Full Cash Buyers
If you’ve ever been a few days away from closing only to find that a buyer’s loan has fallen through, you know what a headache that can be. Since we use cash to buy homes, we never run into that problems. No banks, no loans – it’s only us and you.
We Close Super Fast
When there’s no escrow or third parties, closing doesn’t need to take an eternity. Since we’re private investors purchasing a property from a private homeowner, the bulk of the closing process is unnecessary. In most cases, we can close in 7 days.
Respect Comes First
We want you to feel better, not worse. We’re committed to doing everything within our power to make this sale run as smoothly and quickly as possible. We’ll do everything we can to help you walk away ready to start anew.
Would You Like a Free, All-Cash Offer on Your House?
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