Now’s The Time to Sell Your Roseville Home

Now’s The Time to Sell Your Roseville Home

Most people LOVE to talk real estate but it cracks me up how many think they are experts. It takes a Roseville real estate agent who is in the trenches every day to actually understand current market conditions.  Would you believe it’s actually a seller’s market in Roseville right now?  You heard it here first.  As a Roseville real estate and short sale agent let me tell you why you have a small window of opportunity to sell your Roseville home to a qualified buyer, quickly, and for the highest value possible.

There is barely any inventory in Roseville right now! Buyers have little to pick from.  When there is a great Roseville house on the market that’s priced reasonably, 20 buyers right offers.  I’m not joking…20!  Buyer competition means stronger offers.  They are writing offers 7.5% higher than the same time last year.  Roseville homes are selling fast.  That means less showings, less time, and less inconvenience for sellers.  Multiple offers means sellers can choose the strongest most qualified buyer with the best chance of closing.

This Roseville seller’s market won’t last long I’m afraid. Right now the banks are holding back foreclosures (shadow inventory) in an effort to prevent the market from loosing even more value.  It’s working!  Traditional sellers think the Roseville market is flooded with homes and are holding off.  Short sale sellers in Roseville are confused about the short sale process and reluctant to move forward.  Economists are predicting a 25% increase of foreclosures in 2012.  This new wave of foreclosures will again saturate the market.

Roseville short sale sellers will also contribute to the increase of inventory. Currently, the IRS forgives the loss on short sales. This rule is set to expire at the end of the year. If this rule isn’t extended, Roseville short sale sellers will soon be given a 1099 for the short sale loss and be expected to pay taxes on the loss!  There will be a rush of short sales inventory in the upcoming months to try to complete short sales before the end of the year.

Roseville sellers have a small window of opportunity to sell their home during this seller’s market. With increased inventory, buyers have more homes to pick from, there is less competition, prices stay flat or decline, more homes fall out of escrow, and it takes longer to sell.  List your Roseville home now and have buyers lining up outside your door!

Now’s The Time to Sell Your Roseville Home

Posted by Roseville Real Estate Agent – Allan Sanchez