Sacramento real estate market 2022
The Sacramento real estate market has been a record-breaking wild ride in 2021. What do experts expect for homebuyers in 2022?
In a competitive and expensive California real estate market overflowing with potential buyers and renters, differentiating can seem futile.
As competition in the housing market gets tougher for homeowners wanting to become homeowners, more and more people are turning to rentals across the country.
According to the Rental Protection Agency, there are currently more than 115,000,000 tenants in the United States and the number continues to grow with 2,654 new renters entering the market each day.
“It’s no secret here that in California — Sacramento, specifically — we are one of the hottest markets in the entire nation,” said Sacramento realtor John Campos. “And it’s very difficult to accept an offer to buy a house and I think it’s actually 10 times more difficult to get an acceptable rental application.”
But this does not mean that it is impossible.
According to real estate agents in the area, there are ways you can present yourself as the ideal candidate for a property or apartment and register your new home.
Find a Real Estate Agent That Meets Your Level
If you are looking to buy a property, Campos said, you should look for a real estate agent who is communicative, diligent, and takes his time to work with you.
Meeting agents is a great way to see if they are a good fit for you.
“Make sure they meet your criteria, that you feel comfortable, and that they explain things in a way you understand and don’t just get on the topic, assuming you know what they are talking about,” Campos said, who also makes videos on social media to help guide people through the market. Real estate.
The right agent can help you in marketing the property List agent. Campos said they can talk to them directly about how great you are as a person, your qualities, your financial situation, pre-approvals and why this home is special to you.
“That’s what makes you stand out from the crowd,” he said.
Get your documents ready to go
Whether you are submitting a home offer or a rental application, make sure you have all of your documents ready to use.
“You want to make sure you have a good, clean lot while not leaving any questions unanswered for this seller,” said Della Johnson, realtor at Better Homes and Garden Real Estates in Fair Oaks.
Johnson, who also has rentals and works with potential renters, said she loves it when people collect packages that provide information about their credit score and past references.
And Campos said you want to be as detailed as possible when sharing your financial strength. When buying a home, having a pre-approval letter and a letter from the heart, which is essentially a love letter about your interest in the property to appeal to the seller, can “significantly increase your chances of being accepted,” he said.
For renters, you should include your bank statements, payment slips, or even a stock portfolio to show that you’re great with money.
Campos said it’s about pulling all the stops and making it as easy as possible for your landlord to choose you. .
Be quick and come, if you can
Whoever has everything first is the winner. Basically, make sure you have your information ready and apply to get where you want it as soon as possible, Campos said.
Also, if possible, you should go to the open house at the property or make an appointment to see the venue.
This gives you the opportunity to speak with the property manager or owner in person. Campos said attending with a detailed application can give you a high advantage over others who haven’t seen the property or who don’t have all their papers together.
Pay the rent in advance
If you have the finances available, Campos said, offer to pay the rent a month or two in advance.
Don’t be discouraged if you need to apply to more than one place to secure a home, said Gina Cole, a corporate communications representative for Zillow. It’s common, given that a typical tenant will submit two applications, according to Zillow’s Consumer Housing Trends report.
Do you have questions about the real estate market in Sacramento? Email Utilityteam@sacbee.com.
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