Posts Tagged ‘overbidding’

Our Local Real Estate Market May Surprise You

By on June 20, 2012 | Category: Blog | Tags: , , , , , , , , , |

Is it possible that the local housing market is starting to rebound? According to two local real estate professionals it is. “Now is a great time to sell your home in El Dorado Hills,” said Hillary Sand a real estate sales agent with ReMax Gold in El Dorado Hills. “We are seeing buyers offering competing, greater than full price offers on homes for sale and homes that are properly priced are selling within days.”

Sue Palmer, a loan agent with Summit Funding which recently opened an office in El Dorado Hills echoed this sentiment. “There really is no inventory for homebuyers right now.” Palmer, who handles all aspects of real estate finance explained that despite the lack of homes for sale for buyers, those that are in escrow are closing. “We’ve seen a 400% increase in the number of loans in the past two months (April and May) over the beginning of the year.” Read more …

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