Gold Country CA Real Estate Blog and News

What You Need To Know About Selling in a Sellers' Market

What You Need To Know About
Selling in a Sellers' Market | MyKCM

Even if you haven't been following real estate news, you've likely heard about the current sellers' market. That's because there's a lot of talk about how strong market conditions are for people who want to sell their houses. But if you're thinking about listing your house, you probably want to know: what does being in a sellers' market really mean?

What Is a Sellers' Market?

The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows housing supply is still very low. There's a 2-month supply of homes at the current sales pace....

Gold Country Real Estate News - Spring 2022

We just finished our Spring 2022 issue of Gold Country Real Estate News which includes the latest information on the Amador County real estate market, featured listings within our community, a small business spotlight (South Main Veterinary Hospital) & more!   

Click the "READ NOW" image below to open and read the latest issue of Gold Country Real Estate News and contact the Gold Country Modern Real Estate Team if we can assist you in any way with your local real estate needs!

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Is It Enough To Offer Asking Price in Today's Housing Market?

Is It Enough To Offer Asking
Price in Today's Housing Market? | MyKCM

If you're planning to buy a home this season, you're probably thinking about what you'll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer's bid and the home's initial asking price.

In today's real estate market, buyers shouldn't shop for a home with the same expectations.

Things Are Different Today

Today's housing market is anything but normal. According to the National Association of Realtors (NAR), the average home that's sold today:

  • Receives 4.8 offers
  • Sells in just 17 days

Homes selling quickly and receiving multiple offers shows how competitive the ...

Why Pre-Approval Is an Important Step for Today's Homebuyers

Why Pre-Approval Is an
Important Step for Today's Homebuyers | MyKCM

Being intentional and competitive are musts when buying a home this season. That's why pre-approval is so important today. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Peter Warden, Editor of The Mortgage Reports, explains:

The lender will check out your personal finances and issue you a letter confirming the amount you're eligible to borrow. This not only gives you a firm budget for house hunting, but also lets sellers know you're qualified to make an offer.

Why does that matter so much today? There are many more buyers looking for homes today than there are homes available for sale, and that's creating some serious competition. According to the National Association of Realtors (NAR), the average home is getting ...

Using Your Tax Refund To Achieve Your Homeownership Goals This Year

Using Your Tax Refund To
Achieve Your Homeownership Goals This Year | MyKCM

If you're buying or selling a home this year, you're likely saving up for a variety of expenses. For buyers, that might include things like your down payment and closing costs. And for sellers, you're probably working on a bit of spring cleaning and maintenance to spruce up your house before you list it.

Either way, any money you get back from your taxes can help you achieve your goals. Using a tax refund is a common tactic for buyers and sellers. SmartAsset estimates the average American will receive a $2,897 tax refund this year. The map below provides a more detailed estimate by state:

Using Your Tax Refund To Achieve Your Homeownership Goals This Year |
MyKCM...

Current Homes for Sale
Upcountry
City # Price Range
Pine Grove 18 $280k - $1.2m
Pioneer 38 $148k - $835k
Volcano 13 $400k - $1.4m
Down Country
City # Price Range
Fiddletown 6 $225k - $1.6m
Ione 31 $200k - $2.7m
Jackson 23 $345k - $4.0m
Plymouth 8 $329k - $2.5m
River Pines 2 $279k - $365k
Sutter Creek 24 $125k - $2.1m
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