I just closed escrow on this 3 bed, 1 bath property in Colonial Village in Sacramento. Â Since the property did not have central heat and air, the seller and i decided to price it aggressively to attract a handful of offers. Â Well it worked. Â I received 17 offers in the one week it was on the market. Â Most of them were cash. Â I listed the house at $109,900 and the final sales price was $117,000. Â The buyer paid all cash and waived all of their inspections in their original offer. Â That's how aggressive buyers in this price range are being. Â Paying all cash and removing all contingencies up front.
It will be interesting to watch the market this summer as prices continue to rise, there will eventually be a point where all of these investors should start pulling back. Â Eventually the prices will not make a good investment for them and they will step back from the market. Â Continue to check back regularly for updates on this topic.