The Answer To California's Affordable Housing Shortage
By: George El-Chemali
Many residents in California are facing the challenges of high, and still rising, house prices on the market. People are becoming aware of the benefits that come with homeownership, however they are struggling to find something that is realistically affordable. The solution? New Home Construction.
The Market Needs More Inventory
Many of the challenges in finding an affordable home stems from the lack of inventory (homes) available for sale. Basic theory economics: low supply leads to high demand; and when demand is so high, prices can become outrageous. This is one of several reasons why homebuilders have ramped up land acquisitions in California.
What About Sacramento?
The Sacramento area has seen prices skyrocketing since the start of 2020, with buyers in stressful bidding wars on homes. What is being called "one of the most competitive markets the area has seen", home values are being sold for record breaking numbers even sellers themselves didn’t think they can make. Submitting offers on these homes comes with uncertainly and low confidence in getting your bid accepted.
Wouldn't you love if there was a way to make an offer on a home without competing with other offers? Well there is - New Home Construction.
With newly built homes, you can make an offer at ASKING price and get it accepted, rather than $80k over the sales price like some of these resale homes. To have the peace-of-mind knowing you will get the home you want, at a fair price, is extremely valuable in this market. There are so many builders out there. Start looking into these new home communities in your desired areas. Finally, work with a Realtor that has your best interest in mind and can help you with the process.
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"Working with Braxton has been a unique and amazingly rewarding experience. Braxton is unlike any realtor we have ever worked with. We thought we had good agents in the past. We have never experienced this level of advocacy, balanced with his generous nature, his tenacity, while masterfully treating both sides of the sale with respect - he never diminished any of our interests, and always strategically moved us toward our goal. When we worried about specific challenges, Braxton made it abundantly clear that he takes the responsibility as the professional and handles every challenge beyond satisfaction (and there were many). No one could have anticipated the problems caused from this Covid pandemic and the complications it created for every stage of the escrow process, and this is where Braxton really excelled. We were so impressed, … Thank you Braxton-we are so very glad we found you!"
John and Margery Barrett
"Braxton helped my fiancé and I to purchase our first home. I didn’t realize how daunting the entire process would be, but with Braxton he made the process so much better. He took a lot of the stress away from us and always kept our best interests in mind. He was always quick to answer questions and when he didn’t have the answer, he did the research to find it. I’m happy to say that we were able to purchase our first home at the age of 22. Thank you Braxton for being an amazing agent."
Ivanna Stevenson & Sheridon Evans
"Amran's hard work, dedication and the time spent in helping us acquire a 120 year old fourplex in Downtown Sacramento was truly remarkable. When the marketing agent failed to show up to show us the property, we called Amran and he set up a walk-thru within 10 minutes of our call. Helped us negotiate a reduction of the asking price, met with our building and pest inspectors."
Sue Mann & Howard Singh
"We strongly recommend Braxton Warren. When we make our next real estate purchase or sale, we want Braxton to represent and advise us. Braxton immediately impressed us with his marketing plan, team and massive resources for the project of selling our home quickly. He updated us daily and made sound recommendations. His team's photography and virtual staging was stunning. He and his team were always available and very responsive to our questions. He treated us like family. Braxton offered us great advice, explaining various scenarios and potential outcomes, while ensuring we understood we were the ultimate decision makers. In order to meet our short deadline, Braxton's team followed up with potential purchasers and shared timely feedback and options. Whenever we became discouraged after Sacramento's "100-year storm" and the looming holiday housing market slow down, Braxton stayed positive, resourceful and motivating. He really saved the day for us. My husband and I aren't big fans of real estate agents in general with the exception of Braxton Warren and his team. Thank you Braxton!"