Mela Fratarcangeli El Dorado Hills Realtor Home Page - The Facts

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The Buzz on El Dorado County Association of Realtors - Home - Facebook

Buying a home has become a contest recently as bidding wars have actually made it costlier to purchase a house in El Dorado County. Local realtor Margaret Holland of Holland Realty said it's not unusual for sellers to receive numerous deals and more than 50% of the time those offers are over the asking price.

4263 Cordero Dr, El Dorado Hills, CA 95762 - realtor.com®

" I simply sold a home down in the valley for $32,000 over the asking cost and had more than 25 deals on the residential or commercial property." A phenomena seen somewhere else in the country, nationally 55. 9% of deals for houses dealt with bidding wars in January according to a study by Redfin, a property brokerage firm.

1071 LA Sierra Dr, El Dorado Hills, CA, 95762 - realtor.com®

3666 Park Dr, El Dorado Hills, CA 95762 - realtor.com®

" I did have a customer lose on a house in Pollock this summer because of a bidding war," she said, noting it wound up opting for $20,000 over asking price. April Mc, Nicholas, President of the El Dorado County Association of Realtors, stated the bidding wars have actually just begun in your area in the last 1 month with the typical bidding rate often being $10,000 to $50,000 over the asking cost, depending on the desirability of the area.