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Elizabeth Weintraub
David Lindley and Hot Tuna at the Crest Theatre Sacramento
All the old hippies were out in throngs last night in Sacramento and heading over to the Crest Theatre to see David Lindley perform, followed by Hot Tuna. Always good for a few great Warren Zevon songs, Lindley also kissed and stroked his ostrich shoes on stage, which is what I guess one would expect. We had great seats, too, front and center. Jack Casady, one of the greatest bass players in the world, strolled on stage wearing a long scarf, which he dramatically flung off his shoulders and then paused for recognition, looking very San Franciscan and cool.
He wore a watch, though. Jorma had a watch on his wrist, too. Who do you know today who wears a watch?
The only problem with Hot Tuna at the Crest was it was past my bedtime by the time they got to any songs I remembered from my Jefferson Airplane days, and I was actually thinking about resting my head against my husband’s shoulder, but I knew what would happen. What would happen is I would fall sound asleep. You think a person can’t sleep through a concert? Ha. The last one I slept through was a few years ago at the The Fillmore when we went to see Richard Thompson, and I love Richard Thompson. This is the problem with getting older.
The only thing worse would be to fall asleep and drool or snore. Which I just did not feel was appropriate when a person is sitting in the front row of a show. Fortunately, during the Richard Thompson performance, I was in the balcony and even though I was probably snoring and drooling, nobody could notice because it was too dark and the music too loud. This is what happens when there is a table in front of me, it’s past my bedtime and I’m tired. Even though Hot Tuna at the Crest was entertaining, I started to slip down in my chair . . .
Which brings me to groan about what else I’m tired about. I’m tired of real estate agents who fall off the face of the earth. A seller called me a few days ago about listing his home. I looked it up in MLS and it was listed at “expired, pending.” He was not in contract. He had no offer. On top of this, the listing had expired in December. Our MLS can fine a Sacramento real estate agent for an expired pending listing. Until a listing is removed from MLS, a new listing cannot be entered.
I cannot understand how an agent would NOT notice a listing like this in MLS. I mother my listings daily and hover over them, checking status, showings, tweaking verbiage, switching out photographs, updating days on market with new MLS numbers. But then somebody else probably can’t figure out how I could fall asleep in the middle of a rock and roll show, especially Hot Tuna at the Crest. We all be different.
Sacramento Home Buyers Who Fall in Love With Homes
Have you ever noticed that the longer some companies remain in business, the crappier their products become? I suspect it’s because corporations tend to value bottom-line profit over anything else. They might promote a cute slogan like “people first” but you and I both know that’s just marketing fluff. It doesn’t really matter where you look, you’ll find some item that was made years ago is probably a better quality product than today’s merchandise. Even homes. Even homes in Sacramento.
Tour homes in some of our leafier neighborhoods such as homes in Land Park or homes in Carmichael, and Sacramento home buyers will find thick redwood joists and plaster walls, not the cheaper wood and thin drywall like today. I poke my cheap-ass Jawbone device and wonder why can’t they make it work like the earlier models when callers could actually hear me talk. Or, what about the Victoria’s Secret pajamas that used to actually keep a person warm at night and now you can see through the material, and btw, that’s not on purpose. Don’t even get me started on cars made out of plastic. Cheaper, and cheaper and cheaper until the corporation can no longer sustain itself because the profit margin is so thin and it bankrupts.
The one thing that hasn’t changed is our love affairs with real estate. No matter how small or cheap builders build, we keep buying these homes and falling in love with them. If you think people don’t fall in love with a home, then you’re not a Sacramento real estate agent. One of the entities that publishes homes for sale online, just on a lark, I guess, conducted a survey among 1,000 buyers and their lust for homes. It found that 2 out of every 3 buyers stare at online real estate porn and develop fixations.
I was surprised that the number wasn’t higher. But surveys can be skewed. People tend to participate if they have a strong opinion one way or the other and the results don’t always represent the opinion of an average person. In any case, I try to present my photographs online in such a manner that people will stay up late, glued to their laptop and click on every one of them. Because I want that next click to be an email to me, asking to see the home. What else they do with their laptop on the privacy of their own sofa, I don’t want to know about.
If you’ve about to fall in love with homes, call Elizabeth Weintraub at 916.233.6759. Don’t wait. Do it today. The really cute homes go fast this spring.
Let It Be and Hire a REALTOR in Sacramento
If you’ve ever wondered why it’s a good idea to hire a REALTOR, the California Association of Realtors has launched what it says is new content for REALTORS, even though the source of its data is 2012. Or, maybe that’s a typo in the artwork image. We can all make mistakes — heck, while watching the Grammy’s Salute to The Beatles a few nights back, I suddenly realized I had misheard the lyrics to Let it Be all these years later. No joke.
Turns out Paul McCartney’s mother was named Mary. Why I do not readily recall this tidbit is a mystery. I surely must have stashed away this bit of information into my memory blocks at some significant time in my childhood, just as surely as I vividly recall writing The Beatles over and over, trying to write it 5000 times during class to win a Beatles wig from a local Minneapolis radio station, and suffering the agony and instant flash of hatred toward my teacher who snatched the papers off my desk, crumpling my work into her own little twisted hands while an evil grin spread slowly across her wretched face . . .
The line in Let it Be is When I find myself in times of trouble Mother Mary comes to me. Don’t ask me how I managed to believe during all of these decades that The Beatles sang: When I find myself in times of trouble, Mother married constantly. It made sense to me on some weird level. Maybe I thought if you couldn’t afford to pay your bills, you could always marry into money? Some things don’t make sense like a dead skunk in the middle of the road.
It also doesn’t make sense to try to sell a home in Sacramento by yourself when you can hire an agent who, if she’s any good, will probably make you more money than you could get on your own, even after paying the agent a commission. The California Association of Realtors says on average FSBO homes sold for $184,000 versus homes sold by a REALTOR at an average price of $230,000. C.A.R. concludes that sellers lose $46,000 by not hiring a REALTOR.
Bottom line, no matter how much you think you might know all the words to your favorite songs, some of us can mess it up and get it in our heads the wrong way. Just don’t mess up your home sale by trying to go it alone. If you need an experienced and aggressive listing agent, call Elizabeth Weintraub, at 916.233.6759.
Image: California Association of Realtors
Longer Days on Market Does Not Mean It’s OK to Lowball
The days on market are getting longer in Sacramento and, in particular, where I sell a lot of homes in Elk Grove. I would not go so far as to say that my real estate activity in Sacramento is 100% indicative of what’s going on across the board, but there certainly are parallels due to the vast territory I cover as a Sacramento real estate agent. Lots of agents work in only one neighborhood but I cover four counties and, as I have promoted the crap out of, I am the # 1 Sacramento agent at Lyon*, so I see a lot of listing activity up close and personal.
In fact, I wrote a newsletter for homebuying subscribers at About.com about the longer days on market last week and no sooner did I send it out last night than I received an almost duplicate piece from some other company. Coincidinky? Perhaps.
The reason I started to look at the days on market is because homes had been selling so quickly last spring, but once we got past mid-summer, the days on market began to grow. When days on market get longer, it seems that some buyers expect to lowball. I don’t know if they do this on the advice of their agent or if they saw it on TV show somewhere but the strategy for days on market can change depending on market swings. Our real estate market in Sacramento has swung. We’re pretty much back to normal and nobody knows how to handle it, it seems.
When I asked an agent to explain why her buyers wrote an offer at 85% of market value, her retort was the days on market were almost 30 so that meant the home was overpriced. What is this? Laurel and Hardy? Where did she get that idea? I’m not sure if it’s clueless agents or ignorant buyers or a combination of both or maybe something else that’s in the water, but 30 days on market is pretty darn normal. In fact, many homes are taking 45 to 60 days to sell in this market.
And they are selling at market value, which in most cases is list price. I see this is my own inventory of homes for sale. But just to show independent third-party statistics, I pulled a chart from Trendgraphix, which also illustrates this point and attached it to this blog. You don’t have to take my word for it. Take Rod Stewart’s: Every picture tells a story, don’t it?
Image: Trendgraphix, Day on Market and % of Sales Price to List Price, February 2014.
*per Trendgraphix stats for units sold, Sacramento County
Should You Stay in Your Home or Sell the Home Vacant?
Home Selling: Should you Stay or Go?
If you interviewed a hundred real estate agents in Sacramento and asked whether it was better to sell the home vacant or sell it with the seller living there, I’m betting agents would say the opposite of what I believe. Why do I think that? Because from a buyer’s agent’s point of view, it’s often easier to sell the home vacant. No fuss, no muss to show. Easy in and out. But from a Sacramento listing agent’s point of view, it’s generally better to leave the home occupied with the seller in residence.
Now, I know some agents start to feel like they own the home when they take a listing. It’s a common feeling, believe me. Sort of depends on how long the home is on the market and how many open houses the agent has held. I recall the summer of 2003 when I was the Queen of Vallejo Way in Land Park, and I held open houses every single Sunday for an overpriced listing that no other agent was willing to take. I knew every inch, nook and cranny of that home because I spent so much time in it. I filmed a segment for Good Day, Sacramento! in that house. But I never took a nap on the bed or helped myself to a pop in the ‘frig, in case you’re wondering. That home eventually sold, too, and I still have fond memories when I drive by, many years later.
But no listings are my home, regardless of how I might feel about them. My job is to put the seller’s interests first and foremost. I believe it’s better for the seller to stay in the home, even if it might make my job easier if they moved out. Only if the home is a total mess and unsuitable for showing would I suggest a seller move. It’s not always better to sell the home vacant.
If you’re asking yourself should a home be occupied or vacant when home selling, consider these points:
- Homes show better with furniture
- Vacant homes are often vandalized and not all insurance policies cover vacant homes
- Sellers are present to deal with emergencies
- Sellers can possibly meet the potential buyers
- Don’t have to pay for maintaining two homes
Yes, it’s a little bit more of a hassle to clean up the house every day and leave it spotless for showings, and it’s not always convenient to jump in the car and drive around when a buyer shows up, but you’ll probably make more money and sell the home faster if you’re living there. Unless, like I said, you live in a pigsty. Then, yes, you should move out and sell the home vacant.
