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Elizabeth Weintraub
Working With Tenants To Sell a Rental Home in Sacramento
Not every tenant ends up being a nightmare or terrible problem when selling a rental home in the Sacramento region. In fact, some tenants can be a huge blessing in disguise. I often prefer to have tenants in the home if at all possible for several reasons. First, I don’t worry nearly as much about vandalism when the when I’m selling a rental home is that occupied. Second, having furniture in the marketing photos makes the home seem more alive and it shows better.
Sure, you hear horror stories about tenants who refuse to move upon sale or those who believe the world revolves around them and the out-and-out jerks. These types can cause problems by lying about the condition of the home to prospective buyers, refusing to show the property at the times they promised and not picking up after themselves when buyers do come through. As a Sacramento real estate agent, I’ve dealt with uncooperative tenants of rental homes who bolted the door from the inside, turned the pit bulls loose and then slipped a note under the door threatening physical bodily harm if agents entered.
Fortunately, most of the tenants I work with are very accommodating. Part of that reason is because I treat them with respect. It might be my Sacramento listing and the seller’s property, but the house is the tenant’s home. I am grateful when a tenant grants me the privilege of entrance so I can take photographs of the interior, and I verbally share that sentiment. I say please and thank you. I acknowledge graciousness. And I go to great lengths to protect the tenant’s privacy.
See, I think when you deal with other people the way you would like to be treated, they generally respond in kind. If a real estate agent starts out on the wrong foot, making false assumptions and behaving as though she is at odds, on the opposite side of the fence, tenants might not want to cooperate. They might even retaliate.
I often ask sellers to give the tenants a small financial incentive to cooperate with showings. After all, what’s in it for the tenant? Tenants are generally inconvenienced, they don’t stand to make any profit when the home is sold, and let’s face it, some real estate agents can be very pushy. You know it and I know it. I try to save the tenants from that kind of obtrusive and sometimes abrasive invasion.
Just being nice to people can go a long ways. There is no reason, even in the face of adversity and unwarranted criticism, to act otherwise. If you want to sell a rental home in Sacramento, call Elizabeth Weintraub at 916.233.6759.
About Southwest Pilots Who Landed at the Wrong Missouri Airport
Do you think the public is being a little hard on those poor Southwest pilots who landed at the wrong airport in Missouri? OK, granted, the captain almost ran off the runway, but the fact is he didn’t. Why are people talking about all the things he didn’t do? Maybe he forgot to comb his hair that day but if he looks like George Clooney, who cares?
Sure, there was a little bit of rubber burning and hand clenching upon landing, no doubt, but at least the brakes were applied with force. We all make mistakes. And let’s face it, Missouri is the kind of place where it might be easy to get lost, what with people whose motto is show me. Don’t they know where they are going? It’s just a big ol’ square with a tail in the middle of the United States.
Haven’t you even gotten into your car to, say, drive to a friend’s house and wondered why you were instead headed off to work? Be honest. We all do it. OK, maybe I am only the driver in Sacramento who speeds up to shoot way over across all of those lanes on the W/X freeway from Riverside and, before she realizes it, discovers she is heading out I-80 instead of Highway 50, or vice versa.
When you list homes all over Sacramento like this real estate agent, it can happen. Which is why I have a new system that prevents it. I repeat to myself which freeway I need to travel before I embark on the journey. Interstate 80 or Highway 50? I know the answer when I leave my office.
Sometimes, though, our cars just take the path of least resistance, the path most often traveled, and there’s not a lot we can do about it, especially if we’re yakking away on our Bluetooth device about Sacramento real estate. I might initially intend, for example, to go to PetCo, which is east of me, and find myself driving north to my office. It happens when our minds are preoccupied, and it’s not necessarily an age-related thing.
Maybe those Southwest pilots were playing Angry Birds when they landed at the wrong airport. It can happen, just saying. Of course, I am not a passenger on Southwest who expected to arrive at a different destination. It would be like expecting to land in Sacramento but finding myself in San Diego. But both cities start with an S. I suppose that I can see the similarities if I squint really hard and sing at the top of my voice Leaving on a Jet Plane.
How to Work With Emotional Real Estate Agents
Do you ever have days when you feel compelled to tell some whiny person to just put a sock in it? I’m not talking about my husband, in case he’s reading this and wondering. It’s the buyer’s agents who can get all excited and turn into white knight agents, turning up the volume and drama over some piddly little thing, when the agent hasn’t even spoken to the buyer. A Sacramento real estate agent can’t take this kind of stuff personally because it’s not personal. It’s some other agent’s misaligned ego that’s doing the talking.
This is not to say that to be successful in real estate that an agent needs a skin as thick as an Everglades alligator. To the contrary, good real estate agents need a really big heart and hearts can be broken. More important is the ability to put situations into perspective, to be calm, rational and think things through before reacting.
I suspect that the aforementioned is called adulthood, although I’m not really sure. Because not having any kids to use as a measuring stick, I’m not certain I have fully developed into an adult. The days all sort of look the same to me, and then one day I look in the mirror and I’m over 60. Unsupervised because my parents are dead and gone. Nobody to account to but myself.
People tell me I have an even temperament. Probably because I am not the type of person to explode as my immediate reaction to something seemingly stupid — even if inside my brain I’m thinking WTF, I don’t say it until I’ve thought through the situation. Like, take a buyer’s agent who asks me if the seller will accept, oh, say, $50,000 less on a brand new extremely well priced listing. An agent will ask that question because buyers asked.
Instead, I wonder why that agent has not studied the comparable sales in the neighborhood. I wonder why the agent hasn’t taken the time to educate her client. I wonder why the agent is in real estate, and how long it will take before she ends up behind the counter at Starbucks. But I don’t say any of those things. I just ask why. Asking questions is the best way to diffuse potentially explosive situations. It’s also a good way to find out what another person is really thinking before jumping to conclusions.
The Sacramento Short Sales Nobody Wants
It’s not surprising that I often agree to tackle the Sacramento short sales that no other real estate agent in Sacramento wants to handle. That’s because I don’t discriminate. As long as the seller’s situation warrants a short sale and this agent can see that short sale closing, I will list it, sell it, negotiate it and close it. If I don’t believe the short sale will close, I don’t accept the listing. Keeps life simple.
But what I think will close and what another agent in Sacramento believes will close is often two different things. That’s because there are agents who will not touch a short sale in which the seller owes money to more than one lender. These agents do not want to work on a short sale with two loans or more. They’ve been burned once or twice by second lenders so they automatically assume all second lenders are reluctant to cooperate with a short sale or they want to blackball certain lenders, which is so wrong.
Every short sale is unique. Every short sale is different. What a second lender might do in one transaction could be the opposite in another. Any Sacramento short sale agent worth her salt knows that it’s a defeatist attitude to automatically wish for the worst.
I’m thinking the reason that agents might lose enthusiasm for a short sale is because they probably haven’t closed enough of them. According to Trendgraphix, I have closed more than $65 million in short sales, more than any other short sale agent in the Sacramento seven-county area over the past 8 years. I’ve learned a thing or two negotiating this volume of short sales. The most important is not to be overly judgmental and to deal with the facts at hand. If it’s a little bit extra work for me, so what? That’s what I’m paid to do.
Just closed a short sale last month in which well-meaning buyer’s agents predicted disaster. They didn’t want their buyers to make an offer on the home because they thought the roof needed too much work. You know what? The roof never came up, and it sold FHA. The home inspector did not find any problems, either. Agents also thought the home was priced too high, yet it sold for a little bit more than its original list price. Other agents complained that the short sale had two loans and would take too long to get approval, if the second lender agreed at all because some agents had a bad experience with that particular lender.
The facts are we accepted an offer on October 18th, and we closed escrow on December 23rd. We had short sale approval from both lenders before the end of November. Plus, the seller pocketed $3,000 through the HAFA short sale program at closing. Everybody was happy, except those naysayer buyer’s agents who did not go to escrow due to ignorance.
How an Elk Grove Home Buyer Hoodwinked a Buyer’s Agent
Google suspicious Elk Grove home buyers
This weird homebuying story has been turning over in my mind ever since it happened as I’ve been debating whether I should write about such a wild and wacky situation. Today I say what the hey. It might save another buyer’s agent in Elk Grove from humiliation. Certainly, it could put another Elk Grove real estate agent on alert as this criminal is still on the loose (he wasn’t reported to the police). Although, no seller wants to take her home off the market for a phony buyer who is playing a con game, either.
Most real estate agents in Sacramento and Elk Grove go about their business trusting other people to be who they say they are. We don’t normally need to verify identification or missions. If a buyer says she wants to buy a home in Elk Grove, typically she produces a pre-approval letter, specifies her wants and needs, and we show homes. It wouldn’t hurt for agents to be a little less vulnerable, though.
This particular “home buyer,” we’ll call him Clarence, hauled his group of kids and wife to see a home in Elk Grove. His agent — not me, of course — picked him up at his home because Clarence did not have a car. Clarence also did not have a computer so he could not look at homes online, but he knew what he wanted: a gorgeous home with 5 or 6 bedrooms in Elk Grove. Clarence negotiated, through a counter offer no less, to buy a home in Elk Grove for cash. Half a million.
Where was the money coming from, otherwise known in the industry as Proof of Funds? The purchase contract gives a buyer 3 days to produce it. The buyer’s agent promised the listing agent the funds were coming. Every day, same story. That was enough to make the listing agent suspicious but the buyer’s agent was still hopeful. Where are the proof of funds, the listing agent asked again and again.
Turned out Clarence’s brother had won the lottery. No joke! Not only that, but Clarence had bought two brand new cars from Elk Grove Ford and those vehicles would be delivered at the end of the week to Clarence’s present home in Elk Grove.
You might ask yourself who would believe such a story — but then you don’t know real estate agents and how gullible many real estate agents can be. There is an entire industry that sells books, tapes and seminars to real estate agents because they can be so easily snookered. Who better to sell to than another salesperson? Well, I guess one could sell to a con-artist.
To be fair, an honest person might have a hard time believing that another human being would pull such a stunt, in addition to asking what’s in it for the con artist? The buyer can’t close escrow if he doesn’t have any money. He is not getting the keys early so he can’t take possession. What’s the point? I suspect the point is to dream. Maybe drive by and tell friends that he is buying a home for half a million. Perhaps to cruelly punish the children when they don’t bring home A’s on their report cards. “I promised we’d buy that house if you got an A in Science, but you failed, so . . . “
Maybe there is no rationalization at all. Maybe the buyer is mentally ill? At some place one needs to stop hoping for the best, look at the excuses and piece the situation together. There is always Google, too. Turns out Clarence had been arrested for stealing cars. He gave a Mercedes dealer a fake check and had driven off in a Mercedes before the police nabbed him. Clarence had been arrested several times, and his alleged wife (he probably wasn’t married) has a police record, too.
Since when do Mercedes dealers take a check?
Maybe it’s not a bad idea to Google your Sacramento home buyers, check Facebook? Especially if something doesn’t seem right. Trust your instincts.
