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JaCi Wallace
How Do Sacramento Appraisals Work?
How do Sacramento appraisals work? Appraisals are something that is always interesting to talk about. This excerpt below was provided from a blog, which Elizabeth wrote some years back. It got me to thinking about the various appraisal challenges we have had. A great subject to write about today for our blog.
One of the actions we take to assist with the appraisal process is to provide the comparable sales that support our list price. When our listings go pending we change showing instructions to not reflect a lockbox. This ensures the appraiser calls us to get in so they can’t enter without us. As if they can get in and out they may leave with very little information and then a low appraisal. Additionally, we provide the appraiser all the upgrades and features that support our list price. Many appraisers want to bring the value in however, without the added information we provide the appraisal can come in below the sales price. What does a low appraisal mean to a seller? A topic for another blog, the impacts of a low appraisal in escrow.
— JaCi Wallace
“People think Sacramento appraisals are etched in stone, but that kind of thinking is flawed. Appraisals represent an opinion of value. Get 10 appraisers together in a room, and you’ll have 10 opinions of value, and some of them will undoubtedly be worthless. But that doesn’t stop people from thinking their home in Sacramento is worth a certain value because the appraiser said so or the agent said so.
Market value is that price, at which a seller is willing to sell and an able buyer is willing to buy. It’s when you throw a lender into the mix that appraisals come into play. This is a reason sellers tend to prefer cash buyers. When you throw an appraiser into the transaction, it’s not unusual for market value to vanish — poof! The appraisal is for the lender, to protect the lender’s security; it’s not for the buyer, even though the buyer pays for it.
–Elizabeth Weintraub”
So, how do Sacramento appraisals work? When you hire full-service Realtors to list your property, we work with the appraiser to do whatever we can to reduce appraisal value issues. To ensure your appraiser is provided all information available, call Weintraub & Wallace Realtors with RE/MAX Gold. We can be reached at 916-233-6759.
A Real Estate License Won’t Help You to Buy a Home in Sacramento
” A Real Estate License won’t help you to buy a home in Sacramento. ” This excerpt was written by Elizabeth, several years ago. A blog that was absolutely right on target. I agree a Realtor has no professional distance when they are buying, without representation, no matter how much experience they have. Can you be fully objective when you are also the client and not familiar with the area?
When buying out of the area and representing yourself it is like rolling the dice, I prefer much higher odds. A local expert is always worth the cost. Often when we are representing clients we can potentially save them $1,000’s of dollars. In some cases, it has been 10’s of thousands and yes even hundreds of thousands of dollars saved. As we are executing without a conflict of interest, emotions are in control. I often tell clients when their emotions are engaged, though I understand the worry, I must stay focused to navigate the transaction. My job is to keep us moving forward through each milestone. — JaCi Wallace
It’s hard to turn around at a party in Sacramento and not spill the drink of a Sacramento real estate agent. Snort as you may, not every person who holds a real estate license should be holding a cocktail much less trying to earn a living from said license, but that doesn’t stop them from getting drunk and/ or practicing real estate.
On top of this, we’ve also got the agents who want to represent themselves to buy a home in Sacramento. Especially agents from the Bay Area. You know what they say about that, right? A fool for a client. I look at my own situation. I’ve been in the real estate business for more than 35 years, so I’m not exactly a rookie. I like to think I know what I’m doing. But if I were buying a home out of my area, I would hire a local expert. The few thousand I would earn (and I use the word “earn” loosely) to represent myself is not worth the tens of thousands, perhaps hundreds of thousands, I could lose.
— Elizabeth Weintraub
If you would like to buy a property for yourself and you have a real estate license, or a broker’s license, call Weintraub & Wallace Realtors with RE/MAX Gold for professional representation every time. We can be reached at 916-233-6759.
–JaCi Wallace
Is Team Roping a Hobby?
Is team roping a hobby to some or is it a second career to others? This photo is a picture of my son, J.T. Bradley, roping the horns of the steer; he is called the header. The heeler lassos the two hind feet (hooves). This is a timed event. If the heeler only ropes one hoof, a 5-point penalty is issued. Now each rider has a score, based on skill level. The teams are put together by a combined score. You always are not roping with the same partner; this depends on if your attempt received a score. If the team fails no score for the attempt.
It was so much fun to watch J.T. practice in Galt, which has rural real estate much like Wilton and Elk Grove in Sacramento county. Team roping requires a huge commitment and a big wallet expense. J.T. brings 2 horses per rider to switch off as it is hard work and the horses get tired. Next week, he goes to Reno for the finals in a National Championship week. There are huge entry fees and, of course, the horses take a financial investment each and every day with long days of training to be competitive.
Riders of all ages and both men and women compete in this team roping sport. If you get a chance to see a team roping event, I think you will totally enjoy it. It is like watching an old western about the wild wild west. It is an exciting sport. Roping training happens in rural real estate locations.
Team roping a hobby to some or a second career to others? Believe it or not, team roping has much in common with real estate. Both take a team of individuals working together toward a common goal. Real estate has its own sense of adventure. It also is a hobby to some as well as a career to others. Neither team roping nor real estate is ever boring.
Highly successful Realtors work day and night to make it happen in Sacramento real estate. Our team consists of 2 listing agents, 3 exclusive buyer’s agents, and a full-time transaction coordinator. Call Weintraub & Wallace Realtors with RE/MAX Gold, if you would like a professional team of talented agents to help you buy or sell real estate. We can be reached at 916-233-6759.
–JaCi Wallace
The Realtor Takes Keys After Showing the Listing
On our Natomas listing, the Realtor takes keys after showing a listing. Can you believe it? Our lockboxes register the time and the buyer’s agent’s contact information. An agent called me 15 minutes after that last Realtor showed it. She said the lockbox was open and no key was in it.
We immediately looked online found the previous agent who showed it and she had taken the key. I called and asked her to please bring it back asap as an agent was at the property waiting to show it and could not get in. Her excuse was that the buyer had handed her all of her keys and she must have gotten them confused. This is why we have vendor boxes on the property as a back up for an extra key.
When I tell people these things can happen at my listing appointments, the sellers are shocked that this goes on, but alas it does. The fact a Realtor takes keys after showing a listing is just one of the things we carefully coach sellers on as to why we ask for multiple keys.
If you want to sell your property, call Weintraub & Wallace Realtors with RE/MAX Gold as we answer our phones and respond immediately to our listings. We can be reached at 916-233-6759.
— JaCi Wallace
Happy Saturday Sacramento
Happy Saturday Sacramento. Real Estate has been extremely busy this October, with 2 new listings this week and many more offers. Even so, we encountered a price reduction for one listing and still held many open houses. We are seeing multiple offers and rural real estate take center stage. It has been a productive Saturday and all of our phones are ringing off the hook, although, not literally, because we have no hooks on which to drop our phones these days.
Our team wishes you a happy Saturday, Sacramento. We hope you will all be out touring open houses tomorrow. An upcoming blog will show the September statistics, so stay tuned.
If you want to sell or buy a property call, Weintraub & Wallace Realtors with RE/MAX Gold. We can be reached at 916-233-6759.
–JaCi Wallace
