Email Elizabeth
JaCi Wallace
Title Held In Trusts And Divorce
Dealing with title held in trusts and divorce is an interesting topic. When people get married, they often create a trust together. In general, they are each named as a trustee. When they buy a home, the title is often put into a trust. Unfortunately, in some cases, divorce happens. On this topic, I received a phone call from a referral source. He said he had met someone divorcing and they needed to sell their home.
Signing documents online is generally simple enough. This may not be possible in a divorce, especially if they are still living together in the property. When the clients can not agree, and I am in the room or on a conference call, sometimes I excuse myself. During the details of trusts and divorce when signing a listing agreement, with communications between the parties strained, I always say call your attorneys for legal advice.
When escrow closing happens, the sellers usually have the proceeds wired to their bank. One couple got creative and opened two separate bank accounts with each being named as a trustee signer, in the name of the trust. The title officer said, no, she could not split the funds into two different accounts. Her reason was the official trust documents named both co-trustees, so they had to have one account in the name of the trust. Both trustees had to be on the trust checking account, jointly. The trustees went back to the bank and opened another trust account.
What I love about real estate are unique situations that occur and working through them. Title held in trusts and divorce is a topic of much discussion. I recently attended the Placer County Association with fiduciaries attorneys and trust planners. The topic was trusts and divorce. Always trustees and successor trustees should consult with their attorney for any legal advice.
From the title officer’s guidance: keep your trust checking account in place as joint assets may need to be deposited into that account for distribution. For trusts and probate sales, call Weintraub & Wallace Realtors with RE/MAX Gold. If we don’t know the answer, we will find it from one of our many experts. Our title officer has been in the business for 35 years. To reach us call 916-233-6759.
— JaCi Wallace
5 Star Realtor Team Review Sacramento Probate Sale
Attached is a 5-star Realtor team review for a Sacramento probate sale in the Boulevard Park area of Sacramento. This recent review was posted online from a very happy client. Reviews are so important and the highest compliment a client can provide.
Highly likely to recommend *****
09/13/2019 – Carson Zabel bought a condo home in 2019 in Boulevard Park, Sacramento, CA. Review for member: JaCi Wallace
- Local knowledge: 5 STARS
- Process expertise: 5 STARS
- Responsiveness: 5 STARS
- Negotiation skills: 5 STARS
JaCi & Crew: Thank you so much for everything. We are all so happy with the home and the neighborhood and the price and the painter and the locksmith …
JaCi has A+ tradespeople referrals & set up appointments for us — above and beyond. Lots of smiles and contentment about this whole deal. So glad that not only this home fell into our laps, but that JaCi did as an agent. JaCi isn’t just JaCi solo agent, she has a great Realtor team that supports her and supports you as the buyer throughout the transaction and beyond it.
I’m so impressed with how well JaCi handled the deal and how easy she and her team made everything associated with it, promptly providing information and guiding us as we needed it, making us feel comfortable and assured. JaCi & Crew are professional, sensible and understanding. A+ agent, A+ office, A+ service. Great communicators. Excellent real estate and local knowledge. Thanks again!
If you would like to buy or sell a property, call Weintraub & Wallace Realtors with RE/MAX Gold for 5-star Realtor team premium service.
Weintraub & Wallace
Will Discount Internet Real Estate Bokerages Replace Local Realtor Expert?
Will discount internet real estate brokerages replace local Realtor experts? We recently took a listing as a seller found us online. She had previously been on the market three months. Poor seller made the mistake of hiring a discount internet Realtor.
She said they told her to buy a vendor combination key box, and she made flyers and showed the property. The property sat for these months while the seller made three house payments, paid HOA fees, utilities and maintenance costs. These ongoing expenses were triple the amount she potentially would have saved. If a property doesn’t sell with a discount brokerage, it doesn’t mean much. Happens a lot.
We took the listing, immediately staged the home and started our complete marketing plan. Our open houses generated several opportunities and we put the house in escrow within 30 days with a fabulous offer. The seller was thrilled and so appreciative. The best money she spent was . . . wait for it, hiring a quality local area real estate team!
Will discount internet real estate brokerages replace a local Realtor expert? Not likely. Self help real estate does not work. We were thrilled to sell this property for the seller.
If you would like to buy or sell a real property, call Weintraub & Wallace Realtors with REMAX Gold. We can be reached at 916-233-6759.
– JaCi Wallace
Market Cycles in Sacramento Real Estate
Market cycles in Sacramento real estate can be confusing to new buyers entering the Sacramento market. Homes fly off the shelves in some areas, and other areas may take a while. Take the condos in Alicante Villas for instance. The days on market for past closed sales in this complex are higher than the days on market for single family residences in the area.
What can buyers do to increase odds in their favor? Buyers need only do one thing, just conform to the market cycles. When your agent completes a market analysis on sales in an area you want to live, if homes are selling over list, offer over list. Buyers, whatever the trends, strike quick and aim to win every time you sign an offer.
What often happens is, although many of us have over 20 years of experience, our clients do not always listen to us. A favorite saying of mine: I’m just the expert but you are the boss.
If you want to purchase real estate and write offers that win regardless of market cycles, please contact us at 916-233-6759, Weintraub & Wallace Realtors with RE/MAX Gold Sierra Oaks.
— JaCi Wallace
September 11th Is A Day Of Remembering
September 11th is a day of remembering for many people. There are certain days in your memory where you know where you were standing and what you were doing. It was a day I will forever remember. Also, it was my Sister’s birthday. This is a hard holiday for her as she doesn’t feel like celebrating on September 11th. We celebrate her birthday a few days after.
It is a day each year where I tend to work a bit harder. It was a busy day in real estate and so much going on. The year is almost 2/3 of the way over and we are quickly approaching the year 2020. So, September 11th is a day of remembering. It was also a challenging day in Sacramento real estate .There were escrows closing and new listings to work on. The day quickly came to a close. There is always more to do each new day.
If you are interested in buying or selling a home please call Weintraub & Wallace Realtors with RE/MAX Gold. We can be reached at 916-233-6759.
–JaCi Wallace
