Email Elizabeth
JaCi Wallace
If You Don’t Buy My Home in Sacramento I Will Sue You
If you don’t buy my home in Sacramento I will sue you. This is what some sellers may consider doing. There are some buyer’s agents in Sacramento, and probably in other cities as well, who believe it is perfectly OK to write multiple offers for their buyers, even if the buyers can’t afford to buy all of the homes. Well, one day somebody will say no, it is not all right, and if you are in contract with me and another seller, you either decide to buy my home or I will sue you.
Sellers can sue for damages. You might say what damages? How about taking the home off the market and placing it into pending status, now going back on the market in “back on market” status so other agents and buyers now wonder what is wrong with the house? How about canceling the home staging and now needing to rehire the stagers at additional costs and shoot all new photographs? Are there are potential damages for allegedly breaching the contract in this situation? These are questions you should ask an attorney for legal advice.
It’s just not a good idea to write multiple offers. If you don’t buy my home in Sacramento I will sue you is not a sentence you want to hear. If you can only afford to buy one house then only write one offer. You can read more about what happened in my personal blog today in this link: The Consequences When Buyers Write Multiple Offers.
If you are interested in selling real property or purchasing a property please contact Weintraub & Wallace Realtors, Elizabeth Weintraub & JaCi Wallace. We can be reached at 916-233-6759. JaCi Wallace Dre 00773532 is with RE/MAX Gold Real Estate.
JaCi Wallace / Weintraub & Wallace
What to Say to an Agent if You Are Not Ready to Buy a Sacramento Home
What to say to an agent if you are not ready to buy a Sacramento home. It’s pretty easy to call a Sacramento real estate agent and ask about homes for sale. Zillow publishes our phone numbers under an alias phone number, and I register that alias in order to report telemarketers, along with the alias at the Do Not Call List. But buyers and sellers and prospective clients are certainly welcome to call this Sacramento real estate agent.
We receive a ton of phone calls from a variety of websites throughout my workdays. Not all of those callers are actual home buyers or home sellers, though. Some callers are kids in high school and simply curious about the cost of a loaf of bread, which they would never purchase nor toast, on top of which, this is not Safeway, but what the hey, this crap comes with the territory.
One guy left a text message way after bedtime around midnight. He followed it up with an angry email at 6 AM wondering why he had not received a response. I wondered if he had ever made it to bed or if he was still drunk and whether his parents know where he is.
Read more in my personal blog today about If You Aren’t Ready to Buy a Home in Sacramento.
If you are interested in selling real property or purchasing a property please contact Weintraub & Wallace Realtors, Elizabeth Weintraub & JaCi Wallace. We can be reached at 916-233-6759. JaCi Wallace Dre 00773532 is with RE/MAX Gold Real Estate.
How to Handle Difficult Real Estate Agents and an Occasional Whiny One.
How to handle difficult real estate agents and an occasional winey one. You know, I think pragmatism gets a bad rap in the real estate business but it’s actually a very useful way of dealing with conflict. We all run into the people who make mountains out of molehills, and real estate agents in Sacramento are no exception. It’s almost like you touch gingerly tap some of them and you have to jump back before they combust and light you on fire. But that’s true in any walk of life and not just real estate in Sacramento.
Sometimes it’s just being honest with agents no matter how much they complain. For example, recently I had an agent that wanted to present two different offers for the same buyer. The offers were the same price it was that one was cash and the other was a loan. Her client didn’t want to lose out if we had other cash offers, which we did, and many offers were way over list price. There are 15 offers in total.
It was a fixer-upper in a great area, a very rare desirable property. One of my Probate/Trust lawyers referred me to these clients. This buyer’s agent could not grasp why that was not necessary to write several offers for the same buyer. Then she wanted me to tell her which offer was more likely to succeed cash or a loan? I of course said I can not tell you anything, you just need to write and submit your highest and best offer.
After trying several times I finally just said NO, you can not submit two different offers for the same buyer. Finally, out of patience a firm “no” was the response. She started to whine at which point I said the sellers have an attorney that is going to review the offers. This attorney has no interest in working with difficult agents or difficult buyers they want a smooth escrow. At last, the agent reluctantly said OK. Sometimes there is nowhere to go and you have to shut down a conversation.
You can read more in our personal blog today about How to Work With Emotional Real Estate Agents.
If you are interested in selling real property or purchasing a property please contact Weintraub & Wallace Realtors. We can be reached at 916-233-6759. JaCi Wallace Dre 00773532 is with RE/MAX Gold Real Estate.
New Year = New Mortgage Strategy
New Year = New mortgage strategy is a fabulous blog full of interesting insights and relevant topics for any month of the year ~~ JaCi Wallace. Enjoy! While Covid-19 plunged the United States into a recession, the housing market exploded because of historically low housing supply and lower mortgage rates. Although this has been very nice for folks who own homes, it’s been problematic for the growing number of buyers who are being shut out of the housing market altogether. I will save that puzzle for another day, as I want to talk about Mr. and Mrs. Homeowner and what they do now with this unprecedented appreciation they are sitting on.
Side note
I recommend this quick read by Laurie Goodman, the VP of the Urban Institute, where she notes that homeownership is one of the most effective ways to build wealth and stability. According to the US Census Bureau in 2015, the median net worth for a homeowner is 80 times that of a renter. Now, that is striking.
I digress. Now, for you homeowners, let’s get into all that equity you have accumulated. With the new year approaching and, I am sure, a few New Year resolutions, why not make improving your financial future one of them? Maybe pay off some of those high-interest rate credit cards, increase your cash flow, or pay a little extra in principal to drive the balance of your mortgage down – and build a nest egg of equity to be used in the future. Even with higher rates, a new mortgage may make sense. I recommend that my clients review their mortgage options every year to maximize their savings.
WHAT IS MY HOME WORTH?
Maybe you don’t have a firm grasp on your home’s value or built-in investment opportunities. This free tool is something most of my clients use to track their wealth by keeping an eye on their homes value, loans, equity position, and market trends – Click here. (In case you overlooked it, It’s free, and the information is specific to your property and debt!)
Let’s keep this super simple for now and examine the following items:
#1) Future Goals
Do you think it’s time to use some of this equity to buy up and get into that forever home or neighborhood you have been dreaming of? Or maybe it makes sense to tap into your equity to help with your child’s education or build that additional bonus room onto your existing home or a new kitchen and bathrooms to modernize your home; the list goes on. My wife reminds me that dreams are free, so dream big! Then consult your favorite mortgage professional or financial planner to assist you.
#2) Your Current Debt Levels
Look at your current unsecured credit cards, lines of credit, and possibly vehicle loans (probably not). Don’t pay more interest if you can tap into your equity and dramatically reduce your bottom line, and allow your income to serve you better. Maybe invest in higher return index funds to help in retirement, or fund six months’ worth of expenses in your “emergency bank account,” or perhaps finally have that something special you have been wanting but could not afford – Or all of these!
#3) Your Next Home Purchase
I agree with Laurie Goodmans’ sentiment that homeownership is a highly effective way to build wealth, so maybe you are thinking of that 2nd home up in the mountains or an investment property? The New Year is your time to reflect on your equity and then use the tools and mortgage and real estate professionals you trust most to help you with a strategy to accomplish these dreams (as my wife puts it).
If you are thinking of being pre-approved for a mortgage loan or refinancing your current mortgage please give Dan Tharp a call. It is that time again as a New Year = New Mortgage Strategy.
If you are interested in buying or selling a real property call Weintraub & Wallace Realtors- Elizabeth Weintraub & JaCi Wallace can be reached at 916-233-6759. JaCi Wallace, DRE 00773532 is with RE/MAX Gold Real Estate, in Sacramento.
HAPPY NEW YEAR!
Dan Tharp NMLS# 280913
916-257-1470
Guild Mortgage
Selling a Rental Home That is Occupied by a Tenant in Sacramento
Selling a rental home that is occupied by a tenant in Sacramento can have its challenges. It’s certainly easier for a Sacramento buyer’s agent to show a vacant home over occupied premises, but four bare walls and a window can be kind of boring. I know there are agents who don’t want to make appointments to show homes, and they would prefer it if all homes were vacant, so they never had to worry about being on time or adhering to a schedule, but that’s just not possible.
We try to accommodate buyer’s agents as much as possible. Sometimes, this means giving agents a window of time during which they can show without an appointment. You see those listings where it says to call the listing agent to show, and you may as well hang on a sign on the house that says no buyer’s agents need to bother with this listing because the listing agent intends to find her own buyer.
Read more in my personal blog today about tips for Working With Tenants When Selling a Rental Home in Sacramento. If you have a rental property that is occupied or not occupied by a tenant call Weintraub & Wallace Realtors. We have decades of experience and enjoy selling rental properties. We can be reached at 916-233-6759.
JaCi Wallace
RE/MAX Gold Real Estate
