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Wild Wednesday Real Estate
Wild Wednesday real estate. What a day, as it starts with an office meeting, team meetings, two new listings, rescuing a homeless kitten, negotiating repair requests. Then, communications on listings and escrows, over 200 emails, 35 texts and 15 phone conversations later, it was a crazy Wednesday real estate. This is not a tedious job, lol.
If you want to list or sell a property with Realtors who can ride out the busiest day and still find time to market your property, call Weintraub & Wallace Realtors, at 916-233-6759.
— JaCi Wallace
A Blog A Day Keeps The Doctor Away?
A blog a day keeps the doctor away, or is it is “an apple a day keeps the doctor away?” Either way, both blogging and eating an apple a day are healthy things to do. I try to do both, and sometimes I do them together. Late at night, when I’m preparing to write a blog, and I really want to eat a candy bar or a big bowl of ice cream, instead I often grab a big fat juicy apple and put my laptop in dictation talk -to- text mode.
Terrific Tuesday ended today upon arrival home from work at 10:30 PM. I had a late appointment in another county with a 90-year-old, very sharp client. She wanted to review all of the disclosures and of course that took several hours. This was one of those 5-hour appointments that can happen on a few occasions. There was a lot to see as the HOA area is as large as a small city and has an amazing lake. This community has everything, but then that is another blog post.
If you are in need of professional representation when buying or selling a home, please call Weintraub & Wallace Realtors at RE/MAX Gold, call 916-233-6759.
— JaCi Wallace
Terrific Tuesday In Sacramento Real Estate
Terrific Tuesday in Sacramento real estate can mean many things to many people. We closed an escrow on Boathouse in Natomas. Today on terrific Tuesday, the funds wire into our seller’s account. Also, the buyer’s agent and I both get paid today. So far, so good, lots of positive things are happening. Also, today sent out a multiple counter offer for another listing in Natomas. It is due back by the end of the day today. This seller is going to be very excited to get into a purchase contract. It is turning out to be a terrific Tuesday, but wait there is more.
Today, our team signed a new listing in Rancho Cordova. It is completely remodeled, to the studs. Both the seller and her husband met with me today for the final turning over of keys. The housekeepers are scheduled for Thursday. The contractor is finishing up a short punch list. Professional photography is next and we will do some virtual staging. They could not have been more grateful. Such friendly people make you love your job even more if that’s possible. They are both retired, a Pharmacist and a Physician, both originally from Vietnam selling a long term rental.
Also, I met with a new client today that found me on Zillow. The property is in Sacramento County. This bright young woman doing her research on Realtors and contractors. She was considering doing quite a bit of upgrade work on a recently vacated rental property, she owns. We discussed a change of plans which will save her quite a bit of money. The area does not support these types of high-end improvements. This was certainly a terrific Tuesday for her as saving money is always well received.
When deciding on improvements to increase the resale price of your property, always consult with your Realtor. Over-improving a property does not conform to every neighborhood.
We wish you a terrific Tuesday in Sacramento. If you would like to purchase or sell real estate, please don’t hesitate to call Weintraub & Wallace Realtors, with RE/MAX Gold, at 916-233-6759.
— JaCi Wallace
How To Cancel a Listing or Purchase Contract
Wondering how to cancel a listing or purchase contract? Below is a previous post on another site written by partner Elizabeth Weintraub. What is so interesting — it’s as relevant today as when written, more than a decade ago. These questions are asked often by the public when visiting our website about: Sacramento Real Estate.
“It’s too bad that you can’t just rip up a contract to terminate an association or an agreement, but that’s not how it works. To find out if your contract can be canceled, the first step to take is to read the contract. Contracts typically contain a provision for cancellation.
Many contracts are bilateral, meaning a promise for a promise. If the other party is not living up to its promise, it’s possible you may have grounds for cancellation.
I give my clients personal guarantees that if at any time they are unhappy with my services or if they feel I am not performing as agreed, I will cancel the contract, whether it’s a listing agreement or a buyer’s broker agreement.
Because I am not a party to the purchase contract — at least not in California — I cannot cancel a purchase agreement. Only buyers and sellers (or the court) can cancel a purchase agreement. But purchase contracts contain provisions for cancellation and, in most cases, the buyer can get her deposit back. I’ve heard of buyers these days walking away from signing loan documents and canceling the contract at closing. The buyers either got cold feet, found a better property to buy or simply changed their minds. Of course, THAT leaves the buyer’s earnest money deposit at risk, but for some, it’s not enough to worry about.
If you require legal advice, however, by all means, contact a real estate lawyer, because real estate agents are not licensed to give legal advice.
Here is more about how to cancel a contract.“
— Elizabeth Weintraub
If you are interested in selling or buying a home, we are here to help you achieve your goals in real estate; call Weintraub & Wallace Realtors at RE/MAX Gold, 916-233-6759.
Real Estate Contracts Using Digital Signatures Like DocuSign
Real estate contracts using digital signatures like DocuSign can be an excellent tool, or it can be a real pain. Yesterday was a prime example. We received a purchase contract on one of our listings in the morning. We sent it out for digital signatures. Our seller had signed it but evidently didn’t click on the finish button. This stalled the entire process. I contacted our seller, but he said he had completed the process and could not finish it. I logged on to DocuSign, and it was not complete. What to do?
Though he was the only legal signature required for his corporation, he also has a silent partner. He informed me he wanted them both to sign the agreement as well. We uploaded the second signer and sent it out again for signatures. Still, no completion alert came in the email. The second attempt had also stalled yet again. Also, the purchase contract had now expired. It is feeling a bit like Groundhog Day at this point.
Signing real estate contracts using Digital signatures like DocuSign was undoubtedly proving to be a challenge for our sellers. DocuSign email also can only sign one person at a time before it is automatically sent to the next person to sign. I always sign first, so I know it went out. The second signer, the managing partner, seemed to be having issues. Or, perhaps he wanted to see his partners’ signatures before he signed? I decided to upload the purchase contract yet again and add my extension of time addendum, which included verbiage: “this is an as-is sale, the roof and pest damage would not be repaired.”
Third time is the charm. I decided to place the second partner of the corporation into first place as a signer, so the managing partner would sign last. it is now 6 PM as the partners were busy during the day. This time It worked like a charm. The purchase agreement came back fully signed. We are now in escrow. Technology is helpful, but it can not replace human interaction. DocuSign could not know to add on another buyer. It does not resend when stalled with the second party. Also, it is not intuitive, so it could not figure out what was needed as there was another factor that had not been communicated; the managing partner needed to see the second partner’s signature, before feeling comfortable to sign.
Maybe someday DocuSign will be able to ask questions and complete the process without human intervention. These are not new glitches, and they’ve not corrected this glitch in the last 17 years. I was the first Realtor to use a laptop and digital signature in my office. I had a buyer friend, Jason Smith, and he worked in the technology field. He wanted to buy a home in the Phoenix Field area of Fair Oaks. He said, ” You do use digital signatures, right?” I replied, ” I do now.” I logged on and used it for the first time. Jason signed the offer, and within two hours, including showing the property, I had the proposal sent to the agent’s email. The offer was accepted within 10 minutes. I knew at that moment, my life as a Realtor was about to change in a big way.
Before DocuSign-type technology was available, I had been delivering offers in person or by fax. I no longer use a fax machine. My transaction coordinator has e-fax in the event a client who is not comfortable with digital signatures needs to fax. The moral of this story, technology can expedite; however, in this case, I could have driven to the two partners’ homes, obtained the signatures and scanned them to the buyer’s agent in less time than the digital process had taken yesterday.
If you want to buy or sell using digital signatures, call us as we never give up. We will sign you in person or use fax if needed, whatever it takes. Call Weintraub & Wallace Realtors at RE/MAX Gold, 916-233-6759.
— JaCi Wallace
