Email ElizabethA Realtor’s Annual Physical
A Realtor’s annual physical is always interesting. To learn all the things about your health is always interesting. You learn so much about how to improve all of your scores on the health profile.
What is important is that you have a physical and compare how other people you know with health issues are trying to improve their health.
If you are a Realtor and want to sell real estate for a very long time, a good idea is to complete a Realtor’s annual physical.
If you are interested in selling your real estate, please call Weintraub & Wallace Team with RE/MAX Gold at 916-233-6759.
— JaCi Wallace
How Long of a Listing Should Sellers Sign?
How long of a listing should sellers sign? Below is a previous post for another website written by Elizabeth. This topic is relevant, timeless and a question sellers are curious about. Enjoy. — JaCi Wallace
Sellers rarely question the length of their listing contracts. They simply accept whatever term the agent puts into the listing agreement. However, it is the seller’s responsibility and legal right to choose the length of the listing. Although, agents can help guide a seller by suggesting a listing term based on the average days on market, it is not the agent’s decision to make. It is the seller’s.
I prefer to take six-month listings, but it also depends on what the seller prefers. For me, it’s less paperwork to take a six-month listing (instead of re-listing at the 90-day mark because we went into escrow on Day 61). But to compensate for longer listing terms, I give my sellers a guarantee that I will cancel the listing at any time if they are unhappy with my performance and service. I have yet to work with a seller who asked me to cancel a listing, but the offer is always there. Because should a situation arise, for some reason, that cannot be resolved, I would rather let my seller go than hold an unhappy consumer to a contract.
Not all real estate agents will give a guarantee, however. Once you sign that listing agreement, you are legally bound to work with that agent, providing the agent continues to work for you. Some real estate brokerages will not release a seller under any circumstances. They might offer to assign a different agent at the company to work that listing, but they won’t let the seller go. I guess those companies don’t mind the bad publicity and ill feelings.
Read more about How Long of a Listing Should You Sign?
If you would like to list your property, please call Weintraub & Wallace Realtors with RE/MAX Gold. We can be reached at 916-233-6759.
Elizabeth Weintraub
Why Agents Accept Overpriced Listings
Why agents accept overpriced listings was written by Elizabeth for another web publication, previously. This information is completely current in today’s market as well. Enjoy. — JaCi Wallace
So, the for sale sign goes up down the street, and the first thing neighbors will do is call the listing agent to ask, “How much?” (Unfortunately, that’s often the number that gets stuck in that neighbor’s head when that person decides to sell the following month / year, but that’s another story and another blog.) A neighbor’s first response upon hearing the price is often, “Wow. That’s a lot.” And about half of the time, they are right; it is a lot — sometimes way too much.
It doesn’t take long for others in the neighborhood to wonder why that agent would accept an overpriced listing. They know why the seller will do it. Sellers do it because of ignorance of the market, or the agent misleads them, or sometimes it’s just sheer greed. But agents should know better, right? Some do, some do not and some just don’t care.
Read more about Reasons Why Agents Accept Overpriced Listings
Call Weintraub & Wallace Realtors with RE/MAX Gold if you are interested in professional representation when pricing your home. We can be reached by telephone at 916-233-6759.
Weintraub & Wallace
September 2019 Homes For Sale, Sold And Pended
The September 2019 Sacramento homes for sale, sold and pended graph above shows some trends to keep in mind this fall. The pendings are higher than they have been all year. Inventory has stayed close over the last six months. Closings were a little down, but that could be longer duration escrows. The September closed sales numbers will answer if this is relevant.
Inventory is significantly lower than a year ago. There does not seem to be an impression that pricing is going down in Sacramento as demand is high and inventory is down. Buyers write your highest and best offer, or you may not be in a home this fall. September 2019 Sacramento homes for sale, sold and pended shows a continuing seller’s market. Pendings show trending up for the last 90 days.
If you would like to have a one on one conversation about market data in Sacramento, please call Weintraub & Wallace Realtors with RE/MAX Gold. Call us at 916-233-6759.
— 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
Sorry we are experiencing system issues. Please try again.
