The Point Bonita Lighthouse is 2 Hours From Sacramento

Point Bonita Lighthouse rocksThere is no escaping the extreme heat in Sacramento unless one leaves town. All this week, the forecast is for temperatures above 100 degrees. Granted, it’s a dry heat, but it’s still blazing hot all the same. That’s why it was so enjoyable yesterday on our way back to Sacramento after a lovely weekend in Sausalito to take a detour and discover a hidden gem: the Point Bonita Lighthouse in the Marin Headlands.

Point Bonita Lighthouse BridgeImagine the cool wind blowing across your face and through your hair. Imagine not thinking about what goes down must come back up. Imagine the trail, which is almost a straight shot down to the newly restored bridge that leads to the lighthouse, after it winds a path through a hand-dug tunnel covered in algae. It doesn’t seem like the 1/2 mile, which the National Park Service says it is, yet you know in your head, your aching feet and panting lungs coming back up the hill that it is almost twice that distance. If you were standing, say, a 1/2 mile away from the Lighthouse when you measured the distance, it would be a 1/2 mile, but it is NOT a 1/2 mile from the parking area. It never is.

GGB-City-FogI suggested to my scoffing husband that he count his steps. All 5,280 of them. Because a 1/4 mile is 3 city blocks. A 1/2 mile is 6 city blocks. If each block is 40-feet wide, and a city block contained about 10 houses, that would equal 400 feet Sea Lionsof distance, because 10 houses x 40 feet is 400 feet per city block. You take 400 feet x 6 blocks and that equals 2400 feet or just under 1/2 of a mile. I didn’t walk by 60 houses to get to that lighthouse. No sirree, it was more than 100 houses. And I know my houses because I am a Sacrament real estate agent.

But today I would give anything to be sitting on the deck at the Point Bonita Lighthouse. Gazing at rocks dotted with sleeping sea lions and at the city of San Francisco, wrapped, no doubt, in fog.

Photos: Elizabeth Weintraub

A Weekend in Sausalito

GGBSHORE-FTLiving in downtown Sausalito would be pretty cool if it weren’t for the close quarters that people have to share. In the summer, there are even more people. In some ways, it reminds me of Newport Beach, kind of laid back without all of those pesky beaches. The residents and tourists seem fairly well behaved and low key, kind of like being in the company of adults in Davis without the college kids around. But some of them, well, they make you want to stick a sharp object into their bicycle tires.

My friend, Myrl, another real estate agent in Sacramento, is the person who gave us the DOCTOR'S ROOMidea of spending a weekend in Sausalito. Myrl knows all of the cool, fun places to go. She makes me feel like I should not plan to go anywhere outside of Sacramento without calling her first and asking her where we should go. She also told us about Fort Point, which is a historic Civil War fort, built in 1861, and nestled underneath the Golden Gate Bridge, on the San Francisco side. The photo to the right is the room for the Fort Point doctor.

FT PT STAIRS UPAfter climbing a stairway and then a circular stairs to the top floor, you can enjoy a spectacular view. It’s very windy. With the wind comes a chill. Now, usually it’s pretty chilly in the Bay area, and everybody knows you should bring a jacket, which I had packed but it was in my room back in Sausalito. The weather in Sausalito this weekend has been incredible. Sure, it was 128 in Death Valley and probably 109 in Sacramento, but it was a pleasant 79 degrees in Sausalito, which for Sausalito is very hot for the end of June. It was not hot, however, at Fort Point. It was cold.

UNDER BRIDGEIt was so cold that I ducked into the onsite travel store and slid an Alcatraz jacket off its hanger. Size small. It fit me perfectly. How lucky is that? Roasty toasty. Another couple was in the store. The woman was clutching something in her hands, maybe a cannon replica, could be a deck of playing cards, it was hard to make out. They both headed toward the checkout counter when I did. The Fort Point clerk, dressed in full uniform, was there but had now disappeared. My husband wondered outloud if perhaps he had gone to perform the cannon demonstration. But then he showed up, wearing his official Civil War hat and gear for that post.

FtPT CANNONWho was here first? He asked. We looked at each other. I thought I was first, since I was standing there wearing the jacket, all zipped up, credit card whipped out and in hand. He thought so, too, and motioned me forward. I asked him to cut the price tag off the zipper up by my neck. He might not have heard what I said because he fumbled with the scanner and after realizing the scanner was attached by a cord too short to reach across the counter and up my neck, I asked a second time if he would cut the price tag off me. I was comfortable, too comfortable to remove the jacket.

SAUSALITO HARBOR2The clerk reached under the counter, found a hole puncher and very carefully managed to hole-punch the plastic thingie holding the price tag and released it. He did a good job. I smiled at him and made small talk, “I imagine you sell a lot of these jackets here at Fort Point.” It was then that the couple in line behind us decided to speak up. The tall guy in the t-shirt, cutoffs and tennis shoes, skinny as a rail, snorted to his companion, “It is soooo HOT here, I can’t stand it.”You asshole. I wanted to punch him in the face. I do not go around wanting to punch people in the face. Not only is bad for a manicure, but I imagine it would bruise my knuckles.

His companion didn’t miss a beat. “I can’t stand this heat, either.” Maybe I should stand on top of her feet? Or elbow her in the gut on my way out the door? Oh, sorry, I could say, didn’t see you. It was at least 55 degrees or colder at Fort Point. Great for wine, but not great for a tourist from Sacramento wearing a sleeveless shirt.

We were treated to plenty of other conversations during our stay. See, in Sacramento, you go out to dinner and most people speak in hushed tones, regardless of how many martinis they’ve thrown back. We have confidential business dealings that others don’t need to hear. If we have personal information, we generally keep that to ourselves, behind closed doors. But not in Sausalito, apparently.

HARBOR BIKE GUYOne guy, leaning up against a parking meter on his bike while yakking on his cell told everybody within earshot that he had to drop off a stool sample on Monday. Another couple dining at Copita talked over one another very loudly, so we got to hear all about how they were the ONLY couple in Mill Valley who had NOT taken their children to Hawaii, oh, the horrors. When one of their dining partners mentioned the article put out by AP about a first-hand experience by a reporter in Death Valley on that 128-degree day, the guy who forgot to bring oven mitts to wear when his steering wheel got too hot to touch, this same woman who was so cruel to her children felt it was necessary to one-up-her friend to say she read that very same article in the New Yorker. Which, of course, she hadn’t, because the AP article was written yesterday.

We thought about going to Stinson Beach, since neither of us had been there. But the line for the exit, backed up all the way down 101 said otherwise. Instead, we hopped a ferry to San Francisco, hiked over to our favorite dim sum restaurant, rode the ferry back to Sausalito and took the leisurely route back to Sacramento. Back home, where I don’t have to open my hotel room window and lean out to yell, “Do you realize we can hear every word that you are saying?”

You Can Buy and Sell at the Same Time

Real Estate Sold Insert over For Sale Sign and HouseYou may read about this remarkable real estate transaction in the Kiplinger Newsletter this fall. It’s a story about clients who decided to buy and sell at the same time, with odds against them. The thing that makes it unusual is the fact it is hard, if not pretty much darn impossible, for a home seller in Sacramento to sell his home and then buy another home concurrently with an FHA loan. Throw in the fact that the home the seller/ would be-buyer is buying is a short sale in Elk Grove, and it becomes even more unlikely. Complicate this further by the fact the home the seller is selling is located in a somewhat not so desirable location, and the scenario sounds almost crazy nuts.

It was nuts. When I initially met with this seller and his fiancé, I could sense that he wasn’t quite sure that this Sacramento Realtor could be trusted. Many people don’t trust real estate agents. Heck, many people don’t trust anybody, period. But I sometimes meet people whom I suspect have a bad taste in their mouth for agents. I can see it in their eyes.

For me, well, I have nothing to lose. A client either wants to work with me or they don’t. No skin off my nose. If they don’t want to work with me for some odd reason, I am certainly not about to try to persuade them, because the world of real estate is tough enough as it is, and I don’t need any crazy people complicating it further. I gave it to him straight. Being straight meant he either put his trust in me and listen to my advice or he can go elsewhere, and if he goes elsewhere, he probably will not buy a home. That’s how this market is today.

An FHA buyer who is putting down 3.5% often falls to the bottom of a multiple-offer presentation. Moreover, if an FHA buyer also has a home to sell as a contingency of sale, well, you can pretty much forget about it. Not gonna happen.

Except it did. I went to the seller of a short sale in Elk Grove, who was my client. Elk Grove is a super hot market in which 20 offers is not unusual. When the buyer wrote an offer through one of my team members, I explained to the seller that I was the agent responsible for selling that buyer’s home, so you know it will sell. In fact, we were so confident in my ability to sell it that the buyer gave the seller 17 days to remove his contingency to sell. Within that time period, not only did I sell the buyer’s home, but I closed it.

I submitted the offer to the short sale bank. The bank wanted more money. The seller offered the bank more money (it was Fannie Mae, which often demands over market prices). The bank approved the short sale but reduced my commission. I ended up obtaining a statement from the U.S. Treasury to prove to the bank that in a HAFA short sale, commissions cannot be reduced. The bank backed down and revised its approval. Then the buyer’s appraisal came in for the amount the buyer originally offered.

My client trusted me. Both of my clients trusted me. They both got exactly what they wished for.

The bank backed down again, reduced the price to the buyer’s original offer, and we closed yesterday. Yes, indeedy, you can certainly buy and sell at the same time.

The Birthday Post From Elizabeth Weintraub

birthday post from Elizabeth WeintraubToday is my 61st birthday. That means it’s time for the birthday post from Elizabeth Weintraub, something I do every year. This year, I almost didn’t celebrate it. Because let’s face it, what’s one more year? What does turning 61 mean? It’s not a milestone birthday. It means I better be over the fact that I turned 60 last year because it’s all older from here on out. Choices that I may have once had the option to choose among are becoming leaner and fewer. I no longer have all of the time in the world to do whatever my heart contends. The clock is ticking on.

It’s kinda the opposite of uplifting.

In fact, it’s so the opposite of uplifting that I was considering holding off on birthday celebrations until maybe I turn 65 and apply for Medicare. Yup, no more birthday parties or gifts or cards or anything remotely celebratory in connection with my birthday for a while. Not one more birthday post from Elizabeth Weintraub. Then, perhaps I could celebrate in 5-year increments, so it wouldn’t seem like I was getting so old and decrepit. Maybe by the time I turned 90, I would once again be ready to celebrate every year, when I truly have an event to celebrate, something to blog about and make a birthday post from Elizabeth Weintraub mean something.

After I thought this and contemplated it for a while, I concluded that celebrating only milestone birthdays was a pretty stupid and wasted thought process. I should be content with the fact that every morning when I open my eyes that I am still here and have not been abducted by aliens.

Not only that, but the past year has been remarkable. I got to enjoy 3 weeks in the South Pacific over the holidays, finally visited Hilton Head Island, scored front row seats to a musical in Chicago, spent Thanksgiving with both of our families and had the best year in real estate ever over the past four decades, selling $32 million in a depressed market.

Turning 61 is pretty great!

Closing Tip for a Sacramento short sale

Pica the Ocicat-300x200The closing tip for a Sacramento short sale today is brought to you by Pica, the Ocicat, who lives in Land Park with this Sacramento real estate agent. He asked me to shoot his photograph and post it here. He wants to say: “Nation, don’t listen to Stephen Colbert when you can find out everything you need to know about the world from this cat.”

Pica knows a lot about Sacramento short sales. For example, Pica can tell you that when it comes time to close that short sale, you can’t simply sashay into the escrow office to sign documents and close. That’s not how it works, regardless of how many dead fish you drag to the title company’s doorstep.

For one thing, all parties to the short sale, the buyers and sellers will sign closing documents a few days before the actual closing date. Funds need to be deposited into escrow as either cash, certified check or wire, the day BEFORE closing. You cannot write a personal check to the escrow company and expect escrow to close until that check clears the bank, which could take 3 to 7 days.

The most important thing to realize, whether the buyer is obtaining a loan or is paying cash, makes no difference, is escrow cannot close until the final HUD has been approved by the short sale bank. If there are two loans on a short sale, generally approval is required from both of the lenders. Don’t overlook this closing tip for a Sacramento short sale or you won’t close.

Some short sale banks require up to 72 hours to approve the HUD. That means 3 days turnaround. You can’t rush the bank or escalate a Final HUD approval. Lots of people, even mortgage brokers and Sacramento real estate agents, tend to forget about the essential fact. And that’s how a short sale can expire, especially if the closing is intended for the last day of the approval letter. There is no time to pause for an emergency butt lick.

So, don’t be a lazy cat or an uninformed cat. Allow time for that Final HUD approval. Ask your escrow officer how many days it could take to get approval and get your documents to escrow with enough time allotted for Final HUD approval. Here, have a freeze-dried chicken treat. Pica has a nap to take now. He has given you your closing tip for a Sacramento short sale, and his job is done.

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