Digital Communication Key to Home Sale in Elk Grove
Communication. Communication is a tricky thing. My husband says, “Turn right at this corner, go down to the next corner and turn right again, then get into the left lane because you’ll be turning left at the next corner.” Me, to make sure I have understood him correctly, says, “OK, you want me to turn right after my right here and then go left?” He, completely certain that I have misconstrued his explicit directions, says, “No, that’s not what I said. I said . . . “ and he repeats exactly what he said.
That’s because he speaks Chicawgoan, and I speak English. We often misunderstand each other. The upside to that is we often understand each other when we speak Vulcan, for example. Or, when walking past the hotel lobby bar after listening to Leo Kottke perform at Yoshi’s, I ask, in my best New-Riders-of-the-Purple-Sage-voice, “Can I buy ya a drink?” He gets the reference to Dim Lights, Thick Smoke and Loud, Loud Music. I don’t have to illustrate for him. And, after all of these years of marriage, I have learned not to argue over whose driving directions are more clear. Besides, he is edgy enough on the road, which gets worse when his wife is driving.
It’s communication. You see, being a Sacramento real estate agent, I have have had to learn how to communicate with all kinds of people, even though I speak only English — and a little Vulcan and Pig Latin, but not one of those languages has ever come in handy. That’s because Sacramento is one of the most diverse cities in the United States. People come from all over the world to live in Sacramento, although I have no idea why. There are better places to live. San Francisco, for example. OK, it’s much less expensive to live in Sacramento.
One such person called me last month to ask if I would stop by her home in Elk Grove and tell her how much it was worth. I could barely make out what she was asking me to do, but then again, this woman speaks two languages and I barely speak one. I was just getting out of my car at another listing appointment in Elk Grove, so I asked if she would wait for me, and that I could be there in two hours. When I showed up, she was sitting in her car, and I felt terrible. Here, I thought she lived in the home and was waiting in air conditioned comfort, maybe watching TV. Not sitting in her car, in front of a dismantled for rent sign, staring at her cell phone.
I have a home listed down the street from her rental home, which is where she got my name. Plus, she said she’s seen my name on signs around the neighborhood. Probably because I do list and sell a lot of homes in Elk Grove. I told her that her value was probably around $240,000, but I’d have to run the comps.
The next day I emailed her the comps, which substantiated a price of $240,000. The problem with examining the comparable sales for a home sale in Elk Grove is they don’t really mean very much in this market. Homes are selling too quickly and way over list price, so if list prices are based on the comps, the comps are worthless when trying to determine market value. You can’t really base them on the pending sales either, since we don’t know what all of them are and some agents refuse to disclose. Pricing a home in Elk Grove is almost like throwing darts at a board blindfolded.
The seller emailed that she wanted at least $280,000. She had paid almost $400,000 in cash for this home 8 years ago. OK, we list at $285,000. I found a couple more comps outside of our half-mile radius that would hold up in an appraisal.
Our complete communication between the two of us consisted of email and text messages. We had no further phone or in-person communication. That’s because I do not know any Chinese dialect. Chinese, in itself, you know, is not really a language. Although, tell that to my late mother who took Chinese as her language course at the University of Minnesota in the 1960s. She walked around the house, talking into a tape recorder in a sing-songy voice. But I never learned any of it, and now I regret it.
But, hey, we have email. I shot photos, tweaked them in PhotoShop, uploaded them to MLS and other websites, along with my marketing description. It looked pretty good! Within 2 days, we received a full-price offer, and another offer for $300,000, both with financing contingencies. My seller accepted the offer for $300,000. Less than four weeks later, we closed at $300,000. That’s over a $60,000 jump from the comps from four weeks ago. It equates to a 25% increase.
Granted, my client had owned a highly desirable home. It featured four bedrooms, a single story, beautiful Grapia wood flooring and an open floor plan, in the popular Marchado Dairy subdivision. This combination is covetable in Elk Grove. We could get away with being a little wild in the pricing.
After it closed yesterday, my client sent me an email to thank me for my “great job” and to say she will send me referrals and was “glad I called you a month ago.” I don’t think she was glad to have sat in her car for two hours waiting for me, though. I still feel awful about that. But at least we had email to communicate and we reached a successful conclusion to our transaction. If you need an Elk Grove agent, especially to get you to your home sale in Elk Grove sold quickly and efficiently, please call Elizabeth Weintraub at 916.233.6759.
Some Agents Are Dealing With Offer Rejection
A frustrated home buyer in Orange County called to ask why I thought that her offers weren’t being accepted and often, in many cases, were unacknowledged. I don’t know why she called an agent in northern California. Now, I don’t know the Orange County market because I haven’t worked in that area since the 1980s. I primarily sell real estate in Sacramento. But if that market is anything like Sacramento, entry-level housing is hot, hot, hot. Which means multiple offers. This buyer is trying to buy a short sale.
I asked the buyer if her agent had any experience working with short sales. The answer was no. I pointed out that some agents refer their clients to an agent with experience in exchange for a referral fee.
“But,” she moaned, “We’ve been writing offers since January; that’s when we moved in with our parents.”
Four months is a long time to be hitting a block wall. “If you don’t talk to your agent about this,” I answered, “You’ll still be living with your parents in September.”
That’s all the help I could offer because I cannot advise nor interfere with another agent’s transaction. It’s against the Code of Ethics.
I also received an offer from an agent on a Sacramento short sale listing after disclosing that multiple offers were coming. The agent offered list price and asked for the following:
- 3% concession to the buyer
- home protection plan
- pest report and completion certificate
- 2-year roof certification (which may require repairs)
- seller to comply with FHA requirements
I asked the agent why would she include all these things that the bank is unlikely to pay for? On top of which, with multiple offers, I can pretty much guarantee that every other offer will exceed list price by thousands, if not tens of thousands. Once the bank receives the estimated HUD-1 — even if every offer was identical in price — this agent’s offer would fall to the bottom of the pile because that net will be much lower than all the others.
The agent responded rather curtly, “Because we expect to negotiate those things with the bank.”
It’s not my place to tell another agent how to conduct her business, so I refrain from offering suggestions under these circumstances. The point is the bank will never negotiate with her buyers because those types of offers are rejected by the seller. Who wants to sit in escrow for 8 weeks with a buyer whose offer will be rejected or renegotiated? We want an offer that will be accepted first go around.
Magnificent Remodeled Home is Open Today
You might have never considered moving into this neighborhood until you come to see this home at our open house in Sacramento. I promise, once you step foot inside this magnificent remodeled home, you will want to own it, every inch of it. You will squeeze yourself every morning when you wake up because you will not be able to believe that you actually were able to afford such a beautiful home — that’s how gorgeous this home is, not to mention, it is very affordable!
It’s a 3-bedroom, 2-bath with a one-car garage and an extra bonus with a carriage house in the back yard. The carriage house is ready for overnight guests or it could be a retreat or a children’s playhouse. Next to it, is a peaceful, bubbling water fountain. Often, you will find water features in a yard to disguise noise, but this is fairly quiet location.
Most of the floors in this home are Brazilian cherrywood. They glisten! The kitchen and baths have beautiful porcelain. You’ll also find limestone and travertine and tumbled stone finishes on walls and counters. The light fixtures are glamorous. There is also an extra room between the bath and the garage that can be used as a den. I’m telling you, and I don’t steer you wrong, you will love this open house in Sacramento.
You’ll find granite counters in the kitchen, and all of the appliances stay. Stainless steel sink with a crystal light fixture overhead. The chandelier over the dining room table is so unique, I can’t decide if it’s made up of commas and semi-colons or musical notes. There is something special in every room, and all of the baths feature vessel sinks.
Come see this home today, Sunday, April 14, 2013. This open house in Sacramento is held from 2 PM to 4 PM.
6800 Bismarck Drive, North Highlands, CA 95660, offered at $215,000, by your Sacramento Real Estate Agent, Elizabeth Weintraub, 916.233.6759. Lyon RE.
Going to a Sacramento Open House Without an Agent
There is a reason why a Sacramento real estate agent might be reluctant to talk about mortgages. It’s not that we don’t know anything about mortgages, because we know a great deal; it’s because we are not a mortgage broker, and what we don’t know about mortgages can be very important to a buyer. Same thing when the tables are turned. Most mortgage brokers know a lot about real estate, but the things about buying real estate that could be very important to a home buyer, a mortgage broker might not know.
I have the utmost respect for Michele Dillingham at Big Valley Mortgage. She writes about mortgages and finance for the Sacramento Bee. However, her piece this Saturday contains a confusing error. She basically told home buyers that they should not go to an open house. She says: “The problem is that if you don’t tell the agent at that house that you already have your own real estate agent, then your agent may lose out on the deal — and you lose out on having your own agent. The agent who has the property listed would be representing both buyer and seller.”
It’s not true. Not true how a Sacramento open house works. It’s true that not telling the open house agent that you have your own agent could cause bickering among agents, but you are under no obligation to write your offer with the listing agent or even with the agent who is holding that Sacramento open house. You can go to an open house without your own agent, and you’ll be OK. If you have an agent, it’s a good idea to tell the host or hostess of the open house that you are working with an agent, but that’s more for your own protection. If open house agents know you have representation, they probably won’t ask for your personal information, nor will they be likely to hound follow up with you.
Moreover, many of the agents who hold an open house are not the listing agent. That’s because many listing agents do not actively represent buyers themselves. They might prefer to focus their business on seller representation. In that event, they would allow an agent on their team or in their office to hold the home open. That way, the agent holding open the house can also pick up some residual business from home buyers. They can try to represent the open house guest by writing an offer on that home or maybe they can show the buyer other homes. But you, as an open house guest, have no obligation to work with the open house agent nor the listing agent.
The only exception to this is new home sales. Don’t even think about stepping foot on a new home subdivision or new home sales office without your agent. If you are considering a new home, call your agent FIRST. But resales and previously owned homes are a completely different story.
If you are looking for an agent to represent you, going to open houses is a good way to meet a variety of real estate agents and, in a casual way, figure out whether you might want to work with any of them. If you do, then ask that agent to be your own representation. Be prepared to sign a Buyer’s Broker Representation agreement, which is a legal agreement, a two-way-street, between you and the agent’s brokerage.
But whatever you do, don’t put off going to a Sacramento open house just because you are worried that the agent will have dibs on you. Nobody can have dibs on you without your express written permission.
Here are a few of my Sacramento open houses that you might want to visit this weekend:
- Saturday, April 13th, 2013, 6800 Bismarck Drive, remodeled for $215,000.
- Sunday, April 13th, 2013, 3627 T Street in Med Center, Craftsman for $225,000.
- Sunday, April 13, 2013, 1620 Sutterville Road, Land Park, 5 Bedrooms, for $519,000.
- Sunday, April 13, 2013, 6800 Bismarck Drive, remodeled for $215,000.
- Sunday, April 14, 2013, 576 4th Avenue, Land Park, w/addition for $375,000.
Spectacular View of William Land Park From This Home
The view isn’t all this home has going for it; but it’s a definite desired feature on the home shopping list of buyers for homes in Land Park. I can’t say the view gets any better than from this home. It’s in the perfect location for it. As a Land Park agent, we agents know that it’s uncommon to find homes over 2,000 square feet, and especially not at this price range, in Land Park. If you want space and view of William Land Park, this Land Park home has both.
If it has a drawback, the only drawback would be the ZIPcode is not 95818, which is why you won’t find it if you’re searching for Land Park homes on the Internet. The ZIPcode for this particular location near the park is 95822.
This home has 5 bedrooms, yes, 5, count them, and they’re all pretty good sized except for the bedroom at the back of the home, which is probably better utilized as an office. Everybody needs an office these days. Plus, it has 3 full baths. The master bedroom is huge, too, with space for 3 dressers, if you need it. According to the assessor, the square footage is 2,265.
When you walk into the tiled entry, the first thing you notice is the gorgeous built-in fireplace and raised hearth. The brick is immaculate. Attached to the fireplace is a built-in showcase cabinet with glass doors and shelving. There is another built-in China hutch at the other end by the dining room. Both offer a marvelous view of William Land Park.
The kitchen is open and features hardwood floors. They are the original hardwood floors from 1957 and are in great shape! This room contains probably far more cabinets than you will have a use for, but you will manage to fill them up anyway. The stove is a delightful antique vintage. Off the kitchen is another space that could be used as a family room or another formal dining area, whichever fits the needs of your family.
In addition to all of this magnificent space, you’ll find two extra rooms. One is utilized as a laundry room, with hookups for a full size washer and dryer. The other is an enclosed patio area, completely enclosed with glass walls. It’s a great place to watch the rain fall in the winter while staying dry or utilized as a playroom for children.
The gardens are breathtaking. Flowers are in bloom everywhere now. And, oh, my gosh, the fruit trees are beginning to bud. There are orange trees, persimmon, grapefruit and tangerine. Imagine strolling the gardens barefoot before breakfast and plucking your very own juicy orange.
Of course, there is a two-car attached garage with a garage door opener, workshop area. And now, for the price. That’s the amazing part. It is listed at $519,000. That is very affordable and a wise investment for your future.
Your search for homes in Land Park is over. Please call your Land Park agent, Elizabeth Weintraub, at 916.233.6759. I will be happy to arrange a private showing for you.
1620 Sutterville Road, Sacramento, CA 95822, offered at $519,000, by Elizabeth Weintraub, Land Park Agent, Lyon Real Estate.