Email Elizabeth16 Lake Katerina Ct Sacramento CA 95834
New Natomas Homes vs Resale Homes by Same Builder
Much of the new Natomas homes vs resale in Sacramento are not constructed on spec today. Builders found out the hard way how quickly they can get stuck with inventory when markets shift. Today, many builders expect a commitment to buy new Natomas homes before they break ground. It is especially important to know this as a Sacramento Realtor when selling resale homes by the same builder. Because given a choice, new or used, you know which buyers would pick.
So that was my challenge when I was called upon to list and sell a resale home in Natomas that had not yet met its first year anniversary. Circumstances beyond the seller’s control led him to need to sell his dream home. He paid for many thousands of dollars of upgrades, which had now slightly depreciated. Not only that, but his home was located on a busy street, and his cul-de-sac was so narrow that you couldn’t turn around without driving into somebody else’s driveway.
Let me say a word about upgrades in new Natomas homes vs resale. Buyers pay through the nose for those upgrades. They are new for about 3 months. Then, for the rest of a buyer’s life, she will remember exactly how much each item cost, and she will decide much later in hindsight that the money she spent just wasn’t worth it. There are no years and years of builder upgrade enjoyment.
Another drawback to this home was the funky layout. You entered through a long hallway, with a bedroom / den at the front of the house. A bit creepy. After moving through this enclosed tunnel, then it opened up to a beautiful entertainment area, dining space and a gorgeous, simply drop-dead WOW-factor kitchen. Straight outta HGTV.
Our best bet to sell this house would be pricing it in direct competition to the newer homes. The benefit to passing on new Natomas homes vs resale homes by the same builder is the fact buyers do not have to wait. They can buy the home of their dreams right now, and it’s already built with a ton of upgrades.
Plus, the seller had a time-sensitive incentive, a valid reason why he needed to quickly sell. Still, he wanted to try a higher sales price, so that’s what we did. After a few weeks, it was pretty clear buyers were not warming to the over $500K price tag for the resale home. More research that I presented to the seller indicated the home should be priced at $485K. That was about what he paid for it a year ago.
Fortunately, the seller took my advice and adjusted the sales price. Next day, bam, into escrow. He said he should not have questioned me because I was right. Hey, I’m always right, I laughed. Mostly always.
Unfortunately, it took the buyers forever to close escrow. They ran 3 weeks over the deadline for closing. Their mortgage company wholesaled the loan to Citadel. Remember that name because everybody I know who has worked with that group has awful things to say. It’s like the loan got approved with the mortgage lender and then they started the process over from the beginning with Citadel. Slow as molasses. Bad communication. Buyers were almost as disturbed as the seller over the horrid ordeal.
However, we did close yesterday, a bit over list price. 16 Lake Katerina Ct, Sacramento, CA 95834 closed escrow at $488K.
When it closed yesterday, I told the buyer’s agent, this deal with Citadel, well, I prefer dealing with Hurricane Lane. Which, when you read this is banging the hell outta Big Island. I am at our house in Kailua-Kona for the Labor Day weekend. Actually, it is not a choice. Now that I pause. I had to do both.
Newer Natomas Home in Parkwalk at Westshore Now Pending
This newer Natomas home in Parkwalk at Westshore received an aggressive offer the minute we dropped the price. When the seller indicated he preferred a faster sale, I prepared a in-depth study of the market. It was obvious to me the over $500K price point in Natomas was moving very slowly. All of the action is under that mark. Further, we had competition from brand new homes that were slowly selling, and this home was not yet a year old. Not hard to figure, do you want brand new or almost brand new? Most people pick brand new.
Although this home in Parkwalk at Westshore has all the bells and whistles already installed. All the upgrades are in place. Not to mention, it features a California porch, what you or I would call a covered patio, but now, since I’ve heard the term California porch, it will always be a California porch going forward.
It’s ready for immediate occupancy, soon as we can close escrow. There are really no delays built into the buying process when it’s a resale like what happens when you buy directly new from the builder. All we had to do was drop the price a bit below the last new home sale and we were in like Flynn. Sure enough, within 24 hours of that price reduction, we received an over-list price offer.
The offer came from a buyer who saw the home in Parkwalk at Westshore a week ago during an open house, back when the price was higher. Funny how that psyche works with buyers. The buyer could have made a lower offer but chose not to. It was only when the price was lowered a little bit that the buyer now felt an extreme urge to buy. Such an extreme urge that the buyer offered more than list.
Of course, as these things tend to happen, I last spoke to the seller during a layover at an airport. On his way to Puerto Rico to photograph and document this American territory’s progress and persistent struggles after Hurricane Maria. Fortunately, he still had cellphone / data coverage and he signed the offer on the Fourth of July. What he said to me at that point made me smile. And he knew it. He said, “You were right!”
If you have home in Parkwalk at Westshore you would like to sell, I can help you strategize to sell that home, too. 16 Lake Katerina Ct, Sacramento, CA 95834 is presently pending.
Not Quite the Fourth of July Open Houses for 2018
Before I talk about our not quite the fourth of July open houses for this year, please note the lovely photo of Compass Box The Circus Blended Scotch Whiskey. This was my dessert after dinner at Canon in East Sacramento on Thursday for my non-retirement birthday. I imagine it wasn’t cheap but I wouldn’t know since my husband treated. This is a limited edition, fewer than 2,500 bottles released in 2016.
He also gave me a Series 3 Apple Watch, which means I can now wander away from my phone, far, far away, because the new watches run on cell coverage. I suppose you have to be careful if you wear one of those into a medical marijuana dispensary because you’re probably not supposed to. Not that I have any first hand experience, mind you, just putting out my public notice to everybody.
Today we have three not quite the fourth of July open houses. I imagine next weekend many people will go out of town this year. Take Wednesday off, throw in a Thursday and Friday and call it 5-day weekend. It was a toss up to figure out which weekend was better for our not quite the fourth of July open houses.
16 Lake Katerina Ct, Sacramento, CA 95834 offered at $485,000. Built in 2017, only a transfer makes this beautiful home available. Hickory floors, plenty of premium upgrades, 4 bedrooms and 3 baths. Great Natomas Central location, Westshore. Hosted by the invincible Josh Amolsch from the Elizabeth Weintraub Team, from 2:00 to 4:00 PM.
3804 Los Cerros Place, Davis, CA 95618, offered at $1,145,000 in Lake Alhambra Estates. Over $200K invested in the yard with an outdoor kitchen, flagstone perimeter, custom benches, waterfalls and a gorgeous pool. Wood floors throughout, 4 bedrooms, 3 baths, over 3,500 sq. ft. Hosted by the amazing Amy McMullan from the Elizabeth Weintraub Team, from 2:00 to 4:00 PM.
1661 Del Dayo Drive, Carmichael, CA 95608, offered at $1,250,000. Exclusive neighborhood in Del Dayo. Tri-level with 5 to 6 bedrooms, 5 baths and over 5,000 square feet. Hardwood, ceramic and luxury vinyl plank flooring. Beautiful terraced yard with lush gardens and pool. Outdoor kitchen. Hosted by the Incredible Barbara Dow from the Elizabeth Weintraub Team, from 2:00 to 4:00 PM.
This Smart Home in Natomas for Sale is Almost Brand New
You may fall in love this smart home in Natomas for its beautiful upgrades but you will absolutely adore the high-technology touches throughout. Much of the electrical is smart and can be operated from your cellphone such as the dimmer switches, smart prewiring for ceiling fans, all of the electrical switches, including the garage door. Lock it and go.
The home is also prewired for a security system. There is a video doorbell. 7:1 surround sound speaker installation in the living room, with two additional speakers located in the master suite.
Built in 2017, the seller hasn’t even lived here for a year yet. It’s practically still new. And look at those gorgeous hickory hardwood floors. Yes, before you ask, there is a remote bedroom and full bath on the first floor, offering multi-generational opportunities.
You will love the great room concept, combining the family room with a beautiful kitchen design. Soft closing drawers, lush dark wood cabinets with upgraded pulls. Glass pantry door, hanging pendants and quartz countertops, including an oversized island, which features a double sink.
This smart home in Natomas features 4 bedrooms, 3 full baths and, according to the seller, it measures 2,283 square feet. Unfortunately the county records do not yet reflect the configurations to verify because this K. Hovanian home is so new.
Look at the size of this spacious master suite. You will also find a loft on the second floor. No landscaping yet in the low maintenance yard, but the patio is covered. The location can’t be beat on a cul-de-sac and it sits on a corner near Natomas Central, which provides extra parking for guests.
Come see this smart home in Natomas for yourself on Sunday. Please, come to our open house on June 17, 2018 from 2:00 to 4:00 PM, hosted by the invincible Josh Amolsch from the Elizabeth Weintraub Team. If you cannot wait until Sunday, you can also view the virtual tour.
16 Lake Katerina Ct, Sacramento, CA 95834 is offered exclusively by Elizabeth Weintraub and Lyon Real Estate at $485,000. For more information about Parkwalk at Westshore or to arrange a private showing, please call Elizabeth at 916.233.6759.
The information in this advertisement, including, but not limited to, square footage and/or acreage, has been provided by various sources which may include the Seller, the Multiple Listing Service or other sources. Lyon Real Estate has not and will not investigate or verify the accuracy of this information. Prospective buyers are advised to conduct their own investigation of the Property and this advertised information utilizing appropriate professionals before purchasing this Property.
