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Selling 2 Homes to Buy as a Couple
A couple called yesterday to inquire about a pending sale I have listed in West Sacramento and whether they could see it. They plan on selling 2 homes in Sacramento to buy one as a couple. I’m not sure where they found the listing online but not every website out there lists the status of homes online. Many just show the home for sale and they don’t tell the website visitor whether the home has sold or is pending, which is why it’s oh-so-much better to get your listings directly from a Sacramento REALTOR who can sign you up for automatic emails from our mothership: MLS.
But if you’re just starting your hunt to buy a Sacramento home, you don’t think of that. You think, oh, look, here is a website of homes for sale, and there you go. You just want to get an idea of what’s for sale. Sure, you bought a home before, like this couple who called, because they each own a home. He owns a cottage among the leafy streets of homes in East Sacramento. Her home is in Sacramento. They have decided that West Sacramento is a good place to look for a home because a buyer gets so much more for the money.
That’s true. A comparable home in East Sacramento would cost at least $100,000 more than similar sized homes in West Sacramento, and most likely double. This couple had not yet talked to a mortgage broker, but they knew they wanted to sell at least one home. We discussed making a contingent offer on a home to buy. That was enlightening, because they weren’t sure how to go about selling 2 homes in Sacramento to buy one.
The thing is a mortgage broker will need to qualify this couple to own 3 homes. To make 3 mortgage payments. You can’t say you will rent out one of the homes because there is no rental record if they are not now rentals. Most lenders today want to see at least 6 months to a year or more of rental receipts. There are bridge loan options available but they are expensive. It would be much better to get preapproved, put one home off market in MLS until they find a home to buy and then write the offer subject to selling the home, which then immediately goes live. That’s the best option that safeguards this couple if they follow through with selling 2 homes to buy one.
Well, the number one option is sell both homes and use the cash proceeds to buy a home without a contingency in West Sacramento, but that’s not a) convenient for most people or b) really necessary. We can write contingent offers and get those offers accepted. We do it all the time.
The problem is waiting for that oh-so-perfect beautiful home that 3 other buyers want, and you have no preapproval letter and no homes on the market. If you’re in that situation, call Elizabeth Weintraub at 916.233.6759. We’ve been helping people in this situation for decades.
Your Chance to Buy an East Sacramento Listing Not Yet in MLS
This East Sacramento listing is not yet in MLS but open on Sunday.
Here is your chance in a lifetime to buy an East Sacramento listing not yet in MLS. We can’t put this new listing into MLS because we don’t have the photographs, which will be shot next Monday. But the seller says, hey, let’s give buyers a chance to buy this off-market East Sacramento listing not yet in MLS. Yes, you can buy this home before it ever goes into MLS. Which means, if you’re tired of fighting tooth and nail to buy a home, just tour, write a full-price offer and be prequalified. How easy peasy is THAT? Not sure it gets any better than that. Not to mention, you can eliminate the headache of competition.
Think about this for a minute: would you like a four bedroom, two bath, spacious East Sacramento home designed for a multi-generational family? Of course you do. You can certainly use the entire house yourself, if you like, but it offers so many other possibilities. Say, for example, you have teenagers, the kind you would like to lock up and throw away the key. Heh, heh. Or, maybe you just want a little breathing space between yourself and the kids. This house would work! Have you elderly family members who prefer not to climb stairs? The lower level is completely accessible through the garage without any stairs. Almost 2,500 total square feet, according to the tax records.
Further, the main level of this East Sacramento listing not yet in MLS features a beautifully remodeled space. Refinished original hardwood floors from 1937. A fireplace flanked by a built-in bookcase that takes up an entire wall. Plantation shutters, dual pane. Gorgeous new kitchen with shaker cabinets, granite counters, ceramic flooring, brand new stainless appliances, newer light fixtures, including not only a dining bar but also a breakfast nook. You will also discover a formal dining room. The master is extra large with a super big walk-in closet. The second bedroom on this level is also good sized.
Need more? With all the right touches, you will discover an amazingly beautiful bath on this level, very spa-like. You will appreciate the separate tub with ceramic surround next to the separate walk-in shower. Adding to expectations is a newer vanity with dual sinks and granite counter, light fixtures and faucets.
More delights, the lower level features plenty of windows and light. Many updates on this level, too. For starters, two more bedrooms downstairs, plus a full bath. What you might not expect is the huge family / entertainment room. Why, it could be a yoga studio or just a place to hang out, play pool and watch TV. There is a fireplace on this level, too, including access to the 2-car garage. Next to the garage is a covered carport, offering 3 parking spots. Or, you could use the carport for RV or to park a boat.
Hey, you know there is nothing on the market, right? Yes, very little inventory. Countered by high buyer demand. Plus, this home is unique and fits so many circumstances that you can make it into any kind of home you desire. Absolutely, you will love the stone exterior with metal siding, and a tile roof adds to the curb appeal. Why not see for yourself the beauty and desirability of this East Sacramento listing not yet in MLS?
Please, feel free to visit our Lyon Real Estate Open House Extravaganza on Sunday, February 11th, from 1:00 to 4:00 PM. Hosted by Barbara Dow from the Elizabeth Weintraub Team. Also, Sunday is a good day to visit McKinley Park, a hop, skip and a jump away.
Of course, 541 42nd Street, Sacramento, CA 95819, is offered exclusively by your East Sacramento Realtor, Elizabeth Weintraub and Lyon Real Estate at an affordable price of $675K. Don’t wait, call Elizabeth for more information at 916.233.6759.
