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How Long Does it Take to Sell Homes in Elk Grove, CA?
Ask an Elk Grove Agent About Selling Homes in Elk Grove
Home sellers always seem a bit astonished when I talk about how long does it take to sell homes in Elk Grove, and I give them hope that their home will quickly sell. Sometimes I see the uneasiness in their eyes, like why would I say that? Could it possibly be true or am I just saying those words in order to get the listing? Yeah, I know that it can be hard to trust every Elk Grove agent and some of them earned a bad name, but my clients come to respect the fact they can rely on me, no matter what. I do what I say.
I have no reason to predict that a home will sell faster or for more money than a seller expects unless it is true. There is nothing but heartache for the agent who can’t perform or live up to expectations, and I never want to be in that boat. I would much rather under-promise and over-perform because it delights sellers to get even more money than they hoped to get and to sell faster than they anticipated. If anything, I might deliberately set expectations a little bit lower. My goal is happy and ecstatic clients.
Speaking of happy, I was watching the Grammy’s last night, Pharrell performing Happy, which won him a Grammy, and was happy to see some of the other performers included from the 1970s and 1980s (but I don’t know why they were there). My husband says some of them are under various CBS contracts / subsidiaries, and that’s why.
But AC/DC? There are many bands I have never seen perform live and probably shouldn’t. It can alter your long-held opinion based solely on the music. That’s because when I was growing up, if you wanted to see a band you either checked for a schedule with the venue where they were likely to play, or you waited until you heard an announcement on the radio or somebody else told you; maybe somebody plastered a playbill on a telephone pole. I knew what the musicians looked like because I had an album cover to stare at. And sometimes, I hate to admit, from magazines at the grocery store. Maybe, if I was lucky, I’d catch a band on Ed Sullivan or some other variety show.
Ah, kids today don’t know how good they have got it with the Internet at their fingertips and cheap air fare. I wasn’t flying anywhere much less hopping a bus to St. Paul to see a show as a kid.
And Elk Grove sellers don’t know how good they have it until they hire this Elk Grove agent to help them to sell a home. The market right now, this very instant, is hot. There is almost no inventory. How long does it take to sell homes in Elk Grove? A home sells as fast as the best one above it goes into escrow. That’s your real answer, and the one that you’re looking for. And you can rely on it.
How Sacramento Listing Agents Show Sellers They Care
Sacramento listing agents worth their salt know that they need to keep sellers informed during the entire listing and sales process, but some agents get sidetracked and forget. I don’t know if it’s agents who are easily overwhelmed or too busy or what the deal is but I hear common complaints from other agents’ sellers. I don’t call these sellers; they call me. The story is often the same. They say they are unhappy with their listing agent and want to know if I will help them. You betcha. I’m sorry they are upset with their present situation, but hey, I’ll help.
I imagine as we move into the colder months, I’ll get more of these calls. We are facing a tougher winter market for Sacramento real estate than in previous years. Some listing agents will undoubtedly run out without a jacket and freeze to death, leaving their dazed would-be sellers to scrap for themselves. The days on market are growing and listing agents can no longer suggest list prices ahead of the curve; it’s got to be the perfect, just right, Goldilocks sales price in order to sell. Further, sellers deserve constant information about the market and what’s happening or they might drop that agent like a hot potato.
Some Sacramento sellers look at me like I’m “a gift from heaven” because I report feedback from showings and I keep them in the loop. I’m not a gift from heaven, I’m just doing my job as a listing agent. I never lose sight of the fact that the listing is not my home. I’m a temporary guest, visiting for a small period of time, and in the picture to perform a function to the best of my ability.
A seller in Elk Grove called yesterday to tell me how blown away she is with my performance. She did not know how a professional listing agent operates, she said, until I took over her listing. In my short association with her, she says we’ve had more showings, more offers, and she’s been kept informed every step of the way. I call her, I text her, I email her, depending on which form of communication is appropriate for the message I need to deliver.
Another seller in Placer County I met with a few days ago is asking me to take over the listing of a home because the seller was not promptly informed that a break-in had occurred. Apparently, some thug broke into a vacant house and removed furniture. The seller alleges that the listing agent was informed by a buyer’s agent that items were missing earlier in the week, and that the listing agent delivered the news to the seller a few days later — not on the day the agent found out about the theft. There’s got to be more to this story, but I don’t know it. I couldn’t imagine forgetting to let a seller know that something awful had happened.
Communication is key. Not just when things are going well but also when they’re not. Good news, bad news, as Sacramento listing agents, we need to constantly keep our sellers informed. Even if it’s just to say, hello, we haven’t had any showings, but let me tell you how many people have looked at your home online. Or, here’s a market overview from your area.
I say if a Sacramento listing agent goes to the trouble to get the listing, she needs to work that listing. Why work on something else when all you need to do is sell what you’ve got?
Why Do Sacramento Homes Come Back on the Market?
Just because you spot a home in the Sacramento MetroList MLS with a “back on market” status does not mean there was something wrong with the property; yet, that assumption is the first premise that some buyer’s agents and their buyers attach themselves to. The problem with many back-on-market listings is the buyers (or the buyer’s agents) did not understand what they were doing when they wrote the purchase offer. It’s like they embarked on a wild bender and woke up face down in puke. OMG, what did I do, they wonder, I bought a house.
I try to follow the rules of MLS, and unlike some agents, I actually read the MLS manual. MLS rules state we listing agents have 3 days to change the status in MLS from Active to Pending. However, there is also the real world, and the real world says if I’ve got buyer’s agents showing my pending listing for 3 days straight when I knew it was pending and did not inform them, my name in the real estate community would turn to mud. It’s unethical to purposely not change the status in MLS and to misrepresent what’s going on.
The problem that arises is we might be led to believe that the buyer is steadfast and then we discover, no, there is a problem with the buyer. Meanwhile, the listing is sitting in pending status. When we put back the listing on the market, now everybody wants to know why, what went wrong — when it was the messed-up buyer or agent that was the problem.
In one instance, we moved a perfectly beautiful home in Elk Grove from its fresh active status to pending when an Elk Grove buyer with a criminal record hoodwinked the seller into accepting an offer. The buyer’s agent was absolutely steadfast that the buyer could perform until it turned out that the buyer, oops, had no money, no car and no job. Yet this home went back on the market, and it’s not the same.
In another instance, the buyers, with the buyer’s agent’s permission, wrote multiple offers to buy a home and ended up in contract on two homes at the same time. The buyer’s agent did not immediately notify the listing agent. Meanwhile, status changed from active to pending in MLS. A few days went by before the buyers bothered to decided which home they wanted to buy (ultimately the answer was neither). That buyer’s agent learned a hard lesson, but still, the seller’s home ended up in back-on-market status.
Recently, a seller accepted a contingent offer, meaning the buyer had a home to sell, and the buyer asked for, let’s say, 7 days to sell her home. Her agent noted the home was on the market and should quickly sell. Before advising my seller to accept the contingency to sell a home from the buyer, this Sacramento real estate agent checked the accuracy of the listed price, and it seemed very reasonable. The seller accepted the offer. We changed the status in MLS to pending.
Then, the buyer’s agent did a double take when when we asked for the contingency release within the specified time period. Turns out she did not correctly write the Contingency of Purchase. She made a huge mistake. She had meant to ask for a much longer time period, consisting of a few months. I guess now I have to add to my repertoire of insulting questions to ask buyer’s agents: Does your buyer understand what she signed?
This Sacramento spring market seems so squirrelly. It’s bad enough that I have to personally call banking institutions to verify funds on deposit (because the loan officers and buyer’s agents don’t always give a hoot), and interrogate the buyer’s agents as to whether the buyer wrote two offers. I don’t mean to insult anybody. But this back-on the-market business is damaging to sellers, and I have to look out for my seller’s interests. I might also change my policy now to leaving the status modifier in ACTIVE for a few days, just to make sure everybody is on the same page. If buyer’s agents want to know whether we have any offers, they’ll just have to find out the old-fashioned way.
35 Offers for a Home in Elk Grove
I was so busy last night dealing with purchase offers that I did not have time to call my sister at our usual time to chat. She’s snowed under in Minnesota and freezing her tootsies off. I, on the other hand, am observing goldfinches swoop from my crepe myrtle tree to our water fountain and back. That’s what those birds do, over and over. It provides an excellent show for the cats, which is why we moved the water fountain to the middle of the cactus garden.
It’s nice to have some kind of control over one’s environment because there is no control over the real estate market in Sacramento. It’s simply insane. All together we received 35 offers for a home in Elk Grove. This Elk Grove agent held it open Thursday evening and Saturday afternoon to try to draw a different type of crowd. I posted that home everywhere online, splashed it from one end of the Internet to the other. Tweaked the photographs — agonized over choosing the best among 50 or so for the front photograph — enhanced the colors, eliminated the shadows, all in all I’d say it looks fabulous online. Enough to attract 35 offers from buyers all wanting to buy that home in Elk Grove.
Of the 35 offers, about one in four was an investor. The rest were owner occupants, people who wanted to live there. Two of the offers were less than the sales price, which makes one wonder about those buyers. Seven of the offers were at list price, which makes one wonder about those buyers, too. That meant almost 1 out of 3 offers had absolutely zero chance of acceptance upon inception. Yet, it also meant 2 out of 3 buyers actually had a chance to buy the home. See, the odds are improving. You may think it is hopeless to write an offer, but it is not.
One offer stood out above all the rest. I suggested to the seller that they counter the top four offers, but they picked the offer that gave them exactly what they wanted. That was their choice; it’s their home. That buyer’s agent read the confidential agent remarks and addressed the sellers’ concerns, in addition to writing a perfect purchase contract at a satisfactory price and terms. The hard part was telling 34 other buyer’s agents: you will not go to space today. It was important enough to do that I didn’t call my sister. I hope she forgives me.
