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Selling a Home to the Neighbor Next Door in Del Paso Manor
2416 Avalon Dr, Sacramento, Ca 95864 was offered by Elizabeth Weintraub at Lyon RE.
Who knew we would be selling a home to the neighbor next door? Certainly, the seller didn’t know. In fact, I asked him after the neighbor approached my team member during an open house and expressed an interest in the home. I wondered why, in all the years that he lived there, did he never discuss selling a home to the neighbor next door with his good friend who lived next door? At some point, don’t you say, yes, I ‘m going to sell my home soon to your neighbor?
Of course, would the neighbor have paid his asking price if the seller didn’t have an aggressive listing agent? Probably not. Neighbors always seem to want to get a break, simply because they are friends or live next door. This particular neighbor was both. And who is to say the neighbor knew anything about buying a home in Del Paso Manor because I don’t think she did.
Even if you live next door to the person you want to sell your home to, you still need a Realtor to protect your interests. You need a person making sure you are getting the best financial deal you possibly can and that both sides get the kind of representation each deserves. Contracts require negotiation. Disclosures need to be made and delivered. Inspections need to be done.
During this particular transaction, the sewer inspector discovered an orangeburg sewer line. Those were popular in the 1950s, and most gave out around 50 years later. That’s as old as most of these sewer lines would last. My seller’s sewer had completely disintegrated, with waste leaching into the soil.
Sure, this was a good example of selling a home in its AS IS condition but finding out later there is a major problem. We’re not talking about a buyer who is ticked off because the seller refuses to clean out the gutters, which happened recently. We’re talking about a first-time home buyer who doesn’t have a lot of money on hand to replace the sewer line.
The quote from the sewer company to replace the sewer lines was really expensive, almost $9,000. Fortunately, the seller has plumbing contacts and he helped with the job, obtained a permit, and managed to replace the sewer for closer to $5,000. He split the cost with the buyer.
I had asked the seller to produce invoices, receipts and the final permit, because I had a sneaky suspicion the buyer’s bank would require that documentation. For a bunch of reasons, the seller didn’t want to produce all of those documents. Plus, the mortgage loan officer assured the buyer’s agent it wasn’t necessary.
This is the voice of experience speaking here. After 43 years of selling real estate, you learn a thing or two. Sure enough, upon appraisal review in underwriting, the underwriter demanded all of those documents. In a last-minute rush that delayed closing by a couple of days, the sellers produced the documents and we closed.
Selling a home to the neighbor next door might sound like an easy transaction to complete, but no transactions are a slam dunk these days. Having the right professional representation can make all the difference in the world.
Coming Soon Listings From Sacramento and Elk Grove to Lincoln
Coming soon listings are no longer allowed by MetroList in Sacramento without a waiver.
Many Sacramento Realtors do not know we are prohibited from marketing Coming Soon listings that are in off-market status in MLS. We can’t do it (unless we get a waiver signed, which I see no advantage to). That means no signs with Coming Soon on the property, no blogs about it, no posting homes in Zillow or Facebook as Coming Soon listings. And then there are the agents who do know but don’t care. I’m not any of those agents. However, I do have Coming Soon listings from Sacramento to Lincoln that are not yet in MLS, which I bet you’d love to hear about.
Am I right? Would you like to know about Coming Soon listings that are not yet listed but will be soon? You can get on the list of my buyer’s agents or you can contact your own agent and ask your agent to contact me. It doesn’t really mean your offer will receive priority because I have a fiduciary to my sellers, but at least you won’t miss the home when it hits the market. In today’s real estate market, you’ve gotta be Johnny-on-the-spot to snag a house. We have very few homes for sale and a million more buyers than houses. (For you fact checkers, a “million more” is not a literal term.)
Coming Soon Listing Lincoln
Heading the top of the list price-wise is a place in the gated community of Verdera Village, known for its majestic golfcourse homes in Lincoln. Huge square footage, over 5,000. Mind-blowing panoramic views. Explosive sunrises / sunsets. Infinity pool. More bedrooms than any person can probably use except for Octomom. A short sale in the low 900s. Available May 12th.
Coming Soon Listings Curtis Park
Two homes in Curtis Park are coming soon. Both are vintage homes exploding with character. Three to four bedrooms and two baths. Hardwood floors. Two stories each. Updated kitchens and baths. Fairy tale master suites. Hard-to-find garages. Low 700s to high 600s, depending on square footage. Available by Memorial Day.
Coming Soon Listing Elk Grove
Looking for homes in Elk Grove? This is a beautiful single-level K Hovnanian homes situated on a cul-de-sac with almost 1/3 of an acre! Lots of fruit trees and flowers, with a large covered playhouse or hobby room. The home was originally built as a four bedroom but the sellers decided they wanted a formal dining room. So the builder converted a bedroom by opening a wall and turning the closet area into a built-in buffet. Many upgrades throughout. Low 400s. Available May 12th.
Coming Soon Listing Del Paso Manor
The original owners have remodeled this home with love and devotion. All new kitchen featuring subway backsplash and ceramic floors, plus new cabinetry with granite counters. New stainless appliances. Contemporary light fixtures. Refinished hardwood floors. Almost double-size lot, three bedrooms. Low 300s. Available May 17th.
As to why our MetroList doesn’t allow marketing of Coming Soon Listings, I’m not sure, but I suspect it’s because some unethical agents try to capture direct buyer leads and lock out the competition to do dual representation. A few bad apples ruins it for the rest of us. I am a seller’s agent and I do not work with buyers. I don’t have a vested interest in which agent sells our listings, whether it’s an agent on my team, an agent at another company or an agent from the Bay Area. Just as long as it sells and my seller is ecstatic.
Like I said, if you’d like to get on our list of Coming Soon Listings and are unrepresented, call me and I’ll match you with a team member, or call your own buyer’s agent and ask your agent to contact me. Elizabeth Weintraub, Top 3 Listing Agents, Lyon Real Estate, 916.233.6759.
