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Need a Land Park or East Sacramento Agent? Hire a Specialist!
In this day and age, you really need a specialist, especially when it comes to selling homes in the Land Park area or East Sacramento neighborhoods. These homes are not your grandmother’s home in Elk Grove or Lincoln. These central city neighborhoods are long established and the homes are as different from each other as New Orleans is from New York City. If you need a Land Park or East Sacramento agent, I am your specialist!
In fact, it’s kind of hard to do anything without a specialist on your side. Like last Friday when I pulled into my driveway in Land Park, I noticed check engine oil illuminated on my dashboard. It had actually been lit up for several days, and I kept hoping that it was just a freaky thing that would eventually stop. The worst that would happen, I figured, is my car would stop running, and I’d abandon it at the curb and grab a cab, eventually calling for a tow truck, but that was unlikely. The way they make these warning features, you’ve generally got a bit of time before all hell breaks loose.
But I’m also a person who gets crap done. I take charge. I don’t sit around in the dark weeping helplessly because my lights won’t go on. Nope, I flip the breaker switch, grab a screwdriver, take apart my light switch and replace it. At least those things haven’t changed much over the years. Unlike a car. I opened my front trunk and looked for the engine. It wasn’t there. No friggin’ engine. I’m not really sure where my engine is located, but I suspect it’s in the middle somewhere, somewhere I can’t get to. I found the windshield washing fluid and the brake fluid, but no oil.
At this point, my husband ventured out. We opened the back trunk and dug through my piles of lockboxes and sold sign riders. Hmmm. What is this? My husband turned a cap and hot pink fluid sizzled out, which he quickly recapped. Well, that wasn’t the oil. Good thing I had had the foresight to have handed him a rag beforehand. I finally resorted to reading the owner’s manual. Yes, when all else fails. Read the manual. Turns out a person can check her oil by turning the key in the ignition, letting the engine idle and pushing a lever near the dash.
I had too much oil, that was the problem, and I just had the oil changed in Midtown. But I also had taken it to the dealer after that for warranty work, and some well meaning yo-yo must have topped off the oil, which is the wrong thing to do for a high performance vehicle like this. The mechanic was probably unsupervised.
You’d think the dealer is a specialist but the dealer’s job is to sell cars. The service department is auxiliary. Even the manufacturer won’t let the dealer perform warranty work without specific permission. My maintenance specialist is located in Midtown, and he removed a quart of oil for me.
If you need a real estate agent to buy or sell homes in Land Park or East Sacramento, call Elizabeth Weintraub. I live in Land Park, and my office is located at the edge of Midtown where it meets homes in East Sacramento. I know these neighborhoods. I know other areas in Sacramento, too. If you’d like to talk, please feel free to call 916.233.6759 or email me. I just might work in your neighborhood. I sold more than 150 homes last year, exceeding $32 million. You can trust that I know what I’m doing.
Need an East Sacramento Agent?
Are home buyers in East Sacramento a dime a dozen these days? That might explain the attitude, I offered to the home buyer who called yesterday morning. We’re in the middle of a seller’s market in Sacramento these days. Lots of buyers, very few sellers. Man, she was in a tizzy. Going on and on about how horrible her last few real estate agents have treated her. One East Sacramento agent kept calling her “friend,” she said, as in “Friend, don’t worry, we’ll write that offer.” Except, he never did. She referred to this agent as cheesebally. I hope nobody ever calls me a cheesebally agent. I don’t know why some agents manage to tick off potential home buyers. I have really no idea.
I suspect this particular home buyer was beginning to think of herself as chopped liver. She has a preapproval letter, plus she’s a conventional buyer with 20% to put down. She’s got the money in her savings account and is able to provide proof of funds. She knows the home she wants to buy. In fact, she’s already identified it. Among all of the homes in East Sacramento, she’s selected hers. How hard can it be to buy it, she wondered?
She had been complaining about this problem to her neighbors when they recalled fondly their own East Sacramento agent. Which happened to be me. I had helped these people buy a home in East Sacramento three years ago. Her neighbors said I was wonderful and suggested she call me. It’s nice to be thought of as wonderful. Beats being a cheeseball, I guess.
I’m always a little bit suspicious when buyers complain about their former real estate agent. Because you never know what they might have done to contribute to the treatment. One thing being an agent as long as I have been an agent has taught me is that there is often two sides to a story. But this buyer seemed pleasant, was qualified to buy and didn’t come across as a nut job — all important components to buying a home. So, I can’t offer an explanation for her struggles.
We wrote a strong offer for that East Sacramento home and delivered it to the listing agent. Didn’t matter that she called me early on a Sunday morning. When a former client sends me a referral, I take care of those people like the precious gems they are. I love referrals. Because criminy, you’ve only got one reputation in this business. If you’re looking for an East Sacramento agent, call Elizabeth Weintraub 916.233.6759. I’ll get the job done.
CITI Almost Thwarts Short Sale of East Sacramento Home
Do you know how hard it is to keep up a seller’s spirits in an East Sacramento short sale? I try very hard to make sure the first buyer we go into escrow with is the buyer we will close escrow with the first time around. I never want to say to a seller: “Look, we’ve got approval twice already, I am confident that buyer #3 will close this time.” Because sellers get exhausted when short sales drag on and on due to buyer cancellations. Not every seller has the wherewithal to hang in there. Some just give up. Throw in the towel. Walk away.
That’s why it’s important to close escrow with the first and only home buyer. It’s how we closed escrow yesterday on another East Sacramento home. This was a buyer who really fell in love with the home. Almost every agent says her buyer loves the home when the offer is presented, but buyers and agents tend to change their tune as the short sale progresses. The engagement process is often all fun and sparkly but some lose enthusiasm along the way. Not this buyer. She was a real trooper. She waited 6 months for this short sale to close. Homes in East Sacramento are worth the wait.
First, the bank decided it wanted a higher sales price. It’s the bank’s prerogative. Often when a home doesn’t move for whatever reason and we end up reducing the price, the banks put the price back where it was in the first place or close enough to it. That’s why it’s extremely important not to price an East Sacramento home too high when you’re deciding on a short sale price. But you don’t want to be too low because you might attract a buyer who can’t afford to increase her price if the bank demands it. It’s like Goldilocks: for homes in East Sacramento you want to be priced just right.
Then, when the buyer’s appraiser did her appraisal, she did not read the purchase contract. The buyer’s agent gave her a copy of the purchase contract and the price increase, but the appraiser was either too busy or she simply ignored the information. Pricing homes in East Sacramento is an art. Not every appraiser is up to snuff. Her appraisal came in at the list price and not the appraised price. It was $15,000 too low. This held up the closing while we scrambled to assemble comparable sales and push the buyer’s lender to reassess.
The second lender, Citimortgage, now One Main Financial, demanded an excessive amount to settle. Wells Fargo met most of the demand except for the last $1,200. It always seems to come down to $500 or $1,000 when we come to a standstill at the OK Corral. You gotta wonder what is wrong with these corporations that they would let a deal blow up over a few dollars, but they do and they will. I guess if you looked at $1,000 x 10,000 deals, that’s $10 million. But the buyer agreed to pay it out-of-pocket. Bless her sweet little heart.
Citimortgage had refused to extend this escrow. Because the appraisal review delayed the closing, we were past our approval letter date. By all accounts, the short sale had expired. We begged and pleaded but CITI denied our requests. They’d only given us 2 weeks in the first place, which is virtually impossible unless the buyer had moved forward on the loan as I had suggested and she, thank goodness, had complied. In the end CITI relented and gave us an extra 24 hours, which we managed to meet.
I like to examine my closings afterward to figure out what this Sacramento short sale agent can do to improve future closings. After 35-some years in the business, I still try to learn. Nothing is ever perfect. In this East Sacramento short sale, if I had changed the listed price in MLS, I could have prevented a clueless appraiser from making a mistake. I am reluctant to change a list price in the middle of an escrow just in case it falls out, but now that we have a seller’s market in Sacramento, there is really very little risk to increasing the sales price during escrow. And it just might avoid a future problem when the next appraiser screws up. It’s smart to be one step ahead at all times. That’s what I strive for.
