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Does Seller Motivation Mean No Regrets After Listing a Home?
Seller motivation is important in any Sacramento real estate transaction and extends beyond an urge to sell a home. It extends all the way to closing. Seller motivation means many things, though. When buyer’s agents ask me if my seller is motivated, they are asking if my seller will accept a lower price for her home, and the correct answer to that question is: I send all offers to the seller. A listing agent who responds without permission: heck yeah, let’s negotiate, could be guilty of violating her fiduciary duty to the seller.
Sometimes I spot listings in MLS in which the listing agent has entered that phrase into confidential remarks, the seller is motivated. This may cause a person to think to herself: sure, of course the seller is motivated because the seller has his home on the market, right? Followed by well, there is the matter of the home being priced $100,000 over market value, so that sort of extinguishes the flames of seller motivation right there. In those types of cases, seller motivation might be a secret code to buyer’s agents, letting them know the agent is aware, say, of overpricing, but can’t say so.
Sellers often don’t want to reduce the price because they expect a buyer to negotiate. They fail to understand that buyers really don’t want to negotiate. They cannot wrap their heads around that fact because they are too stuck on the mentality of being a seller. In cases of homes priced too high, buyers often just skip them.
There is also seller motivation that backfires and turns into seller’s remorse. This tends to happen when a home quickly sells or at a higher price than the seller anticipated. The flurry of marketing activity, preparing the home for the market, surviving buyer showings and open house traffic can shift the focus from moving out to getting ready to sell. When the purchase offer arrives, it can cause shock, especially when the seller typically needs to sign within a 24-hour period. A seller can feel pushed. Aggravated.
Harried, exhausted, irritated and feeling like always running a day behind can cause seller’s remorse. It’s not unusual for a seller to question whether he or she has done the right thing by signing a purchase contract. Often this feeling of uncertainty will pass if they just give it a little bit of time to settle in. We all do not process data in the same way. This is why it’s more important now than ever to establish and review your reasons for selling a home before putting your home on the market.
I try to spend a sufficient amount of time with prospective sellers before I take a listing. I met with two different sellers on Friday who are not yet ready to sell their homes. One seller lives in Elk Grove and the other in a 1920’s brick bungalow in Midtown Sacramento. It was easy for me to ascertain that the time is not right because I asked the right questions. The last thing anybody needs is an unexpected upheaval in her life or feeling coerced into signing a listing agreement. I have plenty of patience and compassion. When you’re ready to sell your home in Sacramento, I hope you will call Sacramento Broker #00697006, Elizabeth Weintraub at 916.233.6759.
Is the Midtown Condo Market Ripe for Picking?
If you are shopping for a condo, you might be wondering whether the Midtown condo market is ripe for picking. Is there a particular segment where I could get a great buy? It just so happens I know where to shop, and I should as I’m a Sacramento real estate agent.
When an agents works full-time in real estate, she gets a close-up view of the market. More so than many other agents.
95811 Sacramento Midtown Area Condos For Sale / Trendvision Metrolist
The graph above shows more than 7 months of condos for sale, a high amount of inventory. This is the popular location in Midtown’s happening ZIP Code of 95811. Currently, eight units are for sale and there is approximately only one sale per month, based on Trendvision reports / Metrolist.
Location, location, location, you can walk to restaurants and to the Kings’ Arena. This is a fabulous area to buy real estate. So, when you ask if the Midtown condo market is ripe for picking, what do you think? Now, it is a bit pricey to live in Midtown Sacramento as the sold condos are $438,000, on average.
Are there other areas with a high numbers of condos for sale in Sacramento? Yes, in 95825. However, fewer than two months of inventory are available in this ZIP Code. Currently there are 32 condos for sale but over half sell each month. They are selling like hotcakes and at a very affordable average list price of $282,000 vs the Midtown condo market average list price is $644,000!
In which ZIP Code are surplus condos for sale in Sacramento? In 95811, hands down, an abundance of condos exist in the market. With abundance, demand decreases leaving opportunities to negotiate. For instance, in Midtown, only one condo sells each month. For the last four months only one sale closed each month. Six owners today wait eagerly to sell their condo. Do you think these sellers are getting motivated? Take a look, if a condo takes 210 days to sell in 95811, there is a window open to negotiate a good price.
The Midtown condo market is definitely ripe for the picking. For those of you tired of the suburbs and longing for nightlife, walking to restaurants every night and doing no yard work, this might be the new place to call home.
If you would like to purchase a condo in Midtown, it just so happens we have a beautiful condo for sale 2020 H St # C for $474,950 over 1300 square feet. To view this unit or any other condo in Midtown, please call Weintraub & Wallace Realtors at 916-233-6759.
— JaCi Wallace
Wow Factor in 1910 Midtown High-Water Bungalow for Sale
Look no further than Sacramento for a Midtown high-water bungalow. The inner-city blocks between 24th and 26th and O, P and Q Streets contain many a high-water bungalow — homes typically built between 1900 and 1915. The reason the year 1915 is significant is because that’s the year the levee was built in Sacramento. Before then, a homeowner’s best defense against flooding was a high-water bungalow.
This is a 1910 Midtown high-water bungalow. First, you spot the terrazzo steps flanked by brick. Followed by an inviting front porch from which to watch passersby. However, when you enter the home, it’s delightful to find a floor-to-ceiling column and additional closets in the entry.
Look at the high curved ceiling with picture rails. The owner of a Craftsman bungalow in Woodland, which is presently pending, seemed surprised when I explained picture rails. She lived with them all of her life but didn’t know the purpose behind its decorative feature. They aren’t just a decoration. People used to hang and (probably still do) pictures and artwork by long wires that hooked on top of the picture rail.
One of the most beautiful spots in the home, the spacious dining room. Check out the built-in buffet, featuring glass doors and pull out drawers. This fabulous open dining space, situated between the kitchen and living room, offers gorgeous views of Midtown. You sit high above the street.
You can see that the kitchen has been updated. Refinished cabinets, white-tile counters. And best of all, the personal appliances such as the free-standing microwave and refrigerator will stay with the home. Plus, you will find a breakfast nook directly to the left of the dining bar in this photo. Again, that space offers fabulous views of Sacramento!
All together, there are 3 bedrooms and 2 baths in this Midtown high-water bungalow. Although that might be a bit misleading without the caveat that one of the baths is located in the lower level. I suspect at one time the lower level might have been rented out as an illegal rental unit. The reason I say illegal is because the ceiling height is probably not the required minimum. But you will find an entire apartment with bedrooms, living room and space for a kitchen in the lower level.
Our present seller uses that space for storage. I suppose during parties that extra bath comes in handy. Also in the lower level is a covered area that might do double duty as a carport or garage. It seems at one time perhaps that area was outside the home and later enclosed. You’ve still got a big enough back yard with an orange tree and patio, though.
Why not come to our open house on Saturday, March 31, from noon to 2:00, hosted by the invincible Josh Amolsch from the Elizabeth Weintraub Team.
1500 24th Street, Sacramento, CA 95816, offered exclusively by Elizabeth Weintraub and Lyon Real Estate at the affordable price of $495K. Call Elizabeth at 916.233.6759 for more information, and / or check out the virtual tour for more photos.
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.
Unique Highwater Bungalow in Midtown Sacramento for Sale
2704 S Street in Midtown Sacramento is a 1915 high-water bungalow listed by Elizabeth Weintraub, Lyon Real Estate at $525K.
It’s not every day you run across a 1915 highwater bungalow in Midtown like this particular craftsman. Part of what makes this home unique is the fact the seller raised the home to allow for a 9-foot ceiling height in the lower level. A licensed contractor obtained a permit, constructed new walls and poured a new slab. This means the lower level could possibly become a legal unit.
The city of Sacramento encourages more rental property. Of course, that lower level could be used as a family room, laundry room, studio and storage (it’s about 800 square feet). It is plumbed for another bath. Plus, check out the garage with an electric charging station. The main floor and third floor both feature a full bath, and there is plumbing for a bath off the kitchen, as that particular bath had been removed to allow for a mudroom.
Main Floor 2704 S Street in Midtown Sacramento
There is a bit over 2,800 square feet in this highwater bungalow in Midtown, according to the contractor’s records. The home has 7 bedrooms, according to the county records, and one of those bedrooms is on the main level. You’ll love the original features in the main level bath such as the pull chain toilet, which, btw, is not required to conform to the new water saving regulations for appliance efficiency in California.
Some of the improvements in this home also include a roof replacement, electrical panel to 200 amp and a somewhat updated kitchen provides modern conveniences such as a gas cooktop and dishwasher, built-in microwave and oven.
An updated kitchen at 2704 S Street in Midtown Sacramento
The best part of course is much of the beautiful original woodwork is in its natural state and has not been painted. Many ceilings are coved. The hardwood and softwood floors should be refinished, the cracks resulting from lifting the house should be repaired, and the walls painted. Most of the hard stuff has already been completed.
Just for reference, there are very few homes for sale in Midtown at the moment.
Come see this highwater bungalow in Midtown for yourself on Sunday, June 26th, visit our open house from 2 to 4 PM. 2704 S Street, Sacramento, CA, is offered exclusively by your Midtown Realtor Elizabeth Weintraub at Lyon Real Estate, at $525K. Call 916.233.6759 for more information.
How Much Sacramento Agents Earn
How much Sacramento agents earn can fluctuate from year to year, based on the market.
A real estate agent’s salary, how much Sacramento agents earn in a year, can be a staggering amount of money or just enough to squeak by, and there doesn’t seem to be as much in the middle as you might think. Of course, there will always be those envious individuals who think agents make too much money for what we do, but those people don’t work in real estate and have little idea of what’s involved in the business. Rarely, though, do I meet a person who is concerned that I might not make enough money or end up with no commission on a transaction, and worries out loud about it like a client I met with last night in Midtown.
She was concerned it might take me 6 months or longer to sell her home in Midtown. Maybe it will. It’s a unique property. Maybe it won’t. It will take as long as it takes to find the right buyer. I promised to create a customized marketing plan for this seller. She didn’t want to me to spend a lot of time working on selling her home in Midtown and not get paid. You’ve got to adore people like this, even if that sort of thought process is unnecessary.
The thing is I don’t think about how much about how much money I earn. It is not my focus. Some wise person once said if you focus on your passion, the money will come. It is true. I love my job and don’t really envision my tasks and duties as work, per se. It’s just something I am driven to do. Attack my income, though, try to tell me I should cut my commission, and daggers fly. With precision. A person does not try to tell me I am not worth what I charge and still work with me. I run into people from time to time who want to cut off their noses to spite their faces. They are not my client base. They don’t know what they don’t know.
But I rarely run into a client who worries about how much Sacramento agents earn, concerned that we don’t make enough or won’t make any money. I explained to the seller in Midtown in part how I have been working on selling a home in Elk Grove now for almost a year and a half. Went into escrow yesterday. I don’t give up. Hey, I used to sell a lot of short sales, more than any other agent in a 7-county area over the last 10 years. Because I don’t focus on the money. I focus on my sellers. I make my sellers happy because of my job performance. The home in Elk Grove had issues that needed to be resolved, and some of those issues required time to pass. I stuck with it because I made a commitment.
They all eventually close. Maybe not tomorrow. Maybe not next month. But they will close. Every sale is unique. I’ve heard of agents who drop sellers and cancel listings because it involves too much work or they become disillusioned. They no longer believe in the process. Those agents are idiots.
I never worry about much Sacramento agents earn or my personal income. Depending on market conditions, my annual income can fluctuate. It never falls flat. I’m too busy selling Sacramento real estate. I can sell some homes in a week and another house could take a year or more of concentrated effort. It makes no difference to me.
