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Red Hot New Listing in Sacramento 95821 Neighborhood
4360 Lockwood Way, Sacramento, CA 95821 is for sale by Elizabeth Weintraub, Lyon RE.
What a treat is in store for you if you’re looking for a new listing in Sacramento 95821. According to Zillow, this neighborhood is on fire (not literally, given all the fires around Sacramento lately, so don’t panic). What was once a sleepy area is waking up and becoming a very trendy place to live in town. It’s close to the freeways, shopping and within minutes of downtown, so maybe that’s why the demand is high. It’s also relatively affordable. This red hot new listing is no exception.
This new listing in Sacramento 95821 is remodeled. Much of it was torn down to the studs, and new square footage was added during a major remodel a few years back. Our present sellers purchased this home with the hopes of living there forever, but life often presents changes we did not foresee. Their loss is your gain. It’s very unassuming from the exterior. Pulling up to this home immediately makes you feel relaxed, like you’ve been here before, and maybe you have in your dreams. The surrounding homes show pride of ownership, and you begin to think to yourself, is it really true? Could I really live here?
You can. And you’ll love every moment of it. At first, of course, you will feel awe as you absorb the magnificent feeling of this home when you walk inside. It is breathtakingly beautiful. There are dark wood floors throughout mostly and vaulted ceilings make the 2,000+ square footage noted in the public records (not verified) seem even larger. The great room consists of a family room with a double-sided fireplace, a formal dining area, and the enormous kitchen. Your kitchen island is like 3 kitchen islands put together, and you could cater a wedding party in this kitchen!
The formal living room is located on the other side of the double-sided fireplace and offers a beautiful view of the uncovered patio area. All together, this red hot new listing in Sacramento 95821 features 3 bedrooms and 2 full baths. The master suite is enormous. You’ll find a big walk-in custom closet and exterior access to the yard. The master bath features dual sinks, a separate Travertine tub and custom walk-in shower. It’s simply luxurious.
Come to our open house on Sunday, October 15, 2017, from 2:00 to 4:00 PM, hosted by the incredible Barbara Dow from the Elizabeth Weintraub Team. 4360 Lockwood Way, Sacramento, CA 95821 is offered exclusively by Elizabeth Weintraub and Lyon Real Estate at $465K. Please call Elizabeth at 916.233.6759 for more information. If you can’t wait until Sunday, then check out the virtual tour here. You can also call us for a private tour.
See more photos below:
Beautiful wood floors, double-sided brick fireplace and open floor plan.
Vaulted kitchen, recessed lighting, an oversized granite island.
Formal living room with vaults and large picture window lending view of patio.
Lush green lawn, stamped concrete patio and mature trees.
Making Sacramento Home Sellers Refuse to Sell the House to You
Signing dual offers almost guarantees buyers are making the Sacramento home seller refuse to sell to them.
This is a story that needs to be shared in hopes you won’t ever end up in the position of making Sacramento home sellers refuse to sell the house to you. In its telling, the Sacramento buyer’s agent is not the focus of this incident, although she bears some responsibility. She was the last person who could have told the buyer NO, the proposal is a lousy idea. Or, she could have refused to accommodate the request. Or, she could have disclosed her buyers’ intent in the purchase offer. But she allegedly, by her own admission, was in no condition to do any of those things. The point here is she is not necessarily a bad agent.
Some of you reading this blog might say she was inconveniently caught, and if she hadn’t been discovered, all would have been right with the world. If you think that way, you have no business reading this blog. Or selling Sacramento real estate.
It all started when I received an offer that was almost $15,000 over our list price for a home in Sacramento. I began to dissect the offer, to determine what was wrong with it, like I always do upon receipt of an offer. The first thing I noticed was the preapproval letter: although dated that very day, did not match the purchase offer price. It was less. That was odd. Next, I noticed different sellers’ names printed on the offer, followed by a different property address. This was an offer on another property.
When I looked up the property in MLS, it was listed for almost $35,000 less than the purchase offer price. None of this made a lot of sense except for the fact I was fairly certain the buyers had written more than one offer. That maneuver just rubs Sacramento listing agents the wrong way. Lawyers say if the buyers can’t afford to buy both homes, it’s a breach of the good faith covenant inherent in purchase offers. Most agents in this situation would be upfront about this and disclose the multiple offers in the offer. Not this offer, though. This was an offer destined to making Sacramento home sellers refuse to sell the house.
The buyers had written a heartfelt letter about how much they loved the property and were planning to buy their very first home after 30 years of marriage. Except they felt that way about the other house in Rancho Cordova, too. I know this because I called the agent who had the other listing, and she confirmed the buyers had written her sellers a similar letter. She was also holding the offer that was sent by mistake to me. Further, she disclosed the buyer’s agent had pleaded with her to persuade her sellers to take the offer. The buyer’s agent had allegedly promised that listing agent, and I quote, “I will kiss your ass,” (presumably like no tomorrow).
What?
Looks to me, I volunteered, like these buyers are not purchasing either one of these homes. That listing agent and I both agreed this was not a purchase offer that would be beneficial to our clients. When you can’t trust the buyer and you have a bunch of other buyers who haven’t tried to pull shenanigans, it’s an easy decision. Making Sacramento home sellers refuse to sell the house to you is a terrible consequence. It doesn’t make the buyers bad people, either, just misdirected and uninformed.
It’s also a reason why you can see a home go into pending status and a day or so later revert to back on market. Dishonesty and deception should have no place in Sacramento real estate, but sadly, we all see crap like this.
The agent was very apologetic when she finally called to explain. Her buyers forced her to do it; she is under duress; personal life-changing events happening . . . Jim Belushi echoes in my ears. Still, I cautioned, none of that is an excuse to compromise your integrity nor your ethics.
Tip: If the shortage of inventory in our Sacramento real estate is inducing you to consider signing a bunch of purchase offers to see if any stick, please reconsider that approach. Find the home you want, write an aggressive clean offer and do the very best you can. Don’t try to game the system because it can backfire on you. If your agent suggests such a move, hire a different agent.
All of My Friends Are in Real Estate or in Jail
Elizabeth Weintraub, Ginny Gorman and Joan Cox at Ella.
All of my friends are in real estate or in jail, I like to say. Of course, I’m only half kidding. To the best of my knowledge, I don’t know of any friends who are in jail. Just about every person in my life is in real estate in some way or another, with the exception of a handful. I have relationships with real estate agents all over the country. I met them like I meet most people nowadays: online. With some people, you just click, and when you share a common passion for real estate, it’s even more interesting.
Above are two of my friends who came to Sacramento on Tuesday on their way to Napa and Monterey. Joan Cox is a real estate broker from Denver. I used to live in Denver, but that’s not really what Joan and I have in common because Denver has changed so much since the 1970s. We both love our careers and much of what we do is familiar, even though we practice in a different state.
When my husband and I flew to Cuba a few years back, we had a stopover in Denver on Christmas Day. It was Joan who drove out to the airport to meet up for brunch. The thing about meeting people online is often they are exactly as they appear online when you meet them in person, and Joan is definitely one of those people. I don’t mind it that all of my friends are in real estate. I find it a benefit. Because real estate makes up such a big part of my life. I basically devote maybe three hours a day to myself, 12 hours to real estate, and I sleep for the rest.
Joan Cox met Ginny Gorman online at the same website where all the real estate agents blog on Active Rain. I met Ginny online but did not realize that she and Joan were fast friends. Joan has been out to Rhode Island to visit Ginny as well. So now the two of them are on vacation in California. I think when people go into this profession, it’s not unusual to only hang around others in the profession, because real estate is all that encompassing.
After introducing Joan and Ginny to our cats, we had dinner at one of my favorite restaurants, Ella Dining Room. There, sitting right in front of us at Ella was John Shirey, Sacramento’s former city manager. I could tell my husband wanted to say hello, as he knew the guy from Cincinnati. Before my husband was pretty much forced out of journalism and went to work for the state, he had worked the police beat for the Cincinnati Enquirer, which is where he met Mr. Shirey.
My husband would never say all of my friends are in real estate. Most of his friends are in a different occupation all together. But I think my friends are just as interesting. Plus, we refer business to each other. Clients are always asking if we know a good agent just like us in another state. This is a fabulous referral network among friends. Much better than plucking some obscure agent nobody knows. If you need an agent in another state, just ask me. I can probably point you in the right direction. Because all of my friends are in real estate.
Photo above is Sacramento Realtor Elizabeth Weintraub, Denver real estate broker, Joan Cox and Coastal Rhode Island Realtor Ginny Gorman.
Listing a Home in Sacramento and Interviewing Realtors
There is no rule about interviewing Realtors that means you can’t pick the first agent.
Many of the sellers I’ve been meeting with lately to list homes in Sacramento have been interviewing Realtors. It makes sense to ensure it’s a good fit between client and agent. On the other hand, most of my sellers already know they are going to hire me just by talking to me on the phone and reading my online reviews. I also encourage them to hire me. You betcha. I mean, who else has as much experience as I do? I’ve worked in real estate since the 1970s, and I am not ashamed to admit it. I don’t sell 3 or 4 homes a year like 90% of the agents in town. I have real hands-on, day-in and day-out experience that saves my sellers a world of future headaches.
One seller told me yesterday that she’s already interviewed a couple of agents. One agent suggested to her that she should interview more agents; said the seller should talk to at least 3 agents. What kind of agent would say that? I don’t know. I tell sellers they don’t have to interview anybody but me, but if they insist, I’ll probably look that much better by comparison. That always gets a laugh. When the seller said one of the agents told her we are in a slow market, I razzed her, “Hey, was this the same agent who accused you of doing a bad job of interviewing Realtors?”
Our market in Sacramento is still red hot. Listings that are priced right are getting attention and quickly selling. We have more buyers than we have listings. Some lucky sellers are the only game in town, the only home for sale, so you can bet I’m going to position them to attract top dollar. It’s what I do. It’s unusual for me go on a listing appointment where the seller is interviewing Realtors and not walk out with the listing.
Success breeds confidence. But even when I wasn’t so overwhelming successful, like when I first moved to Sacramento and was getting to know the marketplace and everybody in it, I never felt like a failure. I was talking about this topic with my husband yesterday because some people, like BoJack Horseman, OK, he’s not a real person, well, some people are insecure. They second-guess their decisions and down deep worry about everything.
An example. We watched the new Mike White movie, Brad’s Status, at the Tower Theatre in Land Park on Sunday, starring Ben Stiller. A very adult-looking Ben Stiller, unlike the guy from Midnight at the Museum or Zoolander, where he sucked in his cheekbones and pretended to be a model. In Brad’s Status, he has a mid-life crisis, worried that he’s failed in life. It also stars the guy from Masters of Sex, Michael Sheen, and Luke Wilson, who was also in Roadies. Stiller imagines everybody else is better than him. I’ve never had that feeling. I’ve always known I had the ability to do whatever I wanted to do.
Motivation is not a problem for me either. I am self motivated. I set goals and achieve them. Winning listing presentations when sellers are interviewing Realtors is one of those goals. I believe in myself and my clients do too. It comes through loud and clear.
Upward Prices Appear as Stable Trends in Sacramento Housing Market
Five year appreciation of square foot values in Sacramento housing market.
Wow, the last four months of activity and trends in Sacramento housing market show a somewhat stabilizing chart. Beginning in August of 2012, the square foot values were $120. Today the average square foot cost for August of 2017 is $223. The last four months have ranged between $221 and $223. There are no big leaps like earlier in the year. Whether this will carry into the winter months when seasonly prices tend to dip a little bit, hard to say.
Still, to see that square foot values surged by more than $100 a square foot over the past 60 months is astounding.
I talked with a seller in Elk Grove today who is not quite ready to sell his home. He bought the home in 2013, so he has at least $100,000 of equity. I know that right off the bat just because I sell so many homes in Sacramento County. This guy was considering selling next summer, but summer is not the best time to sell in Sacramento. The very best month is April. He is also planning to buy in the city of Davis. Due to our low inventory and high buyer demand, I suggested he might be better off buying a home in Davis this November or December and then waiting to sell his existing home in April, which he can afford to do. Not everybody can.
15 months of price-per-square-foot housing trends in Sacramento.
Here you can see the trends in Sacramento housing market for the past 15 months. Things appeared somewhat stable in June of 2016, bouncing around between $202 and $205 for 6 months and then, moving into early 2017, the prices escalated. I know you’ve got your naysayers, the guys lurking behind the bushes ready to jump out at you and scream Bubble, but it’s just not happening. Loans are too restrictive today and many home purchases are cash.
15 months of inventory show housing trends in Sacramento.
This looming chart looks like our housing inventory has caught a magnificent surfing wave, but in actuality, it’s only moved by 2 weeks. We went from one month of inventory, based on closed sales, to a month and a half. Our buyer demand exceeds the inventory we have available for sale. We won’t see a buyer’s market until we inch closer to 6 months of inventory. We haven’t seen over 6 months of inventory as trends in Sacramento housing market since 2008.
If you want to know more, call your Sacramento Realtor, Elizabeth Weintraub, at 916.233.6759. I’m more than happy to discuss your pending needs and offer advice. You can rely on my 43 years in the business to guide you.
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