sacramento realtor
What to Know Before Selling a Sacramento Home
My phone rings constantly with sellers who do not know what they need to know before selling a Sacramento home. They think they know because they watch HGTV, which is not a documentary. Hate to say. It’s a reality show. Not necessarily real. But it’s good entertainment, and sometimes I watch HGTV for its amusement factor, but I would not rely on it. People have all sorts of ideas of what they need to do before selling a Sacramento home. From replacing the carpeting (and I want to scream no, no, no) to painting all of the walls white. Both, not necessarily good options.
I see so much wasted money on fixing up a home before selling. It’s not really the seller’s fault. They are fixing up the home they way they might want to buy a home, and the two are not mutually exclusive. Trends change. Times change. And all real estate is local, btw. Sacramento real estate is different than, say, selling homes in Pasadena or Miami. Yesterday I spoke with potential sellers who are investing in landscaping. They replaced the fence in the back yard and think they should get all of that money back upon resale. They probably won’t. Most of their ideas about preparing the home for sale won’t payoff.
While putting a concentrated effort into improving curb appeal is always a good idea, curb appeal can often be accomplished through good old fashioned sweat equity instead of spending money on landscaping or trees. Trim the bushes back from the windows, trim the trees so you can see the house; mow the lawn, seed dead grass. Plant a few colorful flowers. But don’t dump $20,000 into landscaping in hopes you will get it back.
Most home buyers today want to see granite counters, and granite is relatively cheap. They want clean lines, neutral colors and with few exceptions, white kitchens are not always the best way to go. I would not remodel a kitchen simply because it is white. But if you have a choice between stainless or black appliances over white, pick one of those two options. Install a few hanging pendants. Put in a pre-rinse faucet and redo the floor. Replace the hardware on the cabinets for a fraction of the price of replacing them.
But don’t take all of this verbatim because every home is different. Your best bet is to call an experienced Sacramento Realtor who can give you accurate and up-to-date information on what do to before selling a Sacramento home. But be sure this is the agent with whom you intend to list. Agents don’t work for free. If an agent comes over to your home to help you out, it is because you intend to hire that agent as your listing agent.
Upward Prices Appear as Stable Trends 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.
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.
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.
© Trendgraphix, available exclusively to Lyon Real Estate agents
College Glen Home Sold in 3 Days $10,000 Over List Price
When these wonderful sellers were referred to me to sell the husband’s family College Glen home, I was truly overjoyed to meet them. Sometimes, a Sacramento Realtor simply connects with her clients. It’s an amazing feeling. People who don’t express or welcome emotions probably don’t do well in real estate. I can tell when I meet people whether there is a spark, and I can also feel the energy when I enter a home. When both are present, whammo, remarkable things can happen. Further, these types of sellers make me want to be a better agent.
The sellers had appointments with other agents but after meeting with me, I think they canceled those appointments. The husband’s wife literally hired me on the spot. She said, handing me the successor trustee documents: I want you to handle this. See, they could tell. I would do whatever I could to make their transaction a smooth and pleasant experience, on top of netting them the most money they could possibly ever expect to achieve. That’s my job.
There had also been a death in the College Glen home, to which I was equally sensitive. Especially since the husband had also grown up in this home. It was truly a treasured residence. My job, as I saw it, was to maximize profit potential and find the right buyer. Lots of people proclaim to be the “right buyer” but so often it’s just a smoke screen. We wanted to choose the buyers who would purchase the home AS IS, not demand repairs nor expect renegotiations later, all of that hocus-pocus employed by some buyers in Sacramento real estate.
The seller told me he expected the home to sell around $282,000. But all of the comparable sales, exemplified by our seller’s market frenzy, pointed to a price of at least $325,000. He seemed a bit astounded, but I showed him the statistics, explained my thinking, my strategy, they unanimously trusted me to do this.
After our open house Sunday, we received multiple offers. One offer was higher, but like I pointed out to the sellers, if they really preferred the first set of buyers — the buyers who submitted an offer on Friday and agreed to wait out the open house — the sellers could always counter the first set of buyers to match the highest offer. That’s exactly what happened and how this College Glen home came to sell at $10,000 over list price, at $335K. We closed 18 days later. No fuss, no muss. No drama. Just a smooth closing. And this is how Sacramento real estate is supposed to happen. It’s why experience matters.
Your Fixer Home in Rancho Cordova is in Sacramento MLS
If you’re looking for a fixer home in Rancho Cordova, look no further. This new listing came on the market yesterday morning and it’s already generating a lot of excitement. This fixer home is located about halfway between Sunrise and Folsom off of Zinfandel. Nice neighborhood. I sold a lot of homes in this neighborhood during the market crash years in Sacramento. Now, the neighborhood is showing pride of ownership and people have equity again.
You can definitely see the possibilities when you walk through this home. It’s a popular model that features a remote living room right off the entry way with a brick fireplace at the far end and a steeple ceiling. It could use new carpeting and new vinyl, although the trend today in flooring tends to favor wood floors or wood-like laminates.
Once you pass the living room on the right, you’ll come into the family room / dining area and the open kitchen. There is a sliding door to the covered patio. The kitchen could use new cabinets and counters, but the appliances appear to be newer. It would not be expensive to buy cabinets because there aren’t very many of them.
The fixer home in Rancho Cordova features 4 bedrooms and two baths, and those rooms are located on the other side of the home. The master suite, of course, is at the back of the home and overlooks the beautiful shaded yard. This neighborhood has a lot of trees. The ceilings throughout are acoustic, and the home was built in 1977, so you can imagine why they should be scraped off and painted. The Sacramento County Assessor says the square footage is 1,367, but I have not measured it.
One buyer has already expressed an interest. His agent shared with me the agent’s wife is a loan officer, and she has completed loans for 2 of her brothers, so she will handle the loan. Not knowing how to respond to this disclosure, I said that it’s good information to know. He thought so, too. So why not jump on the bandwagon and snatch up this home? Come join us at our open house on Sunday from 2:00 to 4:00 pm, hosted by the incredible Barbara Dow. You can also view the virtual tour.
2430 Stokewood Way, Rancho Cordova, CA 95670 is offered for sale exclusively by Elizabeth Weintraub and Lyon Real Estate at $225K. Please, no lowballs. Make your best offer over list price. All offers for this fixer home in Rancho Cordova will be submitted immediately.
Don’t You Get Tired of People Lying to You All of the Time?
Goodness knows, I am no Pollyanna but listening to people lying all of the time is a bit much to take. Especially when the truth would have been so much easier to lean on. The truth has broad shoulders. It will always support you. Plus, as I’ve learned over the years, when you get to be my age, the truth is just so much easier because you never forget what you said. Lies you have to remember.
My mother used to tell me she could always tell when I was lying as a child, but I think she made that up to feel superior. I asked how could she tell, did I have a little white flags that popped up in my eyes? Did you take that last cookie, Elizabeth? No, like George Washington, I cannot tell a lie. Take would imply touching, and I didn’t touch the cookie. I made my brother swipe it and split it with me. My brother would always do what I said. And look at him now, he’d dead. I told him not to die but he didn’t listen.
A person asked me a few months back why I sent a text message to a caller that was a lie. That startled me. She was sitting next to me at the tattoo place where a friend of mine was lying on a chair getting inked. Well, the problem was I have room on my cellphone for only 3 outgoing text messages. I don’t have an outgoing message that says I am at a place of business where I cannot interrupt what I’m doing to take your phone call. I picked the 3 most common things I do, and a tattoo parlor wasn’t one of them. The message I sent implied I was at the dentist, so send a text. When you have 2 seconds to pick a message, I do the best that I can.
But it did make me think that I could alter my 3 text message allotment to better fit most situations. On the other hand, I don’t know the caller, do I owe my exact location and activity as a disclosure to a stranger? I don’t think so. But a simple, “can’t talk right now, please text me,” is a better solution.
One of my best friends who moved to California with me was a habitual liar. She could not help herself. If someone asked what she did for a living, she’d say she was a stewardess. They didn’t describe people as flight attendants back then. I didn’t know why she made up stuff like that because she was a paralegal. There are worse things to be. Like a communications director. I used to think well, she would not lie to me, but people who lie, they lie to everybody. No exceptions.
A former husband, he was number two out of my five, lied continuously. I didn’t say anything at the time because I was married to him. He was a national seminar speaker. Would stand up on stage in front of 2,000 eyeballs and say things like, “I own property in 32 states.” When he didn’t even own a house much less rentals. If it made him sound more important, richer, smarter or whatever his insecurities were, he’d lie about it. Finally, a few years after we divorced, I decided to break my silence. I told all of his business associates and friends how he had lied and what he lied about.
They never spoke to me again. No joke.
People don’t want to hear that a hero, a person they look up to and admire, is a liar. Because if they believed that person, that person must be right. Otherwise it reflects poorly on them. Their belief becomes their own character flaw. I understand that now. I could not, for the life of me, understand that rationale when it happened. People lying is acceptable is some circles. Like the White House. They make excuses for the liar; they try to stretch words and in doing so obliterate the truth, but the fact remains it’s dishonest.
A client told me the other day she wants to work with me because she finds I am authentic. A real person, she said. I try very hard to always stick to the facts, not to overly embellish, and to be straight forward with people. I try to walk that walk. Because I do get tired of people lying to me. I don’t want to be one those. Especially not in business. As a Sacramento Realtor, when I enter into a contract and represent a client, I have created a fiduciary. A relationship I take seriously. I know people like to think that agents lie all of the time, but the truth is most Realtors I know are honest. Unless I’m not at the dentist.