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The One Thing a Seller Needs to Sell a Sacramento Home
The one thing sellers need to sell a home in Sacramento.
What does every home in Sacramento need to have to sell to a first-time home buyer who is obtaining financing? You might think the home needs a roof, and you would be right about that. Others might guess a floor and walls, and you’d be partially correct about that answer. Somebody else might suggest a kitchen, and while a home needs to have a sink and stove, it doesn’t need what you might call a full-blown kitchen or even a door to close off that kitchen area. The answer is every home needs a carbon monoxide detector.
Those carbon monoxide detectors have become the bane of our existence for a Sacramento real estate agent. I knew it when the law was passed that this would somehow trickle down to become the listing agent’s responsibility, even though it’s on the buyer’s behalf. Because although the law says homes are required to have a carbon monoxide detector, there are no carbon monoxide detector police about to crash that home and give the homeowner a ticket for not having a CO detector.
I imagine if the home burned down, and the insurance company could prove there was no carbon monoxide detector in the home, that the insurance company could find a way to reject a claim. But when a buyer pays cash and does not insist on a carbon monoxide detector, well, nobody will stop a seller from closing escrow without installing them.
The other question that comes up is how many carbon monoxide detectors are required in California for a home? Are they like smoke detectors and you need one in every bedroom? Nope. The law seems pretty clear that you need a carbon monoxide detector near the bedrooms. If you have a two-story house with a bedroom on the first floor, you need to install a carbon monoxide detector on each floor. If it is new construction, a carbon monoxide detector is required on every floor.
This might lead you to believe that if all of the bedrooms are upstairs you need only one carbon monoxide detector, as long as your home is not new construction. While, that might be the strict interpretation of the law, my experience shows that an appraiser will probably see this differently and most likely will require that the home have two carbon monoxide detectors. A third, if there’s a basement.
So, do yourself a favor. If you’re putting your home on the market in Sacramento, just make sure you have a carbon monoxide detector on every floor. The appraiser has the last word.
Here is handy fact sheet from C.A.R. about Carbon Monoxide Detectors in California. If you’re looking for more tips from this Sacramento real estate agent, feel free to call Elizabeth Weintraub at 916.233.6759.
Don’t Make This Sacramento Home Seller’s Mistake
Nothing speaks louder than real-life stories of home seller’s mistakes in Sacramento real estate and, in some cases, it’s pretty tragic. Further, being an optimistic person who tends to focus on just the good stuff, I don’t ordinarily talk about the home sellers who “go south” (no offense to you Southerners) but sometimes the stories ought to be expressed.
I share this particular story in hopes that some other home seller in Sacramento will be spared. First, let’s set some misconceptions aside. In today’s Sacramento real estate market, often the first offer is the best offer you’ll ever get. You should negotiate with that offer and not shrug it away because you didn’t like the sales price. Sellers can harbor futile hopes that another buyer will pay more but that and a quarter won’t buy a Starbucks. The first offer you receive might be the only offer you will get.
Second, after you hire the best Sacramento real estate agent you can find, you should stick with that agent. Don’t listen to those who will try to persuade you that you can pay less and get more. Where in the world does that philosophy work? You tell me because I’ll go to that store. There is always a tradeoff.
A seller begs to go on the market. Needs to sell because she is getting a divorce and cannot afford the house payments. She has equity. The problem with her home is she bought it thinking she was moving into a certain neighborhood, a desirable neighborhood but, for whatever reason, she was misled. She bought a home in a neighborhood that was not so desirable, yet still close to the more popular area.
These types of homes on the outskirts are very difficult and challenging to sell at prices within the skirts. Although an appraiser who is unfamiliar with the neighborhood will use comparable sales in the more desirable area, buyers often won’t make offers in that price range, and therein lies the problem. Besides, there are real estate agents who know the boundaries of neighborhoods, even if the buyers do not. A home on the outskirts could be worth $25,000 up to $100,000 less than other homes located within that 6-block radius.
This seller received an offer that would have paid off her mortgage, all of her closing costs and give her a little pocket change. She refused the offer. She was indignant. A short while later, she asked to cancel the listing. Big home seller’s mistake. I will always cancel a listing for a seller, though. I am not one of those agents who hangs on to the listing with her teeth and makes everybody angry. I just let it go. Besides, people have their reasons. Maybe they no longer want to sell. Or whatever.
Which is what this seller told me. However, soon after the listing was withdrawn, it was back on the market with another agent. The seller said her ex-husband wanted to hire a different agent, but it was difficult now for me to trust anything she had to say. The relationship between a listing agent and a seller is a fiduciary and built on trust. If the trust is gone, the relationship does not exist. She also mustered the nerve to ask if I would give her my photographs because she did not like the photos taken by her new agent. What?
In any case, her home is now pending as an approved short sale. She could have walked away scott-free but chose this path herself. It makes me wonder why people do this. I take no pleasure in her misfortune. In fact, it breaks my heart. I hope it never happens to you. Because you know what they say, you can learn from your own mistakes, but it’s much better to learn from somebody else’s. Don’t make these kinds of home seller’s mistakes.
