sacramento buyer’s agents
Every few weeks or so, I run across a Request for Repair from a buyer asking the seller to fund future home improvement projects. This sort of practice is so wild and crazy. It makes me nuts. I can only imagine how the poor buyer’s agent feels when that agent is forced into a corner by the buyer to draw up such an insane document. Well, I can, actually, because I saw one of those documents last week. It was evident to me that the buyer’s agent just threw her hands up in the air and told the buyer to create their own request. Which ended up several pages long. She was obviously at her wit’s end with the buyer.
If you’re thinking about relocating to Sacramento, you’ve definitely come to the right place. As a new buyer to the area, you owe it to yourself to find exclusive representation through a knowledgable agent. It’s a little bit harder than you would think to do it on your own. Further, there is no need to subject yourself to that kind of misery when you can align yourself with an expert for free. The problem is everybody and his uncle claims to be an expert in real estate. So, how can you tell if you’re talking with an agent who will make relocating to Sacramento easy and fun for you?
One of the worst things that can happen in any escrow is dealing with adversarial buyer possession that can arise when the seller refuses to move out on time. The reasons a seller may refuse to move out are numerous. The seller might not have been made aware of the date of closing. Although our transaction coordinators send out an estimated timeline, not every listing agent will respond to the timeline. Some will not send it to their sellers. Some listing agents don’t hire a transaction coordinator, either. Or, sometimes listing agents don’t know how to count the days to closing in a purchase contract. In which case they give the wrong date to the sellers.
When you see Sacramento’s median housing price rose to $317,000 for April, you might wonder what you can buy for that and where can you buy it? Some of you might question whether we’re headed for a bubble, but that’s unlikely. Our median housing price was $374,000 at the height of the market in the summer of 2005. We’re a ways from that. Plus, lending is too restrictive now and many buyers are paying cash. If you’re thinking “bubble” forget those thoughts. Can’t blame the bubble.
Such a relief that I am not on the receiving end anymore when a buyer freaks out, but I do feel the ramifications when it’s the buyer in my transaction with cold feet and it’s my seller who is affected. In this instance, it’s neither of those situations, which is why I can tell you what happened. Because it’s not my transaction. But it is a transaction that almost happened, then didn’t, then got yanked out of the fire and resurrected.
Say an agent has a home listed in Fair Oaks. Along comes a buyer, the offer is accepted and escrow is opened. Then the buyer’s appraisal comes in for less than list price, and the seller decides to let that buyer go along his or her merry little way. New buyer pops into the picture. Writes an offer agreeing to bridge any difference in appraised value, but whoa! The appraisal comes in not at the previous appraised price like expected but another $30K less.