What You Do Not Know About the NACA Program But Should

the naca program

The NACA program all sounded too good to be true. And you know what that means. NACA is a HUD-approved company that makes loans to marginal buyers with bad credit or no credit. There are no income requirements, either. Not only that, but no down payment and no closing costs. Now, the NACA program bills itself as the answer to predatory lending for people who otherwise would get suckered into hard-money loans. Or discriminated against. At least that’s the way I read it.

You can see my ranking below in the hierarchy of preferable purchase offers. I rank NACA right below robbing a bank. But then, I’m a listing agent specialist. My team works with buyers. I do not. I represent sellers. So, of course, I see it differently. read more

How Do Top Listing Agents Market Homes for Sale in Sacramento?

market homes for sale in sacramento

My seller called today to ask just how does a top listing agent like me market homes for sale in Sacramento? She did not ask this question before listing her home for sale or maybe I answered it during our discussions. I often try to anticipate what a seller will want to know before she asks the question. Thinking ahead is one of my specialties, you know. This seller wanted to know what happens when her listing goes live in MLS, where does it go and how does it get there. And specifically, what do I do to market homes for sale in Sacramento? read more

Sacramento Home Selling Myths That Sellers Often Believe

sacramento home selling myths

Because I’m in full blown spring mode dealing with Sacramento home selling myths at the moment, I’ve noticed that I get asked somewhat the same questions from many sellers. At first I wondered where are they getting these ideas? But then I decided there isn’t any one place, and much of it is arrived at within their own minds. It makes sense to them. Even if it doesn’t make a lot of sense to me, those beliefs, so I try to be even more patient and understanding.

One of the most common Sacramento home selling myths I hear repeated: seeing as how we have to pay commissions and closing costs, can we raise the price? The reason we listing agents get that question? Because sellers temporarily forget how we determined the sales price. And they honestly did not think about paying costs of sale. Raising the price seems entirely rational and normal to ask. When you think about it this way, you can see how a seller could come to that conclusion. read more

Wondering How Much to Offer to Buy a Home in Sacramento Today?

how much to offer to buy a homeOne of the hardest decisions for a home buyer is how much to offer to buy a home in Sacramento. Buyers see the list price but it doesn’t mean much to them. Not being in the real estate business, many buyers look to their agents for advice while others soak up bad information on cable TV. All real estate is local. That means only one thing: The only advice that matters is that which pertains to the Sacramento real estate market. Not Los Angeles or Miami or Chicago.

A seller’s market persists in Sacramento. See my Sacramento Housing Market Report for February 2018. We’ve been in the midst of a seller’s market for a long time now. We have very few homes for sale. High demand. Remember your high school classes about the laws of supply and demand? When supply is low, demand goes up. When supply is high, demand goes down. Supply = house for sale. Demand = qualified, ready, willing and able home buyers. read more

How Does an AS IS Sale Work in Sacramento?

as is sale

Technically, when you get right down to it, the question about how does an AS IS sale work in Sacramento makes little sense because every sale is AS IS. But buyers don’t really understand that concept and many of their agents fail to grasp the verbiage, too. For example, many agents do not spend time perusing our purchase contracts. However, they should because our California Residential Purchase Agreement, paragraph 11, states the following:

11. CONDITION OF PROPERTY: Unless otherwise agreed in writing: (i) the Property is sold (a) “AS-IS” in its PRESENT physical condition as of the date of Acceptance and (b) subject to Buyer’s Investigation rights; (ii) the Property, including pool, spa, landscaping and grounds, is to be maintained in substantially the same condition as on the date of Acceptance; and (iii) all debris and personal property not included in the sale shall be removed by Close Of Escrow. read more

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