Real Estate Tips
Don’t believe the news. Or at least don’t believe a majority of it. You might think real estate is going the way of Blockbuster or disco if you watch the news these days. I can tell you with full certainty that it is not. In May, 1,556 homes went into escrow and that is 98% of the inventory that was available in Sacramento County in April 2020. The turnover rate in our area is incredible! Overall, pendings are up 46% from April 2020 and new listings are up 12.1% according to the May 2020 Housing Report for Sacramento County.
Often, buyers ask home sellers for personal property such as washers and dryers, refrigerators, lawn equipment, you name it. I have had several issues with personal property in 2019. So much so that I now suggest the buyers just do a bill of sale for $1. When things go wrong take a wild guess who has to fix it much of the time?
I had a seller who had said from the start to leave the fridge as it was an odd size. We put it in the listing agreement. His daughter had packed up the house and the movers took the refrigerator. We always write in the contract that any personal property is left in as-is condition with no warranty, expressed or implied. Of course, the buyers forget all this. The seller could not get to the stored refrigerator and it was packed away in storage for a month. The sellers agreed to pay a sum of money to the buyers to make them stop calling. The sellers decided they needed the refrigerator after all.
A tip for getting the edge when buying homes in Sacramento. The italics below feature an excerpt from a blog Elizabeth wrote several years ago. It is the same thing happening today. Agents call and ask if we have offers. We say not yet, but expecting offers any moment. Offers are often sent in poorly written, missing information and without proof of funds. Why would an agent ever send in anything less than picture-perfect offers?
Sometimes the offers never even make it in to us. We follow up with every agent and help in any way we can. Make sure you have discussions about your offers before they are sent to the listing agent. This will help with some of the smaller issues. Enjoy.
This article titled: Double Ending the Short Sale vs Giving the Seller Highest and Best Shouldn’t Be a Dilemma, was written by Elizabeth for another publication back in the sorry years. Enjoy. — JaCi Wallace
Many Sacramento listing agents are receiving multiple offers, and not just on REOs or short sales. Any attractively priced, well appointed home in a desirable Sacramento location is likely to draw the attention of more than one buyer. The listing agent plays an important role toward helping the seller figure out which offer to accept because the highest offer isn’t always the best offer.
As we recently posted an interesting blog on a lockbox key, where the Realtor takes keys after showing a listing, this article written by Elizabeth seemed appropriate. Enjoy– JaCi Wallace
If you’ve ever wondered about the history of lockboxes, they go back to days long ago forgotten. But the newest lockboxes work digitally. They will record who comes and goes into your home, so you know which agents have had access and when.
Some sellers wonder if lockboxes are necessary, if they work and whether they provide security. The answer is a resounding yes to all of those questions. Moreover, without a lockbox, buyers might never see your home. Especially in buyer’s markets, when inventory is high, you want to provide the easiest and most convenient way for buyers to see your home.