Big surprise yesterday when we received 5 top awards from Homelight for 2018. Pictured here is Amy McMullan with Elizabeth Weintraub, and we sure miss Amy (who has since moved to Los Angeles). Homelight is a website company that refers sellers and buyers to agents in Sacramento, and they work only with top producers.
All agents are not the same. Clients are wising up to the fact that 90% of agents sell only 2 or 3 homes a year. Not us, of course.
Further, in the digital age, many websites compete for eyeballs on the internet, and those with the best SEO are winning. The Elizabeth Weintraub Team prefers to align ourselves with winners, so we stick with the companies our clients like. However, we were not expecting to win 5 top awards from Homelight. One is plenty, actually.
Given our strong seller’s market in Sacramento, many home buyers today are finding themselves closing escrow but not being able to move into their new homes due to the free seller rent backs. Part of the reason for the free seller rent backs is to induce the seller to accept an offer over another offer without the holdover possession. It’s also because many sellers are not moving up. At least not in my listing inventories.
Sellers are either a) a successor trustee or trustee of a trust; b) moving out of the area; c) selling an investment rental or d) buying a brand new home. They are not coming to me and asking to sell their home so they can buy a bigger, nicer home in a different neighborhood, which would be a normal Sacramento real estate market. But these are not normal times. We need to remind ourselves that much of what is happening today is NOT NORMAL. We can’t get complacent.
Ordinarily, buyers are sometimes a bit timid about offering free seller rent backs. This is a new concept to many home buyers. They don’t understand why they can’t collect rent from the seller, nor do many feel the full impacts of the craziness in limited inventory neighborhoods, but it is a fact of Sacramento real estate today. Sellers expect it and buyers will agree or the seller will sell to somebody else. It’s that simple.
To protect all of the parties, though, we do ask for signatures on a Seller in Possession addendum. This legal document was prepared by C.A.R. lawyers to protect all sides and state who is to continue paying for things such as utilities.
Three of my recent closings involve free seller rent backs. One was for 45 days. Another 3 weeks, and yet another a couple of weeks. In the last transaction, the seller was worried. Now I could understand a buyer’s reluctance, but a seller exhibiting hesitance was unusual. Why, I asked, would you fret over the free rent back when you’ve already closed escrow? Not to mention, you have your big ol’ pile of money, and you get to stay put until you’re ready to go. Doesn’t this exhibit peace of mind for you?
Because what if I broke something, the seller responded. Hmmm . . . you’ve lived in the property for 7 years, have you broken anything yet? No, but I might. OK, good point, let’s discuss.
But for everybody else, it’s a super great deal for sellers, even if buyers have to wait a little.
When I ask our buyers who call this Rocklin Realtor with questions about homes for sale in Rocklin why they want to buy a home in Rocklin, the answers are usually the same. The motivating factor is almost universal. They want to buy a home in Rocklin to live in the Rocklin school district. The schools in Rocklin rate consistently high when compared among rankings of other schools in the Sacramento Valley.
If you’ve got children, Rocklin is a kid friendly place. This house off of Argonaut, presented by your Rocklin Realtor Elizabeth Weintraub, is not a two-story, it’s more of a single-level home, yet there are 4 or 5 stairs that lead from the entertainment areas to another level. There is a bedroom on the main level where you’ll find the living room, dining, kitchen and family room.
You’ll love the main entertainment area. It features wood-like flooring, a vaulted wood ceiling with a beam down the center in the family room, with a floor-to-ceiling brick fireplace built into the wall. An oak cabinet with glass doors is also built into the wall, and the whole space is open to the spacious kitchen.
All of the other bedrooms are located on an elevated level. There are 4 bedrooms, possibly 5 with the playroom over the garage, and 3 baths. It’s a spacious home, almost 2,400 square feet, according to the county assessor, and it’s situated on an extremely large lot of 16,487 square feet or .3785 acres.
If you prefer a bit of privacy, this back yard is very private. It backs to an open space so there are no neighbors within spitting distance. Got an RV? Yes, there is RV access and two driveways, one with an electronic gate. The home itself is situated on a cul-de-sac. What is not to love?
Call your Rocklin Realtor, Elizabeth Weintraub at Lyon Real Estate, 916-233-6759 for more information. 2705 Pecan Ct is offered exclusively by Elizabeth Weintraub and Lyon Real Estate at $499K. All offers considered.