If I didn’t know this was 2018 and not 2008, I would pinch myself and be happy we are not dealing with the attitudes of Sacramento short sales. Although, I did receive a call about a property in Elk Grove that was listed a bit over $400K, which suddenly dropped to $330K. The caller asked me if I thought $340K would work as an offer, so we had to discuss how short sales work. Why a bank would accept an offer, and how banks look at their BPOs. Still, I could work the comparable sales to arrange for a pretty good value that we could substantiate, but then the buyer never called back.
The beginning of the story of closing the Northstead short sale in Natomas goes back to last summer. I received a frantic call from the mother of the owner (a veteran) of this home. Recently discharged from the military for medical reasons, the veteran’s mother held power of attorney to sell his house. Both mother and son lived in South Dakota. When the seller bought this home originally, his wife executed an interspousal transfer deed, and she moved into the home with their children.
What foresight, though. Like he almost knew the relationship would not last. The interspousal transfer deed meant the wife could not claim any community interest in the property. Ever.
When I tell you the views from this home overlooking the Catta Verdera Golf Course in Lincoln are spectacular and mind blowing, you will still need to tour this home for yourself because photos can’t do enough justice and words will render you speechless, particularly when you’re absorbing the view in person from this back yard. The Catta Verdera Golf Course is part of the Catta Verdera Country Club, which boasts the only 4 1/2 star golf course in Northern California. This .3571 lot sits high on the hill with views of Sutter Buttes and the Sacramento Valley, as far as the eye can see.
Whose problem is it when a Chase FHA short sale takes more than a year to close escrow? I get so many calls from home buyers wondering why is that Carmichael short sale still for sale month after month, and I feel like telling them to go look in the mirror. Yet, this home I only sold 3 times, so that’s about right, on average it works out to about 4 months for each buyer. I am one of the few agents in Sacramento who will handle a short sale, which is why I have sold more short sales than anybody over the past 10 years.
My new listing hit the market yesterday, it’s under $200,000, and it’s a remodeled home in Foothill Farms. That’s all you really need to know but I’ll give you the rest of the details. The living room has laminate flooring that looks like real wood, and crown molding. You will also note an oversized stained glass front door and a ceiling fan.
The seller is a house painter by profession, evident by some of the two-toned rooms. You’ll find ceramic flooring in the kitchen and dining area, an updated kitchen with granite counters, newer cabinets, stainless appliances, and plenty of storage space. Seller says the refrigerator can stay, but you’ll need to ask for it in the purchase contract.