The Comparison Between Sacramento Real Estate and Pastries
Selling Sacramento real estate is a little bit like selling pastries. Everybody always wants the cherry beignet or creme brûlée, and they walk right on by the original glazed creme doughnuts or cinnamon rolls. Sell out of the chocolate-sprinkled pastries, and people go wild and keep calling, wanting to know when you’ll get more chocolate sprinkles. Or, maybe it bothers me more than I let on that Doughbot has closed its doors over on 10th Street and W.
The thing is once a home goes into escrow, it seems everybody wants it even if for months nobody wanted it before. Bam, pending sale and buyer’s agents start calling to see if the seller won’t at least allow one more showing, puhlease. They want to know how the sale is moving. If we don’t have a release of contingencies on file, we don’t really know for certain how the sale is moving.
The truth is I can’t predict whether a buyer will close escrow on a Sacramento real estate transaction. I can call the loan officer to ask if the buyers have actually filled out a loan application and submitted tax returns, and that’s a step in the right direction, but it doesn’t assure anybody that the buyer will close. Buyers have a way of freaking out lately, maybe more so than usual. Sacramento real estate has been a bit squirrelly over the summer.
It’s almost like I want to ask the buyer’s agent, are you certain your buyer wants to buy a home in Sacramento? Because a signed purchase offer for that piece of Sacramento real estate is NOT that assurance. It should be, but it’s not. Further, I would like to shelter my seller from any disappointment these types of situations can generate. But we can’t protect them from buyers who will change their minds.
Their agents aren’t likely to ask if they are certain. Their agents are more likely to say sign here and here,?and thanks for the earnest money check. Not because they’re ruthless or whatever, it’s because they often wrongly assume that because a buyer signs a purchase offer that the buyer really wants to buy the house. So, I don’t know how solid an offer is and there is no way I can accurately or honestly tell a buyer’s agent if it’s worth pursuing a pending sale.
If the buyer doesn’t want the chocolate eclair but prefers the creme brûlée, then by all means, put a backup offer on the creme brûlée but that chocolate eclair, I tell you, is mighty tasty. I encourage you to call Elizabeth Weintraub for all of your Sacramento real estate needs.