Desperate Times Call for Desperate Measures in Sacramento Real Estate
Do desperate times call for desperate measures in Sacramento real estate? I’d like to believe otherwise but then I may as well make like an ostrich and stick my head in the sand. Except an ostrich would be likely to end up with a bunch of baby ostriches and I’d just mess up my makeup or lose an earring.
I realize it’s tough out there for home buyers right now. If they love a home, so will another . . . and another and another. That means some lucky sellers are receiving more than one offer for a home. Yet, this is absolutely a great time to buy a home because interest rates are positioned to rise on the horizon. On the downside, if a buyer’s offer contains anything out of the ordinary as compared to the other buyers — like maybe a contingency to sell an existing home — the buyer could be at a distinct disadvantage. To counteract this situation, some agents will write more than one offer for a buyer, even though it is frowned upon and could violate certain good faith contract laws.
The one thing an agent should not do, however, under any circumstances, is send two offers from the same buyer to the same Sacramento listing agent and, on top of it, include a note about how much the buyer LOVES the home. Ummm, which one does the buyer love? We don’t know. But I did receive 2 offers from an agent signed by the same buyers on two different listings. Guess the agent must have figured desperate times call for desperate measures; or, perhaps it temporarily slipped the agent’s mind that both listings are mine.
This is the same agent who called to ask how much the buyer had to offer to get the home. Well, the answer is I do not know. I am not the buyer, and I am not my seller. I can’t read my seller’s mind and, even if I did possess magical powers, I wouldn’t share that information. It’s privileged, covered under client fiduciary, in addition to it’s not fair to other agents. I need to treat all parties fairly. It’s in the Code of Ethics.
The agent moaned and said the agent would do it, and the agent’s general real estate practice is to often help other agents this way. Well, as a listing agent, the agent is only helping the agent who wins the offer, not all of the other agents. No point in explaining that as it’s not my place to educate; some agents would find it demeaning. But I did explain to the agent that we all work differently. My real estate business in Sacramento is undoubtedly unique compared to others. Some of us, apparently, adhere to desperate times call for desperate measures. I don’t tell agents how much to offer. That’s between agents and their buyers.
If you’re looking for an experienced agent to sell your home in the Sacramento Valley, call Elizabeth Weintraub at 916.233.6759. Elizabeth consistently ranks in the top 1% of all Lyon and other agents.