How to Get a Sweet Deal in This Sacramento Real Estate Market
If you’ve ever required special circumstances to sell your home in Sacramento, this is the market in which to do it. As a REALTOR in Sacramento, I can tell you unabashedly that buyers will agree to do some of the craziest things just to buy your house. It’s a seller’s market. Sellers rule. I keep thinking that we can’t possibly make the restrictions and conditions under which a seller will sell any more ridiculous, but then I surpass my own thoughts and beat my wildest imagination.
There is very little inventory in Sacramento. If you’ve got a desirable home, you can pretty much write the rules, as long as you’re not breaking any laws, under which you will agree to sell. Me? I just go with the flow and try to make my sellers happy. What I think about the situation is not really important. What matters is what my sellers would like to do and whether I can accomplish that for them. I don’t run around thumbing my nose at people, telling them I know more than they do, even if I do. I just find out what the seller wants, and then I determine whether I am up to the challenge. I love challenges.
I’ll show you one nutty situation. We were ready to close escrow on an Elk Grove short sale when one of the tenants refused to move out. The tenant said he’d go when the sheriff tossed him out on his ear (code for: give me some money). Two days before closing. The buyer’s agent said the buyer was canceling under those circumstances, so I put the home back on the market, with a pending rescission modifier. The confidential comments informed agents that a buyer would have to purchase this home sight unseen and close escrow with a hostile tenant inside. I received a bunch of offers. No joke.
Realizing this, the existing buyer closed.
In another transaction that closed last month, a seller did not want to move out until he moved into his new home. He was steadfast about it, and nothing I could say would change his mind. He also lived in a somewhat difficult area because this little pocket of homes sat among others that were nonconforming. There was only comparable sale. We bumped the price by 6% above that one comp and put it on the market. We received a good half-dozen offers or so, and one of those offers was cash and 4% above the list price. That means the home sold for 10% more than the last home like it. See, it doesn’t cost to hire a Sacramento real estate agent, it pays you.
On top of this, I put the seller into a contingent purchase for a short sale in Elk Grove. Elk Grove, one of the hardest places in town to buy because buyers can stand 30 deep. The contingency period didn’t last very long because I sold and closed his existing residence in 7 days. The buyer of his residence agreed to let the seller rent-back for a period of up to one year at about a $500 reduction from the monthly market rent. He has the right to move out during this one-year period with 30 days’ notice. If that’s not a sweet deal for that seller, I don’t know what is.
If you’ve got a home to sell in Sacramento, go ahead and call your Sacramento agent Elizabeth Weintraub at 916.233.6759. Put 39 years of experience to work for you.