best day to buy a home
Sacramento home buyers have got to be driving up the insanity level of buyer’s agents. There seems to be an increase of activity in which buyers are submitting purchase offers and, upon acceptance, withdrawing those offers. I would almost be tempted to suggest that agents are not counseling nor vetting their buyers prior to writing an offer, but I know for a fact that is not the case in many situations. Just the other day a buyer canceled an existing escrow because the state-mandated natural hazard report disclosed the property is located in a flood zone, although the lender did not require flood insurance. Or, at least that was their story and they were sticking to it.
Most of Sacramento is located in a flood zone. And even if a property is not located in a flood zone, if Folsom Dam bursts, we’re all hosed downstream. Sacramento County is the most at-risk area for a flood in the entire country. Believe it, baby.
It is not the job of buyer’s agents to drag their clients kicking and screaming into escrow. I know some Sacramento home buyers think agents can be pushy but most of the agents I know truly want what is best for their clients. That attitude might be for somewhat selfish reasons because a happy client is a client who refers business to the agent. Unhappy clients push business away. Nobody in her right mind wants an unhappy client. Yet, it’s tough for agents right now.
It’s tough on sellers, too, when Sacramento home buyers fail to perform. Especially when sellers receive a full-price offer and the buyer cancels before the paperwork can make its way to escrow. I’ve had two of those types of situations yesterday, on two different listings. The buyers flaked out. Well, in one instance the buyer could not perform because the agent wrote the wrong kind of offer and made a mistake when she did her homework. The proper way to view that particular situation is: a problem averted down the road. We did not go into escrow as a result but at least we were not the dreaded “back on market” home listing.
With my ear to the ground — the good ear, not the one that I stuffed soda straws into when I was a kid and punctured my eardrum — I hear that almost half of the listings that are pending right now are blowing up. This means we are unlikely to see an uptick in closed sales for December. If it’s gotta happen in any month, December is a good month for a slow down because it’s seasonally a quieter time of the year.
There is still time to buy a home today and be settled by Christmas, though. Call the Elizabeth Weintraub Team at 916.233.6759.
One would think that the real estate business, especially in Sacramento, would be pretty slow over the day before Christmas and on Christmas itself but I still had showings on my listings. I guess I could see this if parents were in town visiting and had but one chance to look at homes with their kids; however, if the main objective was to shop and not buy, like for shoes at Macy’s, that could be done online.
Let me depart for a moment and say how unhappy I am with the quality of merchandise at Macy’s in the downtown Sacramento mall. Its inventory has been downgraded. Gone are many brand names and with it the expensive price tags, which I suppose is a result of supply and demand: Macy’s supplies and then buyers purchase those items online. I propose that shoppers would buy directly from Macy’s if a shopper could ever locate a clerk. You’re lucky to find one clerk per cash register, and that’s if you can find the cash register, which is probably buried under returned items dumped on the counter.
You might think I am just a grumpy old person who goes around complaining about everything and nothing makes her happy, but you would be confusing me with a tourist who had spent time in Miami. Who can be grumpy with the above view from her deck in Islamorada? OK, maybe a person who didn’t get any coffee.
I stumbled into the breakfast room, which is right around the corner from our deck that overlooks this lovely view. Pretty convenient. Scooted past bent-over-guy who was trying to read the headlines of the New York Times without actually touching the newspaper because there could be lizards tucked away inside, I guess; I have been warned to be careful what I pick up around here and I imagine he’s heard the same thing.
Fumbled on the counter for a coffee cup. Picked up the coffee pot and dumped it upside down, shaking out every last precious drop into the paper coffee cup. Grabbed another pot and repeated episode. If my husband’s eyes were not open, this would not have been a problem, but we needed 2 cups of coffee and not just one. I called room service. I don’t think they can identify you at this small resort upon answering the phone, but I was still polite, even though the opportunity afforded me the chance to snarl. I did not snarl, just for the record.
I simply said there was no coffee in the breakfast room. Anticipating that I would be asked if I checked all of the coffee pots, I added that all of the coffee vessels were empty. My husband heard that conversation as a person who did not yet have her morning coffee.
This was not a day for me to receive an email from a buyer’s agent demanding that I educate my sellers on sales prices. My sellers are so educated they should be sporting real estate graduation caps. But it’s the day after Christmas, and I didn’t get into it. Serves no purpose. Besides, when you think about it, I am not the agent who was forced to drag buyers from house to house on the day before Christmas.
Photo: Gulf Bay in Islamorada, Florida, from private resort deck, by Elizabeth Weintraub