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request for repair: On Dasher and Dancer and What's This Request for Repair Doing Stuck to Rudolph's Nose? - 12/26/11 12:45 PM
My sister asked me whether I had received everything I wanted for Christmas. Then she answered her own text message with: "Of course you did; you're in Hawaii." But that's only because she did not know about the email from a buyer's agent sent on Christmas Eve and received on Christmas Day. Some gifts you can do without.
As a result, I did not pass on the information in that email to my clients. I withheld it. Sue me. They can wait to hear it today. I pride myself on my speed-of-light communication efforts but this is one example of why … (7 comments)
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request for repair: Selling As Is Doesn't Mean You Let a House Go to Hell in a Hand Basket - 07/20/10 10:42 AM
I just finished reading Justin Halpern's cute little book -- when did they start publishing these tiny hardbacks? -- called Sh*t My Dad Says. It's a fun romp and totally engaging, not to mention, although appalling at times it contains a lot of common sense. Gotta say, though, by comparison, it made my dad look like Mussolini. Some of it made me laugh out loud. My husband thought the author was a bit self-centered. He said, "What kind of guy takes off for Mexico on a whim and doesn't think his family will worry about him?" Um, I raised my hand. … (19 comments)
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request for repair: Home Buyer Requests for Personal Property Should Be in Writing - 05/30/10 10:15 AM
Lockbox day came and went on Saturday. But I didn't have time to collect all of my lockboxes from my closings last week because one of my Land Park / Curtis Park buyers needed me to draft a Request for Repair. Picking up lockboxes falls to the bottom of my priority list when a client calls.
I had tried to remove the lockbox from a certain Sacramento listing the day after closing, but the buyers had locked the exterior screen door. My lockbox was attached to the inside door handle. Usually I put them on the gas meter, as long as … (9 comments)
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request for repair: A Request for Repair Pays Off on Foreclosure Home In Land Park - 05/16/10 09:55 AM
As I entered the west bound on-ramp to Business 80 from H Street in Midtown, I noticed a sprinkler head was busted. Water sprayed straight up into the air. Not only might that gusher spray vehicles coming up the on-ramp, but it was wasting precious water in Sacramento. I fumbled for my cellphone -- probably taking my life into my hands -- because that on-ramp dumps you into the off ramp for P Street, forcing drivers to navigate out of that exit lane and into traffic, much of which is hell bent on scooting over to the W / X freeway.
… (9 comments)
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request for repair: Sacramento Home Sellers Should Never Withhold Material Facts from a Buyer - 05/10/10 10:00 AM
There's a good reason for agents to hang on to old escrow files in paper or digital format. Especially buyer's agents. That's because somewhere along the road the buyer might become a seller, and those inspections -- performed when the seller was a buyer -- could become important seller disclosures to the next buyer.
A listing agent and home sellers are required in California to disclose all material facts to a home buyer. You see, buyers generally don't care too much about what you tell them as long as they are informed. It's the withholding of information that can get an … (12 comments)
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request for repair: Buying a Home in Land Park vs. Midtown Could Depend on the Home Inspection - 04/07/10 08:43 AM
"Where did you find this home inspector? I've never seen a home inspection like this before," the Midtown listing agent lamented, adding, "No wonder the buyers canceled!" After the home inspection on a 100-year-old home in Midtown, my buyers decided to cancel their escrow and go after a home in Land Park. I tried to warn them in the beginning that they might be getting into a situation that was over their heads, but they were confident that Midtown was where they wanted to live.
But I don't make decisions for my clients. They make their own decisions. I simply give … (11 comments)
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request for repair: Releasing Contingencies in the Sacramento Market is Risky for Shaky Buyers - 08/20/09 09:29 AM
Because of HVCC, some buyers are standing on shaky ground if they release contingencies. It's considered typical practice due to standard verbiage in the C.A.R. purchase contract to release contingencies on the 17th day after contract acceptance. Of course, there is a box to check that leaves the loan contingency in place until close of escrow, but try checking that box and see how far you get with the seller. So, most buyers are under the gun to perform all inspections and firm up their loans within 17 days.
The problem that can pop up in this market is when the … (6 comments)
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request for repair: After a Request for Repair Has Been Completed, Should the Buyer Ask for a Reinspection? - 12/20/08 09:47 PM
How a home buyer handles a Request for Repair depends on what type of repairs are needed. For example, if the water heater needs to be replaced, a buyer might specify a brand of water heater and ask that it be installed with a permit, if a permit is required. However, if the repair is structural, a buyer may be better off asking for a closing cost credit and hiring his or her own contractor.
The reasoning is sellers will often choose to pay as little as possible to fix a problem when the money is coming out of the seller's … (39 comments)
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request for repair: Home Inspections -- Where Do You Draw the Line on Repair Requests? - 07/25/08 06:47 PM
Much of what I advise home buyers depends on the price and terms under which they purchased a home. Not every aspect of real estate has a cookie-cutter answer. If you're buying an REO, for example, only an extreme health and safety code violation will generally persuade a lender to agree to a Request for Repair and, even then, odds are the answer might be "no."If you're buying a home way under market value, again, a seller might say "no."If you're buying a short sale home, the answer is almost invariably "no."But if you're buying a home from an individual seller … (15 comments)
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Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, East Sac, Lyon RE
Sacramento,
CA
More about me…
Top 1% at Lyon Real Estate #00697006
Address: 2801 J Street, Sacramento, CA, 95816
Office Phone: (916) 233-6759
Cell Phone: (916) 233-6759
Email Me
Broker-Associate at Lyon Real Estate, midtown Sacramento. Selling since 1974. Home Buying Columnist at About.com. Sacramento short sale agent.
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