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sacramento real estate market: How Flippers Have Changed the Face of the Sacramento Market - 06/18/13 08:39 AM
Because my team and I are physically incapable of being in 10 places at once, I have a group of Sacramento real estate pros whom I can call upon to hold open my listings on the weekends. It is not really necessary for me to be present at every open house, especially when some open houses don't attract buyers, but that is a blog for some other day. One thing I request after the open house is feedback from the real estate agents who held open the home. I want to know how many buyers came through, were they lookie-loos or … (3 comments)
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sacramento real estate market: There Are No Guarantees in Sacramento Real Estate - 06/09/13 10:50 AM
I spent a good part of yesterday in air-conditioned comfort. It was 108 in Sacramento. Well, I did have to go out into the yard when the guys showed up to wash my car and could not figure out how to press the little up button inside the door to close the window.
I left the window open so it wouldn't be so horribly hot inside by the time they got here. Getting into a car that has been sitting in the hot sun is like crawling into a sauna and planting your butt on hot tin.
But the rest of … (7 comments)
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sacramento real estate market: But Wait, I'm Not Done Spinning Straw Into Gold - 05/16/13 07:42 AM
I have to talk about some of the transactions in Sacramento that I do because, well, some of them are pretty darn unbelievable. I look back at them and I can't believe I did it. Plus, they make for interesting stories, if you're a person who enjoys reading about real estate. I am constantly amazed at all the people who like to read about Sacramento real estate. I would think that if you were not in the business yourself or not buying or selling a home that real estate would be kind of a boring topic for you, but I guess … (8 comments)
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sacramento real estate market: Short Sales in Sacramento Decline as Equity Sales Rise - 03/21/13 08:15 AM
You're probably not seeing this phenomenon yet in the real estate stats for Sacramento, but I'm telling ya that short sales are declining and equity sales are rising, and you can take that to the bank. I analyzed MLS a few days ago to see how many short sales were available and there were fewer than 10% of all the homes for sale in Sacramento. But I am also spotting it in my own real estate business.
I'm talking with sellers, looking at the comps, thinking that yes, they could do a short sale, but there might be a way to … (4 comments)
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sacramento real estate market: Bidding Wars in Sacramento - 03/19/13 08:59 AM
All of this clamoring for inventory in Sacramento is nuts. First time home buyers are having a really tough time trying to buy a home. Sellers are getting bombarded with offers left and right, quick duck! The swords are coming out as the fighting begins. I tell ya, the real estate market in Sacramento is pretty much mayhem with people running naked in the streets, and yet there are still buyers sitting on the sidelines saying they don't want to jump into the bidding. Because they don't want a bidding war. I guess they want a home that nobody else wants.
… (6 comments)
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sacramento real estate market: How High Do You Go in Sacramento to Buy a House? - 03/11/13 08:56 AM
How high do you go in Sacramento to buy a house? How high do you go in Sacramento to price a house? These are very difficult times in Sacramento real estate because prices and appraisers and sellers and buyers and real estate agents **everybody** is all over the board.
It's like ants running everywhere instead of marching in a straight line.
I see the Sacramento Bee publishing a press release from Lyon Real Estate almost verbatim instead of actually reporting the news. What kind of reporting is that? Oh, wait, it's the advertising page of the Saturday newspaper. But the fact … (3 comments)
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sacramento real estate market: Has the Short Sale Train Left the Station in Sacramento? - 03/09/13 08:31 AM
People looking around in real estate for an opportunity to make money all seem to be gravitating toward short sales, especially in the short sale capital of the world in California. The REO home sales are pretty much down in markets everywhere and short sales have emerged as the distressed sale preference for many. As a result, I see more and more ads from guys trying to cash in on the phenomenon of short sales.
The main problem is they're a day late and, as Chris Ann Cleland in northern Virginia would add, a dollar short. So, don't get sucked in. … (5 comments)
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sacramento real estate market: Are You Losing Out on Home After Home in Sacramento? - 02/10/13 08:56 AM
In some of the purchase offers I receive for my listings in Sacramento, I often spot the telltale sign. That is the sign of the long-suffering and would-be Sacramento home buyer: an earnest money check dated in the summer of 2012. That's how long some buyers have been searching for a home in Sacramento. They have been writing offer after offer and not getting any offer accepted. They are pushed over and passed by in favor of cash offers or conventional financing deals that exceed 20% down and carry no appraisal contingencies.
We have a really tough real estate market in … (5 comments)
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sacramento real estate market: The New Trend Among Sacramento Real Estate Listings - 01/30/13 07:04 AM
I am not the only Sacramento real estate agent who has noticed the trend. January of 2013 has been a rather odd month as compared to other years. Although the activity has been a bit slower because inventory has dwindled, there seems to be a rising interest in selling Sacramento homes that are not underwater.
Home sellers are cautious still and not completely sold on the Sacramento real estate market, but they are opening their doors and windows to poke their noses outside. Some are saying the weather is crap and cold and why can't we have the sun for more … (6 comments)
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sacramento real estate market: Goodbye to 2012 from French Polynesia - 12/31/12 10:32 AM
I still want to learn how to sail a Hobie cat and ride a jet-ski, and I've got another 18 hours or so left in 2012 to do it, if I plan to squeeze those activities into this year. Maybe I won't. Maybe I will roll those new learning experiences in 2013. See, that's the beauty of lounging about on the beaches of French Polynesia. There is no urgency to any plans. Today? Tomorrow? What difference does it make?
Unless like the real estate market in Sacramento in which time continues to march forward, and a seller's best bet is to … (7 comments)
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sacramento real estate market: Turn of Events for Sacramento Real Estate - 09/08/12 06:48 AM
It's finally happened in my world in the Sacramento real estate market. I've been watching, watching, watching, and up until now have not seen it. Oh, I've read the reports that show the median sales price inching upward but that doesn't mean a whole heck of a lot in the overall scheme of things. Prices can easily fluctuate, especially on a per-square-foot basis, from month to month. Some of it is seasonal. Some of it depends on inventory numbers. People forget that when you are comparing 3 homes, the median price is always the middle.
I am also seeing a big … (2 comments)
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sacramento real estate market: What It Takes for Home Prices to Rise in Sacramento - 07/06/12 07:07 AM
Everybody is sick and tired of today's economy in Sacramento. We all want it to change, to get better. Some people are so depressed that they immediately grab the tiniest bit of news that says the housing market is improving and they begin a parade. Waving that appreciation flag. It's as if it's repeated out loud often enough it will happen. But saying our housing market is on an upward tick needs a solid basis for that belief, and I just don't see it.
Jobs are still in the toilet. I know a ton of people out of work, don't … (5 comments)
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sacramento real estate market: Sacramento Home Buyers Learn the Hard Way If You Snooze You Lose - 05/17/12 06:49 AM
Everybody has their own way of dealing with chaos. And chaos is exactly what we have in the Sacramento real estate market right now. It's absurd. The market is so wild that I've taken to putting listings on the market at midnight now. No joke. I'm not slipping them into MLS mid afternoon, no sirree. Live at midnight.
Then I get everybody into position for the onslaught the following morning. Shields in position, Scotty. Our gravitational sensors are spinning. Warp drive has been knocked out. All power to forward shields.
This is because emails go out to buyers from their agents … (7 comments)
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sacramento real estate market: You Might Have to Line Up to Buy a Short Sale in Sacramento - 04/12/12 06:58 AM
The market is so tight in Sacramento right now that agents are calling me on active short contingent and pending listings. They want to know if there's any chance those listings will fall out of escrow. Not a bad plan of action, actually, since many do blow up. Last year, for example, 1 out of every 3 of my short sales were sold a second or third time.
Surprisingly, those fallout percentages are probably low as compared to those of another Sacramento short sale agent. That's because I put systems in place to minimize the number of fall-outs, which has greatly … (9 comments)
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sacramento real estate market: Pending Sales Exceed the Number of Homes for Sale in Sacramento - 04/03/12 08:38 AM
In a conversation with one of my delightful team members yesterday, I suggested she print out the current Trendgraphix and hand it to every buyer she meets. Because many buyers cannot wrap their heads around the fact that it's a seller's market this spring in Sacramento. It doesn't mean prices are going up or that a recovery is here, because they aren't, and it's not.
I swear to God. Agents are out there poking each other in the eyeballs and slashing their associate's tires. They are crawling all over each other, vying and jockeying for position #1 in multiple-offer situations. Tempers … (6 comments)
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sacramento real estate market: Wow -- Look at This Eye Opener of the Short Sale Market in Sacramento - 02/06/12 09:53 AM
You might ask when you look at how many buyers are trying to lowball short sales: are home buyers stupid? Or, are their agents stupid? See, I don't think home buyers are stupid; I suspect they are confused and frightened. Their real estate agents? I bet their agents are just trying to do their job to the best of their ability in a really tough real estate market in Sacramento.
It's not easy for agents in Sacramento at the moment. I say this for myself, yet I am the number one agent at Lyon Real Estate for last month. Yes, … (6 comments)
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sacramento real estate market: Should You Sell That Short Sale to an Investor or a First Time Home Buyer? - 01/30/12 10:29 AM
I was all primed to write about investors who are buying short sales this morning when I received an email from a buyer's agent who is representing herself. She's trying to buy a short sale in Elk Grove. I have to share this. The agent said she was withdrawing an offer she made yesterday that was too low. I had asked her to bump it up to meet the comps. She said, "According to Zillow.com, it is worth $XXX." As a licensed real estate agent, she has world class tools at her disposal to help her to determine market value but … (11 comments)
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sacramento real estate market: How Long Will It Take to Sell My Home in Sacramento? - 05/23/11 10:04 AM
Anybody who knows me knows I am not a big fan of sports. Any kind of sports. I rarely even watch the Olympics -- winter / summer or special. The big kahuna in baseball or football can pass me by annually and I don't blink an eye. I'm not that interested in men and women competing on a physical level.
But throw me into an arena with a home to sell and a seller who wants to sell it, and I'm gonna hit a home run. I'll size up the wind velocity if it will help with my plan. I've made … (4 comments)
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sacramento real estate market: I'm Just Sitting Here on the Group W Bench - 12/01/10 09:34 AM
They say the numbers don't lie. But numbers lie all the time. Look at 'em, just sitting there on the page. Lies, all lies. Can't you hear 'em squawking, making promises they can't keep? Why, I'll never leave you, say the zeros. And then they skip town. You can count on me, say the fives, as you watch their backbones crumble and morph into squiggly threes.
The thing is there are a dozen ways to manipulate interpret just about any real estate market report. What do you want it to say? Whether real estate prices in Sacramento are going up or … (8 comments)
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sacramento real estate market: How Many Offers Does It Take to Sell a House in Sacramento? - 09/17/10 10:16 AM
Sacramento used to have enough business to go around for everybody, but that's probably not the case today. Even though I live in a sheltered world in which I am 100% focused solely on what I do, I'd have to be blind not to notice real estate companies are closing up shop and real estate agents are taking second jobs. It makes me a bit reluctant to talk about my business, because it seems that even though the real estate market is, in many ways, in the toilet, every year I do better than last. I also don't want to make … (7 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 Guide at About.com. Sacramento short sale agent.
Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying guide for About.com, a Land Park resident, and a Land Park agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully closes short sales throughout Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you.
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