sacramento short salesA fortunate aspect of listing so many short sales in Sacramento is the fact that I get to see how other agents write offers on short sales. Some of my short listings each receive 10 to 12 offers. I try to help buyers' agents when they call by explaining that they need to check the comparable sales before writing an offer and base their offer on the comps.

One agent said to me yesterday, "What are comps?" Another sent an offer with one price at the top, a different price at the bottom and no loan information in between. Almost all contained requests for pest completions, home warranties and other demands that most banks won't pay.

Well, last weekend I showed homes in Natomas to first-time home buyers, and we wrote an offer. I share the following listing agent's response with you, not to boast but to show you why you want to hire an experienced short sale agent when writing offers on short sales:

"Hi Elizabeth: We had a multiple offer situation and I'm happy to tell you that your buyer's offer was chosen. The seller should be sending it back to me signed within the next hour or two and I'd forward the executed contract to you. All 7 offers were over the list price, but the seller chose yours mainly because you have experience with short sales and have educated your buyer.

Also, you wrote the cleanest contract and the only one that did not require a counter offer."

The people I feel for are those other 6 buyers who now join the ranks of hundreds of other unhappy and rejected Sacramento buyers.

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The Short Sale Savior, by Elizabeth Weintraub, coming May 15th.

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Elizabeth Weintraub is an author, home buying columnist for About.com, a Land Park resident, and a Land Park real estate 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 sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice. It could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

 

 
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10 Comments on There's at Least One Lucky Natomas Buyer Who's Very Happy Right Now in Sacramento

APR
29
2009
1,260,304 Points 2 Featured Posts Outside Blog Hit Router

Hey Elizabeth

You are the short sale queen. I am looking forward to your book coming out soon.
10:17am • #1
430,351 Points 20 Featured Posts Localism Sponsor Outside Blog

Congratulations on the sale and the compliment...not that I am surpised by either!
11:48am • #2

Very cool situation.  :) 
11:57am • #3
918,860 Points 80 Featured Posts Localism Sponsor Called Shot Master

Your buyers are absolutely lucky to be represented by you, congrats on the transaction Elizabeth!
6:07pm • #4
1,517,164 Points 112 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Another sent an offer with one price at the top, a different price at the bottom and no loan information in between  Sounds like a new contract tactic.  Put two numbers down and see what flies.  Too funny.
7:55pm • #5
644,770 Points 15 Featured Posts Localism Sponsor Outside Blog

I think you need to rush your book along so I can learn these things.  Good blog.
9:18pm • #6
936,415 Points 51 Featured Posts Called Shot Master

Elizabeth - An agent really asked, "What are comps?"  It sounds like a new licensee who has a "supervising" broker, that just turned him loose without a leash.
9:39pm • #7
1,210,622 Points 118 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Elizabeth,

Itis always good to get a compliment from the party you work with, or any others in the transaction. A bit of boost of confidence is terrific.
11:32pm • #8
MAY
01
2009
256,188 Points Outside Blog

Wow, Elizabeth!  That's pretty impressive...Keep up the good work! :)
12:27pm • #9
984,017 Points 106 Featured Posts Localism Sponsor Outside Blog

I posted a blog today about where to buy a pre-release copy of my new book, The Short Sale Savior. :)

short sale agent
12:30pm • #10

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Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, East Sac, Lyon RE

Sacramento, CA

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Top 1% at Lyon Real Estate #00697006

Address: 2801 J Street, Sacramento, CA, 95816

Office Phone: (916) 233-6759

Cell Phone: (916) 233-6759

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Broker-Associate at Lyon Real Estate, midtown Sacramento. Selling since 1974. Home Buying Guide at About.com. Sacramento short sale agent.
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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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