Elizabeth Weintraub: Sacramento Real Estate

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Real Estate Agent - RE/MAX Gold - DRE #00697006
Sacramento real estate and housing market, from Galt to Lincoln. Local observations about Sacramento restaurants, special events, music concerts and the Sacramento lifestyle, including great places to vacation around the world.

ARCHIVED BLOG POSTS

2007 

A welcome aspect about buying an REO is typically you have the opportunity to actually inspect the home prior to purchasing. A not-so-nice aspect is many REOs are listed by agents who specialize in REOs, and they list a ton of them, which means half the time they are too busy to answer their pho...
12/31/2007
Often I hear from a buyer, "My dad told me to buy a foreclosure." And I wonder, why do kids tend to go to their dads for financial advice and not moms? More women are in real estate than men. If anybody in my family asked a male member for financial advice, I'd shoot 'em. OK, that's because the m...
12/31/2007
There are times I am tempted to grab some readers by the shoulders and shake them, saying: "Think, that's all you have to do is THINK." Because I often get asked questions that no sane individual should ever ask. A few months ago, a reader asked me if she could legally remove and sell the kitchen...
12/30/2007
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Everybody talks about the upside to buying foreclosures, but few discuss the dark side. There are pitfalls to buying a foreclosure. Agents may toss about the last sales price as an indication that now the home is priced competitively, perhaps even a bit under market. But that last sales price mig...
12/30/2007
There are several ways to deal with foreclosures: buy directly from the seller, buy at the trustee's / sheriff's sale or buy from the bank. Lots of investors like to negotiate foreclosures from a seller. That's because they can make up the back payments, pull it out of foreclosure and get a deed ...
12/29/2007
This is my "Lions and Tigers and Bears, oh, my!" photograph (to the left). Because I think that phrase amply illustrates how many buyers and sellers feel about distressed home listings such as foreclosures, short sales and REOs. The names sound ominous and perhaps a little frightening. Not to men...
12/28/2007
BEAUTIFUL LAND PARK TUDOR -- Offered at $559,000Courtyard entry with professional landscaping. Corner lot on a desirable street. This home features three generously sized bedrooms, an updated kitchen with eat-in space, built-in hutch, travertine floors, granite counters, double sink with brushed ...
12/27/2007
Not all short sales are foreclosures nor are all foreclosures short sales, but most short sales start out as a foreclosure. Confused? You're not alone. In this market, it's hard to figure out where the line is drawn. On top of which, some lenders are willing to work with home owners and renegotia...
12/27/2007
If you ask 20 different appraisers whether a foreclosure will affect the value of the surrounding homes in any given neighborhood, you might get 20 different answers, but they will all lead to the same conclusion. That conclusion is it depends. I know, that's not what you wanted to hear. But each...
12/25/2007
With the recent passing of the Mortgage Forgiveness Debt Relief Act of 2007, many home sellers are wondering if they will be required to pay taxes on the amount of forgiven debt arising from a foreclosure or a short sale. One of the provisions of this act requires that the home be a primary resid...
12/24/2007
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