sacramento short sales: Think You Can't Buy a Nice Pool Home Under $150,000 in Citrus Heights?
- 04/27/09 02:21 AM
This is the type of neighborhood where squirrels can take afternoon naps in the middle of the street without being disturbed. Where neighbors all know your name and wave as you walk by. Where people are respectful of private property rights. Welcome to Sylvan Park in Citrus Heights. Many of the homes in this area were built in the '60s and '70s, but the home I am introducing you to today is the desirable 1958 construction from the Leave It to Beaver era. This delightful ranch home boasts 3 bedrooms, a long galley kitchen open at each end, and a … (8 comments)
sacramento short sales: Review of Josh Ritter and John Prine at Sacramento Memorial Auditorium
- 04/25/09 03:02 AM
What's not to like about John Prine, I ask you? The folksinger is a walking legend among songwriters in America. When I heard he was coming to Sacramento, I immediately snagged tickets for center stage, third row. My husband feels a particular affinity for Prine, I suspect, because they are both from Chicago (my husband was probably all of 7 when Prine hit the music scene there). They both know Roger Ebert. Ebert supposedly gave Prine his first review. When we walked into the historic Memorial Auditorium last night, it was one-third full. I wondered if the Crest was unavailable on … (9 comments)
sacramento short sales: If Your Offers on Short Sales and Foreclosures are Getting Rejected, This May be Why
- 04/21/09 02:42 AM
A frustrated home buyer in Orange County, California, called me long distance yesterday to ask why her offers weren't being accepted and often, in many cases, were unacknowledged. Now, I don't know the Orange County market because I haven't worked in that area since the 1980s. I primarily sell real estate in Sacramento. But if that market is anything like Sacramento, entry-level housing is hot, hot, hot. Which means multiple offers. I asked the buyer if her agent had any experience working with short sales or foreclosures. The answer was no. When I suggested she might ask her agent for a … (16 comments)
sacramento short sales: How Long Will You Wait For An Offer on Your Sacramento Short Sale?
- 04/20/09 03:20 AM
Most of the short sale sellers who list with me have already tried for months to do a loan modification without any success. These sellers have also considered foreclosure and, for a variety of reasons known only to them and their lawyers, have chosen to do a short sale. But with a short sale comes the inconvenience of having to show your home. Sometimes sellers don't want the inconvenience. Last week a seller told me she was leaning toward foreclosure because she's had her home previously on the market a few years ago, and it didn't sell. She tried listing it … (14 comments)
sacramento short sales: Here Are 3 Ways to Figure Out How Much to Offer on a Sacramento Short Sale
- 04/05/09 03:06 AM
I tell all my Sacramento short sale and foreclosure buyers to disregard the list price these days. Because list price, in most instances, means absolutely nothing. It carries little weight in this market. It's a starting point, but it's rarely the end point. Over the past few days, I've received a ton of phone calls on several of my new short sale listings. Only one agent asked me why it was priced so low. But everybody asked how high they had to go to buy these homes, which I can't tell them. Here's are 3 things an agent representing a Sacramento … (13 comments)
sacramento short sales: Talk About Feeding on Sacramento's Foreclosure Woes
- 04/01/09 02:20 AM
If it's happening in Sacramento, it's most likely happening in other parts of the country as well. I mean, nobody is happy when a home goes into foreclosure -- or when that notice of default is received. But crooks are alive and well whenever disaster strikes, always looking for a way to turn a fast buck over somebody else's misfortune, and this depressed economy lends plenty of opportunity for scammers. Yesterday, while I was in Target buying iPods for a seller whose short sale just closed -- thinking about salmonella, wondering when was the last time I gobbled a handful of … (10 comments)
sacramento short sales: Buuuuuut, My House is Worth More Than Those Foreclosures and Short Sales
- 03/15/09 02:15 AM
"If I could only find an agent who sees things my way," whined a wanna-be seller. First he tried to refinance, but the mortgage broker ran the comps and couldn't justify the value. Then he considered selling, but only if he could find an agent who truly understood the value of his home. Harry, we'll call him, bought a home in Sacramento two years ago for around $300,000. Part of his problem was the ZIP code -- that area was, and still is, depressed. Harry, blinded by the falling market in Sacramento and feeling it affected everybody else in town but … (25 comments)
sacramento short sales: Would You Buy a Land Park or Curtis Park Short Sale at $75 a Square Foot?
- 02/26/09 01:53 AM
It sounds unbelievable, doesn't it? A 4-bedroom home in the Land Park / Curtis Park area of Sacramento for $75 a square foot? Hey, it's for sale. I hate to burst your bubble, but it's a farce. How do I know it's a farce? For starters, homes in that area sell in the upper $300's -- on average about $250 a square foot. A bank is not going to accept a short sale offer at a price dramatically below the area's comparable sales. To deliberately price a home this low is terribly misleading to consumers and reflects poorly on the credibility … (12 comments)
sacramento short sales: Swindlers and Crooks are Ubiquitous in the Sacramento Short Sale Market
- 02/07/09 02:15 AM
There are days that I wish I could gather all the short sale sellers in Sacramento in one place -- maybe the Convention Center in downtown Sacramento -- and spend a few hours explaining how short sales work and how to avoid getting ripped off. Sacramento is witnessing an abundance of scam artists who are crawling out of the woodwork in our troubled times to prey on naive underwater home owners. But I intensely dislike giving public speeches, and I don't have the time to put together such an undertaking. I'm hoping somebody else in the position to do this reads … (14 comments)
sacramento short sales: Do Short Sale Sellers Care How Agents Arrived at the Suggested List Price?
- 01/21/09 01:01 AM
I'm going out on a limb here today to suggest that most short sale sellers -- and regular home sellers -- don't give a hoot about a comparative market analysis. They don't want to examine charts, bars and graphs of market movement -- half of which are confusing. They aren't as dedicated to our profession as real estate agents, nor do I expect them to be. Whether median prices slip or inventory declines or pendings fall off course, for the most part, is not important to sellers. Agents care about facts, trends, prices per-square-foot, inventory, median prices and comparable sales -- … (29 comments)
sacramento short sales: How to Price a Short Sale Listing in Sacramento
- 12/06/08 01:38 AM
An agent called me last night on one of my short sale listings to say he wanted to write an offer. His reason for calling was to say he could not believe his lucky stars when he ran across one of my short sale listings in Sacramento to discover it was listed by a "regular real estate agent." I'd like to think my short sale listings get offers because I have priced them appropriately and marketed them well -- little did I know that sometimes it can be name recognition. But I see his point. I don't want to deal with … (19 comments)
sacramento short sales: Explaining to Kiplinger Magazine How a Short Sale Works
- 11/18/08 03:35 AM
One of the interviews I gave last week was to Kiplinger Magazine. I spoke to this reporter a while back for an article about home selling. But this time she wanted to talk about short sales. You know, I'm glad I made her chuckle, but the following is all true, and every short sale agent knows it; even though few really want to admit it. Here is part of our conversation (and no, I am NOT making this up): Kiplinger: So, what happens after you send the short-sale package and offer to the bank? Elizabeth Weintraub: The bank loses it. … (19 comments)
sacramento short sales: Are You Talking On Your Bluetooth or Are You Simply an Insane Person Who is Talking to Herself?
- 11/16/08 01:38 AM
Oh, they may look like sweet little innocents, but that one on the left, that Pia, she chewed through the charger cable for my Jawbone Bluetooth. Every time I plugged it in to my computer, I received an advisory message that said my HUB device was using too much power and would be disconnected. I suspect she chewed right through the wires and crossed them, so no amount of electrical tape is going to fix that. As a result, I have discovered there is no place in Sacramento to buy a new charger cable without buying a totally new Jawbone. … (24 comments)
sacramento short sales: SACRAMENTO SHORT SALE MARKET
- 06/22/08 01:34 PM
I am having a blast making charts lately. You don't need to type a lot of words when you have a chart that so succinctly tells the story about short sales that you want to convey. In case anybody is wondering, no, I did not pull those numbers off of MLS. I pulled them out of my butt. :)
Broker-Associate at RE/MAX Gold, Midtown and Sierra Oaks Sacramento office. Co-partner Weintraub & Wallace Realtors. Selling since 1974. Homebuying expert at The Balance. Weintraub & Wallace sells homes from Galt to Lincoln. <
Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying expert for The Balance, a Land Park resident, who specializes not only in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento but sells extensively from Elk Grove to Lincoln. Weintraub is prominently known as the #1 Sacramento Short Sale agent throughout the Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 40+ years of real estate experience to work for you.
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