This Short Sale in Fair Oaks is Approved For Any Buyer: No More Approvals Required

By
Real Estate Agent with RE/MAX Gold DRE #00697006

4536 Wawona Circle, Fair Oaks, CA 95628Sometimes buyers do the screwiest things. Stuff that makes no sense whatsoever. It makes me wonder if perhaps they don't suffer from some kind of attention deficit disorder, which is why they latch on to real estate agents and make offers on homes they have absolutely no intention of closing on. A buyer made a ridiculous offer on this short sale in Fair Oaks and we submitted it to the bank. Low and behold, the bank had decided to sell the loan to another bank, and our offer arrived smack dab in the middle of this sale.

As a result, the bank accepted the offer, providing the buyer can close by December 17th. Yeah, you heard me -- the bank has issued a short sale approval letter that is assignable to any buyer who can close by December 17th, and we don't have a buyer. This is not to be confused with those listings you see advertised as an approved short sale but mean only that the bank issued approval for another buyer and your offer must be resubmitted. This short sale is approved for YOU. You cash buyers out there? If you have cash and want an incredible deal on this home in Fair Oaks, call me. You can step right into the previous buyer's shoes and close. We don't need another approval letter. This short sale approval letter can be used for you.

This 1980 home in Lake Natoma Heights has 3 bedrooms and 2 baths. You can tell from the photograph that one of the rooms must have a vaulted ceiling, and that room is the family room. It's a popular L-shaped floor plan, with the master suite off to the left of the entry. The entry sports a floral design in the floor tile.

The family room is carpeted and its vaulted ceiling is wood. There is a stone fireplace with a pellet stove insert. On the short part of the L is the kitchen, with ceramic counters, an electric stove and a dishwasher. In fact, all of the utilities in this home are electric. Off the kitchen is an alcove that functions as a separate dining room, with built-in cabinets for extra storage.

Lots of buyers today want a bedroom downstairs. The master suite is located on the first floor, but one of the bedrooms upstairs is about the same size. What's nice about the master suite is it is large and has newer cork flooring, which is very soft under your feet. The master bath has newer marmoleum and a shower. The vanity with a sink is off the bath.

The second bedroom upstairs has newer Brazilian cherry floors, 2 windows, a big closet and a cut-out window that lets you overlook the family room. The third bedroom is smaller and is carpeted. The guest bath, with a shower over the tub, has a window that brightens the room. In addition, the landing on the second floor has a built-in desk and could be used as an office area. An added benefit is the owners have updated the HVAC with 15-seer and a HEPA filtration system.

Of course, it comes with a two-car attached garage, a big side yard and adequate space with an uncovered patio in the back. The front yard is "green" and the ground cover is water tolerant; the vegetation and trees are on a drip system.

4536 Wawona Circle, Fair Oaks, CA 95628 is offered exclusively by Lyon Real Estate as an approved short sale at $203,500. For more information, contact your Sacramento short sale agent, Elizabeth Weintraub, at 916 233 6759.

 

photos: Elizabeth Weintraub

 

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

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 RE/MAX Gold. 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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California Sacramento County Fair Oaks Lake Natoma Heights
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California Short Sales, REO's, and Foreclosures
Posts to Localism
Lyon Realtors
Diary of a Realtor
Bartender, Make it a Double
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

This home in Fair Oaks is definitely going to make a buyer a great holiday gift.  They could in just in time to decorate for the holidays and celebrate in their new home.  You should put some music to this post.  There's No Place Like Home for the Holidays (Karen Carpenter's version of course) would be perfect.

Nov 28, 2010 04:36 AM #1
Rainmaker
2,189,295
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Hi Chris Ann: I don't add music to my posts because I suspect a lot of home buyers are looking at my listings online at work. Last thing they need is a song to come belting out of their computer as the boss walks by.

Nov 28, 2010 07:03 AM #2
Rainmaker
2,765,619
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Elizabeth, I had a loan be sold in the middle of negotiating an accepted offer. It’s amazing the lender gave approval provided it closes by 12-17-2010. I’m hoping Santa brings the perfect buyer for this home and it closes quickly.

Nov 29, 2010 12:28 AM #3
Rainmaker
2,189,295
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Hi Kathleen: Yes, I've had several lenders lately sell loans in the middle of a short sale. It's annoying as all get-out because then you've got to start over with the stinkin' new lender.

Nov 29, 2010 03:16 AM #4
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