Closed Escrow: 4545 Garfield Av Carmichael CA

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

One of the most emotional things for a seller to hear during a listing appointment is when his Realtor tells him he can't get what he wants for the property. Sellers often have one reality and then there is the market to contend with. There is also the fact homeowners tend to become complacent. They live in the home day after day, so they don't always notice the defects. A defect is just a small thing they will fix one day and never do.

This particular listing also involved long-term tenants who lived in a 100+ year home on the same lot. You know their fear is either being evicted or having their rent raised, so a listing agent must ensure the tenants do not sabotage the sale.

I got around that scenario by not letting any of the buyers see the tenants' home until a buyer was in contract. We got two offers. Then I asked the seller to explain to the tenants that investors are buying the home, and the investors will let the tenants stay. If for any reason the sale falls through and the investors do not buy the houses, then the offer will go our backup buyer who will move into the property and evict them.

Which was true, btw. As a result, the tenants were extremely cooperative. You can read more in my personal blog today at this link: The Sacramento Story of Closing Two Houses on a Lot.

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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.

Comments (2)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Elizabeth, I have a listing in the near future that have tenants in the home, and hoping we won't list until they have moved.   This can be so difficult to sell a property.

Mar 29, 2018 07:59 AM
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Joan Cox Every so often I run across very helpful and considerate tenants, but it's not always the norm. Few people are happy about being told they now have to move out.

Mar 29, 2018 02:27 PM