Fixer Home Sold 3 Times in 30 Days in East Sacramento

By
Real Estate Agent with Lyon Real Estate BRE #00697006

No sooner did I put this fixer home in East Sacramento on the market than I had an offer. I told the agent I did not want to advise my seller to take it because I did not believe (for a valid reason) that her buyer would close escrow. Helps that of course I knew of her buyer, had spoken to him a few times. Recalled when he first started his flipping business or at least when I had become aware of it.

This person was better than some other flippers I've had the distinct displeasure of working with. So many of them do not know what they are doing. Not only that, but they spend weeks "investigating" the property and then try to renegotiate at the 11th hour. Seems par for the course, despite what they promise.

Which is how I came to sell this property 3 times over 30 days. Bad part about that, of course, is I only get paid once and my seller goes through turmoil. This particular seller was pretty far removed, given his particular circumstances. He had two tragedies happen and then a third, and all 3 were unrelated to the escrows and much much worse than a canceling transaction.

You can read more in my personal blog today at this link: Fixer Home in East Sacramento Closes Escrow After 2 Cancellations.

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Certified HAFA Specialistelizabeth weintraub

 

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

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

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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Topic:
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Tags:
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Ambassador
1,636,496
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Good lord. My heart goes out to the seller. This was a wild ride - hope it ends well. He's lucky to have you in his corner, that's about all I can say. 

Apr 28, 2018 09:30 AM #1
Ambassador
3,461,397
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Oh my gosh Elizabeth, if I were going through something like this I'd want you working on my behalf!  Please keep us informed. 

Apr 28, 2018 04:39 PM #2
Rainmaker
501,395
Hella M. Rothwell, Broker/Realtor®
Carmel by the Sea, CA
Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea

You are there for your seller 100% and this story should attract others who might attract "flippers". For some reason it reminds me of garage sales where the "professionals" show up before you even open to try to talk you down in price. Really?

Apr 29, 2018 06:55 AM #3
Rainmaker
3,702,192
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Elizabeth, this transaction sounds like it was a nightmare for the Seller given their own personal issues along with three contracts.  Congratulations, and glad it finally closed.

Apr 30, 2018 06:38 AM #4
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