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Knock on wood, I asked my husband yesterday if he can remember the last time I was sick. I mean really sick. In bed sick, moaning and groaning, unable or unwilling to get up. It seems that when I was the Communications Director for a Minnesota nonprofit, I managed to use up almost every sick day I had per year. Yet, I cannot recall the last time I didn't feel well.
Oh, wait, perhaps it was after our Galapagos trip in 2005. We thought it would be fun to end the vacation with a trip to the jungle in the middle of Ecuador. Yeah, sticky, hot and buggy, with giant croaking frogs, screaming monkeys and pouring rain at 3 AM -- kinda like Sacramento short sales, now that I pause to reflect. The water wasn't as safe to drink as we were led to believe. I'll spare you the details but let's just say that giardiasis is very unpleasant.
But since I've been a Sacramento short sale agent, I haven't been sick one single day. Have not spent one day for the past 7 years under-the-weather, so to speak. On the surface, you could probably conclude that's because Sacramento short sales are so all-fired consuming that I don't have time to be sick. However, I suspect the truth is I spend most of my productive work time in front of my computer and not in the company of little kids.
It's the kids that get you sick. They are walking little germ-carrying time bombs. And they make everybody else around them sick as well. When I hear a client sniffle over the phone, I ask: Do you have kids? Yup, well, there ya go. The two ingredients for a healthful life: no kids and self employment.
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When I take a hot listing, I know it. I suspect most Sacramento agents know when they spot a hot listing. It's not just price that makes it hot, although, an attractive price doesn't hurt. Especially if it's at that entry-price level that falls within popular price ranges which, in particular, motivate first-time home buyers. It's the condition, layout and style of the home that can drive buyers crazy with desire.
After we sign the listing paperwork, I give my sellers an estimated time line to contract acceptance. When I tell them we'll be in escrow in 7 days, they stare into my eyes searching for signs that I am insane or perhaps stoned, I dunno. It makes no difference if the listing is a short sale or a regular sale. If it's hot; it's hot.
We received 5 offers over the weekend -- all way over list price for a Sacramento short sale. This vintage home is located in the highly desirable neighborhood of Curtis Park, just south of Midtown. We'll probably receive more offers today because not every buyer's agent looks at MLS or calls a listing agent to check on status. The sellers signed an offer last night and brought it over to my home in Land Park. As they were on their way over, I received an offer from an agent I had spoken to the day before.
She said her buyers were finally ready to submit, although they hadn't yet found the time to actually preview the property. If they liked it, though, they would be willing to buy it. They didn't have any concerns, except for a list of 4 or 5 concerns which, to me, sorta looked like concerns. They also don't yet have their preapproval letter, but they wanted to submit anyway. Oh, and they wanted to offer $10,000 under list price because they are conservative.
I like the agent. In fact, I felt sorry for the agent. She's a nice person and deserves better. I told her she is too kind because conservative is not the word I would have used to describe these clients. And, this is the second home they have lost.
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Those who follow my blog have learned I have a special affection for Old Sacramento, and the numerous annual events that occur there. The 16th Annual St. Patrick’s Day Parade will be held there this upcoming Saturday, March 17th at 1:00 pm. I’m looking forward to attending!
However, I also want to share other delightful Old Town adventures in other Sacramento County towns and communities. Each has a special flavor and quaint personality, which goes back to the time of their early roots and beginnings.
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Just when you hope you've heard it all, you know in this business that the worst is yet to come. Some fresh new hell. Recently, it's been agents trying to justify their buyer's offers. The thing is I don't care about your justification. The seller doesn't care about your justification. And the bank for this Sacramento short sale surely does not care about your justification. Nobody cares.
But, sometimes, agents think they possess some kind of magical looking glass through which they can see defects that nobody else can see. Because they must believe we listing agents are all walking around with our heads up our butts -- that we don't know up from down. They want to explain the world according to Garp.
I get emails with a list of property defects accompanying some short sale offers. Because I do not have two eyes in my head. Others send me a list of comparable sales. Because a Sacramento short sale agent does not know how to pull the comps. Yet, others explain to me the buyer's objectives and demand that we attempt to meet them. Excuse me?
Yesterday, a buyer's agent asked me to take his buyer's offer because his buyer needs a 6% cap rate. I do not care that your buyer wants a 6% cap rate. That's your problem, not my problem. My problem is to sell this Sacramento short sale at a price the bank will take. Not meet your buyer's expectations. If your investor wants a 6% cap, you should look at homes that will give your investor a 6% cap rate. This ain't it. You're barking up the wrong tree, there, buddy.
But see, this is why I am a Sacramento short sale agent who closes short sales. I don't get sidetracked while I'm walking down the road to closing. You can dangle shiny things in front of my face, but I continue to move forward. That's because, unlike some agents, I know where I am going. I have a destination in mind. Closing.
This attitude might drive some buyer's agents nuts. But not me. Not my clients.
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