On my way to an appointment yesterday, a Lyon real estate agent called. She said she and her clients just got out of her car in front of my listing in Carmichael. Before she could say anything else, I said, "Here's what you do: open the doors, get back in the car and drive away. Don't look back. Just go."
This home has been in active short contingent status for 76 days. We have a half dozen offers with a few as a back-up offer, within the first week on the market. Hardly a day goes by that I don't get an inquiry on this short sale. I can understand buyers calling because not every real estate website posts the actual status of homes for sale, which can be very frustrating for buyers who are looking online, and most of them are. Zillow doesn't do it. Trulia doesn't do it. But agents have access to actual MLS data, so they should know better.
But I know what happens. They're out showing homes and a buyer spots a sign, pulls up the home on her cellphone and sees the photos. Falls in love. Then, demands to know why did her agent keep this killer home a secret from her? Why can't she buy that house?
The agent, feeling a bit irritated, calls the listing agent, just to prove a point to the buyer. She calls the listing agent because it's easier and faster sometimes to just pick up the phone than to try to navigate a website, believe it or not. I know that might sound odd and old school to some people. But sometimes it is the fastest way from A to B. The good old cellphone technology does still work.
If the home is not on the buyer's tour, it's not for sale. 99.9% of the time. Yet, buyers are worried they will miss a new listing. Or, that their agent overlooked a listing. Or, they hope maybe a short sale is about to cancel and they could grab it and slip right in. There is not much on the market right now. I understand those concerns. Most agents do. It's a tough market and only the tough agents are making it.
I talked with a potential seller yesterday about a new listing that is not a short sale, another oddity. He lives out of state. After I gave him the report and my ideas for selling, he told me he had 2 more agents to talk with. Oh, who? See, I ask. Because I want my sellers to make an intelligent decision. While I would never say anything bad about another agent, sellers deserve all the information they can get. And I gave the seller the stats from MLS on the other two agents. One of those agents works in Vacaville. A fact that was not made readily apparent to the seller.
It's kinda hard to sell a home in Midtown Sacramento when the agent doesn't live here. You think?
But then on my way to my home office, I spotted the email come across my cell that I had been waiting for yesterday. It was the short sale approval letter for that listing in Carmichael. Fist pump. See, if I tell you to get back in your car and drive away, you can believe me.
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Certified HAFA Specialist


My Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available at Amazon.com.
Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
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.








