Elizabeth Weintraub • Sacramento Short Sale Agent • Land Park

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Sacramento Home Buyers and Sellers: How to Tell If You're Ready to Hire an Agent

sacramento home buyers and sellersEvery agent uses different criteria to determine whether he or she will work a particular client. Some agents attempt to work with every person who walks through the office door, emails or calls them. Some agents are judgmental and may dismiss otherwise perfectly good clients for goofy reasons. Some may work only with sellers or only with buyers. We're all different. Here is my philosophy of how I decide whether to take on a new client.

First, I will speak with or email every individual who contacts me. I believe that is simply professional courtesy. Sometimes Sacramento sellers and buyers just want information to prepare, and although they may not be ready to act this week, next month or even next year, I try to help and let them know I will still be in the business whenever they are ready. So, how do you know if you are ready?

Sacramento Home Sellers

These are people who are ready to sell and not just stick a sign in the yard. If a seller doesn't know if he or she truly wants to sell, it's not my job to push them into selling. My job is to sell homes. It's OK if you're not ready. Here are the signs that you are:

  • You are ready to price your home according to the market.
  • If your home sold tomorrow, you'd be thrilled.
  • You've cleaned the house and will keep it in showing condition, no matter how inconvenient.
  • You're eager to let buyer's agents show your home.
  • You're prepared to negotiate.

Sacramento Home Buyers

If you're still in the planning stages, you're most likely not ready to buy a home. You may be ready to only entertain the idea of home ownership, in which case you may want to read first-time home buyer articles online and attend open houses. Few agents want to strong arm a buyer into signing an offer only to watch the buyer go through remorse. Here are signs that you are ready to buy:

  • You have a preapproval letter from a lender.
  • You are focused on certain neighborhoods.
  • You know your price range and comfort zone.
  • You can describe your perfect home.
  • When you find a home that fits your parameters, you are ready to sign a purchase offer.

When you've qualified yourself as a Sacramento home buyer or home seller, then you're ready to hire a Sacramento real estate agent to go to work for you. I work 7 days a week, 14 hours a day, and I've been in this business for 35 years. The reason most experienced agents have been able to survive and thrive throughout any given real estate market over the years is because we produce results. That's a REALTOR's job in a nutshell. To serve your interests and put those interests above our own. But, only if you're ready.

sacramento agent

The Short Sale Savior, by Elizabeth Weintraub, coming May 15th.

Photo: Big Stock Photo

 

sacramento short sale agent

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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 Sacramento. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. DRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available through bookstores everywhere and at Amazon.com.

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.

 

Even Though I'm Not Going to Be Thinking About Real Estate -- You Know I Will

Elizabeth Weintraub Land Park Real Estate Agent in SacramentoIt's raining this morning in Sacramento as I write this, and we're headed out for the airport. I don't know why they have flights this early to LAX. Nobody in their right mind should have to be at the airport before 5 AM. It's such an awful hour.

I've never flown anywhere on Christmas Day before. If I'm lucky, the airport parking lot will be empty, and there will be no long line for security wrapped around the terminal.

At least all my escrows are tidied up and ready to close in my absence. I worked late into last night to make sure  all my documents were faxed and emailed to all the necessary parties. But you know how it is -- I'll still be checking my BlackBerry to see if there's a last-minute emergency somewhere. My concesssion is I will leave my Jawbone at home.  It's just too hard to turn off my brain and not think about real estate, but I'm going to give it my best. Aloha, everybody!

P. S. With any luck, I'll post photographs from Kauai.

Elizabeth Weintraub Land Park Real Estate Agent in Sacramento

The Short Sale, by Elizabeth Weintraub, coming from Archer Ellison in January 2009.

Photo: Elizabeth Weintraub

sacramento short sale agent

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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 Sacramento. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. DRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available through bookstores everywhere and at Amazon.com.

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.

 

Mandatory Flood Insurance for Certain Areas of Sacramento Becomes Effective in December

natomas flood insuranceFlood insurance will be required by December 8, 2008, on all mortgaged homes in the north Sacramento area, which includes Natomas. The following ZIP codes, comprising more than 26,000 homes, will fall under flood insurance requirements: 95833 to 95838 and 95815.

Basically, it boils down to this: if you buy a flood insurance policy now, you pay the lower rate for one year, at which time your renewal rate will be based on the Standard X zone rate. If you do not buy a flood insurance policy until December 8, your rate will be not be grandfathered, and you will pay the AE Zone rate.

Here is the available coverage:

The maximum insurance available under FEMA is $250,000 building and $100,000 contents. Rates are:

  • Preferred Rate for X Zone before December 8: $348
  • After December 8, Standard Zone rate is $1,250
  • After December 8, AE Zone rate is $2,219.

So, if you take out a policy now, your premium for the first year will be $348. After that, $1,250 per year. If you don't, you will pay $2,219.

It's a good idea for everybody in Sacramento to carry flood insurance, whether your home is free and clear or mortgaged. We are bordered by two rivers, with levees that could break at any time, and let's not even talk about the Folsom dam. Remember, a 100-year flood plain does not mean a chance of a flood is one in 100 years. It means you have a 1-in-100 chance of a flood in any year. If you don't have flood insurance, call your insurance agent today.

Source: Jon Merker, TWFG Insurance Services.

elizabeth weintraub sacramento real estate agent in land park

Photo: Big Stock Photo

sacramento short sale agent

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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 Sacramento. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. DRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available through bookstores everywhere and at Amazon.com.

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.

 

Sacramento Area Sales are up 250% Over Last Year

REOs and short sales are driving the market in our tri-county region of Sacramento. “Inventory is down 30% from last year, sales are up 250% from last year, and pending sales are up 270% from last year,” said Michael Lyon, CEO of Lyon Real Estate. In fact, our September inventory (the number of homes for sale) has dropped 31% over the same time last year.

Here are the September stats for Sacramento County, which has had pending sales rise 7% over August and inventory drop another 3%:

Homes sold under $200,000: 52%

Homes sold between $200,000 and $400,000: 41%

Homes sold over $400,000: 7%

The average per-square-foot cost in Sacramento is now $131.

This is a great time to be a home buyer or investor in Sacramento!

elizabeth weintraub sacramento real estate agent in land park

 

 

sacramento short sale agent

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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 Sacramento. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. DRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available through bookstores everywhere and at Amazon.com.

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.