Buying a home these days is a little bit like buying a pair of shoes at Macy's. After listing a Sacramento short sale in Del Paso Manor last week, I stopped at Macy's in the Country Club shopping center on El Camino. Macy's was having a shoe sale, and I needed a few pairs of flat, brown shoes. Figured I'd grab them before the spring colors arrived.
The store was mobbed with buyers. There was one sales clerk to serve them, and he had one arm. OK, his arm was in a sling, but still. I picked up eight pairs of shoes to try on; however, Macy's had only one pair in a size 6. It had no inventory, just like our Sacramento real estate market. This was madness.
Its sale rack also had very few size 6 shoes. Most shoe stores put size 6 shoes on display, yet even the display shoes were size sevens or eights. I suppose Macy's needs to continue paying the rent on the store even if it's not producing any income.
This new Lincoln Crossing listing isn't producing any income either because the tenant is moving out today. It's available as a short sale, and there's only one lender. It's possible this home could get short sale approval in April and close escrow in May.
If you're looking for a 2-story with more than 2,400 square feet and a big lot, this home is for you. The kitchen is open to the family room and overlooks the back yard. It has an island with tile and a breakfast nook. There is a formal dining area in the living room as well.
This KB home built in 2005 features 4 bedrooms, which include an enormous master suite, and 2 1/2 baths. The master bath has a sunken tub plus double sinks in the vanity. I measured the master suite, and it's approximately 20 feet by 20 feet. You'll find the other 3 bedrooms upstairs and laundry. Hurry, there's not much like this home for sale in Lincoln Crossing.
838 Devonshire Lane, Lincoln, CA 95648 offered exclusively by Lyon Real Estate as a short sale at $208,000.
For more information, please call your Sacramento short sale agent, Elizabeth Weintraub, at 916 233 6759.
Photos: Elizabeth Weintraub
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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.
Hi Elizabeth, Looks like a very nice home. Good luck to you on this listing, hope it will sell soon for you. Nice presentation.
We have a lot of KB Home neighborhoods in San Antonio, too. Your listing has a nice elevation, and looks very attractive. Looks like the tenants have been taking care of it, too. I hope it sells quickly!
Cheers,
Robin
Wow! Looks like a great home for the money! Best wishes selling it!
The pictures look great!! I hope the house sell soon. The seller did their job too!!
Elizabeth: Macy's has a wonderful shoe department, but it doesn't do any good if they are out of stock in your size. And for the short sale inventory, I know the feeling. Hopefully these are the things that will start to drive prices back up and short sales will, eventually, become a thing of the past.
Hi Elizabeth... Next time try Nordstroms! Better service and selection. Anyone in the Sacramento real estate market looking for a REALTOR who provides Nordstrom level service would be foolish not to call you!
BTW, nice looking listing... Seems like a lot of home for the money!
Funny how that works, my local stores seem to never have size 8 when I'm shoe shopping. Hope you will follow this great house on your blog and let us see what it eventually sells for. I'm betting it will be much more than the asking price. That's a LOT of house for the money if that area.
That sale at Macy's must have been great! Were they giving the shoes away? Wish our area was so scare in inventory. We have a lot of homes for sale!
That's an amazing price on that home Elizabeth! How many offers have your received so far:-)
I'm also fond of shoes at Macy's. . .And I returned from Florida, with shoes on my mind!
Your analogy is terrific. Good luck...shouldn't take too long to sell with your skill set.
2400 square feet seems like a great price. Nice listing
Elizabeth- Great prices! WOW! You can really get some people into homes with those prices!
You have such a great way with words - this is a great home for someone - and I hope you can find the buyer that will understand that a short sale can be a wonderful opportunity for them
From the desk of David Dee,
Elizabeth, sounds like a bargain here. Can be a great 1st time buyer's home or investor.