Even though I am just a Sacramento short sale agent, I still follow up on my listings after agents show them. That act seems to surprise some buyer's agents. I guess they think a short sale doesn't deserve the same kind of attention that a regular equity listing does, but that's probably why they are buyer's agents and not a Sacramento short sale agent. All sellers deserve follow up. I send feedback -- whether it's good or bad -- just so my sellers know what's going on.
Yesterday, an agent asked me if her buyer could offer substantially less for a short sale. I asked why. It didn't make sense. The home is priced under market value as it is, and it's an approved short sale. She said her buyer was uncomfortable with falling prices. What? Yeah, prices have been bumping along the bottom for more than a year now. They might even fall a little more. We're not living in high appreciation times. We're not living in times that appreciate at all.
However, I had to tell the agent that if her buyer is afraid of the market, perhaps she's not working with a buyer. Perhaps her "buyer" should not be thinking about buying a home. Not everybody should buy a home. There are reasons to not buy a home. Yet, so many agents run around showing homes and do not realize that they are wasting their time. I think these agents are just so happy that somebody is talking to them, they don't care if the person isn't really a buyer.
If you, on the other hand, can't wait to get your paws on a terrific home in Sacramento, here is a great condo in Campus Commons. It's got 2 bedrooms and a den. One of the bedrooms is an open loft -- a very popular floor plan in Campus Commons. The home was built in 1974 by Robert C. Powell, a guy well known and respected in Sacramento.
The living room features a brick fireplace that separates the living area from the dining room. Large plate glass windows offer gorgeous views of the woodsy and ivy-covered surroundings. The kitchen is open and bright, plus you'll find a breakfast nook to the left of the sliding glass doors to the yard. There is also a den and a guest bath on the first floor.
Upstairs, are the two bedrooms and two more baths. The master suite features a long hall to the bath with dual closets and extra storage. The second bedroom faces the back yard.
The yard is mostly aggregate concrete, but it is huge. Much larger than many yards in Campus Commons. The perimeter offers an opportunity to garden. At one point, the sellers had considered putting in a water feature, and there is a place for it. Of course, this homes comes with a detached 2-car garage. The HOA is $403 a month.
2320 American River Drive, Sacramento, CA 95825, is offered exclusively by Lyon Real Estate as a short sale at $185,000. For more information, please call your Sacramento short sale agent, Elizabeth Weintraub, at 916 233 6759. For a private showing, please call Barbara Dow at 916 761 7398.
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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.
