Wednesday June 19, 2013
Sellers often go back and forth when trying to pick a sales price.
Some sellers even believe that their real estate agent should pick the sales price. It's not the agent's house, so picking the sales price is the seller's job. Agents can help by supplying information, but the ultimate decision is made by the sellers.
Or, a seller might want to start out with a list price that is very high, thinking buyers will offer less if they want to, and that's not true. It hurts a seller more to be too high than it does to pick a sales price that is too low. In fact, it's almost impossible to pick a sales price that is too low. Some sellers find that difficult to believe, but it's also true. If a seller picked a sales price that is too low, buyers will generally submit multiple offers, which tend to bid up that price.
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At the time of writing, Elizabeth Weintraub, BRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
Monday June 17, 2013
Have you ever wondered if it was possible for a homeowner to
sell your own short sale?
After all, if a seller was not underwater, a seller could certainly try to sell her home herself. It's known as a FSBO, or for sale by owner. But selling a short sale is a different story. It's even worse if the seller is a real estate agent. I suppose some agents think they should be entitled to the commission if they aren't getting anything else out of the property. I also imagine some agents make side deals with other agents to pick up a referral fee after the transaction closes. But is it legal to make money on the side in a short sale, even if you're not trying to sell your own short sale?
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At the time of writing, Elizabeth Weintraub, BRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
Friday June 14, 2013
Most people know that buying vacant home insurance can be expensive.
But consider what could happen without it. Vacant homes tend to attract crime: break-ins and vandalism. It's the path of least resistance for criminals. Why bother breaking in to a home that is occupied when a vacant home is so much easier to burglarize? Buying a vacant home insurance policy might not solve all of the problems inherent with break-ins, but it will bring a sense of relief and protection.
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At the time of writing, Elizabeth Weintraub, BRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
Wednesday June 12, 2013
It seems like only yesterday that
Bank of America rolled out its new streamlined short sale process. It is called a
Cooperative Short Sale. But this was actually about 3 years ago now.
It began as a pilot program and rapidly caught on. First, only a few real estate agents were able to do a cooperative short sale. I was one of the few and immediately recognized the enormous benefits to sellers. As a result, I began funneling sellers through the Cooperative Short Sale program in Sacramento, even though they did not initially believe me that a short sale could be that easy. I soon laid those doubts to rest, though.
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At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
