Land Park, East Sacramento
and Curtis Park Specialist

THE NEW COMMUNICATION – WHAT IS RIGHT?

THE NEW COMMUNICATION – WHAT IS RIGHT?

I was just having the most interesting conversation about our new vs old methods of communication.  We have so many options these days – the old fashioned phone call, email and text.  With so many options, purposes and ages using the options, there is confusion on the appropriate use of each of these.  I would like to share my thoughts and welcome yours! Emails are great for non-emergency communication or when there is a need to have a conversation in writing.  There is no immediacy involved. Texts are a conundrum.  Many think texts can be 24/7.  Some think that texts should be used when there is a need for a quick response.  Others think texts are great when you don’t need a quick response.  Personally, I think texts should be used between 9AM and 9PM so it doesn’t matter if it is a quick or slow response. Phone calls are what keep relationships going.  While emails and texts have their place, they cannot convey nuances of voice for emotion. Adding to this confusion is the plethora of people who have forsaken their landline for a mobile phone.  I keep my phone next to my bed at night for emergency phone calls.  Unless my listing is burning down or being broken into, real estate or general conversation phone calls or texts are not welcome between 9AM and 9PM.  Many people don’t realize that their odd hour phone calls are waking people up! So, what are your thoughts?...

THE LEMONADE STAND

There is something about lemonade stands that I just can’t pass up.  I don’t know if it’s the cute kid on the other side of the table, the childhood memories it creates or I’m simply thirsty, but it draws me like a moth to a flame. So, just like with garage sales, I slam on the brakes and hope no one is behind me.  I rummage in my purse until I find my cash…and here’s the best part…I pull out whatever lands in my hands.  Usually it’s a $20 (my life at ATM’s).  I walk to the table with it wadded up in my hand, tell the kid I don’t really need the lemonade, but compliment him or her on their industriousness.  Then I secretly had them the money and quickly walk away. The reaction is so much fun…and I get more pleasure out of “Mom!!! Mom!!! Look what that lady gave me!!!!  Mom!!! Look!!!) than that child ever gets spending the money. Try it sometime…you’ll never go...

How do you allow for that HUGE workshop?

I love Ryan’s posts and as a Realtor, this one really helps give a market value on a challenging property! How much value does a huge backyard shop add? By Ryan Lundquist on Feb 23, 2017 07:19 am A friend asked me a great question this week. How much value does that huge shop in the backyard add? He wasn’t sure how to pull comps, so I scratched out a few thoughts. Anything to add? 1) The market: Can buyers use whatever the structure is? Will they pay for it? These are good questions to ask. At times home owners build things that are so specific to their own needs that the market really might not even want it (or maybe buyers will simply use it for something else). I think of Michael Jackson’s Ferris Wheel at Neverland Ranch or a $125,000 recording studio in the backyard of an area of Sacramento where values are about $225,000. There might be one buyer out there willing to pay a premium, but does that one buyer really represent the market? Remember, lenders are going to lend based on the market. 2) Find something similar: The best way to uncover value for a large workshop is to find a few examples that have sold. Keep in mind we might not find something exactly the same, but we have to do our best to find something we might think of as competitive. In a rural market there are likely many examples, but in a residential market we might have to pour through years worth of sales to find a large workshop, detached garage,...

A MUCH NEEDED CONVERSATION..

A good friend and superb appraiser wrote this today.  It is well worth reading and sharing with your sellers! Some advice for sellers in an aggressive market By Ryan Lundquist on Feb 07, 2017 07:38 am Dear Sellers, The market feels aggressive out there and you’re probably going to get multiple offers, but let’s have some real talk. Last week I wrote an open letter to buyers, but today I want to share some perspective to help your end of the transaction. Whether you are in Sacramento or elsewhere, I hope this is useful. Any thoughts? Advice for sellers in an aggressive market: 1) Don’t get high on the headlines: It’s easy to read articles that say “the market is hot” and then ignore data in the neighborhood. It’s as if we see something in print and price according to the headline instead of actual sales and listings. Right now there are no shortage of articles saying “Sacramento is one of the hottest markets in the nation”, so be careful about getting distracted by the headlines. 2) Don’t aim for the unicorn: It’s easy to price for that one magical unicorn buyer who is going to pay more than anyone else for some reason, but I would advise you to price based on recent similar sales and similar listings that are actually getting into contract. I find some sellers say things like, “A cash investor from San Francisco is going to swoop in and pay top dollar for my property.” Yeah, maybe. But what might also happen is you sit on the market instead of sell because you priced...

CAUTIONARY TALE ABOUT PACE LOANS

I just attended a meeting today in which PACE loans were discussed.  For some, these are a great option, but everyone should understand the program in it’s entirety and the repercussions of using such a loan.  Many of the very people who promote these loans have not been trained to give the entire picture, so they may not even know the program as they should. PACE loans are energy efficient loans that are paid by attaching the loan to your property tax bill.  This, in and of itself, might be fine if you are staying in your home during the entire time the loan is in place.  However, if you plan on selling while the loan is in place, you are very apt to experience some hurdles. Government back agencies have said that they will not loan on a property that has a PACE loan on it.  That means that if you sell your home, you must pay off the PACE loan before a new loan can be put in place.  This can be a significant burden if yours is a recent purchase and there isn’t much equity yet.  Also, most PACE loans have an early payoff fee of up to 3%.  So, not only are you forced to pay off the loan, but the additional fee as well. When you are being approached by a salesperson to use a PACE loan, be sure to get a quote from him without using the PACE program – you might find a significant difference in cost.  You also would be smart to get other bids without the PACE loan. If you...