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Why Do Short Sale Buyers Bail at the 11th Hour?
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate)

11811 Sheldon Lake Drive, Elk Grove, CA 95624As circumstances go in Sacramento short sales, the time that a buyer is likely to cancel is almost always right before short sale approval. It's like they can see that train coming down the tracks and they can't wait for it to pull into the station. They jump in their car and go home. Seems the minute that I tell buyer's agents we're about 10 days away, they tell me the buyer wants to cancel. It doesn't make sense.

But then what about real estate or short sales makes sense these days? Not much. People get highly emotional over the silliest notions; it's human nature to react even if that reaction is wrong. Provides a false sense of security and control, I suspect.

The thing is if a buyer cancels a Sacramento short sale, the likelihood is that buyer will start the process over on some other short sale. Who knows what kind of Sacramento short sale agent they'll get on a new transaction? I hear all kinds of horror stories because, as agents go, we're simply a sum of our own experiences. The more short sales an agent sells, the better and more efficient that agent should be. I've closed a lot of short sales. If I tell you approval is coming, you can count on my word.

I am about to sell another Elk Grove short sale. I am pleased to present this delightful short sale home just outside the city limits of Sacramento in the city of Elk Grove. Although, you'd think you were far, far away in the country somewhere, but you're not. This is a small subdivision near the intersection of Grant Line Road and Sunrise. It's horse property. Traffic on this street is limited to 25 mph. There is a speed bump in front.

This is a 3-bedroom, 2-bath home built in 1974. It is situated on a little bit more than 2 1/2 acres, according to the Sacramento County Assessor. The pasture is fenced, and there is a barn for storage, plus irrigation. The back yard features a covered patio and a grassy lawn area up to the fence. Fruit trees in the orchard, too.

The seller removed all of the flooring and replaced it with oversized saltillo clay tile, except for the bedrooms, which have some kind of Berber carpeting. The temperature outside was over 100 degrees when I was there, and the air conditioning was not engaged but it was very cool inside this home. There are ceiling fans and a whole house fan, which keeps it comfortable. Probably the dual pane windows play a factor, too.

You will find cherry cabinets in the baths, granite counters, whimsical custom vanity sinks, and colorful Southwestern flair throughout.

11811 Sheldon Lake Drive, Elk Grove, CA 95624 is offered exclusively by Lyon Real Estate as a short sale at $250,000. For more information, call your Sacramento short sale agent, Elizabeth Weintraub, at 916 233 6759. For a private showing, please call Linda Swanson at 916 607 0111.

Photos: Elizabeth Weintraub

11811 Sheldon Lake Drive, Elk Grove, CA 9562411811 Sheldon Lake Drive, Elk Grove, CA 9562411811 Sheldon Lake Drive, Elk Grove, CA 95624

 

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

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.

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