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Working With Real Estate Investors Buying in Sacramento
Real estate investors buying in Sacramento love our home prices.
Who doesn’t love working with real estate investors buying in Sacramento? In what agents call our “thinventory” market, which is still limited despite an uptick of listings, real estate investors are buying homes that first-time homebuyers pass by. Sometimes this means working with agents from the Bay Area who represent Bay Area investors. For some, English is a second language, and things can get lost in translation, if you’re not overly careful, like I am.
Plus, it’s not unusual to run into misunderstandings over verbiage. Say a buyer agrees to purchase a home in its AS IS condition and then changes his mind, for whatever reason, and now wants a credit against the sales price. Or, maybe his agent did not remind him what AS IS means. Or, maybe he never intended to purchase the home AS IS to start with and simply wanted to beat out every other buyer — what we call deception and they claim is strategy. Or, maybe his definition of AS IS varies from our definition. Hard to say.
It is not uncommon, in that scenario, for an agent from out-of-area to try to make demands that are not agreed to in the purchase contract. Some agents operate under very different rules than the rest of us; although we are all governed by California real estate law. They also might not understand that disclosures are provided within the first 7 days of the California Residential Purchase Agreement and not in advance as is the practice in, say, San Jose, for instance.
It can mean it’s more work for the Sacramento Realtor, but that’s OK. Further, I should probably point out that I’ve worked with plenty of agents from the Bay Area who are smart, savvy and fun.
Still, we love those Silicon Valley and Bay Area investors. Those are real estate investors in Sacramento who have cash, not just hard-money loans, and are willing to go the extra yard or two it sometimes take to buy a home in Sacramento. Many homes in Oak Park or North Sacramento, areas with lower median sales prices than the average, for example, are owned by Bay Area investors. The prices of some of those homes are about the same as a covered parking spot in San Francisco.
I can see why real estate investors buying in Sacramento are attracted to our wide variety of homes for sale. In fact, we just closed a sale in Natomas, a fixer home that needed a lot of updating. We received a premium price for that home, too. If you’re thinking about listing a home that you’re unsure will sell, call Elizabeth Weintraub at Lyon Real Estate at 916.233.6759, and it’s possible we’ll sell it to real estate investors buying in Sacramento.
Fixer in Sacramento Listing Hitting the Market Today
8455 Country Greens Ct, Sacramento, CA 95828 is for sale at $185K.
If you’re a budding Sacramento flipper or perhaps an experienced real estate investor looking for a fixer in Sacramento listing, here is the listing you’ve been waiting for. Granted, it is not a For Sale by Owner; it is listed by a top Sacramento Realtor who realizes her fiduciary responsibility is to her seller, so no under-the-table deals like a FSBO. I’m also not one of those agents who seek out dual agency so I can collect both sides of the commission by capitalizing on the “opportunity” to work with an investor who promises the next sale.
I know those kinds of investor buyers exist because I often receive calls from them. We have a list a mile long — which is a euphemism for you advertising police. They say they “want to only work with the listing agent,” and the reason is they are hoping the listing agent is greedy, a schmuck without much in the way of ethics. I hate to suggest they must find that kind of agent somewhere. These guys want to steal the property, make lowball offers, all based on locating a willing and cooperative agent to help them out. No wonder so many people hate real estate agents.
The reason I bring this up is because it’s the fixer in Sacramento listings that seem to drag these guys out of the bar and away from their fuel. Yet, we deal with them because they buy homes that need repair. There is a market for everything in Sacramento. You just have to weed through the less desirables to find the reasonable buyer: the woman or man or LLC who will pay market and close escrow without drama. You can see why not every agent will agree to take a fixer in Sacramento listing.
This new fixer in Sacramento listing is a 2-bedroom, 2-bath home near Elsie and Sunrise Greens. In fact, the subdivision is called Sunrise Greens. It’s about 900 square feet, with a beautiful back yard, a raised and covered deck, including an incredibly cute storage shed.
The second bath has been retrofitted and enlarged to accommodate a wheelchair, with a tiled floor and a roll-in shower. Both bedrooms are good sized and feature ceiling fans. Of course, it has central heat and air. The place just seems to cry out for cosmetics and updates.
Check out 8455 Country Greens Ct, Sacramento, CA 95828, which is offered exclusively by Lyon Real Estate and your Sacramento Realtor Elizabeth Weintraub, at $185K. Please call 916.233.6759 for more information about this fixer in Sacramento listing.
This is the Market for Hard to Sell Sacramento Homes
Selling hard to sell Sacramento homes is a speciality for Elizabeth Weintraub, Sacramento Realtor.
Disappointed or frustrated home sellers who couldn’t sell last year or those who foresee particular challenges with home selling, should realize that this Sacramento real estate market is the perfect time to list those hard to sell Sacramento homes. Because home buyers will look past defects and, due to limited number of homes for sale, might be forced to bid on your house simply because they can’t buy anything else. If you couldn’t sell that home previously, now is your time, providing you hire the right Sacramento Realtor.
Now you might wonder, why would a Sacramento Realtor willingly advertise that she is ready, willing and able to tackle the difficult homes? Why wouldn’t she want to work only on luxury homes in Sacramento or the prettiest of all listings? Perhaps she likes to work on them all. Each home presents its own unique challenges, regardless of how simple the seller might think the home is to sell. Often the question is not whether it will sell but whether it will close and close without drama. And that can happen as well with hard to sell Sacramento homes.
I noticed a for sale sign went up on a home in Land Park recently, which I had showed about 5 years ago. Nobody wanted to buy the home then because it had laminate flooring over hardwood, the character was stripped out and it backed up to a wall. It also featured a weird layout, seemed to have been designed by a bachelor with way too much time on his hands. It was not really a family home in the sense that we think of those types of homes. When I saw the sign go up, I predicted it would finally sell. It closed last week.
This is not the only challenged home. There are many hard to sell Sacramento homes in Land Park and surrounding areas that deserve to be on the market right now. Before the big push comes, if it ever comes this spring, and the way things are going, it might not. We have such incredibly low inventory, a spattering of 1,752 are for sale in Sacramento County, and a whopping 2,879 homes are pending. This means we have more buyers than we have homes for sale.
Buyers who will be willing to install their own flooring, especially if your carpeting is worn and tired. Buyers who will paint those kitchen cabinets or replace them. Buyers who gladly will take a 2-year roof certification with repairs than demand a brand new roof. Buyers who just want a roof over their, four walls and a place to call home, even if it’s not perfect. I can sell those hard to sell Sacramento homes for top dollar.
If you’re ready to put the past behind you and capitalize on today’s market, call Elizabeth Weintraub at 916.233.6759. I have the expertise and knowledge to move that fixer home.
