how to sell investment property
Sacramento Duplex Sold in Four Days With 10 Offers
The sellers of a Sacramento duplex were referred to me by a previous client. With the exception of my internet marketing, all my other clients tend to come from referrals, but that’s what happens when a Sacramento Realtor has worked in the business for 40-some years. Veteran agents (who are also top producers) are not out there in the dirt, scratching for business. I thank my lucky stars every day for that.
The sellers are simply delightful people, and I truly enjoyed selling this duplex for them. When we met to discuss price, they thought my suggested listing price was too high. They had done a bit of research and were prepared to sell for much less. See, you can’t get values online. This is one of the main reasons to hire a good Sacramento Realtor who will tell you the truth about your sales price with her finger firmly placed on the pulse of the market. I can often predict the sales price that will attract a buyer. What I can’t always predict is exactly how high the bidding will go, but I can surely set the stage for multiple offers.
The first step in listing a Sacramento duplex is to talk with the tenants, meet them face-to-face and have a conversation. Tenants have fears about their home being sold, and it is my job to extract their cooperation while alleviating those fears, and I accomplished that objective. Next is to position the home attractively among the active listings and begin to push for multiple offers in a non-threatening way.
The one thing this Sacramento Realtor does not do is discourage offers nor tell buyer’s agents offers will be “collected,” as that kind of strategy undermines the effort to obtain maximum value. It often eliminates buyers before they become a potential candidate. Offers can be managed in a more practical manner that do not disclose the seller’s intentions.
This wasn’t a huge sales price, either. But it was important to my sellers that we sell the Sacramento duplex for the highest price possible. Their eyes were pretty big when I told them $265,000 would be a good starting point. By the end, we had 10 offers, and it sold at $275,000, with financing. There were no repairs, no concessions, no credits, no home inspection hassles, either, no work completed.
So, yes, I guess sellers can have the best of both worlds. Highest price and a stress-free transaction. If you’re looking to sell a home in Sacramento, call Elizabeth Weintraub at 916.233.6759. I’d love to manage that sale for you.