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.