buy home sacramentoThere are reasons why an investor is not always the best person to go into escrow with, apart from the fact they tend to financially ace out an owner occupant -- a person who wants to buy a home in Sacramento to live in. When an agent comes to this Sacramento REALTOR® with an offer from an investor, swearing up and down how easy their investor is to work with, that shoots up red flags to me. Why any agent would listen to that kind of dribble is beyond me. I certainly don't mean to.

In fact, I am often wary when an investor makes an offer over list price for cash. It can mean that the investor is intending to try to re-negotiate the price after all of the other buyers have gone away. Agents who think that might happen often stick a pending status modifier into MLS that says: "bring backups." So, a Sacramento home buyer who can't seem to find a home to buy could start looking at the MLS pending status to see if there are any listings that advertise the seller would entertain a backup offer.

Read more about How to Buy a Pending Home in Sacramento.

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Elizabeth Weintraub is an author, home buying columnist for About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.

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Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. 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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4 Comments on MLS Trick to Buy a Home in Sacramento

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Good point.  Buyers sometimes overlook backups becasue they are not interested in sticking around for an opening.
6:40am • #1
1,214,514 Points 119 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

We used to require higher EMD and a waiver of the right to deposit for any other reason except failure of the Seller or expiration fo the contract
11:27am • #2
1,542,874 Points 116 Featured Posts Localism Sponsor Outside Blog Called Shot Master

I have had several Short Sale listings go to the back up offer.  It's not a position to sneeze at.
12:39pm • #3
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685,452 Points 8 Featured Posts Outside Blog Hit Router Called Shot Master

Morning Elizabeth what is wrong girl don't tell me you have had some bad experiences with investors.  Come on now give a little.  I have two that I work with and only two.  They have proven to me they are real have a great day
3:39am • #4

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Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, East Sac, Lyon RE (Top 1% at Lyon Real Estate #00697006) Rainmaker_large

Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, East Sac, Lyon RE

Sacramento, CA

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Top 1% at Lyon Real Estate #00697006

Address: 2801 J Street, Sacramento, CA, 95816

Office Phone: (916) 233-6759

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Broker-Associate at Lyon Real Estate, midtown Sacramento. Selling since 1974. Home Buying Guide at About.com. Sacramento short sale agent.
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Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying guide for About.com, a Land Park resident, and a Land Park agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully closes short sales throughout Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you.

 


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