Things to Watch Out for in an All-Cash Offer from Sacramento Investors

By
Real Estate Agent with RE/MAX Gold DRE #00697006

cash investors in sacramentoBefore you say to yourself, oh, there she goes again, picking on investors while she's sticking up for homeowners in Sacramento, let me preface this by saying it's not true. I do not pick on investors. While it is true that I support home ownership in Sacramento, and I prefer to see neighborhoods filled with neighbors who own their own homes over neighborhoods that were once owner-occupied turned into rentals, I do work with investors in Sacramento. I've helped many an investor buy a great investment.

Unfortunately, there are investors who don't always play by the rules, and those are the ones I want to talk about today. These types of investors are not the investors I represent, but other agents do. So if you receive an all-cash offer from an investor, you might want to exercise a little caution, that's all I am saying.

Read more in my personal blog today about The Problems With Cash Investors in Sacramento.

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Weintraub and Wallace Realtors

 

 

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

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 RE/MAX Gold. 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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Rainmaker
1,914,062
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

HI Elizabeth,  thanks for sharing your thoughts with us in Active Rain Land.

Mar 31, 2013 03:36 AM #1
Rainmaker
645,197
Bill Reddington
Re/max Southern Realty - Destin, FL
Destin Florida Real Estate

In this business there has always been people that don't play by the rules or ethics.

Mar 31, 2013 03:50 AM #2
Ambassador
3,084,384
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

The ones that get me are the cash offers that show proof of funds as a home equity line of credit.  If it's not cash in the bank, it's not cash.  

Mar 31, 2013 04:51 AM #3
Rainmaker
2,189,557
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Ronald: Do you know that your picture is a little squished?

Hi Bill: We seem to have a disappropriate large number in Sacramento, though.

Hi Chris Ann: At least with a HELOC, it's been approved and they just have to tap it, so that's not so bad. If we're talking about the same kind of HELOC. I have one on my home, anytime I want to write a check for, say, $100K, I could do so.

Mar 31, 2013 06:10 AM #4
Rainmaker
2,516,419
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

With the number of "For Rent" signs on lawns of Greater Sacramento homes, I'm beginning to wonder if we are going to become a country of Land Barons rather than Homeowners?  Some of those For Rent signs are lingering on those lawns too.  So, we may be arriving at a saturation point for rental properties.  I'd love to see some stats on that.

Mar 31, 2013 07:11 PM #5
Rainmaker
2,884,101
James Dray
Fathom Realty - Rogers, AR
Exceptional Agents, Outstanding Results

Morning Elizabeth I know if everyone lived by the golden rule we wouldn't have as many laws as we do now.  But anyway it is what it is no getting around it. 

Mar 31, 2013 08:34 PM #6
Rainmaker
3,302,107
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Elizabeth - not all investors are created in the same way -- knowing how to vett offers is important tool for listing agents to properly represent their sellers.   

Apr 01, 2013 05:50 PM #7
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