Sacramento Investment Property

Sacramento Investment Property

Sacramento investment property is again attracting real estate investors looking to take advantage of upward movement in home prices.  In fact, add to the usual group of local and Bay Area investors, large institutional investors who have moved in with very big pockets, very full of cash.

Increasingly, local home buyers, both investors and owner occupants, are finding it tough to compete with very well capitalized national investors. However, if you think owning a home in the Sacramento area is right for you, this is not the time to throw in the towel. Whether you want to get a home for your family to move into, or looking to buy a Sacramento investment property, consider the current circumstances an opportunity - albeit a challenging one. 

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Have a Hyperlocal Strategy

With the right plan, and with the help of the right real estate professional, you can beat the big guys. They have lots of money, and they have lots of people looking for properties, but the truth is they aren’t particularly good at buying properties. Throw enough money around, and yes, they will get properties. But they just don’t do it well, and there are plenty of agents and asset managers to confirm that. The big guys take the shotgun approach; they look everywhere hoping to find deals.

Don’t play that game. Work with your agent on a plan designed to get you the property you want. If it’s a specific neighborhood you want, or a specific property type – like a condo, or a duplex, or a single-story home – put together a strategy aimed at getting you just what you want. Real estate is still a hyperlocal activity. The big guys don’t have time to understand hyperlocal market factors, so use that to your advantage.

Put Together a Bullet Proof Financial Package

After you and your agent put a plan together, take the time to get your financial package in order. You may not be buying all cash, but your well thought out offer can be plenty competitive if you include a strong pre-approval letter from a reputable and dependable lending source, along with account statements verifying the availability of the funds needed to close escrow.

The Sacramento investment property market is full of opportunity, and you should not be scared off by large institutional buyers.  Work the market smart, and you can beat them.  Just have a great agent and a great plan.