Will the Home Buyer Move Into the House or Rent It?

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

Apart from my thumb throbbing this morning -- I have iPhone thumb from pushing my home button too much, if you can  believe that; it is really sore -- the other nagging pain is the fact our purchase contracts tuck data on page 4 that should be on the front page. That data is whether the buyer will occupy the home as a resident or will be a non-owner occupant, which is most likely an investor.

Whether the buyer is an investor or a person who will move into the house can make a big difference to sellers in buyer's markets. I discussed this yesterday with a team member who wrote an offer in a situation that involved 3 successor trustees. Most likely these people are related to the deceased. As such, there could be emotions involved, and I suggested ways my team member could promote her offer to these sellers.

You can read more in my personal blog today at this link: The Advantages of Owner Occupant Buyers vs Investors.

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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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Topic:
Home Buying
Location:
California Sacramento County Sacramento
Groups:
Northern California Real Estate Professionals
CALIFORNIA REAL ESTATE
Lyon Realtors
ActiveRain Rockstars
Diary of a Realtor
Tags:
sacramento real estate
non owner occupied loans
how to give purchase offers an edge
appealing sellers emotions
owner occupant buyers vs investors
offer negotation tactics
occupy property principal residence

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Rainmaker
698,880
Andrea Bedard
Thompson Company, REALTORS® - Silver Spring, MD
M.A.; REALTOR® Silver Spring, MD and beyond

So true Elizabeth! I can't count the number of times a seller mentioned that they would prefer their home go to an owner-occupant. They get shorter closing time-frames, less contingencies and no loan issues with investors but for some sellers it is all about the memories! 

Oct 31, 2018 01:11 PM #1
Ambassador
1,792,594
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

You gotta love the way the sale worked out.  Congratulations. Pretty amazing and you are definitely right about the emotional aspects of buying - it can really make a difference. 

Oct 31, 2018 01:23 PM #2
Rainmaker
2,189,278
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Andrea Bedard I can recall my OWN feelings toward some of the buyers I have sold my previous residences to and did not feel they "deserved" to buy my house because they would not love it like I did. We are all human.

Nov 01, 2018 10:25 AM #3
Rainmaker
2,189,278
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

Debb Janes EcoBroker and Bernie Stea JD It was a lot of extra work to sell this little house but #1 the seller was a previous client and #2 we just do what it takes.

Nov 01, 2018 10:26 AM #4
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3,749,218
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Elizabeth- I learned quite a bit here since I'm not an agent. Selling and buying a home are emotional and even while it shouldn't matter to the seller who the buyer is, it does. 

Nov 01, 2018 11:43 AM #5
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Rainmaker
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