MLS Trick to Buy a Home in Sacramento

By
Real Estate Agent with Lyon Real Estate BRE #00697006

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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Certified HAFA Specialistelizabeth weintraub

 

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Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.

The Short Sale Savior, by Elizabeth Weintraub, available with free shipping.

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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Rainer
40,193
Darin Henderson
Holland Realty Services - Kansas City North, MO

Good point.  Buyers sometimes overlook backups becasue they are not interested in sticking around for an opening.

Sep 19, 2012 06:40 AM #1
Ambassador
1,345,542
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Selling Daytona paradise for heavenly good prices

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

Sep 19, 2012 11:27 AM #2
Ambassador
1,973,852
Chris Ann Cleland
Long & Foster REALTORS®, Manassas, VA - Bristow, VA
Associate Broker, Northern VA

I have had several Short Sale listings go to the back up offer.  It's not a position to sneeze at.

Sep 19, 2012 12:39 PM #3
Rainmaker
1,012,648
James Dray
Wise Custom Realty - Bentonville, AR
AR., MO., or OK. I can find the home for you.

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

Sep 20, 2012 03:39 AM #4
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Rainmaker
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Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents

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