fixer homes sacramento
My new listing is a fixer home for sale in West Sacramento. I have not inspected this home since April of last year, so its condition is unknown, and we have tried to price it accordingly. The price should make up for any unexpected surprises. I’ve been told that when the previous occupants moved out, they broke a few things and squatters might have moved in. I even listed the occupant’s name as Squatters and the phone number as 9-1-1 in MLS, yet agents still email this Sacramento Realtor to ask if they can use conventional financing and ask when they can show it.
For those who have an eye for rehabs or want to remodel a Wilhaggin fixer home into a dream home, this is your opportunity calling. There are so many different types of buyers for this home, which are you? Do you want to flip a home? This home is listed at $399,000, and fixed up it could be worth in the neighborhood of $600,000, based on comparable sales of homes in this highly desirable community.
Do you want more square footage than its present size of 1,559, per the Sacramento County Assessor’s office? The lot is .25 acres, so it’s plenty big enough to expand. You could probably build a larger home or add-on to this home. Some of the homeowners in the area have added second floors, increasing square footage to over 3,000 square feet. There have been two sales on Cortlandt in 2012 and 2015 at more than a million dollars.
This Sacramento triplex fixer is finally on the market. The poor seller has been hounded by “well meaning” neighbors asking if they could buy the property, but the seller instead elected to list the triplex with a top Sacramento Realtor working at the top real estate brokerage in Sacramento. You know the name of Lyon Real Estate. You see our signs everywhere.
With nearby duplexes selling in the $220,000 range, imagine what you can do with a triplex for $200,000! It already has 3 meters from SMUD installed.
Almost every few days I get a call from a potential buyer hoping to find short sales and foreclosures in Sacramento. Bear in mind that probably fewer than 5% of the short sales and foreclosures in Sacramento are a terrific deal, and it’s the “terrific deal” that buyers want, not necessarily the short sales and foreclosures in Sacramento. That’s just where they think the “deal” lies. Further, our short sale inventory has dropped by about 90% since 2011. Short sales comprise pretty much a very small fragment of listings.
Who doesn’t love working with real estate investors buying in Sacramento? In what agents call our “thinventory” market, which is still limited despite an uptick of listings, real estate investors are buying homes that first-time homebuyers pass by. Sometimes this means working with agents from the Bay Area who represent Bay Area investors. For some, English is a second language, and things can get lost in translation, if you’re not overly careful, like I am.
Plus, it’s not unusual to run into misunderstandings over verbiage. Say a buyer agrees to purchase a home in its AS IS condition and then changes his mind, for whatever reason, and now wants a credit against the sales price. Or, maybe his agent did not remind him what AS IS means. Or, maybe he never intended to purchase the home AS IS to start with and simply wanted to beat out every other buyer — what we call deception and they claim is strategy. Or, maybe his definition of AS IS varies from our definition. Hard to say.