buying a fixer
Sacramento Home Buyers and the Light Fixer
What is too much work for a first-time home buyer in Sacramento? I always follow up on my listings by emailing buyer’s agents after a showing. I thank them for showing my listing because I am grateful for their efforts. Also, I realize it’s tough being a buyer’s agent today. Buyer’s agents have to write a lot of offers and face a lot of rejection. When I ask buyer’s agents to tell me what their buyers thought of the home, sometimes they say their buyers felt the home required too much work. It makes me wonder how a buyer who has never owned a home before knows how much work it needs. Or, is the work required merely an overblown perception?
It’s no secret that most home buyers want a turn-key home. They don’t want to do anything but move into it, like it is a rental. They also want a good price, sometimes an unreasonable price, which is why some buyers gravitate toward short sales and foreclosures. But the days of those below-market values are gone. Poof. Over. Short sales and foreclosures, like any other home in Sacramento, are selling at market value and, in many cases, way over market value.
That’s if you can buy a home. Some buyers can’t. There are not enough homes for sale for every aspiring home buyer in Sacramento today. So, if a home needs a little bit of work, why not find out how much work it needs? Maybe it’s not as expensive as you might think. For example, maybe it needs paint. High quality paint costs about $25 a can, cheap paint is $10 a can. You need 2 cans of paint to paint an average bedroom. Maybe it needs a $50 light fixture? That involves connecting the black wire to the black wire, and the white wire to the white wire, and the ground to the neutral. It’s not that difficult. But don’t take my word for it. And don’t touch electrical without turning off the power.
Why not buy yourself a home improvement book and learn how to maintain your home? Take care of the smaller projects yourself. If you’re in the market to buy your first home, believe me, something eventually will break or go wrong, and you’ll find great relief in knowing how to fix it.
I have written a series of articles about Buy, Fix and Sell, involving my own personal experiences of home buying.