Elizabeth Weintraub • Sacramento Real Estate Agent

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Working With Home Buyers With Wide Price Ranges

When you start out looking for a home to buy, you might be focused on a wide price range instead of narrowing your selections, and that's perfectly OK. You might say you initially would like to buy a home under a million, but closer to half a million is preferable. Well, that's a HUGE price range (and variance in amenities), and you don't have time, I can assure you, to look at every home under a million in Sacramento. Which means you need to narrow your focus.

Just this morning I talked with a buyer in Sacramento who wants to be near the airport, but he is focusing on Elk Grove, which is not near the airport. He also can't afford much over $350K, so that narrows his focus to an incredibly small number of homes.

You can read more in my personal blog today at this link: Are You a Buyer Who Wants to See Homes Outside Your Price Range?

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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.

Comments

Elizabeth, we do hear from buyers that have a max limit, but a comfort price they want to attain, and that price is usually what I focus on.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) about 2 months ago

Joan Cox So often I hear buyers say they want to stay near a certain price range but it is unrealistic with limited inventory, and once they see what is available, often that comfort range jumps.

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) about 2 months ago

I do see that too, and will have a conversation upfront letting them know their comfort price point may not be realistic for what they are looking for.

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (House to Home, Inc. - Denver Real Estate - 720-231-6373) about 2 months ago

Joan Cox Back when I used to watch HGTV (no time for that anymore) buyers always picked the most expensive home. Almost every single time. They say they don't want to go over a certain price point and then they get lured by the siren call of a more expensive home.

Posted by Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents, Put 40 years of experience to work for you (Lyon Real Estate) about 2 months ago

I've had those clients, myself, Elizabeth... approved for well over $700,000 but wanting to spend closer to $500,000 if they find the right house because they think in Charlotte that they should buy for less. Of course, that also means they want to see homes at both ends of the pricing spectrum to "make sure." In some ways, it's easier to work with these kinds of clients than the ones who are so tight in their budget that it's almost impossible to find something for them. I consider it all just benig part of my "miracle working" skills.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (Coldwell Banker Residential Brokerage ) about 2 months ago

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