Investing in Real Estate :This Could Cost the Sacramento Home Buyer Lots of Money!

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Sacramento home buyers need to pay close attention to this Sacramento real estate tip because this real estate tip will help save you lots of money.

There are many Short Sale homes for sale and REO (bank owned) homes for sale. One of the differences in a Short Sale and an REO (bank owned) home for sale is that with a Short Sale, the homeowner MUST disclose all the facts about the home for sale.

But, with an REO (bank owned) home for sale there are NO DISCLOSURES.  The bank never lived at the home for sale nor did they ever talk to the homeowner before they took the house.  The bank has no idea about the home for sale so they are NOT required to disclose anything.

Now, you ask yourself as a Sacramento home buyer…so what, what do I need to know and what is so important that Gena Riede is carrying on so, about?

Well, I’m not trying to discourage you from buying an REO (bank owned) home for sale but I do think Sacramento home buyers need to go in with their eyes wide open BEFORE making a decision to buy an REO (bank owned) home for sale. And this is the reason why…

First of all homes are like cars…the more you drive them, live in them the better they function.

But most importantly, EVERY Sacramento home buyer needs to know if there have been water claims by the homeowner in the past 5 years and the 4 critical items to check BEFORE buying a house.

If there has been an insurance claim during the past 5 years against this home for sale, you as the Sacramento home buyer will be paying anywhere from 3 -5 times the insurance amount on this home for sale IF you can find an insurance company that will insure the home for sale.

Be sure to read more Sacramento real estate tips where I help Sacramento home buyers.

Many times Sacramento home buyers wait until the end of the escrow period BEFORE the Sacramento home buyer calls to get their new home insurance set-up.  This is AFTER you have paid for a home inspection and an appraisal, a little late to be finding out if you will be required to pay exponentially for home insurance!

As a Sacramento Realtor®, I take care of my Sacramento home buyers and find out this information up front so my Sacramento home buyers are not left holding the bag.

It’s easy to see when a Sacramento home buyer is working with an experienced Realtor® by the way they write the contract. 

Hope you are working with an experienced agent.

More Money Saving Sacramento Real Estate Tips:

Another Money Saving Real Estate Tip From Sacramento Realtor

Kitchen Tip Everyone Needs to Read

Are YOU a Sacramento Home Buyer Buying Your First Home?

Tip When Writing Offer on Bank Owned Homes for Sale

Sacramento Real Estate Shares Money Saving Tips

Why A Sacramento Home Buyers Offer Goes Nowhere

Sacramento Real Estate Has A Tip

© gena for Sacramento Real Estate and Luxury Homes, 2011. |
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