New Investor Question

[Eddie Sladek]

My house just went on the market today and my real estate agent got a call from an interested investor in my house. The reason I am selling it is to use the money in "better" markets. Should this make me rethink if an investor is trying to purchase my house? My house is located in Sacramento. Market might do 4%-5% this year in appreciation, but that's anyone's guess. Cash flow on property currently is slighting negative.  All investors have different parameters but having an investor buy it gives me pause.

Anybody have any thoughts in general (since I didn't give much details)? Do investors selling SFR usually sell to people who want a primary residence or to other investors? Maybe it shouldn't matter who I am selling to, as I am confident in the analysis i have done...

[Eddie Sladek]

@Jerry PadillaI am pretty familiar with the single home market in just in my little area of town. Haven't thought about MFR in Sacramento, will have to take a look at the market. Generally speaking though California prices may put me out of the price range. I am actually down in Long Beach so having anything in Sacramento is about the same as having anything out of state with the exception of knowing the SFR market well.

@Jared LichtinThanks for the advice. I have contacted a few different real estate agents to get a feel about my specific subdivision pricing. Interesting enough there were very few homes, almost none, for sale in my neighborhood between now and last October. I listed within the range of replies I got.

@Bryan S.Moving forward with a professional real estate agent, listing turned out really good. I am feel good about the price, but always want to make sure I am not leaving any money on the table.

@James WiseDefintiely agree in trying to find out the motivation of sellers.

@Joshua ChenIf I get a chance to ask I will.

Thanks for all the replies. It will be interesting to see if the investor makes an offer and at what price.