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Updated over 7 years ago on . Most recent reply

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Maria D'Aura
  • Real Estate Agent
  • Livermore, CA
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Any SFH near Sacramento or in 1.5 hour drive for $100k?

Maria D'Aura
  • Real Estate Agent
  • Livermore, CA
Posted

I have a relative living out of the country looking for property in California. They are looking for a SFH within 1.5 hour drive of a UC Campus and preferably closer to Sacramento. They have cash, but budget is $100k. Know of any cities/neighborhoods where I could target my search that might get close to their needs?

Thanks

Most Popular Reply

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David Hutson
  • Rental Property Investor
  • Bartlett, TN
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David Hutson
  • Rental Property Investor
  • Bartlett, TN
Replied

That house is a short sale in a not so desirable area.  There really isn't anything good in Sacramento that is very good under $150 and I'm guessing all of those are getting multiple offers, if they are worth anything.  On houses over $200k most of the sales I have seen recently are going for $10k over ask.

Besides being an active investor I have my RE license. I just checked MLS and there are only 35 SFR listed under $150k in the general Sac area. I also looked at the homes towards S. Sac and they are all condo's or half plexes listed incorrectly.

That's a pretty low number when you consider how many homes there are in town.

If you have cash to buy then I'd recommend getting a loan and buying a decent house.  If they are set in being within an hour and a half of Sac then look down towards Stockton or up towards Yuba City.  Not sure what is there or how good the neighborhood will be but the odds of finding a home there are better.

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