Now is not the time to straddle the fence if you are thinking about
buying a home or investment property in Fresno. Why? Because home prices are
starting to increase and home buyers are bidding on desirable homes in nice
neighborhoods. Listing agents are receiving 3 – 6 offers per property due to
the demand for nice homes. The longer you wait, the more expensive it will be
later. Also, interest rates are still low, but they too will begin to rise as
the market gets into full swing.
If you are waiting for home prices to bottom out, well you’re too late.
Home prices bottomed out over a year ago and are not expected to be as low for
anytime in the foreseeable future. If you don’t know the condition of your
credit, you better get on the ball and start taking a close look at what
corrections you need to make to increase your credit score so you can qualify
for a home loan. I used to originate loans for home buyers and I know what
needs to be done to increase credit scores. I do this for free as a courtesy
for my clients before they begin making offers. I just want to make sure there
are no surprises during the close of escrow.
We are definitely in a Seller’s Market as there are fewer and fewer homes
for sale and home prices are on the rise. If you are thinking about selling
your home, now is the BEST TIME to list it. Don’t waste your time trying to
sell it yourself. There are too many potential problems you may run into. Due
to recent changes in the law, sellers can be sued for any variety of problems
where disclosures were required, but buyers were not provided the correct
disclosure forms identifying issues involving the property they just purchased.
Doing it yourself is ok for small fix-ups but selling your home is for a
professional, a Realtor, who knows what he/she is doing. It’s not worth the
risk. Realtors are professionals at buying and selling homes. If you want more
information, visit my website:
www.ListingsFresno.com
