The Market Shift..

I recently attended a city planning meeting in Hanford and came to a realization. I talked with one of the members on panel, a previous Title Company owner, and he was telling me how Hanford is a couple of steps behind the bigger surrounding cities. Especially when it comes to real estate. If something is happening in Fresno or Visalia, and not Hanford, it will soon.

I began to think about it, and it was all making sense. When I sell a house in Fresno, I have to write up the offer different than I would for a house in Hanford. Fresno is a HOT market right now for Sellers. Buyers aren't allowed to ask for ANYTHING or even think about coming down in price. It's full list price, with no buyer's fees being paid by the seller. I warn my buyers that in order to get their dream house they can't ask for a lot of things. Its a competition!

When I sell a house in Hanford, I recommend asking for as little as possible, but you generally get the majority of fees paid. It did not dawn on me that Hanford would be the same way in just a matter of months! It all makes sense now! As the months go on, multiple offers on one house with the Seller's agent warning the buyers to put their best offer forward, we're slowly shifting. We are shifting into what is called a Seller's Market.

The good thing... You can't have a Seller's market without a lot of buyers. Interest rates are LOW right now and it's allowing for you to afford more house at less of a payment. So buyer's don't be scared by the shift, you still have plenty of reasons to buy. Sellers, take advantage of this offer, you have more control now!