February 2017 Market Report

A seller’s market is defined as an economic situation in which goods are scarce and sellers can keep prices high. So, if you are planning to sell a house, the market is great! If you are buying, it’s a jungle out there.

Here’s a conversation that real estate professionals have on a regular basis:


“How’s the market?”

“Great question, my friend! I hear it all the time. All I can say is that it depends.

“Way to skirt the subject. Seriously, you call yourself an expert? Come on…give me something real. What does it depend on?”

“It depends on whether you are buying or selling! Tell me a little more about your current needs?”


And the chat progresses from there into rhetoric about how it’s a crazy seller’s market. Homes are getting multiple offers the minute they hit the market and selling for over asking price! Buyers have little to nothing from which to choose and a settling for far less home and paying a whole lot more for it to boot.

Sounds awful, right? It depends. Are you buying or selling? 

A seller’s market is defined as an economic situation in which goods are scarce and sellers can keep prices high. So, if you are planning to sell a house, the market is great! If you are buying, it’s a jungle out there.

In my experience, buyers are literally stacking up and having a really tough go at finding homes that meet their needs at an affordable price. There is only one way to remedy this situation and that is to inundate the market with more homes for sale! This can be accomplished in two basic ways. Sell more existing homes and build more new homes.

If you or anyone you know has had even the slightest thought of selling, now is a fantastic time to invite me over to help you find out what your home may be worth. With inventory at historic lows across the state, homes are getting top dollar in next to no time on the market. I would be so happy to help you cash out of an investment property or even sell your starter home to trade up before prices get even higher!

If you are planning to buy, now more than ever you need the advice of a seasoned real estate professional to help you put forth your best offer. Now is not the time to lowball a seller. Most offers under asking price are being flat out rejected because sellers know that multiple more offers will not be far behind. Now is the time to show all your cards and make your strongest offers up front. Your agent can help you with that strategy and negotiate on your behalf to increase the chances you’ll come out a winner.

Take a look at my most recent market report and contact me right away of you have any questions about buying or would simply like an estimate of how much you can profit from the sale of your house.

hows-the-market

Cheers!

Erica

Author: ericamaranianrealtor

My name is Erica Maranian and I am a Realtor at FresYes Realty. As a kid growing up in the Central Valley, I dreamt of someday seeing the world. I came to realize that the world had been in my backyard the entire time. Fresno is a short drive from some of the most majestic landmarks in the entire nation. We feed the world with our fertile land. Our culture is diverse. Our city is historic. Our people are friendly. I’m in the business of helping people. My prior experience as a banker, manager, underwriter, and analyst allowed me to develop expertise in being a good listener, uncovering needs and priorities, and seeing what is possible given the available financial resources. As a Realtor, I want to help you in your journey of buying or selling a home in the Central Valley. I attended California State University, Fresno (Go ‘Dogs!) and earned a Bachelor of Business Administration degree. I went on to earn an M.B.A. graduate degree, with honors, from Colorado State University’s prestigious graduate school of business…right from the comfort of my Fresno home. My passions include photography, contemporary literature, music, exploring the outdoors, and living a healthy lifestyle. I currently live in Clovis with my husband, Chris, and our two sons, Nickolas and Alexander. As a family, we live, play, and work right here in the Central Valley. My family and my heart are strongly rooted Fresno County. I would love to help you find a corner of this awesome place to call your own.