Market Conditions in Modesto>Question Details

Nirmala.ratt…, Home Buyer in Modesto, CA

how is market condition in modesto?

Asked by Nirmala.rattan, Modesto, CA Tue Jun 26, 2012

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The Modesto market is on fire! Properties last sometimes just hours. Lenders are beginning to think about sub-prime loans again ( see my blog). Many home buyers are making offer after offer without any results. FHA buyers are almost finding it impossible to get a seller and their agent to consider their offer. Conventional and cash buyers are willing to pay in excess of the appraised value to win the day! Sellers are paying too much in commissions considering little or no effort is required to get their house sold! Here at McGrath&Aguirre we offer full MLS service for only 3%. We believe the property owner shouldn't have to over pay for marketing and services that aren't necessary in this market.

Time will tell if history repeats itself!
0 votes Thank Flag Link Fri May 10, 2013
inventory is low all over the USA. the banks are in control of the market. buyers have to educate themselves and make sure they do not over pay for a home that is not worth it. history does repeat itself...don't ever forget that.
0 votes Thank Flag Link Thu Apr 18, 2013
Inventory is down in Modesto, as with the Valley in general. However, there are still great opportunities out here! The key here is too have a motivated agent who will go that extra mile in this market. When you see something you like you need to act. Good Luck!
0 votes Thank Flag Link Mon Feb 25, 2013
Property in Modesto is scarce. Not uncommon to have multiple offers with some coming in with cash. You have to be ready, willing, and able to compete in today's market. With a Realtor that is willing to run the distance and put you out in front.
0 votes Thank Flag Link Sun Feb 10, 2013
Visit http://www.teamhawrysz.com and on the left hand menu bar, scroll down and click on Modesto Real Estate Activity.

I hope this helps,

Rocky

Rocky G.H. Hawrysz
http://www.TeamHawrysz.com
Prudential California Realty
(209) 444-6610 - Office
(209) 915-6209 - Mobile
0 votes Thank Flag Link Tue Jun 26, 2012
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