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Cynthia Chakurian-Lum
Cynthia Chakurian-Lum Realtor

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Real Estate Market Report 2018

The value of real estate and the ability to get homes sold quickly are affected by supply and demand. When there is a small supply of homes relative to the demand by buyers, sellers may be able to ask more for their properties. When there is a large supply of homes relative to the number of people in­terested in buying, sellers can do a number of things to ensure they get the best price for their homes.

Sellers should:

  •  Be knowledgeable about the condition and price of similar homes that are available for sale.
  •  When determining an asking price, consider more closely the homes available for sale now rather than homes that sold in the past.
  • Consider paying loan discount points to lower a loan’s interest rate, making the loan payment more affordable.
  • Make minor repairs prior to allowing buyers to see the home.
  • If major repairs can not be made prior to putting the home on the market, notify buyers that repairs will be made in escrow or that a credit for repairs is being offered.
  • Make certain the home is clean and uncluttered.
  • Make certain their real estate broker uses numerous methods of advertising to attract poten­tial buyers.
  • Consider offering to pay buyer’s closing costs, making it possible for buyers with little cash to purchase the home.
  • Offer to pay for a home warranty for the buyer.

Supply and Demand

  • In the last few weeks the market has achieved a relative status point in terms of sales inventory. Although inventory is LOW to keep us in a seller's market. If the market heats up, prices are likely to resume to climb upwards.

Demand measured by the market action index is increasing and days-on-market is trending downward. Even though more properties are coming on to the market.

Cynthia Chakurian is your best resource for helping you sell your home for top dollar in the shortest amount of time.

Cynthia Chakurian-Lum Realtor | 559-287-8973 | Contact Me
CALBRE# 01329008
3 River Park Plc East - Fresno, CA 93720
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