Weekly Market Watch: August 9-16, 2011

San Benito County Market Watch for August 9-16, 2011

Last week I asked my page viewers to return to see the properties that went pending over the week, and my prediction of the Just Listed home were true-SOLD!  With interest rates dropping to 4.378%, buyers can afford bigger homes at better prices in San Benito County.  Of the 17 new listings, 8 could qualify for the City of Hollister HOME Down Payment Assistant Program with 25% of the purchase price receiving a loan for 2% simple interest.  Find out more by contacting Kristen at 831-635-6719.

Hopefully agents have informed their buyers if they are in a pending status and waiting on a short sale approval from the lender, that USDA 100% financing will be eliminated from San Benito County. Unfortunately Hollister is no longer considered rural according to the US Census, so they may not be able to purchase.  Make sure you have an educated lender and real estate agent like Intero’s Kristen Jurevich to protect your buying power before it is too late.

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