Weekly Real Estate Market Watch May 1-9, 2012

Homes for sale in Hollister, and they are not staying on the market vary long.  Multiple offers are becoming normal again depending on the property and the listing price.  Appraisals have been an issue in the past and bidding wars to get an offer accepted will most likely foresee another appraisal concern.  On some bank owned properties, the seller will ask the overbidding buyer to pay the difference in the appraised value and the purchase price.  Buyers need to be aware that they have to come up with the difference out of their own pocket.

For all the home buyers in progress, make sure you have a pre-approval letter dated within 30 days of writing an offer.  The mortgage industry is changing daily, and it is important to keep in touch with your lender regarding any financial changes.   An approval once does not mean it lasts forever!

If you are thinking about moving or selling your home this year, get in contact with local real estate agent Kristen Jurevich with Intero Real Estate Services at 831.635.6719.  Let’s discuss your real estate investment because it may take longer than what you think!

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