There are many great Bakersfield area homes for sale. Click here to perform a full home search, or
if you're thinking of selling your home, click here for a FREE Home Price Evaluation
so you know what buyers will pay for your home in today's market. You may also
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for a FREE home buying or selling consultation to answer any of your real
estate questions.
Kern County is seeing a large influx of listings coming onto the market. Foreclosures also appear to be declining, but are not totally out of the equation. The good news is that there has also been a large increase in home construction.
What this means for buyers in the market:
Home inventory levels are higher than usual, so buyers are able to picky when choosing a house.
What this means for sellers in the market:
While you're gaining equity right now, your home could sit flat on the market if the pricing is incorrect. Because of a shortage in housing, sellers mistakenly thought that they could ask for any price, and desperate buyers would pay. However, this is not the case. Buyers have become much savvier with so many resources on the internet like Zillow or Remax.com, and they are making their own comparisons and prices. Buyers are now able to gauge prices based off of new construction, current listings, and what features they find valuable in a home.
Bottom Line:
Pricing is key to get the most money for your home in the current Bakersfield real estate market.
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