Yucaipa Real Estate and the Stalemate Between Buyers and Sellers
Have you been paying attention to the local real estate market in Yucaipa, California? If not, let me be the first to tell you there is a stand-off war being waged between buyers and sellers.
Yes the real estate market in Yucaipa has heated up over the past year or so, and yes prices have jumped considerably since the bottom of the market crash, but Yucaipa real estate, like real estate in most of the state of California, has witnessed an uneasiness of buyers lately.
Why, you ask?
It all comes down to attitudes of value, and the state of the lending market. Buyers are increasingly getting cold feet every time they hear prices are up. They are afraid of another bloated real estate market and crash, while they get stuck holding the empty equity bag.
Another reason is lending. The mortgage lending standards are still tight. Many buyers find that qualifying for a mortgage is still difficult. Many lenders are sticking to their tough underwriting standards and requiring tons of documentation form borrowers. The process is difficult, and many are choosing to just wait it out.
So where does that leave Yucaipa sellers? Many Yucaipa home sellers are finding the numbers of the sale to be more important than ever. Pricing and where to start a list price are extremely important. Other factors that can have an effect are relocation contingencies, any items included or excluded with the sale, and other attractive incentives they can offer a buyer.
If you're in the market to buy or sell your Yucaipa home, make sure you use a experienced and effective Yucaipa REALTOR® to help you realize the potentials and avoid the pitfalls. We are Garrigus Real Estate, and we can provide you with the professional representation you deserve. Call or contact us today to talk about your specific goals and real estate needs:
Call (888) 9-List-It
That's (888) 954-7848