Tulare County Real Estate Market

Visalia SFR Appraisal - from the appraiser's view.

Moderator — Wed, 08 Aug 2007 22:49:50 GMT

Real Estate Appraiser in Visalia point of view after the appraisal was complete.

I inpsected a property in Visalia in August 2007.

The home was about 800 square feet of gross living area, 1 car attached garage and had 2 bedrooms and 1 bath. It was built in 1940's and was in average condition. It had several upgrades that included dual pane windows, new wall heater, new electrical wiring through out home and upgraded roof.

The home was on a 7500 sq ft lot and had an alley in the rear of the property. The flooring was the original hard wood floor. The kitchen needed updating which would include cabinets, dishwasher, sink and counter tops.

The owner was in the process of selling the house to an investor that was going to "try" and "touch up" the property and re-sell.

Final Value per appraisal: 180K, less than the asking price from the current owner.

Appraisers Opinion: "I feel the real estate market in Visalia in changing from declining to stable and this investor is reaching and will not be able to make a "big" profit on this property. It would be best to rent the property out for another year or two and try an sell when the real estate market in Visalia changes from stable to increasing."

It's a good time to buy in Visalia, CA

Moderator — Sun, 15 Jul 2007 22:30:00 GMT

Visalia Real Estate Forecast for 2007

It's a good time to buy in Visalia - with interest rates low, prices at their lowest point in a year and a very large selection of homes to choose from it is a very good time to consider buying property. As we enter the spring, you can expect a lot of the best deals to get snatched up more quickly than they did in the fall and winter and you will need to be prepared to act quickly

Still Strong Buyers in Local Real Estate Market

Moderator — Sat, 14 Jul 2007 10:35:00 GMT

Still Strong Buyers in Local Real Estate Market

The current real estate market in Visalia, Tulare and Exeter still reflects a very strong buyers market. The new home market continues to have a significant impact on the resale market as builders offer more and more incentives to get their homes sold. Private sellers need to ensure more than ever that they are pricing their homes to sell. This means looking at not only competing resale homes, but new subdivisions as well and then pricing their home accordingly.

Waiting to Buy?

Many people are waiting on the sidelines to buy, thinking if they wait, prices will continue to go down. While nobody can predict the future of housing prices, our advice to people who are waiting would be to make an offer at what you feel is a more realistic price. With the supply of listings so high, and with a good buyers agent on your side, you can get tremendous deals by negotiating the price down, rather than waiting. Remember, the list price of a home is not set in stone. Smart buyers are buying now at discount prices. And many buyers are able to negotiate in buyers closing costs as well.

Tulare County Real Estate Market Update 2007

Moderator — Sat, 14 Jul 2007 10:32:37 GMT

Tulare County Real Estate may Stabilze in 2007

Visalia, Tulare and Exeter have seen significant change in the real estate markets in 2006 and into the early parts of 2007. We saw all the signs of a softening market in 2006 and are beginning to see the first indications that the market may be stabilizing in 2007 in Tulare County and throughout the region.