Ryan's Chico Real Estate Blog

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Chico’s Buyers Market? Ryan Vaught Real Estate

October 23, 2008

This is a loaded question with no definite answer but let me give you some tips.  Right now, many people believe that the market in Chico is in favor of buyers, being that the housing prices are down some from what they were a year or so ago.  With that being said, most buyers have to also sell their current house in order to buy their next home.  So in that case, you may not be able to sell your house for the ultimate "high" price but if you go to buy another house in Chico, or an a town with a similar market, then you will not be spending as much either.  This makes it a wash.  Some exceptions to this may include, if you are a first time home buyer right now market conditions are in your favor.  Or if you are moving from a different town that may have a different market than Chico you may have an advantage if you can sell your house elsewhere for a higher price and buy a comparable home in Chico for a lower price. 

Whatever the market conditions are, remember, they do change constantly so make sure that you obtain some solid advice from a real estate professional who is familiar with the Chico area, or any area that you are wishing to buy are purchase a home in.  A savvy Realtor will be able to help you determine a good asking price along with other important factors to consider.  Some factors may include; nearby commercial developments, which may create congestion and noise.  On the other hand they may also mean a greater demand for housing from people who will be working in the new office buildings. A new bus route that cuts commuting time could make your home more valuable and highways close by can be an issue with the price.

Bottom line is, the economic conditions have a strong impact on the real estate market. Real estate professionals can help you consider all of the issues in buying and or selling a house.

Take a look at my latest market report
http://www.ryanvaught.com/?cf=mls/report1

Currently Ryan has about 40+ listings in inventory, and will have sold over 23 homes so far in 2008. Please don't hesitate to contact me with any questions about Chico area real estate.

Interested in learning more about the Chico area or Ryan
Vaught Properties: Chico Income Property
Chico Condos: Chico Condo Sales
Ryan Vaught: Ryan's Residential website

Ryan Vaught, Realtor
Keller Williams Chico CA
Office Phone: (530) 343-2959

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Comment balloon 0 commentsRyan Vaught • October 23 2008 01:28PM

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