Today in Kern County the inventory is low and the prices are rising slightly due to lack of inventory, I want the public to know that in Kern the FHA loan limit has been raised to $294515 in 2018, that is what FHA will allow you to borrow to buy a home, of course that’s if you qualify. A home priced above that will require either the buyer to have the additional money or the seller to come down to the buyer’s lower offer. Of course most of the time the seller wants what the home is worth and won't come down. So to analyze this bit of information any home priced below $294,515 will get more attention than and a quicker sale than one priced over. I am only referring to anyone wanting to get an FHA loan. Of course you can use conventional financing and your down will be at least 10% and you can go as high as your income qualify your to buy. With good credit a Conventional loans are available for less than 10% down it depends on you Credit score. No Credit then ask me about a Hard Money loan. You will need about 30% down to get one of these loans.
If you are interested in Listing your home we are not offering reduced commissions to be competitive in our Bakersfield Market. We ae not taking listing at 3.5%, any questions please feel free to contact Ron at 661-717-4282 for help finding or selling your home.
Broker Sully & Associates Reality Inc