Underwater Mortgages Recede as Fresno County Home Values Rise
By Randy "Lazarus" McAtee, Owner/Broker, Lazarus Realty, Fresno California
(Lazarus Realty)
Read the recent article from the Fresno Bee HERE Simply put – inventory is TIGHT How tight you ask? Take a look at todays 24 HOUR MARKET WATCH We have 45 new listings and in the last 24 hours 64 homes have gone into contract. The market is highly in favor of Sellers… that is, the ones who are ABLE to sell. Still a lot of folks underwater. I recently helped an investor purchase 3 homes: Two traditional sales and one short sale. On both traditional sales there were MULTIPLE OFFERS and my Buyer had to pay over the ask to get the properties. Even so, he ended up with what we both believe to be great bargains. One of the homes he purchased for $139k I have leased for $1085.00 per month Another home he paid $167k and I have just got it leased for $1495.00 The most recently purchased of t...
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