Wyatt Pearson Realty

Let’s talk listing price vs. sold price. They’re two very different components, as well known, everything in real estate is negotiable. Like, Price and improvements made before selling, everything.
An example, if a home is selling for $400,000 and the best offer is $350,000. Depending on how motivated the seller is, they’re forced to take $350,000( $50,000 under asking)!

How we can apply this to todays market in Merced/Atwater city.

In November
Median list price is $399,000.

However median sales price
Week 1: 324,950
Week 2: 330,000
Week 3: 366,950
Week 4: N/A

What this means, this means that homes are selling under asking! For those looking to move into a new home by the end of the year, this is your time! For all questions real estate. Feel free to reach out!
✉️[email protected]
🔑DRE # 02188805
📍Keller Williams Property Team Merced
🏡Buy / Sell / Invest

As a renter, each month you pay your rent to the landlord for the cost of living in their property. After 5 years all you have done is given the landlord money and have nothing to show for it. On the flipside, when you buy a home it becomes an investment and after that same 5-year period you will have equity built up from paying your mortgage. What is equity? It is the difference between what the home is currently worth and what you still owe on the home. Equity increases as you make monthly mortgage payment and/or if the property value goes up. That equity you build is especially great if you need to sell the home for some reason.

As a renter you won’t build equity in the property, but your landlord sure will.

For all other questions, feel free to reach out, and find out how you can get in a home!

With Thanksgiving around the corner, there's so much to be thankful for. If you want to add a new home to the list of things you're thankful for, reach out today to get started!

2-1 buy downs are an excellent way to save money buying a home, while selling your home, it opens more the door for more offers, without discounting price. If you have any questions feel free to reach out😄