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MoneyTalks - > Money Talks -> Risky market
Risky market

Over the past eight months or so, I've written about a lot of reports that weigh in on the state of Bakersfield's real estate market. Most of them have concluded Bakersfield's market is especially risky.

A few weeks ago my colleague, John Cox, suggested we try to figure out what these reports are used for (aside from giving reporters something to write about) and if they have any real life consequences for borrowers.

You can read the result here.

But long story short, a lot of hopeful homeowners have to jump through more hoops to qualify for a loan.

Anybody out there trying to buy? Got a personal story to share about getting qualified for a loan?

-Vanessa Gregory, staff writer

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posted by MoneyTalks on Friday, February 29, 2008 at 05:35 PM
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posted by lynchracing9 on Mar 6, 2008 at 06:32 AM

 Drop your price to 2002 level +5% and you will get some response, a realtor can`t afford to work with dreamers these days........

posted by NancyII on Mar 3, 2008 at 11:06 AM

Grandson and wife just moved into their brand new home and had no problem qualifying. 

Now I on the other hand, lazy unemployed layabout that I am, probably would have a serious problem.

LT..a hint.  Call Sandra Corbin Realty if you want an honest reliable realtor.  She's an independent broker and will work for you.  I don't know how much you're asking or where your house is but do a little research yourself by checking sold prices in your area.  It won't do you any good to check listing prices as they are..."still listed" for a reason.

posted by burnbabyburn on Mar 3, 2008 at 10:44 AM

I'll sum your problem up for you:

You're over-priced.

 

 

posted by LT on Mar 2, 2008 at 11:08 PM

Most of Bakersfield's real estate problems are the realtors.   In our attempts to sell our Bakersfield house over the last six months, we have encountered nothing--I repeat NOTHING--but paranoid, lazy, incompetent and downright useless agents;   five out of five agents we've tried to work with!  They don't keep promises.  They don't return phone calls.  They don't even make an attempt to do the job they're supposed to do.

The Bakerfield real estate image stinks.  The realtors sure do.

 

1

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