Real Estate Bakersfield

Real estate Bakersfield is all about owning a residential or commercial/AG property in Bakersfield. Bakersfield is located in the Kern Country and the realtors their include brokers and specialists for all stages of real estate and land sales. Residential, residential income, lots and land, business opportunities, commercial and relocation services are the broad categories of properties that real estate Bakersfield companies deal with.

A word on Bakersfield :

The city of Bakersfield, an All-American City ranks 13th among all cities in California in terms of population and is located at the southern end of San Joaquin Valley. It has 56 K-6 schools, 17 junior high schools and 13 high schools. It has a rich and diversified culture and loads of recreation centers.

Bakersfield real estate has an industrial market base of 23 million square feet. It has a vacancy rate of less than 5 percent thus implying a vacancy of about 1.15 million sq ft. There are rare finished industrial lots, most of them being in the Gosford Business Park. The industrial lease rates for real estates in Bakersfield is:
50,000+ s.f. $.25-.35 s.f. NNN
0-10,000 s.f. .$65-.85 s.f./mo, Gross.

The real estate market in Bakersfield is highly competitive. There are direct home mortgage loan officers who assist the loan seeker and help them undergo a confidential loan pre-qualification process without any obligation on the borrower’s part. According to a survey, one can buy a home costing up to 3 times his/her gross income per annum. The price of a home one wishes to buy depends on a number of factors besides one’s income. The housing expense to income ratio as calculated by the lenders is depends on the PITI which in is a sum of repayment of principal and interest on the loan, property tax and hazard insurance. One gets the loan depending upon the outstanding debt.

A home or office in Bakersfield is a real asset despite the fact that vacant regions are sparse.