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    Agents, would you please price your Short Sales at Fair market value

    With the Santa Clarita short sales stacking up, we are caught in a bit of a quandary.  The “Standard Sellers” in The Santa Clarita Valley are at a loss.  If the agents only priced their sellers short sale listings at fair market value, the Standard Listings might have a chance.

    Unfortunately, some are looking at short sales as a reason to deviate from the Fair market value pricing.  This is due to the disclaimer that is included with each and every short sale listing, “The price, commission, all terms and conditions are subject to Lender approval.”

    If a Real Estate agent had a listing in Valencia CA with a Fair Market Value of $500,000.00, and if it was a short sale, with the above disclaimer, the agent could place it onto the Santa Clarita for sale market at $300,000.00.  The Sales Price is still hinging on Bank Approval.

    The “Run-On” aside, this causes the Standard Santa Clarita Seller quite a bit of damage.  Why would a buyer want to pay more than $300,000.00 for a similar “Standard Sale” listing in the same neighborhood?

    However, everything is connected together.  The economy, the debt, the unemployment and real estate.  It impacts the entire society as a whole.

    Here is our latest Santa Clarita real estate blog update for March 2012.

     

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. SCVnest.com/blog is where you will find over 10,000 real estate articles. Go to SCVnest.com/radio to listen to their latest real estate radio broadcast.

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