We also covered some of the intel related to the Fact Buyers of real estate cancel escrow. We started our Once Upon a Time in Real Estate segment at 10:10 – see what we think of Buyers that cancel escrow and our philosophy.
I was also very happy with the Santa Clarita home inspector and the way in which he handled the buyer’s cancellation “mid stream” after about 20 minutes of inspection time. Check that segment at show mark at 12:28.
During the show today we talked about the Santa Clarita Foreclosure market, which is not much of a market.
We are returning the 1% healthy market levels that we had back prior to the last real estate cycle crash.
Out of the Santa Clarita Valley Cities – Total, including the City of Valencia, Stevenson Ranch, Castaic, Newhall, Canyon Country and Saugus – We have a total of 306 distressed homes that are in some kind of distressed process.
These include 108 pre foreclosures, that are on the market for sale.
Also, we have 67 real estate listings that are headed for the auction block.
Of the listings that are currently on the “radar” we see that 77 are bank owned presently and that could be something that a buyer can possibly procure.
The resource that I have been using to get the intel related to the current foreclosure market is under our Foreclosure Tab at our Main Santa Clarita real estate website.