Foreclosures are slowing down despite an uptick in February in the SCV

    Both Paris and I watch the notice of default filings on a daily basis within the Santa Clarita Valley. This is so we can talk to our clients about what may be happening in the future of our valley. One of the things I would tell you is if you want to see the NOD's for yourselves –

    We had not seen much activity with regard to Foreclosures and the activity associated with them until this February 2013. There were more notice of defaults filed than had been in a long time. We also observed a change in amounts of bank trades – REO inventory moving from bank to bank or changing hands in a “non auction” way. –

    Looking at the Santa Clarita real estate inventory today, we have seen as it is becoming harder to find the home a buyer wants to buy. While managing a team of buyers agents and working with buyers ourselves, Paris and I have found some “tricks” that make a difference when getting our buyers what they want – eventually.

    Trick number 1: look at the inventory at the moment it hits the MLS – multiple listing service.

    Trick number 2: make sure you are watching for the “off market” inventory within your networking groups. As it happens – there are a lot of properties that are listed one day – and not placed onto the market for at least a week. Those are the properties that I want our buyers agents to hunt for our clients

    Trick number 3: Include letters with offers being submitted that yank at the heart strings of the sellers – ask your agent's advice. Determine what the best strategy would be that is “seller specific”.

    There are many ways to be of assistance with the buyers and help them get what they want when it comes to real estate in the Santa Clarita Valley market.

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