This week in Santa Clarita real estate, we have seen more inventory hit the market than we have in a long time. We have also seen that inventory enter escrow quickly, due to a very high buyer demand.
Here is a recap of our Weekly Housing Radio shows
This Past week we showed you the 74 real estate listings which hit the market for sale in the Santa Clarita Valley. We also gave intel on the Sold Santa Clarita listings which came across my table last week. The housing market looks good in the SCV – very strong. In fact, I’ll tell you that in the other markets we travel to – same same. Simi Valley – Van Nuys – Murrieta (yes, we go that far for our home sellers) – They are looking good!!!
Wednesday – that was our hump day Foreclosure and bank owned real estate broadcast. I covered the latest real estate foreclosure activity in the Santa Clarita Valley. However the “push” for this show had to do with response rates by banks when you want to write an offer on their bank owned foreclosure. What can you expect? How long should it realistically take to hear back? Should you hire your own realtor or use the Listing Agent who is representing the bank? View the Foreclosure Update Article
New real estate buyers or even you home buying veterans out there – all of you need to wrap your heads around are the most used real estate lending programs and what the “costs” are. Some lenders are really expensive. Some are cheap, but in the end you will find you get what you pay for, at least to a point! We covered Zero Downpayment lending programs, how to borrow money on a home and items that a lender will need to get you pre approved and what they will need to keep you approved! Truth in Lending real estate radio show
Seven days of Santa Clarita real estate activity
We watch the Santa Clarita real estate and housing markets daily. Our personal real estate coverage also expands into the other areas of California, where we happen to be present in this week/month.
This week in the Santa Clarita Valley, I have been monitoring the 87 real estate listings which hit the market for sale. Two of the listings are REO, real estate owned, meaning they are bank owned foreclosures. Two are short sales and one of those short sales indicates there was a NOD filed with the court – Notice of Default. Just so you know, a notice of default is typically filed after the owner of a property fails to live up to their payment obligation.
Is it too late to short sale real estate?
It’s never too late to short sale a property. If you are having issues keeping up with your house payments you need to know your options before jumping into anything too hastily.
At the first signs of struggle, you need to pick up the phone and call me so I can fill you in. Maybe a short sale is not what you should be considering. Knowing your options is really important. Point being, we are not mainly wanting to short sale your home.
We want to be your confidant with regard to real estate. Maybe you need to have a Loan Modification completed. Maybe your financial institution has other workout options. Get the facts and don’t sign the short sale listing agreement with anyone before you do!
More Santa Clarita inventory on the way…
For the first time, in a long time, we are starting to hear the surprised “yelps” of those whom we are giving what their home values are. They are good Yelp’s because they had no idea of the equity their real estate contained.
Some want to sell – but some don’t. I am good with giving up the comp workup for any property, whether or not you want to sell. It’s good business.
We should be picking up soon and adding to the Santa Clarita real estate for sale at over 100 units a week. This should start February and continue through July, as it does every year.
Call me and I’ll take great care of you. Reach out to me and I will help you with all that is real estate!