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    Is the Santa Clarita real estate market affordable for Relocating

    Real estate in Santa Clarita

    When Paris and I meet with our clients, for the first time, we talk about affordability with regard to Santa Clarita real estate. However, you may be surprised to learn that we are not talking about the real estate itself.  We are talking about afford versus qualify.  

    The amount a person may qualify for may be above their “personal and intimate” needs.  Case and point.  We have a couple that we have been working with for the past 6 months.  They are “qualified” for $400,000.00.  However, they only can “afford” $350,000.00.  Stu(the husband) Explains, “I know that we could Squeeze by if we bought a four hundred thousand dollar home..  But I don’t want to be mortgage poor…”

    Do yourself a favor – make sure your real estate agent is on the same page.  This is very important when you start viewing homes for sale. If they are taking you into residences that are above your “personal comfort price amount”, you are asking for “long term trouble”.  It’s super hard to forget what your “strapped” amount can buy.  Stay low – at your comfort zone or lower.  If your realtor makes that “price leap” on their own – dump them!

    It appears that affordability is driving real estate. In fact, in many areas affordability levels are driving prices and volume up adding to a recurring theme of optimism. Data released this week showed an increase in real estate sales volume, an increase that was above expected. Last week data announced that new construction of homes was up. In between positive headlines touting an increase in volume data were headlines about rates lowering, affordability levels being exceptional, and a bottom being in sight.

    Could it be that optimism is pervading and pessimistic doom and gloom attitudes are taking a back seat? It is a bit premature to get too carried away but recent news is indeed positive. CNN Money just published an article titled “Where Home Prices Are Rising Fastest” and the article points out some real estate markets that are showing signs of a rebound, where values are actually expected to rise in the coming year.

    Real Estate is taking a slow path recovery and will continue a slow path due to the fact that lenders are not chomping at the bit the way they were during the housing boom. The reality is, however, that demand is up and exceptional affordability levels have buyers finally entering the market, and this is a positive sign.

    IF you want to find out how much home prices are in the Santa Clarita Valley – click here for our Home Prices Pages for SCV!

    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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