Paris911 Quoted by the Santa Clarita Signal about Real Estate

    New Santa Clarita Daily InventoryVery nicely done by Jana Adkins with The Signal who asked several questions about the Current Santa Clarita Real Estate Market – Here are her questions and my responses:

    Here is the article where she quoted myself and Robert with the SCV Agents.  – Great job Robert Too!

    ·         70 percent of Americans said homeownership is part of achieving their American Dream.

    We have seen similar numbers when we compare our clients.  Renting is fine, but a nuisance when having to contemplate a move close to the end of the “lease term”

     ·         80 percent said they plan to buy another home in the future which includes 69 percent of homeowners aged 55 years old or older.

    Real Estate is about moving up.  If a person wishes to increase wealth they use past purchased real estate as “leverage” with regard to stepping up with future Real Estate endeavors. 

     ·         Falling home prices and low interest rates aren’t enough to overcome the biggest obstacles to home-ownership for aspiring homeowners. Among renters who wish to buy a home at this time, more than half (51 percent) said saving enough for a down payment is a major barrier to home-ownership.

    FHA allows for a 3.5% down payment amount.  In today’s, “Buyers Market”, closing costs can usually be negotiated as something the Seller will pay for the Buyers. 

     ·         Meanwhile, mortgage qualification and having a poor credit history were a bigger concern among 35-54 year old’s.

    Qualification requirements are getting tighter by the week.  There are several financials that are checked more than once during the life of an escrow.  We always advise our clients not to purchase any “large ticket” items during the escrow time frame.  That includes Bedroom Sets on Credit. 

     ·         Reflecting the change in consumer spending habits, home-buyer preferences in today’s post-bubble economy have become more practical and less inspirational. Among Americans who said homeownership is part of their personal American Dream, only 6 percent said their ideal home size is more than 3,200 square feet — a 36.5 percent decrease from 9 percent in 2010.

    In the current economy the larger term when people are considering purchasing seems to be “down sizing”.  With over 55% of the homes that are currently on the market being “short sales”, we are finding that those that have experienced the short sale or foreclosure personally, just want to get into another home soon!   

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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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