Today, Connor with HONOR, that’s me – is going to talk about some of the current Santa Clarita – Valencia real estate market conditions and the issues this market is creating.
Credit Unions and Referral Programs
Before we get to that, we have put up a real estate article that talks about “ultimate allegiance” in real estate and whether that should be to a “referral company” or to “the Referred real estate client”?
The Local Housing Market May 2016
We are approaching the middle of May 2016 and the market is still a HOT seller’s market in real estate.
We are hovering around 515 units for sale – all active status – in all of the Santa Clarita Valley Cities.
Santa Clarita Valley and Valencia are mirroring the other local Southern California markets in the activity rate – reduced days on market timeframes – and the increasing prices of homes and real estate for sale.
Most of the homes that are “priced right” have multiple offers and are negotiated out at higher than FMV(fair market value), listing price, figures.
The buyers are hopeful to have their real estate agent get them “preview” and “pre market” listings and homes for sale to view before those homes, condos and townhomes hit the “official real estate market”.
This works in very few cases. While we have the lion’s share of listings to show our real estate clients before those homes hit the market for sale, the sellers still want the “competition” aspect to be a part of their own home sale.
Why? simply – because it equates them to getting more money and better offers, in most cases!
Having been in the business of representing both buyers and sellers in real estate since 1998, we know this to be a fact in a market which is like our’s today.
A seller’s “heavy” market requires a better strategy. Maybe you should formulate a “buyer’s love letter”, to accompany your offer.
Photo centered with a narrative about you and yours. If you don’t have a “yours” then just you. Some background, where you are from, how you can envision yourself living in the home, etc…
The names of the specific seller can be obtained from your trained real estate professional. All they have to do is pull title.
A Buyer is important, pulling title is the least your agent can do for you to make your “Buyer’s love letter” more personal.
Sharp edges are everywhere, it takes an experienced Realtor to know where they are and if they are to be avoided or embraced.