Santa Clarita foreclosures and short sales new listings

    Santa Clarita Forclosures June 3, 2016

    Foreclosures and bank owned real estate are all the buzz, continually. It does not matter the state of the real estate market, distressed real estate listings always get a ton of attention and traffic.

    A Normal level of foreclosures and distressed real estate inventory is 1% of the available real estate listing being distressed in nature. This is a “healthy market” statistic. In fact, we are getting to those levels currently in the Greater Los Angeles Areas.

    The majority of foreclosure real estate listings are bank owned. Citi Group, Bank of America, US Bank, Union Bank, Chase and the others you know so well.

    They hire real estate agents to sell their foreclosures, bank owned, real estate listings.

    Those agents are working on the side of the bank. You will then be hiring your very own realtor to represent you and to be on your side during the transaction with the bank owned property.

    A few things you should know

    Not all Foreclosures are bank owned – some are corporate owned, hedge fund owned, private party owned, etc.

    Most of the online foreclosures are not for sale – there have been great big and tricky websites that Real Estate 101 Santa Claritadisplay “foreclosures” and “bank owned” real estate for sale. Some of those listings are not available and not current. They are using “tricks” to get you to give up who you are and to sell your personal and private information to real estate agents willing to pay for it.

    The first offer in does not win – the banks don’t care who is first in. They have to represent their shareholders so they are going to pitt every offer received against┬áthe other.

    It’s not always the highest offer that wins – the banks learned, around the bottom of the last real estate cycle, some buyers were writing offers at “way over” listing price to have the appraisal bring them down and to have the bank adjust. They were writing those “larger than life” offers to secure the property. After they got it, the appraisal would take place, the appraisal comes in at Fair Market Value, lower than they offered and the “foreclosure owner” would adjust.

    If you are preparing to buy a Santa Clarita Valley home, we need to meet. We need to sit down and plan out your best way of doing so.

    Paris coined this “event” as our “crash course on real estate“. We aren’t teaching you to be a real estate agent or agents, we are preparing you for one of the most important and stressful events in your life.

    We cover the A – Z with our real estate clients and help them make educated and decisions based on the BEST real estate knowledge.

    Having represented literally thousands of real estate buyers and sellers, we have your six when it comes to protection and security during the procurement and sale of real estate and homes.

    I’m Connor and I’ll be here for you.

    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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