We have currently have 320 real estate listings in the Santa Clarita Valley Cities that are in back up position. The backup position is where you should be able to, as a real estate buyer, view the listings in person and write ‘backup’ offers on them.
Unfortunately, this “status” is often used as a “hook” by real estate agents who know that this particular status shows us as being an “Active and Available” real estate listing on the Real Estate syndication Websites.
We have been answering a lot of phone calls this week. Callers, prospective home buyers are asking if now is a good time to buy a home or real estate.
Seriously – I cannot see any “quelling” of the local real estate market. We are still 15 – 10% from the peak prices we experienced in late 2006 and early 2007.
The interest rates for a mortgage loan are incredibly low, 3.5-4.0% and there are many different loan options for real estate buyers to take advantage of.
You have FHA where the price of admission to buy a home is only a mere 3.5% down payment amount. When we bought our first home back in 1996, the one we were taken advantage on, we had to put 20% down. There was no other option than for buyers of real estate to have 20% down when wanting to buy a home.
We are not lenders here with my goSCV Team. We are full time Realtors and I’m Connor MacIvor. We always want our clients to know we are here, poised, ready, willing and able. When you are ready – please let me know and I will help you anyway possible.
We have our Santa Clarita market reports available now!