Santa Clarita REMAX Realtor Update 2016139

    REmax of Santa Clarita ValleyThe Santa Clarita real estate market, it’s ever evolving. We have heard of some real estate buyers, in the present market, getting frustrated because of the Highest and Best scenario.

    Let me talk about what that means within the Santa Clarita Valley Communities where real estate is concerned.

    Highest and Best

    This is a test or counter offering process that was prevalent in the past Foreclosure and Short Sale market within the Santa Clarita Valley.

    It was a way for the banks to get a higher than listed price, plus to have the buyers step up with their best possible financing options.

    The same applies to the real estate sellers in the housing market. With multiple offers, they are able to use this scenario to their advantage.

    When it comes to buying Santa Clarita real estate – this option is understood as being the Top Offer, with the best financing a buyer can acquire.

    First Test – Highest Offer

    This is the first part of the test. Highest Offer. Making your offer the highest in the “net” proceeds of the real estate seller.

    If you offered, for example, $500,000 for their home, and if the comps support that and higher, consider this.

    For every $10,000 you finance, it only changes your monthly payment approximately $50.00 a month. That is $50.00 a month for every $10,000 you finance.

    An extra $10,000, in a competitive market, may mean the difference between you being able to be in second place versus being in first place with the opening of escrow on the home you want to buy.

    Second test – Best Offer

    The Best Offer has to do with the type of financing you are using.

    if you are conventional or even a cash buyer, you will trump most of the other offers in today’s Santa Clarita real estate market.

    Considering the financing you are using, make sure your “approval” letter is totally solid. You may push for a full approval letter that is from the Underwriter. This is known as a Underwriter’s approval. It’s the strongest in the industry. 

    Even if you are using VA or FHA – when it’s accompanied by a Full Underwriter’s approval letter, you are very strong on paper.

    Also to include your FICO Scores and credit report is a must when wanting to meet the Second Test of Best Offer when wanting to compose the offer.

    Proof of Funds with BEST Offer

    If you are going VA, FHA, Conventional or even Cash – you will want the “proof of funds” to be included with your offer.

    These “screen shots” or “statements” will need to contain your name, mailing address, and other pertinent information. Your account numbers, because they are private, can and should be made illegible to the reader.

    Love Letter with BEST Offer

    Most offers in today’s real estate climate should include a Love Letter from the buyer.

    The Love Letter and what it means has been talked about at length with our blog post.

    Photos are worth a thousand words, as they say. Including your personal photograph, or that of anyone else who is going to be living in the prospective home, would be a benefit for you in today’s real estate market.

    Don’t take real estate for granted

    Having a guide who can give you all these tips is critical when wanting to buy homes and real estate in the present market.

    I’m here for you when you are ready for real estate. Let me know and I’ll be here for you when you are ready to go forward with Santa Clarita real estate.

    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. is where you will find over 10,000 real estate articles. Go to to listen to their latest real estate radio broadcast.
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