How are buyers, buying? Market Type…
Depends on the real estate market and the current activity on the listings that are for sale.
If we are on a Buyers Market in the Santa Clarita Valley cities, then we have a market where the listings are plentiful and the sellers are doing anything they can to sweeten their own particular deal.
Do some market research
However, the only way to know for sure is by researching the local real estate market in the Santa Clarita Valley Cities. Any of the “real estate concerned” can do this easily by asking the question of, “How is the market”, to our MacBoX at our Main Santa Clarita realtor website.
When you do, you will be given several choices. You will be able to check out each of the cities that exist within the Santa Clarita Valley. Castaic, Canyon Country, Newhall, Saugus, Stevenson Ranch and Valencia. Each of the cities will have their current inventory, days on the market, housing prices and give an indication as to what type of market we are experiencing during any given week.
The data updates every week, as stated, and will keep you more up to date than some local Santa Clarita realty professionals.
Back to the topic
How low should you go to buy real estate? It’s a great question. The offer that you present to buy a house can get you under contract, start a negotiating process or turn a seller away. While many areas of the nation are seeing an increase in real estate activity that has multiple offers coming in for any given property, others are still languishing.
If you are in an area where homes are rising in value, such as most of the Santa Clarita Valley cities(in a sellers market), and it is commonplace for multiple offers to be involved then you may want to start with a strong offer. If you are merely fishing for a bargain and are not attached to a home then offer a low amount.
There is no absolute right or wrong but a local Santa Clarita Valley REALTOR can be invaluable in helping you put together a solid contract if you have your heart set on a home.
Not in a hurry – best advice
Every real estate transaction is different, and while some sellers may respond to a low offer others may not. If you really want to buy a certain property your best bet is always to make a strong offer out of the chute. If you are willing to gamble then there is nothing wrong with a low ball offer. Speak with your REALTOR today to gauge what the fair market value is for home and get some advice on where to start based on how strong your interest is.