Living In Santa Clarita

Tidbits on Santa Clarita

Archive for the category “Renting in Santa Clarita”

Housing Market is on fire!

The housing market has been on fire for the last 9 months actually! We have seen houses sold in hours for asking or above asking price. Sometimes for 50K over with all contingencies removed. Why would you do that you ask? Because the prices are going up and you will get equity or appreciation in your new home in months not years right now.

Most areas around the Los Angeles area are going up at least 1-2 % per month.

If you hare interested in buying in an area, contact me today and I will send you the information on how that area is doing right now.

Housing Market is on fire!  – click on the article to the left here and read more…

Michael

Is renting possible after a foreclosure?

With the short sale or foreclosure of homes being so prominent everywhere one has to wonder where do those people go. Most will move into a rental and then save to buy another place again down the road when time permits or because of hardship end up in a rental for a very long time.

The question I get most often about rentals is, “will an owner want or let us rent due to our credit from the foreclosure?”

The quick answer is in our current economic times there are a lot of people in this exact situation and most landlords are quite aware of that.

I handle rentals in Santa Clarita and the first thing we ask a prospective tenant when they apply is,  “Are you coming from a foreclosure?” If so why? nobody is perfect. There are bankruptcies every day as well.

Some folks are coming from a foreclosure on a  much larger mortgage payment then what the new rent is and need to downsize. As long as you show you can afford the payment, have a job, and show you are trustworthy, most landlords/tenants will rent to you.

So all in all there are landlords or owners out there renting to people who have foreclosed. Are they all, no. It will take longer to find a place to rent but you should find a place. Sometimes paying for 3-6 months in advance is a good way to show your sincerity in being a good tenant.


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