Living In Santa Clarita

Tidbits on Santa Clarita

Archive for the tag “saugus real estate”

Buyers paying over asking price…way over asking!

With the lack of inventory out there buyers have little to choose from and thus are paying premium dollars for the house they want to buy. 99.9% of the time they are paying above asking price. They either are paying out-of-pocket for the difference with the appraisal or working something out in the offer with the sellers. Contingencies are being removed as well.

I have a listing that just sold for 25K over list price and I also just had an offer accepted with a buyer on a home and we just got the offer barely accepted with 25K over.

Below is an article that explains this a bit.

 This article is from the Daily Real Estate News…

Image

More Buyers Willing to Make Higher Offers

DAILY REAL ESTATE NEWS | FRIDAY, MAY 24, 2013

Home buyers are saying they’re willing to pay more for a residential property due to concerns over low inventory. In the second quarter of 2013, 41 percent of buyers said they’re willing to offer more, up from 34 percent in the first quarter, according to a survey of more than 1,300 home buyers in 22 major markets by the real estate brokerage Redfin. 

The number of buyers who say they’re concerned about rising home prices has more than doubled in the past year, according to the survey. Seventy-nine percent of home buyers say they believe prices will increase in the next 12 months—with 23 percent of that group saying by “a lot.” 

“Home buyers are accepting the reality of a seller’s market and expressing a willingness to pay more,” according to the brokerage’s survey. 

Advertisements

Hot real estate market areas in California

Here is a great piece of information that shows how the real estate home buying market has taken off and is red hot in most areas! Take a looksie

Hot market areas in California

See how other areas are doing!

Housing Recovery is for Real

According to this great article by FICO, the housing market is for real according to 71% of the lenders in the market today.

Besides in Real Estate they are seeing positive signs in: 

  • Car loans                               79 percent
  • Credit cards                           75 percent
  • Home equity lines                   81 percent

For more information about this and to read the entire article by FICO, 4/9/13

Click below

http://www.fico.com/en/Company/News/Pages/04-09-2013-housing-recovery-for-real-according-to-71-percent-of-lenders-fico-survey.aspx

The day in the life of a Realtor and identity theft

I am between my appointments right now and thought gee why don’t I write a quick post on what I am doing today.

I just left the Sheriff station filling out an Identity theft report. That was fun. Someone finally got to my information and tried to get a credit card. While there I asked the Sheriff “how many times a week do you get these?”. She said, “all day long!” Wow! All I can say is be careful where you leave your things and where you charge it and with whom you give it to!

I am about to show property in the Santa Clarita Valley to a new cleint named Leslie. We will be looking in the Saugus area today. Oddly enough the properties are still on the market after 2 days! Things are selling off the shelf in days right now. Sometimes before they are even 24 hours old!

After the appointment with Leslie I will head down into the San Fernando Valley to show property to Kay in Studio City, and Sherman Oaks. I am expecting those to have multiple offers on them and agents showing the home like bees on honey!

If both buyers like the homes then I will be writing offers as soon as I finish.

I should be getting back an answer on the offer for a home I showed and wrote on Easter Sunday between the Ham and the green beans!

Besides this I will find some time to call clients who I am working with and also check on the MLS for them.

The Feds trying to help people from foreclosure…what a concept!

Here is an article from CNN.com that mentions how federal officials are issuing a few new rules to help people from going into  foreclosure. In my opinion this is a bit on the late side as the real estate market has shifted and is now positive. Would have been nice oh say 3-4 years ago! Guess we can’t be fussy and have to take what we are given.

Click on the link below and read the article – courtesy of CNN.com

http://money.cnn.com/2013/01/17/real_estate/mortgage-rules/index.html?section=money_realestate&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29

Post Navigation

%d bloggers like this: