Sunday came and went and today we are working. It’s Columbus Day. I’m not sure I remember this right, but I don’t think Columbus discovered America? Someone let me know 🙂
This past Sunday there were very few listings hitting the market – not the typical 12-20 we get on a daily basis within the Santa Clarita Valley Cities.
This is the recap for Tuesday, October 11, 2016. While we have been busy with real estate clients we get the ever pressing questions as to now is the time to buy or not.
The same question, from a seller’s point of view, comes at the very top of our Santa Clarita relocation and inquiries via email and SCVnest.com.
There is no perfect answer. We explain to our clients that whether they sell or buy now, will depend on them.
While we don’t see the “bubble” that we did back in 2006/2007, some are concerned that this real estate market, being 10-12% off peak prices, cannot continue at this rate. They are referencing the rising prices and lacking inventory.
I will tell you that the high home buyer drive in the Santa Clarita Valley coupled with the lousy real estate inventory is causing the home prices to climb and we have been this trend since the bottom of the real estate market. The bottom of the Santa Clarita real estate market was seen during the final quarter of 2011 and the first quarter of 2012. If you bought then, you are doing well today with regard to equity – potentially increasing your portfolio 25-35%.
Real Estate is still the best option, from an investment point of view. Plus, there are many bonuses related to owning a piece of the American Dream. A Biggie has to do with the mortgage interest tax deduction. While we always tell our clients to defer to a tax professional to see how much they will be able to “write off” related to mortgage interest, some clients have been able to write off 100% if not a large chunk.
Watch our Santa Clarita real estate news website to stay on top of the local housing markets within the cities of Agua Dulce, Acton, Castaic, Canyon Country, Newhall, Saugus, Valencia and Stevenson Ranch.
Here is a youtube video by Connor Macivor, yours truly, which i completed this AM about how to remove your home’s photo from Google maps. I also included the ways in which to remove previous listing photos. When a real estate agent obtains a listing, they take photos. They then take those photos and publish them online. When they do, the real estate syndication websites take those photos and use them for their own websites. While some consider this to be a violation, but to the lacking permissions of the Real Estate syndication websites, they do it anyway. I spoke about how to get those photos to come down. Heck, if someone is going to start the research about where you live and the current configuration of your home, there is no reason to make it easy on them.