Santa Clarita Homeowners Take Note: Mortgage Applications Are On The Rise
After a three week decline, home mortgage loan applications have increased. Is it time to sell your home?
A report from the Mortgage Banker’s Association showed that after a three week drop, home loan applications have risen nearly 15% during the first week of March. This is good news for anyone who is thinking about selling their home.
More Home Buyers + Rising Home Prices=Seller’s Market
With real estate rising nearly everywhere, and in many cases rising in double digit percentages (The greater Los Angeles area increased over 10% overall in the past 12 months). we are definitely seeing a rebound in the housing market. This, combined with interest rates that are still at historically low levels, are spurring buyers to act on their instincts to make a home purchase.
One of the major drawbacks for home buyers, especially in the Santa Clarita Valley, isn’t that they do not qualify for a home mortgage loan. The fact is, there is very little property inventory for sale here in the SCV. Many Santa Clarita home sellers are reporting multiple offers on their property, and in some cases, are selling their home for more than asking price.
Thinking about selling, but don’t know what to buy?
I know what you’re thinking: “Yes, I can sell my home, but with the low inventory, what will I buy?”
We network with hundreds of real estate agents in the Santa Clarita Valley, as well as the San Fernando and Antelope Valleys. We belong to real estate networks who share information about listings BEFORE they hit the MLS (Multiple Listing Service). Our marketing plan also seeks out homes for sale that can fit exactly what you’re looking for. Our more than quarter century of professional experience as Real Estate Advocates will insure you get the price you want for your home, as well as find a new home that fulfills your wants and needs. Contact us to find out what your home is worth.
A Perfect Opportunity For The Distressed Homeowner
Despite a positive turn for the real estate market overall, we still encounter many homeowners who are upside down on their mortgage and/or are behind on their payments. If a loan modification isn’t an option, then the best way for a distressed homeowner to avoid foreclosure is to short sell their property. This market has created a perfect opportunity for anyone who may be in trouble financially or are facing foreclosure to get a fresh start. Remember, homeowners who short sell their property may be eligible to purchase again IN AS LITTLE AS 24 MONTHS. There’s no reason to give in to the bank. Contact us for a foreclosure prevention consultation.
Take Advantage Of The Market Before It Takes Advantage Of You
Whether you want to move in, move up, move down or move out, we can help. Don’t wait until it’s too late because the market may not wait for you. If you’re considering a move, talk to us to get ALL the straight facts about the up-to-the-minute real estate environment.