Tag Archives: santa clarita real estate agents

Beware Home Value Data From Automated Real Estate Sites

Sites such as Zillow and Trulia may not be giving you all the information you need to accurately price your home for sale.

There are so many modern conveniences we take for granted these days. As Realtors, our lives have been made much easier with advancements in technology that allow What is your home's value?us to more easily serve our buyers and sellers. Mobile data, up-to-date MLS listings, even electronic listing and purchase agreements save everyone time.

When it comes to your home’s value however, should you trust those automated sites? Is the “Zestimate” truly taking into consideration all factors that allow for accurately determining the value of your home? read more

Interest Rates Take Another Plunge

Mortgage rates at a near 52 week low for the second time in 2014.

It wasn’t so long ago that mortgage interest rates were at their lowest point in like, ever! Looking back at the spring of 2013, we saw rates below 4 percent and holding.Santa Clarita Real Estate Update

Then something happened that would shake up the mortgage world, if only just a tad. The Federal Reserve announced that they “may” reduce their $85 billion monthly stimulus in backing Mortgage-Backed Securities (MBS). This caused a very short-lived panic as some investors began selling off their own securities, thus compelling rates to jump into the 4’s. read more

Real Estate Market Creating More Opportunities For Buyers

More inventory in Santa Clarita coupled with steady prices give buyers a Santa Clarita Home Buyersbetter shot at their dream home.

We can’t stress enough the positive aspects of home ownership. From adding to personal wealth, to tax benefits, to the satisfaction of knowing that the home you live in is yours, and not someone else’s, owning your own property is definitely a worthwhile venture.

While Santa Clarita home buyers had it a bit rough in 2013 due to a severe shortage of available houses for sale, we’re seeing a slight shift in the real estate market this year that is creating wonderful opportunities for buyers to find, and own, their dream home. read more

What is an APR, and Why Is It Different From An Interest Rate?

Understanding how your loan works can possibly save you money in the long run.

Good news! As of close of business on July 1st of this year, fixed-rate mortgage interest rested at 4.14%.interestrates

In other news, even with a perfect credit score, this will still not be the interest rate you’ll end up with for your home loan.

There are a lot of factors that go into determining how high (or low) mortgage interest rates will go. The buying and selling of Mortgage-Backed Securities make up a large part of the “cost of lending money.” The simple explanation behind Mortgage-Backed Securites (MBS) is that your loan may be sold by your lender, along with a group of other loans, to a securities broker who will bundle them and sell them on the open market to investors, who make their money either from trading, or by money brought in through payments and equity. read more

Short Sales Are Down, WAY Down, in Santa Clarita

Huge drop in short sales and foreclosures pave the way for continued real estate market recovery.

Statistics from the Southland Regional Association of Realtors show some significant changes in the marketplace. It seems like not so long ago that our market was Short sales are down 82% over March of 2013flooded with short sale and bank-owed properties in our inventory. However, recent reports show that short sales in Santa Clarita have dropped 82% since March of last year, with foreclosure/bank-owned properties dropping over 50%.

These figures are significant in demonstrating what appears to be a full recovery of a once fragile real estate market here in the SCV. Many homeowners who found themselves upside down on their mortgage during the Great Recession have since either refinanced (or performed a loan modification), short sold, or performed some other form of foreclosure avoidance such as a deed-in-lieu of escrow. In other cases, homeowners who have held on to their properties are once again seeing positive equity. read more

Santa Clarita Valley Home Prices Still On The Rise

Low interest rates for buyers and a solid gain in equity for sellers makes for a hot market.

Median single family home prices continued to nose upward  in the Santa Clarita Valley between January and February of 2014, according to data from the Southland Regional Home prices on the rise in Santa Clarita.Association of Realtors. The median price as of March 2014 (The last full month that statistics are available) is $462,000. This after seeing a slight dip in prices over the holiday season.

More good news for Santa Clarita home sellers!

260 homes closed escrow during the month of March. Of those, only 11 were foreclosures/bank-owned, and 19 were short sale properties. National figures show the number of “upside down” homeowners dropped over 25% since the first of the year. read more

Loan Modification Secrets

For some Homeowners in Danger of losing their home to Foreclosure, there has been a lot of Incomplete Information out there…. 

For example, many believe that a loan modification is a “cure-all” for distressed homeowners. While it is true that it can be a good option for some people, it isn’t always the best solution.

There are many more options available to homeowners. As a real estate professional with the Certified Distressed Property Expert (CDPE) designation, I have put together a list of 5 questions that anyone who is in danger of losing a home should ask before they make a decision.

If you are in need of “A Financial Life Line”…Take a look at the Resource Information on this site www.SCVResourceCenter.com and download a copy of my report entitled “Loan Modification Secrets.” read more

New Guidelines – Rescue help 4 Homeowner’s who are upside down on their mortgage…

Short Sales have been taking so long & many homeowners worried about how their credit would be affected.  They have been on the fence.  What is the right thing to do…Miss payments or Stay Current?

 

The federal Treasury Department’s short sale program, HAFA, has been updated again and these new changes mean more homeowners will be eligible for help.  Part of Making Home Affordable, the federal short sale program offers many benefits for borrowers who can no longer afford to keep their home.  The government is determined to help lenders, servicers and borrowers move through this process more quickly and clear out the delinquent loans asap. read more

Mortgage Rates Reach All New Historic Lows!

Home loan mortgage rates have hit a milestone as they drop to a new record low. On average, a 30 year fixed mortgage rate is currently offered at around 3.53%, with 15-year rates dropping below 3%. These rates are based on approved credit by your lender.

This means that there has never been a better time to buy a home. With rates like this, you May qualify either for a lower mortgage payment, or a higher loan amount, which allows you a greater selection of homes and price ranges to choose from. read more

Steps in the Home Buying Process: The Home Inspection

RPA-CA…What is THAT?

That stands for the California Residential Purchase Agreement and Joint Escrow Instructions that realtors use when helping home buyers write an offer to purchase a home.

So why am I bringing this up?

The RPA-CA is a comprehensive purchase agreement that protects both buyer and seller in the purchase and sale of a home. This agreement contains many contingency clauses that give the buyer and seller the opportunity to insure the home purchase is performed correctly and legally. read more