real estate: Our Changing Santa Clarita Valley Real Estate Market
- 03/16/13 05:08 PM
Dear Family Friends, Clients & Fellow Realtors,
In this Months Newsletter the goal is to fully explain just how rapidly our local real estate market is changing and share information that may help you to decide that this is the time to either list your home for sale or buy your new home or investment property. It wasn’t that long ago that we, as Parents, feared that our children wouldn’t have an opportunity to live & own a home near us. Well prices are headed back to where to peak of the market pricing. This is the time a make a … (1 comments)
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real estate: How should I go about selling my home and buying another home?
- 03/06/13 08:46 AM
How should I go about selling my home and buying another home?
More and more home owners are hoping to sell their home and buy another home that is a move up purchase. They want either a bigger home or a better location. This is a very tricky move for home owners that are unable to buy a home without either the funds from the sale of their current home or removing the extra monthly payment. Sellers are receiving so many great offers from highly qualified buyers that they can pick and choose the best offer which also includes price and … (2 comments)
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real estate: Home Prices Dropped more dramatically than you think, see the chart!
- 03/04/13 12:44 PM
The real estate bubble created from 1997 to July 2006 was unprecedented. The current rise in prices looks to surpass this recent history. There are no simple answers. The only ways to slow down this price escalation is to either raise interest rates or stop FHA & VA Financing and require larger down payments. Congress has also suggested taking away the tax benefits. The cure is worse than the illness.
(Chart provided by Case Shiller)
Your Friend & Realtor,
Tony Lewis
RE/MAX of Valencia
www.TonyLewis.com tonyglewis@yahoo.com Cell – 661-510-7975
… (1 comments)
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real estate: Depressing Letter I had to write to a Veteran
- 03/03/13 02:04 AM
Dear Veteran,
Thank you for your service to our Country! Your hope to purchase your new home with a V. A. Loan is going to be futile at this time in most cases. You see, the best priced and located homes are receiving many offers. Most homes are selling at a price that is well above the current market value so the buyers with All Cash Offers or Conventional Loans are winning these bids. VA & FHA Loans are not even being considered in most sales because the buyers don't usually have extra funds to pay for the price in … (1 comments)
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real estate: I’m not a cow, stop milking me!
- 03/01/13 06:49 AM
I’m not a cow, stop milking me!
This post comes after being used and abused so please allow me to vent! Just imagine that you bought a home with me just 6 months ago. You needed your hand held, I found you a lender and even convinced you to move forward even though you were reluctant. You ended up with a home in a prime location and paid just $200,000 for the home. Now imagine that you call me to get a current market value and I let you know that it would appraise for $250,000. Let’s say you are now … (4 comments)
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real estate: What does MLS mean and why does it exist?
- 01/26/13 03:09 PM
MLS stands for Multiple Listing Service and what this means is the Brokers, Realtors and their companies list their homes in a platform that allows all agents to show homes from any agent or company that wishes to enter their listing in this MLS.
The MLS exists in order to bring the most qualified buyers in and allow the home to be shown by any Realtor that is licensed in this real estate board. The MLS is the best way to benefit both sellers because they can garner the top offer. It benefits buyers because a Realtor is allowed to … (7 comments)
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real estate: Our Changing Market!
- 08/12/12 05:28 AM
Dear Clients, Friend & Fellow Realtors,
Every major economic recovery in America has been led by the real estate market. It looks like we are in the midst of the big recovery right now! Take a look at these statistics in the local Santa Clarita Valley real estate market. (Valencia, Stevenson Ranch, Castaic, Saugus, Newhall & Canyon Country make up the Santa Clarita Valley)
· Homes with two bedrooms or more priced under $200,000 - 31
· Active Listings in Stevenson Ranch - 18
· Homes in Valencia priced under $500,000 - 42
· Active Listings in the entire Santa Clarita … (0 comments)
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real estate: Have you heard the news?
- 07/20/12 03:48 PM
Dear Clients, Friends & Fellow Realtors,
There are currently only 404 Active Listings in all 6 Areas of the Santa Clarita Valley. Of these homes only 37 are REO or Bank Owned Homes! There are now 137 Short Sale Active Listings in the Santa Clarita Valley.
We are currently in a really strange real estate market at the present time. Although it is a Buyer’s Market, Sellers are able to dictate the terms of the homes being sold.
Nationwide we are seeing multiple offers and all indication show that the bottom of the market is now in the rear view … (4 comments)
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real estate: Don’t cry for me American Real Estate Market!
- 05/09/12 06:13 PM
Don’t cry for me American Real Estate Market!
Good Times, Bad Times I’ve seen them all. You don’t owe me anything and I owe you and on you quite a bit! It seem like ownership was a marriage made in heaven and wind would always be behind my sails. But just like a marriage, rocky times are inevitable. It takes hard work, dedication, loyalty and an enormous amount of luck to save a marriage as well as a home.
Timing is everything in life and just like the wind behind our sails there are things that are out of our … (2 comments)
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real estate: Asking for closing costs is a big mistake!
- 10/23/10 04:39 PM
It is advertised and promoted that the seller will pay up to 3% of the purchase price towards the buyers cclosing costs. This practice should be avoided if at all possible. There are several reasons that this is a bad idea:
Most often buyers asking for closing costs are buying with FHA financing. Many sellers would rather not accept an FHA offer if given another choice. Asking for closing costs tells a seller that the buyer is barely able to purchase the home. A seller that needs to contribute to the buyer's closing costs is concerned that this buyer may have trouble going … (7 comments)
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real estate: Location, Location, Location! You need to know what this really means!
- 08/19/10 11:02 AM
The phrase is sometime totally misunderstood. The most important factor when buying a home is the location by far. However, the location is relative to the price range and community desired. The best location is most desired but the best location with homes in the price range is more practical. We can't all live in Beverly Hills or The Hamptons which would be highly desired locations.
The best location for the price is determined by several factors including:
Safety Quality of Schools Demand for the homes Commute Closeness to Freeway Also within the best community there are factors that make a … (2 comments)
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real estate: Double Dip in Home Sale seems inevitable!
- 08/11/10 05:59 PM
All the signs are pointing to major trouble in real estate which is detrimental to pulling out of the worst recession since the great depression. Failure in creating new jobs, the end of the federal tax credits for home buyers and a schizoid stock market have lead to extremely low levels of consumer confidence.
Meanwhile the inventories needed just a few short months ago are now starting to flood the real estate market. These listing are now making the inventories rise and causing homes to stay on the market too long. This excess inventory could lead to the much feared double … (8 comments)
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real estate: The Real Estate Market has Changed! - Tony Lewis * RE/MAX of Valencia
- 07/19/10 06:49 AM
Newsletter to Clients and Friends sent July 18, 2010
The pace of home sales has taken a breather. The tax credits, end of the recession and stock market recovery lead to homes being sold with multiple offers as the reached the market. The tax credit program ended April 31st, the stock market went south, the BP oil disaster all have lead to a major drop in consumer confidence.
This is a great time for those of you that were frustrated in your attempt to buy a home to give it another try. It is also a great time for those of … (0 comments)
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real estate: Buying a Home Just Got Better! - Tony Lewis * RE/MAX of Valencia
- 06/08/10 07:51 PM
June '10 Newsletter to my clients and friends!
Hello,
I'm a half full kind of guy! The end of the Federal Tax Credit along with the combination of the Stock Market Dip & European Crisis has opened the door for Buyers to continue to take advantage of extremely low home prices along with Historically Low Interest Rates. I have been updated that there should be a short term lull as the tax incentives run out. Expectations are that the home sales will continue to recover without need for any additional stimulation. Homes sales are expected to increase in the second half … (0 comments)
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real estate: Why not buy or sell a home without a Realtor?
- 05/27/10 07:01 PM
A buyer would be foolish to buy a home without representation of their Realtor. First off the buyer doesn't pay for the professional services that years of training provide. Should a buyer go out and find a home on their own the listing agent will then collect double commission so the buyer has a Realtor even though they didn't seek one!
A Buyer's Realtor will know the MLS listings and should have the local knowledge to the benefit of the buyer. There are many other benefits such as the Realtor may have contacts to find the perfect home for the buyer that … (3 comments)
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real estate: Valencia & Santa Clarita, Ca. is a great place to live & invest in your future!
- 10/09/09 11:46 AM
Looking for a safe haven & a way to recover your losses from the recent recession?
Anyone that has lost money in this recession through 401K or other investments, which is most of us, wants to find the safest way to get it back. Buying stock is one way and buying bonds is another. My suggestion is buying real estate. Home prices are down as much as 50% in much of the United States.
California is historically among the best places to invest in homes when home prices have dropped. Ultimately California, especially the Los Angeles area is where people will … (1 comments)
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real estate: Real Estate Market is Recovering - Tony Lewis * RE/MAX of Valencia, California
- 10/07/09 04:39 AM
Recently sent to my clients:
Dear Buyers, Sellers & Investors,
Signs of a solid and stable real estate market recovery continue. Following are the signs:
Nationally home sales rose last month by 6.4% This is the 7th straight month in which home sales have risen The current streak is the longest since 2001 Pending home sales rose in the Western States by 16% Home Prices rose by 1.6% last month nationally Home Prices in the Los Angeles are rose by 1.8% Mortgage Rates for a 30 year fixed loan dipped to 4.9% Mortgage Rates are now approaching a 40 year low … (2 comments)
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real estate: Thinking of Buying or Selling a Home? Tony Lewis * RE/MAX of Valencia
- 09/08/09 04:09 PM
This is the September Newsletter sent to my data base.
Dear Buyers & Sellers,
Buyers and Sellers are jumping back into the current real estate market! Sellers are now getting multiple offers as their homes are most in demand since Bank Owned Homes are receiving multiple offers and Short Sale Listings have discouraged many buyers. Let me know if you would like the current market value of your home, a suggested list price, expected sales price & time it should take to sell! Buyers are now being driven by fear! Fear is one of the strongest motivators of … (0 comments)
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real estate: Valencia & Santa Clarita, California Homes are Selling, Finally!
- 08/21/09 01:11 PM
Financial Institutions released information last Fall that was so devastating that in lead to the Stock Market crash. The Dow Jones Industrial Average fell for a peak of just over 14,000 Point to a low of around 6,500 Points.
This was all predicated on the Bubble Bursting in Real Estate. Loans that had been made on properties valued as much as 50% below purchase price were unsecured. Borrowers walked away for their homes leaving financial institutions holding the bag. The consumer had to bail them out. This plummeted the stock market which hurt every American. This hurt the rest of the … (0 comments)
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real estate: Riding the bottom is rough on all of us!
- 08/12/09 06:32 PM
The collapse of the real estate market began in October of 2005. The peak of the market in regards to the peak pricing didn't get reached until the middle of 2006. Currently any home bought before early 2003 is worth less than it was when it was purchased. Many people were expecting and welcoming the collapse of the real estate bubble not realizing that this industry feeds every other industry directly or indirectly in the United States of America. So indirectly our real estate crash is responsible for the economic turmoil throughout the world.
I have constantly state that buying a … (3 comments)
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Dear Family Friends, Clients & Fellow Realtors,
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