Not that Cheap

Posted by Ken Grech, a top Simi Valley real estate agent. Search Simi Valley real estate listings.  In the Los Angeles Times dated May 3, 2009 in the Business Section, there is an article written by Chip Jacobs ( to read more of this informative article please go to  (www.latimes/business.com  )  Our market has changed so much within recent months and we as Realtors need to educate our buyers with submitting offers on low priced homes. Yes, some homes are priced low, however, we need to inform our Buyers, that due to the fantastic pricing you more than likely will not be able to purchase that home for the listed price. You will more than likely be in multiple offers. Long gone (especially here in Simi Valley) are the days of being able to offer below list price on a low priced home. I have been working with my clients and informing them of the  bidding-wars/multiple offers, if they like the home,  or have been on the fence and not quite sure whether or not to submit an offer, now is definitely a great time to buy. Due to historically low interest rates, incredible federal and state tax credits (where applicable) there is no reason not to buy. Currently (here in Simi Valley) , low inventory for single family residences under $350,000, we must submit our clients best offer (which is typically at their maximum amount or even above their maximum approved amount depending if the buyer is able to do so), but I must and do prepare my clients that they will  be up against other buyers who are investors with cash, or other buyers who are offering more of a  down payment with better credit, and not to be a wet blanket, but there is a chance that they may lose out on the home that they are bidding on. This is reality of the market that we are in now (in Ventura County). Our inventory when it hits the market is really turning over very quickly. It's imperative to keep communications open with our Buyers and to be sure that they understand the reality of the situation.  Prices have come down, but not as much as you think and you will definitely need to put your best foot forward if you want to purchase home that is priced low.  To find out more about our local current market conditions, please feel free to contact me or go to my website: www.simiishome.com