Navigating though this Seller's Market

By
Real Estate Agent with Summit Real Estate Group BRE# 01215778

​​Friends, Family & Clients,

We haven't seen home prices rise at these unrealistic levels since back in 2004 - 2006 when home prices went up 22% 28% & 18%.  Home prices in Valencia, Stevenson Ranch, Saugus and throughout the Santa Clarita Valley have risen between 20% to as much as 33% in just the past twelve months.  Congress is attempting to approve a stimulus package as high as 3.5 Trillion Dollars.  This is a two headed monster for homeowners and those hoping to buy a home in the future.  This influx of cash to the economy could lead to inflation levels not seen since when Jimmy Carter was President.

This is a great time for homeowners to speak with their CPA or Tax Consultant to see if they qualify for the $250,000 for a individual person or $500,000 for a couple for the capital gains exemption of their taxes for the sale of their home.  Qualified homeowners could put money in the bank and utilize these funds to secure their future.  They could also purchase another home and if tax laws remain the same, start the process over again and take advantage of these saving in two years or more.

These are scary times for first time home buyers with home prices being at all time highs.  Keep in mind that when you purchase a home your investment is only the down payment.  With a purchase of 3.5% 5% 10% or 20% down you are able to take any future gain on 100% of the purchase price.  Also consider that the money paid for the monthly payment is in lieu of the rent you would be paying anyway.  The difference is you gain the advantage of tax benefits that come with homeownership and the possibility of gaining equity over time.

Dani & I are thankful for seeing the light at the end of this Pandemic Tunnel.  We appreciate all of the sacrifices our fellow citizens have made in order to keep us all as safe and healthy as possible through this eighteen month ordeal.  We pray for those that have been lost and the family and friends that have endured the pain.

Happy Thanksgiving to you and your family

Check out all of the Thanksgiving Events and Things to do in 2021

Are you looking for an advisor or a Realtor to assist with the sale or purchase of your house?  Dani & I are committed to your success and are here for any and all of your real estate needs.  Please give us a call.  We enjoy helping people.

Respectfully,  your Friends & Realtor,
Tony & Dani Lewis Summit Real Estate Group
Offices in Valencia & Aliso Viejo California
www.TonyLewis.com SCVTony@gmail.com
Call or Text us at 661-510-7975

Comments (4)

Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Oh, I am so happy to see the light at the end of the tunnel too, Tony! 

All great points about navigating through this crazy sellers market as well. It's so much smarter to be paying down a mortgage and building equity than paying rent and having NOTHING to show for it.

Nov 19, 2021 07:33 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Fantastic post glad you shared on a side note miss the intereaction, Endre

Nov 19, 2021 11:10 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It's always best to be as prepared as possible for all scenarios because they will come back and go away and then come back and fluctuate so on and so forth

Nov 19, 2021 11:45 PM
Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Tony Lewis Thank you so much for providing a very informative market report!  This is exactly they type of information needed by buyers and sellers to make informed decisions!  Very professional! Have a wonderful and Happy Thanksgiving!

Nov 22, 2021 08:25 AM