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H O U S I N G M A R K E T R E P O R T B Y P A R I S 9 1 1 . C O M
GREATER LOS ANGELES –SANTA CLARITA REPORT
MARKET OBSERVATIONS
• The market is attempting to move from being a
sellers market to a buyers market.
• We are watching as sellers are not able to obtain
the amount they want for their homes and condos –
so hence the price reductions happening.
• However, the median sales prices are not reducing,
they are holding steady.
MARKET OPINION
• More inventory will be coming in the way of real
estate re-sale.
• Sellers are going to have more competition
regarding keeping home buyers attention.
• We are going to see a “typical-seasonal” buyer
increase come the end of the 1st quarter of 2014.
• However, the market will not shift from being a
sellers to a buyers market unless we have an
overabundance of inventory enter the “re-sale”
market.
REAL ESTATE BUYERS TIPS
• Get prequalified by both a main line bank and a
Mortgage Broker
• Obtain copies of your credit report from the first
lender you interview
• Make sure you ask your Realtors Opinion as to who
you should be working with in the lending profession
• Work with only local real estate agents – Team or
Solo is okay, Google Them!!!
REAL ESTATE SELLERS TIPS
• Look at the current value of your home in an apples
to apples comparison
• Ensure those Realtors you are interviewing are
giving you factual information
• Be weary of the Estimates obtained on-line for your
properties value
• The Real Estate companies reputation is as
important as your chosen Realtor’s reputation.
• Due Diligence is the key to hiring the BEST!