Could it be, that July 2010 is the right time to buy a home in the Santa Clarita real estate market? It's looking like it sure as heck couldn't possibly be bad timing! The main reason to go out on a limb like that is this: low interest rates + increasing home inventory + less homebuyer competition = great timing. Wouldn't you agree? Of course all that, in a market where home values have already come down a significant amount from their historic highs.
I believe homebuyers in Santa Clarita with FHA loans should especially heed this warning. In recent months, and over the last few years, you've run into some major competition when making offers, especially from buyers with conventional financing or all cash. Being in a multiple offer situation is by no means fun, when you think of the home you're making an offer on, as your dream home. You want to GET that home! So, it only stands to reason that if homebuying activity is decreasing, and interest rates are low as heck, and the choices of homes to browse through are increasing from their extreme lows (in the Santa Clarita real estate market), then, if you think you're close to being ready, and or ready now…I say it's time to pull the proverbial trigger!
Interested in buying a home in Santa Clarita, call us here at The Robert and Brian Team. We'd love to make your next real estate transaction, a successful one!
While you're contemplating all of this, watch our latest SCVRealEstate360 video (Episode 62) where Brian touches on much of what I noted above. Enjoy!
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