Welcome to the Gregory Real Estate Group! When it comes to real estate, everyone would like to see in to the future. What will the market be like in 2012 or 2015? If we
buy a $400,000 Santa Clarita home today, what will it be worth in five years? No one can say for sure, but we can tell you what the market is like today and what has occurred in the past. Using history to predict future market conditions is probably the most common method of determining the future market conditions. In the long term, real estate values always rise. It’s what happens in the short term that makes things difficult.
The Santa Clarita real estate market continues to consist mostly of short sale and REO listings. These “For Sale” listings, are also known as distressed properties, and make up well over 50% of the market in most Santa Clarita communities. The percentage varies from neighborhood to neighborhood but in some communities that percentage is 80 and 90%. As a result there are very few standard sales and those homes sell very quickly if they’re priced right. If you plan to buy a Santa Clarita home any time soon, expect it to be a distressed property. It’s going to be critical you select a Santa Clarita real estate agent that is trained and experienced with distressed property transactions. Your friendly neighborhood agent may not be the best choice for your representation. Contact Matt Gregory at 661-713-4799. Matt is a Certified Distressed Property Expert and Short Sale Specialist. He has a proven track record of success closing these difficult transactions.
Home Values
We all know home values had declined in the past five years. For now, prices may fall or rise a bit but values are basically a flat line, and we shouldn’t expect that to change any time soon. Homeowners want relief and it may be there on the horizon, but the horizon can be a heck of a long road trip! It’s like seeing that very slight glimmer of light at the end of a long tunnel! In the LONG TERM it’s still a pretty good bet that history will repeat itself and home values will rise. It’s just a matter of, how long. For most of us, owning a home is the single most important investment in our lives. It’s critical to have accurate goals in place to achieve the desired result. Contact Matt Gregory of the Gregory Real Estate Group for a FREE consultation. If nothing else, you’ll walk away with some clear and definable future real estate goals. Matt Gregory 661-713-4799
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