Is cash dying on the vine?
The stats from the local Boards of Realtors is in, and there has been a drastic reduction between the cash offers that had been written in months past and the numbers for the first three weeks in July.
While interest rates would not effect a purchase of that type, interest rates would/could put a damper on the "cash buyer" hopes to flip for a profit.
Santa Clarita buyers lacking cash
In the local Santa Clarita real estate market, in the trenches, we have gotten feed back from our REMAX Buyer's Representatives that this is holding true.
The cash investors and cash buyers that are working with the Top Producing real estate teams in the Santa Clarita Valley cities have slowed their roll.
Missing the great SCV real estate deals
While they can still call their shot, the "great deal" has seemingly passed in their eyes.
"We can tell by the numbers of inquiries we get via our Paris911 websites. When those number diminish, we only have to look at the Reports published by the Boards of Realtors to see concrete confirmation", said Paris MacIvor earlier today when we were in our Paris911 Staff meeting.
Proud to present a Top Producing Team
With Three full time Buyers agents and bringing on a Fourth Mid August 2013, we are proud to give our updates about the current state of the Santa Clarita real estate market.
There is a lot of feedback we obtain from clients that are interviewing real estate agents, not to mention from our Paris911 Team members.
Be safe, make sure you are working with a Realtor and let us know when you are ready to MOVE. Thanks for reading, sharing and helping spread the word about Paris911 dot com!