The Santa Clarita, real estate market, is buzzing with business - Homes are flying off of the shelves, but at prices that I wasn't able to foresee. In fact, there are a lot of issues with this market, none of which have to do with the sellers getting less than they expected.
For the home buyers out in the current market in the Santa Clarita Valley, I'd throw caution to the wind and ensure that you are not being led down a path leading to trouble for yourselves.
There are contingencies in place for a reason when you are buying real estate. A biggy - has to do with a contingency that allows you to have a home inspection. Without the home inspection, you may be buying something that has trouble beyond your means.
Or worse, you may be buying a home that contains toxic mold where you did not find out about it until it was too late.
Santa Clarita real estate video radio podcast news (00:00):
Good to everybody. Welcome to the show. SCV nine one one.com. I am Connor MacGyver, your host, the longest-running real estate podcast, and a video update for Santa creative valley cities. This is going to include everything from acting all the way through to Valencia. So act and Oakwood. I'll say we're going to also talk about Casta canyon country, new hall, Saugus Steven Sorento, Valencia to introduce myself. If we haven't met before, I am Conner with honor MacGyver, uh, the metal describes it's not like the given name, that'd be Tiernan, but Connor MacGyver. I do. I am at exp Realty, made a switch recently from re max after being there for about 23 years. So it's new and exciting and different, but I believe it's going to be better for everybody involved with regard to service to clients and so on. So that's something that we look for as real estate agents.
Santa Clarita real estate video radio podcast news (00:50):
A lot of real estate agents will change brokerages like underwear. Some will stick it out for a very long time at a company, probably too long in some cases, but we'll have to see, but I'm very excited about the change nothing's going to, uh, be moving any kind of different direction. However, you'll still have all the same access, all the same properties, and still have the same negotiating power as we had when we were there for the Remax brokerage. And he XP offers nothing different, except for, it seems like they're probably going to be moving in a direction. That's going to surpass the numbers at Remax here in the very near future. So we'll have to keep an eye on that, and I will keep you updated. As far as real estate goes here, we're breaking into the middle of July. So today happens to be July 14th, 2021.
Santa Clarita real estate video radio podcast news (01:37):
This is your SCV nine one one.com real estate update. Now, what I did is I pull the numbers and look at the daily inventory here in Santa Clarita valley. And this is a daily task for me because I want to make sure clients, buyers, sellers, owners, renters, everybody out there. If they have a question about real estate, they understand and go to SCV 9 1, 1 dot con and see the latest edition, latest video podcasts. And to see what's going on in the real estate market without any kind of a spin or a slant. And I'll tell you, there is a lot of that. In fact, there's a lot of people out there that will, uh, spend the real estate news. They will make their method in which that's going to be something that they save. It may, they may, that may influence your buying decision or selling decision.
Santa Clarita real estate video radio podcast news (02:22):
We try to keep it incredibly neutral here. Just show you what's going on. Can back up the numbers that we talk about, and then also give a little bit of an opinion in the future, as far as what may be happening based on current news and events. And everything's verifiable all across the board. Now at the end of the day, if you need service by a real estate agent, looking to hire that real estate agent to represent you buy a new house, used house resale house for closure, short sale, a distress sale, whatever it may be, you need to be very wary on who you hire. It doesn't make a big difference. If you're looking to hire to sell your house, maybe do a probate sale, maybe it's a divorce issue. You also need to find that person in that space that happens to carry the expertise, knowledge and has a track record to be able to serve you in the best way possible.
Santa Clarita real estate video radio podcast news (03:13):
Now, of course, I'm always open to the job. So please give me a call when you're ready. I am Connor MacGyver. You can find all of my contact email@example.com. Also Santa Clarita, home experts.com, but the shorter URL seems to be easier to remember. Plus I was a police officer for a long
time with the Los Angeles police department, and that doesn't hurt anything. STV nine eleven.com. Let's work into the let's talk about the local inventory here and all of a sudden, a greater valley city's total inventory units for sale are 229. The reason why that's important is that that number has been increasing ever so slightly. But as of this last week, we've seen that number start to deteriorate again. And we were in the two seventies to eighties. Now we're back in the two twenties, 26 of those properties are actually coming soon. So they're not on the market as being able to be seen.
Santa Clarita real estate video radio podcast news (04:07):
People do still try. People do still write offers on properties. They haven't even seen it before. That's kind of a red flag for most sellers out there, but it's going to depend on their agent the way that they explain how that process works. Most people that are writing offers on real estate sites, on-scene or putting in a clause in there that basically states that they reserve the right to look at the property. Of course, visually inspect the property before proceeding. Whenever that date happens to come across and a lot of these properties can be advertised up to 21 days prior to his coming soon prior to them becoming active. But the trend that we see lately is this. So if you're out there wanting to buy real estate or sell real estate, typically it works. You get your contract signed. If you are going to be the seller of real estate.
Santa Clarita real estate video radio podcast news (04:53):
So you get your contract signed with the agent that you're choosing, hopefully, made. And then when it comes down to it, we start the advertising program and marketing program that day with a single exterior shot done with my iPhone. And meanwhile, up until the points in the future that I'm going to discuss here momentarily, we're going to be ordering professional photography to be done. There's going to be maybe some honeydew-type items that I will ascribe to you and say, this, these things need to be changed. Of course, of the things that need to be changed. Usually, it has nothing to do with injecting extra money into the residence that typically is reserved for different markets. And that's not where the market is a seller's market, where the sellers are holding all the cards. That type of market is usually a buyer's market. When there's a lot of competition between sellers, that's typically when you start to see people putting more money into their houses to try to compete with the Joneses down the street that had the same exact home that you happen to have.
Santa Clarita real estate video radio podcast news (05:51):
And they're trying to sell theirs for top dollar. Now you come on the market, you're missing the kitchen that they, which they had redone a couple of years ago, you're missing some of the internal components that they had changed in the residents to make it flow better. You're missing these sorts of items. So that next step may be to inject some money into it, to help your price as far as what you're going to be selling it for, but everything can be accounted for. So you're going to want to look at those numbers, for example, in today's market, where the sellers are holding almost all the cards. A lot of times when you're putting in one ad to a kitchen, that's basically demolished at a demolished state. You want to put something in there, functional, maybe that could help, but in a, at the end of the day, with all the buyers out there, eventually there's probably going to be somebody out there that's willing to accept that kitchen as is and still pay you premium money for the property.
Santa Clarita real estate video radio podcast news (06:44):
So that's the question. So we want to see what the buyer drive is in a local area, which any agent, any good agent would be able to verify with you. And then also look at those numbers. If it's going to cost
$10,000 to bring the kitchen up to just a normal level, but you're only going to get five to $7,000 extra. It's not going to be worth it. At the end of the day, you won't pay it. Won't pay you back dollar for dollar. So that's something that you're going to definitely want to ask your real estate expert about isn't going to be worth it for us to change these particular items. It should be. We do, as Connor says, go on the market and just let it run. As far as the property goes, of course, getting a decluttered, getting a Q-tip clean. I mean really squeaky, clean returning all the rooms to their original intended purpose.
Santa Clarita real estate video radio podcast news (07:26):
That's important. An example of that, let's say you have one of the bedrooms. It shows on the title that it's a three-bedroom, two-bath house in Saugus. Then you took one of the bedrooms and you and your beloved converted to an office years ago. And that's what it's been ever since. It's probably going to be better and pay you bigger dividends. If you have that office reconverted back into a bedroom, it doesn't have to be anything fancy. I'm sure you didn't change much in it except for maybe put a desk in a computer, but you might need to put a bed back in there and maybe a dresser still live a desk and computer, but at least with a bed or a bed frame with a sheet over it, or maybe a quilt or a comforter, people now make that connection. No, this is a bedroom, and believe it or not, folks have difficulty.
Santa Clarita real estate video radio podcast news (08:08):
So it's easier instead of having to try to hope their agent has the wherewithal to answer the question properly, just to have the bedroom converted back to what it was at least. So there's a bed in there so that they understand this is one of the things on the title of which the house has besides that deeper deep personalization is very important too. We see a lot of properties that still have massive amounts of pictures inside of them, of actual human beings, family members, friends, those sorts of things. It's tough, it's a tough place. And a lot of the buyers out there can detach. You'll see studies done on this are unable to detect a match, and actually assume the home is theirs and paint that full mental picture of this residence. Just for the simple reason that they see other people in the pictures. Now, of course, you know, maybe if you have behind the pictures, they have the, uh, the outlines there and there are those sorts of issues.
Santa Clarita real estate video radio podcast news (09:05):
I understand that maybe you don't want to paint maybe the money and the paint isn't going to reap your benefits. Maybe swapping out the photos inside of those frames for something else might work better. But at the end of the day, I think it's going to really pay off to depersonalize your residents. And besides that de-cluttering, and Q-tip clean. We want these people to see the front of the house in the best possible light. We also want them to see all the counter space in the house. We want them to see the full view of the rooms. If you have boxes stacked from floor to ceiling, it's going to create issues and probably going to limit your experience when it comes to buyers. Writing offers. Now in this particular market with 229 units for sale, these units are flipping over very quickly. So the timeline typically runs as far as the listing goes, is it's taken sometime 21 days into the future.
Santa Clarita real estate video radio podcast news (09:53):
Usually, after that's taken then 21 days later or some other amount, but less than that, that property is going to come on the market as active, just prior to that, pictures are going to be taken. They'll be posted online. And then an announcement is going to be given as to when this particular property is ready to be viewed. That's going to be the release date from coming soon to active that being the case, it's going to help a lot of people start to get their schedule together. And usually during that first evening
for, excuse me, the first weekend may be going live on a Friday, having for showings start first-time Saturday through Sunday, and maybe into Monday, more than likely you're going to have a massive amount of traffic. So at that time, I tell my sellers to disappear for the weekend. Go somewhere else. I got it.
Santa Clarita real estate video radio podcast news (10:43):
The agents are going to be showing the residents. They're going to be using a secure lockbox. There's not going to be any question as to who's opening that box because there are massive fines imposed. If agents give their cell phone, which the keys are driven by a, basically a web access point that you can't, you have to actually download. And there's only one available for one agent. So back in the day, there used to be a combination key or a digital key with a signature. If an agent was breaking the rules, Becky to his client says, go look at the house and let me know what you think. And if you like it I'll write the offer. That's that was a violation of the terms of the multiple listing service and the showing codes back in the day. Now it is as well. However, with the showing, sorry for the sticker with the showings, you actually have to have an app that's downloaded on your phone, and for an age to give their phone to somebody to have them use, it would be incredibly difficult because the still wants to make money.
Santa Clarita real estate video radio podcast news (11:55):
So this is the app that's used. You push the key to obtain it at that moment, that listing agent gets notified that Hey, Connor, MacGuyver, California real estate Dre number 0 1 2 3 8 2 5 7, just used his super key to open up this particular lockbox. Now, if Connor has an appointment, all is well in the world, especially now with COVID, but of Connor's just somebody driving by as a real estate agent that wants to go into the property. Connor should know better. In fact, Connor will probably get in a lot of trouble for doing so. That's why the showings are typically all verifiable. And especially now with COVID, everything's done by schedule and by appointment only. However, because of the lack of buyers, those appointments do fill up. And it's not a problem to have 15 minutes showings all day long from eight o'clock in the morning to 7:00 PM at night, almost all the listings will carry that kind of showing activity, depending of course, on price point.
Santa Clarita real estate video radio podcast news (12:56):
And if that happens to be the flavor of the week and by the flavor of the week, I mean, with regard to real estate, there are some houses that are in higher demand than others. If you get up to two and $3 million homes in Valencia, let's say they're going to be a lot lower demand for those resonances, just because not a lot of people can afford those. So that median house prices where people are going to be looking somewhere between 700 and 800 to $900,000, then they're going to be looking for somewhere between three and five-bedroom and two to four bathroom with a regular lot, maybe pool size, maybe with a pool, you can get pools and those price ranges as well. Maybe that's something they're looking for. So as long as these properties fit within that square, that rectangle, but at least a little bit more than likely they're going to be viewed by a majority of the people and they're going to have a boatload of viewings.
Santa Clarita real estate video radio podcast news (13:47):
So that's something to prepare for. If you happen to be a real estate seller, thinking about putting your property on the market. And finally, with regard to sales of real estate, a lot of buyers are asking me what I'm talking about. And even sellers are asking you this too. They want to know how the pricing strategies work because it doesn't make sense to them when they're seeing online these different syndication sites stating that a property is a value to this much yet when they watch 30 days later and
stay people a long time to buy real estate, because there's a high level of competition for buyers out there, even still in Santa crater valley. And that also exists in a lot of other parts of this country. And especially here in Southern California, where real estate seems to be a total prime commodity, as it always has been and seems, but what they're doing is when they go out there and they're starting to look at real estate and they see a property priced at seven 50, maybe they like it enough to write that offer at seven 50.
Santa Clarita real estate video radio podcast news (14:46):
Once they do though, then let's say they don't get the property, or they may go up to 7 67 70. Then when they see the property close, 30 days later, they see that it's sold for eight 50. So it went up a hundred thousand dollars. They don't understand how that's possible. Well, it's possible because that particular buyer that wanted that residence waived all of their contingencies out of the shoot. They stated that they don't care what they find out about the house. They don't care what their inspection reveals. They don't care any of the F uh, any of the items inside the house what's going on with them. They don't care if there's mold, they don't care. If there's a roof problem, a leak, they don't care. If anything, all they care about is getting the residents and they're willing to waive their appraisal and they're willing to pay whatever it takes to get this residence up to the amount that they're offering.
Santa Clarita real estate video radio podcast news (15:36):
That being the case. Of course, most of those particular buyers still need a loan on the property, but they're taking it upon themselves. Maybe being guided by their agent to waive their appraisal contingency to looks good to sellers, but there are other reasons to cancel the transaction. Besides the appraisal, if the appraisal comes back lower, just as a seller, understand if that particular buyer stated that they're going to waive their appraisal contingency and they're going to pay whatever for the house, the appraisal could come back a lot less than they actually said they would pay. What's stopping them from saying, you know what? I didn't realize that there was a school, three miles away. I really don't want to buy the house anymore. That's a contingency that they can fall back on a state that they don't want to do it has to do with their inspections in their investigations.
Santa Clarita real estate video radio podcast news (16:25):
Maybe somebody is gonna come and they're gonna look at, uh, one of the other documents produced when you buy or sell real estate and natural hazards disclosure. And they find out that this property is located in a high fire zone that has happened out here. You seen those fires on TV, Santa Corita's has had them. And again, maybe that's something that a buyer could fall back on. It stays well really for the appraisal, but we can't really cancel for that now. So we'll go ahead and do it for this other reason. These are all legal questions. These are all issues, and they could have extreme consequences. So before you start bending the truth, and some of these ways are breaking, trying to break yourself against the rules, make sure that you have good advice going in because you don't want to be standing there wondering what just happened because you lost your deposit on our property.
Santa Clarita real estate video radio podcast news (17:16):
That's incredibly important. So ask the question, if your agent's telling you okay to do something, that sounds strange. Make sure you follow it up with an email, for example, Connor. I appreciate you talking to me today. Uh, we're so happy. We found you as our agent, but you said that it would probably be best if we waived all of our contingencies right at the beginning and went for the property and paid initially and offered an additional a hundred thousand dollars on top of it. So we could for sure get the
property 100% lock stock barrel. Well, that would be silly for Connor to say anything like that. But at the end of the day, if an agent is spouting words like that and talking that way, following that up with that agent, email usually gets them to come to well, Jesus. They actually realize that maybe they shouldn't put that in writing and they'll come back and they'll show their true colors to you.
Santa Clarita real estate video radio podcast news (18:10):
And they'll tell you, you know what? Maybe I made a mistake. Maybe I misspoke, whatever it may be, but that's probably the time to start looking for another agent. Instead of that one, you want somebody that's going to be honest from the beginning and at the end of the day, being honest in sales, when you have to produce a certain amount, so you can just survive sometimes, maybe lacking. But when you find an agent that is honest with you, whether they're going to make money from it or not, that's the one to keep. So look a little bit around, check out STV vinyl on one.com. The rest of the information is there. I have the most visited blog here in Santa Clarita valley. So please check out that as well. At the end of the day, here's the final word. There's a lot of properties online.
Santa Clarita real estate video radio podcast news (18:54):
There's a lot of real estates. That's being advertised on a lot of different websites. Some of them are actual listings. Some of them are maybe fraudulent in some way, shape, or form. But if you go to a real live agent that does have access to the board of realtors, you'll be able to get those listings hot off the press. As soon as any other syndication sites, get them the Redfins, the realtor.com even my site because I'm sending you properties directly from the multiple listing service. So when you're ready, the best thing you can do is to start your home search. Besides speaking with me about the right questions, asking a real estate lender, to make sure you're getting your best deal on your home loan is going to be the way to search for real estate and how to get those listings prior to them coming on the market is coming soon.
Santa Clarita real estate video radio podcast news (19:43):
Listings that have to be dispatched directly from the board of realtors. I'll give you that information, the questions to ask lenders, to save yourself a boatload of money when it comes to getting a home loan and for you sellers out there, the top five reasons your home won't sell, and top dollar, I'll be able to help you out with that as well. I'm Connor MacGyver. Please tell a friend, this has been your real estate update. We heard July 14th, 2021, and I hope I've bored you to tears when you're ready. Please reach out to me though. I'd love to help and I will talk to you very soon. I am Connor MacGyver over and out. No, I have to find the stop button. That's what I want to do right now. So close. There it is. Have a good day.
As far as Santa Clarita real estate is concerned - I'm Connor MacIvor and this video real estate update show is updated when there is new and exciting information to share.
When you are ready, reach out to me on my Santa Clarita real estate cell phone 661.400.1720 and I'll take great care of you.