When you set out to start your Santa Clarita home search, working with a Realtor that is able to give you the best guidance on the actual market value of a listing is invaluable. With home buyer competition heating up in the Santa Clarita real estate market, it’s super important to know the facts about a home, and I’m not talking about bedroom count. I’m talking about price facts!
If the Santa Clarita home is underpriced, you need to know.
If the Santa Clarita home is priced right at market value, you need to know.
If the Santa Clarita home is over-priced, you need to know.
Knowing these price facts helps you and your agent form a strategy for negotiating the best deal possible. Let’s say the home is priced 10% below market value. Knowing that enables you to forecast that there will likely be multiple offers with the type of Santa Clarita home market we’re in – a seller’s market. If you’re need to buy a home is urgent, you’d more that likely be very willing to pay more than the asking price if asking was 10% below the actual market value. Perhaps you’d be willing to pay 5% below market value, or 1% below market value… or actual market value! Heck…. maybe you LOVE the home and NEED it and you’re willing to pay $5k over market value to simply GET the home and lose it to a competition buyer who is also willing to fight for it during the multiple offer process.
As you can see… possibly knowing if the price of a Santa Clarita home is well under market value, can help you come in at a more reasonable offering price that can not only land you the home, but possibly still help you buy it some % under the actual market value.
When confronted with a home that’s over-priced, it’s super important to know what he actual market value is, so you not only don’t over-pay for a home, but also run into an appraisal issue during escrow. Perhaps you don’t have the financial resources to clear an appraisal coming in lower than the agreed to price, which means you may have to pay the cash difference. Knowing when a home is over-priced can help you identify potential deals, too – especially if you’re working with a great agent who can help you determine the urgency of the seller to actually SELL!
Are you in the market for a Santa Clarita home? Be sure to contact us here at the #AskRobertSCV Team when the time is right for you. We’re always here to help. Guiding you through the buying process is what we do best. With our network and connections, we have one of the best chances at helping your next Santa Clarita home purchase, be a successful one, despite it being a seller’s market! That’s the #AskRobertSCV Advantage!
Watch this episode of Ask Robert SCV TV on this very topic of Santa Clarita home pricing and the competitive nature of the market we’re in now. Knowing the market value of a Santa Clarita home is so important… listen in and watch this…
