If you’re on the fence about buying your first Santa Clarita home, you’re not the only one. Other Santa Clarita first-time home buyers are wondering the same thing right now. Should you buy now, or buy in the spring… or perhaps the summer… what about wait a year and buy next winter 2014?
What Should You Do?
We can’t predict the future… but there are some strong indications of what is to come. Interpret it however you wish.
Prices have significantly risen from their lows. I have home buyers who have over $100,000 in equity, and they just bought a Santa Clarita home one year ago. While some home values have in fact risen 20+ 20+ 40+ percent… there is still one condition in the Santa Clarita real estate market that has home values poised to go up further (as of now)… inventory.
Low Inventory Of Santa Clarita Homes For Sale
Due to the low inventory of homes for sale in Santa Clarita… home values have been rising. And despite their run-up so far, the inventory is still too low. Right now we’re hovering in the mid 500 range… yes… that’s only 500 some odd homes for sale in the Santa Clarita Valley actually available to buy.
This inventory crunch puts upward pressure on home values. That’s a great thing, if you already own.
Thinking of Renting For A Longer Period Of Time?
You’re in good company. A lot of would-be Santa Clarita home buyers decide to rent instead. Renting isn’t bad. It’s necessary for many. Some people simply don’t want to be locked down into a mortgage, and take the risk of home values going down. It’s understandable. Prices have been going up though, and they are poised to go up more if the low inventory is any indicator (and it usually is).
Listen into my video where I speak directly to Santa Clarita first-time home buyers, and I question whether it’s a good idea to buy now, or wait it out and continue to rent. What are the pros and cons. I hope this video helps you make up your mind. If you need help buying your very first Santa Clarita home, I want to represent you. Let’s chat about the Santa Clarita real estate market, and how I can find you the best deal in it. Ready? ASK Robert! You can start by calling me @ 661-373-2374 or just making contact here.
