Valley Home Sales Slow

Valley Home Sales Slow


Valley Home Sales SlowKaren E. Klein reports in the San Fernando Valley Business Journal, Valley home Sales slow “…in the San Fernando Valley last month as the summer season came to an end and fewer homes were on the market, according to a Southland Regional Association of Realtors report.

“There were 577 single-family homes that changed hands in the Valley during August, down 4.3 percent from July but up 20.7 percent from a year ago. The pace of condominium sales also slowed, with 188 transactions during the month, off 6 percent from July but still a 1.1 increase from the previous August.

“While it is still a seller’s market in Santa Clarita, there are fewer multiple offers and fewer offers coming in above the asking price, said Bob Khalsa, president of the Santa Clarita Valley Division of the realty association. “Today’s market is stronger, fundamentally different from the rapid rise and quick fall of the market seen in the last decade,” he said in a statement.

“Active listings in the region are falling, with just a 1.8-month supply of inventory on the market, and open escrows hit 350 by the end of August, up just 5.7 percent from a year ago compared to double-digit growth throughout the earlier part of the year. Both are signs that the local housing market is following seasonal sales patterns.”

It appears we are moving into the slower time of year for housing. Condo sales have slowed. There are fewer multiple offers and fewer above the asking price and active listings are falling.

If you have been holding off waiting for the best time to sell your house, maybe now is the time. We buy “as is” houses. You don’t need an inspector to go through your house, telling you what items to fix before you can sell. You don’t have to reduce your sale price by the cost of the repairs pointed out by the inspector. There are no realtor commissions of 5 to 6% to pay out of your proceeds. In fact, there are no fees whatsoever. There are no open houses to live through and no fears that something goes wrong when it’s time to close and you lose the buyer.

When we say you can sell your house now, we are usually talking 30 to 45 days, though in some cases we have closed in a week. That means you could be out before winter officially starts, basking in some warm tropical sunshine.

How does it work? We know your neighborhood and the house prices. We do a walk-through of your house, note any deficiencies, and figure out what it will cost to fix those items and what price we could sell the refurbished house. We calculate the profit we need on our investment and offer you a price.  We will explain how we arrived at our offer to you and answer any questions you might have. Then it’s up to you to accept our offer or go the traditional selling route. One call, no obligation.

Isn’t that what you want?

Homebuyers Choice, LLC is here to help homeowners out of any kind of distressed situation.  As investors, we are in business to make a modest profit on any deal, however we can help homeowners out of just about any situation, no matter what!  There are no fees, upfront costs, commissions, or anything else.  Just the simple honest truth about your home and how we can help you sell it fast to resolve any situation.

Give us a call today at 818-629-2000 to let us know what YOU need help with!

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