The Santa Clarita Valley cities real estate and housing market recap for today is as follows:
In Santa Clarita Valley, We have a total of 92 real estate listings that hit the market in the past 7 days.
During the past 7 days, we have the following real estate information that has been encountered:
65 real estate listings in the SCV Cities have had their prices changed
32 real estate listings in the Santa Clarita have entered the market for sale again
I have been monitoring the 74 real estate listings that have entered back up offer status
20 homes that were trying to be sold – did not sell
52 real estate listings entered the pending status of escrow
85 Santa Clarita listings sold during the past 7 days
Today is our truth in lending real estate radio show and we are going to cover the CFPB – Consumer Financial Protection Bureau.
They have made some changes to the lending and residential world for Santa Clarita real estate and in the rest of the world.
Now you have three days to review, as a real estate buyer, any changes to your loan program, interest rate or terms.
Changes in Interest Rate – any change of greater than 1/8th, as an increase, you have to be notified and given 3 days to review it.
If the interest rate is reduced – they don’t have to give you the same three days 🙂
If the lender changes your loan program to another which is going to not be as good or friendly, they have to notify you and you have three days to review the changes. Such as a prepayment being added.
You have to be notified if the basic loan product changes. Maybe they moved you from a fixed to an adjustable loan, you have three days to review that too!
This will be increasing the time frames in which it takes to close real estate transactions.
Some of our clients and the lenders in our circles are panicked about these changes. I think the buyers in the world are going to be happier because it’s going to be hard for anyone to pull the wool over the eyes.
I’m Connor MacIvor with REMAX of Valencia CA and I’m Glad to be of service. Reach out to us at 663.400.3680 and at our REMAX of Valencia CA offices 661-284-5430
We often talk about our start in the real estate business and our association with Law Enforcement, making us the number one agent team at REMAX of Valencia representing more LEO’s(Law Enforcement Officers) than any other Real Estate Team.
We chose REMAX of Valencia because it was the best fit for our clients. Having come from the LAPD, and Paris having come from the LASD, we founded our Real Estate business at REMAX of Valencia on protecting and serving the real estate interests of those who protect and serve for a living.
As someone in our offices once said, “That’s a pretty big claim…” Today, that has not changed, only in the way we are being utilized by those in the private sector as well!
It’s not just the Law Enforcement Officers, LAPD, CHP, LASD, Military, Teachers and others “sworn to an oath”, that utilize our Paris911 / REMAX / SCVnest real estate services, we have the civilian population that trusts the way in which we operate.
The way I look at our business is simple, if LEO’s trust us with the biggest investment of their lives – then why don’t you?
Here at the SCVnest Team at REMAX of Valencia, we pride ourselves on giving you the best real estate related intel and news, as it applies to housing and real estate.
When we got a question a couple of weeks ago from a potential client, a buyer, who wanted to know why they were searching and only seeing “under contract” listings.
I explained that they were searching on the wrong internet website. They were searching on a real estate syndication website and not on the actual multiple listing service.
Another reason, having to do with the same thought process, is that the real estate syndication websites lack 100% of the permissions to advertise all of the multiple listing service listings from the various Boards of Realtors.
Local Real Estate Offices of the Paris911 Team of Realtors.
We have some really special items to share reference to buyer and seller representation when it comes to real estate.
You will find many topics here, front and center, that will be of great assistance when it comes to purchasing and selling real estate in Valencia – Santa Clarita and in the Greater Southern California Areas.