Latest / Connor with Honor: AI, Real Estate and Real Life / What agent do you hire when wanting to buy or sell a Santa Clarita home, looking at the changes in the market, this decision maybe your most important yet.
Transcript
- 0:00476 total active units on the market for sale I am Connor MC Ivor Connor with honor you can find more about me and also exactly what's happening in the real estate market at Santa Clarita Open houses.com I do a daily update every 80 I do a daily update every single day this is one of those daily updates I talk about real estate inventory what buyers and sellers should be looking for and it real again most everything is pretty green it just depends on how the market adjusts as to what information that I'm gonna be able to publicize and talk about to help you whether you're wanting to buy wanting to sell or whether you just hate real estate agents all three of those I'll be able to help you with all in alright so we have the last seven days of activity eight coming soon listings 89 new listings have actually entered the Santa Clarita market for sale this is a little bit higher than normal but I've been watching this trend develop over the last several weeks as we have continued to have more and more listings added to the market however we're not building much of a surplus at all those listings are selling out rather quickly in fact currently we have 70 properties that are excuse me 80 properties that are currently on in escrow so these are properties that are moving in balance that over or compare that with the new listings at 89 80 and escrow 89 new listings not building much and this is seven day snapshots over time we might build a little bit more we'll have to figure out whether or not that's gonna cause this market to become more balanced in a way where the competition is less high between buyers but that then disappoint sellers because then their competition is less high as well we'll watch these trends develop right now we do still have a supply and demand issue not a lot of real estate for sale in the big hold back point we're currently is most of the people that might wanna sell that need to move or locked into a very low interest rate so that I'm getting phone calls about finding out what it cost to rent and manage properties and how that looks and then how to remove or take money out of a current residence keeping that low interest rate some type of a home equity line of credit and using the money that you're able to leverage out of your equity to buy that next house keep this one rented currently at a very low interest rate so a lot of sellers are exploring that but when it comes to them finding so once we get that side settled then it comes to them finding that house that they wanna move to that's a whole another thing because there happens not to be a lot of inventory against supply and demand if you are considering selling real estate that's something you're gonna wanna consider do your research and you can do your online searching like everybody else does my recommendation though is when you get closer to being ready when you want more advice when you actually wanna see those listings for sale you can DIY it or do it yourself online but if you get somebody to work for you and do that searching look for and vet these properties I believe that's gonna actually save you time that's gonna give you less headaches and make you be able to go through that process a lot safer than if you're trying to just to look for things as you see them coming up online also online here in the next couple weeks we're gonna see a big change where there's not gonna be any kind of concessions or commissions offering on the real estate for sale it's going to be up to you and what you're gonna pay your agent to represent you and the seller is thereby gonna pay their own agent the seller could still opt to offer a commission to the agent representing you as a buyer we'll have to see how that pounds out in the market but as far as real estate goes I wouldn't let that be a big stumbling point we'll have to see what happens with that model and find out how agents are gonna be implementing that basically for me to my client it's basically a straight explanation of this is what I cost and this is what I do to earn that money and we take it from there I do that also with the sellers this is what I charge and to earn that this is what I do and it's really very simple and it makes a lot of sense don't get caught up in this web toy 2.0 nonsense or people trying to give you a lot of fantastical kind of self sales and talking about how they do things better in essence it's really gonna come down to that agent communicating with you every step of the way and doing their best to provide you with all the knowledge of course throughout the transaction the best advice but also leaving you as where you need to be as the boss in the transaction I'm Connor with honor thank you so much for watching we'll talk to you soon be well Santa Clarita we'll talk to you tomorrow I'm Connor MacIvor over and out