Latest / Connor with Honor: AI, Real Estate and Real Life / Santa Clarita Home Sales Drop 43%: What It Means for Buyers and Sellers in 2025
Transcript
- 0:00everybody we have 473 active listings on the market looking at December numbers for Santa Clarita Valley we had almost 200 listings closed escrow as far as January 2025 we right now as of the 30th we have 112 closing so December was definitely a larger month but we did have less inventory in December now we're pushing that 470 number as far as active listings currently on the market for sale of those about 17 are coming soon the biggest tip that I can give you folks out there regarding buying real estate is to make sure your lender performs an entire approval on you especially going in because whenever you're writing an offer if you come in with an underwriter approval and also with a lender that has the ability to make a phone call to that listing agent the agent representing the seller that's incredibly important and while you should always have your own agent in real estate if you are gonna hit up the seller's agent to represent you watch out for that because they're already in contract with the seller and of course they know all the sellers bottom line and eventually they will know your bottom line as well that's why it's typically suggested out there and several states outlaw the practice of dual agency meaning the agent representing the seller can also represent the buyer in the world it's really good to have your own person on your own side where that's really changed lately is because now it w always negotiable before now that particular part of the commission the agent you hire to represent you as a buyer could be compensated by the sellers agent maybe something that you would ask for but in the end if they decide not to and you still want your agent to represent you you then will compensate them and of course that is also negotiable for you sellers out there when you're looking to put your property on the market make sure that you're getting good values directly from the data stream in the multiple listing service some of the services out there the syndication sites they're actually built around a programming algorithm that is going to put your house in a particular view to get you to do something and it's all artificially intelligence produced they're very smart they know exactly kind your mind is what you're thinking and don't fall into those traps also when you're running into these companies that say they're gonna sell your house or they'll be able to buy it from you again the small print on that is always to their advantage so please watch out for that I'm really here to try to shed light on the real estate process for what buyers and sellers that's why I wrote a book that's why if you wanna copy hit me up or you can find it on Amazon but it's important that you go into real estate prepared especially as we breach into February of 2025 I'm Connor with honor check out Santa Clarita openhouses.com and I'll see you in the next one just be careful out there