Wow! Are buyers popping out looking for homes in Sylmar or what? You bet! It is absolutely unbelievable how many buyers are interested in Sylmar homes. Last weekend I was at an open house for the beautiful new Mountain View Trails Equestrian Estates on DeGarmo Street that my Century 21 All Moves office is marketing, and there were so many buyer prospects that we just couldn’t talk to them all.
We’ve also been seeing a lot of multiple offers on properties in all price ranges for just about any home in Sylmar. So be aware that there is big competition in making offers on Sylmar real estate, especially REOs and even short sales. For example, last week one of my clients had me write an offer for them on a lovely house in Rancho Cascades. There was a call from the seller for “highest, best” offers. We learned later that there had been 18 offers, and nine that topped my clients’ maximum dollar amount. Sigh.
So, one strategy for buyers to consider is to make offers on homes with asking prices well below their bank-approved loan amount in order to play the bidding game that banks are currently controlling. Otherwise it may be a long time to get the house of your dreams.
If you have questions about any Sylmar real estate transaction, or need help with buying or selling a home in the San Fernando or Santa Clarita Valleys, please call me at 818-970-1286 and I will be honored to assist you.