We’ve been hearing it now for months, and buyers in the San Fernando Valley are finally starting to understand that this golden moment, this perfect storm in real estate, is going to be here for just a short time, so they had better buy while the buying is possible. That’s why there is competition among buyers for the best priced homes in good condition in Sylmar and other areas of the San Fernando Valley.
What we have now in the San Fernando Valley to make that perfect storm is:
Availablity – Many homes are for sale, including bank owned REOs, but more non-bank owned homes are needed to help create a balanced sales market.
Low home prices – Prices are absolutely the lowest they’ve been in years in some neighborhoods.
Low interest rates – Comparatively speaking, interest rates are better than they’ve ever been for home buying: 1978 (9.75%), 1980 (18-21%), early 1990s (11-12%), 2008 (6-8%), 2009 (4-7%)
Home buyers: Don’t miss this amazing window of opportunity to buy a fabulous San Fernando Valley home at prices we may never see again. This is a perfect storm for first-home or move-up buyers.
Home sellers: If you need to sell, this is a perfect storm for you because there is demand for new inventory by eager buyers, which means your home will likely sell quickly if priced correctly.
Yours in real estate,
“Ms Jacky” Walker, REALTOR, Century 21 All Moves,
11011 Balboa Blvd., Granada Hills, CA 91344
DRE License #01124140