Recession? What recession? There is no recession in Porter Ranch, judging by the wait line for dinner at TGI Fridays last month. There apparently is no recession in Valencia, either, judging by the line at California Pizza Kitchen for late lunch two weeks ago. Or the Happy Hour participation at Chili’s in Encino last week. People were at all these locations buying and buzzing, happy to forget their troubles for a few moments.
Maybe all the eating out is just satisfying a pent up demand. Like buying a house. Right now there are multiple buyers making multiple offers on homes and getting frustrated because they can’t seem to land one. Are you one of these people? Your real estate agent is probably frustrated, too!
You’ve done everything right — gotten loan pre-approval, saved enough for your down payment and closing costs, know where you want to live, and you are working with a professional real estate agent that you like (if not, call me). Yet, you are still “homeless!”
Yes, it seems unfair. Time is ticking and you’ll miss your chance to buy at the prime pricing bottom. Just don’t despair. Have patience and keep looking.
As our local homes-for-sale inventory changes and you wait for the right house to come along, your ability to purchase may change, too. For example:
– You may be able to save up even more money for a more impressive down payment
– You may want to consider fixer-uppers that have fallen in price.
– You can also think about shopping various lenders for the best terms (just because you have your pre-approval doesn’t mean you have to stop looking).
Be tough. Don’t give up. There IS a house out there for you.
Happy Home Buying & Selling!
Ms. Jacky Walker
REALTOR® – DRE License #01124140
Century 21 All Moves
11011 Balboa Blvd.
Granada Hills, CA 91344
“Representing buyers and sellers of the San Fernando Valley lifestyle.”