Prices in certain Santa Clarita neighborhoods are actually starting to increase, as buyers are competing for homes.The most sought-after price range is from about $300,000-$425,000, and in this price range multiple offers are becoming rather common. Buyers in this price range are finding that they'll often need to place offers on at least a few homes before they finally get an offer accepted.Is this true for all homes and all neighborhoods in the Santa Clarita area? No, definitely not. But for a well-priced home in a decent neighborhood, be prepared for some competition.If you see a home that has been sitting on the market for a while, then there's nothing to lose by placing an offer that is lower than the list price. Most banks are allowing the buyer a credit towards closing costs, especially if the buyer is using FHA financing. The list price is just a starting point for negotiations, and some banks will budge more than others on this.When you see a home that has fallen out of escrow, this could either mean that the buyers found another home they liked, couldn't qualify for their loan after all, or that there were troubles with the appraisal or inspection.Good luck, and happy house hunting!
Santa Clarita First time home buyer
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