This one happens to take the cake because of the lacking real estate inventory. Looking back at my history working in the real estate field, and before they started keeping records, it seems that the inventory was never this constricted.
In fact, we had seen markets where buyers were in charge of all real estate dealings, where real estate listings were plentiful and where buyers were able to buy homes and real estate in the Santa Clarita Valley at a discount. Today, we have the polar opposite of that type of real estate market.
The differing trends today are those in which the home sellers are holding all of the cards Where the home sellers are responding to multiple offers with multiple counters. Where the home sellers are able to boldly state they are not going to repair anything discovered by the buyer/home inspector nor will they be giving credit.
The latest 7 homes in Westridge of Valencia which have entered escrow.
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The buyer can either accept the seller’s terms having placed their abrupt line in the sand or walk. The seller understanding that they will get a higher offer if escrow is cancelled and if they re-enter the Santa Clarita real estate market.
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