Buying A House In Santa Clarita?

For my daily updated list of HOMES FOR SALE in Santa Clarita click on the TAB at the top of this page, entitled
HOMES FOR SALE IN SANTA CLARITA

 
Is it a good time to buy?

Buyers are still asking me that question, with some still nervous that the price of Real Estate could drop even further, with new Buyers loosing equity, even though housing prices are the lowest they've been in years!!!

What do I say to that question?  My usual answer is, "Of course it is a GREAT time to purchase property!"

With interest rates the lowest they've been in History, it is an awesome time to purchase property! (Mortgage rates hit a new low: 30-year fixed at 3.87% - February 2, 2012 Article found HERE).
But if you are a Buyer who is interested in purchasing property, just be aware that of course prices could drop lower.  I don't have a crystal ball to read the future, but consider these two questions:

If you are going to live in the property, with the current interest rates being so low, would your new mortgage note be less than what you are paying in rent?  Or, if you are going to rent the property out, will you actually make some money every month because the interest rates AND purchase prices are so low?  (read my TIPS FOR POTENTIAL LANDLORDS TO CONSIDER BEFORE PURCHASING)  It is quite possible that the answer to either of these questions is, "Yes!"  

Of course, I am not posting anything here that is brilliantly new regarding Real Estate, but with the number of First Time Home Buyers still seemingly squeamish about putting their hard earned cash into this kind of investment, I thought I would remind everyone about the historically low interest rates, along with the below Article reminding us that the purchase prices are also at the lowest in twenty years in some places!

So what is holding you back?  Give me a call to talk it over and let's see if buying your first property (or second or third) could be the right thing for you to do:

LeeAnn Bell,

REALTOR(R)
661-309-2364

DRE License #01260650

NEW YORK (CNNMoney) -- Buying a home is now more affordable than it has been in the last twenty years.
By Les Christie @CNNMoney February 17, 2012: 12:10 PM ET

Thanks to continued declines in home prices and rock-bottom mortgage rates, the National Association of Home Builders/Wells Fargo Housing Opportunity Index hit a record level of affordability.

According to the index, 75.9% of all new and existing homes sold during the three months ended Dec. 31 could have been comfortably purchased by families earning the national median income of $64,200.

That was the highest percentage recorded in the 20-year history of the index, and a sharp increase from just three months earlier when 72.9% of all homes sold were considered affordable.

(Read the full Article HERE)

For all of your Real Estate questions,  do not hesitate to call or email me:
LeeAnn Bell, 661-309-2364
LeeAnnRealtor@Yahoo.com 

Here is what just one of my clients has said about working with me:

"Thank you for your help and patience in my search for the right house.  I would not hesitate to recommend you to my friends or relatives." 

-Rachel S. 

(c) 2012 LeeAnn Bell
All Comments Welcomed