International Buyers in Real Estate

Welcome back to my video blog! I came across an interesting article the other day about international buyers and their activity in the real estate market in the United States.

Did you know that international buyers spent $68.2 billion in 2012 on real estate in the United States? The average price was $275,000 and 67 percent of the transactions were cash. Twenty three percent of those transactions were from Canadian investors and 12 percent were from Chinese investors.

In 2012, the average sales price for Americans was $179,000 with 30 percent cash transactions. Five states accounted for 61 percent of those transactions: Florida, California, Texas, Arizona and New York.

So what does all this mean? Foreign investors choose to invest and buy in the United States because it is profitable and secure. Now is the time to move into a larger home, buy more properties or invest.

We can help you with that! If you have any questions, please give me a call at 818.898.2255 or send me an email rod@teamrod.com

Thanks for watching!

How to Properly Price Your Property

Hello, everyone! Thanks for visiting my real estate blog!

We have a fantastic market for sellers right now. With low inventory, multiple offer situations are the norm. Properly pricing, though, is still important.

Many sellers who overprice their home see a lack of activity and sometimes have to reduce their price. Buyers are educated and want a home in good condition with a matching price tag.

We are expecting a strong fourth quarter and if you are thinking about selling your home, I encourage you to do it now! You can get a great price with your home.

So, if you are ready to make your next real estate move or you know anyone else looking to buy or sell, please give me a call!

Thanks for watching!

Santa Clarita CA Market Update August 2013

Hello, everyone. I have with me the Time Magazine “Sky-High Housing: Buildings Up, Prices Up.” This is the magazine from September 1977, the year I started my career.

That title describes much of what is happening in our market now. We’ve had a great year and seen prices steadily increase. They're up 35 - 40%.

Interest rates have increased by about one percent in the past 90 days. It did slow the market a bit, but we are still experiencing a tremendous amount of activity.

Inventory has also consistently increased over the past few months, which gives buyers more of a selection. We are seeing some of the more desirable properties still receiving multiple offers.

If you are thinking about buying or selling, don’t wait. Interest rates may come down a little bit, but they won't drop below 4% again. If you're thinking about buying or selling a home now is the time!

Thanks for watching!