Spring has Sprung!
The Poppies are up but the inventory on homes for sale is down. At the writing of this newsletter (3-28-2023), homes for sale in The Greater Antelope Valley Association of Realtors (GAVAR) are only at 600. To give you perspective on how low this is, we had 1,137 homes for sale on November 17th of 2022. This is close to a 50% decrease of inventory in only about four months. Even with the volatility in interest rates, I think that home prices in the Antelope Valley will be on the rise. Watch for competing offers on well-priced homes. As we know, when there are multiple offers and low inventory, the law of supply and demand kicks in and prices will go up.
2 Top Tips for Today: One for Home Sellers and one for Home Buyers.
Home Sellers: You will keep more money when your home is neat and clean/move-in ready. Freshen up paint and flooring. This may sound like a lot of work and money but, in reality, you will keep more of your money at the close of escrow if (at least) the flooring and paint are new/newer.
Home Buyers: Make sure to get pre-Approved by a reputable lender (preferably a mortgage Banker). Check with your lender on what exactly they need from you to get your pre-approval. Usually… Personal ID, Social Security Number, Pay Stubs, Bank Statements, Tax returns, Investments, Monthly debts and any other income. This is a good start so ask your lender what they want/need. We have a few good lenders for you to choose from (if you like) feel free to call us.
Five Fun and or Interesting Facts for April 2023:
1st April 1st is April Fools’ Day (Duh!)
2nd The first Webster Dictionary was copyrighted on April 14,1828
3rd The Titanic sank on April 15, 1912
4th Apollo 13 was launched on April 11, 1970
5th Easter Sunday is April 9th .
If you have any questions regarding this or any other matter, feel free to call, text or email me and I’ll be happy to answer and help. And, if you know of anyone that is thinking about selling their home (or buying/or both) please let me know and I will take EXCELLENT care of them.
Ron Hier 661-406-1562