In Spite Of The Coronavirus Pandemic, The Real Estate Business Has Been Flourishing

At Phil Nordella and Associates in the Santa Clarita Valley, we strive to give our sellers the best possible price for their homes and assist buyers in finding their perfect home.

In spite of the coronavirus pandemic, the Real Estate business has been flourishing. Many of our sellers are receiving $150,000 over the asking price because interest rates are extremely low. Our sellers are also receiving 20 to 30 offers on their property. This is fantastic for our sellers because they are making more and more money.

Unfortunately, this means it is more difficult for buyers without a substantial amount of money saved up. If a buyer is interested and can pay the asking price, there are most likely going to be many other offers over the asking price.

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While it can be difficult, we are still dedicated to finding our buyers their dream home. We will work long and hard to find you a home for a price you can afford.

As a buyer, it is important that you have enough money in the bank to cover the difference of your offer versus the asking price. A lender will require the difference of the listed price and offered price to be paid for in cash, if ten percent is going to be put down. This is because the lender wants to make sure you actually have enough money in the bank before letting you purchase the property.

The average asking price when Phil Nordella began selling Real Estate 28 years ago in Santa Clarita was $275,000. This has increased to over $700,000 in the Santa Clarita Valley. Nordella currently has listings in Valencia, Stevenson Ranch, Saugus, Newhall, Castaic, Canyon Country, Acton and Agua Dulce.

Interested in more information?, Contact Phil Nordella today, visit: