Edward Kenzer, Realtor Palmdale, CA

With the multiple offer atmosphere in the current Antelope Valley real estate market, buyers do not have a second chance on their offers. In the past a buyer could say, ” Let’s offer this amount and see if they make a counteroffer and go from there.” Not so today. If a⋯⋯

The first-time homebuyer in the Antelope Valley has faced a competitive wall recently when trying to purchase lower end homes, let’s say less than $100,000 in price. ⋯⋯

The short sale numbers in the Antelope Valley are getting better; but they still aren’t very good. Because of the shortage of inventory in the Palmdale/Lancaster, CA area, prospective homebuyers are reluctantly making offers on short sales in their quest to become homeowners. ⋯⋯

Raise the fees at the animal shelters. Then more people can afford to adopt a pet. That’s what Los Angeles County believes, so that’s what’s been done. From time to time I need to write about issues of the Antelope Valley that aren’t directly related to real estate. As a m⋯⋯

HUD homes may be making a comeback in Palmdale and the rest of the Antelope Valley. They were an important part of the real estate market in the 1990’s. ⋯⋯

In today’s multiple offer real estate market in the Antelope Valley there are at least three very important principles to follow if you’re in the market to purchase a home. Fi⋯⋯

It’s a great time to purchase a home in the Antelope Valley. But it’s not an easy time to buy. And when it becomes an easy time to buy, it may no longer be a great time to purchase. How is this so? It’s a great time to buy because interest rates are historically low, in the mid- 5% range. That⋯⋯

Are banks hoarding foreclosed properties before putting them on the market? As of today there are only about 750 homes advertised as foreclosures or bank owned in the Antelope Valley. There’s about 600 marked as short sales. That leaves about 1350 homes in the local inventory. ⋯⋯

In the Antelope Valley and throughout California there is now a free mortgage protection plan available that pays your mortgage up to 6 months if you buy a home and then lose your job. I’ll give you the details shortly. But first, let’s reason the situation out. Le⋯⋯

” You can buy a fairly new foreclosed home in the Antelope Valley for $40,000 and get a low interest loan with very low payments and no money down to pay for it! ” Of course this isn’t true; but apparently that’s the rumor. I have⋯⋯

Where have all the REO’s gone? It wasn’t too long ago that I was telling people that there were about 4800 homes for sale in the Antelope Valley and that about 70% of them were foreclosures. I guess we’ve had a couple of busy months here in the Palmdale/Lancaster area. Let’⋯⋯

The home auction last Wednesday night, February 25th in Palmdale, CA went very quickly as those of us attending thought it would⋯⋯

With all the foreclosed properties available in the real estate market, especially in the Palmdale and Lancaster, CA area where I live and sell real estate,  many people are turning to auctions to get themselves a great deal.⋯⋯

Lancaster, CA has some new laws on the way to note. In  recent  posts I’ve written about Palmdale, CA but haven’t said much lately about Lancaster, CA, the other main city in the Antelope Valley. Rece⋯⋯