Are There Any Homes Left in Porter Ranch?

Looking to buy a home? Get a Full Home Search   

Looking to sell your home?  Free Home Price Evaluation

It's hard to believe that we're almost at the end of May already. So far this year the Porter Ranch market has gone up in value and inventory remains very low. It's low all over Southern California. In 91236, only 76 homes are for sale out of 11,209 single-family units! Low inventory and low rates - hovering around 3.625% - are fueling the market. In open houses, we're seeing big groups come through, across the board in all price ranges.

“

The Porter Ranch market has gone up in value.

”

One thing we're seeing is that sales are down 15% to 25% in certain neighborhoods. A lot of it has to do with the fact that not many people are actually selling. Through April though, the amount of closed escrow is almost identical to 2015. We've only got 1.5 months of inventory available right now. A healthy market would have four or five months. We don't expect much of a change this summer.

Please give us a call with any real estate questions! We'd love to work with you. 

Helping this First-Time Buyer Move into the Perfect Home

“This first-time buyer was out looking around in the neighborhood on her own, but she was struggling to find a good home for a decent price. Finally, she researched the best agents in the area and she ended up choosing my team. From there, her home search took a turn for the better.

She was impressed by my knowledge of the neighborhood, as well as how I was able to walk her through the transaction step-by-step. It's always fun helping a family buy their first home, and I think this family will be very happy for years to come!” - Scott

Why to Get a Termite Report Early in Porter Ranch

Looking to buy a home? Get a Full Home Search   

Looking to sell your home?  Free Home Price Evaluation

If you’re thinking about listing your Porter Ranch home, you should get a termite inspection, and you should do it before you even list. Most sellers wait until after they’ve sold their home to get this inspection, and more often than not, sellers are sorry they didn't do it earlier.

“

You should get a termite inspection before you list

”

There are three main reasons why:

1. You need to know exactly where you stand before negotiating the sale price. If you wait until your home is in escrow to get the inspection and find out your home needs thousands of dollars in treatments and repairs, it’s really too late to go back to the bargaining table and ask for a higher price to cover the cost. If there’s nothing wrong, you have nothing to worry about.
2. Getting stuck with a rotten wood patio or deck. With the inspection done ahead of time, you’ll know whether or not they need to be replaced. If they’re shot, you can then decide whether to replace or scrap it. In fact, most wooden decks and patios add little to no value to your home. Quite often they are shrugged off as unimportant until it’s too late and the buyer insists that a new one is built.
3. It should be done before painting or replacing your roof. It’s a shame to spend the money upgrading your curb appeal with paint or a new roof only to find out that you’re going to have to spend thousands more dollars to correct termite damage, fungus or dry rot - especially considering a termite report costs less than $100.

If you have any questions about termite reports and inspections or any other real estate questions, give us a call or send us an email! Thanks again for watching our video blog.