Homes For Sale Under $600,000 In Sherman Oaks, California
There are two hundred and sixty four active listings in Sherman Oaks, California right now (Nov. 2007) and 10 of them are listed under $600,000
. A few of them are well under $600,000, as low as $524,900. Not that long ago homes in Panorama city and Van Nuys were going for that price, but not homes in Sherman Oaks. There are twice as many homes on the market today as there were at this time last year.
So Where Are All The Buyers. This is the time to start looking. Low prices + high inventory = BUYER’S MARKET
While savvy buyers are out searching for properties, many are missing their opportunity, either unsure of their ability to purchase or risking that prices will drop even more if the market is glutted with foreclosures. Isn't that what the press has been saying. Even if foreclosures do start to hit the market in larger numbers, the number of bank-owned properties in the San Fernando Valley represents a small portion of our market. And, always remember, not even a bank wants to sell real estate for less than it is worth and banks can be much harder to deal with. Banks don't have to make half the disclosures that a Seller has to and the Banker handling your deal has NO knowledge of the property and could care less about you.
If you have a down payment, a decent credit score and are pre-approved by a lender then you can call the shots.
There are a close to a record number of homes on the market and Sellers are willing to negotiate. How quickly things change.
Now is the time to by a home to live in long term not a house to flip for a few quick bucks.