Buying vs Renting

Scarcity of rents along with high demand puts landlords in the driver’s seat. Is it time to take control of your destiny?

A recent survey from showed that property managers will hike rent prices on average by 8 percent by the end of the year. The same survey Montemayor and Associatesshows available rentals at a 20 year low, and nowhere is this fact made more prevalent by what’s available for rent in the Santa Clarita Valley.

As of the date of this article, the Southland Regional Association of Realtors Multiple Listing Service shows a total of 39 active rentals listed by real estate agents in the Santa Clarita Valley. These rentals make up available properties offered by owners that include single family homes and condominiums. It does not include privately managed or advertised properties outside the MLS.

According to the MLS reports, there are no single family homes available within the city of Santa Clarita that are under $2000. What does this mean? The answer is obvious. The number of available SCV rentals for sale is low, and prices are continually going up.  Continue reading

Yes, Spring is still in the air, but timing is everything when it comes to buyers and sellers realizing their real estate goals.

There’s been a lot of good news in the Santa Clarita real estate market lately. Not only have single family homes topped the $500,000 mark for the First time home buyer questions.first time in 8 years, but interest rates are still holding below 4 percent…establishing what we might call a “win-win” scenario for both buyers and sellers.

While we’re still smack dab in the middle of Spring, many buyers and sellers “on the fence” should take this time to consider the fact that Summer is one of the best times to buy or sell. Why?

First of all, for the most part, kids are out of school. Parents find it much easier to move in between school sessions. Also, it is the time right after tax season that many renters are reminded of the potential tax savings as homeowners. Conversely, those who have received tax refunds have cause to think about investing it in something that will give them a long term return. Continue reading

Shift in median prices and low interest rates make for great home buying opportunities in the Santa Clarita Valley.

Buying a home is a big decision…Probably one of the biggest decisions you’ll make in your lifetime. We can again go over the reasons why Now is a great time to buy a homeowning a home is one of the best investments you can make, but we know that for some of you, it’s all about timing. Here are some home buyer objections, and how we can help you overcome them.

I want to wait until prices drop.

Let’s put this in perspective. You’re purchasing not only a place to live, but you’re also making an investment; an investment that you’re hoping will rise in value and add to your overall net worth. While it’s always great to find a deal, you must consider your overall goals and reasons for buying. Are you in for the short term, or the long term? Is this your first home? If so, what is your plan for “moving up?” Do you have a timeline? What about purchasing a home for the long term? Are you planning on remaining in the home for the rest of your life?  Continue reading

Are these keeping you from owning your dream home?

1. I can’t afford the down payment. 

Many potential home buyers are driven away from making a purchase due to believing erroneous information about home loan qualification. Yes, a standard mortgage may require a 20 percent down payment, which may be out of your financial ball park. However there are many loan options with lower, or even no, money down. Your best bet is to perform your own due diligence to determine the best loan for you. Contact us about loan rates and options.

2. I don’t think I can qualify for a home loan.

First of all, have you contacted a lender to see whether or not you might qualify for a loan? Even if you think you don’t have the credit score, there are loan programs (Especially through the FHA) that take into consideration lower than “golden” credit scores. One program in particular will reward low score buyers who make strides to improve their credit over time.  Continue reading

Buyers are in a great position to finally own their own property in the Santa Clarita Valley.

1. Interest rates are still incredibly low. Overlooking Seco Canyon in Saugus. Photo copyright George D Cummings

Despite predictions to the contrary, interest rates have not “shot up” as some analysts were saying late last year. In fact, they’ve remained fairly steady, still hovering in the low 4 percent range; even lower for certain loan programs. This means that you have more purchasing power in getting the home you want. Contact us to find out more. 

2. More homes are on the market.

While buyers were able to take advantage of low interest rates last year, they found it very difficult to find a home for sale because of such limited inventory. For most of last year, there were only on average around 300 or so available homes in the entire Santa Clarita Valley. This caused some fast and furious bidding, and many buyers lost out. This year we’re seeing what may be perceived as a more “balanced” inventory, with a nearly 3 month supply on hand. A normal market will have 3 to 6 months’ worth of available homes for sale. Continue reading

We have occasionally encountered home buyers (or POTENTIAL home buyers, I should say) who do everything they are supposed to when they are planning to buy a home. They do the research, they find a home, they get all their ducks in a row, they take aim…they take aim…they take aim…

Whether it’s buyer’s remorse or fear of the unknown, many of these types of “buyers” end up kicking themselves later because they did not follow through on their actions to buy the home they always wanted. While it is understandable that this type of decision may weigh heavily on some, it is important to strike while the iron’s hot. The market is great for home buyers now, and especially when you have everything else ready to go (Loan pre-qualification, etc.), then it’s time to get going and get the home of your dreams.

We are here to guide you; to make sure you feel you are making the best decision possible. We are also compassionate to your needs and feelings should you have doubt, and are here to reassure you in any way we can. Ultimately, the decision rests on you to either purchase or pass…But again, more people have kicked themselves for NOT buying, that for making that final move and taking action.

On another note, this will be the LAST blog post under Montemayor & Associates. We are excited to bring news that we have partnered with another major top producer here in the Santa Clarita Valley, so our name will change (slightly) in future posts. More details to come!

You can always search homes, learn about how to avoid foreclosure, learn about our team and more by going to

We get a lot of questions about whether, in this current economic and real estate climate, it’s better to rent or buy a home. What we have to look at is whether rent prices are higher or lower than a monthly mortgage. Now a few years ago when the real estate market was at its peak, rents were usually lower than mortgage payments.

Times have changed as has the real estate market. Due to demand for rentals based on homeowners short selling their homes (or even walking away and allowing foreclosure to take place, something we advise against!), coupled with lower housing prices and historically low mortgage rates, in most cases it makes sense to own a home that will almost always have a lower monthly mortgage payment as opposed to renting a similar property.

A few things to consider if you’re thinking about buying a home:

  1. Purchase cost: 
    Even with “No Money Down” loans, buyers usually will still need to come up with some funds to close their home loan. Other factors include taxes, insurance, and maintenance of a home.
  2. Lost opportunity cost:
    This is something to consider if, for those who have choices in how they will invest their money, whether or not it will make more of a return in another investment opportunity aside from real estate.
  3. How long are you planning on staying in a home that you purchase:
    This is important, as return on a real estate investment is best the longer you own the property.

If you’re considering whether or not it is time to purchase a home, we’d love to provide you with a no obligation, no cost analysis of your situation to determine whether it’s the right time to buy. Go to or call us direct at 661-290-3802. We’re more than happy to answer any questions you may have. 


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Client Testimonials
I had specific needs for my new home. Brandon was very patient with my unique situation and flexible when it kept changing. He showed me so many houses, but with little inventory, none of them were quite perfect or they had too much HOA or Mello Roos. Finally when we found The One, no HOA, no Mello Roos, it had been on the market for 4 days and I made an offer that morning. I was sure the sellers would give it to someone else but Brandon worked hard to make sure they accepted my offer and by that night, the house was mine. Had it not been for Brandon I would still be searching for a house because so far, there is still nothing better than mine.
Lisa G. , Saugus
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