A Slowdown… But not reversal. Why this is different than 2007

So Things are slower this summer, but what does that mean? It doesn’t mean the sky is falling.

The Median household income is about 10% higher today than it was in 2007 and interest rates are about 1.75% lower than they were in 2007. So, let’s look at 2007 and compare that to 2018.

2007

you could buy a median priced house for $611,913 with a 6.34% interest rate. With taxes and insurance, you had a payment of $3780.24. The median income was $75,064.00 in 2007. This house would rent for $2000.00 in 2007. You would pay principal down by $460.00 per month on the above loan! The Federal Tax Bracket was 25% for the median Income at that time.

2018

If you buy the same house for $685,242.00 with a 4.75% interest rate then you would have a payment of $3673.43. Today the Median Income is about $82,600.00. This house will rent for $3200.00 today! This loan will pay off $700.00 in Principal and your Federal Tax brackets are currently at 22%.
So, we can all agree that we are not yet at the top of the market, but we are getting closer. – Mike Meena, Augusta Financial
The 90’s housing bust came from big military and engineering contractors (Lockheed, McDonald Douglas, Hughes) leaving the state as  were big time employers in Southern California and they all downsized in the early 90’s.
The 2007 mortgage meltdown was caused when the big banks offered products that were crazy and everyone and their brother could buy and then everything got taken off the shelf.

So, what does that mean for today?

If the market drops, 10% and rates stay the same an investor could pick up that property, rent it, and increase rents annually making a handsome profit (4% on their investment + appreciation of 3% would give them about a 16% Return on Investment.)
Even if they pay cash, they would make 5% + appreciation on their money (so 8-9%)!
Investors are still out there but the numbers are not making as much sense today as they did a year or two ago. Also, many investors have their money in properties this time. Big time investors like Blackstone Investments who profited off the last downturn are itching to buy more.
They pick and choose what they want to invest in and real estate may just be a portion of what they invest in. I personally am involved in all kinds of stuff like businesses, stocks, real estate, mortgage notes, flips, and development projects. This is still a good market to buy in and even though the prices seem high and I could still see another 20% increase before we flatten out or drop. Wages and interest rates will help guide this ship, and we are all just passengers.
Call our office and speak with one of our professionals 661.220.5506 and get going with GATELY!

We Are Not Heading Toward Another Housing Bubble

With home prices continuing to appreciate above historic levels, some are concerned that we may be heading for another housing ‘boom & bust.’ It is important to remember, however, that today’s market is quite different than the bubble market of twelve years ago.

Here are four key metrics that will explain why:

    1. Home Prices
    2. Mortgage Standards
    3. Foreclosure Rates
    4. Housing Affordability

1. HOME PRICES

There is no doubt that home prices have reached 2006 levels in many markets across the country. However, after more than a decade, home prices should be much higher based on inflation alone.

Last week, CoreLogic reported that,

“The inflation-adjusted U.S. median sale price in June 2006 was $247,110 (or $199,899 in 2006 dollars), compared with $213,400 in March 2018.” (This is the latest data available.)

2. MORTGAGE STANDARDS

Many are concerned that lending institutions are again easing standards to a level that helped create the last housing bubble. However, there is proof that today’s standards are nowhere near as lenient as they were leading up to the crash.

The Urban Institute‘s Housing Finance Policy Center issues a monthly index which,

“…measures the percentage of home purchase loans that are likely to default—that is, go unpaid for more than 90 days past their due date. A lower HCAI indicates that lenders are unwilling to tolerate defaults and are imposing tighter lending standards, making it harder to get a loan. A higher HCAI indicates that lenders are willing to tolerate defaults and are taking more risks, making it easier to get a loan.”

Their July Housing Credit Availability Index revealed:

“Significant space remains to safely expand the credit box. If the current default risk was doubled across all channels, risk would still be well within the pre-crisis standard of 12.5 percent from 2001 to 2003 for the whole mortgage market.”

3. FORECLOSURE RATES

A major cause of the housing crash last decade was the number of foreclosures that hit the market. They not only increased the supply of homes for sale but were also being sold at 20-50% discounts. Foreclosures helped drive down all home values.

Today, foreclosure numbers are lower than they were before the housing boom. Here are the number of consumers with new foreclosures according to the Federal Reserve’s most recent Household Debt and Credit Report:

  • 2003: 203,320 (earliest reported numbers)
  • 2009: 566,180 (at the valley of the crash)
  • Today: 76,480

Foreclosures today are less than 40% of what they were in 2003.

4. HOUSING AFFORDABILITY

Contrary to many headlines, home affordability is better now than it was prior to the last housing boom. In the same article referenced in #1, CoreLogic revealed that in the vast majority of markets, “the inflation-adjusted, principal-and-interest mortgage payments that homebuyers have committed to this year remain much lower than their pre-crisis peaks.”

They went on to explain:

“The main reason the typical mortgage payment remains well below record levels in most of the country is that the average mortgage rate back in June 2006, when the U.S. typical mortgage payment peaked, was about 6.7 percent, compared with an average mortgage rate of about 4.4 percent in March 2018.”

The “price” of a home may be higher, but the “cost” is still below historic norms.

Bottom Line

After using these four key housing metrics to compare today to last decade, we can see that the current market is not anything like that bubble market. Are we seeing a correction. Yes, but a bubble? Doesn’t appear to be one. Call our offices and speak with one of our Real Estate professionals to get the latest information. Call 661.220.5506 and get going with GATELY!

Higher Home Prices Dash Demand

Across the United States, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a highly competitive summer real estate market.

According to the National Association of Realtors (NAR), the inventory of homes for sale “has fallen year-over-year for 36 consecutive months,” and now stands at a 4.1-month supply. A 6-month supply of inventory is necessary for a balanced market and has not been seen since August of 2012.

Lack of inventory hurting sales

NAR’s Chief Economist Lawrence Yun had this to say,

“Inventory coming onto the market during this year’s spring buying season – as evidenced again by last month’s weak reading – was not even close to being enough to satisfy demand.

That is why home prices keep outpacing incomes and listings are going under contract in less than a month – and much faster – in many parts of the country.”

Is There Any Relief Coming?

According to the CoreLogic’s 2018 Consumer Housing Sentiment Study, four times as many renters are considering buying homes in the next 12 months than homeowners who are planning to sell, “which is the crux of the available housing-supply imbalance.”

Demand for Homes to Buy Continues to Climb | Keeping Current Matters

As more and more renters realize the benefits of homeownership, the demand for housing will continue to rise.

Do homeowners realize demand is so high? With home prices rising across the country, homeowners gained over a trillion dollars in equity over the last 12 months, with the average homeowner gaining over $16,000!

The map below shows the breakdown by state:

Demand for Homes to Buy Continues to Climb | Keeping Current Matters

Many homeowners who have not thought about listing their homes may not even realize how much equity they have gained, or the opportunity available to them in today’s market!

Bottom Line

If you are one of the many homeowners across the country who hasn’t quite found their forever home, now may be a great time to list your house for sale and find your dream home! Call our of office 661.220.5506 and get going with GATELY!

5 Reasons You Shouldn’t FSBO

For Sale By Owner Sign

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. Exposure to Prospective Buyers

According to the 2017 Profile of Home Buyers and Sellers from NAR, last year 95% of buyers search online for a home. That is in comparison to only 15% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

2. Results Come from the Internet

Where did buyers find the home they actually purchased?

  • 49% on the internet
  • 31% from a Real Estate Agent
  • 7% from a yard sign
  • 1% from newspapers

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

3. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale by Owner:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The appraiser if there is a question of value

4. FSBOing Has Become More And More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.

5. You Net More Money When Using an Agent

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.

A study by Collateral Analytics revealed that FSBOs don’t actually save anything, and in some cases, may be costing themselves more, by not listing with an agent. One of the main reasons for the price difference at the time of sale is:

“Properties listed with a broker that is a member of the local MLS will be listed online with all other participating broker websites, marketing the home to a much larger buyer population. And those MLS properties generally offer compensation to agents who represent buyers, incentivizing them to show and sell the property and again potentially enlarging the buyer pool.”

If more buyers see a home, the greater the chances are that there could be a bidding war for the property. The study showed that the difference in price between comparable homes of size and location is currently at an average of 6% this year.

Why would you choose to list on your own and manage the entire transaction when you can hire an agent and not have to pay anything more?

Bottom Line

Before you decide to take on the challenges of selling your house on your own, sit with one of our professionals and see what they have to offer. Call 661.220.5506 and get going with GATELY!

10 Things You Must Fix Before Selling Your Home

Home Repairs

Are you trying to sell your house this spring? Now’s a great time to fix odds and ends around the home. There are always a few things around the house that you can live with that buyers can’t and WON’T! And that could make your house harder to sell. Find out what the 10 worst offenders are now!

1. Lights that don’t operate or switches with mystery functions.

​If there’s a switch, it should do something. There should be a working light bulb so that people can see it in action–and for goodness sake, the switch should not come with any warning labels! (See picture). Don’t leave any questions about the integrity of your electrical system and make sure all fixtures work properly and safely.

2. Things that wiggle, shimmy, shake or teeter.

While you may know where to grab the basement handrail so it doesn’t wiggle, buyers won’t and inspectors will be sure to notice and list the item in the report. So walk through the house as if you are a buyer, note any items that need securing and fix them right away. (You might even enlist the help of a friend since it will likely be hard to find these things that you are so used to).

3. Anything that takes “magic” to operate.

If there is an item in your home that requires a “magic touch” to properly operate, chances are it’s something that should be on your list of necessary repairs. People who walk through your home will expect every item to work the way it’s supposed to–without jiggling, banging, jerking, or secret combinations of lifting, turning and shoving. (This includes stuck windows and doors).

4. Sinks or showers that don’t drain efficiently.

We get used to sinks or showers that don’t drain well, but this is a symptom of an issue. It’s time to remove the stopper, remove clogs, and if necessary, snake drains. Buyers will appreciate it, and you’ll probably realize how much nicer your bathroom functions (and wish you’d fixed the issue years ago).

5. Leaks, drips, or water stains.

Buyers don’t want to see any little brown spots, no matter how small or old the stains are. If you have water anywhere where it shouldn’t be, it’s time to take care of it and repair the damage it left behind.

6. Loss of pressure in the shower.

Do you have low pressure in your shower or do you lose pressure if anyone else in your house so much as thinks about using another fixture? This may seem like a minor nuisance, but your buyers probably won’t think so. Start by checking for a clogged shower head or a shower shut-off valve that has been inadvertently knocked partially closed. If that doesn’t work, have a plumber evaluate the system to determine what and where the problems are.

7. Moist or musty basements.

​The first thing buyers think when they smell a musty basement is water problems. So take an assessment of your basement: why does it smell musty? Do you need a dehumidifier? Do your walls need to be sealed? Is a basement professional necessary for water penetration issues? It’s better to address this now, rather than later. A musty smell is something that could instantly turn-off potential buyers.

8. Fireplaces that don’t work.

It’s a great idea to make sure that your fireplace is in tip-top shape when you are selling. Fireplaces are features that draw buyers, but they can also bring worry if there is any uncertainty about its condition, especially for a buyer who has never had one before. If it’s functional and recently serviced or clean, that’s one less thing the buyer has to worry about–and just think how nice winter showings can be with the fireplace going in the background.

9. Uneven walks.

Can you say tripping hazard? Now can you say it five times fast while a stranger walks up your path for the first time with a baby in her arms? Are you wincing? Anyone visiting your house should be able to safely navigate your walkways without risking bodily harm. So if that’s not the case at your place, fix it, and fix it fast–you’re about to have a lot of foot traffic!

10. Toilets that run or need special instructions to flush properly.

One thing MANY of us get used to over the years is our quirky toilets. I’m sure all of us have been to someone’s home and witnessed first-hand a toilet that doesn’t operate as expected–or you are laughing to yourself right now because you have one of these trick toilets. Toilets are a great invention, but they’re also pretty simple–one of the easiest items around the home to fix.

So address any issues right away so they don’t end up being another question on the mind of a buyer.

And when you’re ready to sell your home call 661.220.5506 and get going with GATELY!

The right way to downsize your home

Small house and Paris skyline

Whether you’re motivated by financial benefits or lifestyle perks, moving to a smaller space can be a smart idea with lasting benefits. Ready to start this daunting but exciting task? Here are some tips to help you seamlessly and successfully downsize your home:

Start early. While it’s not always possible, you’ll fare better if you give yourself ample time to make the transition. Plan to allow at least three months to downsize; that’s long enough to sort through your possessions and manage all the details of a move..

Take inventory. It’s not easy, but giving all your belongings an honest assessment will ensure that you only keep items that really matter. Ask yourself: If your possessions were lost in a fire, what would you actually replace? Outlived items tend to get stored in the basement, attic or garage, so it’s wise to start the decluttering process there.

Make a plan. As you sort, begin grouping items that don’t make the cut: Will they go to family, friends or charities? Another option is to sell them online or at a consignment shop. Before you bring the “keepers” to your new space, make a simple floor plan with measurements and assign each item a spot to make sure everything fits.

Live creatively. You’ll live large in your new small space if you follow some basic decorating and storage tips:

  • Hang mirrors.
  • Use double-duty furniture (like a storage ottoman or a bed frame with drawers).
  • Consider tall bookcases.
  • Utilize hooks and shelves to maximize your vertical spaces.

Downsizing is going to be a big change, but a good attitude and some careful planning can help make sure your new space is a good fit.

Thinking about downsizing? Give our office a call 661.220.5506 and get going with GATELY!

Selling Your House on Your Own Could Cost You

money and little house

In this extremely hot real estate market, some homeowners might consider selling their homes on their own which is known as a For Sale by Owner (FSBO). They rationalize that they don’t need a real estate agent and believe that they can save the fee for the services a real estate agent offers.

However, a study by Collateral Analytics reveals that FSBOs don’t actually save anything, and in some cases may be costing themselves more, by not listing with an agent.

In the study, they analyzed home sales in a variety of markets. The data showed that:

“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.” (emphasis added)

Why would FSBOs net less money than if they had used an agent?

The study makes several suggestions:

  • “There could be systematic bias on the buyer side as well. FSBO sales might attract more strategic buyers than MLS sales, particularly buyers who rationalize lower-priced bids with the logic that the seller is “saving” a traditional commission. Such buyers might specifically search for and target sellers who are not getting representational assistance from agents.” In other words, ‘bargain lookers’ might shop FSBOs more often.
  • “Experienced agents are experts at ‘staging’ homes for sale” which could bring more money for the home.
  • “Properties listed with a broker that is a member of the local MLS will be listed online with all other participating broker websites, marketing the home to a much larger buyer population. And those MLS properties generally offer compensation to agents who represent buyers, incentivizing them to show and sell the property and again potentially enlarging the buyer pool.” If more buyers see a home, the greater the chances are that there could be a bidding war for the property.

Conclusions from the study:

  1. FSBOs achieve prices significantly lower than those from similar properties sold by Realtors using the MLS.
  2. The data suggests the average price was near 6% lower for FSBO sales of similar properties.

Bottom Line

As Dave Ramsey, America’s trusted voice on money, explains:

“Research has shown that, between mistakes, lack of negotiating skills, pricing errors and general exposure on the market, you’ll cost yourself more than the real estate commission…You’ll come out slightly better and with a lot less hassle if you use a top-shelf agent.”

Hire a pro. Call our office 661.220.5506 for a free value estimate or free staging advice. Get Going With GATELY

Top 5 Landscaping Tips to Increase Property Value

Landscaping is one of the most important ways to increase your property’s value quickly. In fact, a gorgeous landscape design can increase the value of your home by at least 5 to 11 percent—and maybe more. The best part about landscaping is that even though it’s one of the most valuable home improvements you can make, it’s also one of the easiest. If you’re wondering how to turn your landscape into one of your home’s most valuable assets, here are some tips to get you started.

1. Match Landscape to Your Home’s Style

The best way to get an excellent return on investment with landscaping is to make sure it fits with your home’s style. For instance, if you own a Victorian home, a Japanese garden will be sorely out of place and may even lower your home’s value rather than add to it. In this instance, you’re much better off with a country or cottage-style landscape that blends in with the old-fashioned formality of your home.

The same holds true for more modern home styles, such as the prairie or industrial style. If your home falls into one of these categories, you’ll want to stay away from square, formal gardens or a profusion of airy blooms. Instead, create a more modern landscape by relying on plenty of greenery and natural-looking beds that fit the contours of your property.

2. Design With a Strategy in Mind

You’ll need to have a good strategy. That means you shouldn’t clutter the entire yard with various high-maintenance plantings, but you also shouldn’t have plain grass with no landscaping. A study by the Virginia Tech Department of Horticulture found that a good foundation planting along with a couple of well-designed points of interest can increase your home’s value by up to 42 percent.

By that same token, you should encourage diversity among your plantings without taking it too far. The ideal landscape has a good mixture of shrubs and perennials, but it doesn’t have one of every kind of plant that you can find at the garden center. Instead, it has a uniform look with just enough diversity to make it interesting, but not so little that it becomes boring.

3. Achieve Seasonal Balance

A profusion of spring blooms won’t interest potential buyers who look at your home during other parts of the year. Think about ways to make your landscape attractive all year — blooming bulbs for spring, annual beds around the house during the summer, shrubs with brightly colored leaves in the fall, and evergreens for the winter. Even though most buyers will be looking at your home during one season, they’ll notice the balance you’ve created and they’ll think about how beautiful the home will be as the seasons change.

Related Link: Fix your curb appeal

4. Plant Trees

A few simple trees can make an enormous difference to the sale price of your home. In one study, simply living on a tree-lined street added between 10 to 15 percent to the sale price compared to neighborhoods with fewer trees. So why are trees worth so much? Trees remove carbon dioxide and pollution from the air, so people view them as an eco-friendly option. The shade helps keep neighborhoods and homes cooler and more pleasant, which in turn cuts air conditioning costs. Trees are also a stress reliever — people enjoy relaxing in their shade or gazing at the leafy view.

5. Edge Your Lawn

Few things look nicer than a healthy, vibrant, carefully maintained lawn — except for a lawn that is all of those things and neatly edged. The confined look of an edged lawn gives it an easy-to-maintain look. In other words, no weed whipping or weeding required.

Edging along driveways, sidewalks and garden beds also shows prospective buyers how meticulous you have been concerning the property’s upkeep. They’ll know that if you’re willing to keep the edges of your yard looking nice, the rest of the property is likely in pristine condition, too.

Of all improvements to boost home value, landscape is one that will get you the largest return on your investment.  Just make sure that you design your landscape with a plan, and don’t let that design become so complex that the mere thought of all the maintenance chases away your buyers.

Rick Ryan is the president and owner of All Valley Landscaping. Rick is a certified expert in the construction industry, with more than 21 years of experience in landscape renovations, yard renovations and exterior home, tree trimming and removal services and sprinkler repair and installations.

Issues Facing Today’s Real Estate Market

Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners. 

The Counselors of Real Estate (CRE) “is an international organization of high profile property professionals which include principals of prominent real estate, financial, legal, and accounting firms as well as recognized leaders of government and academia.” 

Their annual “top 10” list spans any and all issues that could have an impact on the real estate market. This year, the list was broken up into “Current” and “Long-Term Issues.”

Today we’re going to focus on three of the five “Current” issues with a brief explanation of their impacts on the housing market today!

E-Commerce & Logistics

With promises of 2-day shipping no matter where you live, we are benefiting more now than ever before from the speed and ease-of-use of online retailers like Amazon. These e-retailers haven’t changed whether or not we buy certain items, but rather HOW we buy them!

Many traditional malls or big-box stores are being repurposed as warehouses or distribution centers for online retailers so that they can get their products out faster.

A Look to the Future: “Developers who are including experiences into their locations are the ones who will succeed. It’s about the experience and gaining something over just going to buy a product.”

Generational Change & Demographics

By now we’ve all heard that the millennial generation is the largest yet, just by sheer volume. The largest group of millennials turns 30 years-old in 2020. The average first-time homebuying age is between 30 and 32, depending on marital status. Real estate professionals will be inundated with more and more buyers as the years roll on. Nahas commented on this in his presentation, saying that,

“Too many developers have become dependent on making decisions based on baby boomer’s preferences.

The 75 million millennials are coming, and they will influence real estate and commerce even faster than the baby boomers in the 50s and 60s.”

Interest Rates & the Economy

The interest rate that you secure for your mortgage is a big factor in your monthly housing cost and in how much you ultimately pay for your home. According to Freddie Mac’s Primary Mortgage Market Survey, rates rose to 4.62% on a 30-year fixed rate loan last week.

The Federal Reserve also raised the federal funds rate for the second time this year. If unemployment continues to be at or near record lows, two more hikes are likely to come later this year.

Nahas added,

“Rising rates can be good and bad for the economy. Bad for borrowing money with additional costs, but good to control inflation and help grow the economy at a moderate pace.”

Bottom Line

If you are planning on buying and/or selling a home this year, call one of our real estate professional who can help you navigate the conditions in your market and set you up for success. Call 661.220.5506 and get going with GATELY!

Don’t Wait to Sell Your House! Buyers Are Out Now

Pocket Watch

Recently released data from the National Association of Realtors (NAR) suggests that a now is a great time to sell your home. May is considered the best time to sell, but June is also good. The reason is because people move when schools are out. Getting your home on me market before others means capturing the buyer before the competition can.

The concept of ‘supply & demand‘ reveals that the best price for an item is realized when the supply of that item is low and the demand for that item is high. It’s basic Econ 101. The price point is set by the market. The higher the demand and the lower the availability of supply means that the price point is high.

Let’s see how this applies to the current residential real estate market.

SUPPLY

It is no secret that the supply of homes for sale has been far below the number needed to sustain a normal market for over a year at this point. A normal market requires six months of housing inventory to meet the demand. The latest report from NAR revealed that there is currently only a 3.6-month supply of houses on the market. Supply is currently very low! Currently this low supply is expected to last into 2020. Some think that it may last longer than that due to creeping regulations that are worrying to builders and buyers alike.

DEMAND

A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report (which sheds light on the number of buyers who are actually out looking at homes) disclosed that “foot traffic grew 10.5 points to 52.4 in March as the new season approaches.” Demand is currently very high! 

Demand isn’t slowing down. As we gain more jobs back into the work environment and wages begin to rise there is more available money for buyers to buy. However, the cost to finance as mortgage interest rates rise could put a cooling effect on demand. Will it reverse demand? No! We are adding more people to the Southern California area each year. Over 82,000 more people were living in Los Angeles, Orange, Riverside and San Bernardino counties in 2017 than 2016, according to new data released by the U.S. Census Bureau.

Bottom Line

Waiting to sell will only increase the competition between you and all of the other sellers putting their houses on the market later this summer. If you are debating whether or not to list your home, call our office and speak with one of our real estate professionals who can explain the conditions in your market. Call 661.220.5506 and get going with GATELY!

About GATELY Propeties

Specializing in residential resale and new construction of North Los Angeles County (Antelope Valley, Santa Clarita Valley, and San Fernando Valley). GATELY Properties is dedicated to helping you make the best financial and lifestyle choice for your situation. If it is cashing out, upgrading, downgrading, or even relocating we're here to help. Gately Properties was founded on the premise of building a Boutique Real Estate Office that focused on the client and community. Gately Properties helps strengthen the community where they we work and practice real estate because by combining real estate professionals and local neighborhood experience with up-to-the-minute real estate resources we deliver the results home buyers and sellers need today.

Hours & Info

21136 Alaminos Dr.
Santa Clarita, CA 91350
661-220-5506
No Walk-ins
M-Fri: 9am - 5pm
Sat - Sun: Appt Only


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We only ask for personal or private information like names, email addresses to help maintain contact with our clients and better serve their needs.

Do we use 'cookies'?

Yes. Cookies are small files that a site or its service provider transfers to your computer's hard drive through your Web browser (if you allow) that enables the site's or service provider's systems to recognize your browser and capture and remember certain information. For instance, we use cookies to help us remember and process the items in your shopping cart. They are also used to help us understand your preferences based on previous or current site activity, which enables us to provide you with improved services. We also use cookies to help us compile aggregate data about site traffic and site interaction so that we can offer better site experiences and tools in the future.

We use cookies to:
• Understand and save user's preferences for future visits.
• Keep track of advertisements.

You can choose to have your computer warn you each time a cookie is being sent, or you can choose to turn off all cookies. You do this through your browser settings. Since browser is a little different, look at your browser's Help Menu to learn the correct way to modify your cookies.

If users disable cookies in their browser:

If you turn cookies off, some features will be disabled. Some of the features that make your site experience more efficient and may not function properly.

However, you will still be able Save Searches by contacting customer service.

Third-party disclosure

We do not sell, trade, or otherwise transfer to outside parties your Personally Identifiable Information unless we provide users with advance notice. This does not include website hosting partners and other parties who assist us in operating our website, conducting our business, or serving our users, so long as those parties agree to keep this information confidential. We may also release information when it's release is appropriate to comply with the law, enforce our site policies, or protect ours or others' rights, property or safety.

However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.

Third-party links

Occasionally, at our discretion, we may include or offer third-party products or services on our website. These third-party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our site and welcome any feedback about these sites.

Google

Google's advertising requirements can be summed up by Google's Advertising Principles. They are put in place to provide a positive experience for users. https://support.google.com/adwordspolicy/answer/1316548?hl=en

We have not enabled Google AdSense on our site but we may do so in the future.

California Online Privacy Protection Act

CalOPPA is the first state law in the nation to require commercial websites and online services to post a privacy policy. The law's reach stretches well beyond California to require any person or company in the United States (and conceivably the world) that operates websites collecting Personally Identifiable Information from California consumers to post a conspicuous privacy policy on its website stating exactly the information being collected and those individuals or companies with whom it is being shared. - See more at: http://consumercal.org/california-online-privacy-protection-act-caloppa/#sthash.0FdRbT51.dpuf

According to CalOPPA, we agree to the following:
Users can visit our site anonymously.
Once this privacy policy is created, we will add a link to it on our home page or as a minimum, on the first significant page after entering our website.
Our Privacy Policy link includes the word 'Privacy' and can easily be found on the page specified above.

You will be notified of any Privacy Policy changes:
• On our Privacy Policy Page
Can change your personal information:
• By emailing us
• By logging in to your account

How does our site handle Do Not Track signals?
We honor Do Not Track signals and Do Not Track, plant cookies, or use advertising when a Do Not Track (DNT) browser mechanism is in place.

Does our site allow third-party behavioral tracking?
It's also important to note that we do not allow third-party behavioral tracking

COPPA (Children Online Privacy Protection Act)

When it comes to the collection of personal information from children under the age of 13 years old, the Children's Online Privacy Protection Act (COPPA) puts parents in control. The Federal Trade Commission, United States' consumer protection agency, enforces the COPPA Rule, which spells out what operators of websites and online services must do to protect children's privacy and safety online.

We do not specifically market to children under the age of 13 years old.

Fair Information Practices

The Fair Information Practices Principles form the backbone of privacy law in the United States and the concepts they include have played a significant role in the development of data protection laws around the globe. Understanding the Fair Information Practice Principles and how they should be implemented is critical to comply with the various privacy laws that protect personal information.

In order to be in line with Fair Information Practices we will take the following responsive action, should a data breach occur:
We will notify you via email
• Within 7 business days

We also agree to the Individual Redress Principle which requires that individuals have the right to legally pursue enforceable rights against data collectors and processors who fail to adhere to the law. This principle requires not only that individuals have enforceable rights against data users, but also that individuals have recourse to courts or government agencies to investigate and/or prosecute non-compliance by data processors.

CAN SPAM Act

The CAN-SPAM Act is a law that sets the rules for commercial email, establishes requirements for commercial messages, gives recipients the right to have emails stopped from being sent to them, and spells out tough penalties for violations.

We collect your email address in order to:
• Send information, respond to inquiries, and/or other requests or questions
• Process orders and to send information and updates pertaining to orders.
• Send you additional information related to your product and/or service
• Market to our mailing list or continue to send emails to our clients after the original transaction has occurred.

To be in accordance with CANSPAM, we agree to the following:
• Not use false or misleading subjects or email addresses.
• Identify the message as an advertisement in some reasonable way.
• Include the physical address of our business or site headquarters.
• Monitor third-party email marketing services for compliance, if one is used.
• Honor opt-out/unsubscribe requests quickly.
• Allow users to unsubscribe by using the link at the bottom of each email.

If at any time you would like to unsubscribe from receiving future emails, you can email us at
• Follow the instructions at the bottom of each email.
and we will promptly remove you from ALL correspondence.

Contacting Us

If there are any questions regarding this privacy policy, you may contact us using the information below.

GATELYProperties
28103 Vista View Dr.
Santa Clarita, CA 91351
USA
[email protected]

Last Edited on 2017-01-30