market update

Working with Tina Hare & Associates

Working with Tina Hare & Associates allows you a significant upper hand in the rapidly changing market we are facing due to COVID-19. I’m sure many of you are worried about how to buy and sell in this market, how it will affect the value of your home(s), and what the future may hold. Luckily, Tina Hare & Associates is proud to offer you guidance and reassurance during this difficult time.

Are homes still selling? This is one of the most frequently asked questions we are receiving right now. The simple answer is, YES. We have had multiple homes sell with multiple offers and some above list price! While not as many homes are years prior may be selling, the market is still strong and stable across price variations. If you have a specific question about your home or situation we would be happy to discuss the details with you.

What has changed? Tina Hare & Associates provides you and all of our clients with masks and gloves when necessary. We are able to offer virtual tours and virtual open houses. We offer a strategic marketing plan that is well thought-out for each unique home and will walk you through all of the details.

Should I wait to sell? Inventory is at nearly an all-time low! If anything this is a fantastic time to sell since homeowners who are searching are facing extremely low inventory and are serious to make a move quickly! You will likely face a shorter “on market” timeline and only have to deal with serious buyers.

Overall, our best advice is to give us a call so that we can discuss the plan that makes the most sense for you and your family. However, we want to reassure you that we can safely help you buy and sell right now if you decide that is the right decision for your family. Here is a quick message from Tina herself, https://youtu.be/hvKYanEpGO4.

selling your ventura county home

Market Snapshot

If you have been thinking of buying or selling your home prior to COVID19 you have likely been closely watching the market. Good news is that Real Estate is still considered an essential business and in some regards the market is absolutely thriving! Our team has put every necessary precaution in place to help you both buy and sell successfully during this time of social distancing. Below is a brief recap of how the market is currently looking.

Homes under $700,000: If you are looking at selling your home in Ventura County and you plan to list under $700,000 you can expect your home to sell quickly. Homes in this price range are selling very quickly and most with multiple offers. If you plan to buy within this price range you can need to place aggressive offers and quickly as the inventory is still low.

Homes between $700,000 – $1,000,000: Homes within this price range have stabilized. While inventory is still low there are still many families buying and selling within this budget. However, unlike homes under $700,000 you are less likely to see bidding wars and can expect a slightly longer time on market.

Homes over $1 million: If you are planning on buying a Ventura County home in the price range of over $1 million you may have the upper hand. Conversely, if you are looking at selling your Ventura County home over $1 million you may not receive the value that you had been once hoping for. The high-end market seems to be taking the greatest hit during these uncertain times.

If you would like a more specific consultation regarding your home and your unique set of circumstances our team would be happy to schedule a time to chat. We realize that every home and every family is unique and we want to make sure we guide you in the proper direction based on your goals and circumstances. If we can help you buy or sell your Ventura County home please do not hesitate to reach out 805-990-7580.

moorpark homes for sale

Should I Sell My Home?

Should I sell my home right now? This is one of the most consistent questions we are receiving during these uncertain times. However, the answer vastly depends on your unique situation. We compiled a small list of specific reasons you may be selling and your questions answered below. We hope that this helps to settle your immediate concerns whether you are planning to list your Moorpark Home For Sale or anywhere in Ventura County.
Selling an investment property: Selling an investment property may feel like a comforting way to put extra cash in your pocket during uncertain times. This may or may not be an ideal time to cash out. Depending on the price range of your investment property and specific location it may be a better time to list your investment as a rental property and still allow yourself extra cash flow. We’d be happy to help you review your options so that you can make the most education decision possible.
Selling your primary residence: If you were planning on selling your primary residence prior to COVID19 and are still hoping to list we would be happy to assist. There are many options available to us to help complete the process entirely virtually. While there are several new restrictions in place, interest rates are still very low and enticing for many buyers. You may be surprised with the interest in your property during this time!
Selling your “starter home:” This may be an ideal time to sell your “starter home” as there are still many more buyers than inventory available in this specific type of market. Homes for sale in Ventura County under $800,000 seem to be thriving in the current market. If you are looking to list your Mountain Meadows, Peach Hill, or Belmont home this may be an ideal time. If you live in a different neighborhood please feel free to give us a call and we would be happy to do a brief analysis for you of the best options available right now.
Overall the best advice that we can offer is that there is no harm in testing the market. Let us help you explore all your options available for your specific situation and we would be happy to help you make the right decision for your family.

virtual tours

Virtual Tours

During these unforeseen times Real Estate, much like every other business, has been forced to adjust to align with social distancing regulations. However, these circumstances should not prevent you from selling your home, investing in a new home, or purchasing your dream home. It does mean that we need to take extra precautions in order to ensure the safety of your family and everyone else involved. Luckily, there are still many ways including Virtual Tours, our team can help you adjust to these new regulations.

  • Phone Apps such as Zillow and Redfin. In this digital age, most people are very familiar with searching for properties digitally. These apps are still functioning with accurate and up-to-date information. This is one of the most efficient ways for you to inform yourself of available listings in real time.
  • Digital Tours. Some homes have recorded video of the property that you can watch from the privacy of your own home. Other homes have digital walk-throughs available. Either option is great for giving you a more interactive tour than viewing still photos.
  • Facetime. We are able to Facetime available properties for you so that you can ask questions as we tour the property and take your time to make sure you feel comfortable.
  • While we realize this can be a difficult adjustment as we all figure out a “new normal” these precautions allow us to best serve you in the immediate future. We want to remind all of our clients that we are available day or night to address any concerns you may have during this time and we understand you may be facing additional worries. We are informing ourselves daily of the ever changing guidelines and making sure we are taking every precaution necessary to help keep everyone safe. If we can assist you with a virtual tour please feel free to reach out to us at any time 805-990-7580.

    Moorpark Highlands

    Top 5 Spring Cleaning Tips for 2020

    Are you safe at home and feeling like a little Spring Cleaning is necessary? I think we’re all feeling like a little organization might help bring us some peace. Spring-cleaning is important for everyone, particularly if you’re preparing to sell your home in the near future. After all, a clean, well-cared for home is much more attractive to potential buyers than a messy, disheveled one. And as long as most of you out there are sequestered at home for obvious reasons, now is as good a time as any to start spring cleaning. Here are some of my favorite tips.
    • Make a schedule: Commit yourself to times when you will be cleaning and de-cluttering your home. Have a plan for each room and stick to that plan. Hit one room at a time and do not go back and forth as this will only make the task harder and more disorganized.
    • De-clutter: Spring cleaning provides the perfect opportunity for one to throw away unneeded items in the home. Go over those items that you have not used for years and consider selling, donating or throwing them away. Clothing is always a good place to start. Some experts suggest that if you haven’t worn a particular item for at least 6 months, it may be expendable.
    • Get the entire family involved: Many hands make light work. One of the advantages of having a large family is all the manpower that is potentially available when it comes to tasks such as spring cleaning. Give everyone in the family a special duty including young children. Often, children of a certain age are happy to feel as though they are contributing in some way. Just be sure to keep it organized so that you don’t get in each other’s way.
    • Break cleaning down into 10-minute chunks: Spring cleaning is a marathon not a sprint. Pace yourself. Take small breaks when you begin to grow tired so that you will have enough energy to complete the task.
    • Stock up on cleaning supplies: I know – great joke. If and when you are able to purchase your favorite supplies try to get the supplies you need but not a surplus. These supplies can consist of much more than Lysol but include: sponges, rags, mops, etc.
    Many of us think of spring-cleaning as being an odious task that must be performed once a year. The truth is a 15-minute cleanup routine practiced every few days can make spring cleaning a breeze. It can also produce a home that is healthier, more pleasant to live in, better organized and easier to sell. We have plenty of Moorpark homes for sale or coming available soon including those in the Moorpark Highlands. My team and I will help you find a clean, safe home that you and your family will thrive in for years.


    4 Surprising Benefits of Downsizing into a Smaller Home

    Here on the West Coast, we are trained to think of bigger as always being better and that having more is the best of all. However, there is something to be said for austerity. There is something to be said for simplifying your lifestyle and shedding away the excesses of life that can sometimes create stress, plunge us into debt etc. This is the pressure that people with large homes can sometimes feel. With that said, here are 4 ways that downsizing to a small house can actually make your life better, more efficient and cozier.
    You have less to clean: Cleaning a 2,500 square foot house can be an all-day chore. It can also take away from time you could spend doing other, more productive things. In contrast, smaller homes take less time to clean freeing you up to do other tasks.
    Downsizing to smaller home cuts energy costs: One of the biggest downsides to living in a large home is that it takes a lot of energy to heat and cool them. With small homes there is less space to heat and cool. At the same time, they also reduce your family’s carbon footprint. Even if you decide to remain in a larger home, you can contact your local energy provider for tips on how to save money on heating and cooling costs.
    Downsizing means you spend less on unnecessary items: Having a smaller living space requires that you seriously cut back on things around you that you do not need. It forces you to equate each purchase you are about to make and put in the context of how much less room you have.
    Lower maintenance costs: While big, beautiful homes seem like a dream, the cost of maintaining them can sometimes be rather costly. In contrast, with less space you can usually do a lot of the maintenance work yourself thereby saving the cost of labor.
    According to the U.S. Census, the average size of an American home was 983 square feet in 1950. By 1973 it had grown to 1,660 square. Finally, in 2010, the average house was almost 2,400 square feet. Despite this trend, many Americans are seeing the utility of downsizing to a smaller home. They are beginning to see this as a way to make their living space more efficient. My Ventura County real estate team can help you decide what is best for you in terms of house size. I have Moorpark homes for sale that suit a variety of needs.


    The Pros and Cons of Buying a brand New Home

    The Pros and Cons of Buying a brand New Home
    If you are in the market to purchase a home you have probably realized there are many decisions to make. One of the most important of which is whether to buy a new home or one that has been pre-owned. While the answer may seem obvious at first – especially if you have the means to buy a new home – the decision can be a rather difficult one to make. Here are a few of the pros and cons of buying a new home.
    Advantages of Buying a New Home
    • Everything is new: This means that you will probably spend very little time having things repaired or replaced throughout the house. This is particularly important when it comes to flooring and roofing as both can be quite expensive to have repaired or replaced.
    • Your home is protected by a warranty: For new homes the warranties usually begin from the closing date of the home. This means items like appliances will have at least a 1 year builder’s warranty on them. This is can be one aspect of purchasing a new home that appeals to homebuyers the most.
    • New homes often come with more safety features: It is relatively rare for older homes to come with built in safety features such as smoke and carbon monoxide detectors. One the other hand, this is quite common in newer homes. Of course, this means that you will have greater peace of mind that your family is well protected.
    • New homes are usually more energy efficient than older homes: On average, new homes can provide up to 20% more insulation than older homes. Newer homes generally have better insulation and air sealing, heating and cooling, and energy efficient appliances. These can all add up to great savings on your utility bills.
    Of course, buying a new home is not a panacea. They come with some drawbacks especially for those who assume that such houses will always be “perfect.” The drawbacks to purchasing a newer home are:
    • New homes are costly: On average new homes can be up to 20% more expensive than older homes.
    • You may have to deal with ongoing construction around your property: Often, newly built homes are situated in developing communities. This means that there may be construction occurring around your property for some time.
    • Problematic location: Newly constructed homes are often located on open land meaning that they may be far from city centers. This means that you may have to travel some distance to reach restaurants, bars, clubs, etc. However, this is not always the case.
    In the end, the best way to figure out whether or not a new home is the right choice for you is to gather all the facts, do your research, and think clearly about what you want in a home. My Ventura County real estate team can help you decide what is best for you in the near and long term. We have Ventura County homes for sale that suit a variety of needs and would be more than happy to help you in the New Year to accomplish your real estate dreams.


    Moorpark Highlands: An Overview of Affordable Elegance

    As most people know, buying a newer home also means buying into a lifestyle. If buying into a lifestyle of affordable elegance is part of your criteria for buying a home then the Moorpark Highlands is the right place for you. What makes these newer homes in Ventura County, CA so appealing? Let’s take a look at some reasons why choosing to live here could be one of the best decisions you can ever make.

    Firstly, The Moorpark Highland communities include:
    • Cherry Hill
    • Shenandoah
    • Pinnacle
    • Smart Homes
    • Waverly Place

    Each of these properties is a component of a complex that is labeled, as the “Highlands.” Each community is conveniently located near businesses, stores and shops. Moorpark Country Club is also nearby with its highly acclaimed 27-hole golf course. Homes in the Moorpark Highlands communities range in size from 1,500 – to over 4,000 square feet.

    Since most of the homes in these communities are newly constructed, they include a plethora of amenities for people who desire the finer things in life. Some of these amenities include:
    • Large lot sizes (in certain communities)
    • Amazing views of the surrounding county and communities especially from two story homes.
    • Though subject to change, many of the communities have HOA fees that are reasonable
    • Laundry rooms are typically included in these newly constructed homes.
    • Mammoth Highlands Park! Such a fun, new park for local kids of all ages to come and play; complete with a basketball court, many swings, and different size slides!
    • Many of the homes within the Moorpark Highlands have their own community pools.
    • The Amtrak/Metrolink station makes access to shops, restaurants, boutiques within reach so that you easily see and be a part of all the area has to offer.
    • Excellent schools, friendly neighborhoods with parks and recreational opportunities so that one never feels isolated even within its various gated communities.
    • Community activities such as Movies in the Park at the Mammoth Highlands Park! This is a fun way to bring all local families together for a fun night in the park.

    As a Moorpark realtor I know how living in the right community plays a vital role in the decision to purchase a home. Moorpark Highlands includes a number of communities that are up and coming and that surrounds its residents with affordable elegance that inhabitants of other communities would envy. Contact me today to visit a home in one of these vibrant communities.


    Condos as Investment Properties: Why Buying a Condo Just Became a Lot Easier

    1. Buyer only needs to put down 25%

    2. A single buyer can own up to 4 units in a single complex

    3. Owner occupied ratio/budget requirements for a 3-4 unit eliminated

    Investment opportunities come in a variety of shapes and sizes. One of the soundest ways to create an additional income stream is to purchase a condo. However, up until recently certain restrictions have prevented some people from purchasing a condo who might otherwise have done so. Well, much of that has changed as the Federal National Mortgage Association – otherwise known as Fannie Mae – has revised its rules regarding how condos purchased as investment properties can be bought using conventional financing. Let’s take a look at these changes, how it makes purchasing a condo easier and why purchasing a condo can be a fruitful addition to your investment portfolio.

    Fannie Mae’s Changes

    Fannie Mae has made three changes to make it easier for buyers to purchase a condo as an investment property. First, all that is required of a buyer now is that he/she put down 25% in order toMoorpark Real Estate purchase a condo as an investment property. The 50% owner occupied ratio rule is no longer in effect. This makes purchasing a condo much easier to potential investors in that they can now purchase complexes in local markets that do not have 50% owner occupied ratios. A second way Fannie Mae has made it easier for people to purchase a condo as an investment is to allow a single buyer to own up to 4 units in a complex. The Single-Entity Ownership has increased 10% to 20% for projects with 21 and more. Finally, Fannie Mae has waived the project review requirements for 2-4 unit projects. This means that owner occupied ratio or budget requirements for a 3-4 unit has been eliminated.

    Tips to Buy a Condo in a Complex with Less than 50% Owner Occupied Ratios

    So how does one take advantage of these changes to Fannie Mae’s rules regarding the purchase of condos
    as investment properties? Here are a ways:

    -Buyers should put down a minimum of 25% on condos that have less than a 50% ownership ratio. By putting less than 25% down Fannie Mae’s Full Review will be triggered and the old rule of 50% Owner Occupied Ratios will be re-instated.
    -Make sure that your loan application is run through Fannie Mae’s conventional underwriting system.
    -If you are granted a “Limited Review Approval” then you will be exempt from the 50% ownership ratio rule.
    -Work only with lenders who follow and are familiar with these new rules.
    -As a realtor, make sure to let potential investors know about this rule change.

    Why Buying an Investment Property is a Great Investment

    As we said, at the start of this post, investments come in all varieties. Some are not sound at all and others
    vary in the degree in which potentially create a healthy revenue stream for investors. Investing in a
    property is one of the sounder investment methods a buyer can make. Why? Here are several reasons:

    -Investors can take advantage of the annual rent increases which are trending upwards on average 3% – 4% in many local markets in California.
    -They are more affordable. Buying a condo is on average cheaper than purchasing other kinds of real estate. Just be sure to factor in the cost of living in the desired area with HOA fees when making the decision to buy a condo.
    -Maintenance is not your responsibility: As a real estate investor you are not directly responsible for maintaining the building or the grounds of your property. These are covered in your monthly condo fees. Other people will be doing the actual work of up keeping the property.
    -Finally, there are many tax benefits of investing in a condo. For example, the interest on the mortgage is tax deductible, and the property taxes and any repairs are tax deductible.

    As a Moorpark realtor, I know that one of the best ways to take advantage of the opportunities that this change in Fannie Mae policy presents to potential investors is to keep track of all developments in the real estate market. That means knowing about changes in lending, interest rates, etc. Contact me if you want to take advantage of any Moorpark homes for sale.


    Why Hire A Realtor

    5 Benefits of Using a Realtor to Buy (or Sell) a Home

    Can you buy or sell a home on your own? Of course you can. Should you? That is quite a different question. Many people feel that “DIY” is the solution for everything now since the Internet has such a wealth of information on just about any topic or process you can imagine. However, when it comes to buying a new home there are many problems that can develop if you use this approach. Even in this day and age it is still a good idea to use a realtor when searching for Moorpark homes for sale. Here are five significant reasons why you might want to consider hiring a professional realtor as opposed to going it alone.

    • Realtors have greater market knowledge: Many people fail to put a value on knowledge since it is something that is intangible. However, realtors bring a great deal of knowledge to the table that can save home buyers money and place them in exactly the neighborhood of their choice, etc. Someone who does not watch the housing market constantly and does not understand trends will be at a real disadvantage when it comes to purchasing a home. Tina Hare & Associates are well versed on Moorpark Real Estate, as they are engrossed in it daily.
    • Realtors can find hidden home buying opportunities: Though most home sales are widely advertised, some homeowners choose to be more discreet when they are selling a home. Moorpark Homes For SaleThus, these opportunities may fly under the radar of most people. On the other hand, realtors will often know of homes like this that are for sale.
    • They offer professional networking: Realtors have an established network of other professionals who can help you when it is time to buy or sell a home. Because of this, we can give you a list of references of people who we have worked with in the past and can provide you with their background information.
    • Realtors are better negotiators: Top realtors are trained to present their client’s case in the best light and to fight for the best possible outcome. This is part of what we are trained to do.
    • Realtors can help with all the paperwork involved: There are countless forms to be filled out when buying a home. Additionally, some of this paperwork is filled with real estate terminology making the process even more difficult. Realtors can help you with these forms so that your home purchase goes off without a hitch.

    We hope that when you decide the time is right for selecting a Moorpark realtor it is an easy choice. If we can ever offer advice or help you through the process we are always happy to do so. For more information on buying a home, fill out the form on our site.