Tag - tina hare and associates

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.

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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.

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    Ventura County’s Housing Market: The Spring 2020 Outlook

    Spring has sprung and it is usually a prime time for people seeking to buy a new home. However, we live in strange and uncertain times. The housing market in California is being impacted by economic uncertainty which has been worsened by the COVID-19 outbreak. According to the California Association of Realtors (CAR), this uncertainty is behind what may be a 2.5% rise in the price of new homes in Ventura County. This trend, according to the CAR, is likely to continue through the spring and for the foreseeable future. However, the news here is not all bad. If you are a seller, then this could mean that you may be able to make a profit from selling your home. (The Catch-22 here is that you may have to market to relatively fewer buyers.)
    Other Developments in the 2020 Spring California Housing Market
    • San Jose, Calif., will continue to be a tough housing market. With only four homes for sale per 1,000 households, Ventura County and indeed San Francisco will both remain challenging territories for realtors and for people who wish to sell their home.
    • Low housing supply in Ventura County is expected to carry over from the last decade and last through the spring of 2020.
    • Rental list price is expected to rise for Ventura County to nearly 2.8K. (Source Zillow).
    • Millennials will still dominate the market. Just as in other parts of the country, Millennials will continue to be the largest part of the home buying market in Ventura County. This will be aided by their relative comfort with searching for a home via virtual Internet tours and their ease with using mobile technologies to scan for homes. This is good news as they were expected to dominate market regardless of COVID-19 and is one of the many positive indicators that the market will survive these uncertain times with stability.
    At the end of the day, both buyers and sellers will need to rely on experts to help them navigate these difficult times in the real estate market in Ventura County and in the nation as a whole. Real estate experts such as my team can help homebuyers and sellers in their ability to research and collect data that effects the decision to either buy or sell 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.

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    The Coronavirus: How it May and Already has Impacted the Housing Market

    There has scarcely been an industry that has not been affected by COVID-19 better known as the Coronavirus. This of course includes the real estate industry, which is by definition a business that is intimately connected with the health of the overall economy, and therein may be an indicator of how profoundly COVID-19 will affect the housing market. Where goes the economy so goes the housing market which although not subject to the volatile up and downs of the stock market, is still a part of our financial system.
    Specific Effects the Virus may have on the Housing Market
    For now the impact of the Coronavirus has not had an effect on the real estate industry. However, that is likely to change as developments around this crisis continue. Here are several ways COVID-19 may ultimately impact buyers and sellers.
    • Mortgage rates could fall as a result of Coronavirus. The International Monetary Fund (IMF) has already cut its forecast for global economic growth by 0.1%, despite the impact Coronavirus is having on businesses.
    • The outbreak may drive investors into the bond markets, where lower rates are creating more attractive debt/refinance options.
    • Some domestic buyers may be dissuaded by rising economic uncertainly in light of the impact the virus is already having on the overall economy. Buyers who can make regular monthly payments are likely to take advantage of falling interest rates to significantly reduce their borrowing costs. This is a benefit they will be able to enjoy long after the virus has receded.
    • New home construction in California could slow down even further. The Coronavirus is already disrupting supply chains that the California Building Industry uses to support new home construction. As this disruption continues, the cost of materials may increase or become limited. This may impact the cost of construction and ultimately housing itself.
    While it is true that the Coronavirus already is having an impact on the housing market, it is also true that ours is a resilient industry. We have survived many a crisis and have continued to thrive as one of our nation’s most important industries. Thus, if you are looking for a Moorpark realtor we are still able to provide you with many options in a new home. We have Moorpark homes for sale that are still solid investments in a time of uncertainty.

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    5 Signs You’ve Found the Right Realtor

    Whether you are in the market for your first or fifteenth home, finding the right realtor is a huge key to locating and settling into exactly the place you want. The right realtor can make the entire home buying process – from making negotiations, communicating with the others involved – much easier. So how will you know when you’ve chosen the right realtor to guide you through the all too-real journey of buying a home? Read on to discover how you can tell if the realtor you have chosen will be a help or a hindrance to your home buying efforts.
    Agents, Brokers, and Realtors: What’s the Difference?
    Real Estate Agent – An agent is a real estate professional who has earned a license to help people buy sell or invest in homes. They must pass their state’s real estate licensing exam before they are able to help the public. Once done, they must align themselves with a real estate brokerage
    Broker – This is a real estate agent or realtor who represents sellers or buyers of real estate property. They often work under a licensed broker to represent clients. Additionally, a broker must pass a specific exam to earn certification.
    Realtor – A realtor is a licensed real estate salesperson who belongs to the National Association of REALTORS®
    Signs You’ve Found the Perfect Real Estate Agent
    • The agent you’ve chosen is knowledgeable: This is the primary value that an agent can bring to homebuyers and sellers. They should be familiar with all areas of real estate and be familiar with the market in which you are home shopping.
    • Your real estate agent is responsive, available, and communicative: The agent you’ve chosen must be someone who will return your calls and answer any questions you may have. A great agent understands the importance of keeping in contact with his/her client as delays can cause deadlines to be missed, etc.
    • They are persistent: A good agent not only knows that real estate is full of setbacks and delays but he or she must also know how to persist in getting the results their clients desire.
    • You like being around them: When you engage a real estate agent you are also starting a relationship that may last for some time. Therefore, be sure that you can get along with the person you have chosen to do business with.
    • They’re honest with you: Honesty is the best policy when it comes to real estate agent/client interactions. A good real estate agent should be able to give you the harsh truth that what you’re looking for is not available if necessary.
    Screening Questions to Ask Real Estate Agents
    So how do you find the right agent? One way is to ask questions – plenty of questions, such as:
    • How many years have you been in the business?
    • Is your real estate license in good standing?
    • How many other clients are you working with?
    • Have you ever recommended that a buyer not buy a property? Why?
    Whether you’re looking for Moorpark homes for sale or searching in some other area of Ventura County, hiring the wrong real estate agent can be disastrous. That is why you should take as much care as possible in choosing the right partner in your search for a home. As the number one Century 21 Small Teams Realtor Nationwide, our team can help you find the home of your dreams and we will strive to make the process as seamless as possible.

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    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.

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