Anyone who lived through the 2008 recession and subsequent housing market crash is likely feeling a little worried. After all, home prices have risen quite a bit in the past few years, and inflation is at a 40-year high. But does that mean we’ll find ourselves in a situation similar to the late 2000s? Likely
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Owning a home offers advantages that can help anyone build wealth. Of course, without a crystal ball, it’s impossible to know exactly what your home purchase will do for you long term, but there are some consistent historical indicators of how homeownership relates to wealth. 1. Stable housing payments. Apartment and home rents tend to
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1.) Avoid closing problems 2.) Neighborhood knowledge 3.) The paperwork 4.) Pricing expertise 5.) Request for repairs
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This week the median list price for Ventura, CA is $970,125 with the market action index hovering around 81. This is less than last month’s market action index of 84. Inventory has held steady at or around 60. This week the median list price for Oxnard, CA is $859,500 with the market action index hovering
Housing: Ventura County Read More »
Curb Appeal Is EssentialA mowed, trimmed lawn and weeded garden create a good first impression. Inspect the exterior of your property: Shutters, windows, front door and steps. If the house needs painting, buyers will notice and may consider it a major objection to purchase. Neatness CountsScrub each room thoroughly. Give special attention to the entryway,
WHAT IS A SHORT SALE? “Short-pay,” “short sale”—what does that mean? You have probably heard these phrases used, and you may have heard them thrown in with other confusing buzz words like “REOs,” “foreclosures” and “bank-owned” properties. All these terms are being used liberally by news media, banks and the real estate professionals, but most homeowners are left
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It’s not always about price. When vetting offers, evaluate these five areas in addition to price:1. The earnest money deposit2. The contingencies3. The down payment4. The all-cash offer5. The closing date
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