• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Derrick Timmons

Personal Service, Professional Results

  • Home
  • About
  • Buyers
    • Off-Market Homes List
  • Listings
    • Coming Soon
    • Just Listed
    • Pending Sale
    • Sold
  • Sellers
  • Community
    • Camarillo Community Information
    • Oxnard Community Information
    • Ventura Community Information
  • Retirement Education
  • Blog
  • Contact

Is it a good time to buy?

June 8, 2017 by Derrick Timmons

ShareTweet
GoogleLinkedin

Is there any better question to ask a realtor right now? Should a potential buyer jump in and buy a house now or wait for some future time when home prices are lower?  This report outlines the facts of today’s market with an interpretation so you can decide for yourself what you should do based on your current situation.

Real Estate Market Facts as they are today:

  • 30% of home buyers in California are First Time Home Buyers, while 70% of home buyers in California are Move-Up Home Buyers
    • Interpretation- Since most of the market are Move Up buyers then home prices may stay high because they can afford a higher priced home
  • Average 30 year Fix Mortgage rates are in the 4% range
    • Interpretation- While this is not a record low rate, these are very low rates historically
  • There is extremely low inventory in most cities in California
    • Interpretation- This lack of homes creates a sellers market which gives sellers more control over what price they sell their home.
  • There are more buyers today than there were yesterday.
    • This may be esoteric but, it is simple math.  Our population is increasing so they will need places to live which can keep prices high.

Final thoughts, regardless of what kind of market we are in people buy and sell homes every day.  Some of these people do not do their research and perhaps are making an emotional buying decision and should maybe wait for a better time. There are, however, many people who are aware of market trends and they make an informed decision to buy a home that fits for their families.

Filed Under: Uncategorized

Derrick Timmons

realtortimmons@gmail.com
805-807-3987
  • Facebook
  • Instagram
  • LinkedIn
  • Twitter

Our Communities

Camarillo

Oxnard

Ventura

Our Mission Statement

“Personal Service, Professional Results”

Personal Service

In Real Estate there are deals and there are people behind the deals.  We focus on creating a smooth Real Estate experience for you by doing our best to understand what you need from us to make buying or selling a home successful.  We do our best by asking questions and listening to you carefully then genuinely serving your needs. 

Professional Results

We also, however, strive to get you the results you want by being tough in negotiating the best deal for you and being organized and communicative during this complex transaction to make sure every part of the process is taken care of properly.  To help you accomplish your goals, Derrick applies his successful competitive experiences in sports and education to exceed performance expectations and get you the results you want.

What others have said

Working with Derrick was an honest pleasure. He always went out of his way to accommodate our busy schedules when it came time to looking at houses. He had a series of questions before we started looking to insure that he set us up with the right home for our future. He is professional, knowledgeable, creative in his methods, personable, and best of all effective. I highly recommend him.

Itzie Alarcon

I just wanted to say again how amazing and easy Derrick made this process...I hope you know that you are part of the family!

Chad Sullivan

When we needed to find a realtor to help us find a property in Camarillo as part of a 1031 exchange, we thought of Derrick.

Our transaction was a little more challenging than most in that we were selling two properties out of state that were also involved in the exchange and finding a replacement property and closing was key. Finding a property was time consuming in a hot market but Derrick never gave up hope that we would find a property. Once we entered into escrow, Derrick connected us with an exchange company and the transactions were closed in a smooth and timely manner.

Derrick was a pleasure to work with and we would definitely recommend him to our friends.

-Lisa

Wow! Well done!! I've been a commercial real estate agent for 16 years and I had dozens of agents who wanted to work with me. Derrick dug up the right property and then far exceeded my expectations. Bonus: We had a lot of fun in the whole process! Derrick is knowledgeable, professional, proactive AND a highly moral level headed guy. He's a gem of a find. As my buyers agent Derrick tracked every aspect of the deal for me which made the whole transaction a breeze. He answered all my questions and/or tracked down the information I wanted/needed. To top it off his referral source of trades and related resources was equally impressive. There's no question that he and I will be working together in the future. If you want a good experience (life is short, EVERY experience should be good, and fun) do yourself a favor and just give Derrick an interview and you'll immediately see what I'm talking about.

Shaun Bieniek

I was really impressed with Derrick's overall real estate service. Within less than two weeks of putting my house on the market, we had a great offer! Derrick was a true professional guiding me through the process of selling my home. Derrick is knowledgeable, diligent, and caring. I highly recommend Derrick to handle your real estate needs!

Maria Callan

Derrick is AMAZING. He went above and beyond my expectations of what an agent would/should do. Derrick is the true definition of caring, compassionate and trustworthiness you will ever find. We would not trust anyone else to sell our house.

The Law Family

Derrick helped us find our first house and I can't even begin to say how thankful I am for using him. For a process that can be so incredibly tedious and hard, he made it such a breeze. He is honest, hardworking, and will go above and beyond. I have and will continue to recommend him to everyone that I know. In the future whether we are buying or selling we will not use anyone else. He is THE absolute best. Thank you so much so helping us buy our first house Derrick, we are forever grateful!

Kaitlin Winter

Derrick is as good as it gets, possibly even better! He helped us purchase our first home. He knows his stuff and did a great job helping us find a place in our budget. He understands the process and communicates with his clients which to me is the most important part of picking a professional to work with. Derrick is highly recommended!

Shawn Lakhani

  • Home
  • About
  • Buyers
  • Listings
  • Sellers
  • Community
  • Retirement Education
  • Blog
  • Contact
Century 21 Everest | 2301 Daily Drive, Suite 101 Camarillo, CA 93010
BRE# 01886244
...another Fully Managed Website by Mike Mueller Hi!