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June 2019 Ventura County Real Estate Update

July 16, 2019 by Derrick Timmons

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Sun burns, camping and real estate have been filling our summer. What about you? Summertime, according to the National Association of Realtors, has for the last 19 years accounted for more transactions than any other part of the year ( https://www.nar.realtor/blogs/economists-outlook/seasonality-in-the-housing-market ). Some buyers don’t want to buy at this time because they may feel prices are too high. The fact is, however, there are more homes on the market that are WORTH the price. In the off-season there can be some homes on the market that are valuable but some buy during this time because there isn’t anything better. In addition, rates are still holding quite low. Buyers, now is still a good time. Sellers, are also in good position for the next few months as this is still a good time to sell with prices maintaining at high values.

Ventura County For Sale, Sold and Pended
Camarillo For Sale, Sold and Pended
Oxnard For Sale, Sold and Pended
Ventura For Sale, Sold and Pended

Based on the above stats, please review the following ideas to help guide your decisions:

Investing
IF you can find an under market value property, it is always a great time to buy.    Everyone wants a deal, but the only way to find an outstanding deal is to know someone. This market has become one based on relationships. Who do you know that may be selling? If you are going to buy a single family home or condo on market to invest, you MUST know the area very well to determine if it is in a pocket that is highly desirable.  In addition, there may be opportunties with REO properties. These could be a great opportunity, but there are risks associated. If you are aware of the risks up front and are prepared for them you can get a great deal. Let me know if you would like to know more about them.

Buying
While it is still a seller’s market, interest rates are STILL very low. This is important as every decrease in that rate means hundreds of dollars in your pocket. What is the opportunity cost for waiting to buy for the perfect market? Opportunity. The more time that goes by is more time that you aren’t paying down a mortgage. Speak with your mortgage professional to help get a great idea on your budget and buying power.

Selling
As noted above, now is a great time to sell. Home values are up, inventory is down and buyers are motivated. Stats continue to indicate we are still in a good time to sell. We still have plenty of summer left to put your home up for sale to capture the hot summer market.


If you liked these stats please reach out and let me know about it!  If you have any questions about the Real Estate market or the process of buying or selling a home please contact me. Contact me today if you are ready to buy or sell a home.

Derrick Timmons
805.807.3987
realtortimmons@gmail.com
www.derricktimmons.com

Filed Under: Home Buyers, Home Sellers, Luxury, Market Updates, Uncategorized Tagged With: homes, house, market, real estate

Derrick Timmons

realtortimmons@gmail.com
805-807-3987
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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.

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