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Ready to sell but nowhere to go?

October 31, 2016 by Derrick Timmons

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You have equity in your home. You have motivation.  You want to find a new home because you are ready to buy a home with that pool, or a single story, or you want another feature that your current home doesn’t have.  Yet, you are unsure where to go next.  You are also aware that while your home value may be higher than before, many of the homes you want to move into are also higher in price.  Many people here in Ventura County are in this position.  The fact they don’t know is…..

The housing market in your particular market is key to discovering how you can plan your selling and buying strategy.  An important question to ask is; are you in a buyer’s market or seller’s market?  The answer will depend on a few important factors, and you may be surprised to know that within one city there can be multiple markets overlapping which can work in your favor.  For example, if you are selling at one price point but buying at another price point each market at the different price point may be selling faster or slower.  This can allow you to negotiate more to get what you want.  In other words, you may be able to sell your home in a seller’s market to get top dollar, and you may be able to buy in a buyer’s market in the same city and negotiate a great value on your new/dream home allowing you to take advantage of the higher home values right now.  Specifically this trend of multiple markets overlapping can be seen in Camarillo and other locations in Ventura County.

The website NOLO published the following article about some strategies that may help you sell your home and buy a new one.  Please contact me if you would like to discuss this further.

Article on Move Up Home Buyers

 

Filed Under: Home Sellers

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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