Renting costs continue to get higher. In Ventura county rents increased by 2.9 percent from 2108 to 2019. That’s twice the national average and 2020 could even be higher. If your current rent is around $1700.00 per month at that rate of increase it could add up to a 29 percent increase over 10 years or approximately $2300.00 per month. The sad reality is that none of that money was used to build equity in a home. When you purchase a home (depending on the type of loan) your monthly payment usually stays pretty much the same except for any tax or insurance changes. Over 10 years that could add up to quite a sum. The good news is the interest and the tax portion could also be deductible. Add these factors together and the difference in monthly payment may not be that great. The good news is all this while your home is increasing in value. Give me a call at 805-285-6177 and I’ll put you in touch with our lender. Rates are historically low. They will guide you through the qualifying process. Start building your home equity now!
Most agents have experienced at one time or another losing a potential client that they have worked with for years. It’s not a good feeling but it’s the world of real estate. The client finds a house they really like and the listing agent that they just met offers to reduce their commission if he or she can also handle the sale of their current home. What the client fails to realize is with the listing agent representing both sides they could potentially give up 1 to 3 percent in negotiating the sale price and any possible repairs. The agent who had been working with them could have offered them similar discounts if given the opportunity and also provide them with a sense of security and reliability. Moral of the story… You can have your cake and eat it too!
This question seems to always come up. Is this the right time to buy or sell my home?
That of course depends on a buyers or sellers own personal situation.
As for the real estate market, the Corona Virus pandemic has developed a lot of pent
up demand. The good news is that the real estate market continues to get stronger.
Interest rates are at historic lows and are predicted to stay low all through 2021.
Many listed homes are receiving multiple offers which tends to increase home prices.
These are some good reasons for both buyers and for sellers.
Call us, we’ll walk you through the process showing you how to net the most from the sale
of your home and also negotiate the best price for the purchase of your new home.
We can make a difference!
Why you need a full service professional real estate agent.
Thinking about selling or buying your home and looking for the lowest commission? That can end up costing you more money in the end.
There are many internet and discount brokers who advertise low commission. They usually don’t provide all the services you’ll need to get
you the best price and the lowest cost.
Services like negotiating price and requests for repairs, professional photography with extensive marketing, complete MLS access
transaction oversite and coordination of transactions to closing of concurrent escrows. Services like these can add up to three percent
and more of your total cost. This is one of the most important decision you’ll ever make… why take a chance?
Many home owners have been waiting to put their homes on the market with the Corona Virus pandemic they were reluctant to act.
Realtors and The California Association of Realtors have met the challenge by putting in controls to safeguard our prospects and clients and remain committed to keeping them safe during the home buying process.
Prospective home owners were also hoping for lower interest rates and for houses to be more affordable. We’ve all heard the stories of people who have bought property years ago at really great prices and now they’re worth so much more. That’s the nature of real estate. Historically it’s been a great way to invest and grow your equity. Now seems to be one of those times. Interest rates are at all time lows and inventory of available homes for sale is low. This is great news for both buyers and for sellers. Your professional agent can guide you and take the guess work out of this process. Give me a call.
I’m always available to guide you through the process.
Pinnacle Estate Properties Inc.