Is there a Housing Bubble?

It seems anywhere I go lately, people are asking me if there is a real estate bubble. Before I give you my thoughts, it first helps to explain exactly what is a “real estate bubble.” In its simplest form, a real estate bubble or housing bubble for residential markets is characterized by significant price increases of homes until they reach such levels unsustainable by incomes and other economic indicators. The general fear is if there is a real estate bubble and it “bursts,” homeowners and investors experience valuation decreases that can result in many owners holding negative equity (a mortgage debt higher than the value of the property).

 

The housing bubble and credit crisis we experienced in 2009 was horrible. During that time we experienced low mortgage interest rates, low short-term interest rates, and relaxed standards for mortgage loans. Today, interest rates currently remain low, but the government has imposed more stringent mortgage requirements and more money down on home purchases which should prevent that type of crash from repeating itself. People are asking the housing bubble question because we’re seeing mixed signals in this spring/summer buying and selling season. While there’s solid, strong demand for housing, low supply has escalated prices that could lead to lower than expected homes sales. However, we are still seeing very strong sales so I don’t believe there is a housing bubble currently in the Conejo Valley or beyond. “We see no housing bubble in Southern California,” says Ralph DeFranco, chief economist for Arch MI’s owner, Arch Capital. “Even though homes feel expensive, they are supported by the amount of income people have.”[1] The increases in home sales prices here are real. It’s real buyers with real income who are able to qualify for loans under the new strict guidelines and put 20% equity down in their purchase. I believe it is still a good time to buy a home or investment property. Interest rates currently remain low and you may get a tax deduction from your mortgage which makes it advantageous. Inventory in the Conejo Valley is also starting to increase some so finding a home that fits your lifestyle and taste may be easier than you think. Home prices will routinely fluctuate between 5%-10% which is historically normal and, over the course of time, evens itself out. That’s why it is important to be smart about making your home purchase and hire a reputable, highly rated realtor to help guide you in choosing the right home for you so that you can begin to enjoy and reap all the benefits of home ownership. If you have any questions, thoughts or need additional information, please call Lydia Gable of Lydia Gable Realty Group at 818-383-4335.

[1] Jonathan Lansner, “Housing bubble ahead for SoCal? Unlikely, report says” http://www.ocregister.com/articles/percent-721070-risk-arch.html (June 30, 2016).
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More Than 2000 Coats Donated to Casa Pacifica

Coats for Casa Coat DriveMore Coats Donated to Casa…

The Coat Drive was a great success!  Saturday’s coat drive at Three Springs Park in Westlake Village, brought in over 2200 pieces of winter clothes for the kids at Casa Pacifica.  The sixth annual event was not only a big success, but the children and visitors who showed up were treated to hot chocolate and smoothies, supplied by Apollos Espresso and Shaved Ice, along with some winter activities. We had a great turnout during the four hour event. Many folks stayed to sled, play in the snow, created by Arctic Glacier, and enjoy the treats.  It was a perfect SoCal winter day and at least in this case, the cool and cloudy weather worked perfectly for the winter theme.  We can’t forget to send a big thank you out to the thirty volunteers that helped greet guests, collect items, sort and count clothing and help with the sledding area. Additionally we owe a giant debt of thanks to our sponsors, Zwaag Termite, Michael Lang Designs, and Costco and Macaroni Kids, who also helped with winter crafts.  We could not have made this happen without them. The Ventura County Star ran a wonderful piece about the Coats for Casa event in which they quoted me. It reads in part.

‘We serve children that are abused and neglected and kids that are suffering from mental health challenges — kids that are at the deepest end of our system that really need all of our help,’ said Vicki Murphy, chief advancement officer of Casa Pacifica, a nonprofit that serves 585 individuals a day ranging from 6 to 21 years old. Saturday’s event was inspired by local residents Lydia Gable, who works for Keller Williams Realty, and Rick Winters, a financial adviser at Winters Financial Group. ‘We do a lot of business in the community, and it’s a nice way of giving back to the community,’ Gable said. ‘Casa Pacifica has done a tremendous job for kids. They help the kids that are in need and they are a good local resource for families to be able to rely on.’

I am so proud to be a part of this beautiful event every year especially knowing how many children and families it helps. Thank you so much from the bottom of my heart and from all of us at Lydia Gable Realty Group for all who came by, volunteered and donated.

 

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Conejo Valley – Zombies, Ghosts and Ghouls!

HALLOWEENPUMPKIN

Conejo Valley ideas for Halloween

Live in the Conejo Valley and want some ideas for Halloween? Whether you live here or you are courting the idea of relocating, what better way to get to know your neighbors and have some fun than to be scared out of your wits by ghouls and goblins? But seriously if you have never ventured out in the Valley on Halloween, there are so many organized activities. There is no excuse not to have fun! Take a look at just a few of the splendid goings-on.

Zombie Walk?!! Ahhh!

The Stagecoach Inn Museum at 51 South Ventura Park Road, Newbury Park, does something awesome every year forGhouls1 Halloween. This year is no exception. On Saturday, October 31st from 12:30pm and 4pm the museum is hosting Halloween crafts, games and storytelling for the kiddies and even a pre-carved pumpkin contest. So get to carving – you could win big and it’s a fun event that the whole family can enjoy together. The museum states on their website that costumes are optional but highly encouraged. Of course – Halloween is all about costumes but I guess they want have too much of a ‘fright’ if you decide to go sans costume. But the best part is the museum sponsors a Zombie walk! That’s right you read that right – you can take part in a Zombie Walk! How fun is that?

Admission $5 for adults, $4 for seniors and students (not to mention senior students and student seniors) and $2 for kids ages 5 to 12. Under 5 is free! www.stagecoachmuseum.org

Visit an Enchanted Forest!

Prefer to stay in with your little ones on Halloween? Why not head on over to the Oak Park’s 10th Annual Indoor Halloween Carnival? The Oak Park Community Center does it big every year for Halloween and this year is no exception. The event will take place at Oak Park Community Center, 1000 Kanan Road, on Saturday, October 31st from 5:30 p.m. to 8:00 p.m. Only $2 for 2 and up and $1 for under age 2. Parents are free when accompanied by children.

Ghouls2The Halloween Carnival is for so fun for children but kids and their parents will enjoy games, attractions, food and even prizes. Costumes are encouraged. If you haven’t been to this carnival before, you are in for a ‘treat’. They will display a Trick or Treat Village and even an Enchanted Forest! They also have fun stuff like face painting, game booths and of course food for all. The best part – the entrance fee covers UNLIMITED use of all games and attractions. If you have children, The Halloween Carnival in Oak Park is definite must-do.

For more information visit www.rsrpd.org or call 818.865.9304.

Hempstead Halloween Tour

If you just moved to Agoura Hills or to one of the surrounding neighborhoods in the Conejo Valley, you may not be aware of this beloved Halloween tradition. A cul-de-sac, on the 5700 Block of Hempstead Drive, does it HUGE for Halloween. The Hempstead Halloween is famous that it attracts several thousands of visitors each year both from the Conejo and San Fernando Valleys and Los Angeles

The neighbors on the block take this 20 year old tradition very seriously. In fact, according to the website, “Themes are established each year and the residents carry out the design work, lighting, props, and music or sounds to make the surreal scenes come to life.”

So take your family for a night or terror and torture and then when you are sufficiently scared out of your gourd, head over for some comfort food at The Shoppes in Westlake Village. Sounds like the perfect evening. If you dare…

Note: From the City of Agoura Hills: To ensure the safety of residents and visitors to the annual Halloween festivities on Hempstead Drive, all access points will be closed (open only to pedestrians and/or residents who will need to present verifiable identification) on Monday, October 31, between the hours of 5 through 9 p.m.  http://ci.agoura-hills.ca.us/

Reign of Terror – Are You Brave Enough

Are you a “Freddie” fan? Is gore and horror your favorite Halloween activity? Then look no further! The Reign of Terror Haunted House at Janss Marketplace is waiting for you… Gahahaha, if you can stand it! Halloween weekend for two nights of horror on Friday 7-10 p.m. and Saturday 7-11 p.m. you can test your mettle. This haunted house is the real deal. In fact it was voted the best walk through attraction in SoCal.Ghouls3

Buy tickets, RSVP and get the details at the link below. Plus, enter for your chance to WIN a FREE VIP Ticket and “I SURVIVED” T-shirt. See you there! http://bit.ly/ROT15

This is just a small smattering of the Halloween activities availed to you in the Conejo Valley.  If you haven’t figured it out yet, living here is all about a sense of community. This is why I love and feel privileged to live and work as a Real Estate Agent in Westlake Village. If you are a home buyer and looking for an award winning real estate agent, contact Lydia Gable Realty Group today to view current listings in Westlake Village and surrounding communities. Happy Halloween!

 

 

 

 

 

 

 

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The Conejo Valley: There’s So Much to Do!

CONEJOVALLEYThe Conejo Valley : Doin’ It!

The Conejo Valley is an activity haven. If you are seeking a new neighborhood chalk full of things to do or if you currently live here, check out the local happenings. It doesn’t get much better than this eclectic mix of things to do for you and the whole family. And of course if you are on the hunt for a new home, taking part in some of these happenings is a fantastic way to test-drive a potential neighborhood.

The Taste of Conejo

The Taste of Conejo is an annual fave especially among the Westlake Village locals. The seventh Taste of Conejo will be presented by the Greater Conejo Valley Chamber of Commerce on Thursday, October 1, 5-8 p.m., at the Four Seasons Hotel Westlake Village.

If you are a foodie or a wine aficionado, you will be in your glory at this event. But in any case, who doesn’t love good eats? The Taste of Conejo is an all-inclusive evening of gourmet food, wine, beer and spirits. Enjoy tastings from over sixty local restaurants, breweries and wineries.

VIP tickets are available at TasteofConejo.com for $100 a person, which includes complimentary valet parking and a one hour early entry into the event from 4-5 p.m.

General admission tickets are available until Oct. 1st, tickets online for $75. There are a limited number of tickets that will be sold at the door. 21 and over only will be allowed admittance.

For more on the events and its participants visit TasteofConejo.

The 11th Annual Reyes Adobe Days Festival

The Reyes Adobe Historical Site at 5464 Reyes Adobe Road, Agoura Hills holds an annual festival. This is good time for the whole family. And if your pre-teens are Disney fans, well you will make them quite happy if you plan on attending the parade. While the event runs from October 1 – 4, 2015. The weekend festival will take place 10/3 & 4 from 11am – 4pm.  But on 10/3 the Reyes Adobe Day Parade with celebrity grand marshal, Corey Fogelmanis, who plays Farkle Minkus on Disney’s “Girl Meets World”, starts at 10 am. RAD is not only fun but educational. The whole family can celebrate unique California culture and history on the grounds of an original 1845 California rancho. Rancho activities include pony rides and a petting zoo; art boutique and gallery featuring local artists; local craft beer; food; museum tours and more.

TICKETS: The family weekend festival admission is FREE of charge.  For select events (Senior Fiesta, Night@Adobe, RADrun, Gymkhana), purchase tickets at reyesadobedays.org 

Celebrate Westlake Village – More to Do!

Do not miss the City of Westlake Village’s 13th Annual City Celebration on Saturday, October 17, 2015 from 3pm to 8pm. If you aren’t from the area, this is the best way to find out what we already know. Westlake Village is the best community to live and work in – I can attest to that. At the celebration which features local performers, food trucks, and even a twilight run, your whole family will enjoy tons of fun. Be sure to check out the Goblin Gallop, magic show at 6pm and the popular White Oak Elementary Family Festival which features rides, a cake walk, inflatables, and a bake sale and silent auction. The Triunfo YMCA Twilight Goblin Gallop 5K starts at 5:30pm. There is also a one Mile Trick or Treat Fun Run at 6:15pm for kids. How fun is that? Kids who participate can stop at the numerous Trick or Treat stations along the course. Not only just for the little ones, this annual city event offers exciting performances and scrumptious food for all who attend. Free admission. For more information visit the festival website.

Booh! You Better Run! 

Haunted Trails of the Night 5K/10K Family Run/Walk is Saturday, October 17th at Paramount Ranch. Packet pickup at 6pm; race starts at 7pm. Runners of all levels and abilities are invited to experience trail running at night. This is open to the whole family. Those who are running or walking on the moonlit trails, will have a unique experience in the historic motion picture town of Paramount Ranch. If you are feeling extra social, stay after the run for a haunted post run hang in the historic old ghost town of paramount ranch. Drinks, food and fun. Also dress up in your best costume, there are awards!

Address: Paramount Ranch

2903 Cornell Road Agoura Hills

Parking and restrooms on site. Children MUST be accompanied by an adult. For more on the event visit the socalultrarunning site to sign up.

Home is Where the Heart Is…

Last but not least, don’t miss the 41st Conejo Valley Home Remodeling & RV Show. Homeowners, if you are planning fall and winter home improvement projects, now is your chance to talk with professionals for ideas and tips. The fall show is Saturday and Sunday, October 10 and 11 at the Hyatt Westlake Plaza (880 S. Westlake Blvd., Westlake Village). And it may be local, but this is no small production. Attendees will have access to over 170 vendors with information on everything from kitchen and bath remodeling to interior decorating and landscaping as well as advice for pools and spas. The latest RVs and offroad vehicles will also be on display from Simi RV & Offroad. In case you are a foodie, this event has you covered. Gourmet food trucks will be on site at the show on Saturday from 11 a.m. to 4 p.m., October 10.

Home Show hours: Saturday, 10 a.m. to 6 p.m., Sunday, 10 a.m. to 5 p.m. Free passes are available online at The Conejo Valley Home Show site. Admission at the door is $4 per person. For more information, call 805-529-0760 or e-mail showkase9@gmail.com. 

Bluegrass Music, Fire Engines, and Pumpkins!

The Underwood Family Farms’ 18th Annual Fall Harvest Festival will take place October 3rd to October 31st.  Here are only some of the highlights… 

  • Friends of the Farm Weekend on October 3rd & 4th. Proceeds will help benefit The Ventura County Sheriff’s Charity Organization Cops Running for Charity and The Ventura County Fire Department’s Charity Groups. Not only is this a worthwhile cause to support, your kids will love the demonstrations including fire trucks, ambulances, tank type vehicle, bomb squad with their bomb robot, police car/motorcycle and much more.
  • October 10 & October 11 listen to the best country and bluegrass music. And if you are a pumpkin lover, there will be a Giant Pumpkin Contest on Sunday, October 11!
  • Antique Tractor Weekend is October 17 & 18 (10am-4pm) with antique tractors and a tractor parade!
  • October 24 & 25 is Western Weekend – from 11am – 3pm, there will be stunt ropers, a covered wagon, music, magic and much more! At 3:00, the cowboys ride off, but the festival continues until 6:00pm with music, games, rides, races and tons of family fun.
  • The final day of the festival is Saturday, October 31, “All About Pumpkins” weekend, with live entertainment from 10:30-5:30! Also on the weekends, food vendors serve up the Lion’s Club hot dogs, hamburgers, roasted corn on the cob, pie, Spencer/MacKenzie’s Mexican food, shave ice, kettle corn, cookies and more.

The 2015 festival will be open from 9:00 am until 6:00 pm. Admission to the festival is $15.00 on Saturdays and Sundays and $6.00 per person Monday through Friday. Children under 2 are free PLUS parking is FREE! For more info visit the website at Underwood Family Farms.

This is just a small taste of why I love living and working as Real Estate Agent in Westlake Village. If you are a home buyer and looking for an award winning real estate agent, contact Lydia Gable Realty today to view current listings in Westlake Village and surrounding communities.

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Lydia Gable at Keller Williams Adds to her Team

LydiaGableandTeam

Thousand Oaks Acorn


*This article was recently published in Thousand Oaks Acorn. Great article… 

Lydia Gable, Keller Williams Adds to her Team

Realtor Lydia Gable with Keller Williams Realty recently announced the addition of two employees to her team.

Aubrey Slack has been licensed in real estate for over 13 years and has worked throughout California, Alaska and Texas. She will join Lydia Gable Realty Group as an executive assistant, managing all of Gable’s transactions.

Lisa Kass has been licensed since 2010 and has successfully helped buyers and investors in Los Angeles and the Conejo Valley. She will join the team as a buyer’s agent.

I am thrilled to welcome these talented women to my team,” Gable said. “We have worked tremendously hard to get where we are today, and now we have even greater capacity to provide outstanding customer service to our clients. That is our highest priority.

READ THE FULL ARTICLE HERE.

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Home Buyers: It’s Time to Buy Now!

Home Buyers - Buy NowThe Time to Buy: Today!

David Seaburg, head of sales trading recently said as reported by CNBC, “I think housing stocks are names you should continue to own here, especially in the face of wages improving and jobs growth.”  The consensus by a myriad of experts is that housing is on the verge of breakout. In May, the housing market saw the biggest numbers in years and real estate stock continues to grow. With real estate stock booming, this kicks the economy into high gear and then you guessed it, buyers go out and spend more.

Home Buyers: California is a Hot Market

Are you ready or are you still in a recession mindset? Maybe you are saying, “Well I don’t know if that applies to my corner of the world.” Certainly some markets are still struggling, but there are areas of the country that are very hot right now. Says chief economist at Realtor.com, Jonathan Smoke:

Our early read of real estate trends in June suggests good news ahead for the U.S. residential real estate market, especially in the hottest markets with healthy growth in supply. California again dominated the hottest markets list.

So if you are ready to buy or even poised to sell, now is the time.

Why Buy Now  in Ventura County?

Terry Savage, expert on personal finance, the economy and markets wrote recently on a Huff Post Money Blog,

The time to get into the market is when there is little competition pushing prices higher.

But if you look at the numbers, you have an exceptionally advantageous window of opportunity right now. It does not mean you cannot buy later, but in terms of investment, every economist is saying “get in now.”

As I wrote in my recent blog Housing Market Hits Record Highs, May and June numbers are leading housing experts to sit up and pay attention. According to a recent Metro Study Report, Ventura County closings are up.

Ventura County closings increased from 95 to 183 (+93%), and annual closings increased from 502 to 566 (+12.7%).

We can all focus on the the past mistakes of the 2008 housing crisis but it makes much more sense to embrace that we are in a strong recovery and it’s a time of growth and opportunity. The numbers, while they off to a slow start in January, have been steadily climbing. It is likely now that we are going to continue to prosper. If you are ready to sell, make sure your home’s curb appeal is shinier and more appealing than any others, so you sell at your listed asking price. The competition is tough. Make sure to get the right agent and professionally stage your home so buyers are begging to get in. If you are looking to buy, many of you who are new to Southern California might not know about a community, just a short jaunt from Los Angeles, Westlake Village. If you are looking for a home that includes Southern California resort style living, top schools and a close proximity to Los Angeles, this is the place to view luxury home listings.

For more on Westlake Village and surrounding areas like Thousand Oaks and Agoura Hills, contact Lydia Gable today.

 

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Housing Market Hits Record Highs

HomeBuyersFirst Time Home Sales Surge

In May, home sales surged to a 5 ½-year high. This is good news for the market indeed, as more first-time home buyers including the millennials, finally took the plunge going from rental homes to marriage and first homes. Additionally real estate stocks hit a huge multiyear new level high leaving traders to say invest, invest, invest.

As reported by The Business Journals, The National Association of Realtors chief economist Lawrence Yun, said that the increase in new home buyers flooding the market, could signal more recovery on the horizon. He added that:

The return of first-time buyers in May is an encouraging sign and is the result of multiple factors, including strong job gains among young adults, less expensive mortgage insurance and lenders offering low down payment programs.

Existing Home Sales Also Hit New Highs

Then just after NARS reported the flood of first time home buyers into the housing market, Reuters reported that ‘sales of existing homes hit their highest level since 2009’. Yun said this was promising although the supply is still short of the demand keeping prices on the higher end.

With all this talk of recovery, if you were one of the cautious hold-outs, now may be the time to buy. If you are considering a new home purchase or perhaps considering buying your first home, think about starting the search now. You could be in a new home just in time for the leaves to change and children to return to school.  If you still aren’t sure but you are at least thinking of buying a home, take a cue from the market numbers. Look at the stock – if you have doubts. The economy is in recovery—it is. It’s not a fluke. A majority of economists agree even while cautious that it’s no longer speculation, we are in the midst of economic recovery. Investors know it, existing home owners know it as they begin to list their homes now increasingly. But where is the best place to hang your hat and call home?

Buy Well, Luxury Living in Ventura County

One of the best recovering areas, not to mention one of most luxurious places to live in the country, is Ventura County. Home sales have been steadily climbing and existing home values have continued to appreciate. In fact the Ventura County Star reported this month that the median home price and value in Ventura County:

…climbed to $500,000 last month, the highest value in eight years, according to data reported Wednesday by the real estate information service CoreLogic.

So if you are young and plan on moving onward and upward, Ventura County is not only a wonderful place to live but also a sound investment for home buyers. More than the investment though, you will be living in an area with a year round perfect climate, beaches and canyon trails nearby, lakes and country clubs only a stone’s throw from your front door, and the best schools, shopping and restaurants in Southern California. What more could you ask for? Westlake Village, Thousand Oaks and Calabasas – it’s the privilege that comes with working hard and coming home to luxury.

For more information on viewing homes in Ventura County, contact Lydia Gable today. Stay tuned for the next blog which will be posted soon. Feel free to weigh in with your comments here if you live in Westlake Village or surrounding areas and you want to share more about the best area to live work and play.

 

 

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Homeowners Need to Conserve Whether The Well Runs Dry On Turf Rebates Or Not

 

droughtIn response to drastic mandatory cuts on water use, several agencies throughout Southern California are offering rebates to customers who remove their lawns and replace them with turf. While these incentives are no doubt enticing, the well is bound to run dry at some point. On funding, that is.

While very much appreciated, we’ve already seen evidence of the financial instability of these programs.

Metropolitan Water District of Southern California, which offers $2 and $1 per square foot of lawn removed from residential and commercial properties, respectively, recently declared its rebate funds had been fully committed. Fortunately, MWD voted this week to approve an additional $350 million to continue the program. Though the parameters have now been restricted slightly by placing a cap on the allowable rebate amount – $6,000 for residential and $25,000 for commercial – it’s still good news for homeowners. But how many more rounds of funding can the agency approve? The initial $100 million dedicated to the program was dispersed in about 6 month’s time. With mounting pressure for conservation, including Governor Brown’s 25% reduction mandate announced last month, MWD’s newly approved funding will likely disappear even more quickly this time around.

Locally, Calleguas Water District, which serves much of Ventura County, once added $1 per square foot to the MWD rebate but ran out of funding. The Calleguas website states the agency is taking three months to “streamline” the process, and refers customers directly to MWD.

Incentives are great, but unfortunately it’s not possible for these agencies to fund rebate programs for the duration of the drought. That’s why I encourage the homeowners I interact with to reduce consumption simply because it’s the right thing to do. Sounds “pie in the sky”, I know. And as a real estate professional, I know firsthand the leveling of pride that is required to let a lawn fade to brown, particularly for high-income clients who, realistically, can afford to pay fines for maintaining a lush, sprawling landscape.

However, there is a greater good to keep in mind, here. We are all in this together as Californians. We are fortunate to live in a beautiful place with a climate that is easy to take for granted – as easy as it is to take for granted that water will always pour from a tap when it’s turned on. But like any given region in the country, we have our own unique set of challenges inspired by Mother Nature. There should be no greater incentive than overcoming the threat of an unstoppable force in order to protect a place as uniquely beautiful as California.

It is my hope that we keep our priorities above the vanity of maintaining stellar curb-appeal and the simple comfort of a 20-minute shower, and truly sacrifice for this amazing place we are so fortunate to call home.

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Home Buyers – Location, Location, Location

 

Home LocationWhen searching for a new home, keep in mind location. Most buyers usually consider the number of bathrooms and bedrooms, the lot size, but in the final analysis, location is everything. We’ve all seen mansion-sized homes that are listed for a low asking price and then seen the same size home listed somewhere else for three times the price. What is the differentiating factor? Usually, the location is prime for the higher-priced home. Once the thrill of finding your dream home is worn a bit and you realize the commute to work is awful or there are no schools in the immediate vicinity, having a game room and several acres will mean a lot less.

When searching for a home in a great location, do the following research.

  • Commute

How long is the commute to work? If you love the home, it’s not going to mean as much if you are grumpy every time you return home from work. Also sometimes it’s not always the length of the commute but rather, can you handle it every day. Some commutes are longer but easier because of the direction you drive at rush hour. So try making the commute – can you handle it?

  • Safety and Schools

Is the area safe? Safety is always important. You can look up any statistics on crime for a given area. Obviously a potential buyer views a home during the day, but a neighborhood can appear very differently at night. Also, if you have children, it’s important to research the good schools in the area. Keep in mind, you may stay long term. So don’t forget to study the school rankings. Your children’s education depends on it.

  • Entertainment and Activities

Does the area offer entertainment options, shopping and activities? No home is the final answer. We don’t spend all day inside. So explore the area for nightlife, activities and local shopping. Are there things to do? Is there any good shopping, coffee shops, restaurants and/or outdoor fun near-by?

  • A Home Investment

Don’t forget that when you buy a home, location is not only a huge advantage while you live there, but of paramount importance when you decide to sell it. You may start out thinking “this is the home. I’ll never leave.” But things happen like job relocation, promotion, or you may just change your mind. If you decide to sell, being in the ideal location gives you a much better shot at getting your asking price.

The Conejo Valley: Why the Location is Everything

The Conejo Valley in Southern California is the prime location for home buyers. For all the aforementioned reasons, I sometimes list and close a property faster than you can say, “This is my dream home.” Thousand Oaks, Westlake Village and Agoura Hills are consistently ranked high in safety and school scores. Just a short commute to Los Angeles, the location is perfect if you want to live in a luxury, resort type setting but work in the city. The weather is perfect and shopping, outdoor hiking trails, lakes and Malibu Beach are just a stone’s throw from your door step.

For more on home listings in the Conejo Calley, contact Lydia Gable today for an appointment.

 

 

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Try and Buy – New Trend in Home Buying?

LYDIAPIC‘Fly and Buy’

The home buying process hasn’t changed in many years – find a home, make an offer, close. But according to a recent article in the Wall Street Journal, some people are doing a sort of test drive of the neighborhood before purchasing a home. Some realtors are even adding this type of incentive into their business. According to the WSJ feature, while it is still rare in most areas for buyers to request a test drive of a home or community before buying, it is becoming more prevalent in some luxury markets. And says the article:

Toll Brothers, one of the country’s largest home builders, has a Fly and Buy program for buyers who want to travel to a new town to check it out. Travel costs can then be put toward a purchase contract.

While in some areas the trend is growing, especially with motivated sellers, many real estate agents disagree with a ‘try and buy’ approach. Says Kimberly Dixon, a Houston based real estate agent, “it clouds judgment.” In an article titled Test Drive Your Home on HSH.com, Dixon weighs in on the new fad in home buying:

For the most part, the client will likely make more emotional decisions and pick apart a property’s minor attributes, while overlooking major value — such as a good price. It is my opinion that a logical and economic approach is the best way to undertake such large personal investments.

I agree with Dixon for the most part, but mainly because the area where I live and sell homes, Westlake Village, CA, is already an undisputed, highly sought-after location known for its luxury resort lifestyle, warm West Coast temperatures and top school rankings. Unless you are moving from another state, Westlake Village and its surrounding community is lucky enough to have its reputation precede most buyers’ interest. Quite frankly, I’m listing and closing, in some cases, faster than you can say, “Make an offer.”

Westlake Village – A Nice Place to Work, Live and Play…

If you’re in the Southern California area and thinking of making a home purchase in the near future, check out Westlake Village in the Conejo Valley. Spend a day hiking at Triunfo Creek Park in its 600 acres of trails, or visit Sherwood Country Club and its famed golf course at the base of the Santa Monica Mountains. Have dinner at one of the beautiful restaurants at the Promenade after a full day of shopping at the most exclusive shops in the area. If I can suggest any kind of “test drive”, I’d day, take a drive from Westlake Village to Malibu or into the city of Los Angeles, and experience for yourself, if you were to move to the area, how close you would be to everything while still enjoying a vacation resort quality of life. For that matter, I suggest you take the day and do all of these things just because – even you aren’t moving to Westlake Village – it’s the nicest place in the nation to work, live and play – if I do say so myself.

For more on home listings in Conejo Calley, contact Lydia Gable today for an appointment.

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