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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First Quarter Housing Market Update – 2015

 

R.E. Market Update – March 2015

Late 2014 and early 2015 saw some slowdown in the housing market, but it looks like hope springs eternal. April and May could bring much needed relief. Spring is typically a busy time anyway for home buying but we aren’t quite there yet, numbers-wise. In any event, as I have reported for the past few years, here is my housing market update for the first quarter of 2015.

The first quarter report, according to DataQuick saw a marginal improvement month to month –  “an estimated 25,585 new and existing houses and condos sold in California in February 2015, a one percent increase from January 2015.”  Although this percentage is not up or even close to the numbers from 2014, California Association of Realtors (C.A.R) President Chris Kutzkey, says there are encouraging signs. Krutzkey seems to be of the motto, improvement is improvement regardless if it’s year to year or a simple incline from a dip the previous month. He says:

While February’s statewide improvement in the housing market was moderate, it’s an encouraging sign, nevertheless, as we head into the spring home-buying season. On the supply side, housing inventory improved overall with active listings growing at a faster pace of 5.3 percent when compared to last February.  Regionally, both active listings in Southern California and Central Valley increased moderately from last year.

Home Sales in Ventura County

Regionally, in Ventura County the median sold price of existing single-family homes is up for the most part. While the number is not up from February in a month to month comparison, it’s up since last year and compares favorably to most of the counties in Southern California. See the numbers chart from C.A.R.

Los Angeles

$419,260

$441,610

$389,080

-5.1%

7.8%

-0.3%

-3.2%

Orange County

$680,290

$674,340

$677,700

0.9%

0.4%

10.9%

6.3%

Riverside County

$323,220

$306,060

$302,370

5.6%

6.9%

4.3%

-7.7%

San Bernardino

$213,930

$206,660

$186,440

r

3.5%

14.7%

-7.8%

-0.6%

San Diego

$499,000

$496,380

$476,780

0.5%

4.7%

14.8%

5.7%

Ventura

$568,840

$582,630

$558,490

-2.4%

1.9%

-1.7%

6.4%

CoreLogic analyst Andrew LePage told the Los Angeles Times last week in an article titled, Southern California home prices rise, sales fall in February, that Spring has not quite sprung yet for the housing market – the true tale will be in the inventory numbers. Said LePage:

This feels a lot like early 2014, with home sales off to a slow start. And just like a year ago, one of the big questions hanging over the market is whether we’ll see a sizable jump in inventory this spring and summer.

Says the Times, however, not to fret, C.A.R. reports that there is some good signs on the inventory front. On Monday, C.A.R. reported 5.8 months worth of homes unsold on the market in Southern California, just shy of the six months that economists consider “normal” supply.

The Times also reports the strongest growth is in Riverside County, not surprising since the Millennials have a great impact there and have started buying as I reported in an earlier article from my blog. Also, San Bernardino County hit yearly highs, as did Ventura County where sales grew by 9.8%. Yay us…

Spring Home Buying…

In Westlake Village, Agoura Hills and Thousand Oaks, there has definitely been a surge of activity in the housing market especially as spring approached. As early as March, we started experiencing multiple offers on well-priced updated homes.  Inventory is still low, but it is starting to increase slowly.  The interest rates are low – good homes are definitely moving quickly!

Spring has sprung! Typically a busy season, if you’re ready to buy or sell, there is no time like the present. Don’t wait for an analyst to say it’s time, jump in now. You could be in your dream house by summer! And no matter what the “numbers” say, there is no better feeling than coming home.

Lydia Gable is a 2015 Quality Service Certified® Platinum Realtor in Westlake Village. Her proven track record and satisfied clients make her Ventura County’s top ranked real estate agent. If you are interested in viewing properties or listing your home, contact Lydia Gable today for an appointment.

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Quality Service Certified® Platinum 2015  

Quality Service Certified® Platinum

Typically not one to toot my own horn, I do like to celebrate good news – As such I’m honored to share with you the latest which is that I have been granted the highest level of service achievement in real estate, Quality Service Certified® Platinum. The award is given in recognition to those who receive 100% client service satisfaction according to the Leading Research Corporation. So I am proud to say that 2014 for me, did indeed garner 100% client satisfaction. But I won’t take all the credit – I have the best clients in the world.

Truly, what I really like about the consumer feedback from QSC is that it’s reliable, a real gauge for me that I’m doing my best work. QSC uses a “closed” survey approach which means that consumers can be assured of the legitimacy of the reviews; they are collected from real life home buyers and sellers on their past customer experience. Larry D. Romito, President and CEO of QSC added:

Nothing is more important to a prospective client in selecting a professional than the service results achieved with past clients. Consumers have greater confidence in service reliability, results and satisfaction with a Quality Service Certified real estate professional because they know that the agent’s service record has been validated by an independent third party.  100% service satisfaction record like Lydia Gable has achieved is just awesome.

Living and Working Where I Love…The Best Reward

Larry’s comments are lovely, but my real estate clients are simply awesome. What a privilege to work with home buyers and sellers in the beautiful Conejo Valley. I’m so lucky to be able to work with terrific peers at Keller Williams in the real estate industry and to live, work, and play in the best community in America.  It doesn’t feel like work when you do what you love. Moreover, when you love where you live – helping people buy and sell homes in the very same community I call home – well it’s more like a passion than a job.

If you want to view homes in the Conejo Valley or you are ready to sell, contact Lydia Gable today for an appointment.

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Millennial Home Buyers, ‘Y’ the Trend Matters

Millennial Home BuyerThe Millennial Home Buyer

After a bit of delay, a new generation, the Millennial home buyers, have finally entered the housing market. Generation X—those ages 33 to 47—made up the majority of home buyers, (31 %) in 2012 reported by the National Association of REALTORS®. However as of March 2014, the generational trend has shifted says the newest numbers published in the NAR Home Buyer and Seller Generational Trends.  The trend now, Gen Y—those 32 and younger—now makes up the majority of home buyers (36 %) followed closely by Generation X. So what does this generational group of buyers forecast for the market? Says CNN Money, Realtor.com Chief Economist, Jonathan Smoke, “predicts that new home sales will climb by 25% next year. And in some markets, the influx of young first-time buyers will be especially significant.” And yes, Los Angeles is included in the 10 hottest housing markets for 2015 due in part to the influx of first-home Millennial buyers. According to the article, the Los Angeles housing market will experience a growth spurt this year due to these new buyers:

Los Angeles 2015 home sales forecast: +6%

By virtue of Los Angeles’ immense size — the metro area population has surpassed 13 million — even moderate household percentage growth translates into a lot of people, which helped put LA on the top 10.

Y Home Buyers: ‘Mobile’ and Timid?

What does the Gen Y home buyer trend signify for the home market overall? A few things – considering Gen X was leading the way for the past few years in what was a depressed economy, this changing of the generational guards could be quite significant for the market. According to NAR, “97 % of these Gen Y buyers are financing their home purchase as opposed to 55 % of the Silent Generation and 88 percent of the overall buyers.” This is quite significant not only for the economy but what it potentially means over the next 5-10 years for Y’s — or Millennials as they are more commonly known—and for the generation behind them, watching their moves carefully. While Gen Y was late to the home buying game and have not lead the race in terms of first-time home buyers percentages tracking, it is likely in part due to the fact that they watched Gen X-ers and Boomers experience a market housing bubble, subsequent market crash, and a depressed economy. And it should also be noted that banks were no longer lending. But, more likely, as they seem to be trend setters, marching to the beat of their own drums, is that some of this waiting may be more attributed to the fact that they watched the generation before and have decided to make their own rules. Keep in mind this is the first truly mobile only generation. NAR says:

Gen Y is most likely among generations to also look online for information about the home buying process. More than half of Gen Y used a mobile device during their home search. Among those who did, 26 percent of Gen Y found the home they ultimately purchased via a mobile device.

‘Move Over Boomers…’

It could be a powerful few years now that Millennials have jumped into the housing market. Millennials are “estimated at between 70 and 80 million people, the biggest population bulge since baby boomers,” according to an article on The Real Deal. Also they are not the city slickers that Gen X was or that speculators portended. These independent spirits crave space and the suburbs over their predecessors who ambitiously headed for the city.

And…quite significantly, while Gen Y surpassed X in the third quarter of 2014 by a few percentage points, says The Real Deal, they were late bloomers waiting longer to buy… Says the feature:

… the home ownership rate for heads of households under 35 was only 36 percent in the third quarter of 2014 was the lowest rate since the U.S. Department of Commerce started tracking the statistic in 1994.

A recent article in the Wall Street Journal, reported that according to a recent survey of Millennials, they’re not following what speculators and forecasters assumed would be a “city-dweller” trend for this group. The survey released by the National Association of Home Builders, suggested that “based on responses from 1,506 people born since 1977, found that most want to live in single-family homes outside of the urban center, even if they now reside in the city.”

Fewer young people are buying homes because women are waiting until later in life to have their first child. The average age of a mother at her first childbirth was 25.4 years in 2010, up from 22.7 in 1980, federal statistics show.

So it looks as though Millennials will be a huge force to watch over the next 10-20 years. Essentially, now that they are having babies and starting families and moving out to the suburbs, Y buyers are driving the housing market.

Finally, watch Jonathan Smoke, Chief Economist of Realtor.com, talk about the significant of this new influx of buyers. Says Smoke, “The economic opportunity favors the young. Collectively, they will drive housing trends for at least the next 20 years. Move over, baby boomers—there’s a new economic force in town.”

As the market home market continues to grow and change, I’ll continue to keep you posted on the exciting news especially the updates coming from these unconventional home buyers over the next year…

If you are ready to purchase your first home or interested in viewing homes in Ventura County, contact Lydia Gable today for an appointment.

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Drones in Real Estate Marketing

Dronepic‘Drones Set to Flood the Skies…’

As a Realtor and marketing professional, of course I understand the value of crystal sharp images as a tool in real estate marketing. If anyone had told me ten years ago that in just a mere decade, the Federal Aviation Administration (FAA) would approve the use of drones in real estate marketing by allowing the use of aerial photography for real estate, I certainly would have doubted the sanity of the source. However, here we are a decade later and the FAA has approved (with restrictions) the use of drone photography for commercial users which includes Realtor. But before you go rent a drone for your next hot property, currently there are a litany of restrictions, enough paperwork to keep most newbies out of the friendly skies…at least for now. Not for long I predict—as with any trend this one is building speed quickly—and it’s a competitive industry.

In a recent article titled, Drones set to flood the skies of America under new FAA rules, the reporter claims that these remote controlled robotic quad-copters are set to become common sightings within the next two years. And judging by their popularity for commercial use, it’s likely be less than two years although challenges regarding privacy laws are already be waged in California. Says the article…

Mickey Lindsay, vice president of Oregon First, Realtors, said she is certain that pilotless aircraft “will become a standard tool in property marketing.” While real estate agents and prospective buyers already have access to satellite and street view images, drones may be the best way to capture an overall view of some properties, she noted.

Jackson: ‘Aerial Invasions of Privacy’

As the real estate market continues to rebound and investors flood the California market to scoop up properties, the addition of drone use definitely brings with it a newness and enthusiasm to an industry which has suffered in past years. And this recent ruling over the weekend is exciting to say the least. However, Senator Hannah-Beth Jackson, D-Santa Barbara, says essentially, not so fast. Jackson is proposing stiff privacy regulation following the recent FAA ruling. According to a report by KCRA news, “Jackson has introduced SB 142, which she said would protect people from aerial invasions of privacy.” She told the station:

Suddenly a drone was about 15 feet away, hovering about eyeball to eyeball. If you were to jump over your neighbor’s fence and stand in their yard recording what they had to say, that’s a trespass, Why should it be any different with a drone?

The Final Word on Drones in Real Estate…

As the final word, while the final book on commercial drone use has not been written, I cannot predict with accuracy the future prevalence of drone photography use in the housing market. However, until then, here’s what I do know –

With or without aerial drone photography, I bring 15 years of experience as a business executive in marketing and management and over a decade of real estate experience to all my Westlake Village real estate clients.  If you are interested in purchasing a luxury property in Ventura County, I promise to provide the most up to date, tech-savvy marketing, excellent satellite images, crystal clear professional photos, and a virtually unsurpassed track record of award winning experience. Where are the drones, you ask? Let me get back to you on that…

If you are a prospective home seller and you’re ready to list your home, or you are looking to view homes in and around Westlake Village contact Lydia Gable today for an appointment.

 

 

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Homes – Hidden Hills and Calabasas

Hidden Hills and Calabasas

In our spotlight on home series which has become quite popular, this article focuses on luxury homes in Hidden Hills and Calabasas. The swank Los Angeles suburb of Calabasas, California, has an ever expanding roster of past and present celebrities. Most known for its celebutantes like the Biebs, his on-again off-again love, Selena Gomez, and of course the Kardashians, this community is home to a myriad of TV and film stars. While there are some more moderately priced neighborhoods in this suburb, what you see in the media is typically the lavish homes located in Hidden Hills.

As part of the San Fernando Valley, Calabasas is part of the West Valley and is considered one of the more wealthy suburbs located about 30 minutes from Los Angeles – although it feels like a hidden enclave a million miles away from L.A..  A little history, according to Grantland.com, reveals:

Calabasas was originally home to the Chumash people, the area “discovered” by Spanish explorers in 1776. And…Most of the public idea of Calabasas comes from the gated community of Hidden Hills, which is actually considered its own municipality (California is the only place in the U.S. where gated communities have been legally categorized as separate cities).

Hidden Hills is an area in Calabasas made famous by wealthy bad boys and reality stars but the truth is that it is a gorgeous, affluent, gated community. Hidden Hills is the second-wealthiest neighborhood in Los Angeles County.

Hidden Hills: More Bang for Your Buck?

Although Hidden Hills is rife with mansions and wealth, your money is quite frankly, well spent on homes here. In the valley there is more land for your dollar especially in the West Valley. The weather is a little warmer so you give up a bit of the ocean breeze and lower temps, but you are still a stone’s throw from Malibu. If you choose to venture out. Malibu is just over the hill.

In addition to its glitz, if you are starting a family, Hidden Hills is home to the Round Meadow Elementary School, one of the highest rated in the community – take a look at what parents say about this gem in the “hills”.  Also, you are adjacent to the very high rated school districts of Oak Park and Malibu.

Dining, Shopping and Leisure in Calabasas…

For leisure, shopping and dining in Calabasas is not to be outdone. Residents here enjoy the famed outdoor promenade known as The Commons – designed by the same developer Rick Caruso of Caruso Real Estate who designed Los Angeles’ The Grove. As with The Grove, it’s just as lavish and has become as much of a tourist attraction. According to The Commons Web Site:

With its elegant open air layout, distinctive Mediterranean architecture, lavish landscaping and fountain areas, The Commons is the ultimate in shopping, dining and entertainment

Outdoor Activities: Golf, Hiking and Surf…

Activities in Calabasas abound – home to the Calabasas Country Club, the city boasts a championship golf course.  If you enjoy hiking, you are steps away from some of the best Southern California hiking trails as you will live nearby to Saddle Creek which is in the Santa Monica Mountains and Malibu Creek State Park. And if you want to get your surf on at the beach, hop in the car and head to Malibu Beach.

Undoubtedly, Hidden Hills in Calabasas is the place to live in Los Angeles County and obviously the reason so many celebrities and business magnates flock to buy estates in the West Valley. If you are looking for your dream home and the ultimate in luxury and quality of life, consider a home in Hidden Hills.

For more information on viewing homes in Hidden Hills or in the surrounding communities, contact Lydia Gable today. And stay tuned for the next spotlight which will be on Westlake Village, a dream community and my very own town for home, work and play.

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Mortgage Delinquencies Lowest in 6 Years – Good News

Fewer Delinquent Mortgage Payments, Better for You

Reports out this week revealed that fewer U.S. homeowners are delinquent on their mortgage payments. The numbers indicate that the late-payment rate on home loans hit the lowest level in six years the third week in August, according to credit reporting agency TransUnion. All good news to report – in fact these latest mortgage delinquency numbers are down from the first quarter of this year, when they were at 3.61 percent.

Housing Market Recovery: It’s REAL

The steady decline in home payment delinquencies, which has been consistent over the past two years, indicates that the American housing market is absolutely in recovery. In case anyone is still leery of a housing bubble, and there are hold-outs, this fact — recovery that is— is further bolstered by the home sales rebounding while foreclosures are steadily declining. Newsday reports that the good news is due in part to a decline and slow elimination of the “bad” home loans of 2008 and earlier, many of which resulted in foreclosures. At this time, some of the delinquency improvement can be directly attributed to more and more of these “bad” loan accounts being closed—most of the homes from this era have been sold or foreclosed upon— and an improvement in job growth and the economy. For those who are still suspect, I should say that this was big enough news that all of the major reporting agencies picked it up as a lead story last week including the Associated Press. Notably, this is definitely not self-adulatory reporting from realty associations in an effort to promote home sales. These are real numbers.

What Does This Mean for Home Owners/Buyers?

What does this mean for you as a home owner or potential home buyer? Well, that’s the best part of this news. Mortgage rates are falling and home values are increasing as a result of fewer delinquencies. According to The Wall Street Journal in an article titled, U.S. Existing-Home Sales Up 2.4% in July, The National Association of Realtors released a statement last week. It read in part:

The U.S. housing recovery gained traction in July as sales of previously owned homes rose to their highest level in 10 months. Not only were sales last month at their highest level since last September, but fewer transactions came from short sales of underwater homes and foreclosures.

Chris Christopher, consumer markets expert at IHS Global, also spoke to Fox News Business last week in the wake of the recent positive reports. He said that many Americans have improved their finances now that we are out of the recession. making them more likely to make on-time mortgage payments. Added Christopher:

What you can see here are consistent improvements; American households are doing relatively better. Household net worth is improving and people who have been foreclosed on have worked their way through the system.

Christopher added that IHS predicts “disposable income will make strong gains in 2013” making everyone more financially comfortable.

Isn’t nice to read some good news for a change?

Lydia Gable is an experienced and respected real estate agent in Ventura and Los Angeles counties for over a decade. Lydia has been honored with the Platinum Award from Keller Williams International and a #2 Ranking Individual Agent in Keller Williams Westlake Village. Thinking of purchasing your dream home? Contact Lydia Gable today for consultation or call (818) 934-8902.

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Must Move in a Hurry: Tips to Ease the Process

I Have to Sell a Home in a Hurry!

You’ve only recently settled into a new home, you’re acclimating to the new neighborhood and suddenly your spouse comes home and says the dreaded, “I’ve been transferred. We have to move in two weeks!”

Before you panic, take it in stride – others have successfully navigated this scenario, so it can be done. With a little help from an experienced realtor and a good plan, you can move with ease through a difficult transition. As a realtor, I’ve worked with many professional athletes, film industry professionals, and corporate executives – hurried moves come with the territory.

Tips to Move in a Hurry

First and foremost, choose a realtor who has navigated this tricky terrain before. First decide if you will be renting the home out for a bit when you move or if you plan on selling your current home right away and buying in the new neighborhood. If you can rent or have one spouse stay behind while your home is on the market, this is the easiest choice. However, if that’s just not possible, you will need a very trusted agent that you trust to communicate long distance. Here are some tried and true tips that will help guide you through the process.

  • A Realtor You Trust

An article on Realty Times recommends that you stay in touch with your realtor and get constant updates. How is the sale price faring? How many people viewed?

Also the right realtor will assist you in hastening the paperwork process, completing all the necessary documents such as disclosure forms, and listing your home the minute you give him or her permission. For my clients I will go one step further. I have been known to check in on the home regularly, remove mail, let the house cleaners in so the home stays dusted and pristine, make sure the gardeners take care of the grass and flowers, and even open the windows or turn on the air conditioning when necessary. These are steps that, while not standard, are not out of the realm when you partner with a good realtor. It’s the best way to ensure that buyers will view the home comfortably.

  • Curb Appeal

Curb appeal is still important and may be even more so if you are vacating while the home is listed. You may have to hire landscapers and workers to up keep the house while you are trying to sell. Ideally it sells and closes quickly—back to step one: choose your realtor well—but in case there are hiccups, you need to maintain the curb appeal. Says the Realty Times feature:

Make sure the curb appeal lasts. That means you’ll need to hire someone to mow your lawn, rake the leaves, or shovel the snow.

  • Price Your Home Correctly

Price your home correctly. Your experienced realtor should guide you here. It’s not the best idea to attempt to sell the home on your own when you’re under the gun for time. Says an article in TheWall Street Journal:

Consider paying for an independent real-estate appraisal or do a survey of the actual prices comparable homes.

Buying a home is a big moment in every homeowner’s life. Whether you are a potential home seller, a seasoned seller, or up against a deadline. If you’re ready to sell your home, you know that the realtor you choose could be a deciding factor in how quickly and successfully your property moves through the market. If you need to sell your home in a hurry, call Lydia Gable today for an appointment.

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Turnkey Homes: ‘Turning’ Up the Dial on Conejo Valley Home Sales

“Turnkey” home listings have experienced a recent jump in popularity specifically on the West Coast. The term “turnkey” refers to those properties which require no renovations or repairs. The house is ready to move in – everything inside it is part of the asking price. West Coast realtors, including yours truly, have found when it comes to home sales, these types of homes are ‘turning’ home listings into fast closings. As a realtor, I thought you’d find it interesting to hear my unique perspective on turnkey homes. While in years past, the trend leaned more toward building a home to exact specifications, now as the market finds a new resurgence, turnkey homes are indeed ‘in’ again.

What Realtors Say About Buying Turnkey

Although turnkey listings tend to be a bit more expensive than traditional home listings, buyers like this option because once you close on the home your expenses are essentially complete. A recent article on MSNBC says that there has been an increase in popularity—mainly on the West Coast and in vacation communities—for turnkey properties. In the article titled, Where to Find Turnkey Homes, Susie Nancarrow, broker and owner of Nancarrow Realty Group in San Diego County is quick to point out though that turnkey “isn’t necessarily synonymous with move-in ready.” She says:

… a 1970s-style house in great condition isn’t turnkey because it’s dated. I usually use ‘turnkey’ when the house is up-to-date with today’s buyers’ expectations.

At the end of the day, the process is much simpler. There’s no need to imagine where the children’s room will go, how you will renovate. View real estate listings, choose the home you fall in love with, make an offer, close and the best part awaits. Put the key in the lock, turn it and voila, you are home.

The Benefits of Buying Turnkey Real Estate

The real reason a buyer wants turnkey-ready is two-fold. The buyer may be a very busy executive with very little time to remodel. With interest rates at an all-time low– the prices while a little higher than traditional home sales are still very low. The buyer is then more willing to pay a premium for this type of home.

Home buyers understand that to remodel a home they will need a minimum of 20 percent down to purchase it in addition to the money it will cost to then do the remodel. So the idea of only paying for the home with no additional costs can be attractive. If a kitchen needs a remodel for example, this could cost the home owner another $50,000 to $75,000.00. To redo windows for example, it could cost $20,000. To upgrade to central heating/air, it could be another $15,000.00. If a buyer only remodels the bathroom, it could cost upwards of $10,000 and $25,000.00 just to remodel the master bedroom. These are estimates of course, depending on the size of the home, but one can clearly see the benefit and savings based on these examples, in choosing a turnkey home.

Is there a down-side to buying a turnkey home? Not really – if there is, maybe one could say “it doesn’t have my personality stamp”. But the truth is, if you fell in love with the home in the first place, it does – it must speak to some aspect of your personality and personal taste! And there is no saying down the line, you can’t make changes or add special touches. But truly, if you’re buying a vacation or a holiday home or even buying your first home, this is a good move. I think especially if you must move in a hurry for a job change, a turnkey home can be the perfect alternative to a traditional option. So there you have it –just one realtors perspective. Good luck on your home search whether it’s for a turnkey home in Westlake Village, a mansion in Calabasas or a condo in Thousand Oaks, your home is wherever your heart is!

For more on “turnkey homes” or to view property listings in the Conejo Valley, contact Lydia Gable today.

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