Real Estate Market

Featured Listing

Featured Listing

For Sale: $530,000

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Market Trends for Ventura County

Fall Market Update

This month we take a look at our local market activity and median sales price over the past year and the trend lines moving forward.

Our typical fall market sees a 20%-25% reduction of homes on the market compared to the spring and summer markets. This means sellers will be competing with fewer homes on the market.

Additionally, with interest rates pulling back over the course of this year will continue to good buyer demand moving forward. 

3 Ways to Add Value to Your Home

The value of your home fluctuates constantly and is dependent on factors such as location, local growth, your neighbors’ homes, and current market conditions. Those factors are out of your control; however, you can add value to your home yourself through the upgrades you make to your home. Here are some easy, budget-friendly ways to add value to your home.

Backsplash

You don’t have to spend a lot of money to add value to your home. Start with small upgrades like a new or refreshed backsplash. Applying a fresh coat of paint can cover up old stains and scratches. Retiling the backsplash is a task most beginner DIYers can achieve and will make your backsplash look brand new. Many home improvement stores also offer peel and stick backsplashes for an even easier application.

Hardware

Upgrading the hardware, such as your door knobs, cabinet handles, and even light fixtures in your home can give it a more modern feel and help you make a statement. If you aren’t sure what kind of hardware you’d like to use, consider looking into stainless steel. It’s easy to care for, very durable, and attractive.

Paint

A fresh coat of paint can do wonders for your walls and cabinets. Make any room feel cleaner and more welcoming. Just remember to keep the colors neutral if you’re planning to sell your home.

3 Financial Questions to Ask Before Selling Your Home

Before you sell your home, you need to understand the finances involved in the process. This will help ensure you have a smooth transaction and set you up for success with your next home purchase. Here are the three most important questions to ask yourself before you get started:

What are the current market conditions?

As a general rule of thumb, the best time to sell is when listing inventory is low. More buyers vying for fewer houses means you’ll likely get a better deal for your home. When listing inventory is high, buyers have more options and you may need to price your home more competitively to get offers.

How much can I reasonably expect to get for my home?

Depending on the current market, the condition of your home, and how much homes similar to yours sold for recently, I can create a comparative market analysis that will give you a good idea of how much you could expect to get for your home.

How much do I owe on my home?

If you owe more on your home than it’s worth, it may not be a great time to sell. However, if you’ve built up a good amount of equity on your home, you could be looking at receiving a large check for selling your home. Take the amount you expect to get for selling and subtract how much you still owe to get a basic idea of how much you could walk away from the closing table with.

Figuring out if it’s the right time to buy or sell a home can be tricky. If you have questions or would like help figuring out when the right time to move is for your family, let me know. I’ll be glad to help!

Contact Information

Photo of Harold Powell Real Estate
Harold Powell
RE/MAX Gold Coast Realtors
5720 Ralston St. Ste. 100
Ventura CA 93003
(805) 339-3516