The Easiest Way to View Ventura County Properties

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Selling a home? Click here for a FREE Home Value Report

Today, I want to let you in on a special service that only we have to offer: a special virtual tour of any property in Ventura County, free of charge!

Have you ever really wanted to see a home in person, but were so busy you didn't have time? We understand how tough it can be to make time to physically visit a home, so we've made it possible for a buyer's specialist to do it for you. We can shoot a video of any home you would like to see, and we could upload it to YouTube and email it to you.

This is a service that is usually done for investors or high-end buyers who are busy and have a lot going on, but this service is now available for you as well. Whether it's a mobile home in Fillmore or a beach house in Oxnard, we're here to help. This is a great resource that will cost you virtually nothing!

If you're interested in this service, or if you would like real estate assistance of any kind, please don't hesitate to reach out to us. We would love to hear from you!

Why Aren’t Millennials Buying Homes More Frequently?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report

One thing we know for certain about the real estate market is that it is never going to stay the same for long. Today we want to talk about an interesting trend we’ve noticed in real estate: millennials are waiting longer to purchase their first homes than their parents did. 
 
The typical first-time buyer now rents for an average of 6 years before buying a home, which is up from 2.6 years in the early 1970’s,according to Zillow.

  
We came across a great video on the topic from CNBC. To save you some time, I will give you my three biggest takeaways from the video.

1. Down payments are a huge factor
Renters in today’s market are struggling to save for down payments and qualify for mortgages. Most first-time buyers still depend on personal savings for at least some of their down payments, but rising rental prices have complicated the task of socking away money for a down payment.

2. Rising rental rates are complicating things as well 
Rental rates are causing 46% of renters aged 25-354, to spend more than 30 percent of their incomes on rent, up from 40 percent a decade earlier.

3. Job security is important to millennial buyers 
The Money Source, a mortgage lender, examined applications from 5,404 millennial buyers and found that these buyers averaged nearly 4.5 years in their field of work and had held their current job for slightly more than three years. Those figures point to how critical career stability is to a younger generation.

Thanks for joining me today. Talk to you soon!

Recent Trends in the Fillmore Real Estate Market

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Value Report

Today, we'll discuss what's been happening in the real estate market, and what it means to you.

There are over 38 homes on the market over the last 24 months. We've never had 38 homes active on the market. As a seller, this means inventory is starting to increase, and prices may start to decrease.

As a buyer, this means you will have more room to negotiate. However, we are still seeing multiple offer situations on homes priced between $290,000 and $350,000. Homes under $290,000 are smaller, and so multiple offers aren't as common in that price bracket.

If you are interested in buying or selling real estate, or if you have any questions on today's video, give me a call or send me an email. I'd be happy to help you!