Simi Valley Real Estate News

Feb. 26, 2018

Texas Tract Simi Valley | Top 5 Benefits of Hiring a Real Estate Agent

Texas Tract Simi Valley | Top 5 Benefits of Hiring a Real Estate Agent

 

The National Association of Realtors (NAR) recently released their 2017 Profile of Home Buyers and Sellers in which they surveyed recent home buyers and sellers about their experiences. An entire section of the profile is dedicated to buyers’ experiences with their real estate agents.

 

If you are looking to buy in 2018, here are the top 5 benefits of using a real estate agent when buying your dream home as cited by recent buyers:

 

1. Helped the buyer understand the process – 60%

If you are new to the home buying process, an experienced real estate professional can explain exactly what to expect during the entire transaction so you aren’t caught off guard.

 

2. Pointed out unnoticed features/faults with the property – 56%

Whether it’s pointing out possible uses for an extra bedroom/office, or using their trained eye to see potentially disastrous hazards that may be hiding out of site, your agent is there to protect your interests and make sure your home buying experience is a good one.

 

3. Negotiated better sales contract terms – 47%

When it comes to negotiating the complex terms of your contract and coming to an agreement with the seller, it never hurts to have someone who has been there before on your side. If earlier in your search you found a couple of less than desirable features on the home you are going to purchase, your agent can make sure that contingencies are in place for you to pay the best price. Their analysis of comparable properties in the area will also help to make sure that your dream home is priced properly for the market.

 

4. Provided a better list of service providers – 46%

Real estate agents are titans of networking. Many have a list of preferred providers who they have worked with in the past and who they trust to work as a part of your team to make your dream come true. This can include mortgage professionals (listed as the #8 reason to use an agent at 22%), home inspectors, plumbers, contractors, painters, landscapers, home stagers, and so many more!

 

5. Improved the buyer’s knowledge of search areas – 44%

Local real estate professionals are often members of community organizations and are usually well versed in their area’s history. Their ties to the community make them a great resource whether you plan to relocate to a new area or across town.

 

Bottom Line

If your plans for 2018 include purchasing your dream home, let’s get together to discuss your options and to help you make the most powerful and confident decisions for you and your family.

 

Source.. KCM Todd Kaufman Blog

 

If you have any more questions about the importance of hiring a real estate professional when looking to buy a home in the Texas Tract Simi Valley or the surrounding community, don't hesitate to give me a call at 805-206-4313 or you can or by email at todd@kaufmanproperties.com. I would be happy to help you. 

 

www.kaufmanproperties.com - call or text me at 805-206-4313 for more information

Posted in home buying
Dec. 7, 2017

Texas Tract Simi Valley | Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC]

Texas Tract Simi Valley | Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC]

 

Over the years, I have seen many improvements to the Texas Tract Simi Valley. If you've been thinking of doing some renovations to your home and adding value to it, may I suggest the following...

Today, I would like to talk about the Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC]

 

Some Highlights:

Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI).

While big projects like adding a bathroom or a complete remodel of a kitchen are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.

 

Source.. KCM Todd Kaufman Blog

 

If you have any questions about home renovations, the Texas Tract Simi Valley or the surrounding community, don't hesitate to give me a call at 805-206-4313 or you can or by email at todd@kaufmanproperties.com. I would be happy to help you. 

 

Thinking of buying or selling a home? I would love an opportunity to explain to you what makes me and my marketing approach different.

www.kaufmanproperties.com - call or text me at 805-206-4313 for more information

Posted in General, home selling
Dec. 6, 2017

Texas Tract Simi Valley | Your Friends Are Crazy Wrong If They're Telling You Not to Buy

Texas Tract Simi Valley | Your Friends Are Crazy Wrong If They're Telling You Not to Buy

 

Southern California has long been considered a hotspot for real estate. The same holds true for the Texas Tract Simi Valley. Where else can you surf in the morning, hike in the afternoon and ski in the evening? Aside from being a great destination spot, many choose to call it home. As such, the dollar doesn't go nearly as far as many other places in the nation, therefore it's crucial that you surround yourself with professionals that know and understand the complexities of the market. People that understand that now is still a great time to buy. Interest rates are still relatively low, and California real estate has consistently provided a profitable return in the long run.

Today, I would like to talk about Your Friends Are Crazy Wrong If They're Telling You Not to Buy

 

The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong!

 

Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home in the country today in comparison to prior to the housing bubble and bust.

As we can see, the percentage necessary is less now than in those time periods.

 

The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states.

Bottom Line

Your friends and family have your best interests at heart. However, when it comes to buying your first home or selling your current house to buy the home of your dreams, let’s get together to discuss what your best move is, now.

 

Source.. KCM Todd Kaufman Blog

 

To learn more about buying a home in the Texas Tract Simi Valley or surrounding area,

give me a call at 805-206-4313 or email me at todd@kaufmanproperties.com

Posted in home buying
Nov. 17, 2017

Texas Tract Simi Valley | Mortgage Interest Rates Are Going Up… Should I Wait to Buy?

Texas Tract Simi Valley | Mortgage Interest Rates Are Going Up… Should I Wait to Buy?

 

There are some exciting changes beginning to take shape here in the Texas Tract Simi Valley. Residential developer and builder DR Horton recently closed escrow on the purchase of the Belwood Elementary School property that has sat dormant for so many years. Construction will begin shortly on the new single-family homes planned for the area. This development will commence on the heels of the completion of another one of their projects, Walnut Glen, which is currently being built just across Tapo Street. Walnut Glen will feature 18 new single-family homes, ranging in size from 2,492-3,144 sq. ft. They will offer single and two-story homes with 4 bedrooms and 2.5-3.5 baths. Click here to learn home.

Today, I would like to talk about Mortgage Interest Rates Are Going Up… Should I Wait to Buy?

 

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to lament the fact that they may no longer be able to get a rate below 3.5%. However, we must realize that current rates are still at historic lows.

Here is a chart showing the average mortgage interest rate over the last several decades:

 

Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago, a lower rate than your parents did twenty years ago, and a better rate than your grandparents did forty years ago.

 

Source.. KCM Todd Kaufman Blog

 

To learn more about buying a home in the Texas Tract Simi Valley or surrounding area, give me a call at 805-206-4313 or email me at todd@kaufmanproperties.com

Posted in home buying
Nov. 13, 2017

Texas Tract Simi Valley | 7 Reasons to List Your Home This Holiday Season

 

Texas Tract Simi Valley | 7 Reasons to List Your Home This Holiday Season

During the holiday season, its seems as though the real estate industry slows down. A large number of home buyers temporarily suspend their home search in hopes that the market will pick up after the new year. Sellers tend to view this time of year as less than optimal for selling their home. Both groups believe that the holidays are the worst time to be in the market and this couldn't be further from the truth.

 

Today, I would like to talk about 7 Reasons to List Your Home This Holiday Season

 

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

Here are seven great reasons not to wait:

1. Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.

2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.

3. You can restrict the showings on your home to the times you want it shown. You will remain in control.

4. Homes show better when decorated for the holidays.

5. There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year:

 

7 Reasons to List Your Home This Holiday Season | MyKCM

 

6. The desire to own a home doesn’t stop when the holidays come. Buyers who were unable to find their dream home during the busy spring and summer months are still searching!

7. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge reaching new heights in 2018, which will lessen the demand for your house.

 

Bottom Line

Waiting until after the holidays to sell your home probably doesn’t make sense.

 

Source.. KCM Todd Kaufman Blog

 

To learn more about selling your home in this market or simply want to know the value of your home, please give me a call at 805-206-4313

or email me at todd@kaufmanproperties.com

Posted in home selling
Nov. 8, 2017

Texas Tract Simi Valley | Low Inventory Causes Home Prices to Maintain Fast Growth

Texas Tract Simi Valley | Low Inventory Causes Home Prices to Maintain Fast Growth

There are some exciting changes beginning to take shape here in the Texas Tract Simi Valley. Residential developer and builder DR Horton recently closed escrow on the purchase of the Belwood Elementary School property that has sat dormant for so many years. Construction will begin shortly on the new single-family homes planned for the area. This development will commence on the heels of the completion of another one of their projects, Walnut Glen, which is currently being built just across Tapo Street. Walnut Glen will feature 18 new single-family homes, ranging in size from 2,492-3,144 sq. ft. They will offer single and two-story homes with 4 bedrooms and 2.5-3.5 baths. Click here to learn home.

Today, I would like to talk about Low Inventory Causes Home Prices to Maintain Fast Growth

 

The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros.

 

Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on buyers in the report:

“Unfortunately, the pace of new listings were unable to replace what was quickly sold. Home shoppers had little to choose from, and many had to outbid others in order to close on a home. The end result was a slowdown in sales from earlier in the year, steadfast price growth and weakening affordability conditions.”

 

What this means to sellers

Rising prices are a homeowner’s best friend. As reported by the Washington Post in a recent article post:

“The rise in median sales prices has made current homeowners much more willing to sell their home, and that willingness is one of the main drivers behind the inventory that does make it on to the market. While it hasn’t been enough to meet demand, it has made the situation much better, compared with even three or four years ago.”

 

What this means to buyers

In a market where prices are rising, buyers should take into account the cost of waiting. Obviously, they will pay more for the same house later this year or next year. However, as Construction Dive reported, the amount of cash needed to purchase that home will also increase.

“These factors have created a situation where the market keeps moving the goalposts in terms of the down payment necessary for first-time homebuyers to get into a home.”

 

Bottom Line 

If you’re thinking of selling and moving down, waiting might make sense. If you are a first-time buyer or a seller thinking of moving up, waiting probably doesn’t make sense.

 

Source.. KCM Todd Kaufman Blog

 

 

To learn more about selling your home in this market or simply want to know the value of your home, please give me a call at 805-206-4313

or email me at todd@kaufmanproperties.com

Nov. 5, 2017

Texas Tract Simi Valley | Why Sell Now Instead of Later? The Buyers are Out Now

Texas Tract Simi Valley | Why Sell Now Instead of Later? The Buyers are Out Now

Winter is a time to reunite and celebrate. Families come together from far and wide to commemorate the holidays with one another. Who, in their right mind, would think to sell their house now? Wouldn't it simply make more sense to wait until spring? Absolutely not! Now is the perfect time to sell your home. Many sellers in the Texas Tract Simi Valley and neighboring communities wait until after the first of the year to put their homes on the market, dramatically reducing the overall inventory. Even though the number of available homes has shrunk, buyers are still out in droves. In many cases, these are the some of the most serious and qualified buyers. 

Today I would like to talk to you about Why Sell Now Instead of Later? The Buyers are Out Now

 

Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s market. However, recently released data suggests that a seller’s best deal may be available right now. The concept of ‘supply & demand’ reveals that the best price for an item will be realized when the supply of that item is low and the demand for that item is high. Let’s see how this applies to the current residential real estate market.

 

SUPPLY

It is no secret that the supply of homes for sale has been far below the number needed for over a year. A normal market requires six months of housing inventory to meet the demand. The latest report from the National Association of Realtors (NAR) revealed that there is currently only a 4.2-month supply.

 

Supply is currently very low!!

 

DEMAND

A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report (which sheds light on the number of buyers out looking at homes) disclosed that there are more buyers right now than at any other time in the last twelve months. This includes more buyers looking at homes right now than at any time during last year’s spring market.

 

Demand is currently very high!! 

 

Bottom Line

Waiting until the spring to list your house for sale made sense in the past. This year is different. The best deal is probably available right now.

 

Source.. KCM Todd Kaufman Blog

 

To learn more about selling your home in this market or simply want to know the value of your home, please give me a call at 805-206-4313

or email me at todd@kaufmanproperties.com

 

Posted in home selling
Nov. 4, 2017

Texas Tract Simi Valley | Thinking About Buying? Know Your Credit Score

Texas Tract Simi Valley | Thinking About Buying? Know Your Credit Score

With today's low inventory in the Texas Tract Simi Valley, it's so important to put yourself in a winning position when it comes time to purchase a home. One of the best ways of accomplishing this is by ensuring that your credit is solid. 

Today I would like to talk to you about Thinking About Buying? Know Your Credit Score 

 

Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process.

Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your credit score, the more likely you will be to receive a better interest rate for your mortgage, which will translate into more ‘home for your money.'

Many potential buyers believe that they need a 750 FICO® Score or higher to be able to purchase a home. The truth is that according to Ellie Mae’s Origination Report, over 53% of loans were approved with a FICO® score under 750 last month!

 

  • Here are some tips for improving your credit score:
  • Make payments, including rent, credit cards, and car loans, on time.
  • Keep your spending to no more than 30% of your limit on credit cards.
  • Pay down high-balance credit cards to lower balances, and consider balance transfers to free up credit.
  • Check for errors on your credit report and work toward fixing them.
  • Shop for mortgage rates within a 30-day period — too many spread-out inquiries can lower your score.
  • Work with a credit counselor or a lender to improve your score.

Once you know your score, your next step will be finding a lender and getting pre-approved for a mortgage. Doing this will ensure that you know your budget before you start looking for your dream home.

 

Source.. KCM Todd Kaufman Blog

 

To ensure that you understand the process and make the right decisions, it's important that you have an experienced agent on your side; one that will protect your best interests at all times. I will provide you with all the necessary information you'll need to make informed decisions regarding home ownership. It would be an honor to work with you.

You can contact me at (805) 206-4313

or by email at todd@kaufmanproperties.com

Visit me online at www.kaufmanproperties.com to begin your search now!

Posted in home buying
Nov. 3, 2017

Texas Tract Simi Valley | Don't Let Fear Stop You from Applying for a Mortgage

Texas Tract Simi Valley | Don't Let Fear Stop You from Applying for a Mortgage

If you're looking to settle down in a small, friendly community with some of the area's best schools and close to shopping and restaurants, then the Texas Tract Simi Valley is just for you! This community was initially constructed in the early 1960's and consists of single-story ranch style homes in Northeast Simi Valley. With interest rates still very low, now might be the time to consider making a move. But, before you venture out looking at homes, you'll want to speak with a mortgage lender so that they can set you on the right track. Purchasing a home, while sometimes a bit lengthy process, is not as scary as many people think.

Today, I would like to talk about Don’t Let Fear Stop You from Applying for a Mortgage

 

A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification.

For many, the mortgage process can be scary, but it doesn’t have to be!

In order to qualify in today’s market, you’ll need to have saved for a down payment (73% of all buyers made a down payment of less than 20%, with many buyers putting down 3% or less), a stable income and good credit history.

Throughout the entire home buying process, you will interact with many different professionals, all of whom perform necessary roles. These professionals are also valuable resources for you.

Once you’re ready to apply, here are 5 easy steps that Freddie Mac suggests you follow:

1. Find out your current credit history & score – even if you don’t have perfect credit, you may already qualify for a loan. The average FICO® Score of all closed loans in September was 724, according to Ellie Mae.

2. Start gathering all your documentation – income verification (such as W-2 forms or tax returns), credit history, and assets (such as bank statements to verify your savings).

3. Contact a professional – your real estate agent will be able to recommend a loan officer that can help you develop a spending plan, as well as determine how much home you can afford.

4. Consult with your lender – he or she will review your income, expenses, and financial goals to determine the type and amount of mortgage you qualify for.

5. Talk to your lender about pre-approval – a pre-approval letter provides an estimate of what you might be able to borrow (provided your financial status doesn’t change), and demonstrates to home sellers that you are serious about buying!

 

Bottom Line

Do your research, reach out to professionals, stick to your budget, and be sure that you are ready to take on the financial responsibilities of becoming a homeowner.

 

Source...KCM Todd Kaufman Blog

 

If you have any questions about the Texas Tract Simi Valley, the local schools or surrounding community, don't hesitate to give me a call at 805-206-4313. I would be happy to help you. 

You can reach me at 805-206-4313

or by email at todd@kaufmanproperties.com

Thinking of buying or selling a home? I would love an opportunity to explain to you what makes me and my marketing approach different.

www.kaufmanproperties.com - call or text me at 805-206-4313 for more information

 

Posted in home buying
Nov. 1, 2017

Texas Tract Simi Valley | Renting or Buying…Either Way, You're Paying Someone's Mortgage

 

Texas Tract Simi Valley | Renting or Buying…Either Way, You're Paying Someone's Mortgage

With so much uncertainty in today's financial climate, Texas Tract Simi Valley real estate still stands as a solid long-term investment strategy. Couple that with the fact that rents are at an all-time high, homeowners are some of the only ones that position themselves to reap the benefits of financial stability year over year. 

Today I would like to talk to you about Renting or Buying…Either Way, You're Paying Someone's Mortgage

 

There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical Steps to Getting Rich,”

 

“While renting on a temporary basis isn’t terrible, you should most certainly own the roof over your head if you’re serious about your finances. It won’t make you rich overnight, but by renting, you’re paying someone else’s mortgage. In effect, you’re making someone else rich.”

 

Christina Boyle, Senior Vice President and head of the Single-Family Sales & Relationship Management organization at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent:

 

“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”

 

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to build equity in your home that you can tap into later in life. As a renter, you guarantee the landlord is the person with that equity.

Interest rates are still at historic lows, making it one of the best times to secure a mortgage and make a move into your dream home. Freddie Mac’s latest report shows that rates across the country were at 3.94% last week.

 

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, now may be the time to buy.

 

Source...KCM Todd Kaufman Blog

 

If you have any questions about the Texas Tract Simi Valley, the local schools or surrounding community, don't hesitate to give me a call at 805-206-4313. I would be happy to help you. 

You can reach me at 805-206-4313

or by email at todd@kaufmanproperties.com

Thinking of buying or selling a home? I would love an opportunity to explain to you what makes me and my marketing approach different.

www.kaufmanproperties.com - call or text me at 805-206-4313 for more information

 

Posted in home buying