Wednesday, June 29, 2005

Perfect for the 1st Time Buyer, or Investor!

Just Listed! Posted by Hello
Check out this 2 bedroom townhome in a great location at Marina Village. The homeowners dues are just $165, can't beat that!

Monday, June 27, 2005

New Beach Listing!

Just Listed! Posted by Hello
108 Santa Cruz
Oxnard, CA
This home is on a cul de sac at Hollywood Beach with the sand on one side and the harbor on the other. It's been previously used as an unconforming duplex and needs lots of TLC. Or, better yet, build your dream home and get awesome views of the harbor and beach from your new 3rd floor or roof deck. More pictures on my website.

Sunday, June 26, 2005

Just Listed.....and Just Sold!

Posted by Hello
This 3 bedroom midtown home was just listed, and sold within a few days. The market is still cooking, so if you are thinking about selling, you might want to "just do it"! Interest rates are rumored to be on the rise, and they just might really go up this time. As a seller, late spring and early fall are the best times to maximize your profits.
Get a free Comparative Market Analysis on your home
with no hassles.

Thursday, June 23, 2005

Number of Forclosures Declines

According to the Mortgage Bankers Association, nearly 96 percent of all homeowners in the United States made their mortgage payments on time during the first quarter of 2005. The percentage of loans in foreclosure last quarter also declined, falling to 1.08 percent from 1.29 percent during the first quarter of 2004. This trend is expected to continue for the near future, according to the Mortgage Bankers Association.

So, if you are looking for a great deal on a forclosure, they might be pretty hard to come by. With values increasing, and the availability of loans for just about anyone, forclosure truly is a last resort.

Monday, June 20, 2005

Major Residential Projects Planned

I received an update recently from Ticor Title mentioning these planned projects:
  • Ventura - Harbor: 300 upscale apartments, a marina and 20,000 square feet of retail space
  • Oxnard - River Park: 2800 dwellings, a convention center, retail space, and a 600 room hotel
  • Santa Paula - Adams Canyon: Up to 400 multimillion dollar estates

Sunday, June 19, 2005

Happy Father's Day!

When I think back to when I was a kid, I remember the little things. The moments are what lingers in my mind. Like when dad would play monsters with us and turn out all the lights and come looking for us. Or when he gave me a hug on graduation day with a tear in his eye.

Leave the lawn mowing for another day, Dad. Today is your day. Enjoy it with your family.

Friday, June 17, 2005


Thought I would share an interesting story. Back in the early 1970's my husband and I had worked hard to accumulate some savings. We were trying to decide whether to purchase a new car (which sounded like great fun!) or an investment property. Although the investment property seemed riskier, more work, and obviously not as much fun, we took the plunge. Wow! was that the right choice! We were very worried at the time about investing our hard earned money in the real estate market. Would it go up or would it go down? I encourage you to think about this. There is only so much space for people to live and it does not seem that the population is shrinking these days. I don't think today is much different than thirty years ago. Real Estate Investment is obviously the wisest choice. Now go out and buy that investment property! Let me know if I can help.

Janis Calkins
California Oaks Real Estate
805 218-7016

Thursday, June 16, 2005

A Second Look at Seller Financing

Although, seller financing is not too common in today's real estate market, it's worth a second look. With many aging baby boomers, and banks paying such low rates on deposits, it's a viable option for some sellers. Let's say a retired seller owns their home free and clear, or even just a small mortgage. The seller could require a 10-20% down payment, and carry the balance for the buyer at 6%. That's much better than the banks are paying and a bit more secure than some other investments. Check with your financial advisor for more information.

Wednesday, June 15, 2005

Last Week in Review

Greenspan testified before congress as to the state of the economy last week. Greenspan first affirmed that the economy looks healthy, and stated "policy accommodation can be removed at a pace that is likely to be measured.” Translation: the Fed will likely continue its series of rate hikes through the summer, taking the Fed Funds Rate between 3.5% and 4.00%.

He also confirmed that although the media continues to beat the drum, a nationwide housing bubble is not eminent. He did state that a few markets where prices have risen dramatically might see a little “froth”, but not a bubble.

Friday, June 10, 2005

Setting the Stage for a Successful Sale

What's the best way to help your home make a great first impression on would-be buyers? Real estate experts agree that "staging" your home to show it in the most favorable light is well worth your time and effort. Beyond the pre-sale cleaning and organizing you would expect to do, successful staging includes strategically arranging objects and furniture, adding decorative touches and more. Here are a few tips to help buyers make an immediate emotional connection with your home:
  • Add a pot of fresh blooming flowers to the entryway (yellow is a very welcoming color)
  • Open blinds to show off nice views; a vase on the window sill plays down less attractive views
  • Add throw pillows, a soft lap blanket, candles and a candy dish for a cozy living room
  • Use a soft bedspread, quilt, pillows and a throw rug to turn a bedroom into a relaxing retreat
  • Set your dining room table with dishes, placemats and wine glasses to help the buyer experience your home's hospitality
  • More Light, no dark corners or hallways.
Whether you do the staging yourself or have your home done by a professional, homes that are staged often sell 75% faster and for 3%-6% higher than the asking price!

Thursday, June 09, 2005

What Does a Status of Contingent Mean on the MLS?

Since virtually anyone can access information on the MLS these days, you may wonder what it means when you see a status of contingent on a listing. This means that the seller has accepted an offer from a buyer that has to sell their property before proceeding on the purchase of this property. There are other contingencies that can be written in to offers, however, this is the only contingency that allows a seller's agent to list it on the MLS as contingent.

When you see a contingent status, you can still view the property and make offers on the property. If the seller wants to take your offer they will need to give their current buyer notice. Typically, there will be a release clause in the original contract that allows the seller to give the buyer 72 hours (the time frames can vary) to release their contingency, or cancel the contract. If the current buyer doesn't release the contingency to sell their home within the specified time frame, the seller can issue a cancellation of the contract and move on to the new buyer.

Tuesday, June 07, 2005

Who Loses When Commissions are Cut?

First, the seller loses because the agent who takes a cut rate listing is not a pillar of strength. If an agent will negotiate their commission during the listing presentation, how will they defend your asking price during negotiations with a buyer.

In addition, many agents choose not to show homes with cute rate commissions. Buyers lose because they may not see the home that's right for them. In turn, the seller may not get the highest price because the pool of buyers is smaller.

Monday, June 06, 2005

Home Availability

Just a quick follow up to Ryan's post earlier in the week. There are 132 homes and condos available in Ventura as of this morning. I expect that number to be even lower later today after the frenzie of weekend activity catches up with the MLS. The moral of this story is that supply is still low, and demand is still high. I'm pretty sure that means we will continue to see prices heading skyward. I'll keep you posted.

Saturday, June 04, 2005


I just wanted to share an ongoing theme in the real estate arena these days. Appraisals. Most purchase contracts include a clause that calls for an appraisal of the property. With homes increasing in value so quickly these days, appraisers are having a hard time finding comparable properties to substantiate the prices. When this happens, the buyer may not be able to get the loan in the amount they need. Sellers should be aware of this. As a seller, you may be able to find a buyer to pay your price in this short supply market, but you may not find an appraiser and lender that are willing to take the risk of a price that isn't supported by comparable sales.

Friday, June 03, 2005

LOTS of Buyers, Only 138 Homes

If you would like one of many reasons why homes continue to stay at these high prices, it's basic supply vs. demand. There are simply not enough homes for sale to accommodate the amount of buyers ready to purchase. As of this posting, for the entire City of Ventura, there are only 138 listings. This includes condos and houses in any price range. That's really not many at all!! However, there are a lot of buyers. So, if you are a buyer, work closely with your real estate agent on being available to look at properties as they come up and be ready make an offer. If you are seller, be sure to price your home right and have your real estate agent go over each offer thoroughly so you can make an informed choice. Good luck and happy house-hunting!!

Ryan Kerzner
Ventura CA Homes and Condos for Sale

Thursday, June 02, 2005

Back on the Market!

6106 Shasta Posted by Hello
Their loss is your gain. This beautiful Camarillo home just became available! Call today for a showing!

Wednesday, June 01, 2005

Would You Like to Search the MLS?

We Realtors belong to an elite club that allows us access to other agents listings through a cooperative called the multiple listing service. Sounds technical, but it's pretty simple. Ok, enough of the here and you too can be one of the elite!