Sunday, August 28, 2005

Back to School!

Ahhhh, the glee that's felt when the kids return to school. Until, later that night, you remember why you were so eager to see school let out for the summer. Homework. Anyway, if you're comparing schools and looking for a neighborhood with great schools, you might want to check out this site for API Scores.

I'd stick around and yak some more, but I've got homework!

Friday, August 19, 2005

Have You Seen This One?

You're looking at the front yard of this over sized corner lot that has tons of privacy. In addition, there's a backyard with more grass and trees, and a nice sized covered patio. The inside has over 1500 square feet of living space, a large living room with fireplace, a den/office off the living room, 3 additional bedrooms, and 2 baths. The master has a sliding glass door with it's own private patio. Wonderful Mission Oaks location on a quiet street. All for $589,900

Thursday, August 18, 2005


Forclosure Activity in California declined in the second quarter of this year, according to the California Association of Realtors. The number of mortgage default notices declined 14.4% from the first quarter of this year. 12,408 homeowners received notices between April 1 and June 30, a decline of .9 percent when compared to the same period one year ago.

So, it seems there's no doom and gloom brewing here.

Wednesday, August 17, 2005

Brand New Listing!

Check out this one! It's in the desirable Sea View Estates on a quiet tree lined street just half a block from the neighborhood park. This home has 4 bedrooms, 2 baths, over 1800 square feet of living space, a nice size backyard, a family room, and a roof that's less than 2 years old. You can't beat the price at $589,900

Sunday, August 14, 2005

What's an Exclusive Listing?

You may see ads in the local newspaper from time to time that mention the that the home is Exclusive! This means that the property is not being offered in the local MLS and that the listing broker is not cooperating (offering to share their commission) with other brokers. Many times these properties are only held exclusive for a short period of time before they are listed in the MLS. Call the listing agent for more information.

Check out my exclusive listings at

Saturday, August 13, 2005

Here is an alternative to a condo or a single family home - a mobile home. This unit is a fixer for $75,000. It is located in Oxnard Pacific Mobile Home Park off of Pleasent Valley and Rice Roads. The space rent is $650. per month. It needs carpet, paint and upgrading, if you so choose.

You have to have at least a 20% downpayment on an older mobile home like this (this one was manufactured in 1976). The interest rates are also higher on mobile homes running an average of 10% for the loan. So mobile home appear to be "cheeper" but with a loan and space rent the payments are $1300 per month plus $17,000 initially for the down and escrow.

Over the long run, mobile homes do not appreciate the same as condos and single family homes. They are only going up slightly (bought one 2 years ago for $110,000; sold it this year for $137,000).

Call me at (805) 901-8805 if you would like more information on this or other mobile homes.


Friday, August 12, 2005

Just Listed!

1092 Stillwater
Ventura, CA 93004
2 bedrooms, 2 baths w/ Fireplace, courtyard entry, large yard area, and 2 car garage. $469,900

Thursday, August 11, 2005

NAR Expects Strong Market to Continue

The National Association of Realtors recently released a statement, "U.S. home sales are anticipated to reach record levels by the end of 2005, despite a modest cool-down in the remaining half of the year, according to NAR's recent forecast. Existing home sales in the U.S. are expected to rise 2.9 percent to 6.98 million units, while new home sales should reach 1.26 million units, a 4.8 percent increase from 2004. With the tight supply of homes for sale, NAR also is projecting the national median existing-home price to increase 10.5 percent in 2005."

Wednesday, August 10, 2005

Setting The Price of Your Home

Three Factors to consider in selling your home are location, condition and price.....and they are related.

Location- Your home's location definitely influences its value. Is your home in a quiet location or on a busy street? Are you closer to the Ocean? Are you within easy access to a freeway for an easy commute? Views, trees, landscape can enhance the value. You obviously have no control over location, but please do consider this when comparing your home to others that have sold in your neighborhood.

Condition - New homes have a marketing edge over older homes, because they are clean, shiny and come with no dirt created by someone else! But you would also be amazed at how much less a home can sell for that has a messy yard, interior, clutter etc. My goal is to give you pointers for marketing your home for top dollar with a minimum of expenditure for you! Please remember that you can increase value and decrease marketing time by making sure your home is in great shape.

Pricing - Your home must be priced in an appropriate range. A buyer comparison shops. While being subjective about it, you can still be guaranteed they are comparing amenities, likeability, location etc. to other homes in the same price range. You also have to consider that not only does a buyer have to be willing to pay the price you want, but an appraiser must also be able to substantiate it for the loan. This has become increasingly important especially for 100% financing offers.

Remember, the longer a home stays on the market, the more the buyers perception of its value diminishes. Try to get all you can for your home...."top dollar", but use practical valuation methods and thinking to keep your marketing time to a minimum.

Janis Calkins

Tuesday, August 09, 2005

Mortgage Rate Update

Mortgage rates took another step upward this past Friday after a sharp sell off in bonds and better than expected jobs reports. But, the good news is......the strength of the housing market has always been tied to strength in jobs, not interest rates…so Friday’s reports certainly bode well for a strong housing market continuing in the days to come.