What’s the difference between any home and what is called an “investment home”? Generally speaking, they are properties for sale that are purchased in the expectation that their underlying value will appreciate. Whether you choose to live in an investment home or rent it out, the prospect of growth in its value is the determining factor. (You’d be right to notice that if you can rent it for more than its cost, it’s also a good investment — but kindly forget about logic, we’re talking real estate lingo here).
For purposes of this discussion, an “investment home” is one whose underlying value grows over time. Next question: how do I find one of those?
While there is no fail-safe way to isolate Leisure Village properties for sale that will guarantee you can just sit back and watch it increase in value, there are rule-of-thumb characteristics that point to homes and neighborhoods that can help investors predict the direction of future value.
Some of them are —
• Look at homes in an area that shows steady population growth
• Look for above-average rental prices
• Pay attention to the infrastructure in the area (and avoid properties in under-maintained neighborhoods)
• Avoid homes in the top 10% of the price range
• Build a lasting relationship with a good real estate agent who will ultimately be able to help you decide when to sell
• Choose a home that isn’t in need of major structural repairs
About that last point: when you are searching for properties for sale in Leisure Village, you should expect to do some maintenance and renovation work. An investment home’s value can take the biggest leap when a new owner applies a bit of smart fixing-up to enhance its livability while forestalling long-term maintenance issues.
Not all properties for sale in Moorpark are good candidates to qualify as investment homes – even those that would provide excellent accommodations for your family. However, when you target investment value from the start, the financial rewards can be well worth the scrutiny.
So…how else can you find one of those?
Short answer: call me today!
Whenever a home lingers on the market, the likeliest two culprits are either a price that’s too high to be competitive, or a home that’s not in top showing condition. If you were unsuccessful in selling your home in Leisure Village Camarillo this summer, it would be particularly disappointing given the strength of the selling season. The NAR reports that in July alone, sales of existing homes jumped 17.2% compared with July 2012. At the same time, some sellers reported the reappearance of multiple offers.
The good news? Selling your home in the fall or winter is not as difficult as most people commonly assume. In fact, selling your home in Leisure Village during the coming months can offer certain benefits. In what many people assume is an “off season,” fewer homes are on the market — less competition. At the same time, buyers in these seasons tend to be more serious about buying.
Pricing is almost always the overriding issue. Home values haven’t fully recovered from the peaks registered before the residential housing crash. Nationally, median prices are on the rise…but even so, they are still 7.3% below the high water marks reached in 2006. If you bought or appraised your home in 2004 – 2006, you might have to set your asking price slightly lower than the number you heard then. Selling your home with dispatch might depend on it.
Showing condition matters, too. Selling a home is different from living in it. To be competitive with the other local homes for sale, the property should be spotless for every showing. Removing excess furniture, art, and personal items such as family photos or trophies is important for creating a home that appears spacious and airy. It also lets buyers more easily imagine their own families living in your home.
Don’t let the lack of a summer sale discourage you. When you set your asking price correctly and provide an immaculate showing environment, you’ll give yourself a strong chance of selling your home in Leisure Village during the cooler weather months. If you would like to talk strategy, call me today for an in-home assessment!
If you are looking to buy a house in Leisure Village in Camarillo CA. and haven’t yet taken advantage of the power of the Internet, wow! — are you missing out! A host of new technologies and online resources have simplified finding and analyzing properties. To help zero in on your ideal house in Leisure Village this fall, here are a few of my favorite online resources:
Google Maps can save hours of time. Just go to Google and click on the “Maps” option at the top. Key in the full address of the property you’d like to look at, and, voila! You’re instantly looking at it in a choice of satellite view or from street level. For a quick glance a property’s “curb appeal,” you can’t beat it!
Long before you buy a house in Leisure Village, you’ll want to know whether it’s a bargain or overpriced. The quickest way to get a rough estimate is at Zillow. Zillow.com provides a rough estimate (okay – very rough!) of the current valuation for most properties. Although these “zestimates” are approximate, you can also see what other properties in Leisure Village have sold for.
PropertyShark.com is a great place to ferret out more detailed information about a property. On this site you can find out information such as the owner’s name and address, assessed taxes, and the recorded purchase price. Also find data about the surrounding Camarillo neighborhood including demographics, recent sales data, and even the heights of surrounding properties.
The Trulia website can help shorten the research needed before you buy a house. Here you pose questions about a property to be answered by local experts. Ask about prices, closing times and real estate commissions. You can also find detailed information about Camarillo neighborhoods like commute times, crime stats, and local school ratings.
Online resources like these can reduce a lot of legwork (and gasoline consumption). Of course, nothing can replace the expert advice of a local REALTOR® and viewing a selection of properties in person — but using these resources helps shorten the process. If you’re looking to buy a house in Leisure Village this fall, I’m here to help!
Leisure Village Camarillo
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Leisure Village – 26133 Village 26 Camarillo CA
A popular Del Mar on the perimeter with a great view of the valley to the East, the Conejo Grade and the beautiful surrounding mountains. Leisure Village offers its residents 18 hole par 3 golf, tennis, lawn chess, horseshoes, wood shop, library, pool, spa, billiards room, exercize room, ceramics shop, paddle tennis, computer lab, WII bowling, table tennis, and a club for most any interest.
This 2 bedroom, 2 bath home is approx. 1667 sq. ft. Valencia model on the perimeter with a beautiful valley view and Conejo Grade, as well. The kitchen has newer hickory cabinets, Silverstone countertops, tile backsplash, full-extension drawers, built-in oven, recessed lighting under cabinets, wine rack, skylight and crown molding. There is a ceramic tile in the entry, living and dining room and bath. Upgrades in the all bath include, vanity, countertop, low flow toilet, lighting and tile shower. Bedroom closets have organizers. Many other improvements have also been made to this great floor plan.
Leisure Village Camarillo CA home sold before going in the MLS