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Making Time Your Friend In The Housing Market!

by The Blake Mashburn Group

The timing of Selling and Buying your home is imperative when you enter the real estate market. You want to be fully prepared as you work to sell your current home and buy a new one. It is important to fully understand your finances as well as your personal needs throughout the process. Here are 7 of the most common timing options for selling and buying your home.

 

1. Selling Before Buying | This is the most common scenario. By selling your home first, you are helping ensure that you have the finances in place to purchase a new home. It helps you avoid the mess of dealing with two mortgages at once.

 

2. Buying Before Selling | This is the most convenient scenario. It gives you the option of updating your old home to improve its value for sale and/or making improvements to your new home before moving in. It eliminates the stress of having to move immediately. However, the major downfall of this option is that you will be paying two mortgages at once. Make sure you can truly afford to do this before choosing this option.

 

3. Buying & Selling Concurrently | This is a popular option. Timing really is everything for this option. You hope that you are able to sell your current home in order to give you the finances to afford the next one. However, it also puts a lot of the control out of your hands and into the hands of a buyer of your current home and the seller of the new home. Work closely with your realtor to help you sell your home in a timely manner and successfully purchase your new home.

 

4. Selling on Contingency | When selling your home, you can put a contingency clause on your listing that you will sell once you find "suitable housing". This can hinder the sale of your home though since many buyers want to be able to move in as soon as the deal is done. Make sure you only use this option when you have exhausted all others.

 

5. Buying On Contingency | Similar to the previous option, this allows the buyer to add a clause that states that they will purchase the new home once their current home sells. This will only work if you find a seller that is willing to wait for you.

 

6. Right of First Refusal | Instead of using a home sale contingency, you can use a Right of First Refusal (ROFR). This allows the buyer to step in front of any other buyers that might make an offer on the home. You must show the seller that your finances are in order. Please note, many sellers will not agree to this option since it limits the offers they could receive on their home.

 

7. Renting | The final option is to rent out your current home instead of selling. You will be able to cover your current mortgage while you look for a new home. Make sure that you find a reliable tenant if you decide to rent out your home.

 

Figure out the perfect timing option for you by working with your Experienced Realtor as you buy and sell your home. Give Blake Mashburn a call today or visit our website at http://www.blakemashburn.com/.

5 Great Selling Tips for 2019!

by The Blake Mashburn Group

Kick of the new year by selling your home. What a great time to start a new! If you are looking to sell your Ventura home in 2019, follow these 5 tips for selling success!

 

1. Focus on the Millennials

Millennials will make up the largest group of homebuyers throughout the year. It makes sense to market to them since they make up such a large share. Knowing what millennials are looking for can help you sell your home. Location wise, millennials are moving to the suburbs but want to have amenities within walking distance. They prefer smaller homes with open floor plans. They also prefer green features and energy efficiency.

 

2. Remember the Baby Boomers

​Although it makes sense to market to millennials, you shouldn't forget about the baby boomers! This generation is looking to stay in their homes as they age. This means that homes that will fit their needs and remain accessible into the future are attractive. Master bedrooms, laundry, and other amenities located on the main floor are all selling points to focus on for this generation.

 

3. Be Smart about Your Smart Home Features

Smart features in a home are now expected. Do not limit your buyer pool by having smart features that only support a single platform. Make sure that the system is broadly compatible so home buyers can use the products they have already invested in.

 

4. Do a Pre-Inspection

Consider doing a pre-inspection. Although many home buyers will still want their own home inspection done, a pre-inspection allows you to find out issues early enough to make repairs if needed. It can also assure buyers that the home is move in ready.

 

5. Do a Drone Tour

Showcase your stunning property and landscaping with a drone tour of the home. Such a tour provides a better visual display of your home and its surrounding area, making your home stand apart from the competition. Talk to your real estate agent about hiring a professional (with required operating certificate) and add this to your home's marketing materials.


For more helpful Selling Tips, give The Blake Mashburn Group a call today or visit our website at http://www.blakemashburn.com/.

Delicious Deals and Dining This Week In Ventura County!

by The Blake Mashburn Group

It's time to fill your bellies with the most delectable food available in the Ventura county! Restaurant Week is here! Enjoy incredible deals on delicious cuisine and discover great new restaurants in Oxnard and Ojai! Bon appétit!

 

 


2019 Oxnard’s Tacos, Treats & Tastings

Friday, January 18th - Sunday, January 27th

Find delicious food and beverage deals at your favorite dining establishments throughout Oxnard. Oxnard’s culinary partners will feature special offerings such as signature taco menus, special treats, and featured beverage tastings, by focusing on the diverse “Culinary” aspect of our Oxnard brand – as a vibrant multicultural experience!

 

Participating Restaurants

 


Ojai Restaurant Week

Friday, January 18th - Sunday, January 27th

Enjoy special offerings at participating restaurants during Ojai’s inaugural restaurant week. During this twelve-day celebration participating restaurants will offer special deals, such as affordable prix fixe menus for lunch and/or dinner, or discounted meals. Visit your favorite eateries or enjoy some new spots.

 

Participating Restaurants

 

The Blake Mashburn Group wishes everyone happy dining throughout Ventura County!




Images Credits: California Unpublished and Ojai Valley Chamber of Commerce

Test Your Ventura Home During Radon Action Month!

by The Blake Mashburn Group


Keep your family healthy and safe by testing your Ventura home during National Radon Action Month!

 

The California Department of Public Health's Indoor Radon Program provides even more information and resources (including a list of certified radon mitigation professionals) to help homeowners in our area. During the month of January, they are offering California residents FREE Radon Test Kits through Alpha Energy. Order yours today by calling 1 (800) 324-5928 (option 6) or online HERE.

 

Check out our Website  or follow us on Facebook for more great safety and improvement tips for home owners!

Helping You Close In 2019!

by The Blake Mashburn Group

You found your dream home and the seller accepted your offer! You are now in the home stretch to getting handed the keys to your new home. There are a few more final and essential steps that need to be made. Here is an easy guide to closing so that you are prepared in the last days of your home buying process!

 

#1 Square Away Contingencies

Make sure that any contingencies (i.e. home inspection, appraisal, and financing) are met before the final transaction. This allows you to walk away if any issues arise.

 

#2 Clear the Title

Your mortgage lender will check for anyone that claims title to the home and see if there are any liens attached to the property. Make sure to buy title insurance so that you can protect yourself from any legal claims as the ownership transfers to you.

 

#3 Get Approval of Your Final Mortgage

Even if you got pre-approved for the loan, your mortgage lender must now verify that you accurately represented yourself by going through the underwriting process. As long as you with truthful about your finances and made no large purchases during closing that will affect your credit score, you should make it through this step like a breeze.

 

#4 Check Your Closing Disclosure

Review your closing disclosure against the loan estimate you received when you first got pre-approval. Check out the mortgage payments, interest rate, loan terms, and closing costs to make sure that everything matches.

 

#5 Do One Last Walk-through

Do a final walk-through in the last 24 hours before closing. This allows you to make sure that the previous owner has truly moved out and that the home is in the condition that you agreed upon. Most sales contracts allow buyers to do a walk-through of the house before closing, within 24 hours. Make sure the previous owner has vacated unless you’ve allowed a rent-back arrangement.And double check that the home is in the condition agreed upon in the contract

 

Get your hands ready to sign a lot of paperwork, complete these 5 steps, and your dream Ventura home is yours!

 

For more helpful Buying tips, check out our Website and follow us on Facebook!

 

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Photo of BLAKE MASHBURN Real Estate
BLAKE MASHBURN
Century 21 Everest
1190 S. Victoria Avenue, Suite #100
Ventura CA 93003
Office: 805-856-9350
Cell: 805-368-0202
Fax: 805-642-1424