SOLD by Sharron Parker in Leisure Village - Even during the slow holiday season,!

42050 Village 42

An absolutely great Mountain View Location for this very popular Bel Air model in lovely Leisure Village (55+) community! This home has a newer kitchen, newer carpet., upgraded baths, covered patio and slumpstone wall surrounding the patio. It has two bedrooms, two baths, formal dining area and eat-in area in the kitchen. This location is not only beautiful, it also has a very warm and secluded ambiance. Leisure Village is the leading 55+ community offering it residents a wonderful Rec Center with tennis, par 3 golf, (wood, ceramics and lapidary) shops billiards, pool, spa, lawn chess, paddle tennis library, computer lab, WII bowling, horseshoes, shuffleboard, and a complete host of other activities all in a 24 hour guard gated community with the wonderful weather of Camarillo.

http://www.iloveleisurevillage.com

4 Reasons to Sell Your House This Winter

http://www.iloveleisurevillage.com

Don't Get Caught in the Rental Trap in 2019

Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone!

According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan on buying in the next 5 years, with 38% planning to buy in the next 2 years!

When those same renters were asked why they disliked renting, 52% said that rising rental costs were their top reason, and 42% of renters believe that their rent will rise every year. The full results of the survey can be seen below:

It’s no wonder that rising rental costs came in as the top answer! The median asking rent price has risen steadily over the last 30 years, as you can see below!

There is a long-standing rule that a household should not spend more than 28% of its income on housing expenses. With nearly half of renters (48%) surveyed already spending more than that, and with their rents likely to rise again… why are they renting?

When asked why they haven’t purchased a home yet, not having enough saved for a down payment (44%) came in as the top response. The report went on to reveal that nearly half of all respondents believe that “a 20% down payment is required to buy a home.”

If the majority of those who believe they haven’t saved a large enough down payment believe that they need 20% down to buy, that means a large number of renters may be able to buy now!

Bottom Line

If you are one of the many renters who is fed up with rising rents but may be confused about what is required to buy in today’s market, contact a local real estate professional who can help you on your path to homeownership.

http://www.iloveleisurevillage.com

http://www.search805homes.com

Where are Interest Rates Headed in 2019?

Where Are Interest Rates Headed in 2019?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic & Housing Marketing Outlook. As you can see, interest rates are projected to increase steadily throughout 2019. How Will This Impact Your Mortgage Payment? Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest rate can increase your monthly mortgage payment significantly. But don’t let the prediction that rates will increase stop you from purchasing your dream home this year! Let’s take a look at a historical view of interest rates over the last 45 years. Bottom Line Be thankful that 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. http://www.ilovelelisurevillage.com http://www.search805homes.com

Happy Thanksgiving!

Insurance Thoughts - Evacuation

We residents of Leisure Village are devastated by the shootings, fire and wind. So much emotion! I was visiting my family in the San Francisco Bay area when this all occurred and I felt so vulnerable realizing that I wasn't home to pack up my personal belongings if Leisure Village occupants had to evacuate.  

Conversations with friends here in our village include questions about insurance policies and what to take when and if evacuation becomes necessary. Certainly, you will want to make sure you have your medications, eyeglasses, valuables including jewelry, cash, photos, some clothes and personal comfort items (favorite blanket, mug, pillow),  Important papers include driver's license, social security card, proof of health, homeowner, auto insurance, passport, trust/will, health care directive, power of attorney, copy of mortgage statement, 3 years tax returns if possible. The Grant Deed for your home is available from a title company and County records if required in the future. Of course you will want to make sure too that you have a full tank of gas for your car and contact information for your insurance agent, lawyer, accountant, physicians, etc.  

Now that we have all experienced a potential evacuation, you may want to review your HO 6 insurance policy with your agent to verify that your policy is up to date with appropriate coverage. If you have questions regarding what our Leisure Village Master Insurance Policy covers, you or your agent can call Tolman & Wiker, our master policy broker at 805-585-6100 and ask for Denise Sutton.  

http://www.iloveleisurevillage.com

How to Honor a Veteran Today and Everyday

One hundred years ago, on the eleventh hour of the eleventh day of the eleventh month, we marked the end of the “war to end all wars.” That day, which was to be observed annually on the eleventh day of the eleventh month, became known as Armistice Day and then, later on, became Veterans Day.

But Veterans Day is not for veterans. They don’t serve for thanks or recognition. Veterans Day sets aside a day for those of us who haven’t worn the uniform to acknowledge those who have.

So today, we honor and remember.

If you ask a military family, ANY military family, how you can help them, they will respond without hesitation, “Make sure my service member is taken care of.”

If you ask a service member, ANY service member, how you can best honor them, they will respond without hesitation, “Take care of my family.”

Don’t know anyone who has served or is serving? More than likely, there are veterans in your midst. Each year, 260,000 military personnel relocate to new communities, and another 230,000 transition out of the military. In total, there are 22 million veterans among us in the world.

For those who relocate through a Permanent Change of Station (or PCS), it can be a pretty stressful time. There isn’t a lot of time to find a new place to live and the timeline is more accelerated for finding a place to call home.

MILLIE is an online community and digital marketplace that connects members of the military and their families with specialized knowledge and trusted resource providers to alleviate the stress of PCSing.

According to MILLIE, “70% of active duty families live off the installation and in the surrounding communities.” Wondering what you can do to help make a recently PCSed family feel welcome?

A recent survey of military families revealed that,

“When respondents described the support they most appreciate, family, friends, and faith-based communities rose to the top. When they described the support they needed, they called for more networking, communication, and support groups.

Families said that when leaving service, they feel as though they do not fit into the civilian world. Forging partnerships between military and civilian support systems will encourage pathways of understanding.”

If you find out that your new neighbor may have been PCSed, make an effort to share what you know about your community, from the best pizza place to where you can get your oil changed.

If you know that the service member of the family is actively deployed, helping out with tasks like mowing the lawn or bringing over a home-cooked meal are small gestures that will go a long way towards welcoming this family into their new home.

Bottom Line

Today, we honor and remember those who have served for our country. Everyone always asks what they can do to help, sometimes the simplest answer is the best one.

http://www.search805homes.com

http://www.iloveleisurevillage.com

Happy Halloween!

Another Leisure Village Home SOLD by Sharron Parker Team Prior to Going on the MLS!

This highly-desired free-standing El Dorado model (no common walls) with two car garage sold BEFORE IT WENT ON THE MLS! 

2 bedrooms, 1 3/4 bathrooms, formal dining as well as kitchen eating area, a den, large, private covered patio and a work shop area adjacent to the two car garage 

Peaceful view of the lush golf course across the street

5101 Village 5
$520,000

http://www.iloveleisurevillage.com

http://www.search805homes.com

Another La Jolla model sold in Leisure Village by Sharron Parker - $20,000 Over List Price!

When you need your Leisure Village home SOLD, call Sharron Parker 805-443-1998
http://www.iloveleisurevillage.com
http://www.search805homes.com

Popular La Jolla Leisure Village Model SOLD Before Going in the MLS!

http://www.iloveleisurevillage.com

http://www.search805homes.com

Great Deal on this Popular Coronado II Model in Leisure Village - Price Reduction!

This is a popular Coronado II model in Leisure Village (55+) community. It is approx. 1070 sq. ft. with 2 bedrooms, 1 3/4 baths, large living room, ample kitchen with eat-in area, dining area also, with a beautiful secluded small greenbelt and no neighbors behind. Leisure Village offers its residents par 3 - 18 hole golf, tennis, paddle tennis, lawn chess, shuffleboard, horseshoes, pickleball, WII bowling, pool, spa, wood-lapidary and ceramics shop, library, computer room, sewing room and so much more. In addition there is a club for most any interest.

Please Call/Text Sharron to see this home 805-443-1998

http://www.ilovelelisurevillagecom

http://www.search805homes.com

4 Reasons to Sell your Home this Fall

Some Highlights:

• Housing inventory is still under the 6-month supply that is needed for a normal housing market.
• Buyers are often competing with one another for the listings that are available.
• Perhaps the time has come for you and your family to move on and start living the life you desire.

http://www.iloveleisurevillage.com

25% of Homes with a Mortgage are Now Equity Rich!

Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s equity position.

Home equity is defined as the difference between the home’s fair market value and the outstanding balance of all liens (loans) on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the value of their homes go up!

According to the latest Equity Report from ATTOM Data Solutions, “13.9 million U.S. properties in Q2 2018 were equity rich — where the combined estimated balance of loans secured by the property was 50 percent or less of the property’s estimated market value — representing 24.9% of all U.S. properties with a mortgage.”

This means that nearly a quarter of Americans who have a mortgage would be able to sell their homes and have a significant down payment toward their next home. Many who sell could also use their new-found equity to pay off high-interest credit cards or help children with tuition costs.

The map below shows the percentage of properties with a mortgage in each state that were equity rich in Q2 2018.

Bottom Line

If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, contact an agent in your area to discuss your options!

http://www.search805homes.com

http://www.iloveleisurevillage.com

Are Homebuyers Starting to Hit the 'Pause' Button?

For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012.

With this being said, three of the four major reports used to measure buyer activity have revealed that purchasing demand may be softening. Here are the four indices, how they measure demand (methodology), what their latest reports said, and a quick synopsis of the report.

The Foot Traffic Report
by the National Association of Realtors

Methodology: Every month SentriLock, LLC provides NAR Research with data on the number of properties shown by a REALTOR®. Lockboxes made by SentriLock, LLC are used in roughly a third of home showings across the nation. Foot traffic has a strong correlation with future contracts and home sales, so it can be viewed as a peek ahead at sales trends two to three months into the future.

Latest Report: “Foot Traffic climbed 3.2 points to 55.8 mid-summer in July. Additionally, the diffusion index is higher than last year by 13.5 points. Despite a healthy economy and labor market, supply and new construction remains unable to keep up with buyer demand.”

Synopsis: Buyer demand remains strong.

The Showing Index
by ShowingTime

Methodology: The ShowingTime Showing Index® tracks the average number of buyer showings on active residential properties on a monthly basis, a highly reliable leading indicator of current and future demand trends.

Latest Report: “Showing activity throughout the country increased by 0.3 percent year over year in July, the third consecutive month that the U.S. ShowingTime Showing Index recorded buyer interest deceleration compared to the previous year. The June 2018 figures revealed a 0.0 percent change in showing traffic from 2017, while May showed a 1.2 percent year-over-year increase. The 12-month average year-over-year increase was 4.6 percent.”

Synopsis: Buyer demand is softening

Realtors Confidence Index
by the National Association of Realtors

Methodology: The REALTORS Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.

Latest Report: “REALTORS reported slower homebuying activity in July 2018…The REALTORS® Buyer Traffic Index registered at 62, down from the same month one year ago (69). This is the fifth straight month (since March 2018) that Realtors reported a decline in buyer activity compared to conditions one year ago.”

Synopsis: Buyer demand is softening

The Real Estate Broker Survey
in the ‘Z’ Report by Zelman and Associates (subscription needed)

Methodology: Proprietary survey results of real estate executives.

Latest Report: “While we continue to expect a resumption of growth in resale transactions on the back of easing inventory in 2019 and 2020, our real-time view into the market through our Real Estate Broker Survey does suggest that buyers have grown more discerning of late and a level of “pause” has taken hold in many large housing markets. Indicative of this, our broker contacts rated buyer demand at 69 on a 0-100 scale, still above average but down from 74 last year and representing the largest year-over-year decline in the two-year history of our survey.”

Synopsis: Buyer demand is softening

Bottom Line

Again, three of the four most reliable measures of buyer activity are reporting that demand is softening. We had a strong buyers’ market directly after the housing crash which was immediately followed by a strong sellers’ market over the last six years.

If demand continues to soften and supply begins to grow (as is projected to happen), we will return to a more neutral market which will favor neither buyers nor sellers. This “more normal” market will be better for real estate in the long term.

http://www.iloveleisurevillage.com