Wednesday, April 30, 2014
Simi Valley Short Sale-Buying beats renting in most of Ventura County
In Simi Valley, and all of Ventura County, rents keep rising, and mortgage interest rates remain very low, which is helping to skew the rent vs. buy decision toward buying for those who can afford it.
Many renters may ask themselves why renew a lease, when you can break even on the same home in less time in many areas.
Your Simi Valley Short Sale Specialist knows that some renters still have to overcome significant hurdles before they can pull the trigger on homeownership. For those renters who can’t qualify for a mortgage or aren’t able to save enough for a down payment on a house, renting can be a more flexible, and often far less frustrating option for many people.
Because conditions for buyers and renters can vary dramatically even within cities themselves, Realtors need to study the breakeven horizons down to the neighborhood level in order to give potential buyers and renters the most insight into local conditions where they’re considering living.
For example, the breakeven horizon for Ventura County is roughly 2.8 years, but home shoppers who purchase in the some Simi Valley neighborhoods will break even after 1.4 years, while those who buy in some Wood Ranch neighborhoods will need to stay in their home 11.7 years for buying to be a better financial decision.
Many Simi Valley Homes Appreciated by over 20% Last Year. If you are an Owner who is thinking of selling, yours may have now have enough equity to sell without being “Short”.
Pricing your home correctly the FIRST TIME is more important than ever!
If you want an accurate idea of what your home is worth Click Here:
You may now have enough EQUITY in your home to sell WITHOUT having to be “short”. If you are thinking about a short sale I can help you get an accurate value for your home and get back on your feet.
If you would like periodic updates on what is going on in Your Neighborhood or the Ventura County Real Estate Market, Click on the Links!
Thanks for reading this,