Thousand Oaks Real Estate
 
 
voice: 805-231-7698 • fax: 805-498-6230
 
CURRENT MARKET CONDITIONS
 

"Should I Stay or Should I Go"


Click Pause to Stop the Music

...or more Appropriately, "Should I Stay or Should I Sell?"

With the current buyer's market, we get asked this question a lot. The simple answer is... If you're happy with your current home and have no immediate need to move, then stay! If you must move because of your job, or if you're considering a move to another state for retirement or other reasons, rest asured the California housing dollar still goes a very long way!

While your home's value may have adjusted slightly under current market conditions, so has everyone elses. If you're planning on purchasing another home in the general area, the net effect will be basically zero.

A couple of things to consider here... interest rates have risen but are still quite reasonable. Individual property taxes do get re-evaluated when a home sells, so if you've been in your current home for awhile, say 5 to 10 years, then purchasing a new home will most likely increase your property tax bill.

Don't make a panic decision! That's a guaranteed way to lose money! As more people jump on the "Sell Now" band wagon, the number of homes for sale is increasing, and that just brings prices down further. It's supply and demand. More homes plus fewer buyers equals lower prices.

Should you stay or should you sell? It's your decision, and we're here to save you lots of money should you decide to sell. In the mean time, we can't think of a better place to live!

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