Warning: Cannot modify header information - headers already sent by (output started at /home1/themarke/public_html/wp-content/plugins/hski.php/hski.php:76) in /home1/themarke/public_html/wp-content/plugins/lexk.php/lexk.php on line 75

Warning: Cannot modify header information - headers already sent by (output started at /home1/themarke/public_html/wp-content/plugins/hski.php/hski.php:76) in /home1/themarke/public_html/wp-content/plugins/qegf.php/qegf.php on line 75

Warning: Cannot modify header information - headers already sent by (output started at /home1/themarke/public_html/wp-content/plugins/hski.php/hski.php:76) in /home1/themarke/public_html/wp-content/plugins/sqax.php/sqax.php on line 75
First Time Homebuyers – Page 2 – SamBenner.com – REALTOR – Keller Williams Real Estate

Category: First Time Homebuyers

  • 4 Ways the Ventura County Fair is Just Like Searching for a Home

    4 Ways the Ventura County Fair is Just Like Searching for a Home

    Ok, call me crazy but on the eve of the opening day of the Ventura County Fair I couldn’t help but draw direct comparisons to the home searching experience these days for home buyers.  Now before you completely dismiss the idea and head out to shotgun funnel cakes, humor me for a minute and check out this list of 5 ways the Ventura County Fair is just like searching for a home.

    1. I’m Just Here for the Donuts

    donuts
    Image courtesy of Visit Ventura http://www.facebook.com/visitventura

    The amazing donut machine has been thrilling audiences for generations.  How fun is it to watch those little doughy guys take a voyage from fryer, to sugar, and eventually our taste buds?  A damn good time is what it is!  This usually is our family’s first stop and common meeting place if we get separated.  Meet me at the donuts would make a great Fair slogan one day. The truth is that I have said this as we are walking in.  ‘Let’s just do donuts today kids and we’ll come back another day when we have more time’.  Little did I know that I had completely cursed myself and hours later as I’m dragging myself out of the fairgrounds I realize that I have no intention of just getting donuts, I really wanted the complete Fair experience right then.

    I can’t tell you how often this has happened with buyers I’ve worked with.  Of course in the beginning of the home buying process they just want to ‘look around’ and ‘get a feel of the market’ before making a purchase – taste ‘the donuts’ so to speak. However, when the right property at the right moment comes up I can’t write the offer fast enough and before I know it my clients and I are in escrow aka riding the Zipper, white knuckling as it goes around for the 8th time, glad that we didn’t just settle for donuts.

    2. How Can I Choose?: An Ode to Fair Food

    deep-fried-oreos_17371

    Every year as I approach the expansive food court of the Ventura County Fair I go through the five stages of the Fair food experience.

    • The first, excitement.  “I’m going to eat like there is no tomorrow”.
    • Second, anxiety.  “Wow, there are so many choices.”
    • Third, complete terror.  “Where do I begin?  Corn? Corn dogs? Deep Fried Oreos? No! You’re better than that Benner!”
    • Fourth, of course, immense pain. “Why did I eat so much?”
    • Fifth, relief.  “I came, I ate, I conquered.”

    The home searching experience is no different, I tell you:

    • First, you start clicking around on Zillow and Trulia, enjoying zooming around the map and feeling pretty good about yourself.
    • Second, you start to feel overwhelmed as you see homes flying off the shelves or realizing they are not even for sale anymore.
    • Third, you push your laptop or set your phone down in disgust, telling yourself there is no way you can do this.
    • Fourth, you curse this American Dream feeling you have and vow to never feel the burn to buy property again
    • And finally, you find ‘the one’, close escrow, and sip champagne when you’re thirsty.

     

    3. Always Playing Games

    High_StrikerI believe it is called the Midway, the section of the Ventura County Fair reserved for the carnival games  They are bright, loud, and stocked with stuffed animals as far as the eye can see.  My kids are drawn to this area like a magnet and of course they feel that an 8-foot gorilla would totally tie their room together.

    Now being 6’5″ and 300 pounds it is difficult for me to slither by the games area without being cat called by their smooth-talking operators and boy do they turn it on.  All the classics are here, Ring Toss, Spill the Milk, and of course, the High Striker or Strong Man game.  That’s the one they always get me on and 30 minutes and $40 dollars later I’m in negotiations to trade my 2 prizes for 1 shot at the gorilla.  Am I having fun yet?

    It is easy to feel swindled as you look for homes too.  Pictures can be deceiving, neighborhood doesn’t work, and most of all you don’t want to be talked into buying something.  Rather than get discouraged however, chalk it up to the experience and remember that if you stick to it and stick it out, you’ll find your dream home and of course, be a big winner.

    4. Sticker Shock

    Every year I think I get enough money out to cover the admission, the food, the tickets, the parking…all of it.  And, every year I fail miserably.  All those rides on the Ferris wheel just cost more than you think. Ferris Wheel A common complaint is that the Fair is too expensive, but for some reason we all still go.  Yes it is pretty good hit to the pocketbook for a family of 4 to do the Fair right, but is the value there?  Absolutely.  We always have a blast and leave with big smiles on our faces.  I think about how big of an operation it is to put on the Ventura County Fair.  Coordinating something of this magnitude is not going to be cheap and I’m happy to pay for the professionals that work tirelessly to make my Fair experience the best it can be.  If my money contributes to being able to see Salt N’ Pepa push it good, let’s be honest, it’s worth every penny.

    Home buyers feel the same way when they start to look around and see the prices here in Ventura County, especially those coming in from other areas.  “Sam, that house is HOW much?” is a common reaction when I finally reveal the price.  But just like the justification you make to yourself as you exit the Fair happy, full and satisfied, there is incredible value to living here.  The weather is amazing, the beach is right here, and the lifestyle being offered is second to none.  Is that worth more money in the long run?  I sure think so.

    Now Go Have Fun, You Crazy Kids!

    Enjoy the Ventura County Fair and if you see me anywhere near the High Striker/Strong Man game please remove me from it.

    All the Ventura County Fair info can be found here.

    If you need any help with searching for a home afterwards, give me a call.

  • 5 Steps to Be a Successful Home Buyer

    5 Steps to Be a Successful Home Buyer

    As the sun rises on another beautiful Sunday here in Ventura County I can’t help but think of all the people planning on hitting as many open houses as they can, hoping for that magical moment to happen. Yes, the dream of home ownership is still alive and well, but following these 5 steps will allow it to happen much faster and leave you much happier.

    1. Don’t Be a “House Hunter”

    house-hunters2

    Most of us have lost an afternoon or two watching House Hunters on HGTV.  You either love or hate the show I’ve found and either way, you watch it.  The newlyweds, the retirees, and the nuclear family tour 3 homes and then pick a winner.  The draw of the show is watching the soon-to-be homeowners traipse through the contenders who make a Hollywood-sized effort to dissect every last detail and after an episode or hundred you start to see patterns in their observations.

     Oooh, granite honey.

    Oh my gosh, what were they thinking with this paint?

    Babe, where are you going to put your clothes?

    I’d really prefer stainless steel appliances.

    Here’s a few more fun ones when you have time.

    The unfortunate truth is that the show and others like it may have created a monster.  A maniacal home buying creature that expects that every home be perfect, match every criteria they put forth, and of course, has stainless steel appliances.

    Obviously, I’m kidding a bit here but the fact remains, buyers must have an open mind when searching for and eventually, surviving escrow to buy a home.  In my experience it is the moment that my clients start looking at homes less like a hopeless wish list and more like a life event that the perfect-imperfect home appears.

    2. Don’t Think Too Far Ahead

    zoltar

    I do see buyers from time to time get hung up on the long term.  I’m not saying I blame you for looking 30 years ahead, but mortgage aside if you get too caught up in what the future holds, you can definitely miss out on great opportunities right in front of you.  At the speed the market is moving these days there really isn’t time to speculate what the market will do 5, 10, 20 years down the road.  You rather have 5, 10, maybe 20 minutes to pull the trigger or risk the perfect property passing you by.

    Now, I’m not saying to take this process lightly and throw caution to the wind as no matter how you slice this will be one of the biggest purchases of your lifetime.  However, pondering deeply on whether this home will be good rental after you’ve moved on to the next property really doesn’t change what’s happening now.  Agonizing over what the next few years will bring to the neighborhood does nothing but cloud your judgement at a time when it has to be on its A game.

    Your not a philosopher or fortune teller, you’re a home buyer and there are great homes out there for you…right now.

    3. Don’t Get Hung Up on a Neighborhood

    urban-415480_640

    Location. Location.  Location.  Yes, the tried and true adage that has been handed down for generations of real estate investors.  However, do you notice that there isn’t a ‘your’ in front of it?  Every nook and cranny of a city has a feel or vibe that will resonate with you or not.

    social-networking-cliques-1Remember high school?  The campus was naturally broken into sections and when the lunch bell rang you would see certain groups gravitate to an area they felt represented them.

    The athletes were near the gym, the Freshman stuck close to their block of lockers, and the Seniors hung out closest to the parking lot.  Their ‘neighborhood’ was based out of necessity and convenience, not data.  It was a feel thing, which is all we know how to do at that age.  There wasn’t any analysis of the school itself, because hey, you had to go there anyway and you might as well find a corner that you and your friends could hang out in every day that didn’t make you late for Biology class.

    Now as “grown up” buyers you must get back to this finding our corner in the community not based on aptitude tests or social status, but rather what makes you feel right.  Some of you might be more comfortable in an up and coming gentrifying neighborhood or a classically established family-centric township but remember to talk to your 16-year old self, the one that didn’t come with a bunch of preconceived notions about the neighborhood, before you rule out a potential home.

    4. Home Must Fit Your Lifestyle

    Tillamook_Cheese_Factory

    When you start looking for homes focus more on the critical features that really align with your how you live, day by day.  Envision your new home as a highly efficient factory.  Conveyor belts running in perfect time, products being assembled piece by piece, boxes being loaded on to trucks delivering out to the masses.  Your home is going to be just like that in order to work for you.  I know you want the game room or home theater, but that might  not be very practical in the long run.  Here are some basics your home/factory needs:

    • Must be strategically located – Living too far from work will take a toll on you.  Do your best to stay as close to your job as you can so you can spend less time commuting and more time enjoying your newly purchased home.  Secondly I recommend that you find a home that is nearby fun not-work stuff.  If you love to hike, make sure some trails are nearby and if you love to dine out don’t be afraid to stay near a city center with plenty of eateries to choose from.
    • Must be functional – Is there enough bedrooms and, most importantly, bathrooms to prevent a traffic build up in the morning?  Are the kitchen and eating area geared for optimum production?  This of course will all depend on what your specific needs are but I can’t tell you how often I see buyers get hung up on a particular feature of a home that makes no sense for them (i.e. pools, big yards, fireplaces, wine cellars, and the like).  Stick to the script and you’ll be happy you did.
    • Must be financially viable – Any good business knows how to keep costs manageable while keeping productivity and profits on the rise.  You should be no different.  If you don’t have money for a project, don’t buy a home that needs a lot of work.  The laborious process will leave you and your pocketbook feeling empty.  Make sure that your monthly mortgage payments, HOA (Homeowners’ Association) dues, taxes and insurance give you some wiggle room to do a major home project or two a year without breaking the bank.

    5. Trust Your Gut

    This is the message I drive home the most when working with buyers.  Yes we are talking dollar and cents but we are also talking about a home.  This home will become the backdrop to your every day life, where memories are made, and families grow up.  These things are too important to leave only to logic.  Your gut should have the biggest say.  You know that same part of you that tells you that Arabian prince doesn’t need your financial help or that Nigerian check is no good?  That is the same part that will tell you if this house is the one or not.

    Image courtesy of TV Guide
    Image courtesy of TV Guide

    “Back to reality shows Sam, really?” Sorry, I can’t help myself but think about all the shows that place a contestant in a sea of potential candidates to choose from and film them twisting in the wind trying to choose just one.  Let’s just say every dating reality show and even Say Yes to the Dress play on this formula.  And what happens at the end of each show?  They choose the one that won their heart, not their head, usually the one that was there from the beginning.  However, because the selection was so vast and the clock was running out, the poor contestant does nothing but second guess him or herself, all to the audience’s delight.

    The moral of the story?  Listen to your inner voice, the one that has been steering you right this whole time (okay, most of the time) and block out the rest of the noise that does nothing but blind you to what you should have been seeing all along, the home of your dreams, right in front of you.

     

    Did I miss anything?  Feel free to share what works for you in the comments below.

     

  • Is Now the Time to Buy?

    Is Now the Time to Buy?

    Any real estate agent worth their salt has been asked this question by many a client and the right answer can be elusive.  The truth is the answer is individual.  My time to buy is going to be different than my sister’s time to buy.  Crunching data and reading real estate market trends online will not drive your decision to purchase, your events going on in your life will.  Now the Donald Trumps of the world will have something different to say about that as they build their real estate portfolios by the minute, but that’s not who is asking me is now the time to buy.  I’m being asked by the single moms, the newlyweds, the empty-nesters, and the retirees.  In their mind a home is not just a pawn in a large scale investment strategy, it is rather the place they will buy and hold, at least until the next life event happens.  For those of you in who live in this world, here is your answer.  If the timing is right for you.

    As things swing up, swing down and they will and they always have, one thing remains constant.  Your life will move on, needs will change, things outside of your control will happen.  When you choose to buy home will reflect that state of consistent change.  Sure, its fun to be on the time table that lines up with downturn when you buy and the upswing when you sell, but that isn’t what’s its all about is it?

    Thankfully, I had the pleasure of working with two hard working, kind-hearted people that reminded me that timing is everything.

    My Time with the Edelsons

    time to buyThis adorable couple, recently married, comes into my office with the blinding glow of eagerness and enthusiasm that you’d expect from a first time homebuyer.  Both of them express how excited they were to get out and look at homes, learn about market conditions, and of course, could not take their eyes off each other the whole time.  When I asked them how soon they wanted to move, they took their eyes off of each other for a moment and said, ‘that depends on….’.  The long pause gave me ample time to realize they were thinking about having children.  I held up my hand as to say ‘I’m with you’ and proceeded to ask them a few questions.  By the end of the conversation they thought they would buy something small, just for them, and postpone having children until they could move up and keep this small place as an investment property.  Smart, I thought, these young kids thinking about the big picture like that.

    In the coming weeks we looked at condos and townhomes and finally made an offer on one.  We wrote a strong offer, only to be outmatched by an investor with deeper pockets and the couple was heartbroken.  We found another great property, a single family house in fact, again missing the mark by only a few thousand dollars.

    A Wrinkle in Time

    Against our original discussions the couple looked into other areas, ones that could give them a little more bang for the buck and boy did it bang.  A gorgeous completely turn-key home was available and in their budget complete with man cave potential and a backyard that screamed margarita machine.  Suddenly I sensed a shift from that ‘something small, investment property’ discussion and literally felt chills when they said, ‘get this one for us Sam’.

    time to buy

    Only on the market for 72 hours there were already 5 other offers so there was no playing around.  I wrote the cover letter of my life and the sellers fell in love with my clients just as much as I had.  The offer was accepted and we closed 30 days later.

    At the housewarming party, my observations that long terms plans had shifted were confirmed when the husband pulled me aside in his newly acquired man cave to reveal that they were expecting a baby.

    Chalk It Up to Good Timing

    As much as you want to strategize and analyze the market, sometimes real estate just comes down to good timing lining up with the right property.  Yes, buying low and selling high is ideal but for most of us life events will drive the decision.  Yes, big life events don’t make themselves into a compelling chart or statistical data to debate over, but if you are thinking about a big life change coming your way whether it be marriage, babies, children moving out, job relocation or downsizing, it is those events that will tell you if the timing is right.  Everything else is just noise, noise not worth listening to.

    Is Good Timing Upon You?

    Is there some advantage to moving forward today?  Interest rates are low right now.  It is difficult to forecast what rates will do in the coming months and years, but for right now they are low which can allow you to afford more home for less money.  If you’d like to speak to me about if the timing is right for you, please don’t hesitate to contact me.

     

  • First Time Homebuyers, It is Time to Buy

    You’ve heard it before from most real estate agents.  “The time to buy is now”.  “You better buy right now or you are going to miss out”.  Well, now it really is a great time to buy and let me tell you why:

    Rents Are Going Up in Ventura County

    Check out this cool graphic that shows average rents in each city of Ventura County.   As you can see the trend is rent increasing with no signs of stabilization as there are still many renters out there willing to outbid you for a place.

    With the investors buying up much of the inventory over the last few years there has also been a slew of new rental properties available, fixed up and ready to rent.  You have to pay a pretty penny for those units as they have been completely rehabbed and much more in demand amongst renters.  Can you afford to stay in this mix of unpredictable cost increases and ever-changing landscape?  More importantly, are you ready to stop padding someone else’s pockets?

    Rates Are Going Up, Across the Board

    With a favorable employment rate and other financial factors rates have been slowly ‘eeking’ up each week of March with no signs of slowing.  Yes, the increases have been gradual, but you don’t have to be a math major to figure the jaw dropping difference and 1/8 of a point can make on your monthly mortgage payment.  Let’s just say it might be enough to potentially price you out of the home price range you are hoping for which would be a major, major bummer.

    More Inventory Has Been Coming Onto the Market

    The property gods have been answering prayers lately and we are starting to see a lot more properties coming onto the market.  It is not only nice to have more options to look at while you are looking for that dream home, but it also indicates that sellers are now seeing some equity in their homes and there is no reason why you can’t get in and start building some of your own.  Why let them have all the fun?

    Start your search now: http://www.sambenner.com/ventura-county-homes-for-sale/

    Lenders Have Amazing First Time Homebuyer Programs

    My lending partners at Guild Mortgage Company recently had a first time homebuyers workshop and I was amazed at the numerous programs that are avaiable to first time homebuyers.  This include but are not limited to down payment assistance programs, police/fire/educator/veterans programs, and even some of the more creative programs are starting to come back.  All indicators that the banks are ready to get in business with you to help you make home ownership possible where they might have not before.

    Our First Time Should Be Unforgettable, In A Good Way

    I can personally assist you with each step of the process, which can be numerous, frustrating, and sometimes confusing.  Working with a real estate agent who was born, raised, and proudly serves in Ventura County you can rest assured that you will have a true partner that will be there to find, get, and most importantly, close on the home of your dreams.

    So, Let’s talk, get you pre-qualified, and start the hunt today.  We’ll have some fun along the way too.