By Kay Wilson-Bolton
President, Ventura County Coastal Assn of REALTORS®
October 29, 2000
Homeowners generally labor over whether or not to place their home on the market during the holidays. The REALTORS® I know plan to work right through the season, so we are available to serve your real estate needs.
Homes often look and smell their best through the months of November and December. Buyers are often taken with the décor, so if timing is important, we encourage you to take advantage of the holiday buying season.
A word for income property owners who handle their own management. Take a moment to send a note to your tenants reminding them that Christmas trees are a fire hazard if left dry with lights on them. Plenty of water in the tray could prevent a fire.
Remind them to test smoke detectors and that overloads on electrical outlets can put their household in danger.
Another area where tenants can help landlords maintain clean and safe housing is for them to report problems in the unit; particularly the smell of gas, leaky faucets and a furnace that won’t light.
The Gas Company is a wonderful ally for both tenants and landlords. They respond within hours when the smell of gas is reported. There is no excuse for tenants to be without service or to be in danger.
Homeownership is at an all-time high in America. Reports show that 67.7 of Americans now own their own home. Besides the record national homeownership rate, all-time high rates were set for minorities with 48.2 percent; Hispanics, 46.7 percent; households headed by females, 53.3 percent; households earning less than the median family income, 52.2 percent and married couples younger than 35, 61 percent.
The median price for single-family detached homes in California rose by double-digits for the 10th time in the last twelve-month period. The median price for a home in California during September 2000 was $248,000, a 13% increase over September 1999. In Ventura County, the median price is $297,000, which is a 15% increase over 1999.
The dream of homeownership is still alive and the challenge for cities to plan for natural growth rates is huge. The need for continuing dialogue among government entities and community leaders is essential.
When buying or selling your next home, choose a REALTOR®. There is a difference and you can benefit. For more information, contact Randy McCaslin, Association Executive, Ventura County Coastal Assn of REALTORS® at 981.2100. Our website is http://www.vc-realtors.com