Is it a great time to buy an Oxnard Home? All real estate markets are local. There is no doubt that like many other areas the Oxnard real estate market has transitioned to a buyer's market. Buyers may have apprehension about buying out of concerns that if they continue to wait to make an Oxnard home purchase perhaps prices will drop even further. With foreclosures increasing and all the continued media coverage about the weakened housing market, it is no wonder some buyers remain on the fence. However there are some exceptional buying opportunities available for buyers to take advantage of.
If you're a ready buyer looking for an Oxnard home for sale you're being smart by paying attention to everything you hear and read about our local real estate market. However, don't limit your sources to just media coverage. A trusted, local agent can give you specific information to help you determine whether or not it's a great time to buy an Oxnard Home. 
With many sellers in distress and with the availability of short sales (where the lender agrees to accept a purchase price for less than what they are owed), and foreclosed/bank owned homes, now may be a good time to make a purchase. Investors, both local and out of area, know a good deal when they see one and you would be surprised by how many recent sales are all cash deals.
Whether or not it is a great time to buy depends on how you view home ownership and your motivation for buying. Buyers looking for a place to live for many years have a different motivation than an investor looking for a return. However, both types of buyers are looking for value. Being aware of market trends in your specific area of interest is important.
In any market it is important to be informed. Be an informed borrower(www.responsiblelending.org) and work with a knowledgeable Oxnard Real Estate agent who has a proven record of being trustworthy, knowledgeable and provides quality service (like me). Whether or not it's a great time to buy an Oxnard, California home is based on whether or not you find the right home for your needs at the right price. I can help you make that decision.
Comments(3)