High net worth individuals want a property with state-of-the-art amenities such as a chef’s kitchen, luxury pool, motion detectors, and jacuzzis. Such buyers are also looking for a property with custom architecture, lavish finishes, and privacy. Proximity to activities and the natural beauty of a waterfront view is another thing to look for in luxury properties.
Home to ultra-sleek luxury homes and condos, Oxnard’s real estate market is one of the most dynamic in California. While the national median home price is estimated to hit an all-time high of $362,800 in June, Oxnard, CA’s median listing home price is $707.5K, trending up 14.3% year-over-year.
Slightly more modest prices in the luxury real estate market don’t necessarily spell affordability for the average homebuyer. Oxnard is home to plenty of the most lavish properties in the area, with many priced in the seven-figure category for a single-family home. Oxnard’s luxury market appears well-positioned to continue hitting historic highs in the first quarter of 2022 — minus unforeseen market circumstances.
Ranging in price from $2.2 million to $5.8 million, these luxurious homes come with everything from radiant heated floors to stunning cathedral ceilings and outdoor beachfront patios.
Oxnard, CA Beach & Boat Dock Homes for Sale
What You Need to Know Before Buying a Beach Home
Are you thinking of buying a beach home in California?
The sand, the sound of crashing waves, the picturesque seaside—all available 24/7, right outside your door; the prospect of owning a beach home can sound quite dreamy. However, there are many things that you should know before buying into this sort of investment.
People often get swept away by the idea of owning luxury oceanside property, and they overlook several crucial concerns that are wildly different from those of inland properties. If you think buying a beach home in Oxnard is the way to go, here are a couple of buying tips from beachfront real estate experts, Arlene and Keith Beckwith:
» Stick to Your Budget
It’s no surprise that many buyers get caught up in the glitz and glam of living on the beach, and they end up purchasing more house than they can afford.
Besides considering the mortgage cost, you still have to think about the inevitable repairs and renovations that can come with owning an oceanside property in Oxnard. Beachfront homes in Oxnard get exposure to a constant bombardment of the elements, such as salty sea air and strong winds, unlike properties in the mainland.
It is good practice to look ahead and prepare financial outlooks for years 1, 5, and 10 of owning the property.
» Don’t Forget About the Neighbors
It’s easy to fall in love with stunning Oxnard beachfront homes and forget about everything else. Before making a bid on an Oxnard beachfront home for sale, make sure you look beyond the stunning views and gorgeous houses. Are there good schools? Who will your kids play with? What about weekend activities?
Lucky for you, Oxnard, CA, was ranked the 68th best place to live in America in 2021. Oxnard is close to the beach and boasts a variety of stores and eateries, not to mention a very diverse community
» Find a Local Expert
The top real estate agents working in Oxnard Beach real estate possess a wealth of helpful information regarding the neighborhoods, hot listings, and new constructions.
Working closely with your buyer’s agent will make finding the right property for you easier.
» Don’t Forget About the Silent Costs
Excitement aside, ensure that you prepare yourself for hidden costs such as emergency maintenance. If you are ready to buy an Oxnard beach home, it’s crucial to know if your financial situation allows you to prepare for the total cost of ownership.
Make sure you consider these often-overlooked costs and weave them into your budget:
- Lenders Mortgage Insurance
- Additional Insurances
- Council Rates
- Stamp Duty
- Conveyancing
- Loan Fees
- Building and Pest Inspections
You can hire a mortgage professional to help ensure you are not taking on an unnecessary amount of financial risk.
» Negotiate on Your Terms
Buying into the luxury Oxnard Beach real estate market is likely to be the most significant financial decision of your life. That said, the last thing you want to do is close a deal on impulse just because you feel pressured.
» You can Always Walk Away
It happens: You’re buying a home, but something doesn’t feel right. Are you just getting cold feet? It’s perfectly okay to walk away. The bottom line is there’ll be other Oxnard Beach homes for sale.
Even after signing the purchase contract, you still legally have three clear business days to think about your purchase and back out if you want to.
And here are some tips to keep in mind when you’re ready to negotiate:
» Keep supply and demand in mind
Have you noticed little interest in the property? Or lots of similar houses? Maybe the real estate agent is being pushy – you might be in a position of power and could offer below the asking price.
» Remember that price isn’t the only negotiating tool when buying luxury real estate in Oxnard
You can negotiate on settlement terms – especially if you’re looking to get into the house quickly.
» The agent needs the sale to go through
Even though the real estate agent is working for the seller, they probably need to make a sale to get paid – so it’s worth working with them too.
Leaders in Beach and Boat Dock Homes in Oxnard, CA
At Arlene and Keith Beckwith, everything we do is about you. We are the market leader in Oxnard real estate because of the relationships we have built with our clients. The principles of sincere integrity and deep trust are paramount to our business, and we are passionate about serving our clients.
Do you want to sell quickly and for more? You can rely on our team at Arlene and Keith Beckwith. With decades of experience in Oxnard beach and beachfront real estate, we have sold a total of $500 million worth of properties and over 775 units. Consistently ranking at #1 for sales in Ventura County, our record certainly speaks for itself.
For quality professional services in the Oxnard real estate sector, contact our team directly at (805) 338-4466.