13 Summer Time Dangers
Here is a link to 13 summer time dangers. It is a good reminder as we head into the warm, sunny days of summer. But living in San Diego there are a couple of things I would like to add to the list. The first and probably the scariest for those of us who live in El Cajon and rural areas is rattle snakes. They are masters of hiding and you may not see them until it is too late. So if you are out hiking, walking in tall grass or even moving items around your backyard, use extreme caution.
The second reminder is not something that is specifically for homeowners but it is something we will hear about this summer. Rip currents can be sneaky so if you are heading to the beach remind everyone to be on the look out. It is also a good idea to remind your out of town company who may not be aware of what a rip current is, how to avoid them, and what to do if they find themselves caught in one.
The third reminder is sunscreen. With spring here and the sun shining we may forget just how quickly we can get sunburned. Use your sunscreen and don't let a red painful sunburn ruin the memory of a great day in San Diego.
I am sure there are many other things that can be added to this list of summer time dangers. Please feel free to add your own. Take care of yourself and each other and enjoy this beautiful San Diego day.
Wednesday, April 27, 2011
Tuesday, April 26, 2011
What Buyer's Market
I agree. So many buyers are quickly disenchanted when they start submitting offers. They have heard all the talk about it being a buyer's market but when they submit their offer they are out bid over and over again. I help my clients learn and understand the market. They need to know what similar homes are selling for so they can have a good idea of what the home is going to sell for. That way they can put in an educated offer.
The list price is many times irrelevant. Some sellers list a property way above the market value so in that case submitting an offer under the list price would be appropriate. On the other hand, banks often list the property for less than what they know it will sell for in order to get numerous bids quickly. You need to know what properties are selling for in the areas you are looking in so you can compete against other buyers in a way that will put you in the home of your dreams. If you need any help, just give me a call. In the mean time, here is an interesting article I would like to share.
REALTOR® Magazine-Daily News-Is This Really a Buyer's Market?
The list price is many times irrelevant. Some sellers list a property way above the market value so in that case submitting an offer under the list price would be appropriate. On the other hand, banks often list the property for less than what they know it will sell for in order to get numerous bids quickly. You need to know what properties are selling for in the areas you are looking in so you can compete against other buyers in a way that will put you in the home of your dreams. If you need any help, just give me a call. In the mean time, here is an interesting article I would like to share.
REALTOR® Magazine-Daily News-Is This Really a Buyer's Market?
Monday, April 25, 2011
Back on the Market in El Caon
I had been working a short sale for a couple of months and things were going smoothly. We received approval from the lender and we were ready to open escrow. I contacted the buyer's agent to let him know the good news and it appeared we were ready to go. Well, just a day later the buyer had a heart attack and of course the family's main focus was on his recovery and he was in no position to continue with the purchase.
That is one thing about real estate, you can never count on things going as planned. So, here is an opportunity for a buyer to step in an buy this short sale. Since the bank had previously approved it, we should be able to get another approval relatively quickly. If you or someone you know wants to buy a large, 3 bedroom condo, please let me know.
For Sale: 3BR/3BA Condo in El Cajon, CA, $195,000
That is one thing about real estate, you can never count on things going as planned. So, here is an opportunity for a buyer to step in an buy this short sale. Since the bank had previously approved it, we should be able to get another approval relatively quickly. If you or someone you know wants to buy a large, 3 bedroom condo, please let me know.
For Sale: 3BR/3BA Condo in El Cajon, CA, $195,000
Wednesday, April 20, 2011
Back on the Market
Take a look at this great home for sale in Rancho San Diego. This home is in great condition and will not last long. Please call me if you or someone you know would like to see this home.
Rancho San Diego Home For Sale
Rancho San Diego Home For Sale
Monday, April 18, 2011
Friday, April 8, 2011
Home Buyers and the Possible Government Shutdown
If you are buying a home, you may be asking yourself how the looming government shutdown can affect you. While the impact of the shutdown is still somewhat unclear here is some information to help you determine where you stand.
FHA loans will be affected by a shutdown. They will not be able to offer any new endorsements for any new loans in the Single Family Program. They will be able to continue to pay claims and collect premiums but they will not be endorsing new loans. If you are currently in escrow or your offer is accepted while the government is shutdown this will cause a delay in getting your loan funded until the shutdown ends.
VA loans will not be affected.
Rural Housing Programs will be affected. They will not be able to issue conditional commitments, loan note guarantees, or modifications of approval. This will delay your loan processing until the shutdown ends. If you have already started the process and have received these items, your loan should be able to close as scheduled.
Making Home Affordable programs; including HAMP and HAFA, SHOULD not be impacted. These programs were funded through the Emergency Economic Stabilization Act which is mandatory spending not discretionary and it is the discretionary funding that will not be issued during a shutdown.
If you are currently in escrow or enter escrow during a shutdown, make sure you check with your lender to find out exactly how your loan will be affected. In a "typical" transaction in California you have 17 days to do your inspections, appraisals and such. At the end of the 17 days you MAY be required to remove all your contingencies including your loan contingency. You need to make sure you will be able to get your loan funded during this time. If you try and cancel your escrow after this, you risk losing your deposit so make sure you will be able to get your loan.
FHA loans will be affected by a shutdown. They will not be able to offer any new endorsements for any new loans in the Single Family Program. They will be able to continue to pay claims and collect premiums but they will not be endorsing new loans. If you are currently in escrow or your offer is accepted while the government is shutdown this will cause a delay in getting your loan funded until the shutdown ends.
VA loans will not be affected.
Rural Housing Programs will be affected. They will not be able to issue conditional commitments, loan note guarantees, or modifications of approval. This will delay your loan processing until the shutdown ends. If you have already started the process and have received these items, your loan should be able to close as scheduled.
Making Home Affordable programs; including HAMP and HAFA, SHOULD not be impacted. These programs were funded through the Emergency Economic Stabilization Act which is mandatory spending not discretionary and it is the discretionary funding that will not be issued during a shutdown.
If you are currently in escrow or enter escrow during a shutdown, make sure you check with your lender to find out exactly how your loan will be affected. In a "typical" transaction in California you have 17 days to do your inspections, appraisals and such. At the end of the 17 days you MAY be required to remove all your contingencies including your loan contingency. You need to make sure you will be able to get your loan funded during this time. If you try and cancel your escrow after this, you risk losing your deposit so make sure you will be able to get your loan.
Friday, April 1, 2011
Alpine Housing Market
Here is how the Alpine real estate market looked for the month of March. This is for single family detached homes only.
There are currently 75 active listings (homes currently on the market); ranging from $164,900 for 1 bedroom, 1 bathroom, 754 square feet to $2,599,500 for 3 bedroom, 3 bathroom, 3000 square feet.
24 properties are pending (currently in escrow.)
18 properties sold (closed escrow); ranging from $199,000 for 0 bedroom, 1 bathroom, 600 square feet to $601,400 for 4 bedroom, 4 bathroom, 3707 square feet. The average time on the market was 75 days.
More Alpine Real Estate Stats and Graphs
There are currently 75 active listings (homes currently on the market); ranging from $164,900 for 1 bedroom, 1 bathroom, 754 square feet to $2,599,500 for 3 bedroom, 3 bathroom, 3000 square feet.
24 properties are pending (currently in escrow.)
18 properties sold (closed escrow); ranging from $199,000 for 0 bedroom, 1 bathroom, 600 square feet to $601,400 for 4 bedroom, 4 bathroom, 3707 square feet. The average time on the market was 75 days.
More Alpine Real Estate Stats and Graphs
El Cajon Housing Market
Here are the real estate statistics for the 3 zip codes of El Cajon. I have included single family detached homes only. This is for the month of march 2011.
92019
There are currently 121 active listings (currently on the market); ranging from $199,900 for 4 bedroom, 3 bathroom, 1522 square feet to $2,250,000 for 3 bedroom, 3 bathroom, 4445 square feet.
49 properties are pending (currently in escrow).
24 properties sold (closed escrow); ranging from $215,000 for 3 bedroom, 1 bathroom, 1036 square feet to $615,000 for 4 bedroom, 3 bathroom, 2372 square feet. The average time on the market was 66 days.
92020
There are currently 100 active listings; ranging from $140,000 for 2 bedroom, 1 bathroom, 816 square feet to $1,025,000 for 4 bedroom, 5 bathroom, 3519 square feet.
51 properties are pending (in escrow)
22 properties sold; ranging from $180,000 for 2 bedroom, 1 bathroom, 800 square feet to $905,000 for 4 bedroom, 5 bathroom, 4147 square feet. The average time on the market was 77 days.
92021
There are currently 123 active listings; ranging from $128,900 for 3 bedroom, 2 bathroom, 979 square feet to $999,900 for 5 bedroom, 4 bathroom, 6229 square feet.
49 properties are currently in escrow.
25 properties sold (closed escrow) in March; ranging from $195,000 for 3 bedroom, 1 bathroom, 1112 square feet to $575,000 for 4 bedroom, 2 bathroom, 2143 square feet. The average time on the market was 66 days.
More El Cajon Statistics and Graphs
92019
There are currently 121 active listings (currently on the market); ranging from $199,900 for 4 bedroom, 3 bathroom, 1522 square feet to $2,250,000 for 3 bedroom, 3 bathroom, 4445 square feet.
49 properties are pending (currently in escrow).
24 properties sold (closed escrow); ranging from $215,000 for 3 bedroom, 1 bathroom, 1036 square feet to $615,000 for 4 bedroom, 3 bathroom, 2372 square feet. The average time on the market was 66 days.
92020
There are currently 100 active listings; ranging from $140,000 for 2 bedroom, 1 bathroom, 816 square feet to $1,025,000 for 4 bedroom, 5 bathroom, 3519 square feet.
51 properties are pending (in escrow)
22 properties sold; ranging from $180,000 for 2 bedroom, 1 bathroom, 800 square feet to $905,000 for 4 bedroom, 5 bathroom, 4147 square feet. The average time on the market was 77 days.
92021
There are currently 123 active listings; ranging from $128,900 for 3 bedroom, 2 bathroom, 979 square feet to $999,900 for 5 bedroom, 4 bathroom, 6229 square feet.
49 properties are currently in escrow.
25 properties sold (closed escrow) in March; ranging from $195,000 for 3 bedroom, 1 bathroom, 1112 square feet to $575,000 for 4 bedroom, 2 bathroom, 2143 square feet. The average time on the market was 66 days.
More El Cajon Statistics and Graphs
Jamul Housing Market
This is no Aprils Fool's. Here are the real estate market statistics for Jamul for the month of March.
There are 39 Active Listings (homes currently on the market); ranging from $159,000 for 2 bedroom, 2 bath, 1223 square feet to $1,930,000 for 4 bedroom, 5 bathroom, 4502 square feet.
12 properties are pending, (currently in escrow).
14 properties sold in March (closed escrow); ranging from $285,000 for 3 bedrooms, 2 bathrooms, 1480 square feet to $700,000 for a 5 bedroom, 4 bathroom, 4029 square feet. The average days on the market was 55 days.
More Jamul Stats and Graphs
There are 39 Active Listings (homes currently on the market); ranging from $159,000 for 2 bedroom, 2 bath, 1223 square feet to $1,930,000 for 4 bedroom, 5 bathroom, 4502 square feet.
12 properties are pending, (currently in escrow).
14 properties sold in March (closed escrow); ranging from $285,000 for 3 bedrooms, 2 bathrooms, 1480 square feet to $700,000 for a 5 bedroom, 4 bathroom, 4029 square feet. The average days on the market was 55 days.
More Jamul Stats and Graphs
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