Two of the biggest questions I am asked as a real estate professional lately is "How is the market?" and "What will 2014 be like for real estate?" Well, here are the answers.
How is the market?
Currently in San Diego county home prices are rising, inventory is low and mortgage interest rates are still very low.
What to expect.
The real estate market will continue to recover as the economy improves and more sellers regain equity in their homes. Inventory will then improve but it will be more expensive to buy a home in 2014 than it currently is due to rising prices and mortgage interest rates.
Should I buy now or wait?
You should buy now if you can. Inventory may be low but that doesn't mean you can't find the home of your dreams. It benefits you to buy now and take advantage of the low interest rates. Why wait for home prices and interest rates to go up?
Should I sell now?
That depends on your situation. If you are buying replacement home then yes! Take advantage of the interest rates and lower home prices. Not to mention there is less competition from other sellers.
But won't I be able to sell my current home for more in a year or two?
Yes the price of your current home should rise but so will the price of the new house you are buying and with all likelihood interest rates will rise as well. These are items you will be paying for years to come. Waiting could cost you thousands of dollars.
Tuesday, November 19, 2013
Tuesday, November 12, 2013
Thanksgiving Shopping List
Here is a shopping list to help you with your Thanksgiving shopping. It has some of the most used items and space to add more.
Monday, August 19, 2013
Jamul Moving Sale Lots of Great Items
My clients are moving from their Jamul home and have lots of great items for sale. If you are interested in any of the items please call me and I will put you in contact with the sellers. Kimberlee (619) 987-5143
Antique telephone table - $50.00
Antique Vanity w/ mirror - $75.00
Antique Vanity w/ mirror (shown in picture w/o mirror) - $50.00
coffee table or TV stand - $40.00
Corner office desk - $75.00
Short wood and marble buffet table -$40.00
Some of the other items we have that I didn't take pictures of are:
Antique sewing machine -$50.00
Wood rocking chair - $20.00
Some of the other items we have that I didn't take pictures of are:
Kitchen hutch - $50.00
2 microwave ovens - smaller size - both hardley
used - $10.00 each
kitchen table and chairs - $30.00
coffee table and w/ matching end tables $20.00
white corner shelf - $15.00
two bed tables -$10.00 each
(2) portable air conditioners in excellent
shape, hardley used $50.00 each
Reebok weight bench - free
Collection of Toby mugs - $50.00
Snowboards (2) - $20.00 each
snowboard pants and jacket - free
pots for plants - cheap
plants - cheap
Thursday, July 18, 2013
3 Real Estate Scams to Watch Out For
Important information! Please share with your friends.
Though the housing recovery is trucking along, that doesn't mean real estate scams have gone away. Home owners have been duped out of an average of $4,000 to $5,000 from scams, but even five-figure losses aren’t uncommon for those who have fallen prey to fake loan modifications and other housing fraud. Forbes recently highlighted three of the most common real estate scams today:
1. Rental scams: Scammers illegally pull online listing information from a home for sale and re-post it as a rental on another site, such as Craigslist. They’ll often ask for money upfront, in the form of a security deposit or broker fee, from prospective tenants. Scammers often advertise the home at a low price and collect application fees from several prospective tenants in order to hold the property for them.
Warning signs: Be cautious of wiring money or paying any upfront fee before you’ve met the agent or signed the contract. Also, be skeptical if they can’t show you the property when you ask.
2. Loan modification scams: Scammers may offer “fake foreclosure counseling, phony forensic loan auditing, nonexistent mass rejoinder lawsuits, bait-and-switch ploys, leaseback programs, and fraudulent ‘government’ modification programs,” Forbes reports.
Warning signs: Be skeptical if anyone asks for money for foreclosure counseling. Foreclosure counseling is free from agencies like the U.S. Department of Housing and Urban Development. Also, always contact your lender directly to work through a modification process. Don’t allow someone to do that on your behalf.
3. Workshop scams: An investment guru will host a get-rich-quick real estate investing seminar and have you sign up for a course that is free or low-cost. The investor may then give you actual properties to invest in if you offer up thousands of dollars in advance. They make bold promises that you’ll become a millionaire, but then nothing ever happens. Also, a form you may have signed initially to take the class may prevent you from taking legal action against the instructor to recoup your money.
Warning signs: While not every workshop instructor is a scammer, be sure to check out the program thoroughly before signing up. Check the company’s rating with the Better Business Bureau. Also, check if it’s linked to a reputable industry association.
Source: “3 Real Estate Scams and How to Avoid Them,” Forbes.com (July 16, 2013)
1. Rental scams: Scammers illegally pull online listing information from a home for sale and re-post it as a rental on another site, such as Craigslist. They’ll often ask for money upfront, in the form of a security deposit or broker fee, from prospective tenants. Scammers often advertise the home at a low price and collect application fees from several prospective tenants in order to hold the property for them.
Warning signs: Be cautious of wiring money or paying any upfront fee before you’ve met the agent or signed the contract. Also, be skeptical if they can’t show you the property when you ask.
2. Loan modification scams: Scammers may offer “fake foreclosure counseling, phony forensic loan auditing, nonexistent mass rejoinder lawsuits, bait-and-switch ploys, leaseback programs, and fraudulent ‘government’ modification programs,” Forbes reports.
Warning signs: Be skeptical if anyone asks for money for foreclosure counseling. Foreclosure counseling is free from agencies like the U.S. Department of Housing and Urban Development. Also, always contact your lender directly to work through a modification process. Don’t allow someone to do that on your behalf.
3. Workshop scams: An investment guru will host a get-rich-quick real estate investing seminar and have you sign up for a course that is free or low-cost. The investor may then give you actual properties to invest in if you offer up thousands of dollars in advance. They make bold promises that you’ll become a millionaire, but then nothing ever happens. Also, a form you may have signed initially to take the class may prevent you from taking legal action against the instructor to recoup your money.
Warning signs: While not every workshop instructor is a scammer, be sure to check out the program thoroughly before signing up. Check the company’s rating with the Better Business Bureau. Also, check if it’s linked to a reputable industry association.
Source: “3 Real Estate Scams and How to Avoid Them,” Forbes.com (July 16, 2013)
Monday, June 3, 2013
El Cajon Real Estate Market Report - May 2013
Here are the real estate statistics for May. I have included the numbers for single family homes in El Cajon. They are divided by the three El Cajon zip codes. If you would like statistics for another area, please feel free to let me know.
92019
There are currently 46 active real estate listings in El Cajon (92019), ranging from $265,000 for 3 bedrooms,2 bathroom, 1266 square feet to 1,999,999 for 4 bedrooms, 6 bathrooms, 5890 square feet.
53 properties are pending (currently in escrow).
34 properties sold (closed escrow) ranging from $276,000 for 4 bedrooms, 3 bathrooms, 1900 square feet to $690,000 for 4 bedrooms, 3 bathrooms, 3124 square feet. The average time on the market was 51 days.
92020
There are currently 46 active real estate listings in El Cajon (92020), ranging from $299,000 for 2 bedrooms,1 bathroom, 800 square feet to 1,595,876 for 6 bedrooms, 5 bathrooms, 5368 square feet.
49 properties are pending (currently in escrow).
36 properties sold (closed escrow) ranging from $190,000 for 3 bedrooms, 1 bathrooms, 1064 square feet to $754,900 for 4 bedrooms, 2 bathrooms, 2439 square feet. The average time on the market was 36 days.
92021
There are currently 34 active real estate listings in El Cajon (92021), ranging from $279,900 for 2 bedrooms,1 bathroom, 1008 square feet to 2,600,000 for 5 bedrooms, 7 bathrooms, 8331 square feet.
51 properties are pending (currently in escrow).
56 properties sold (closed escrow) ranging from $375,000 for 2 bedrooms, 1 bathrooms, 1000 square feet to $840,000 for 4 bedrooms, 4 bathrooms, 4565 square feet. The average time on the market was 46 days.
92019
There are currently 46 active real estate listings in El Cajon (92019), ranging from $265,000 for 3 bedrooms,2 bathroom, 1266 square feet to 1,999,999 for 4 bedrooms, 6 bathrooms, 5890 square feet.
53 properties are pending (currently in escrow).
34 properties sold (closed escrow) ranging from $276,000 for 4 bedrooms, 3 bathrooms, 1900 square feet to $690,000 for 4 bedrooms, 3 bathrooms, 3124 square feet. The average time on the market was 51 days.
92020
There are currently 46 active real estate listings in El Cajon (92020), ranging from $299,000 for 2 bedrooms,1 bathroom, 800 square feet to 1,595,876 for 6 bedrooms, 5 bathrooms, 5368 square feet.
49 properties are pending (currently in escrow).
36 properties sold (closed escrow) ranging from $190,000 for 3 bedrooms, 1 bathrooms, 1064 square feet to $754,900 for 4 bedrooms, 2 bathrooms, 2439 square feet. The average time on the market was 36 days.
92021
There are currently 34 active real estate listings in El Cajon (92021), ranging from $279,900 for 2 bedrooms,1 bathroom, 1008 square feet to 2,600,000 for 5 bedrooms, 7 bathrooms, 8331 square feet.
51 properties are pending (currently in escrow).
56 properties sold (closed escrow) ranging from $375,000 for 2 bedrooms, 1 bathrooms, 1000 square feet to $840,000 for 4 bedrooms, 4 bathrooms, 4565 square feet. The average time on the market was 46 days.
Jamul Real Estate Market Report - May 2013
Summer is here! It is time for the monthly real estate market report. I have included the statistics for active, pending and sold single family homes in Jamul. If you would like information on another area, feel free to let me know.
There are currently 23 active real estate listings in Jamul, ranging from $250,000 for 2 bedrooms, 1 bathroom, 760 square feet to 1,749,000 for 5 bedrooms, 8 bathrooms, 6915 square feet.
21 properties are pending (currently in escrow).
8 properties sold (closed escrow) ranging from $286,700 for 3 bedrooms, 1 bathrooms, 936 square feet to $900,000 for 4 bedrooms, 4 bathrooms, 3465 square feet. The average time on the market was 35 days.
There are currently 23 active real estate listings in Jamul, ranging from $250,000 for 2 bedrooms, 1 bathroom, 760 square feet to 1,749,000 for 5 bedrooms, 8 bathrooms, 6915 square feet.
21 properties are pending (currently in escrow).
8 properties sold (closed escrow) ranging from $286,700 for 3 bedrooms, 1 bathrooms, 936 square feet to $900,000 for 4 bedrooms, 4 bathrooms, 3465 square feet. The average time on the market was 35 days.
Alpine Real Estate Market Report - May 2013
Happy summer everyone. It is June, so time for the May real estate market report for Alpine. I have included the statistics for the active, pending and sold single family homes. If you would like the numbers for condos or another area, feel free to let me know.
There are currently 38 active real estate listings in Alpine, ranging from $274,900 for 2 bedrooms, 1 bathroom, 922 square feet to 2,500,000 for 3 bedrooms, 3 bathrooms, 3100 square feet.
47 properties are pending (currently in escrow).
23 properties sold (closed escrow) ranging from $276,000 for 2 bedrooms, 2 bathrooms, 1118 square feet to $1,900,000 for 6 bedrooms, 7 bathrooms, 6444 square feet. The average time on the market was 59 days.
There are currently 38 active real estate listings in Alpine, ranging from $274,900 for 2 bedrooms, 1 bathroom, 922 square feet to 2,500,000 for 3 bedrooms, 3 bathrooms, 3100 square feet.
47 properties are pending (currently in escrow).
23 properties sold (closed escrow) ranging from $276,000 for 2 bedrooms, 2 bathrooms, 1118 square feet to $1,900,000 for 6 bedrooms, 7 bathrooms, 6444 square feet. The average time on the market was 59 days.
Wednesday, May 1, 2013
El Cajon Real Estate Market Report - April 2013
Happy May Day everyone. Here are the real estate statistics for El Cajon for the month of April 2013. I have included the numbers for single family homes for all three zip codes. If you would like th stats for condos or another area, please feel free to let me know.
92019
There are currently 44 Active listings. Ranging from $279,000 for 2 bedrooms, 2 bathrooms, 1152 square feet to $1,999,999 for 4 bedrooms, 6 bathrooms, 5890 square feet.
44 properties are pending (currently in escrow).
20 properties sold (closed escrow) in April. Ranging from $245,000 for 3 bedrooms, 2 bathrooms, 1014 square feet to $725,000 for 4 bedrooms, 4 bathrooms, 3330 square feet. The average time on the market was 70 days.
92020
There are currently 38 Active listings. Ranging from $220,500 for 2 bedrooms, 2 bathrooms, 1128 square feet to $1,595,873 for 6 bedrooms, 5 bathrooms, 5368 square feet.
51 properties are pending (currently in escrow).
24 properties sold (closed escrow) in April. Ranging from $224,900 for 1 bedrooms, 1 bathroom, 774 square feet to $675,000 for 3 bedrooms, 2 bathrooms, 3000 square feet. The average time on the market was 43 days.
92021
There are currently 35 Active listings. Ranging from $299,900 for 3 bedrooms, 2 bathrooms, 1358 square feet to $900,000 for 5 bedrooms, 4 bathrooms, 4861 square feet.
77 properties are pending (currently in escrow).
47 properties sold (closed escrow) in April. Ranging from $171,000 for 2 bedrooms, 1 bathroom, 878 square feet to $659,000 for 4 bedrooms, 3 bathrooms, 2873 square feet. The average time on the market was 54 days.
92019
There are currently 44 Active listings. Ranging from $279,000 for 2 bedrooms, 2 bathrooms, 1152 square feet to $1,999,999 for 4 bedrooms, 6 bathrooms, 5890 square feet.
44 properties are pending (currently in escrow).
20 properties sold (closed escrow) in April. Ranging from $245,000 for 3 bedrooms, 2 bathrooms, 1014 square feet to $725,000 for 4 bedrooms, 4 bathrooms, 3330 square feet. The average time on the market was 70 days.
92020
There are currently 38 Active listings. Ranging from $220,500 for 2 bedrooms, 2 bathrooms, 1128 square feet to $1,595,873 for 6 bedrooms, 5 bathrooms, 5368 square feet.
51 properties are pending (currently in escrow).
24 properties sold (closed escrow) in April. Ranging from $224,900 for 1 bedrooms, 1 bathroom, 774 square feet to $675,000 for 3 bedrooms, 2 bathrooms, 3000 square feet. The average time on the market was 43 days.
92021
There are currently 35 Active listings. Ranging from $299,900 for 3 bedrooms, 2 bathrooms, 1358 square feet to $900,000 for 5 bedrooms, 4 bathrooms, 4861 square feet.
77 properties are pending (currently in escrow).
47 properties sold (closed escrow) in April. Ranging from $171,000 for 2 bedrooms, 1 bathroom, 878 square feet to $659,000 for 4 bedrooms, 3 bathrooms, 2873 square feet. The average time on the market was 54 days.
Jamul Real Estate Market Report - April 2013
Today is the first of May already!! Happy May Day everyone. Here are the real estate statistics for Jamul for the month of April 2013. I have included the numbers for single family homes. If you would like th stats for condos or another area, please feel free to let me know.
There are currently only 25 Active listings in Jamul. Ranging from $399,900 for 3 bedrooms, 3 bathrooms, 1515 square feet to $1,800,000 for 5 bedrooms, 8 bathrooms, 69154 square feet.
22 properties are pending (currently in escrow).
2 properties sold (closed escrow) in April. Ranging from $390,000 for 3 bedrooms, 2 bathrooms, 1988 square feet to $649,000 for 4 bedrooms, 4 bathrooms, 4076 square feet. The average time on the market was 60 days.
There are currently only 25 Active listings in Jamul. Ranging from $399,900 for 3 bedrooms, 3 bathrooms, 1515 square feet to $1,800,000 for 5 bedrooms, 8 bathrooms, 69154 square feet.
22 properties are pending (currently in escrow).
2 properties sold (closed escrow) in April. Ranging from $390,000 for 3 bedrooms, 2 bathrooms, 1988 square feet to $649,000 for 4 bedrooms, 4 bathrooms, 4076 square feet. The average time on the market was 60 days.
Alpine Real Estate Market Report - April 2013
Happy May Day everyone. Here are the real estate statistics for Alpine for the month of April 2013. I have included the numbers for single family homes. If you would like th stats for condos or another area, please feel free to let me know.
There are currently 53 Active listings. Ranging from $75,000 for 2 bedrooms, 1 bathroom, 768 square feet to $2,595,000 for 6 bedrooms, 7 bathrooms, 6444 square feet.
42 properties are pending (currently in escrow).
10 properties sold (closed escrow) in April. Ranging from $252,000 for 3 bedrooms, 2 bathrooms, 1689 square feet to $965,000 for 4 bedrooms, 5 bathrooms, 4396 square feet. The average time on the market was 86 days.
There are currently 53 Active listings. Ranging from $75,000 for 2 bedrooms, 1 bathroom, 768 square feet to $2,595,000 for 6 bedrooms, 7 bathrooms, 6444 square feet.
42 properties are pending (currently in escrow).
10 properties sold (closed escrow) in April. Ranging from $252,000 for 3 bedrooms, 2 bathrooms, 1689 square feet to $965,000 for 4 bedrooms, 5 bathrooms, 4396 square feet. The average time on the market was 86 days.
Monday, April 1, 2013
El Cajon Real Estate Report March 2013
I hope everyone had a great month and a Happy Easter. Here are the real estate statistics for all three zip codes in El Cajon. These numbers are for single family homes. If you would like the numbers for a different area or for condos, feel free to let me know.
92019
There are currently 32 active listings in El Cajon zip 92019. Ranging from $204,900 for 2 bedroom, 1 bathroom, 706 square feet to $1,788,000 for 4 bedroom, 5 bathroom, 4498 square feet.
39 properties are pending, (currently in escrow).
34 properties sold (closed escrow) in march. Ranging from $195,100 for 3 bedroom, 1 bathroom, 945 square feet to $721,500 for 5 bedroom, 4 bathroom, 4489 square feet. The average time on the market was 38 days!
92020
There are currently 41 active listings in El Cajon zip 92020. Ranging from $199,000 for 2 bedroom, 1 bathroom, 846 square feet to $1,595,000 for 6 bedroom, 5 bathroom, 5368 square feet.
40 properties are pending, (currently in escrow).
30 properties sold (closed escrow) in march. Ranging from $160,000 for 2 bedroom, 1 bathroom, 754 square feet to $820,000 for 3 bedroom, 4 bathroom, 3388 square feet. The average time on the market was 44 days!
92021
There are currently 42 active listings in El Cajon zip 92021. Ranging from $175,000 for 3 bedroom, 2 bathroom, 1568 square feet to $859,000 for 5 bedroom, 4 bathroom, 4861 square feet.
75 properties are pending, (currently in escrow)!
29 properties sold (closed escrow) in march. Ranging from $202,000 for 1 bedroom, 1 bathroom, 866 square feet to $700,000 for 4 bedroom, 4 bathroom, 3624 square feet. The average time on the market was 72 days.
92019
There are currently 32 active listings in El Cajon zip 92019. Ranging from $204,900 for 2 bedroom, 1 bathroom, 706 square feet to $1,788,000 for 4 bedroom, 5 bathroom, 4498 square feet.
39 properties are pending, (currently in escrow).
34 properties sold (closed escrow) in march. Ranging from $195,100 for 3 bedroom, 1 bathroom, 945 square feet to $721,500 for 5 bedroom, 4 bathroom, 4489 square feet. The average time on the market was 38 days!
92020
There are currently 41 active listings in El Cajon zip 92020. Ranging from $199,000 for 2 bedroom, 1 bathroom, 846 square feet to $1,595,000 for 6 bedroom, 5 bathroom, 5368 square feet.
40 properties are pending, (currently in escrow).
30 properties sold (closed escrow) in march. Ranging from $160,000 for 2 bedroom, 1 bathroom, 754 square feet to $820,000 for 3 bedroom, 4 bathroom, 3388 square feet. The average time on the market was 44 days!
92021
There are currently 42 active listings in El Cajon zip 92021. Ranging from $175,000 for 3 bedroom, 2 bathroom, 1568 square feet to $859,000 for 5 bedroom, 4 bathroom, 4861 square feet.
75 properties are pending, (currently in escrow)!
29 properties sold (closed escrow) in march. Ranging from $202,000 for 1 bedroom, 1 bathroom, 866 square feet to $700,000 for 4 bedroom, 4 bathroom, 3624 square feet. The average time on the market was 72 days.
Alpine Real Estate Market Report March 2013
Happy April everyone. I hope you all had a good month and a Happy Easter. Here are the real estate statistics for Alpine for the month of March 2013. Thesse numbers are for single family homes only. If you would like the numbers for condos or another area, please let me know.
There are currently 44 active listings in Alpine. Ranging from $249,990 for 3 bedrooms,2 bathrooms, 711 square feet to $2,595,000 for 6 bedrooms, 7 bathrooms, 6444 square feet.
32 properties are pending (currently in escrow).
16 properties sold (closed escrow) in March. Ranging from $160,000 for 2 bedroom, 2 bathroom, 1173 square feet to $695,000 for 5 bedrooms, 5 bathrooms, 3445 square feet. The average time on the market was 60 days.
There are currently 44 active listings in Alpine. Ranging from $249,990 for 3 bedrooms,2 bathrooms, 711 square feet to $2,595,000 for 6 bedrooms, 7 bathrooms, 6444 square feet.
32 properties are pending (currently in escrow).
16 properties sold (closed escrow) in March. Ranging from $160,000 for 2 bedroom, 2 bathroom, 1173 square feet to $695,000 for 5 bedrooms, 5 bathrooms, 3445 square feet. The average time on the market was 60 days.
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