The Lund Team Real Estate Blog

If you are a buyer writing offers on short sales, be prepared. A short sale is not a foreclosure, but it is a “distressed sale” with a distressed seller.  In order to start the short sale process, the seller must write a hardship letter to the bank explaining how their situation has changed since they [...]

What’s the deal here…
Buyer: So I’m seeing a new home (detached and attached) which would qualify condition wise, complex approved for FHA sales and so on. Why is the listing agent saying no FHA offers for at least 90 days?
Check out the Housing and Urban Development site for all the details.
But basically it’s likely a [...]

Upcoming REO/Bank Owned property in Pacific Beach. Large townhome walking distance to the heart of Pacific Beach. Great location, quiet street, parking, bedroom/bathroom on 1st level and so on.
We’re planning cash for keys in the next week or so which gives us a couple weeks after that before list price.
Built in 1987, 3 bedroom, 3 [...]

The once dominant pricing strategy of San Diego was used less in 2009.  Only 12% of over 32,000 homes sold in the county used a Value Range.  Value range pricing is when a home is sold with a high and a low price.  For example: “Seller will entertain offers between $500,000 and $525,000”.
The idea is [...]

No, some even good values slip past the initial MLS/Consumer radar.
Example: 711 Greyfield Court, Fallbrook 92028 – MLS 090066549
Bank Owned. Listed over 2 weeks ago below all other comps in area. Premium location at end of cul-de-sac, very clean interior, 16,000+ sq. ft. lot. Built in 2001. Almost 2,700 sq. ft. Gated community of Peppertree [...]

Prices are starting to increase in Mystic Point! This is due to the attractive price-point and recent drop in inventory levels. There is currently nothing for sale in the neighborhood. I participated in three different transactions in Mystic Point over the last year. The first, a Plan One on Peninsula, was a bank-owned foreclosure. The [...]

The Lund team played host to the students from Pacific Ridge, the newer private school located in Carlsbad. The topic of conversation was environmentally friendly products in a business environment. We talked about the return on investment on green products, the future of green building products, and how to get businesses to adopt sometimes expensive [...]

Renowned area schools, award winning Poway Unified School District, walking distance to great shopping, food and local parks.
The community is very well maintained. Built just a few years ago. Attractive price point for a large 3 bedroom townhome with attached 2 car garage. Easy access to I-15 and 56 freeway for commuters.
16915 #50 HUTCHINS LANDING [...]

A pipe leak in your investment property can really screw up your expected returns. And if it’s a foreclosure, there are no disclosures and no previous owner telling you about the property. A pin-hole leak while your tenant is not at home could cost you more than you might expect. Here’s some quick tips on how to minimize the chances of you going bankrupt your first time around the board. (Monopoly reference…we love the game)

Fewer homes on the market, increasing prices and multiple offers: An excerpt from Tyson’s article in the Carlsbad Business Journal sheds light into an absolutely abnormal winter real estate market in 2009.