Tag Archive | "Education"
FHA Buyer’s 6 Month Seach Ends with Smiles
Being a first time home buyer in today’s market has it’s pros. You can take advantage of both FHA financing (only requires you to put 3.5% down) and the $8,000 first time home buyer tax credit. However, if you have been looking then you know finding and securing a property can be extremely frustrating. Not only [...]
Continue reading...Water’s End “Best Value West of I-5” in Carlsbad
Saturday, December 26, 2009
Looking for a gated, newer, walk to the beach location in Carlsbad, California… think Water’s End? Built by John Laing Homes (known for quality product) in 2003. this is a neighborhood to keep on your 2010 radar. Market update: 2009 – average sales price for last 6 months Dec – July = $710,000 at $302 per sq. ft. 2005 – [...]
Continue reading...Short Sale’s Are Now Tougher. Thanks. No Really…
Monday, December 21, 2009
This is a market changing turn for San Diego short sales and even short-sales nationwide. This gives homeowners and their agents not room for error when going for short sale approval. Today’s Morning Email from our Short-Sale Specialist: Note – the homes lost to auction were not Lund Team clients. —————— Date: Sun, Dec 20, 2009 at 9:12 PM Subject: 911-Regarding Sale Dates Hi Team, I [...]
Continue reading...Not Buyer Beware. Buyer Prepare.
Thursday, December 17, 2009
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 [...]
Continue reading...What’s the deal with the “No FHA Offers for 90 days”?
Thursday, December 17, 2009
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 [...]
Continue reading...So, What’s The Price?
Wednesday, December 16, 2009
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 [...]
Continue reading...Carlsbad’s Mystic Point Upswing
Friday, December 11, 2009
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 [...]
Continue reading...Become A Better Investor: Pipes
Wednesday, December 9, 2009
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)
Continue reading...Fewer Homes, Higher Prices
Wednesday, December 9, 2009
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.
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Monday, December 28, 2009
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