Selling Your San Diego Home: Tips for 2012
At this time of the year, many of us are thinking of our income taxes. Filing returns with the IRS is often stressful and tiring. However, selling your house doesn't have to be!
You need real estate professionals to take the headaches and hassle out of selling your home. How can we help? First, we'll sit down together and discuss your individual situation.
Next, we'll evaluate the right marketing plan to reach your goals. In today's real estate market it's a tremendous advantage to create a complete, individually tailored marketing plan for every home.
When you're ready to proceed, we'll get started with the marketing of your home. There are many things we do to find buyers, including creating special feature flyers for your home, holding open houses, developing advertising, exposing it to other salespeople, and more. Download Tips on Selling Your Home!
Housing Prices Back to Parallel with Income Levels
To get full report click here
Real Estate Market Update...
San Diego econ index jumps record 1.9% download
Improvements in home construction and employment indicate recovery is picking up steam By Dean Calbreath, UNION-TRIBUNE Originally published March 31, 2011 at 12:39 p.m., updated March 31, 2011 at 5:23 p.m.
San Diego's leading economic indicators jumped by their highest level on record last month, driven by an improving job market and a pickup in home construction, the University of San Diego reported today. "February’s record gain suggests a pickup in the pace of the local economic recovery, which has been slow," said USD economist Alan Gin, who compiles the local index of economic indicators for the university's Burnham-Moores Center for Real Estate. But Gin cautioned that the county still has a long way to go to before it returns to pre-recession norms. Even though the job market has added 23,000 jobs since hitting bottom in January 2010, it is still has roughly 100,000 fewer jobs than at the beginning of the recession. Here are how the six leading indicators performed over the last two months (today's report includes January, which was delayed as the state recalculated employment data): Home construction. Building permits for residential units more than doubled in the first two months of 2011 compared to the same period in 2010. But that's a relatively low bar to hurdle, since 2010 was one of the worst periods on record. Unemployment. First-time claims for jobless benefits hit their lowest point since September 2008. The jobless rate dropped to 10.1 percent in February - or 10.0 percent after adjusting for seasonal trends, including the layoffs of temporary workers hired to handle holiday sales and year-end inventory management. For the first time in nearly two years, it seems that San Diego may be on the verge of returning to single-digit unemployment. Hiring. Online job postings in February hit their highest level since November 2008, according to an index maintained by Monster.com. There were pickups in hiring in nearly every industry, including particularly strong increases for business and financial operations, computer and mathematics, life and social sciences and arts, design and entertainment. A Monster.com report released today shows that the upward trend continued in March, except at a slightly slower pace. Consumer confidence. Local consumer confidence continued to rebound during the first two months of the year, despite higher gas prices and a stubbornly high unemployment rate. Starting this month, changes in the national index of consumer expectations will be used to approximate local consumer confidence, because the Union-Tribune discontinued its local polling in January. Stock prices. As of February, local stock prices advanced for seven consecutive in a row. National economy.The pace of national economic growth is slowly accelerating, with the GDP growing at a 3.1 percent annualized rate in the fourth quarter, up from 1.7 percent in the second quarter and 2.6 percent in the third quarter. But economists speculate that the pace may slow down, because of rising fuel prices as well as some supply line disruptions related to the earthquake and tsunami in Japan.
Real Estate Report March/April 2011 get your free report here.
Economic Data from January 2011 get your free report here
San Diego Home NEWS
Rent vs. Buy in this market
It's all about the numbers, right? If you are renting and have a steady income, you might want to consider buying.
One of my favorite resources on analyzing renting versus buying click here
After you carefully consider your budget, costs, net worth, and financial growth goals it is time to look at properties on the market. You can view our website for available properties in all price ranges to see what kind of house you can get for your money. You next step to seek professional help in viewing the property before considering making an offer. At first, it may seem intimidating because of the initial cost of buying a home, remember the big picture and also realize millions of people own property, and you can do it too.
Economic News for October click here.
Sacramento Bee California REALTORS® forecast slight rise in 2011 home sales
Sales of existing, single-family homes are expected to decline slightly in 2010 compared with 2009, but are forecast to rise slightly in 2011, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2011 California Housing Market Forecast.” Meanwhile, the median price of homes in California is expected to increase both in 2010 and 2011 compared with the year prior.
MAKING SENSE OF THE STORY FOR CONSUMERS
Following near record-high levels of year-over-year sales increases, home sales are expected to decline 10 percent in 2010 compared with 2009, according to the C.A.R. forecast. C.A.R.’s economists predict home sales will increase 2 percent in 2011 compared with 2010.
-Home sales are expected to end the year at 492,000 units, compared with 546,500 in 2009. C.A.R. forecasts sales will come in at 502,000 units in 2011.
-The median sales price is forecast to increase 11.5 percent to $306,500 for 2010, and an additional 2 percent in 2011 to $312,500, C.A.R. announced.
-According to C.A.R. Chief Economist Leslie Appleton-Young, the Association expects a net jobs increase of approximately 1.4 million jobs in California for 2011 and an improvement in unemployment figures, which many believe are key to the economic recovery.
- Ms. Appleton-Young also noted that a lean supply of available homes for sale will drive up prices at the low end ($500,000 and less), but larger inventories and limited, less-attractive financing will cause continued softness at the high end of the market ($1 million and more).
Read the full story: http://www.sacbee.com/2010/10/05/3080072/california-realtors-forecast-slight.html
In Other REAL ESTATE News…
Los Angeles Times Prices rise for homes in foreclosure or sold by banks
Prices for homes either in foreclosure or sold by banks rose in the second quarter, according to a real estate group, underscoring competition in the market for distressed properties and the degree to which the mortgage crisis has spread to more affluent neighborhoods. Read the full story: http://www.latimes.com/business/realestate/la-fi-foreclosures-20100930,0,6114536.story
Los Angeles Times College-student housing presents investment opportunities
It's not free of risk and is far more management-intensive than conventional multifamily properties, but student housing has a long history of growth and stability. Read the full story:http://www.latimes.com/business/realestate/la-fi-student-housing-20101003,0,1425837.story
Mercury News Congress holds conforming loan limits at nearly $730,000
Congress has extended a policy that allows homeowners in pricey real estate markets to secure government-backed mortgages of nearly $730,000. Read the full story: http://www.mercurynews.com/breaking-news/ci_16215740
Wall Street Journal Serious delinquencies fall for fifth month in a row
Fannie Mae said serious delinquencies on single-family mortgages slid in July from June, the fifth-straight month of declines, further signaling that home-loan problems were on the downswing.
Read the full story: http://blogs.wsj.com/developments/2010/09/30/serious-delinquencies-fall-for-fifth-month-in-a-row/
Wall Street Journal A new way to cut a mortgage
Some homeowners who already have refinanced into low-interest-rate mortgages are using a little-known strategy to make their monthly payments even smaller. Called "recasting" or "re-amortizing," the strategy allows a borrower to lower the monthly payment on an existing fixed-rate home loan for a small fee without having to apply for a new loan and without having to pay reappraisal and other fees. Read the full story: http://online.wsj.com/article/SB10001424052748704791004575520313350677180.html?mod=WSJ_hpp_sections_realestate
New York Times Refinancing into shorter loans
Grim headlines about the housing market can make that final mortgage payment seem like a distant dream. But a growing number of homeowners are refinancing into shorter-term mortgages designed to make the dream become a reality sooner. Read the full story: http://www.nytimes.com/2010/10/03/realestate/03mort.html?_r=1&ref=realestate
USA Today Lack of title insurance could slow sales of foreclosed homes
Foreclosed homes could get harder to buy now that one of the nation's largest title insurance companies has stopped insuring titles to homes foreclosed by JPMorgan Chase and GMAC Mortgage. Read the full story: http://www.usatoday.com/money/economy/housing/2010-10-01-boa-delays-foreclosures_N.htm?loc=interstitialskip
International Buyers
International buyers are taking advantage of local San Diego real estate even without the
pending green card bill. In the WSJ published this last October 2011
Foreigners have accounted for a growing share of home purchases in
South Florida, Southern California, Arizona and other hard-hit markets. Chinese and
Canadian buyers, among others, are taking advantage not only of big declines in U.S. home prices and
reduced competition from Americans but also of favorable foreign exchange rates,
foreigners who spend $500,000 in cash on U.S. real estate would be given visas.
To fuel this demand, the proposed measure would offer visas to any foreigner
making a cash investment of at least $500,000 on residential real-estate—a
single-family house, condo or townhouse. Applicants can spend the entire amount
on one house or spend as little as $250,000 on a residence and invest the rest
in other residential real estate, which can be rented out.
Many foreign home buyers from Canada, China,
Europe are interested in buying a second home in the United States, however
finding the information regarding tax laws, state real estate laws, and
properties can be a challenging task. The internet has certainly made the
process easier to view homes online, and the information online isn't always credible.
Foreigners are left to connect with a local real estate broker or realtor for
help and advice to purchase property here in the United States.
In San Diego, where the weather and quality of life already attract the masses is
garnering a large share of new residents from other countries. If this proposed
bill passes it is sure to increase the value of homes and pressure on the
inventory is certain. For those looking to get in, now is a great to time look
at San Diego Real Estate, ocean view homes, beach front homes, gated community
homes.
Many answers and details can be found on our international clientele page
.
San Diego Real Estate Insight
MARKET SNAPSHOT
Real Estate Insight
Who Do You Have In YOUR Network?
At the risk of sounding like a cell service commercial, surrounding yourself with the right people to call on when you need them is more than just common sense in today’s swiftly changing world... it’s yet one more way to protect your family and friends.
If your roof is leaking, who do you call? Need a plumber in an emergency? Who can you trust? It’s not uncommon for families to have their doctor’s number ready to dial when someone gets sick, but it’s smart to also know what attorney to call with a legal question, the best appliance repair person for fast, honest service and of course, the real estate professional you can trust to give you the most accurate and timely answers to your real estate questions in today’s market.
Much like the friend you know you can call on at three in the morning, having the right people in your “network” goes a long way to maintaining that peace of mind we all seek these days. We hope you’ll keep us among your preferred contacts to call, and if you need some help finding the other trusted resources for your family, please let us know. We’re happy to help!
Luxury Real Estate San Diego
Cardiff by the Sea remains steady with only a slight dip in pricing over the last six months. Coronado has experienced a drop in over all real estate pricing Q4 2011 to Q1 2012. La Jolla real estate prices seem to mimic Coronado with a bit more drastic decline in pricing in December 2011 heading down into 2012. Del Mar real estate pricing saw a bit of an increase in Q4 and set to decline slightly in Q1 2012. If you are looking to move up into one of our luxury property markets, consider the costs involved and the upside as well. For a free market analysis of you home and a comparative market analysis on one of our luxury home markets, click here.
Del Mar Real Estate Update
The median price per square foot for homes in DEL MAR as of February 05 2012 is about $720. This is a combined average of all area's in Del Mar 92014. Please contact us to receive information in the area you are specifically looking for market information. Real Estate prices differ greatly by area: Olde Del Mar, Del Mar Heights, Del Mar Terrace and Del Mar Beach Colony all have different price averages.
DEL MAR Real Estate Market Today
SEARCH: Del Mar
Tips to Selling Your San Diego Home in 2012
If you are thinking of selling your home in San Diego in 2012, your likely looking at the real estate market pricing and asking friends, co-workers, real estate professionals if the market will go up in 2012. In this blog post we will attempt to give you a few tips of getting the most money for the sale of you home. The most important tip is to engage the services of a professional realtor, it typically cost sellers thousands of dollars, time and heart ache when they don't. This is the single most important item to consider. In a time where we are DIY (do it yourself) generation, ask yourself when was the last time you sold a home? Have you sold one in this current market, where buyers are sharks looking for floundering sellers, now more than ever, you need an active agent with the skill and experience to market, negotiate, and help close the deal.
Here are some more tips...
Grading on the “Curb.” “Curb Appeal” has never been more important than in a changing market. First impressions are everything and your home can be a masterpiece inside but if your outside is drab, dirty, cluttered or unkempt you can be sure that your prospective buyers will drive on by. Polish or replace hardware such as door knockers, knobs and light fixtures. Plant colorful flowers in the beds, trim hedges, keep your lawn tidy and consider a nice accent piece
for your porch. If your door looks faded or chipped, bring it back to life with a fresh “sand and paint” job.
Make Certain Your Home is Properly Staged. Consider hiring a professional to “stage” your house before prospective buyers begin coming through your door, especially if your house has been vacant for a while. A professional stager will generally charge between $1,000 and $2,000, and arrange home furnishings so that prospects can more easily envision their own furniture in the house. At the same time, an experienced stager can add a touch of class to your home.
San Diego Real Estate Pricing
Housing prices down again in 2011 down from slight up in 2010... some say it is could be a double dip.
Buying your first home doesn't have to be scary.
When it comes to buying your first home, things can look pretty frightening, especially if you're going it alone. We specialize in helping people who might be thinking about buying their first home...and we can help you in more ways than you might imagine.
There's no cost to you!
The first thing to know is that our services to you are absolutely free, and that's a promise. There are no hidden charges and no surprises. So, there's really nothing to lose and everything to gain by giving us a call.
First things first.
You'll want to begin the process by learning exactly how much home you can afford. We can calculate that for you in just a few moments. The rest is pretty simple. If you're serious about getting out of the rent habit and getting into a home of your own, give us a call. We can help.
Call today for a Free First Time Home Buyer Analysis
When you call, we'll set up a convenient time to get together. The whole process takes less than 20 minutes and we can even do it in the comfort of your own home.
When we've completed your "First Time Home Buyer Analysis", we can start searching for the home which suits you best. Before you know it, you'll be enjoying life in your brand new home.
August 2011 Real Estate Update
The bottom of the market... was still 2009.
Check out the new release from S&P/Case Shiller, San Diego is one of the cities included in the list.
July 2011 San Diego Real Estate update
San Diego real estate market update. If you are looking to buy or sell this summer 2011, this information is important to consider pricing trends and local economic numbers.
San Diego Economic Index July 2011
May 2011 housing data for San Diego
San Diego Housing data for May 2011 here
San Diego Real Estate Summer 2011 update
Most Trusted Financial News Sources Say Now Is the Time to BUY!
In despite of San Diego's local economic indicators all pointing up for the fourth straight month in a row, real estate news seems to be lagging behind. If you are a buyer, this is good news for you, here's why.
We heard some news on housing last week regarding pricing returning to a nine year low and local prices seem to be still softening. There was a lot of negativity surrounding these reports. Could be an over correction in the local real estate market? When short sales and foreclosures are not representative of a consistent long term market trend, you must look at the big picture, read between the lines, and see reality in the market. The real estate market is simply driven by supply and demand. Keep in mind it is a a product that is also a fundamental human need. Would you agree that a roof over our heads when they sleep at night is a need? The recent bad news for real estate caused more consumers to be concerned. However, the real question is what this means to you and your family. This could actually be great news if you are buying (either as a move-up buyer or a first-time buyer).
Don’t take my word for it... read for yourself. Here are excerpts from articles published last week by two of the country’s iconic financial publications: The Wall Street Journal and Forbes Magazine.
The Wall Street Journal: Why It’s Time to Buy
“Despite all the gloom, there are growing indications that it is a good time to buy… The long-term benefits of homeownership remain very much intact. For now, at least, you can deduct the mortgage interest on your taxes—a big perk for people in higher tax brackets. You get to paint your walls any color you wish, without having to clear it with a landlord. And assuming you can buy a home for about the same price as you can rent one, buying will give you the ability one day to live rent-free. Come retirement time, a paid-off mortgage means your monthly expenses are significantly reduced, and you have a chunk of equity to play with.”
Forbes Magazine: 9 Reasons to Buy a House Now
“If you’re planning to buy a house right now, the next few months may be the best time to buy… With a convergence of the factors (mentioned in the article) all of which are favorable to the prospective home buyer, there may not be a better time to buy than right now. It’s a buyer’s market, but like everything else in life, the bargain deals won’t last.”
Bottom Line
When the Wall Street Journal and Forbes have articles saying now is the time to buy, maybe it’s time to buy your San Diego real estate, contact us directly for assistance 858-461-1402.
