San Diego housing market is looking bright and sunny.According to the latest statistics, home prices are 24% higher than they were last year for attached homes (like townhouses and condos), and the prices for detached homes (like single-family houses) have gone up 16% over the past year. Whether they’re attached or detached.However no one can predict with certainty that this trend will continue through this year.If you are ready to sell, it would be advisable to do so now, when the market conditions tend to favor sellers.
Please feel free to contact me so that I may best assist you. As a native San Diegan, having grown up in Rancho Bernardo, and going through the Poway Unified School District, I will be able to help you determine which property may best suit your needs. I look forward to helping your move to the area be as smooth as possible. In the event you wish to do it on your own, some of the places you may wish to look for rentals include: Craigslist, Trulia, Backpage, SignonSanDiego. However, please be very diligent as, unfortunately, there are a lot of scams out there when it comes to rentals.
Chad Basinger, REALTOR®, CPA, CFP®
We are here to serve you finding the home you want. Our website is SueAven.KWRealty.com. You can then view homes that are currently for rent. Please register and provide contact information to facilitate correspondence. Sue... more
This is one of those questions that could take quite a while to answer. Fortunately, my wife wants to hang out with me, so I will keep this rather brief. The bottom line, whether it's an investor or first time home buyer, is the net proceeds to the seller combined with other critical terms (down payment, removal of contingencies, days to close, et.al) I believe the way you are asking the question means you are giving some assumptions to those labeled as "investors" versus those as "first time home buyers". I get that investors may have greater financial resources than first time buyers, but that is not always the case.
Also, keep in mind (for example Fannie Mae Homepath Properties), they do not allow investors to make an offer within the first fifteen days a property is on the market. In this market, any property that is priced well (especially those typically at the price points of your standard 1st time homebuyer), will be in pending prior to the 15 day period passing.
Anyway, that's the short and skinny, but would be happy to discuss in further detail with anyone.
Chad Basinger, REALTOR®, CPA, CFP®
This will give you an idea of what is happening. Last week a property came on the market listed at 339K (traditional sale). I represented a buyer and we wrote the offer in line with the comps at $330K....they countered us (and obviously many others) back at over $407K. We did not proceed, but it went into pending a day or so later and I'm sure it's in escrow over 400K....crazy!!!!
I could write a book on all the crazy things happening down in San Diego in the real estate market. I do know that extremes are generally not a good thing at all. By the way, we had one agent write offer 71 of 101 on a 250K condo (and this was 3 months ago...before the market really got crazy!!!)
Chad Basinger, REALTOR®, CPA, CFP®
I am the current owner and I have already contacted the police about this scam. Unfortunately, they don't intercede on these types of cases unless there is an identity fraud. They are using my Father's name as the renter. The home is actually for sale and in escrow. Sorry you are experiencing this. We also posed as a potential "renter" and received the same forms and request for payment. Hopefully one day soon they will get caught and DON'T SEND ANY MONEY.... more
We are with Albert on this, contact a real estate attorney with expertise in foreclosures.
Go to a professional in this field and take their advice on how to best proceed.
Good luck to you,
Mark & Kari Shea
Shea Real Estate
National Association of Realtors
CA DRE License 01713506... more
While you may wish to work with a property management company or a REALTOR, as they can provide a ton of assistance in what can sometimes be a frustrating and trying experience. Not to be a total downer, but there are plenty of rental scams out there, so be very diligent and if something looks like a rat, smells like a rat, and tastes like a rat, it probably is a rat.
If that didn't scare you altogether, you may wish to look at the following sites for possible rentals: Trulia, Craigslist, Backpage, SignonSanDiego, San Diego Union Tribune.
If you opt to work with a REALTOR, they have access to other rentals through the MLS system. If you have an agent doing the right things for you, they will reach out to their vast sphere and try to track down a rental as well (perhaps one not currently on the market.)
One other tip could be to drive around the area that you would like to rent in. Often times, there will be for rent signs that otherwise you would not know are available.
I hope this helps and best of luck in your search. The good news is that while home prices are up over 14.1 over the past year, rental rates are only up .1%. There are various reasons for this, but I will not get into that here.
Best of luck,
Chad Basinger, REALTOR®, CPA, CFP®
Emily, if you have a Realtor that you are working with, they should have lenders that they have worked with in the past and are comfortable working with. Communication between the lender and realtor is very important throughout the transaction. Ask you friends and family and talk to a couple different lenders. Use the time to gauge both the quality of their advice as well as how comfortable you feel dealing with them. You might want to talk to your local bank, as well as a few independent brokers. Good Luck... more
A) There is no such thing as a "FHA LENDER" as most good lenders are able to do FHA, VA, Conventional, etc.
B) There are very specific guidelines related to BK, and you DONT need a "portfolio" lender to do these.
C) Your bankruptcy waiting period is going to depend on the type of bankruptcy that you filed.
Was it a Chapter 7 or 13? Chapter 7 washes everything clean, and Chapter 13 puts you on a payment plan and you are not "discharged" until you finish with your payment plan.
With conventional lending, you need 4 years from a Chapter 7 discharge date, and 2 years from a Chapter 13 discharge date (after payments are complete).
However, with your FICO score, you probably wouldn't want to go with conventional in any case. So, both FHA and VA loans are as follows:
2 years from the discharge of a Chapter 7 BK, and 1 year from the discharge of a Chapter 13.
If you have any further questions at all, I am here to help in any way that I can (regardless of whether we ultimately make a commission)
The best area largely depends on your priorities. Do you like the desert and hot arid climates? City (urban) lifestyle? Do you surf, want to learn to surf, bicycle, walk, jog? Maybe anywhere along the beautiful SD Coastline from Imperial Beach to Oceanside. Or do you like private and gated exclusive upwardly mobile communities with lots of social activities?
Lot's of questions. Lot's of answers. Balls in your court. But we're here to help you if and when you're ready. Please feel free to contact us or visit any of our very user friendly websites. We're a one stop, turnkey family owned and operated real estate broker, general contractor, architectural and interior design company.
760 815-6977 email@example.com... more
I believe Hector. Buying high in SD right now is far better than renting low. San Diego is over 65% built out and the government (Fed, State, County, City) owns a good portion of what's left. Plus SD is an island unto itself.
To the North one of the largest Military bases in the World. To the East, one of the biggest deserts. to the West? The wide open Blue Pacific with some to the best surf and most comfortable waters in the World. To the South a foreign Country with borders and bandits.
Bottom line? If you can buy into the SD RE market don't let the California surf pull the sand out from under your feet.... more
Lot's of great live/work properties on the North San Diego Coastline. Depends on what your biz iz. We live in Leucadia and work with small business owners all the time. We'd be happy to work with you. We also have some very creative lenders and private funds.
Please feel free to log onto any of our very user friendly websites:
I am an Ohio based mortgage lender and can provide financing assistance in CA if you decide to buy instead of rent. I would be happy to help in any way I can. Please call me if I can assist!
Julie A. Horvath
555 Metro Place North, Suite 320
Dublin, OH 43017
NMLS ID: 563029
BUYING A HOME (The process start with the Banker not the Realtor)
Start the process right 1st by talking to a Licensed Mortgage Professional to determine who much home you can afford and whether you are credit wordy and is there an ability to repay the loan.
The Mortgage Professional will give you a conditional approval letter to take to the realtor.
Once the realtor has found your home you should get it inspected to determine if it’s structurally safe (have the realtor recommend one locally) and be sure to ask your realtor to negotiate a home warranty paid by the seller.
Now is the time to determine and negotiate you rate and terms with the Loan Officer who is responsible to order an appraisal that you will be responsible to pay for prior to the arrival of the appraiser.
You’re Mortgage Professional / Loan Officer will be responsible to guide you the rest of the process and should not take more than 30 days.
Wherever you're located in this nation, you can trust you're working with a reputable mortgage banker - not a fly-by-night operation. Here's why.
Bank of England is partners with every major investor on Wall Street; allowing us to provide the best rates and terms on all mortgages.
We are approved by the Better Business Bureau and Bank of England /ENG Lending is the only mortgage bank among its competitors that is owned by a FDIC insured bank and did not need government bailout to remain solvent.
Bank of England loan officers don't simply facilitate the loan process; they act as "financial advisors," helping clients assess their finances on a larger scale. Whether you're self-employed and need a low-doc mortgage loan, or you're searching for the best rates on a jumbo home loan, your loan officer is here to find your perfect solution.
Get the facts about home mortgages from the experts at ENG Lending. Learn about different types of home mortgage loans and what to expect during the mortgage application process. Plus, find information about the current mortgage market and which mortgage myths you should never believe.
Let ENG's experienced Mortgage Bankers help you find a solution for your financial needs. Call or Email me to get a FREE copy of the top 25 question you must asked your loan officer before you do business with them. Benefit from my 21 years of experience answering the most common mortgage questions.
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As the ole saying goes "Dynamite comes in small packages". As a family owned and independently operated one stop, turnkey established San Diego Manufactured Home Dealer, general and Manufactured Home contractor, Real Estate Broker, developer, property manager and investor with over 100 years of combined experience we are your total solution for any of your "Manufactured/Modular" and residential real estate desires.
We are very capable of selling your manufactured home in swift, easy and clean manner with no kinks or skeletons in your closet. While we are marketing your manufactured home our real estate specialist will be searching arduously for your home.
We work with several small and large lenders who specialize in all forms of financing from private to the largest conventional, FHA/VA and Reverse Mortgage lenders in the business. You won't be sorry you chose us and you will get our full focused and undivided attention during the entire process.
Once again please feel free to log onto our very user friendly websites or call me anytime at 760 815-6977 or email me at firstname.lastname@example.org.
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20 years is not old by today's standards, especially if the seller has upgraded the appliances, paint and landscaping. A new roof (depending on what kind) couldn't hurt. If the home is CBS with a concrete tile roof, you should be fine up to 40 years or so - if you don't gt caught in a hurricane!
We were looking recently in South Florida. In addition to new homes, we also looked at homes that were around 25 years old which were fine and a few (in certain art-deco neighborhoods) built in the '20s and '30s. those weren't so hot even when remodeled.
I also owned a home in LA for 6 years during the mid '80s. It was about 30 years old at the time and we had no problems. If the house has central air and the condensor and air handler are more than 15 years old, you might try to get the seller to install a new one - or as a concession pay for a good quality home warranty with appliance, roof and A/C coverage.
Reassure your wife depending on the upgrades and remodeling/replacements on the 20-year old property. It's probably just fine.... more