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Home Buying in 92127 : Real Estate Advice

  • All54
  • Local Info2
  • Home Buying27
  • Home Selling4
  • Market Conditions0

Activity 23
Wed Aug 13, 2014
Christian Gallego answered:

Typically a buyer does not pay commission to the buyer's agent; the seller, through an agreement with the listing agent, decides on a commission rate of the sales price, say 6%. Out of that 6% the buyer's agent and listing agent each receive 3%. In effect the buyer's agent is free of charge to a prospective buyer.

-Christian Gallego
Realtor & Marine Corps Veteran
Coastal Premier Properties
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1 vote 14 answers Share Flag
Mon Jun 16, 2014
Chad Basinger answered:
Hello Nehab,

There are a lot of restrictions on who can buy in affordable housing communities, as well as what the sales price can be. Most affordable housing communities have a formula for what that sales price can be. Thus, instead of the market dictating what you ultimately get for your property, it is a formula that will determine it. It is important to understand how this formula is calculated and then see if that is in line with your overall strategy.

Best of luck,

Chad Basinger, REALTOR, CPA, CFP
... more
0 votes 3 answers Share Flag
Thu May 1, 2014
Bradley Neumann answered:
You can't go wrong, any homes built within the last 5 years won't have the issues of an older home. I can help you find a good realtor and help you personally with securing a mortgage.

For mortgage help, call (855) 893-1177 or email for a free pre-approval in less than 10 minutes. We lend our own money and are licensed in 49 states and you can apply online at We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 893-1177.

Brad Neumann
Branch Manager
Crosscountry Mortgage Inc.
Phone: (855) 893-1177
NMLS# 948036
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0 votes 12 answers Share Flag
Thu Mar 20, 2014
David Indermill answered:
Hi Pablo,

I have a large cash buyer network that might want to purchase your property and make it seamless for you.

Best Wishes,

David R. Indermill

Re/Max Hall Of Fame, CDPE | Since 1998 | Luxury Real Estate Advisor
International Referrals | Bank Owned Assets | Off Market Properties
Large Cash Investor Fast Close Network | B.R.E License # 01232827


Cell: 858-414-LIST (5478) Texting OK
Fax: 858-430-5544
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0 votes 10 answers Share Flag
Thu Nov 14, 2013
Brian Nguyen answered:
Self-employed workers usually have trouble when it comes to obtaining a mortgage. Luckily, there are lenders like myself that offer specific loans that can help you out. There are stated income loans that do not require you to verify your income in traditional ways. There is still asset verification along with other important factors as well. This type of loan is very flexible and can help your situation, but can require anywhere from 30%-40% down. If this sounds like a loan that you can do, you should definitely look into it. Either way, you should speak with a lender like myself that would be able to help you with your questions when it comes to financing. Well I hope this helps! If you have any other questions or if you would like a loan, feel free to contact me. Good Luck! Good luck! Brian Nguyen Sr. Mortgage Banker Phone: 949.667.2887 ... more
0 votes 20 answers Share Flag
Wed Jun 5, 2013
Alex Shadpour answered:
Yes. It is very common to have termite in a 10 years old or even newer homes. As I understand every time that I am there when the termite companies inspector show up for homes with an accepted offer, they say that the termite exist in most roof attic on most homes. If you have a home that is free of termite today, it doesn't mean the it may not be infected by termites tomorrow.

If you are looking to buy a home, it is good to know that unless the home is bank owned or a short sale, most sellers will pay for termite clearance or it is negotiable.

If you are looking to sell a home, in a normal market it is best to get termite clearance done before hand. However, in this market the termite clearance on who pays for it (buyers or sellers) could be negotiable.

I hope this helps. Please feel free to contact me with any other questions that you might have.


Alex Shadpour, CRS®, ABR®, SFR
REALTOR®, ZipRealty Team Leader
Call/Text: 858.761.1167
Business: 858.605.1911; Fax: 866.886.4874
ZipRealty, Inc.; Licensed in CA, #01459622

Council of Residential Specialists (CRS®)
Accredited Buyer’s Representative (ABR®)
Certified Short Sale & Foreclosure Resource (SFR)
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0 votes 12 answers Share Flag
Sat May 4, 2013
David Rudd answered:
In short - lenders work with ratios. HOA and Mello-Roos effects those ratios. If your lender's approval amount is based on no additional housing fees other than mortgage, tax and insurance - and then they learn that there is both HOA and Mello-Roos, this could dramatically impact your approve loan amount.

Sounds like you have a good and knowledgable agent.

David Rudd
Kindred Real Estate

CA DRE # 01402946
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0 votes 24 answers Share Flag
Sat Feb 16, 2013
David Rudd answered:
Hi felix (and Trulia),

I agree with MOST of the information provided below. But as someone who used to be a bank executive, it's not as clear cut as some people and agents think.

Banks do want the best net offer, but they typically only "see" the ones that are provided by the seller's agent. Banks depend more on online tools and the appraisal to determine if your offer is in fact reasonable. If you have a reasonable offer (not a low ball), have your agent speak to the sellers agent to discuss having the bank pay for some or all of the closing costs. As long as everything else is reasonable they may agree to your request.

Banks have pressure to remove non performing assets off their books (REO's). Sometimes it comes down to the asset manager at the bank, other times it's a numbers requirement at the bank. As long as you are friendly and reasonable (and your agents are as well), it doesn't hurt to float the idea to the banks asset manager.
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2 votes 7 answers Share Flag
Fri Jun 3, 2011
Jerry Heard answered:
Santa Luz is an outstanding community. So in return for the guards at the gates, upkeep of the common areas a HOA fee of $450/month is not out of line. Many condominium projects have fees that high and do not offer near as many amenities or the exclusivity of Santa Luz. These homes also have Mello Roos ranging from the equivalent of $350 to over $1,000 a month. As you mentioned, compared to areas around Rancho Santa Fe and Fairbanks Ranch these fees are reasonable.
The prices of homes in this community have dropped bit since the highs on previous years. Homes used to sell in the mid $400 to as high as $600/sq ft. Now homes are on the market for $325 to $425 sq ft., a few are higher and a few are lower. I, like many others, do not think that these homes will decease much in value over the next few years. I tell my clients that in most neighborhoods that it will take 5 to 7 years for the market to fully recover and I think Santaluz will follow suit.
A good quality home would probably cost at least $350/ sq ft to build. That does not count the cost of land. It seems that it would be more cost effective to buy an existing home that was close to what you need and make some changes rather than build a home from scratch.

Jerry Heard
Your Broker
The San Diego Property Shop
Direct 619-920-9796
Office 619-269-5545
Fax 619-269-9168
CA DRE #00648687
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0 votes 10 answers Share Flag
Thu Apr 7, 2011
Derek Rotzinger answered:
All great answers. I like Brian Simantel's answer regarding how much equity is needed and obviously knowing how much income is actually valid is very important. I heard it was 30% equity required so talking with a professional mortgage broker to get details is crucial. Especially in this market, you want to be careful what you invest in and how much. Lenders are stringent but for good reasons! ... more
0 votes 13 answers Share Flag
Sun Nov 7, 2010
BXT AXT answered:
For Santaluz there are three types of property taxes you will want to know. The first one is Property tax the second one is Supplemental Property tax and the third is Mello Roos. Property tax is what you pay every year and Supplemental Property tax is a tax you pay once if you purchase a property for more than what the previous owner paid for it. The amount of the Supplemental Property tax depends on the sell price and what day of the year escrow closes. If you learn that the seller of a house has lived in it for a long time like 20 years then you defiantly will want to know what the Supplemental Property tax will be. It will take a while to explain Supplemental Property tax in detail so to keep it simple go to the link below with the address and purchase price and the website will tell you the Property tax and the Supplemental Property tax. The short answer to your question is the Property tax is 1.02458%. Mello Roos is a whole topic on to itself but the typical Mello Roos for Santaluz is $1000 a month per lot. ... more
0 votes 4 answers Share Flag
Tue Sep 7, 2010
Patrick Hale answered:
I would recommend UTC (University City) or Carmel Valley.

MY TEAM HAS OVER 100 PRE-LISTED FORECLOSURES AND WE ARE THE LISTING AGENT! - Please Email Me If you Are Looking For A Foreclosure In San Diego. Over 30 of them are FHA/VA Approved and Fully Renovated!

Hope this helps!

Patrick A. Hale, CDPE, RSD
Short Sale & REO Listing Agent
Associate Broker

"The Best Way To Predict Your Future Is To Create It"
Keller Williams Realty
Toll Free: (866) 538-6057 I San Diego: (619) 309-7883
Mobile/Text: (858) 539-6803 I DRE License # 01777558
Office: 4370 La Jolla Village Drive, Suite 400
San Diego, CA 92122

"Help Over 360 Distressed Home Owners Avoid Foreclosure"
If You or Someone You Know is in Financial Distress Visit:
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0 votes 23 answers Share Flag
Fri Jul 30, 2010
San-san Wardojo answered:
About Mello Roos: a special tax assessment to homeowners to help build new schools, road, parks, etc. This is for new communities only. You pay this with your property tax twice a year. Usually Mello Roos will be pay off in 30 years.

Hope this helps.
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0 votes 6 answers Share Flag
Tue May 11, 2010
Chad Basinger answered:
Hello Sadrudin,

In the 92128 (Rancho Bernardo) zip code, you should definitely consider The Trails, a place where I have spent nearly 20 years of my life. Each property is on an acre minimum, the homes are all custom built, you are in the acclaimed Poway Unified School District, there is easy access to freeways, and the monthly fees are minimal. HOA's range from approximately $500-$900/year and the other fees of approximately $350/year give you access to the Swim and Tennis Club, located about 5 minutes away and is a full facility club (tennis, swimming.). There are currently 12 homes active in this area, which is higher than normal and my mom has 8 of them for sale, so I am quite familiar with these properties. The price range is $985,000-$1,925,000.

In 92064 (Poway), there are some very nice neighborhoods as well. In particular, you would want to check out the Winery area or the nearby gated Highlands Ranch area. For ultimate prestige and home to some athletes, there is an area known as The Heritage. However, the monthlies here are about $500, so putting you close to the Santa Luz fees.

Either way, the above mentioned areas are all very nice and make being in America's Finest City that much better.

Chad Basinger, REALTOR® , CPA, CFP®
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0 votes 7 answers Share Flag
Mon May 10, 2010
Chad Basinger answered:
There is no doubt that Santa Luz is a beautiful community, but you definitely pay for it in the way of high monthly fees (Mello Roos). There is a clubhouse that is top of the line and is ideal for those who like golf. There is also an impeccable spa facility, weight room/workout area, basketball court, tennis courts and fine dining. There are events taking place quite a bit and this helps give it that strong sense of community. However, there are times when you are there and it feels as though no one is around. Some may find this peaceful, while others feel a sense of isolation. Another plus to this development is the relative closeness to the coast. All in all, if you find a property for the right price and are into the country club lifestyle, this may be a good fit for you. To give you an idea, golf club initiation at one point was $140K, then went to $100K and recently they were running a special of $40K (still had monthlies of approximately $1,200 for full membership). Hope this gives you some further insight! ... more
0 votes 5 answers Share Flag
Mon Feb 8, 2010
Alan Jenks answered:
I think you will find very few people who would consider the Crosby community more upscale than Santaluz and the Santaluz Club is a much more well rounded club, stronger financial backing, and more family inclusive. ... more
0 votes 5 answers Share Flag
Fri Nov 20, 2009
Qillrqueen answered:
Santaluz was basically created at the end of 2002 (9 homeowners moved in by Dec. 2002). As of today Nov. 18,2009, there are over 750 homeowners living in the community. The price ranges from $1 mil to $13 mil. The hoas include cable tv, internet, garbage pick up, and outside watering. The club concentrates on golfers, but there are many community clubs like bridge, hiking, etc. There are 41 homes for sale and 14 preforeclosure and foreclosures, hardly a fire sale. The foreclosures are selling at $834,000 to $980,000, while the 6 preforeclosures are not on the market. The market has hit the bottom according to SD county, using Prop. 13 law, ie, will not re-appraise homes to below original sales price (plus upgrades). That's where they are at now. Sales are up 6% over Oct of 08, prices have come up and are only down 7% from Oct of 08. Those are the fact. The emotional part of the sale is up to you. ... more
0 votes 6 answers Share Flag
Thu Apr 30, 2009
Kari Shea answered:

The name is the Santaluz Sycamore Walk HOA. HOA dues are $211 per month, it includes Common Area Maintenance, Exterior Bldg Maintenance, Limited Insurance.

We live 4 minutes from them if you need anything else.

Best regards,

Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate
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0 votes 1 answer Share Flag
Tue Apr 28, 2009
Kari Shea answered:
Hi Martha,

We capped the price at $1,200,000, four homes sold in the past 6 months.

Average List = $1,170750
Average Sold = $1,020,000
Percent Difference = 12.88%

Part of the listed stats are thrown off because the price range on one of the four was $1,195,000 to 1,695,000.

Best regards,

Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate
... more
0 votes 3 answers Share Flag
Tue Apr 28, 2009
Kari Shea answered:
Hi Martha,

117 Properties sold in the last 6 months on 92127. There are a broad array of homes and price points in this zip code. Here are the stats:

Minimum List = $325,00
Minimum Sold = $385,000 (same property as min listed)

Average List = $972,877
Average Sold = $898,476
Percent Difference = 7.65%

Maximum List = $5,950,000
Maximum Sold = $5,200,000 (same property as max listed)

Let us know if you have any other questions,

Best regards,

Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate
... more
0 votes 3 answers Share Flag
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