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Home Buying in 92129 : Real Estate Advice

  • All50
  • Local Info2
  • Home Buying30
  • Home Selling3
  • Market Conditions0

Activity 23
Wed Jul 13, 2016
Deborah Garvin answered:
I would never suggest a borrower provide their personal or financial information to any real estate agent, whether they are the buyer's representative or not. All documentation in a loan file is confidential and should be treated as such.

If, in the unlikely event, I have difficulty getting documentation from a borrower I may ask their agent to contact them and prompt them as to the importance of getting documents returned promptly. But that is a far as I would ever go.

All my best,

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0 votes 7 answers Share Flag
Fri Apr 8, 2016
Derek Jones answered:
I see your understanding of the situation but when you bought the house did you pay what you felt the home was worth? I'll assume that's a yes. The home was also appraised to indicate what the home is worth. Your purchase price and the appraised value had nothing to do with commission. Would an appraisal or your thoughts on value of the home change if commission changed? No they would not. You are financing the purchase price that you felt the home is worth.

When a listing agent takes a listing they don't say " Ok Mr. and Mrs. Seller your home is worth $300,000 and I charge $10,000 so let's list it at $310,000. It's your home worth $300,000 and I'll charge you $10,000 so we are listing it at $300,000 and I'll take my $10,000 out of your proceeds so your net is $290,000.

Other places in the country buyer's do pay their agent's commissions but not here.
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0 votes 3 answers Share Flag
Thu Feb 18, 2016
Nancy Bergman answered:
Contact the builder for the Mello - Roos question. Some areas are higher than other.
Regarding the shopping center I would contact the PQ Town Council to get the details of the shopping center.
Nancy Bergman

Nancy S Bergman
Realtor - Cal BRE #01893550
Windermere Homes and Estates
14677 Via Bettona #120
San Diego, CA 92127
Cell (858) 617-9449
Email -
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Wed Jun 17, 2015
Nancy Bergman answered:
Being an agent that specializes in Rancho Penasquitos - 92129.
Here are the basis stats...
Median Home Prices - $709,000
Number of Pending Properties in May - 67
Number of Sold Properties in May - 37
Average Days on the Market - 24

There are some areas in 92129 in the area that sell even faster than than 24 days. I seen some within the week, some over 2 months.
The fastest areas are Park Village and Crestmont.
If you have any questions, I can get you detailed information about each neighborhood in 92129.
Give me a call. Love to help.

Nancy S Bergman
Realtor - Cal BRE #01893550
Windermere Homes and Estates
14677 Via Bettona #120
San Diego, CA 92127
Cell (858) 617-9449
Email -
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0 votes 3 answers Share Flag
Thu Apr 16, 2015
Sheryl Arndt answered:
Hello Kimberly, what do you mean by terrible credit? It may be easier to qualify to buy than rent. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You will need to be pre-approved if you decide to buy to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

You may qualify for the USDA Rural from a minimum 560 fico score. You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
BRE# 01140252
NMLS# 297251
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7 or

If my response was helpful, consider clicking Thank, Link or Best Answer.
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0 votes 21 answers Share Flag
Thu Oct 9, 2014
Nancy Bergman answered:
Torrey Highlands is the newer part of Rancho Penasquitos. It is in Poway and its a bit cheaper than Carmel Valley. The homes are newer and its closer to the coast. Yes, there are HOAs and Mello Roos which vary in price.
The most of the homes have larger lots with allow for pools, play structures and more. It is zoned for Westview High, one of the top high schools in the state. And yes, there are parks in the area. You just have to know where they are.
I'm a 92129 agent and resident happy to help, if needed.

Nancy S Bergman
Realtor - Cal BRE #01893550
Keller Williams- Carmel Valley/ Del Mar
12780 High Bluff Dr #130
San Diego, CA 92130
Cell (858) 617-9449
Email -
website -
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0 votes 11 answers Share Flag
Mon Oct 6, 2014
Janet McCarthy answered:
Right now is the right time to buy. The end of the year is always a good time to buy. Right now we are seeing big price reductions, longer sales times and motivated sellers.
Finding a motivated seller is the key factor in getting the best deal. Rents will continue to rise, because we are not meeting the demand and there is no new construction. The rental market has changed significantly with the rise in short sales and foreclosures. Those owners became renters and many will never return to owning a homing. Consequently, we see a very tight rental market - with low inventory and lots of demand. The rental market is where many investors are turning, with the plan of buying and holding for a few years.
On average Zillow predicts between 6% and 8% growth in San Diego - the higher amount if you live in a great school district or on the coast.
I have buyers who bought in Mira Mesa at the beginning of the year and have already seen a $20,000 increase in value.
I would much rather see people buy now, get a good deal, benefit from the tax right off and enjoy owning a home. In real estate you don't wait to buy, you buy and wait.
Best to you
Janet McCarthy
RE/MAX Solutions
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0 votes 26 answers Share Flag
Tue Sep 2, 2014
My NC Homes Team answered:
Check out the link I've attached below for a detailed answer to this question including what questions you should be asking when you interview agents.
0 votes 21 answers Share Flag
Wed Aug 27, 2014
Robert Chomentowski answered:
For that price point on a single family house you probably won't be in a prime rental area. But you could do OK in South County and East County.
0 votes 13 answers Share Flag
Thu Apr 4, 2013
Cory La Scala answered:
No need to move assets around. Even if you'll be using them for your down payment or closing costs, you may be able to keep them where they are until you need them. When I write offers, I'll include withdrawal information for the seller and their agent, for certain types of accounts, so they can see the assets are easily liquidated to use in escrow.

I have a few lenders that I trust, both direct lenders with in-house underwriters that can close loans in 30 days or less, and brokers, who have the option of lending direct or using a lender they feel would be best in your situation. Not all direct lenders are order takers, or I wouldn't be using them. It's like saying if you work for Company A, they're more reputable. It's all up to the individual you're working with. Some are really good, some who work with brokers will tell you what you want to hear. When I hear "no problem" all the time, there will likely be problems. Some don't even care if they close your loan, because there are three more around the corner. I've worked with both, and keep the good ones.I also keep the good ones on stand-by if I start to see red flags from the "no problem" loan officers.

Feel free to contact me anytime with questions.

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0 votes 8 answers Share Flag
Tue Apr 2, 2013
Arpad Racz answered:

Sometimes older homes have larger lots than new ones, or other beneficial factors. It is very important to research all the differences, and then make a practical decision. You can for starters see what the dollar per sq. ft. living area is in both neighborhoods (old and newer), then start evaluating the additional factors.

Kind regards,

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0 votes 28 answers Share Flag
Tue Apr 2, 2013
lendersnetwork answered:
Your rate with a 680 will be the same as someone with a 720, you will just have higher closing costs due to the fact it costs more points to get you the same rate.
4 votes 14 answers Share Flag
Thu Aug 16, 2012
Janet McCarthy answered:
Your Realtor should have submitted a request for extension of time contract to allow for the additional time it takes to get the loan.
It's becoming more common for loan to close late and if your Realtor is in communication with the sellers agent than this is a simply process. If your Realtor did not file for an extension the sellers Realtor can submit a Notice to perform which would require you to remove the loan contingency.
Janet McCarthy
Connect Realty
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Thu Aug 16, 2012
Janet McCarthy answered:
No, you don't need an agent. However, it will help you to have an agent who can research the auction homes and give you the history and comps information. At the auction they work hard to excite buyers in to bidding up the process. They actually hand out bowls of candy and have people running up and down the aisles. Please be aware that you pay a fee to buy at auction which increases the sales price, so read the find print.
Also, from my experience the auction prices are posted lower than market price but end up around the same amount.
If you want a really good deal you need to get connect with a Realtor, get pre-approved and be prepared when the right house comes on the market. The inventory at the auction is usually houses that didn't sell the "regular" way so they have defects, challenges and problems.
Janet McCarthy
Connect Realty
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0 votes 11 answers Share Flag
Tue May 8, 2012
Irina Karan answered:
No one can make you do anything. However, if you are buying a new property and that one will be owner occupied, then you have to choose the property where you'll be residing as your principal residence. You shouldn't be owner occupant in both.

I think that's what they meant, and they are right that all should be legal.
But, they can't "make" you do that. You have to choose where you'll be the resident and they (mortgage people) will need to work with that, even though it might leave you without a mortgage.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
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1 vote 22 answers Share Flag
Thu Jun 23, 2011
Shane Milne answered:
I forgot to add a question you may have after you check your COE...

Q: "What happens if I don't have enough remaining entitlement for 100% financing on a home I am buying?"
A: You just have to put down 25% on the portion that VA will not be guaranteeing. So that is $.25 down for every $1 over the VA guaranteed amount. So if VA will only guarantee $100k (again, just a hypothetical) and your purchase price is $101,000, you'd have to put down $250 and could get a remaining VA loan for $100,750.
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0 votes 4 answers Share Flag
Thu Sep 16, 2010
Koni Scavella answered:

To answer your questions, I will wear my three different hats of experience. Having started 17 years ago as a foreclosure investor, I recommend starting by knocking on the door. Sounds crazy, but 70% of my deals came from just doing this. Leave your contact information that you are an interested home buyer--whether they are there or not. You have the address, so send them a quick letter as well. If they have moved, you may get the owners new address when the letter is returned to you. the neighbors can also be a wealth of information. Be sure to check out information from the assessors office ( ) or your title company. I, too, am a big fan of When you have the owner's name, Google it, use, or find them on different social networks like Facebook, Linked In or Twitter. If you found this property online from one of the bulk foreclosure listing websites, keep in mind that they are often outdated and listings are often left on line as a source of generating buyer leads. And lastly, if you have the time, it's worth it to go to a foreclosure auction in your least once. If this property ends up being sold at auction, you can attend and see if an investor buys it or it goes back to the lender. Contact the winning bidder right away because you can get a great deal if they don't need to go through the time, hassle and expense of marketing it if you want to buy it right away.

That brings me to wearing my REALTOR hat. Finding current, active and even expired foreclosure and pre-foreclosure homes are best done through the services of a dedicated, informed Realtor who is educated in the niche you are interested in. If you are interested in just bank owned REOs/foreclosures, find an agent who truly understands the process...not just one that has a list of them. (We all have the lists, by the way.) If you are looking for bargains in short sales, it is paramount to have a short sale specialist who is a strong negotiator skilled enough to handle all aspects of the short sale transaction. If you find a good one, there is no need it should take 6 months to close!! Just so you know, short sales can often offer greater bargains than foreclosures owned by the bank. Many REALTORS are great neighborhood specialists that can help you as well, but if you are looking for distressed properties make sure you have someone certified for that as well...if you want to save time and money. If short sales are negotiated properly, you can get the seller (lender) to pay your closing costs. Remember, the best agents can save you LOTS of time if they do a thorough consultation with you initially to find out exactly what you are looking for...let them do the research for you.

My third hat is my lender hat, as I have owned mortgage companies across the country. Financing is one of the top reasons deals fall through today. Be sure you have your financing complete before you begin your search in earnest. Most REOs will require this and it helps strengthen your offer with any seller, as well. Depending on they type of financing you are approved for you may be limited to only homes, as not everyone is willing to accept VA or FHA financing on their homes. The new Fannie guidelines offer amazing financing with just average credit scores. A skilled mortgage professional can also help you structure some very creative financing by thinking outside the box...even as lending guidelines have changed. They can tell you which areas you can buy in and still get 100% financing. Be as selective with your mortgage professional as you are with your real estate agent. Your lender may also be able to get you the contact information you need on the foreclosure home you are interested in.

So, Hx...all my hats are off to you for buying a smart buyer in a market filled with tremendous opportunities. Good luck in your search. If I can be of further assistance, let me know...I am easy to reach.

Koni Scavella, PhD, REALTOR
Certified Short Sale & Bank Owned Specialist
The HomeFetchers Team - "...bringing real estate excellence to you"

Direct: 858-480-1717
Office: 877-610-1717 ext 111


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0 votes 16 answers Share Flag
Thu Jun 24, 2010
Jeffrey Douglass answered:
Dear Wings,

All good advice from the agents below. One thought, if this was a short sale many agents will open up an escrow to get a HUD-1 Statement to present to the Bank. This is an estimate containing all the costs of sale so that the Bank can decide if they want to sell and how much money they are going to loose on the short sale. In other words you may have had an accepted offer from the Seller, but no approval from the Bank, who would most likely accept the highest offer. Just a thought, talk to your real estate agent and have them explain what's going on. If that is not the case then review all the contracts and addendums to see how they had cancellation rights. ... more
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Wed Mar 10, 2010
ROY Mason answered:
Wed Jan 13, 2010
Tony Francoeur answered:
The last market sale for 9555 Via Pereza was in 1980, it has not been on the market since and there are currently no other properties listed on Via Pereza. 9549 Via Pereza Sold for $520,000 in December. Let me know if I can provide any additional information. You can also search properties and get market information on Have a great day.

Tony Francoeur
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