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San Marcos : Real Estate Advice

  • All133
  • Local Info5
  • Home Buying38
  • Home Selling3
  • Market Conditions13

Activity 69
Wed Jul 2, 2008
Diane Conaway answered:
Hi J,

Congratulations for taking the plunge! Short sales and foreclosures (real estate owned by the bank = REO) are both rewarding and frustrating. They frequently take longer than a traditional sale with a lot of hurry up followed by waiting. Be sure to be preapproved with a good lender so that when you find the right house you can make an offer quickly. REOs are experiencing multiple offers since they are priced lower than the comps. You'll want a good buyer's agent that can position your offer for success. As a first time buyer there are special program to help you. In Escondido, first time buyers may be eligible for $25,000 in assistance. There's a lot of write and you'll get good info here but that's my initial 2 cents worth. Best of luck to you!

Diane Conaway, RE/MAX, (760) 749-2888
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Fri May 9, 2008
Tisza Major-Posner answered:
Hi Kim,

A trip to the City is in order here, they should be able to tell you if there have been any builder defects or code violations recorded. Many Cities have this information available on their websites so start there.

Also, your agent should be able to pull a property profile for you via their Title Company of choice and that will tell you if there are any other liens out there that the Foreclosure did not wipe out.

You can also find out at the City who the builder of the home was and that might make your research easier.

And while having historical data about what might have occurred is nice, I am guessing that what you really want to know is if there is any skeleton hanging in this homes closet (figuratively speaking of course :-) that would come back to haunt you after you bought the home.

So, in addition to the legal background you are seeking I urge you to get a good, through home inspection of the property as well. If you are seriously considering this home it will be money well spent whether it turns up something that would cause you to put on the brakes or zoom full speed ahead.

Good luck with your transaction and have a wonderful day!

Tisza Major-Posner, Realtor, IVPG (909) 837-8922
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Thu Mar 20, 2008
Jason Williams answered:
I don't get it. what are you saying?
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Fri Feb 18, 2011
Janice Davidson answered:
We are agents in Lake San Marcos and have several homes, vacation rentals and condos for lease. 2b2b will usually start around 1600.00 per month. 2 b 2 b home on the golf course around 1700 sq. feet will be $2000.00 a month. To answer your question more specifically, are you looking for a family home, schools a priority, which will be different specs they say a professional couple with different needs. San Marcos has many diverse neighborhoods. Happy to provide stat's with more of what you are looking for.

Janice Davidson 760-815-2744
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Fri May 18, 2007
Alan Shafran answered:
The real estate in the market is holding firm and staying steady. It does not appear to either be rising or falling. The misconception of falling prices is a result of many sellers overpricing their homes and then adjusting to real market prices over time. Homes are on the market between 90 and 180 days. ... more
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Fri May 30, 2008
Alan Shafran answered:
Make sure that you have looked at the most recent comparable sales list surrounding the home you are considering purchasing. List prices vary across the board, so pay attention to the market value, not the list price. One should use the same concept on a home vs. condo. Except with a home, one must pay more attention the comparable lot locations, sizes, shapes, and usability. ... more
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Sun Feb 21, 2010
Alan Shafran answered:
The single biggest drawback regarding searches for FSBO and foreclosure can be the lack of representation and guidance the home receives. Many time this can lead to improper pricing of the property and lack of critical disclosures. The buying process can be very dangerous with both FSBO and foreclosures if you are missing representation that will prevent you from making huge mistakes. ... more
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Mon Nov 15, 2010
Alan Shafran answered:
The first step is to interview the most highly qualified realtors you can find in the city. Once you choose the one to work with, they should have an established relationship with a lender both they and you trust. It is critical that this lender is accountable to both you and the real estate company for future business. The lender will then be able to help provide you with the best information regarding what you can afford and feel most comfortable with. ... more
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Mon Nov 15, 2010
Alan Shafran answered:
The very best lenders are the ones who have strong, established relationships with the strongest realtors in the city. These relationships hold the lender accountable by successful realtors that help hold these lenders accountable for the protection of the consumer. ... more
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