Short Sale Guide to Buying and Selling Homes Underwater

Short Sales: A short sale is the sale of a property that falls short of the balance owed on the property’s loan, typically the consequence of the borrower’s inability to make their mortgage payments. The lender will usually allow this in order to prevent foreclosure, operating under the assumption that in a down market, it […]

REO & Bank Owned Properties

What is REO? Real Estate Owned (REO), also commonly referred to as Bank-Owned, are properties with deeds held by lenders or other financial institutions. Generally, these deeds are acquired through a foreclosure sale and not for investment purposes. While REOs are nothing new, the real estate market sees notable rise in REOs in every market […]

San Diego Real Estate Market Report for Feb 2018

San Diego Real Estate Market Report for Feb 2018

Download the San Diego Market Report for February, 2018 The three most prominent national market trends for residential real estate are the ongoing lack of abundant inventory, the steadily upward movement of home prices and year-over-year declines in home sales. Sales declines are a natural result of there being fewer homes for sale, but higher […]

Buyer Closing Costs

Buyer Closing Costs

IN THIS ARTICLE: What are closing costs? What fees can you expect at closing? How much are closing costs? How can home buyers avoid closing costs? What are closing costs? Closing costs are fees associated with your home purchase that are paid at the closing of a real estate transaction. Closing is the point in time when the […]

Why Buy and Live in Monterey County

Why Buy and Live in Monterey County

Growing up in Carmel, CA was truly one of the best experiences of my life. Starting at Tularcitos Elementary School in Carmel Valley (waiting for the day to play in the lower sandbox) Playing baseball on the Volunteers at the Carmel Valley Little League Skipping rocks and rafting down the Carmel River Biking to the […]

California’s Latest Market Trends

California’s Latest Market Trends

As seen below California’s median house price for 2015 is projected at $471,000. Sales are up this year and should continue to grow straight into 2016. Another positive trend with the nationwide Job growth increase is California’s 5.7% unemployment rate drop from 2010-2015 with the Nationwide rate just behind at 4.2%. With these market trends […]

What is Mello-Roos in California?

What is Mello-Roos in California?

Mello-Roos Background: In 1978 Californians enacted Proposition 13, which limited the ability of local public agencies to increase property taxes based on a property’s assessed value. In 1982, the Mello-Roos Community Facilities Act of 1982 (Government Code §53311-53368.3) was created to provide an alternate method of financing needed improvements and services. The Mello Roos Community […]

What to Look for when Buying a Home

What to Look for when Buying a Home

Quality of the neighborhood – The National Association of Realtor’s 2012 Profile of Buyers and Sellers revealed that neighborhoods are really important to buyers, but that neighborhood choice varies by household composition. Convenience to job – Commuting is a necessary evil, but homes that are close to work enhance work-life balance, a growing priority for […]

Dec 2013 Sales Up From Dec 2012

Sales of new single-family houses in December 2013 were at a seasonally adjusted annual rate of 414,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.0 percent (±17.5 percent) below the revised November rate of 445,000, but is 4.5 percent (±19.8 percent) […]