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san diego home buying: 11:58 am...Pronounced....Sold! - 05/22/10 12:25 AM
At 11:58 am I stood at the San Diego County Recorder's office, holding a document confirming that my clients now owned their home. As a San Diego Realtor I'm usually waiting for confirmation that title has been recorded. But here I was, holding the power of proof.
It started yesterday, Thursday. The loan was supposed to fund on Wednesday and title was to be recorded yesterday. The loan hadn't funded as planned, and still hadn't yesterday, after the cutoff. The way the it works here is that loan funds have to get to the title company by a cut-off time (usually … (1 comments)
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san diego home buying: Don't Lose Your San Diego, California Home Buyer Tax Credit - 05/15/10 12:48 AM
If you are buying a San Diego home and are planning to take advantage of the California home buyer tax credit of up to $10,000, don't forget to apply for the credit immediately after you close escrow.
The Franchise Tax Board requires an application for the credit to be faxed within 2 weeks of closing escrow. The available tax credits are given on a first-come first-served basis, so the sooner you get the application in, the better. There is a limited amount of money that California has allocated to this program, and once the funds are gone, you can no longer … (4 comments)
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san diego home buying: May San Diego Home News - 05/09/10 02:18 AM
Market News Local homes sales statistics: The San Diego Association of Realtors (SDAR) publishes sales statistics for homes throughout the County. Check out the most recent statistics (latest is for March 2010).
Market trends for detached and attached homes in San Diego.
San Diego Home Market Report - Read the current San Diego home market analysis.
Beyond the Headlines. The California Association of Realtors (CAR) compiles news headlines throughout the country on market issues.
Property Tax Reassessment-May 14th deadline If you are planning to apply to have your San Diego County property reassessed and lower your taxes, … (0 comments)
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san diego home buying: April San Diego Home News - 04/02/10 01:10 AM
April San Diego Home News
Happy April! Hopefully you didn't receive an April Fool's Day joke. Here's the history for this crazy day! The "Museum of Hoaxes" lists their Top 100 historical practical jokes.
New California Home Buyer Tax Credit So the big news this week is that California is offering a tax credit for buying a home. The credit is up to $10,000 and benefits first time buyers of resale homes or all buyers of new homes. This is in addition to the federal tax credit which expires soon. Full details are included in my most recent blog. If you're interested in resale OR … (0 comments)
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san diego home buying: Buying a San Diego Home? More Money for You! - 03/27/10 10:50 PM
Buying a San Diego Home? More Money for You!
In addition to the soon-to-be-expiring federal tax credit, San Diego home buyers can benefit from the new tax credit through California! Whether you can take the credit depends whether you are a first time San Diego home buyer or whether you buy a resale or new home.
First Time Home Buyer of Resale Homes First time San Diego home buyers buying resale homes can claim the credit (so, if you're not a first time home buyer this won't apply).
New Homes San Diego home buyers (whether first time buyers or not) buying … (0 comments)
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san diego home buying: Buying a Condo? Don't Forget Insurance - 02/27/10 12:24 AM
While insurance isn't the most glamorous topics, it's a vital part of home ownership.
Generally, when buying a condo or townhome, your HOA dues pay for a master insurance policy to cover the structure. You, or the interior of your condo, isn't covered under the master policy, so if your home is burglarized, damaged by fire/flood, or if someone hurts themselves inside your home, you have no insurance protection.
To protect yourself you can purchase a special policy, called an "HO-6" policy. This type of policy will generally cover you in case someone gets hurt, your condo is damaged … (4 comments)
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san diego home buying: 7 Truths About Buying a Short Sale - 02/25/10 10:12 PM
With so many short sales on the market it's hard to ignore them. A short sale is where the seller owes more on the home loan than he can sell it for. So, he'll come up "short" on paying back the full loan amount. If the seller has cash to make up the difference he can pay the short fall. If not then he will need to pursue a short sale, where the bank agrees to take less than the amount owed. This presents problems for the seller and buyer because both are at the mercy of the bank's decision whether to allow the … (6 comments)
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san diego home buying: Um...I Changed My Mind...Sorry - 02/23/10 12:00 AM
"I've Changed My Mind."
On Friday at 3:00 pm I put a new home listing on the San Diego market. By Sunday, we had multiple offers and were over asking price. Out of the offers, two were particularly strong and the sellers accepted one of them. Before letting the other agents know, I confirmed with the buyers' agent to make sure they wanted the home (yes, they did and even visited the home a second time and "loved" it).
This morning the buyers' agent let me know that the buyers had "changed their mind."
While I understand buyers canceling escrow for … (5 comments)
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san diego home buying: Maybe You SHOULDN'T Buy a Home - 01/19/10 11:51 PM
Maybe you shouldn't buy a home. Yep, I said it. Even though I'm in the business to "sell" homes, some people shouldn't really buy a home now, or possibly ever. Renting may be a better option for some. Believe me, I'd much rather have a happy client than someone who regrets making the decision to buy.
So, maybe you think you want to buy a home. But make sure it's the right thing to do for you. Here are SIX things to think about:
1. Buying for the tax credit. Isn't it great that you can get a tax credit just for … (55 comments)
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san diego home buying: January San Diego Home News - 01/01/10 11:51 PM
Happy New Year! All the best in 2010. Enjoy January's San Diego Home News that I compiled.
Market News
Local home sales statistics: The San Diego Association of Realtors (SDAR) publishes sales statistics for homes throughout the County. Check out the most recent statistics (latest available is for November 2009).
Also view statistical charts for home sales in San Diego (Attached Homes Under 1 Million, Detached Homes Under 1 Million, Homes over 1 Million).
Beyond the Headlines. The California Association of Realtors (CAR) compiles news headlines throughout the country on market issues of interest.
Biggest Decrease in … (0 comments)
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Deborah Engel, San Diego Homes & Property
San Diego,
CA
More about me…
Prudential California Realty
Cell Phone: (858) 829-1989
Email Me
San Diego real estate discussion.
MLS updates, property and market analysis.
First time homebuyers, relocating homeowners, selling and buying homes.
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