san diego real estate: Buyer's Strategy....Throwing Spaghetti
- 05/21/10 07:09 PM
The San Diego Home Buying market is strange. Because so many buyers are having trouble getting their offer accepted for a home in San Diego they seem to take the "throw the spaghetti on the wall and see what sticks" strategy.
This strategy consists of putting offers on multiple properties, negotiating them, and once accepted, then deciding if they really wanted the home in the first place. This scenario played out in my last 2 listings. It was only after my sellers accepted the offers did we find out the buyers' strategy. Once accepted, both buyers decided that they really didn't want the … (3 comments)
san diego real estate: 11:58 am...Pronounced....Sold!
- 05/21/10 05:25 PM
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)
san diego real estate: Who Gives You the Best Property Information?
- 01/11/09 05:25 PM
We all want information. We can't get enough of it. The internet has given us the incredible ability to find information efficiently and quickly. Sometimes, though, we don't get quality or complete information. It's important to be critical of the information that we receive, whatever the source. There is some quality about getting information from the internet that creates a belief that it is flawless. Buyers and sellers, of course, want all the available information about the market. The internet is a natural resource to get information and as everyone knows, most buyers and sellers use the internet to review home prices and available homes even before becoming serious … (4 comments)
san diego real estate: If it's a Bedroom, it MUST have a Closet
- 08/18/08 06:34 AM
No, not so. When looking at homes, I have clients tell me, matter-of-factly that a bedroom must have a closet if it is to be considered a bedroom. Without a closet, they say, it is just an office or den. I hear the same thing from my fellow local Realtors. I'm not sure when or how this became the accepted definition, but I did my own research to find out if there is a legal definition of what a bedroom must include. First, I checked our local MLS rules to see if there was any authority. The rules are silent on the definition of a … (15 comments)
san diego real estate: 10 Things a Buyer MUST Know (Part 2 of 2)
- 08/05/08 05:20 PM
(Numbers 1-5 were included in Part 1) 6. Don't try timing the market. We know what the market is like today, but can only give an educated guess what it will be in the future. There are so many variables that go into home prices and interest rates that no one can give you a definitive answer as to what will happen in the future. Sure, you can make predictions based on information but there is really no way to know. Many buyers decide that the home prices will continue to go down and that they should wait to buy. This can certainly happen and maybe … (0 comments)
san diego real estate: 10 Things a Buyer MUST Know (Part 1 of 2)
- 08/04/08 06:49 PM
In today's market, where daily changes are normal and expected, it is necessary for buyers to understand what it takes to buy a home. There are at least ten things you must know in order to be a knowledgeable buyer. Here are the first five of those ten things. The next five will be included in my next post. 1. Admit you don't know everything. Sure, this sounds harsh, but just because you read daily articles about the market or look everyday online at the interest rates, it doesn't mean you know more than the professionals who are working in this market each day. Loan requirements, for example, … (0 comments)
san diego real estate: The Sky is Falling!
- 07/14/08 04:31 AM
All around us businesses are failing. With the shocking federal government take-over of IndyMac and reports of instability at Freddie Mac and Fannie Mae, it's easy to see how buyers, sellers and homeowners are nervous and unsure. Still, the real estate market hasn't stopped. People are buying and selling homes and are relocating to new areas. How does a buyer or seller know what to do? 1. Get the help of a full-time, knowledgeable Realtor. Many people gravitate to discount brokerages. I can't blame them: the perception of saving money always seems like a good idea. But like many other businesses, we're seeing some discount … (0 comments)
san diego real estate: Virtual Sales....the Waiting Game
- 02/21/08 02:25 PM
After trying to make offers for my clients on short sales, I have "lovingly" termed them "virtual sales." Like a lot of areas, San Diego has its share of short sales (home sales where the owner owes more to the lender than what the home can sell for). Although the borrower/seller still owns the home, the bank has to approve the contract because they have to agree to take less than what is owed to it. So many buyers enjoy the idea of the short sale because the price usually looks attractive, but so few actually end up selling.
The San Diego Home Buying market is strange. Because so many buyers are having trouble getting their offer accepted for a home in San Diego they seem to take the "throw the spaghetti on the wall and see what sticks" strategy. 
;)
;)
