homes for sale encinitas: 7 THINGS ALL BORROWERS SHOULD KNOW ABOUT FHA LOANS - 07/05/10 02:14 AM
 

 
FHA Pros, LLC, a national FHA condo approval service, has developed a list of facts speaking to the top misconceptions associated with FHA loans in order to help home buyers better navigate an already confusing market. FHA loans are mortgages issued by qualified lenders and insured by the Federal Housing Administration (FHA).
1. FHA loans are not only for lower-income borrowers. FHA loans are available to everyone. There is no maximum income restriction associated with FHA loans, but borrowers do need to substantiate income and assets by submitting proper documentation.
2. FHA loans are not only for first-time … (1 comments)

homes for sale encinitas: Happy Independence Day America - 07/04/10 11:47 AM
I wanted to wish everyone a Happy 4th of July!  There’s nothing like to celebrating the day of our Independence with family and friends. Here’s some facts about the 4th from the US Census Bureau -
1. Thirty places nationwide have "liberty" in their name.
2. Eleven places have "independence" in their name.
3. Five places adopted the name "freedom."
4. There is one place named "patriot" — Patriot, Indiana.
5. There are five places called America.
6. There's a 1-in-6 chance the beef on your backyard grill came from Texas. The Lone Star State is the leader in the production … (1 comments)

homes for sale encinitas: Any Good News Regarding Short Sales? - 06/17/10 08:58 AM


Just a year ago, when pre-foreclosure and foreclosure properties were entering the market in unimaginable numbers, many real estate agents were estimating six to 10 months at best to complete a short sale. Now, some are beginning to see closings in as few as 10 weeks. That’s good news for sellers, the housing market and the U.S. economy.
The improvement is a product of a few key developments creating momentum in the lending industry. First, banks are starting to adjust to the market and becoming more proactive in creating systems and solutions for homeowners in distress. Second, and arguably … (0 comments)

homes for sale encinitas: Spring Cleaning Clutter Tips - 06/08/10 02:13 AM
As another spring comes to an end it’s a good time to ask yourself “did I ever get around to spring cleaning this year?” If not, here are some ueful tips to implement before the BBQ season begins-
 
That kitchen drawer
Take the pizza rolling, slicing thing and all those other items you bought for less than $5.99 that you just knew you’d always use and put them in a cardboard box. Whenever you use one of the items, put it back in the drawer. At the end of the month—with the exception of the turkey baster—you need to ask … (3 comments)

homes for sale encinitas: Summer Kick-off party - 06/01/10 11:33 AM
 

Summer is around the corner which means it’s time for the annual Fiesta Del Sol’s two-day street and music festival held at Fletcher Cove in Solana Beach. This years event takes place June 5th and 6th. The Fiesta is celebrating its 31st year!
This well-attended events main highlights are: continuous live music and entertainment into the evening, Arts and Crafts, Merchant Booths, Children's Activities, International Food Court, Beer and Wine Garden and Sponsor VIP Section. 
 
2010 Music Lineup
Sat • June 5 7:45 Aggrolites  Fusion of reggae, soul and grit. Read more... 6:15 Balkan Beat Box  Funked up beats, … (0 comments)

homes for sale encinitas: Real Estates New Problem - Not Enough Homes - 05/24/10 02:08 AM
Can it be possible? Despite the housing bust and high foreclosure rates, in some areas we don't have enough homes to sell.
 
There is currently an eight-month supply of homes on the market -- meaning that, at the current sales pace, it would take eight months to run through the backlog.
 
That's still a lot compared to the six-month supply that is expected in a normal market, but it is much better than it was. In March, there were nearly 2% fewer homes on the market than there were a year ago, and 21.7% fewer than the record of … (2 comments)

homes for sale encinitas: Buyers Should Get In Hot Market - 05/20/10 02:05 AM
 For quite a few months now I have been sharing with anyone that would listen that the residential real estate market in North San Diego County has changed. It is vibrant, positive and on the move. Things are Selling and Buyers are out looking hard. NSDCAR HomeDex shows year-over median single-family detached homes in North San Diego County increased 21.67% from April 2009 and North County attached homes increased 22.46% from a year ago; making nine straight months of rising year-over prices.
  If you have been looking at any type of property in Carlsbad, Encinitas, Cardiff, Solana Beach or Del … (0 comments)

homes for sale encinitas: North County San Diego Homes Rise In April - 05/18/10 02:20 AM
NCSDAR reports reports show that April was an outstanding month for real estate sales and closings. The market, driven by lots of factors, not just the tax credits seems to be finding solid footing at last. The average sales price per transaction is almost two and a quarter times higher than it was last year. Listings sold volume is up, sales are up and far fewer sales are falling out of escrow due to buyers failing to qualify. Many have been affected in this area of buyers not qualifying like everyone else. This problem is also quieting down as the lenders … (0 comments)

homes for sale encinitas: So You Want To Buy A Foreclosure - 05/10/10 02:32 AM
 You want to buy a foreclosure? Remember, there are both great opportunities and great pressures and pitfalls in this market.
First, you have to decide at what stage of foreclosure you want to buy. There are three options: 1. pre-foreclosure; 2. sheriff's auction; 3. 
"The safest and best way to buy is when it's a bank-owned property," said Rick Sharga, a spokesman for RealtyTrac, the online marketer of foreclosure properties.
Pre-foreclosure: These homes are in the foreclosure process, but they have yet to be sent to auction. Owners are typically trying to unload them because they are "underwater," owing more on … (0 comments)

homes for sale encinitas: Military Veterans Earn one-Year Federal Tax Credit Extension - 04/27/10 03:08 PM
Military personnel, members of the Foreign Service, and employees of the intelligence community have an extra year, through June 2011, to buy a principal residence in the U.S. and claim the federal tax credit. The deadline for entering a binding contract is April 30, 2011; the deadline to close a purchase is June 30, 2011. The extension applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010. All other … (1 comments)

homes for sale encinitas: Great Customer Service Will Make You Number 1 - 04/26/10 08:15 AM
 
Home sales are creeping up, short sales and loan modifications are being streamlined and consumers are recognizing the value of Realtor guidance. It’s all having a positive effect on many agents whose businesses saw a marked slowdown in the past few years. The ingredients for a successful rebound are brewing, which is good news for the industry.
The Big Picture According to the NAR 2009 Profile of Home Buyers and Sellers, nearly 80% of buyers consult a Realtor during their home search, and just 11% of sellers opt not to list their home with an agent. That puts FSBOs at … (2 comments)

homes for sale encinitas: New-home sales rise fastest in 47 years - 04/25/10 01:54 AM
 
 
According to the Census Bureau, new home sales improved in March at the fastest single-month rate in 47 years. New-home sales rose 26.9% to a seasonally adjusted annual rate of 411,000 last month, compared to an upwardly revised annual rate of 324,000 in February.
The March sales were the strongest since last July, and the percentage gain was the biggest on a month-over-month basis since a 31% gain in March 1963.
New-home sales spiked in every region of the United States. The South saw the biggest jump in new home sales, up 43.5%, while the Northeast region saw sales … (0 comments)

homes for sale encinitas: How foreclosure impacts your credit score - 04/24/10 02:47 AM
One thing I am asked often by clients and other agents is the impact of Foreclosures, short sales and died of lieu on credit scores. If you're delinquent on your mortgage, your credit score will suffer. Everyone knows that. The question is, by how much?
Until recently, those answers were hard to come by. Credit bureaus were uncommunicative about expressing, in points, just how much impact different foreclosure types of mortgage delinquencies have on scores.
Recently, Fair Isaac, which developed FICO scores, pulled back the curtain a bit, revealing some estimates of point-score declines following mortgage delinquency problems.
 
Here are … (3 comments)

homes for sale encinitas: March NCSDAR Single Family Attached Homes Report Shows North County Leading The Way - 04/21/10 01:01 AM
•The North San Diego County median-priced single-family attached (SFA) home increased 2.08 percent from $240,000 in February 2010 to $245,000 in March 2010, a second straight month price increase. The Non-North San Diego County SFA home median price rose 6.93 percent to $220,000 in March 2010 from $205,750 in February 2010.1
 
•North San Diego County SFA median prices increased 31.72 percent year-over from $186,000 in March 2009, for eight months of year-over price increases (the last two months exceeded 30 percent) following 24 months of year-over declines.
 
•The county-wide SFA home median price increased 4.65 percent from $215,000 in … (1 comments)

homes for sale encinitas: Common Mistakes made By Buyers - 04/20/10 01:01 AM
Buying a home is the biggest purchase most people will ever make, yet many go into it blind. Here are some common -- and costly -- mistakes homebuyers make.

1. Not knowing your credit score
 
If you're even toying with the idea of buying a home, you must find out exactly what your FICO score is. If you find it is less than ideal, wage a systematic campaign to raise it. Too many borrowers ignore this step and get surprised when they get interest rate quotes. For a buyer with a credit score between 680 and 700, the fee … (5 comments)

homes for sale encinitas: North County San Diego Single-Family Detached Homes Sales Show Price Gains, Less Days On Market - 04/19/10 01:16 AM
According to NCSDAR, our market is showing more signs of a recovery. The median days-on-market declined for North San Diego County SFD homes sold to 36 days in March 2010 from 40 days in February 2010. The average number of days-on-market fell from 74 in February 2010 to 68 in March 2010.2
 
The SFD median price-per-square foot rose to $228 in March 2010 from $222 in February 2010, up 23.69 percent year-over from March 2009 – the year-over median price-per-square foot has increased for five straight months (after over two years of price declines). The March 2010 median-per-square foot was … (0 comments)

homes for sale encinitas: Remodeling projects that should pay off - 04/18/10 10:54 AM
Just a few years ago you could count on getting the bulk of your money back for almost any home-improvement project you took on. Today merely replacing a toilet seat can feel like throwing caution, and cash, to the wind. According to a study from Remodeling magazine, the average return on value for an upgrade declined from 87% in 2005 to 64% in 2009. But these six new rules will help you maximize your return on your remodeling investment.
 
Rule No. 1: Repairs get the biggest returns
The smartest money now goes into "undeferring" needed maintenance. That's because while buyers … (3 comments)

homes for sale encinitas: Got a few grand and a few days? Get a perfect home - 04/15/10 01:53 AM

  Ever have a listing that has deteriorated into a mess but your potential clients explain they don't have the time or means to do a comprehensive redecorating job? 
You might want to read a new book by Jill Vegas called "Speed Decorating," which focuses on redecorating at a minimum cost and warp speed. Ideally, she makes the most of what you have, showing how to arrange it, what colors to paint, where to hang artwork -- and what flourishes to add.
"It's about having a home you love right away," she said. "Speed decorating is not about calling in contractors; … (0 comments)

homes for sale encinitas: Staying On Top Of A Difficult market - 04/14/10 01:07 AM
  Is the drama is nearly over? After a decade of extremes -- the ebullient highs of the real estate boom, then the devastating lows of the bust -- it appears calmer forces are beginning to prevail in the housing market.
The big fall-off in home values, which has taken the median price of a house down almost 30% since 2006, looks to be in its final stages in most places: Three-quarters of the nation's 384 metropolitan areas will see prices down less than 5% a year from now, according to projections from Fiserv and Moody's Economy.com; 10% seem poised for modest … (2 comments)

homes for sale encinitas: Tax man May be Coming For Those Who Foreclosed - 04/12/10 02:03 AM
I read a really interesting article this weekend. These are the things that make me cautious about what I say to clients when discussing a short sale or foreclosure because it seems to change all the time. 
 
According to the article, if you lost your home to foreclosure this year or  your lender forgave some of your mortgage debt because you sold it for less than it was worth, you could be facing a big tax hit.
It is IRS policy to tax forgiven debt you are personally responsible for as if it is income. Say, for example, your credit … (1 comments)

 
Rob Denny, "Dream Home Specialist" (HomeSmart Realty West)

Rob Denny

"Dream Home Specialist"

Carlsbad, CA

More about me…

HomeSmart Realty West

Address: 900 S. Coast Hwy 101, Encinitas, Ca, 92024

Office: (858) 504-0449

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