Pacific Beach, CA Real Estate News

Buying and selling flipped properties can be a real pain in this market. For example, did you know that lenders require a 2nd appraisal on flipped properties where the seller is making more than 20% profit within 90 days and is selling to a FHA buyer, and the buyer is not allowed to pay for this ... 05/24/2011

  If you owe more than your house is worth and can't afford your payments, you might be able to sell it for less than you owe -- without having to pay the lender the difference.   If you can no longer make your mortgage payments and your home is now worth less than you owe on it, foreclosure may ... 05/22/2011

Here is a great tip for buyers and especially investors in this market! Cash Recapture after Purchase– with no waiting period! Cash recapture is a nice feature for a borrower or investor who just bought a property and owns it free and clear. Many investors/buyers are paying all cash these days be... 05/19/2011

Roughly forty percent of the homes for sale on today's market are short sales and foreclosures! Distressed properties are well known for their value (a reputation which is sometimes accurate, and sometimes not), but they also have a reputation for causing buyers to become distressed, too!Transact... 05/17/2011

Wordless Wednesday - Mission Beach Volleyball at Sunset   05/11/2011

Pacific Beach San Diego Foreclosure Homes are few and far between at the present moment. With only four currently on the market the question from most potential buyers is, "What's up with that?". Where's the flood of pennies on the dollar housing we were promised from this recession? I understand... 05/11/2011

Enough is enough, Fannie Mae needs to be called out on this. We all know how important it is that buyers have good credit to purchase a home these days. But check out the outrageous fees that Fannie Mae is charging buyers with less than "perfect credit" (see below). For example, on a $375k purcha... 05/10/2011

A big concern and a question that many buyers have in today's market place is, "if I buy a home today, will it turn out to be a good investment and what type of appreciation will it have over the next few years"? Well that is a tough question to answer, but to help answer that, here is a report f... 05/05/2011

Here are some tips for a first time home buyer in Pacific Beach to use when buying a home. It is important to select an agent that has experience working with a first time home buyer in Pacific Beach and has a good understanding of the Pacific Beach area. Real Estate is a process of elimination ... 05/05/2011

There was big news for the housing and interest rate markets this past week when the Federal Reserve announced that "they will be ending their monetary stimulus program called Quantitative Easing or "QE2" on June 30th". So how is this related to the housing market?   Because of the financial cris... 05/03/2011

The Consequences of Walking Away Form Your Mortgage! Have you had a conversation with someone in the last 30 days about the consequences of walking away from your mortgage? If the answer is yes, you are not alone. With an estimated 11 million people underwater on their mortgage, (owing more on t... 04/30/2011

I wanted to share some information that every homeowner should know. According to an industry trade group, more than 60 percent of U.S. homes currently have their property taxes over-assessed as a result of falling home valuations and inaccurate county records. Check out this chart below, it show... 04/28/2011

Foreclosure is something that many people think can never happen to them.  The reality is it can happen to anyone.  There are many reasons that may leave us facing foreclosure: Rising Interest Rates Unemployment Personal Tragedy Health Problems Death of a Family Member These are just some of thos... 04/23/2011

Perhaps the most important fact to understand is that in today's economy short sales are a must to sell properties. Since property values have declined nationwide at such a rapid pace, The National Association of Realtors predicted that in 2009 and 2010 over 50% of all properties sold will be sho... 04/22/2011

4 Reasons Why Online Home Buyers Should Consider Using A Realtor! Home shopping online has become a mainstream way for the public. But going shopping alone - without the help of a professional - can become a huge handicap for home buyers.Here are four reasons why home-shoppers need the help of a... 04/19/2011

Housing Affordability has risen to its highest Level on Record according to recent figures. Data from the National Association of Realtors show that its Housing Affordability Index reached a historical high in January of this year. This index factors in the median home price, the interest rate, t... 04/19/2011

  Mission Beach Homes for Sale - Homes for Sale in Mission Beach One of my favorite places to visit in all of San Diego is Mission Beach.  There is so much to do including the amusement park, the indoor and outdoor surfing, the fishing and swimming as well as a visit to all of the shops and dinin... 04/18/2011

  If you owe more than your house is worth and can't afford your payments, you might be able to sell it for less than you owe -- without having to pay the lender the difference.   If you can no longer make your mortgage payments and your home is now worth less than you owe on it, foreclosure may ... 04/12/2011

Fannie Mae has just announced New incentives for its HomePath properties and is offering Buyers up to 3.5% in closing cost assistance beginning April 11 through June 30, 2011, as well as a $1000 bonus to agents in California and Washington who help a buyer close by June 30th 2011. Eligibility Det... 04/11/2011

Home Affordable Foreclosure Alternatives (HAFA) $3,000 Cash Relocation Assistance Program For San Diego, CA Homeowners. "Certian Terms Apply"  Exit Gracefully ​If homeownership is no longer affordable or the weight of homeownership has become too much to bear, Making Homes Affordable (MHA) has a... 04/11/2011