Tax Consequences of Short Sales
One of the unfortunate facts about the current San Diego real estate market is that more than half of the homes for sale in most areas are short-sales. In a short sale situation, the home owner is seeking to sell the house, and the sale will net less to the home owner than the owner […]
Upbeat San Diego Real Estate News
Continuing on a positive note, news of a decline in the number of San Diego home mortgage defaults came as a surprise to many of the more downbeat observers of the San Diego real estate market. In April 2009 the number of home mortgage defaults in San Diego County dropped 12 percent from the March […]
Distress Over REO’s and Short Sales
San Diego home buyers are sick and tired of the run-around that they are getting from the banks with foreclosure sales and short-sales. The buyer sentiment about these “distress sales”, combined with a low level of inventory of homes for sale in San Diego, has given rise to new hope among prospective home sellers. Bank-owned […]
Home Price Appreciation Returns
What San Diego Realtors have known for months is now being reported in the news. Demand for homes in San Diego exceeds current supply, and the result has been upward pressure on prices. For three consecutive months, in February, March, and April 2009, the median home price in San Diego County has increased. After reaching […]
Rancho Penasquitos Homes Selling
It seems like all we hear in the news is how depressed the real estate market is and how nothing is selling. I sifted through all of the 68 active listings today in the 92129 Rancho Penasquitos zip code and found just a wee bit over half are distressed sales. Distressed sales = REOs/Bank owned […]
San Diego Property Tax Reductions
Important Deadline For Lowering Your San Diego Property Taxes Last day to apply for reassessment from the San Diego County Tax Assessor is May 30, 2009 By California Law, owners of San Diego homes and investment properties are entitled to annual reassessment of their property tax values. California Proposition 8 requires the Assessor’s Office to temporarily lower the […]
Overbidding On Houses
It’s hard for many people to believe that in this “down market” there is so much upward pressure on prices. This is not to say that home prices have not come down in the past few years. Nor am I suggesting that there aren’t some incredible bargains available today. But many prospective home buyers call and ask me whether it […]
Trust Home Foreclosure Reports?
It’s hard to make good decisions about the San Diego real estate market without good information to work from. Nationally, newspapers are recently reporting that an end to the market downturn could be near. For example, the pending home sales index maintained by the National Association of Realtors rose 3.2% in March. The numbers of […]
Upscale San Diego Homes
Are There Any Bargains For Upscale Homes In San Diego, Rancho Santa Fe or La Jolla? San Diego is a top-tier real estate market and a very desirable place to live, so the prices are high (and will remain high) relative to less attractive areas in the U.S. Still, there has been a significant price […]
San Diego Real Estate Deals
Where Are The Best Deals In San Diego Real Estate? The best real estate deals right now are bank-owned foreclosure properties (REO’s) and other distress sales known as “Short Sales” (pre-foreclosure). But those aren’t the only good deals available to home buyers. There are also very good deals to be negotiated with private sellers who […]