Posted in the For Sellers Category
How Do Expensive Upgrades Affect My Home Value?
May 2nd, 2019 by Karen
A question came up where the seller had a very expensive upgrade, in this case, a $14,000 Sub-zero fridge. The home was worth $390,000. The seller wanted to know how much additional value the fridge would add. Market Value Kitchen upgrades, as a whole, would increase the desirability of the home. However, any upgrades that... Read More
Is it a Good Investment to Buy a Home for Your College Student to Live In?
April 25th, 2019 by Karen
Your child is going off to college and dorm costs are very high. You are considering other options such as renting or even buying a home for your college student and a roommate to live in. It’s located in a college town and the numbers make sense, but the main concern is, it will be... Read More
Why Now’s the Time to Upgrade to a New Home in San Diego
April 19th, 2019 by Karen
Posted in: First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, San Diego Market Updates
If you are debating upgrading your current home, now is the time! Deals in the Upper End of the Market In today’s real estate market there are deals to be had at the higher end! This is great news for homeowners who want to upgrade from their current house. Much of the demand for housing... Read More
San Diego Real Estate Market Update – March 2019
March 18th, 2019 by Karen
Posted in: First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Real Estate News, San Diego Market Updates
Mortgage interest rates have leveled off which is big news for the housing market. Rising interest rates along with minimal housing inventory contributed to a massive slowdown in the housing market. Let's see how it played out in 2018 and how it is looking in San Diego so far in 2019. Consider the following charts:
7 Things To Avoid After Applying for a Mortgage
March 13th, 2019 by Karen
Congratulations! You’ve found a home to buy and have applied for a mortgage! You are undoubtedly excited about the opportunity to decorate your new home! But before you make any big purchases, move any money around, or make any big-time life changes, consult your loan officer. They will be able to tell you how your... Read More
Tax Reform: How the New Tax Law Affects Home Ownership
February 19th, 2019 by Karen
Tax season is upon us and to make it even more interesting this year, the tax code has changed along with some of the rules that affect home ownership. Key Factors that Affect Home Ownership Standard Deduction The standard deduction has nearly doubled. Many people will get a bigger deduction by taking the standard deduction rather... Read More
2019 Real Estate Market Forecast
December 17th, 2018 by Karen
Posted in: For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Real Estate News, San Diego Market Updates
Where are home prices and mortgage rates headed in 2019? Where are home prices headed in 2019? Some people are concerned that we are on the verge of depreciation. However, out of 105 projections by economists, market analysts and real estate experts, 104 say prices are going to continue to appreciate going into 2019 and... Read More
How Long Do Most People Live in a House Before Selling?
December 11th, 2018 by Karen
That depends on where you live. San Diego is drastically different than the national average when it comes to how long people live in their house before selling. The national average increased from 6 years to 10 years living in a home The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of... Read More
What’s Going On With Home Prices in San Diego?
October 21st, 2018 by Karen
Reports are showing that the real estate market is slowing down but how does the San Diego real estate market compare? National Home Prices up 5.5% from August 2017 According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home... Read More
Where are Mortgage Interest Rates Headed in 2019?
October 4th, 2018 by Karen
Mortgage Interest Rates Continue to Rise The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a... Read More