Money Monday: Reasons Not to Purchase a Home with All-Cash

Even if you have the financial means to put in an all-cash offer, you may not want to do so.

All-cash offers can be more appealing to home-sellers, but you also need to take into consideration the other aspects of paying so much cash upfront.

All-cash offers in today's real estate market

  1. Will you have enough liquidity left? At least a few thousand dollars left in your pocket is ideal. You may have repairs, upgrades you desire to make, and increased utility and maintenance costs for your new house — not to mention your typical costs and unexpected financial needs (such as medical bills or suddenly losing employment).
  2. What if you easily qualify for a mortgage? Interest rates are still on the low-side, and by obtaining a mortgage to purchase a house, you would be able to keep a large chunk of your finances.
  3. Paying all-cash means you miss out on a tax break. When you have a mortgage, you are able to receive a tax break on the interest paid to the mortgage lender.
  4. & 5. reasons are available to read at Finance.Yahoo.com: “5 Reasons Not to Purchase Your Home With Cash.”

San Diego County Events for April 21 – 23

This weekend in San Diego holds quite the variety of activities; enjoy: gardens, fairs and parades, festivals, music, food, films, and more.

San Diego county events this weekendSculpture in the Garden

San Diego Botanic Garden is featuring local artists through the end of this month. ArtFest at the Garden features some of the finest regional artists displaying their talents with the beautiful San Diego Botanic Garden as a back drop. You can take a self-guided tour of the sculptures.

When: Until the end of April 2017
Where: San Diego Botanic Garden | 230 Quail Gardens Drive, Encinitas CA 92024
Cost: Included with admission to the gardens | $14 for adults, $10 for seniors, students and active military and $8 for children ages 3 to 12. Kids 2 and under get in free. On-site parking is $2.
More information: www.sdbgarden.org/sculpture


32nd Annual Linda Vista Multi-Cultural Fair And Parade

The 2017 Linda Vista Multi-Cultural Fair and Parade’s theme in 2017 will be focused on Healthy Communities — emphasizing the health resources available to Linda Vista and San Diego. Numerous cultural exhibits, varied ethnic food offerings and artistic performances are will be offered.

When: Saturday, April 22 | 10am
Where: Linda Vista | 6900 Linda Vista Rd., San Diego, CA
Cost: Free
More information: www.lindavistafair.org


NAKland: Children’s Carnival & Community Resource Fair

This free event includes a children’s carnival with a variety of games, inflatable jumpers, giveaways, prizes, a traditional baile folklorico performance, a lion dance show, bubble soccer, a petting zoo and free food!

When: Saturday, April 22 | 10am
Where: Teralta Park | Orange Ave. & 40th St. , San Diego, CA 92105
Cost: Free
More information: www.facebook.com/NAKland-Childrens-Carnival-Community-Resource-Fair


San Diego Guitar Festival

Back for its second year, the San Diego Guitar Festival is proud to present award-winning guitarists, including Grammy-winners David Russell and Paul O’Dette. The San Diego Guitar Festival has once again partnered with Museum of Making Music Carlsbad for the unique “Classic Strings & Modern Brew.” The very best of the classical guitar world meets the very best San Diego brewers –Stone Brewing Company, Karl Strauss Brewing Company and Bagby Beer Company– in a unique concert, beer-tasting experience not to be missed.

Masterclasses, lecture and workshop are free and open to the public. The schedule is available here.

When: Various dates from April 21 – 30
Where: San Diego State University | 5500 Campanile Dr., San Diego, CA
Cost: $10 – $200
More information: www.sdguitarfest.org


7th San Diego Asian Film Festival Spring Showcase

With 21 films, the 7th annual SDAFF Spring Showcase is the biggest yet.

When: Multiple dates from Apr 20 – Apr 27
Where: Ultrastar Mission Valley Cinemas | 7510 Hazard Center Dr #100, San Diego, CA 92108
Cost: $9 – $15
More information: www.ultrastarmovies.com/theaters/mission-valley-hazard-center-movie-theater


27th annual Multicultural Earth Day

A free festival with music and dance and food and libations and performers. The “World’s Largest Seed Exchange,” heirloom plant sale, activities designed for kids, and some 50 various vendors will be at the event in Balboa Park.

When: Sunday, April 23 | 12 – 7pm
Where: WorldBeat Cultural Center, Balboa Park | 2100 Park Blvd., San Diego, CA
Cost: Free
More information: worldbeatcenter.org


Fallbrook Avocado Festival

Celebrating its 31st year, the event draws up to 100,000 visitors and features all things avocado — from sweet and savory foods to avocado-related products. Special events include a guacamole contest, a “Little Miss” or “Little Mister” Avocado contest (ages 6-10), a Best Decorated Avocado contest and the Avo 500 children’s car race. There will be live music, a beer and margarita garden, children’s activities and the Artisan Walk on Alvarado Street, featuring more than 30 local artists.

When: Sunday, April 23 | 9am – 5pm
Where: Main Avenue, Downtown Fallbrook, CA
Cost: Free
More information: www.fallbrookchamberofcommerce.org


25th Annual Oceanside Days of Art

TheOceanside Days of Art is a juried fine art festival featuring up to and sometimes over 100 local artists selling a variety of unique artwork including paintings, sculptures, glass, ceramics, fine jewelry, and photography — with live stage performances, children’s and adult’s hands on art activities, street chalk artist, painting and sculpture demonstrations, and a delicious variety of food.

When: Saturday & Sunday, April 22 & 23 | 10am – 5pm
Where: Route 101 (Pacific Coast Highway) and Pier View Way, Oceanside, CA
Cost: Free
More information: www.ocaf.info/oceanside-days-of-art


Home Show USA

Check out the latest trends in remodeling, landscaping, decorating and design on the expo floor.

When: Friday – Sunday, April 21 – 23 | Friday, 10am – 5pm; Saturday, 10am – 6pm; Sunday, 10am – 5pm
Where: Del Mar Fairgrounds | 2260 Jimmy Durante Blvd, Del Mar, CA 92014
Cost: Free admission; parking is $13
More information: Home Show USA

Real Estate Market Update – March 2017

California Sales Report

The real estate market in California showed strong gains in both single-family sales and the median price.California real estate market update March 2017

This infographic and information is from THE CALIFORNIA ASSOCIATION OF REALTORS at CAR.org.

Money Monday: Last-Minute Tax Advice

With just a day before the April 18 deadline to file your taxes, here’s a few last minute tips.

  1. File! Even if you don’t have all the money to pay, it’s much better to file a return than to not file at all. “The penalties for not filing a tax return are 10 times greater than those for filing but not being able to pay taxes due.” (Money.CNN.com. “5 last-minute tax tips you need to know now.” http://money.cnn.com/2017/04/13/pf/taxes/tax-tips/index.html?iid=SF_LN)
  2. You can file for an extension. It’s simple and quick to do on the IRS website, and it will buy you some time. Just be aware that late-payment penalties will be tacked on, beginning after the April 18 deadline.
  3. You can still get professional help. One place to go for help is the VITA program; the “Volunteer Income Tax Assistance program provides specially trained IRS-certified volunteer tax preparers that can help taxpayers with basic income-tax preparation needs.” (Money.CNN.com. “5 last-minute tax tips you need to know now.” http://money.cnn.com/2017/04/13/pf/taxes/tax-tips/index.html?iid=SF_LN)
  4. Two more key tips available here on Money.CNN.com: “5 last-minute tax tips you need to know now.”

San Diego County Events for April 14 – 16

Happy Easter! As expected, the majority of things to do this weekend are Easter egg hunts for the kids, but there are a couple of other options as well. Check out my list below:

San Diego county events this weekendSunday Easter services in San Diego County

Around San Diego County, there are Easter church services to celebrate the resurrection of Christ. Check out this list here and here.


Easter in the Courtyard

Foothills Christian Church in El Cajon will host its annual Easter in the Courtyard on Saturday which includes an egg hunt boasting 14,000 Easter eggs. Also on the agenda: jumpy houses, carnival games, a shop-and-swap zone and food for sale from Ray’s BBQ.

When: Saturday, April 15 | 10am – 1pm
Where: Foothills Christian Church | 365 W Bradley Ave, El Cajon CA 92020
Cost: Free
More information: foothillschurch.org/events/easter-in-the-courtyard


Spring Eggstravaganza

At the Spring Eggstravaganza at Santee Lakes, have fun with the kids! There’s going to be continuous egg hunts for kids eight and younger, plus – carnival rides, pony rides, crafts, Primo DJ and more fun for the entire family.

When: Saturday, April 15 | 9am – 3pm
Where: Santee Lakes, Lake 5 | 9310 Fanita Parkway, Santee, California 92071
Cost: Free
More information: www.ci.santee.ca.us/Index.aspx?page=8&recordid=3618


Grossmont Easter Egg Hunt

Check out Grossmont Center for eggs-tra special fun, free kid-friendly crafts and activities, an Easter Egg Hunt, costumed characters, face painters, balloon artists, hair styling and more. Get ready for an egg-sperience to remember this Easter at Grossmont Center. Plus, don’t forget to get your photo taken with the Easter Bunny!

When: Saturday, April 15 | 10:30am – 12:30pm
Where: Grossmont Center | 5500 Grossmont Center Drive, La Mesa, CA 91942
Cost: Free
More information: www.grossmontcenter.com/event/easter-egg-hunt


More Easter egg hunts around San Diego County here!


Cat-illacs concert

Part of Seaport Village’s concert series, the Cat-illacs will perform Sunday afternoon with rock-n-roll music.

When: Sunday, April 16 | 1 – 4pm
Where: Seaport Village | 849 West Harbor Drive, San Diego, CA 92101
Cost: Free
More information: www.seaportvillage.com/events-calendar/cat-illacs-12


The Flower Fields at Carlsbad Ranch

The famous Flower Fields in Carlsbad Ranch officially opened for the season on March 1; the fields are open daily, from 9 a.m. to 6 p.m., through May 14. Patrons will enjoy nearly 50 acres of colorful displays of Giant Tecolote Ranunculus flowers, which are in bloom for six to eight weeks. The famous fields also include roses, orchids, sweet pea blossoms, petunias and poinsettias.

This Sunday, there will also be an Easter service at 6:30am, as well as The Bayou Brothers performing 1-5pm.

When: Now – May 14 | 9am – 6pm daily | Sunday Easter service at 6:30am
Where: Carlsbad Ranch | 5704 Paseo Del Norte, Carlsbad, CA 92008
Cost: $14 | details here
More information: www.theflowerfields.com

Money Monday: Preparing to Buy a Home

Buying a home — it’s a big decision; one that you should prepare for in advance.

buyers and sellers real estate disclosures“One of the most important things a first-time homebuyer can do is prepare their budget for this big financial event.” (“How to Prepare Your Budget for Buying Your First Home”. http://finance.yahoo.com/news/prepare-budget-buying-first-home-123000854.html)

And there’s a few key ways that you can get your budget in order:

  1. Work on getting your credit score up
  2. Save for a down payment on a house
  3. Prepare for extra costs when buying

Read more on Yahoo’s financial advice on prepping your budget before buying here: “How to Prepare Your Budget for Buying Your First Home”.

San Diego County Events for April 7 – 9

With such a beautiful spring weekend ahead for us, it’s the perfect opportunity to get out and explore some of the great events San Diego County has to offer!

San Diego county events this weekendHealthy Living Festival

San Diego’s largest health and fitness expo returns to the Del Mar Fairgrounds on both Saturday and Sunday, from 10 a.m. to 6 p.m. and 10 a.m. to 5 p.m., respectively. The event educates attendees on everything involving health and wellness and will feature 30 expert-led lectures and workshops on topics like fitness, healthy eating, better sleep habits and how to reduce stress. In addition, there will be free medical screenings, too, and attendees will also enjoy cooking demos and tips from renowned chefs.

When: Saturday, April 8, 10am – 6pm | Sunday, April 9, 10am – 5pm
Where: Del Mar Fairgrounds | 2260 Jimmy Durante Blvd, Del Mar, CA 92014
Cost: Free if you print out this pass; otherwise $10 at the door
More information: healthylivingfestival.com


Springfest

Springfest is an annual festival wholly curated by and highlighting new work from the UC San Diego Department of Music–the premier center on the West Coast for experimental and new music.

When: See dates and times here
Where: University of California, San Diego | 9500 Gilman Dr., La Jolla, CA
Cost: Free – $12
More information: ucsdmusic.blogspot.com


Imperial Beach Derby Daze

Enjoy live music from an amazing Cuban Band, a dance performance by Italia’s Dance Academy, music by DJ Jughead, and shop from local businesses at this free event.

When: Saturday, April 8 | 12pm
Where: Pier Plaza Imperial Beach | 10 Evergreen Ave, Imperial Beach, Ca 91932
Cost: Free
More information: here


Eggstravaganza

Enjoy one of the holiday’s traditions this Saturday by participating in an Easter egg hunt. In addition, there will be a petting zoo, balloon artist, face painting and crafts on the church campus.

When: Saturday, April 8 | 9am
Where: The Village Community Presbyterian Church in Rancho Santa Fe | 6225 Paseo Delicias, Rancho Santa Fe, CA 92067
Cost: Free
More information: villagechurch.org/the-eggstravaganza


April Pools Day

In preparation for May — the drowning prevention month — the city of La Mesa is focused on bringing water awareness to the community. Learn how to keep children safe around water with water safety and CPR presentations, rescue demonstrations, lesson demonstrations, free swim lessons and recreational swim at the municipal pool.

When: Saturday, April 8 | 12 – 3pm
Where: La Mesa Municipal Pool | 5100 Memorial Drive, La Mesa, CA
Cost: Free
More information: www.cityoflamesa.com/409/Events-Activities

Pets Influence Home Buying Decisions

The power of pets when buying real estate.

Care Your Pet

When home buyers have pets, that factors into their priorities for their future home. While the specific priorities differ from person to person, a massive 95% of consumers think that allowing animals within a housing community is important. Other preferences that consumers value include:

  • Nearby animal amenities (a walking path ranks at #1 at 54%; a nearby dog park or animal grooming also is included in the list).
  • Home features important to animal owners (not surprisingly, a fenced yard is vital to 91%, with a laminate floor coming in second as another priority for 66% of consumers).

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.