Category Archives: Homesellers

Baby Boomers Just May Cause the Next Housing Crisis?

Will the next housing crisis be because of baby boomers?

In today’s housing environment, there are surprising factors that baby boomers, born between 1946-1964, will be three times more likely to be carrying mortgage debt as of 2015 at age 60 years or older compared to 1980 according to U.S Census Bureau Data stats.

As of 2016, there were 74 million baby boomers alive and by 2030, when all baby boomers will be between 66-84 years old, there will be 60 million predicted to be alive. So with interest rates changing from 3.41% in 2016 to 4.62% recently for 30-year fixed-rate mortgages — and affordable housing being eliminated due to higher pricing (and that the new Millennial Generation is beginning to buy) — the next generation of seniors will have to be more creative with housing. One creative approach to housing is by living in helper units on their children’s properties in the future, such as granny flats or casitas — or buying a smaller home in another area. Downsizing or staying in their current home becomes the daunting task and question.

Maximizing your current home’s value by preparing is essential; do so with your building contractor, financial planner, accountant and Real Estate Agent.   I’m here to help recommend any of these people and more or get you a free analysis of your home’s value.  You can reach me at JohnASilvaRE@gmail.com or 619-890-3648.

Is this the Sign of a Change?

After months and years of wholesale increases on property values in San Diego, the hoopla may be coming to an end.

San Diego Real Estate valuesSee this link on recent stats from ATTOM Data Solutions that show foreclosures are now on the rise over the past several months in 96 of 219 metropolitan markets through out the nation: www.attomdata.com/news/market-trends/foreclosures/july-2018-u-s-foreclosure-market-report

Los Angeles has had a 20% year-over-year increase for July, while San Diego is lower due to the size difference compared to LA. But the time may be now to rehash any questions, if you are on the fence about selling now.Whether you may have a financial burden or may be ready to cash out, I have options to maximize your situation. Message me today for a very short no-pressure consultation. 619-890-3648 or JohnASilvaRE@gmail.com.

BEWARE For Sale By Owners!

Year after year, the statistics show that For Sale By Owners or FSBO’s make less money year after year after year than selling with a seasoned Real Estate Agent.

Nationwide the statistics are staggering.  While being the average of selling for 20% less than a Real Estate Agent with the nationwide example from a recent article from Realtor.Org, it obviously doesn’t make sense to take this much of a loss.  With the exception of FSBO selling to a close friend or family member for a discount based on property not being in good condition, this would be the only exception not to do anyone else favors.

For all you out there contemplating or in the process of selling on your own, this would be the single most valuable advice you could ever read.

For a free accurate evaluation of your home, I can be reached at 619-890–3648.  Thank you!  John A Silva, Berkshire Hathaway, San Diego, CA.

Read more on the statistics for selling your home on your own here: http://economistsoutlook.blogs.realtor.org/2018/07/09/selling-your-home-solo-to-save-money-youll-actually-make-less-than-you-think-2/

Two Listings Just SOLD Above Asking!

Just SOLD Above Asking:

Single Oak Sold $20,000 Above Asking Price!

Crystal Downs Sold $8,100 Above Asking Price!

No Matter What Price Range You Are In, CALL ME NOW for a FREE Evaluation of how your home can be marketed and SOLD NOW for top dollar!


1160 Crystal Downs Dr, Chula Vista | Sold $8,100 Above Asking Price!

1160 Crystal Downs Dr, Chula Vista, CA | John A Silva, San Diego real estate agent


9243 Single Oak Dr, Lakeside | Sold $20,000 Above Asking Price!

9243 Single Oak Dr | Just Sold by John A Silva, San Diego real estate agent

No Matter What Price Range You Are In, CALL ME NOW for a FREE Evaluation of how your home can be marketed and SOLD NOW for top dollar!  619.890.3648

Money Monday: Summertime features raise home prices

Homes with amenities geared toward summer activities hold high buyer appeal.

And in Southern California, it’s a perfect place to have some of these features incorporated into your home. If you’re thinking of selling, it just might help you fetch top dollar for your home!

CALIFORNIA ASSOCIATION OF REALTORS | Summertime house features infographic

This infographic is from CAR.org.

Money Monday: What’s in a Home Value?

When you are selling or buying, the value of houses can be affected by so many things.

Of course, location and neighborhood comps affect the going price of the home, but other things you may not have thought about can affect it as well. These include: privacy, frontage length, the backyard sloping down, and more.

CAR.org home value

This infographic is from CAR.org.

California Real Estate Market Update – March 2018

 California home sales tick higher in March as median price reaches eight-month high

urban real estate prices, most live in suburbs

– Existing, single-family home sales totaled 423,990 in March on a seasonally adjusted annualized rate, up 0.3 percent from February and 1.6 percent from March 2017.

– March’s statewide median home price was $564,830, up 8.1 percent from February and 8.9 percent from March 2017.

– Alameda, Marin, San Mateo, Santa Clara, San Diego, and Orange counties all hit a new peak price at $955,000, $1,392,500, $1,615,000, $1,454,500, $625,400, and $824,450, respectively…

Graphics (click links to open):

Note:  The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state and represent statistics of existing single-family detached homes only. County sales data are not adjusted to account for seasonal factors that can influence home sales.  Movements in sales prices should not be interpreted as changes in the cost of a standard home.  The median price is where half sold for more and half sold for less; medians are more typical than average prices, which are skewed by a relatively small share of transactions at either the lower-end or the upper-end. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold.  The change in median prices should not be construed as actual price changes in specific homes.

Read all of C.A.R.’s report here: “March home sales and price report”.

The Perfect Home – Infographic

The idea of the perfect home varies for each individual, but overall there are some strong desires within each generation.

  • Single-family homes in the suburban are a top priority to 55% of gen X-ers and baby boomers.
  • The home doesn’t matter as much as the location for millennials and the silent generation — they both desire walkable communities close to work.
  • 60% of families prefer larger homes and yards.
  • Homes with small yards and a walkable distance from amenities are high on the list for 55% of Americans

Positively Perfect home for the generations

Check out the CALIFORNIA ASSOCIATION OF REALTORS’ infographics here.