Category Archives: Real Estate Market

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.

For Sale: Super Clean Home in Lakeside!

Super Clean Home! Come check out Great Country Home, Call NOW to set appt! 619-890-3648

9243 Single Oak Dr | Lakeside, CA

9243 Single Oak Dr, Lakeside, CA 92040 | Listed by John A Silva, San Diego real estate agent

Seller will Entertain Offers between $499900 – $525876

REDUCED! YOUR “Country Road Where YOU Belong” HOME with large corner usable lot in a great area! Awesome relaxing covered patio for entertaining & huge backyard for kids yard games, RV, etc. Resilient vinyl siding, big garage with workspace for hobbies, & rear roll-up door to large covered port & out building. Inside, the ultimate lady or man cave for several uses: library, utility, media/music, video games, etc. This clean home has newer roof, windows, CFA & heat. Enjoy cozy fire on cold nights in or outside!

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Just Listed: 1160 Crystal Downs Dr, Chula Vista, CA

1160 Crystal Downs Dr | Chula Vista, CA

1160 Crystal Downs Dr, Chula Vista, CA

 

Offered at $659,900

Location, location! Large premium corner lot on cul-de-sac in popular area of Eastlake! This beautiful home has all the bells & whistles: wide entry, soaring ceilings, 2 fireplaces, separate living, dining, family, & laundry room. Original owner; recent upgrades/remodel in kitchen, bathrooms. Including pavers in big backyard — the perfect spot for family gatherings or relaxing. Best Buy Home: all you have to add is your special touch. Don’t wait till it’s too late — this home run is going, going, gone!

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Money Monday: How Homeowners are Paying for Popular Projects

As a homeowner, you typically want to make the place your own by doing home improvements. But what projects are usually done? And for #MoneyMonday, we’ll look at how it’s paid for.

Projects are typically done on a large scale. Here’s what gets tackled:

  • 43% focus on outdoor projecs
  • 31% are bathroom remodels
  • 28% on the unfortunate home repairs
  • 26% done on kitchen remodels
  • 16% narrow in on the garage
  • 5% are about the pool

And how are they paying for it? A surprising 62% of homeowners tap into their savings! (Way to go, financially savvy owners!) For those who don’t have the cash resources, they turn to the following to cover their house project:

  • 30% use a credit card
  • 13% take out home equity line of credit
  • 10% use a vague “other” method of payment
  • 9% liquidate or pull money from investments
  • 5% use a home improvement loan

As far as what you should focus on if you’re thinking of improving your house for the purpose of putting it on the market? Here’s projects in 2017 that had the best resale ROI.

And call me if you’re selling in the San Diego County! I’d love to have an opportunity to interview for the position of selling your home! John A Silva — 619-890-3648.

This infographic can be found here at 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.

Beware Online Appraisals!

Be cautious of appraisals from Trulia, Redfin and Zillow.

More and more, online appraisals are becoming the way to get a value estimate on your property. Then real estate agents who are desperate for listings, will agree to over-price the listing to appease the seller, due to these online appraisals being overpriced. This typically only ends in an expired listing — or worse: sell the property below value, after reducing the price several times while the days on market pile up!  Due to upgrades and repairs that can cause values to vary, a physical inspection of the property by an Realtor/agent or appraiser is necessary.

home buying

To always get the right value, all you have to do is call an experienced Real Estate Agent and or appraiser to get an estimated value closer to what the home will actually sell for — resulting in selling for top-dollar.

I am here to help you — call me now: John A Silva, 619-890-3648.  26+ Years Experience & a San Diego Native.

Check out the link from recent National Association of Realtors article regarding this subject below for more on the subject: www.nar.realtor/newsroom/rethinking-real-estate-valuations-and-alternatives-to-traditional-appraisals

Money Monday: Interest rate impact

As interest rates increase, it affects home buyers’ monthly payments, as well as the amount of income needed to qualify to buy a home.

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS. 

A Home Run & One of the Best Buys in San Diego — Going, Going, Gone!

640 Beech Avenue | Chula Vista, CA

Offered at $399,900 – $435,876

BEST BUY!! FABULOUS extra-large home and property on cul-de-sac, minutes to freeway, downtown Chula Vista, schools, shopping, restaurants and ocean! This single-level has hardwood floors, is easy to convert to 3 bed, 2 bath inside without expanding outside, plus huge backyard-room for pool/spa & favorite pick up games. See this classic home today that needs very little TLC & make it just the way you want! Perfect investment — appliances transfer.

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