Tag Archives: brokers

Get Moving!

Get Moving: July 4, 2012 has Fireworks in Real Estate?

The latest news as we head past the mid point of 2012 in real estate locally in San Diego shows increases in values, currently pushing the validation of the second quarter statistics even further forward as we settle into the hottest selling season of the year. Interest rates are at historical lows below 4% fixed-rate for a 30-year mortgage, so if you are thinking of buying but are still on the fence, GET MOVING! And if you are wondering if it is time to explore moving up or scaling back from your current space, let me repeat myself–GET MOVING!

Every real estate transaction, whether on the buying side or the selling side, is unique as far as the situation. Because of that, your experienced real estate agent or broker should assist you, as the client, in the appropriate direction. If there is any hesitation of what the best course of action is, it may be time to interview another agent. If this is the case, I would like to interview for the job of being your agent now.

My latest experience involved me selling a rehab home for the out-of-state owners, who owned it free and clear. I was able to reap, I am proud to say, the highest value for the zip code! This, on top of the fact that the comparable properties had depressed values and the neighbors were skeptical, but who are now thrilled because I just raised their value considerably. The market is on the way up, thus making it the perfect scenario for you as a buyer or seller to GET MOVING!

For two other clients of mine that I am in the process of helping buy homes; one listed to me, accepted my advice, and is under contract–while the other wanted to veer away from my recommendations and, sad to say, they are not happy because they did not get the property. It is not all about price, it is the big picture; including: getting repairs done and even new appliances put in the property–but I will get you the best shot at the best results! In obviously over-priced homes, there again is nothing to worry about, because I know how to weave through that. All situations are different when buying or selling; however, when you have an agent who has over 20-years of full-time experience in this industry, then your odds of winning always go way up. Wouldn’t it be in your best interest to HIRE the BEST of the BEST?

NOW is the time to GET MOVING and make sure your back is covered!! I am available now; you can search current properties on my website: www.JohnSilva.com–and give me a call to schedule some showings!

In closing, my sincerest wishes for a safe, blessed and happy 4th of July to you and yours, and especially thanks for our forefathers whose example we continue to emulate with the True Heritage of this great nation called America, lest of all we best not forget our military–past, present, and future who contribute in sacrificing their body, spirit and ultimately their lives for US ALL! God bless!

10 DIY projects to sell your home faster

Paintbrush | Photo by Alan Cleaver

Photo by Alan Cleaver

“With the troubled housing market of the past five years and banks still reluctant to lend, its no wonder homeowners hoping to sell are sitting on the market for months at a time. Buyers, meanwhile, are trying to find a balance between their dream home and one that’s affordable.

For those trying to sell a house, what are some quick and easy DIY projects that can help sell your home faster? We asked experts to share step-by-step instructions for completing projects bound to modernize your home, from resurfacing cabinets to eliminating home odors to re-caulking bathroom grout.

1. Create a welcoming entrance
If you don’t immediately impress potential buyers as they enter the home, you’re setting yourself up for a tough sell. Creating a welcoming entrance is arguably the most effective way to sell your home faster…

2. Mulch
Applying mulch to your front and back yards is another inexpensive way to make your home more appealing to buyers…

3. Eliminating odors
You may not notice odors in your home, but prospective buyers will…

4. Resurfacing cabinets
Replacing your cabinets is undoubtedly a major expense and will likely require a professional to complete. Resurfacing your cabinets is a cost-effective way to spruce up your kitchen, though…”

Read the rest of this article by Yahoo! Homes here: “10 DIY projects to sell your home faster”.

For Sale: 1574 La Corta St, Lemon Grove

Just Listed! Best Buy!! Views, culdesac, private! New paint outside. 2-car garage. Buyer to satisfy self of all permits and square footage of house/lot. Short Sale.

Please give me a call at (619) 890-3648 or email me at JohnASilva@sbcglobal.net for more information or to view the home.  You can also go to postlets.com for more details.

Taxes, real estate, and marriage: ’till death do us part

Taxes, real estate, and marriage: ’till death do us part

In the aftermath of tax day, specifically personal taxes, some people have a sigh of relief while some people are devastated. We cannot all avoid some emotion for this day whether we filed early, at the last minute, or are prolonging the agony with an extension. I would say that if someone is experiencing agony, their taxes are usually always postponed and prolonged. Why is this?

In marriage, with the highest divorce rates ever, is it not the same result as in taxes by delaying the inevitable if there is a problem? The procrastination of not addressing a problem or not thinking it is a problem when the other spouse does, spells disaster.

In real estate, I also see similar scenarios: with most people waiting ’till the last minute, whether trying to keep their home with a bad loan that’s worth more than the actual house, while days or weeks away from a foreclosure. Or with false hopes of keeping the property and thinking that they will get the modification done or that better yet, a miracle will happen and their loan will go away! While all these positive results are possible, isn’t it also possible to win the lottery? Your answer of “yes” is correct, but unfortunately the answer of “unlikely” is also correct. Unrealistic expectations rarely add up.

Anyone who has married knows they take a vow of “’till death do us part”, while taxes literally follow you until death and could even lower your estate in the process after death.  In real estate, some people have the notion that they will not leave their home unless they are dead! My take on this is that many people just do not see the big picture. I ask the question again: Why is this?

Everyone knows that life and everything on this earth is not forever–taxes, real estate, marriage–but still want to hold onto everything in it. We are all guilty of this, and yet we all know the reality deep down inside. If everyone told their friend going through the rough bumps in life that they knew of someone right here that could advise them on their situation, and has the experience and record to back it up, wouldn’t that make a difference in that person’s life?

I work with attorneys and accountants, and am a seasoned real estate professional that will handle your situation as if it were my own. Won’t you call? I am here to help 24-hours a day, your Realtor in Action–call now, or better yet: “Just Do It!”

– John A. Silva

(619) 890-3648

NAR: 2012 home sales will be strongest in past 5 years

The NATIONAL ASSOCIATION OF REALTORS® is predicting existing-home sales will jump 7 to 10 percent in 2012 to the highest level in five years, based on an “uneven but higher sales pattern” so far this year.

Pending home sales fell a seasonally adjusted 0.5 percent from January to February, which was up 9.2 percent from the same time a year ago, NAR said in releasing its latest Pending Home Sales Index.

NAR also reported a similar trend for existing-home sales, which were down 0.9 percent from January to February, but up 8.8 percent from a year ago.

The pending sales data released today provides a glimpse into more recent trends, because it tracks homes that were under contract in February — deals that will in most cases be finalized within one or two months.

NAR said 31 percent of REALTORS® experienced contract failures in February, in some cases because buyers’ mortgage applications were rejected or because appraisals came in below the negotiated price.

In the Northeast, NAR’s index slipped a seasonally adjusted 0.6 percent from January but was up 18.4 percent from a year ago.

The Midwest saw a month-over-month gain of 6.5 percent and a 19 percent gain from a year ago.

Pending home sales fell 3 percent in the South from January to February, but were up 7.8 percent from a year ago.

In the West, the index declined 2.6 percent from January to February and was 1.8 percent below the index rating in February 2011.

In its latest economic forecast, NAR predicts existing-home sales will total 4.65 million in 2012, up 9.1 percent from last year. That forecast assumes that the U.S. economy will grow at a 2.3 percent annual rate and add 2.7 million jobs this year.

Buying is winning the lottery

With the current residential real estate market for buyers in the throngs of a literal feeding frenzy, due to the rising infestation of investor buyers, the buyer looking to buy a home for their family to live in is having massive competition.

While inventory is currently contracting and sales are on the rise, six months from now we will know for sure if the market will be positive–meaning that values will finally be officially on the rise. There are some areas that are seeing an increase in values.

I have several listings that range in the low price ranges of $200’s, to $600K — and  these are seeing multiple offers from investors and owner-occupied buyers.  This makes it tough on the buyer purchasing for a family as a first-time buyer who do not have a lot of money to put down. There are up to 10 offers in a matter of a few days on almost all properties now.

This scenario should continue making this a very frustrating time for the first-time,  FHA government & conventional low down payment, or Military Veteran no down payment buyer. This group has to compete with the “all-cash” and 20%+ down payment conventional loan buyers, who usually win due to the restrictions on condition of property by the government loans like FHA and VA, or the low down conventional investor guidelines.

So, how does the low-money-down buyer get in a position to win the property for the buyer who has to compete with the big money buyer? Make sure you are interviewing your perspective agent on how this process will be handled. In this market, this is necessary not only for sellers, but also for buyers. Repairs or a price reduction in a short sale can be done and I can show you how.

Experience is GOLDEN!! Properties having no equity to several liens, a bankruptcy, etc. will not close with an average or most experienced agents, whether representing a buyer or a seller. I have helped several listing agents while I represent a buyer get the property sold in these scenarios.

Whether buying or selling, you owe it to yourself to call me now. The time is now to buy and you will have the most success and satisfaction with the agent who can maneuver through the maze while leveraging you the best deal. I am here to serve you to make sure you WIN the LOTTERY!

Thank you for reading and God Bless.

For Sale: 838 Parkbrook St., Spring Valley

This property is a great find! Large fenced yard, Upgraded inside home, Large fenced yard and 2-car garage, low traffic area! Home is a light to moderate fixer-call agent for details. Square footage in tax rolls is incorrect. Short Sale

Please give me a call at (619) 890-3648 or email me at JohnASilva@sbcglobal.net for more information or to view the home.  You can also go to postlets.com for more details.

 

For Sale: 3033 Columbine St., San Diego