Tag Archives: CAR

Top 10 Most Cost-Effective Remodeling Projects

Remodeling projects with the most bang for your buck

fixer upperIf you are thinking of selling your home, you may want to consider doing a remodeling project to bring in buyer interest and garner top dollar for your home sell. But what should you remodel, especially when thinking out getting the most return on your investment?

Thankfully, the CALIFORNIA ASSOCIATION OF REALTORS has complied a quick cheat-sheet for you, based on information provided by the Cost vs. Value Report 2013 by NAR and Remodeling magazine.

In order of the most cost recouped percentage-wise, here are the top 10 most cost-effective remodeling projects:

  1. Steel entry door replacement
  2. Wood deck addition
  3. Garage door replacement
  4. Minor kitchen remodel
  5. Wood window replacement
  6. Vinyl siding replacement
  7. Attic bedroom
  8. Vinyl window replacement
  9. Basement remodel
  10. Major kitchen remodel

remodeling projects car.org

Infographic from the CALIFORNIA ASSOCIATION OF REALTORS; source: Cost vs. Value Report 2013 by NAR and Remodeling magazine.

Pre-Happy Independence Day 2014! A San Diego Real Estate Lawsuit has been settled

A San Diego Real Estate Lawsuit has been settled

buyers and sellers real estate disclosuresThis very interesting case is a mixed bag of “he said, she said” accusations and statements. All in all, when selling your home it always pays to DISCLOSE EVERYTHING  of past and present conditions, whether “latent” or “evident” and when buying a home, have thorough inspections while reviewing all paperwork from seller carefully.

In this specific case, the buyer sues the seller and agents for negligence and failure to disclose, withdraws suit to seller and buyer agent and keeps statutory failure to tell seller of defects in home since agent was selling same home for 2nd time after current seller bought home. Agent is awarded sanctions or damages for attorney fees in counter suit against buyer for incorrect lawsuit since the disclosures were provided to buyer by agent.

The following article was provided by California Association of Realtors, Real Legal Department. Continue reading

Home sellers are feeling good about real estate prices

Up from the previous year, sellers in 2013 are feeling pretty good about the current level of home prices.

43% of sellers think that real estate prices will move up in a year (while in 2012 only 9% thought that way). With time, home sellers tend to think that home prices are even more likely to rise; 58% of sellers in 2013 Continue reading

California’s Water Crisis and Laws

Water year 2013 (Oct. 1, 2012 – Sept. 30, 2013) was recorded as the driest year in California history, and 2014 is projected to be worse.faucet

Currently, 99 percent of California is abnormally dry. As a result of dry weather conditions and this year’s snowpack at 24% of the normal average, major river systems have had significant loss in surface water and ground water levels throughout the state have dropped dramatically. With two-thirds of the rainy season behind us, there is little chance for the water supply to recover. Continue reading

What Buyers Want in a Neighborhood

Easy access to the freeway. Close to work. Lots of trees. These are just a few of the neighborhood desires that surveyed home buyers said were important. Read the California Association of Realtors “one cool thing” infographic on “What do you want in a neighborhood?” below Continue reading

Good news for California homeowners facing short sales

short saleUnder regular tax rules, when a lender forgives a debt — that is, relieves the borrower from having to pay it back — the amount of the debt is taxable income to the borrower.

A homeowner who has $100,000 in mortgage debt forgiven through a short sale, for example, would have to pay income tax on the $100,000.

Continue reading

Current Real Estate Market Statistics

“C.A.R. closely monitors and analyzes trends in the residential real estate industry; the table below contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates” (www.car.org). Click here for PDF version Here’s the most current Market @ A Glance stats from the California Association of Realtors:market at a glance

How to get help with your down payment

refinancing your home

“Did you know there are programs out there that can help homebuyers with their down payments?

Consumers in San Diego County and throughout California can see if they’re eligible for any of them through a new web tool that scours for public and private aid…

…The California Association of Realtors, a real estate trade group, this week introduced a new tool that aims to make that process easier.

To access the down-payment tool, visit mortgage.car.org

Read U~T San Diego’s article in full here: How to get help with your down payment”.