Tag Archives: neighborhood

Technology vs Community

A high-tech life seems to leave people disconnected to community.

Do you agree?

Technology vs Community

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS (at CAR.org).

Money Monday: The housing affordability for good schools

For many in California, homes are not economically affordable in good-school areas.

“RealtyTrac analyzed school test scores for nearly 27,000 elementary schools in more than 7,200 U.S. zip codes, along with home price affordability in those same zip codes.” (RealtyTrac. http://www.realtytrac.com/news/home-prices-and-sales/realtytrac-2015-good-schools-and-affordable-homes/). Then they took a look at those zip codes with good schools; “‘good’ is defined as schools that post higher-than-average test scores for their given state” (http://money.cnn.com/2015/11/19/real_estate/neighborhoods-good-schools-affordable/index.html?section=money_realestate). In the 1,823 zip codes with at least one good school, they found that 65% (1,192 zip codes) were unaffordable for those with average incomes for the area, meaning that they would have to spend more than one-third of their income on housing.

For those in the San Diego – Carlsbad areas, the good school that RealtyTrac analyzed was Einstein Academy (with a 1.37 test score in 2014), and the relational zip code being 92102. At an average sales price of $320,000, homeowners spend an average of 40% of their income on housing.

San Diego Carlsbad sales price and test score

RealtyTrac’s Most Affordable Good-School Zips by Metro map, focused in on San Diego.

If you are interested in reading more on this, go to RealtyTrac’s article on the information they found here: www.realtytrac.com/news/home-prices-and-sales/realtytrac-2015-good-schools-and-affordable-homes.

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

Top 10 Overlooked Homebuyer Questions

What to ask when buying a home

Thinking of making that exciting dream home purchase? I’d love to help in your search for a home to buy — give me a call! 

However, there’s a few questions that should be asked of the seller/seller’s agent — as a homebuyer, you always want to be informed! Some of the main things to consider Continue reading

Home seller pitfalls to avoid

Six years after the market peaked in 2006 and prices started to decline, many sellers are still in denial about the current market value of their homes. It’s difficult for most sellers to accept the reality of today’s home-sale market, whether they bought at or near the peak and will lose money selling today, or bought decades ago but are still stuck at 2006 prices.

One homeowner recently remarked that she was aware that home prices had dropped quite a bit over the last five years. But she felt that her home hadn’t lost any value.

It’s hard for homeowners to divorce themselves emotionally from a home they’ve enjoyed. But this is what sellers need to do so that they can make rational decisions about a list price that will actually result in a sale.

This decision should be based on listings that have sold in your area that could be considered somewhat comparable to your home. Some sellers go to open houses to evaluate the competition. If you’re still emotionally wrapped up in your home, the exercise can be futile. You return home feeling that the other homes aren’t as good as yours.

home sellersPut yourself in the buyers’ shoes. This is easier for sellers who are also buying in this market. They know what it’s like to want to make sure they’re getting a good deal. Your house needs to be listed at a price that is enticing to buyers because it represents a good value. In most areas, buyers are buying in a market knowing that prices may continue to decline before the market fully recovers.

HOUSE HUNTING TIP: Be wary of real estate agents who tell you that your home will sell for a higher-than-supportable price just to get the listing. Then they work on you over time until you reduce the price to market value. Agents refer to this as buying a listing.

It’s hard to resist the temptation of trying for a higher price than the comparable sales indicate. However, you won’t be happy if your home is on the market for months with no activity, and each time you drop the price it feels like too little too late. You can end up selling for less later if home prices in your area are still declining.

Refinance appraisals are notoriously inaccurate in terms of market value — either too high or too low. An appraiser is attempting to gauge what price a buyer would pay when there isn’t a ratified contract that states what a buyer will pay. A high refinance appraisal can leave the seller with a false expectation.

Listing your home based on what you want or need to net from the sale won’t motivate buyers to pay more. Buyers pay market value. They’re won’t overpay in today’s market.

Find out what buyers are looking for in your area and see how your home matches up to their expectations. Generally, today’s buyers are looking for a home that is well-located, in good condition and is priced right for the market.

If your home needs a lot of work compared with the competition, you’ll either need to have work done before selling, or discount your price accordingly.

Walkable neighborhoods are highly desirable in some areas. If your home doesn’t offer this amenity, you may have to make a price accommodation.

THE CLOSING: For best results, be realistic about the current market value of your home and what preparation it needs in order to sell successfully in today’s market.

Dian Hymer is a real estate broker with more than 30 years’ experience and a nationally syndicated real estate columnist.

This Weekend’s Event: The Taste of North Park

Taste of North ParkHave you heard of the Taste of North Park, in San Diego?  This event sounds fabulous–with tastings from diverse chefs from all different restaurants.  If you’re free on Saturday (event is from 11am to 4pm), this may be a great event to plan on going to.  Here are the details from the official website (www.TasteofNewport.com):

Delight your appetite and let it guide you at the 3rd Annual Taste of North Park.  On Saturday, October 8th, 2011 from 11:00 AM to 4:00 PM, the charming neighborhood of North Park welcomes gourmands to partake in the season’s most memorable dining event. Fresh local seafood, buono Italian pastas, flavorful ethnic plates, All-American favorites, tantalizing sweets and devilishly delicious drinks can all be experienced within this cozy San Diego neighborhood.

Feed your hunger while also feeding your creative side, by stopping into the North Park boutiques and art galleries offering free samplings of a variety of locally-made microbrews and ales.

Tickets cost $30 prior to the day of, while costing $35 at the door.  You can buy tickets here.