Tag Archives: property

Buying real estate for first-time and repeat homebuyers

Why should you buy real estate?

For repeat and first-time homebuyers, the different reasons to buy a home have various degrees of importance.

Here is what’s most important to first-time homebuyers:

  1. They’re tired of renting (55%)
  2. They’d like a larger home (10%)
  3. They want to be in a better location (9%)
  4. They’ve had a change within their family (7%)

And for those moving up, these are the reasons in order of importance:

  1. They’d like a larger home (23%)
  2. They desire a better location (19%)
  3. They’re tired of renting (9%)
  4. They’ve had a change in family status (4%)

Why Buy

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS, at car.org.

Springtime Gardening Tips

As we enter the fourth month of the year we can already see the drab hues of winter begin to give way to the promise of a colorful spring.

yardWhat better way could there be to celebrate this fertile and exciting time of year than to work on improving your garden? Gardening is a relaxing and fulfilling activity that the whole family can enjoy together. Plus, a rich and colorful garden can greatly add to the aesthetic beauty of your home. I’ve compiled some tips that you should keep in mind when attending to your yard this spring.

Don’t over water!– Horticulturist, Mitch Hoyles of Western Garden Nursery says the biggest danger at this time of year is over watering. “Now is the time when we have to start watering, and most people water way too much,” Hoyles said. Roots need air in order to grow. Clay soil must be allowed to dry between watering, so the water can be replaced by air to nourish the roots.

Watch your step – Make sure you don’t walk on delicate flowerbeds when they are saturated. Wait until the soil dries. If you compact the soil by stepping on it when it is wet, you run the risk of damaging new growth.

Spring-cleaning, for your yard – Pick up old leaves, broken branches, and debris accumulated during winter. Cut back any perennials that you have. Trim shrubs, and any other excess growth.

Tune up your tools – Sharpen mowers and clippers so everything is ready when things start to grow. Make a note of what’s missing and order tools for the new season of growth.

Check on your soil – Check soil pH with a Home Soil Test Kit, taking several samples from different planting areas for an accurate reading. Enrich soil as necessary. Add dolomitic lime to raise the pH, or elemental sulfur to lower the pH.

Don’t forget to fertilize – Apply balanced fertilizer (6-6-6 or 8-8-8), fish emulsion, or other soil enhancements suggested by soil-test results around trees and shrubs when new growth appears. Spread high-acid fertilizer and pine-needle mulch around acid-loving shrubs like azaleas and camellias. Begin fertilizing perennials when active growth resumes.

With a bit of luck and hard work your garden will be the envy of the neighborhood. By the time summer rolls around, you’ll be able to relax in your garden in comfort and style as you sip your favorite beverage and enjoy the beautiful environment you have created for you and your family.

Million Dollar Homes Going Up: bring on the bling!!

Million-dollar homes in California are making a comeback, selling for a million dollars or more, many rose to their highest levels in 7 years in the past few months. The luxury market continues to do best in the plus $2-million dollar mark and San Diego is definitely holding its own while competing with the top-dog cities in California for bragging rights or more importantly, the shiniest bling!!

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The Latest Trends in Pools

This is the time of year when people who don’t have pools suddenly realize the advantages of having one. Whether you are considering putting one in in time for next summer, or just want to fantasize about your dream pool during these last long days of summer, here’s a look at some of the top trends in pools:

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San Diego real estate prices increase

Prices in the San Diego real estate market increase in January 2014

housing market trendAccording to the S&P/Case-Shiller index, the San Diego housing market had a price appreciation at the beginning of the year — which happens to be the biggest gain in any January since 2004.

From December 2013, prices overall increased 0.6 percent. For the nation, San Diego is the most improved area for year-over-year performance (20 U.S. cities were measured by the S&P index).  In San Diego, the January price average increased 19.4 percent from last year in the same month.                  

“Also noteworthy: The inventory of homes for sale in the county jumped 44 percent to 6,099 active listings, according to the San Diego Association of Realtors. However, that’s still below the 8,000 to 9,000 listings seen in more typical markets, and well below the 14,000 listings near the 2005 peak” (U-T San Diego, “Heat returns to San Diego housing market”).

Read more about San Diego’s current housing market in U-T San Diego’s article here.

Become the Expert Clients Need

Serving you as my client is about creative problem solving! What’s your situation? I can help!

Because of my years of short sale experience, I had the honor of being featured in a recent National Association of Realtors’ article:

“Sure, being known as an expert can set you apart. But if you have to tell people you’re an expert, you probably aren’t one. Here are some tried-and-true tips for practitioners looking to gain the expert advantage…

John A. Silva, a sales associate with Berkshire Hathaway HomeServices California Properties in La Mesa, Calif., became a short sale specialist to survive the down market when he entered the business in 1992.

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Five real estate tasks best done early

While I’m a big proponent of avoiding premature real estate moves, there are a number of tasks that are best done before you think they need to be. These are things that tend to take longer or often turn out to be more complex than people plan for.

Please, give me a call if I can help you in your home shopping process in any way! (619) 890-3648

1. Check your credit. Everyone knows that you should check your credit, or have your mortgage broker do it, some time before you get ready to start house hunting. What people fail to factor in are the real-life turnaround times on rehabbing your credit in the event there are errors, fraudulent entries, balances you need to bring down, or trade lines (credit accounts) you need to build up in order to qualify for a home loan.

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Five things to know about a home before committing to buy

Your due diligence inspections should include more than hiring a home inspector to look at the home and reviewing a current termite inspection. And your due diligence should start as soon as you have serious interest in a listing.

Making an offer to purchase a home consumes a lot of time and emotional energy. Before your real estate agent or attorney puts pen to paper, find out as much about the property as you can. In particular, you want to know if there’s any reason you shouldn’t try to buy the house.

Seller disclosure requirements vary from state to state, as does real estate practice and protocol. Find out if there are any seller disclosure statements and presale inspection reports. If there are, ask to see copies before you write an offer.
buy homeIn some areas, it is standard procedure for listing agents to provide a disclosure package that includes any existing reports and disclosures to interested buyers before they make an offer. In other areas, reports are made available only after the buyer and sellers have negotiated the purchase agreement. Get ahold of as much information as you can about the physical condition of the property as soon as possible.

After you review the seller’s documents on the property, you may discover that the home you find so appealing requires a far bigger investment in repair work than you can handle or afford financially. In this case, move on to the next property with no remorse. You’ve saved yourself from hassle and heartbreak.

On the other hand, if the reports and disclosures fall within your expectations, move on to investigating the local neighborhood. On closer look, you may discover that there are several large apartment buildings that back up to the house you’re interested in buying. This might create a noise factor. If you’re sensitive to noise, you might not be happy living in the property you’re considering.

Buyers sensitive to crime should check with the local police department to see if the neighborhood is being hit by waves of break-ins. Drive by the property several times during daylight and evening hours to see if the complexion of the neighborhood changes in any way that is disadvantageous to you.

Commuters should drive from the property to work and back during rush hour, and check into all the public transportation options that are available in close proximity. If you’re intent on buying within walking distance to shops and cafés, find out how long it takes to get from the house you think you want to the nearest commercial area.

HOUSE HUNTING TIP: It’s wise to include an inspection contingency in your purchase offer so that you have a time period to complete whatever inspections of the property you deem necessary before committing to move forward with the purchase. This is recommended even if the seller has completed presale inspections.

Some buyers who have confidence in the seller’s home inspector hire that inspector to do a walk-through inspection with them so that the inspector can explain his report and answer any questions. The fee for this sort of inspection will usually be less than what the seller paid for the initial inspection and written report.

Don’t skip inspections to save money. It could cost you plenty in the long run if uninspected items turn out to be faulty and you have to pay to repair them.

Order a home inspection as soon as possible after your offer is accepted by the sellers. Most home inspections include recommendations for further inspections. If you don’t have the home inspection done early, you may not have enough time to complete all the further recommendations recommended, like roof or drainage inspections.

THE CLOSING: If you run out of time, ask the sellers for an extension.

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