San Diego Real Estate

Blog about San Diego Real Estate with market updates, new listings and tips on buying and selling. Provider: Weichert Realtors Elite Feed Type: Residential [report]

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Response Time
Making an offer on a home is an exciting time for a buyer and usually would like to know when they will get a response on the offer.  Every situation is different but here are some ETA's depending on the type of sale.Traditional Seller - By default of the Purchase Agreement, an offer will Expire in 3 days.  But a buyer has an option to make it shorter or longer.  For example, a buyer can have the offer expire the next day at 7:00 pm or next week at 12:00 pm.  The sellers resp...
03/15/2010 07:14 PM

Deal Killer!?!
After looking and making offers on many homes, you finally got one into Escrow.  Everybody is happy until the Appraisal comes in.  "What!  The home appraised $25,000 less than what I am buying it for.  What do I do?"  This situation is happening a lot these day because of all the good homes with multiple offers and to win the home, buyers need to make a strong offer.  So lets get back to "what to do".  One thing a buyer can do is cancel.&nbs...
03/09/2010 02:59 AM

Websites To Know
After doing a blog providing the website links to the FHA and VA complex approved lists, I thought of other websites that may be handy for buyers.  Here are 2 website links for Schools:http://www.schoolmatters.com/ http://www.greatschools.org/ Whenever I have clients ask me about the school system, I like to refer them to these websites.  Both of these sites give information about the school and even some reviews.Now here is a website link to get information on the amenities around a p...
03/02/2010 03:44 AM

FHA and VA Approved
With FHA and VA loans being the most popular loans being used today, many condo buyers are wondering how to find out if the condo complex is FHA or VA approved.  Easy, there are websites to look up if the condo complex is FHA or VA approved and here are the links.FHA Approval Site:  https://entp.hud.gov/idapp/html/condlook.cfm VA Approval Site:  http://condopudbuilder.vba.va.gov/2.2/frames.html Really, the buyers Realtor and Loan Officer will be doing the research but if the buyer...
02/19/2010 03:11 PM

Mira Mesa Market Update - 2/16/10
Here is a Market Update for Mira Mesa. Active Status50 Detached Homes and 28 Condos or Townhomes Contingent Status45 Detached Homes and 50 Condos or TownhomesPending Status67 Detached Homes and 62 Condos or TownhomesAverage List Price to Sold Price Difference (%)of Homes Sold in the last 30 DaysFor Detached Homes - 15 SOLD ListingsAverage List Price: $384,845Average Sold Price:  $397,926Sellers are getting around 3% More from List Price For Condos or Townhomes - 18 SOLD ListingsAverage List...
02/16/2010 03:48 AM

Scripps Ranch Market Update
Here is a quick Market Update for Scripps Ranch.  I love doing these because 6 months from now, I can look back at these numbers and compare.Active Status48 Detached Homes and 28 Condos or Townhomes Contingent Status18 Detached Homes and 30 Condos or TownhomesPending Status47 Detached Homes and 32 Condos or TownhomesAverage List Price to Sold Price Difference (%)of Homes Sold in the last 30 DaysFor Detached Homes - 15 SOLD ListingsAverage List Price: $638,900Average Sold Price:  $622,1...
02/10/2010 05:17 PM

Pre-Qualified vs. Pre-Approved
This will be a quick blog but I wanted to tell a brief difference of being Pre-Qualified and Pre-Approved.  Basically being Pre-Qualified means the buyer told the Loan Officer his/her financial situation (debts, assets, income and down payment) without providing the documents which usually happens over the phone or internet.  To get Pre-Approved, the buyer provided all those necessary documents, completes the Loan application and the Loan Officer runs a credit check.  And that is ...
02/03/2010 03:55 AM