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Avoid mistakes that could cost you thousands.
Selling your home can be an exhausting experience. Last minute walk throughs, inconvenient calls, price adjustment and the possibility of being stuck with two mortgages are real concerns. If you are not completely prepared you could end up losing...
Home Sellers Warning: Do Your Math Homework
If you're thinking about selling your home and moving up to a larger home, do your math homework before offering your home for sale. Read the following story to see what can happen to home sellers who don't do their math.
A young family sold...
How To Sell Your Own House
With a robust real estate market, selling a house isn’t particularly difficult. Here’s a primer on how to sell your own house.
How To Sell Your Own House
First and foremost, you need to educate yourself on how real estate transactions happen....
The Secret To Marketing Your FSBO Home For Sale
You’re ready to put your home or land (house, townhouse, condo, apartment, farm, ranch, finished lot, raw land, etc.) on the market as a FSBO (for sale by owner). You’ve priced your property appropriately and gotten it ready to show. How are you...
Unlocking Your Dungeon: How to Finish a Basement Without Finishing off Your Checkbook
One thousand square feet, fifteen hundred square feet, three
thousand square feet--however big your home is, you know it
could always be a little bit bigger. Whether you're in the
throes of parenthood and trying to find spaces to stash...
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San Diego Real Estate – Reading Between The Lines
The Change in one of the nation's hottest real estate markets may be a sign of a Nation wide trend!
Just this summer it was almost impossible to find a new San Diego real estate development that
cooperated with real estate brokers. If you could find a developer co-opting, it was most likely way below the traditional 3% rate.
Well, just a few short months have passed and a current read of the Sunday homes section of the San Diego Union Tribune shows that though the real estate market does not make discernible moves in a day like the stock market, a couple of months can easily define the local real estate trends.
Here are just a few of the incentives noted in the home section of a very recent Sunday’s paper: 4% broker co-op, free plasma screen TV, $1,000 off closing costs, $2,500 in design center upgrades, $10,000 in incentives, one year HOA fees paid, $5,000 in closing costs, $2,000 closing cost credit, washer, dryer & refrigerator included, $25,000 in incentives or cash price reductions, $1,000 gift certificate, and no HOA fees for 2 years!
The grand opening long buyer lines, multiple offers, offers above the asking price and homes selling within days of being listed are just fond memories now. However, due to the huge home appreciation all San Diego real estate has seen, with the average home up 100% in the past 5 years,
combined with the boom in 100% adjustable/interest only loans, the stage is set for what is sure to be mind-numbing depreciation.
Yes, we have started on the down leg of the typical ‘Bell Curve’ and the probability of surpassing our approximate 20% drop in San Diego home values experienced from 1990 thru 1996, seem assured. Plus, as real estate trends seem to start in the West and than move east, any U.S. real estate market that experienced huge price appreciation the past five years, will experience the same depreciation in real estate residential values.
Copyright 2005 Promotions Unlimited - All rights reserved
About the Author: Bob Schwartz, CRS,GRI, is a Certified Residential Specialist San Diego real estate broker http://www.Brokerforyou.com with over 27 years experience. Bob's other sites are about San Diego downtown condominium real estate activity at: http://www.downtown-san-diego-real-estate.com & A free website award site at http://www.web-site-award-winning.com/
Source: www.isnare.com
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