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Determining Your Offer Price
After weeks of seeing homes for sale, you've finally found the house you want to buy. If you are thinking of making an offer, don’t be too anxious or act hastily. Taking your time to carefully study the house as well as the environment before...
First Steps In Real Estate Investing
With all the stories of people making tremendous amounts of money in real estate it's no wonder why so many are looking at real estate as an investment vehicle. It offers more security than the stock market, provides great potential returns, offers...
How To Make Money In Real Estate Without Buying Any Property: Become A Mortgage Broker
Will Real Estate prices keep going up or will the bubble burst?
Who knows? Either way, real estate is a risky business. Tying up all that money and having very little liquidity can spell disaster for any investor.
In any hot market there are...
Owning The House That Won’t Sell
The real estate market is hopping and houses in your neighborhood are selling like hotcakes. You, however, are stuck owning the house that won’t sell.
Owning The House That Won’t Sell
We first need to get some common anxiety issues out of the...
Realty Check In Delhi/NCR
Real estate in India is booming, and how. You can see it in the billboards of new real estate projects being promoted by builders. You can see it in the upsurge of home loans being given by banks, both national and multi-national. You can see it in...
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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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