San Diego, CA Real Estate News

By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
 San Diego Vacancy Rates the Highest Since ‘95...headlined the front page of the San Diego Union Tribune's Business section last week. Those are words that likely sent cold shivers down the spines of real estate investors, homeowners, home sellers, and potential home buyers throughout San Diego county. But smart home buyers and savvy real estate investors should know by now to read between the lines-and below the headlines.If we take the time to read the article, we immediately discover that the author is referring only to apartments complex vacancies in San Diego, not the enire rental market. The reasons for that decline include new construction competititon, failed condo conversions that are being returned to the rental market, and competition from homeowners who are adding their unso...
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
This morning's San Diego Union Tribune reports that our San Diego County apartment vacancy rate is the highest it has been since 1995. Are we surprised?Not exactly.The reasons cited for this increased vacancy rate include:1. Face-lifted condo conversions (that have no chance of selling in this market) are being returned to the rental market. The tenants who had been kicked out earlier moved on and found new homes. These projects are now starting from Ground Zero in finging new tenants.2. Unsuccessful flippers have no choice but to put their properties on the market as rentals--and this creates direct competition for apartment complexes.3. New projects have also entered the market, further increasing rental availabilities. In this writer's opinion, many of these projects were built in an...
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             Requiring effective, on time, Due diligence is at an all time high in the San Diego market...and many Escrows are paying the price for complacency.  At least in my recent transaction experience I have seen a rise in the amount of deals that, for one reason or another, are falling out of what should be a fairly routine escrow process.  In fact, buyer clients of mine in Rancho Bernardo were very excited about a recent home purchase, but after many inspections revealed termite infestation, black toxic mold, and significant water damage, they decided to cut their losses and cancel escrow.  This is what it is coming down to right now.  If a seller is not willing to meet half way on a repair request, or make the necessary fixes that a property needs...buyers are walking away to l...
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
Want to amaze your clients? Want the freedom to really misplace your phone? Want a cell phone that can fit into tight jean pockets? The amazing C3 camera flip phone from Pantech (see photo on left with phone on keyboard) measures just 1.69. by 2.72 inches and weighs in at just 2.5 ounces. It’s no fatty, either, measuring just 0.8 inches thick.  Billed as the world’s smallest camera flip phone, the C3 offers a VGA camera, interchangeable face plates, along with email and instant messaging capabilities. Currently, this little wonder is available only through Cingular Wireless—with some great pricing incentives. The  Pantech C3 features and reviews are pretty impressive.It's a cute phone, but is probably impractical for this Blackberry-addicted San Diego Realtor.  
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
I attended a meeting of top women agents in North San Diego County last week, and here was lots of buzz and much discussion about what is selling—and what is not. Aside from market issues (luxury home market is strong in coastal San Diego County and multiple offers are not uncommon for buffed homes in the $1.5 million and up range), the issue of home presentation and staging was at the very top of the list. Books could be written about all the things sellers might do to increase the sales price and decrease marketing time for their listed homes—and I know Active Rainers always welcome the advice and hints offered by our resident stagers and designers. Many of their posts could probably be compiled into what could become a best seller (hint to you, I think one of the reasons home staging...
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
Three years ago I graduated from Feng Shui training as a certified practitioner. My own home-and those of understanding friends and real estate clients- became laboratories for element and furnishing rearrangements. Entire bookshelves in my home accumulated the Feng Shui works of Lillian Too, Kartar Diamond, Karen Kingston, Jon Robertson, Suzan Hilton and other wise teachers.I have never charged for a consultation in our San Diego real estate practice, and never offer advice unless it is requested. Besides, a talented stager such as Craig Schiller will have much more to offer than I. And even if one is skeptical about Feng Shui, most would not disagree with the basic concepts.  And paramount among those concepts is SPACE CLEARING.The most important thing one can do to enhance the chi or...
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By John Norton
(EnginePromoter.com)
To understand the search engine and to use it effectively, you must first understand how it works. First, the search engine is understood as an IR scheme, or retrieval system that allows researchers, as well as web developers to use the IR to discover millions of topics worldwide. Consumers often use the IR or search engines to find products, or information that helps them to relate to particular topics. The search engine allows users to explore databases worldwide, intranet and the web. The intranet is a computerized network within organizations, which users can access only through authorized sets of requirements outlined by a single company, user, etc.When a user types in a relevant keyword into the search engine, the IR goes to work to help them match their queries to indexes. Releva...
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By Corey Roseleip
(Ascent Real Estate)
Yeah...I said it, BACK THAT THANG UP...in the form of an offer that is!!!   This is the great lesson I have recently learned dealing with my clients in a ever-changing San Diego Real Estate Market.  I am sure we all know that working with buyers today can be a PROCESS to say the least.  Definitely not a bad process, but one in which our clients know what they are looking for, and until they find it, and fall in love with it, they will keep looking.  In my past couple transactions, I have driven all over San Diego--From Pacific Beach to Carlsbad to Rancho Bernardo--showing homes, and the ones that my buyers decided they wanted to put an offer on...had just gone PENDING------AAAAAUUUUUGGGGGGG!!! Well, as we all know, Pending does not mean Escrow has closed, but rather opened--and in many ...
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
Every action creates a reaction, and the San Diego County real estate market is no exception. As home sales have cooled this past year, housing rents have risen 5.8 percent, according to the San Diego County Apartment Association. This hefty annual increase is the average rental income for all types of residential rentals in this area. That brings the average to $1237. per month. One and two-bedroom apartments are predominant in the market and have increased by an even loftier 6.2 percent, to an average of $1229.We knew it was going to happen sooner or later. Too many former homeowners have moved into rental properties to wait out the market. They join other San Diego home buyers who are waiting for the real estate market to bottom. Combine those people with others who simply choose to ...
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
    We shake our heads in wonder with the news that legendary toy store FAO Schwarz has moved into the custom homebuilding business. With prices starting at $10,000, we scratched our heads and wondered what responses might come from the likes of Toll Brothers, Hovnanian and Centex. What fun might this ultimate toy store have up its sleeve?  A little more research reveals that FAO has cleverly moved into the "mini-me" end of the homebuilding business and may have trumped Neiman Marcus for the coolest gift of the season. As an exclusive service to their customers, FAO Schwarz will now build an "exquisitely detailed scale model of your own home, beach house, or ski chalet." The process and results appear to be pretty amazing.  During the first step of the homebuilding process, the toy emp...
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
A consumer protection complaint has just been filed with the FTC against Zillow by the National Community Reinvestment Coalition (NCRC). They allege that Zillow, the "Internet financial services and real estate provider(sic) is misleading consumers, real estate professionals and financial service providers in online home valuations."Uh oh....they go on to charge that:"Zillow is placing the American dream of homeownership at risk for countless working families," says John Taylor, NCRC President and CEO. "For a company that represents to consumers that they are the 'Kelley Blue Book of Homes,' this is a very dangerous situation. We call upon the FTC to intervene and ensure that Americans receive accurate appraisals and valuation information to protect the single most important investment ...
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By Brian Brady, 858-777-9751
(San Diego VA Home Loans/858-777-9751)
Anybody who knows me will know that I ask that question a lot when it comes to getting borrowers approved for loans.  The second C of underwriting, capacity, from the Three C's of Underwriting, is fast overtaking the first C, credit, as the preeminent qualification for mortgage approvals.  Here's the reason why:Stated Income loans, once a favorite of the self-employed and commissioned borrowers have been frightfuly abused in the past 3-4 years.  It used to be that these loans required above average credit and a loan-to-value of no greater than 80% (meaning 20% downpayment).  Wall Street, in its infinite hunger for yield, started offering to securitize loans for high credit borrowers.  Mortgage bankers appeased them and thus, the birth of "exotic loans".It used to be that a borrower "sta...
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By Brian Brady, 858-777-9751
(San Diego VA Home Loans/858-777-9751)
Tonight I released the beta version of our new website about trust deed investing.I built it through register.com with their 5-page now website kit.  I have no doubt that it looks amateurish to all of you e-pros out there but I got it upand running within 2 hours.  I had nothing before.I spend a lot of time on the phone and in person networking with investors and brokers to build my private money lending business.  Now I have something to show people.  It may not be perfect but you all know the old saying..."An imperfect plan today is better than a perfect plan tomorrow (or whenever we get around to it) I'm not a tekkie.  I'm a mortgage broker.  I'll appreciate any comments you folks might have.www.SoCalDeeds.com 
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
For those times when you would like to bypass computer-managed calls and SPEAK TO A REAL PERSON without having to tap through a maze of options, keep this site handy. It is a personal favorite, but keep it under wraps because I'd hate to see the companies change their codes:Get the codes! 
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By Roberta Murphy, Carlsbad Real Estate and Homes
(San Diego Previews Real Estate)
For almost two years now, there have been serious rumblings and grumblings about Option ARM and interest-only loans that could put a number of buyers in default. I initially gave the issue detached interest, because our clients tend to be a conservative lot when it comes to borrowing. We deal with few real estate speculators and most of our clients are solid buyers of primary and secondary homes. My interest in these "instant gratification" loans is no longer a detached one, because the fallout from these ARMs is contributing to market weakness. Our conservative clients are seeing their San Diego home values stagnate or decline, in part due to these lending practices.   It has been reported that 7 out of 10 option arm borrowers are sticking to the minimum payment schedules--and in so do...
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