Golf Tournament Re-Cap

Last Wednesday marked the 1st Annual HomeReach.com “One Round. One Cause.” Golf Tournament Presented by PING. We would like to thank everyone who came out to play, volunteer, sponsor and who attended the dinner and wine tasting banquet. It truly was an incredible event which brought awareness and raised funds for a phenomenal organization; Solutions for Change. We look forward to sharing our upcoming events for the rest of the year with all of you, which are all part of the “Your Home. Our Community.” Campaign. Click on the album below to view pictures from the golf tournament! Once again, thank you to everyone who enabled this day to take place!

One Round. One Cause. Golf Tournament

Ring Out the Old!

happy-new-year-2009With a fresh and hopeful New Year spread out before us, let’s take one last brief look back over our shoulders. Here’s a peek at the December 2009 coastal homes market in Encinitas, Solana Beach and Carlsbad:

The average List Price, out of 370 “Active” listings, was $1,445,000, whereas the highest List Price was $17,000,000! The average List Price of homes in “Contingent” status was $625,500. Reviewing the 60 “Pending” sales, $853,000 was the average List Price. Of the seven homes “Sold” in December, the average List Price was $540,000, and highest List Price was $875,000! Sale prices of “Sold” homes ranged from about $435,000 up to $775,000. That was just December!

Ring in the New!

Hot Encinitas Foreclosure: A four bedroom, two baths home with 1800+ square feet is offered at $525,000. Click here to view.

New Carlsbad Listing: Bank Owned two bedroom, two bath condo, built in 2001, with views of lagoon, $419,000. Click here to view.

Solana Beach Foreclosed Beauty: Spacious five bedroom home near golf course and beaches, $849,000. Click here to view.

More Information on  Encinitas Foreclosures.

Contact your Specialized HomeReach.com Agent,

Bonnie Maffei

760-730-2191

Santaluz – a “Must See” community in San Diego!

rancho-bernardoSantaluz is San Diego’s premier family oriented  golf course community.  It is because of it’s elegance, it’s friendly neighbors, and it’s wide open spaces that so many people are choosing to raise their family in Santaluz.  It has a great location, sandwiched between Rancho Bernardo and Rancho Santa Fe, and it offers great affordability compared to the golf course communities around it.
Santaluz’s architecture and landscape is an authentic early California look and its center piece is the beautiful club house and hacienda.  If anything, go to Santaluz just to see this.  You will not leave unsatisfied, especially if you get a massage at the spa which Riviera Magazine voted the best in San Diego County.  You may also join a foursome and play a round on the Rees Jones Championship golf course.
One of the real advantages to Santaluz is that the property is all in relatively good shape and new.  Your money also takes you further than in some competing neighborhoods.  Homes for sale in Santaluz range from $750,000 to $5,500,000.  The smallest homes are 2,300 square feet and the largest exceed 10,000 square feet.  Really the bottom line is that if you are looking for a home built in the last couple years, in a gated community and with a private golf course than Santaluz is a place you simply have to see before you can buy.
If you would like a tour and access to all the amenities in Santaluz please call Daniel Beer at 858-337-7409 and I will be very happy to make it happen for you.  I am also very knowledgeable on all Santaluz homes for sale and will be happy to share any info with you that you may need.

Daniel Beer
Santaluz Specialist
(858)337-7409

There is a new “NORM” in Real Estate…

200310310-001The way of Real Estate is changing and different things are becoming the new “NORM”. The star of housing sales has been the first-time home buyer credit; with more than 1 million households using the credit since it was enacted a year and a half ago. With this credit, it has given first-time buyers the motivation to purchase even in a distressed market. Distressed sales will account for nearly one-third of sales, inventory will be relatively lean and the state’s median home prices are forecasted to reach $280,000 in 2010. Even with the median home prices increasing, sales in 2010 are projected to decrease from 527,500 units, compared with 540,000 units in 2009. This low-end market is attracting first-time home buyers and investors, resulting in a shortage of homes for sale. Sellers at the high end, however, are seeing the challenge of home buyers securing financing as well as their concerns about where prices are headed.

Looking for a Property in North Park contact…

Justin Johnson

mobile: (619) 618-5513

Let the Buyer Beware…

nov-just1When buying a home let the buyer beware. You need to dig beyond the preliminary title report. When purchasing a foreclosed home be cautious of whose house it is and who you are dealing with. You want to be certain that you are dealing with all the owners, as well as with the actual owners. An endless amount of people are gaining access to foreclosed and vacant homes, acting as if they are the owners. Unsuspecting and trusting buyers and tenants are being left with nothing; having deposits, option payments and rental payments stolen. It is always a good idea to check the record title to confirm that the parties who claim to own the property actually do. A careful review of the PTR will reveal any devastating claims. When it comes to monetary liens they are often recorded against a property. The buyer needs to disapprove of all monetary liens and require that the property be free and clear of liens by the close of escrow. Keep a watchful eye when it comes to transferring of property. Make sure documentation is clear that escaped assessments are the responsibility of the seller to pay, unless the parties have negotiated otherwise.

Looking for a great property in Hillcrest contact…

Justin Johnson

mobile: (619) 618-5513

The HomeReach Weekly: 10 Simple Steps to Go Green and Save Green at Home

Follow these easy steps that help the environment, and your wallet!

I love this time of the year because it reminds us to be thankful for what we have, who we share it with, and the opportunities that are open for us. In the spirit of giving, I’d like to share the following easy steps that anyone can take at home that will instantly save energy, therefore save you money, not to mention it’s good for the environment. Soon, new homes for sale will have to disclose an energy rating given by a licensed energy auditor showing how much energy the home consumes. This will let buyer’s know how much the home costs, on average, to run. The lower the cost, the more attractive it will obviously be for a buyer. Say for example, 2 homes, both on sale for $500,000. The difference? The first home uses an average of $500 / month in energy. The second home uses only $250. This will very quickly play a larger role in our home buying and selling process.

10 STEPS TO GO GREEN AND SAVE GREEN

1. In the winter, lower your thermostats 3-5% degrees more than usual and dress appropriately. Lowering the temperature just a few degrees can save you 25% on your heating costs!

2. Run your dishwasher and washing machines only when completely full. Fewer loads mean less energy and water. Use the air dry feature instead of the heat dry.

3. Wash your clothes in cold water!! 90% of the energy in a washing machine goes to heating the water.

4. Unplug appliances when you’re not using them, like toaster ovens, blenders, electric water kettles, hair dryers, TVs, computers and DVD players. Yes, they continue to use energy even when they are off. Use Smart Power Strips that sense when the appliances are off.

5. Buy an energy meter. They are only $20 and you can buy one at Costco. You place the meter between your appliance and your outlet and it shows you exactly how much energy and money it costs you in real time to have it on, and even off. Being more aware is one of the best ways you can save energy!

6. Replace your standard light bulbs with compact fluorescent light bulbs, known as CFLs. CFLs are extremely affordable now, there’s no excuse not to use them. They save you up to 75% on your lighting costs and the bulbs last much longer! If every Californian replaced just five standard bulbs with CFLs, it would be like taking 275,000 cars off the road!!

7. Use a water filter to purify your tap water instead of buying bottled water. Instead of expensive and environmentally toxic plastic water bottles, buy yourself a durable, reusable water bottle to take to work or the gym. Did you know American’s use up 10,000,000,000 water bottles each year! You read that correctly, 10 Billion water bottles a year.

8. Close air vents in rooms you don’t use. This will allow the hot or cold air you are pumping to reach you faster and more directly without dispersing (like a leak) into other rooms you don’t need to heat or cool. You’ll use the heating/cooling systems far less time this way, saving you money instantly.

9. Replace your air filters! Most people forget to ever check them. A new air filter costs $5 at Home Depot! Air filters are meant to be changed out. They accumulate dust and eventually block the airflow substantially, making your systems work much harder to get the air to reach your room.

10. Think before you print and pay as many of your bills online as you can! This will save you money in checkbooks, envelopes and stamps, not to mention things get lost in the mail all the time, so you eliminate late penalties too! Notify as many mailer companies that you don’t want to receive their spam anymore. For all of you new home buyers out there, you’re probably still receiving a lot of mail from the previous tenants or homeowners. Make sure you notify the post office ASAP of this and try to notify the old occupants.

Lastly, you can share this article with your friends and co-workers. They’ll thank you for saving them money. And let’s face it, it feels good too! Learn more and find government incentives to go green at www.flexyourpower.org.

Until next time, remember, at HomeReach.com, Sharing Is Caring.

David Tal

HomeReach.com

Broker/REALTOR/President


‘Move-up’ Buyers Get Tax Credit

novgloriapostThe new $6,500 federal tax credit for “move up” home buyers has been getting second billing to the original $8,000 credit for first-time purchasers. But take a look. This $6,500 credit for current homeowners just might have your name on it.

How does it work? When will it be available?

The new credit is available now. It took effect Nov. 6, the day President Obama signed the legislation. This means that if you fit the key criteria – you’ve owned and resided in your current home for five consecutive years out of the past eight years, and your adjusted household income doesn’t exceed $125,000 if you file as a single taxpayer, $225,000 if you are married filing jointly – you can claim the credit as soon as you close on a qualifying home.

That could be next week, next month or next spring. There is no actual move-up requirement in the new credit. In fact, homeowners who plan to downsize may prove to be significant users of the credit, along with people who are relocating because of employment changes. Search our website at the areas of San Diego county or the zip codes you are interested in, to see the available housing for sale. Also check the foreclosure properties. You will find excellent values there. You should also consider looking in the areas of Spring Valley, El Cajon, Lemon Grove, Encanto and Paradise Hills. You will find exceptional prices for homes in these areas.

If you fit the criteria and are considering buying another home sometime in the coming year, you might want to speed up the process and sign a contract by April 30 and close by the June 30 expiration date. Think of it this way: If the government is willing to give you $6,500 to act a little faster than you had originally planned, hey, why not?

Other key features of the $6,500 credit:

- The home cannot cost more than $800,000.

- The replacement home must become your main residence. There is no requirement in the legislation that you sell your current home. You could rent it out, turn it into a second home or list it for sale later in 2010 when prices might be higher. If you plan to retain it, however, make sure you move into the new house on the day you close so that there is no question it was your principal residence at that time. And if you do decide to sell it, don’t forget we give rebates to sellers of up to 50% of the selling price!

Like the first-time-buyer credit, the $6,500 version permits a broad range of dwelling types for your purchase. These include newly constructed or existing single-family homes, condominiums, manufactured or mobile homes, and boats that function as your principal residence. You cannot claim the credit if you are buying a second home or an investment property.

Purchase transactions among immediate family members are prohibited.

Home buyers who go to closing between Nov. 6 and Dec. 31 can claim the $6,500 credit on their 2009 federal tax returns or amend their 2008 returns. Similarly, eligible purchasers in 2010 will be able to file for the credit on their 2009 or 2010 returns.

Talk to your tax adviser regarding timing, which may be affected by your household income applicable to a given year.

If you aren’t sure whether you can make the deadlines established for the new credit – a binding contract by April 30 and a settlement by June 30 – do not assume that Congress will provide another extension. All the political and budgetary signs point the other way, and some of the primary authors of the credit insist that this is it – no more extensions next year. Take them at their word

. Call me if you have questions, or if you are ready to sell or purchase a home.

Gloria M. Baker

619-770-7753

Open House This Weekend!

OPEN HOUSE:  Sat Nov 14th from 1-3pm. 2683 Carlow St. El Cajon,CA.

INFO:

3/2 2500 sqft.
Fletcher Hills neighborhood!!! Great location close to schools, shopping and freeways. Very stylish, unique home. Shows great. Nice upgrades throughout home. Open kitchen with granite counters.Wood flooring, front covered porch as well as back deck. Well maintained, pride of ownership. Must see!! Downstairs basement included in sqft. Not a short sale or REO.

David Tal 619-955-7706

Condo’s Homeowners’ Association

np-oct09When it comes time to purchase your condo keep in mind there will be HOA fees. With the market at a low, it is causing homeowners’ association’s financial health at a low. Buyers should note that two-thirds of the association’s budget should be operating expenses such as water, lights, elevator maintenance, and landscaping; the rest should be set aside in a reserve fund for long-term maintenance and repairs. At the time of the home inspection request to view all financial documents of the homeowners’ association. Make sure these are given to you in a timely manner; allow 3 days to review them. In most cases, buyers are receiving them 2 days before closing following with them being incomplete. The reason for this is owners are ending up with higher monthly bills and special assessments. Just be aware of what is going on with that condo’s HOA. While the financial health of a homeowners’ association is an important factor in the purchasing decision, it shouldn’t deter home buyers from purchasing condos.  Many first-time buyers purchase condos to enable them to become homeowners.

Looking for a Property in North Park contact…

Justin Johnson

mobile: (619) 618-5513

What Home is Right for YOU?

henryoct2

If you are like most people this is what you should consider when it comes to buying a home:

1) First, what can you afford?

2) Second, what desired area or location are you looking for?

3) If you have children, you want to consider the school district and crime stats in that area.

4) You need to determine what amenities you need; square feet, bedrooms, baths, garage, pool. Do you want to have a home with an attached garage?

5) Accessibility could be a factor, freeway access.

These are important factors to consider when purchasing a home. In today’s Real Estate market there are many options available for first time homebuyer’s. The latest of these options are the foreseeable foreclosures and the actual foreclosed properties.

Please contact us to start your home buying with HomeReach.com today as it is a great time to find the house that best fits your needs.

Patience is key when it comes to dealing with Short Sales, REO’s and Pre-Foreclosed homes.

For those of you looking for a home in Poway, I will be able to walk you through the above questions and help you make one of the best decisions you can make – buying a home! We care about you and your homeownership and we want to express our care by sharing our commissions with you. Stop paying high rent and start owning real estate in San Diego today. Find your home by searching through our area listings and get pre-qualified through HomeReach.com. Once you are ready, I will be  here to serve your Poway needs!

Your HomeReach.com Specialized Agent,

Henry Guerrero

(619)301-1773