San Diego Real Estate Blog

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You can follow Dawn Sells San Diego on Twitter. Our San Diego Real Estate Twitter has all of our blog posts tweeted as well as all information pertaining to the San Diego Real Estate Market, News and Trends. Twitter is a great way for us to stay in touch with home buyers and home sellers in San Diego County.

We also keep you updated on foreclosure and short sale properties that we are selling and up to date information on the latest foreclosure and short sale news. Twitter is an excellent micro-blog for getting San Diego Real Estate Tweets out fast to our followers. If you want to follow the best San Diego Real Estate on Twitter make sure you follow us.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

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San Diego Real Estate Blog

2010 San Diego Real Estate Market

I know it’s still 2009 November and it might be a little early for 2010 San Diego Real Estate Market predictions but I think I’ll give it a shot. 2010 in the San Diego Real Estate Market should show more foreclosures than we had in 2009. In 2009 many foreclosures were held off of the market due to the moratoriums. Now that many of the foreclosure moratoriums are lifted the banks are gearing up to get the REO’s off of their books. 2010 in San Diego and many parts of the country will be known as the year of the “Last of the Foreclosure Market”. There will be more foreclosures after 2010 into 2011,  2012 and 2013 but 2010 will be the last big year for foreclosures.

There will still be more short sales and some banks are moving faster on them. There’s lots of talk about the short sales being streamlined and moving through the system faster. In 2010 it might just be a lot of false hope in this area. I hope I’m wrong and we see the short sales as a whole (not just select banks) move through the system fast and to a sale but it might just be a lot of hype. Systems like REOTrans are setting up to do short sales but I’ll believe the push towards short sales over foreclosures by the banks when I see it.

For homebuyers in 2010 it should be a delight with more inventory coming into the San Diego Real Estate Market. In some price ranges like the lower end first time home buyer prices under $400,000 there still will be a fight with other buyers to get the homes. There are way too many buyers and investors in the under $400,000 range in many areas of San Diego County that will keep this price range in very short supply in 2010. The upper end in non-coastal areas will still slide a little lower in 2010. We’ll see how this worked out in 2011.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

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All Information is believed to be correct but not guaranteed. 

San Diego Real Estate Blog

I’ve been going to the Birch Aquarium at Scripps in San Diego for years. Recently I decided to take my 1 year old granddaughter there to see the fish. She first saw the huge whale fountain when you walk up from the parking lot towards the aquarium and her face lit up with excitement. What a day we had. She loved it. The Birch Aquarium is located at 2300 Expedition Way, La Jolla, CA 92037 and is very easy to find off of Route 5. The Aquarium is part of the Scripps Institution of Oceanography.

At the lobby of the aquarium is a large cylinder tank of fish, I believe they were anchovies and they swim in a circle and are really cool to watch. There are many tanks of fish and other sea life and the main aquarium is huge. There is a really neat area in the back of the aquarium where you can touch the sea creatures in the tide pools. If you’re looking for a great way to spend the day in San Diego make sure you visit the Birch Aquarium.

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

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All Information is believed to be correct but not guaranteed. 

San Diego Real Estate Blog

Mt. Soledad Veterans Memorial is located in La Jolla in San Diego California. Mount Soledad is part of the Federal Government and the Department of Defense. Mount Soledad has some of the best views in San Diego County and has a panoramic 360 degree view of the San Diego Coast to the San Diego Mountains. The Mt. Soledad viewpoint is over 800 feet above sea level and if you are visiting San Diego or if you live in San Diego this is a must see.

The history of Mount Soledad began in 1914 when it became a Memorial Park. In the 1920’s the Lindbergh boys used the mountain for glider flights. The Mt. Soledad Memorial is now managed by Commander, Navy Region Southwest located in San Diego, California. 

Here are some videos of the Mount Soledad Veterans Memorial
 

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

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Foreclosures of San Diego is your source for all foreclosures in San Diego. We have tools to search all homes and condos for sale whether they’re Bank Owned REO Foreclosures, Short Sales or just normal listings. You can Search the San Diego MLS or use our San Diego Foreclosure MLS to find Foreclosures, Pre-Foreclosures or Auction Properties. Did I mention these Search Tools are FREE.

Thousands of people use our search tools every week and find the home or condo they are looking for in San Diego County. We allow visitors to use our tools because we want them to have a portal to search for their home or condo in the comfort of their home or office. If you need help seeing the property or writing an offer on the property or just some real estate advice please contact us.

San Diego Foreclosures

San Diego MLS

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

San Diego Real Estate               San Diego MLS 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

San DiegoListing Book

All Information is believed to be correct but not guaranteed.

San Diego Real Estate Blog   

I think “Making Home Affordable” the title and the name of the web site have it all wrong, it’s supposed to be “Buy a Home You Can Afford” but most things right now in the world are either upside down or just plain wrong.               

I checked out the Obama led web site “Making Home Affordable”. The standard Homeowner’s HOPE Hotline mantra with the HOMES of HOPE 888-995-HOPE number in red to get you to call for urgent help. This government has hijacked the word HOPE from day one and probably won’t stop until they’ve moved on. Which is HOPEfully soon. Not that the next elected group of thugs and profiteers will do much better … I’d settle for doing nothing than the direction we’re heading now.                         

It was the HOPE of homeownership for many who should never have qualified for the loan that drew them into this burden that now is destroying their lives …. THE MORTGAGE PAYMENT. A HOPE fueled by GREED that lent money to anyone with a faint heartbeat with little regulation and little to no verification of the homeowner’s real ability to pay it back after the ARM would readjust. Lenders were making money hand over fist and could sell the note quickly on Wall Street to a sea of buyers, so why should they care to verify or tighten up on their lending practices. Now the banks and mortgage holders are losing money hand over fist as taxpayer’s bailout them out as well as our government and their buddies…… hand over fist.  

The printing presses ($100 machines) are rolling at the Department of Treasury and the money going in every direction imaginable except to where it needs to go. The cost “PAYBACK” is left to our children and their children and so on….. while the baby boomers will have their nest eggs refilled with government pork, $4,500 car buying credit and free healthcare. WHOOOOPI. One of the saddest parts of this whole mess is putting the burden of this generation’s foul-ups on the children and their children. Well I guess they’re doing what they like to do, borrow and spend and expect someone else to pay or somehow get out of it. Their best answer is to pin it on the kids because they don’t have a voice, YET!                  

HOPE. I used to think HOPE was something like a wish, a dream that you wanted one day to be fulfilled, something in your life or in another’s life that would happen to bring joy into it. Now HOPE is a slogan, a word used by agenda pushers to play on people’s emotions and to get them to go in a specific direction. After all, who doesn’t want HOPE? Right?

Back to the web site …….

On the home page of this web site it asks

Are You Eligible? Please use the self-assessment tools provided on this websiteto see if you are among the 7 to 9 million homeowners who maybe able to benefit from Making Home Affordable.

Right below this is a “Find out if you are eligible” button.

The next web page will ask you to choose if you want to see if you are eligible for “Home Affordable Financing” or “Home Affordable Modification”. Select the one that best fits your desire.

Under “Home Affordable Financing” you have to answer YES to every question to be eligible. That means that you own a 1 -4 unit home, your loan is with Fannie Mae or Freddie Mac, your current on your mortgage payments and “the kicker”-  you believe that the amount you owe on your first mortgage is about the same or less than the current value of your house. Remember that last question asked about first mortgage only, not first and second. If you answered yes to all of these cross your fingers and toes and HOPE.

Under “Home Affordable Modification” you also have to answer YES to every question to be eligible. That means your home is your primary residence, the amount you owe on your first mortgage is equal to or less than $729,750, you’re having trouble paying your mortgage, you got your current mortgage before January 1, 2009, and your payment on your first mortgage (including principal, interest, taxes, insurance and homeowner’s association dues, if applicable) more than 31% of your current gross income? HOPEfully you can answer YES to all of the questions and then there’s HOPE.

I don’t want to give a sense of false HOPE to troubled homeowners so I want to be clear about this. Please try and use this web site to see if they can help you. From what I have seen in the San Diego area including Chula Vista is that most homeowners that purchased a home in the past 1-4 years can’t truly answer YES to all of the questions in either category. The ones that can are still only eligible for the Making Home Affordable program.

Most of the homes in many neighborhoods in San Diego County are short sales. This means that there was no loan refinancing or loan modification for the homeowner that allowed them to successfully stay in their home. If there was they would not be short selling the home, and many are short selling their homes and condos. Some truly just didn’t try, shame on them. Most are just way upside down in property value and can’t make the monthly payments since the ARM readjustment or loss of job.

Its simple math, let me show you;

Paid $800,000 for home … worth $500,000 – why do I want this home?

or

Monthly income $5,000…. house payment jumped to $4,900 – need to eat!

These short sale listings will either be sold short or be taken back by the bank through a foreclosure and end up on the market as a Bank Owned REO. I have spoken with many homeowners who just want to get out their homes or condos and just move on. They want to close that door in their lives and open the next one. The choice of keeping a home that has decreased in value 40% in 3 years and a monthly mortgage payment that is just not possible to pay is destroying families.

I have met many that have said “enough, I’ll take the credit hit and short sell my home or let the bank foreclose on it” and they have. I will always ask them if they contacted an attorney and a CPA to go over all of the ramifications of both. This is essential if the path of short sale or foreclosure is in any ones future.

I HOPE this review of the Making Home Affordable web site helps you.

http://www.makinghomeaffordable.gov/

If  you need help buying or selling a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

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San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

All Information is believed to be correct but not guaranteed.

San Diego Real Estate Blog

The San Diego Housing Commission or SDHC has several home buyer assistance programs for San Diego home buyers. Some of the different home buyer assistance programs include deferred loans, grants for down payments and closing costs, tax credits, and opportunities to purchase homes at below market rate prices. This San Diego home buyer assistance program allow a home buyer to purchase a home anywhere in the City of San Diego. This means that the area must start with the Zip Code 921. This encompasses a huge area of San Diego and includes thousands of homes currently for sale. 

Most of these home buyer assistance programs in San Diego are for first time home buyers except for the For Sale Affordable Homes Program. A San Diego First Time Home Buyer is defined as a buyer that has not owned any real estate in the previous 3 years. There are also maximum purchase price limits and area median income restrictions as well.

Some of the programs are:

* 3% Interest Deferred Loan
* Grants for Down Payments and Closing Costs
* Mortgage Credit Certificates (MCC). Can be used for San Diego bank owned properties.
*  For Sale Affordable Homes

For more information on the San Diego Home Buyer Assistance Programs please visit the San Diego Housing Commission Web Site.  http://www.sdhc.org/hafirstimebuyer1.shtml

Also Visit:

California $10,000 New Home Tax Credit

$8,000 First Time Home Buyer Tax Credit

If  you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

San Diego Real Estate               San Diego MLS 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

All Information is believed to be correct but not guaranteed.

San Diego Real Estate Blog

I spent some time today researching San Diego median home prices in 2009 compared to what they were in 2008. I found a great link that shows the median price from January 2008 to January 2009 and shows the difference in median prices in percentages. My theory based on real estate trends and experience in San Diego County has held true. I have been stressing the fact that many coastal areas will be hit the hardest despite what many so called experts have been saying. I have also said that areas like newer Chula Vista like EastLake, Rolling Hills Ranch, San Miguel Ranch and Otay Ranch have taken a huge hit early in this San Diego real estate downturn and won’t be hit nearly as bad as some of the areas that have a false sense of security. What I mean by false sense of security is that many coastal areas in San Diego just because they’re close to the beach are said to be by some real estate agents immune to a real estate downturn. Nonsense!

Some of these so called “untouchable to recession proof real estate areas” are North County Coastal and Coastal Central San Diego. Some of these areas are; Carlsbad, Encinitas, Oceanside, Solana Beach, Ocean Beach, Point Loma, and more. These areas have taken some of the biggest hits of all and in my opinion will continue to see slashed prices through 2009. These costal real estate areas should see bigger drops than the areas of Newer Chula Vista which has already taken its biggest drop early on.

The false sense of values in these coastal areas has allowed inventory to build and short sales and foreclosures to start their run up. These areas are and will be a buyer’s delight in 2009. I still think the newer areas of Chula Vista are closer to their bottom than many of the other areas in San Diego County. This means if you’re buying a home in these areas it could very well drop in value less than other areas of San Diego County. From January 2008 to January 2009 this was exactly what happened and is a good trend going into 2009 for home buyers.

Now the reality of some of the statistics in this San Diego Real Estate Median Home Price Chart is that the number of sales in some of the communities is so low that they are not that accurate. What is accurate is the overall median home prices by areas like; North County Coastal, East County, and South Bay San Diego. These are a culmination of the total sales in the areas and have a large enough number of closed sales to be accurate.

The chart tells me there has been a lower reduction in median home prices in South Bay San Diego OVER ALL OTHER AREAS of San Diego County. The bleeding is less in this area and some good signs of recovery and less hemorrhaging than other San Diego communities. Buyers and investors both are seeing the value in many South Bay San Diego Communities.

Checkout the San Diego Median Home Price Chart and make your own conclusions.

http://www.dqnews.com/Charts/Monthly-Charts/SDUT-Charts/ZIPSDUT.aspx

If  you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.

San Diego Foreclosures

San Diego REO Listing Agent

San Diego Real Estate               San Diego MLS 

San Diego Relocation                San Diego Home Search by Map

San Diego Home Buyers           San Diego Home Sellers

San Diego House Values           Local Real Estate Information

San Diego Real Estate Blog      San Diego Short Sales

San Diego Foreclosures            San Diego Green Homes

All Information is believed to be correct but not guaranteed.

San Diego Real Estate Blog

Do you want a list of San Diego Foreclosures? If so we can help you with that. There are thousands of foreclosures in San Diego County and the list changes every day. We thought about putting a daily San Diego foreclosure list together but then thought why not just give the San Diego foreclosure search tools to the buyers. That way a buyer looking for a foreclosure in San Diego or even the whole state of California can search foreclosures by zip code, price, size and any other possible search criteria.

This service costs us money but we feel that if a client wants to search for a foreclosure, why not give them the tools real estate experts use. Buyers then know how serious we are about helping them find a San Diego foreclosure by letting them use our expensive foreclosure analyzer tools for free. A list of foreclosures in San Diego is ineffective compared to how these tools can help you locate the perfect San Diego foreclosure. When you’re ready to buy a San Diego Foreclosure make sure you call us the San Diego Foreclosure Experts!

San Diego Foreclosure Search Tool

If  you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtors.

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San Diego House Values                 San Diego Real Estate Blog

San Diego Foreclosures                   San Diego Short Sales

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All Information is believed to be correct but not guaranteed.

San Diego Real Estate Blog

Blue Whale in San Diego found floating dead. A 35 foot long blue whale was found floating dead off of the San Diego Coast in La Jolla. The blue whale carcass was netted and taken to Fiesta Island which is well known for the annual Over the Line Tournament. Fiesta Island is next to Sea World San Diego and is a local favorite place for jet skiing, swimming and fires on the beach. The smell from the carcass was said to be a potential nuisance to the La Jolla residences noses.

The whale was analyzed by whale experts and dismantled and taken to the Miramar Landfill. The cause of death is still unknown. I have seen many whales off the San Diego Coast but never a blue whale. Hopefully the one I see will be alive.

The blue whale is the largest mammal and most likely the largest animal to ever live on the planet. Blue whales have a length of 75 to 100 feet with the longest one on record being 108 feet.

San Diego Foreclosure Search Tool

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San Diego Real Estate                     San Diego MLS

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San Diego House Values                 San Diego Real Estate Blog

San Diego Foreclosures                   San Diego Short Sales

San Diego Realtors                          San Diego REO Listing Agent

All Information is believed to be correct but not guaranteed.