San Diego Real Estate Blog

There are many foreclosures because of the Foreclosure Moratorium that are waiting to be put on the market for sale by banks, asset managers and REO agents. The foreclosure moratorium here in San Diego County as well as most areas of the United States has kept homeowners in their homes through the 2008 holidays and then extended into 2009. Now that we’re well into 2009 there are many wondering why hasn’t the banks released the foreclosures. Many of them are vacant and the buyers are looking for new foreclosures to buy. In fact there are so many buyers here in San Diego they are starting to get discouraged in some San Diego markets and price ranges on the lack of inventory. There are also multiple offers on many homes sometimes exceeding 30 offers.

Some say the foreclosures are being held off the market because the banks are waiting to see if the Obama administration will subsidize the banks for their toxic assets. If that’s the case one of two things will happen the government “our tax dollars and our kids and grandkids tax dollars” will bailout the banks once again and then the foreclosures will come onto the San Diego market or the administration wont bail them out and the foreclosures will come on the market. Either way if this is the hold up let’s make a decision already because my buyers are getting real tired of waiting.

The word here in San Diego is that there are buyers galore and not enough homes for sale in some areas and some price ranges. Mostly first time home buyer price ranges. The inventory is filled with REO’s that are heavily damaged and needing lots of work or short sales with many offers and slow moving negotiators at banks. I HOPE by summer the Obama administration will CHANGE what’s going on.

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

The National Association of Realtors® NAR reported that the February 2009 sale of existing homes in the U.S. including single family homes, condos, town homes and co-ops rose by 5.1% from the 2009 January sales numbers. This is great news for the real estate market especially here in San Diego. The Southern California Real Estate Market has seen a huge influx of buyers in early 2009. Some of this could be due to the great $8,000 Tax Credit for First Time Home Buyers and the $10,000 New Home Buyers in California. I am working with a lot of investors in the San Diego Real Estate Market and so are many other Realtors® I know.

This news is also coupled with the news of median home prices of existing homes across the nation has dropped 15.5% from February 2008. Buyers should delight in the fact that prices are low and interest rates are also down. San Diego REO or foreclosed homes in lower price ranges are getting multiple offers and are even having appraisal problems when selling because comps are lower than the new sales. These are good signs and investors and home buyers “especially new home buyers” are out in force in the San Diego area. The new foreclosures “dubbed the Next Wave” are hitting soon and from what I see the buyers will be there to gobble them up.

San Diego in 2009 should be a year of high volume sales!!!

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

This $10,000 tax credit in the state of California only applies to homes that have never been occupied and purchased between the dates of March 1, 2009 and March 1, 2010. The California home buyers must also reside in the home as their primary residence for at least 2 years from close of escrow.

A qualified home buyer is:

A taxpayer who purchases a single-family residence, whether detached or attached, that has never been occupied, that is purchased to be the principal residence of the taxpayer for a minimum of two years, and that is eligible for the homeowner’s exemption under California Revenue and Taxation Code Section 218.

A qualified principal residence – new home is:

-A qualified principal residence means a single-family residence, whether detached or attached, that has never been occupied and is purchased to be the principal residence of the taxpayer for a minimum of two years and is eligible for the property tax homeowner’s exemption.
- Types of residence: Any of the following can qualify if it is your principal residence and is subject to property tax, whether real or personal property: a single family residence, a condominium, a unit in a cooperative project, a houseboat, a manufactured home, or a mobile home.
- Owner-built property: A home constructed by an owner -taxpayer is not eligible for the New Home Credit because the home has not been “purchased.”

The State of California has set aside $100,000,000 in tax credits for new home buyers. This program is on a first come first serve basis and once the allocated new home tax credit money is gone it’s over. Make sure if your California real estate agent is unfamiliar with this tax credit you let them know about it. You should also contact your accountant. Some details include that the tax credit amount is equal to either five percent of the purchase price or $10,000, whichever is less. Taxpayers must apply the total tax credit in equal parts over 3 successive taxable years which is a maximum of $3,333 per year beginning with the taxable year of when the new home is purchased. This can also be used in addition to the $8,000 First Time Home Buyer Tax Credit in the Stimulus Package.

If you are interested in applying you will need to:

- Do the following within 7 days of close of escrow on your New California Home.
- The seller must complete Part I of Form 3528-A which is the Application for New Home Credit and certifying that the home has never been occupied as well as provide a copy to the buyer or escrow person.
- The buyer will complete Parts II & III of Form 3528-A.
- The escrow person on behalf of the seller and buyer will fax the completed Form 3528-A to FTB at 916.845.9754, and provide a copy to the buyer.
- Fax is the only delivery method that will be accepted and considered for credit allocation by FTB, as the date and time stamp on the fax will determine the order in which credits are allocated.
- Fax only one completed application per residence with all qualified buyers listed. Do not include information on nonqualified buyers. An incomplete application may delay or prevent credit allocation.
- Do not fax the application to FTB before escrow closes.
- Do not fax the application to FTB more than once. We will process the applications in the order received as quickly as possible.
- Escrow companies should only send one application per fax transmission.
- The buyer keeps a copy of the completed Form 3528-A for their records.
- The State of California Franchise Tax Board will have a fill able Form 3528-A online soon. In the meantime, if you fill out the form by hand, please print numbers as clearly and neatly as possible using CAPITAL LETTERS and staying between the lines. The faxes can be very hard to read.

For more information please visit the State of California Franchise Tax Board link.

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

San Diego - First Time Home Buyers Only – 8000 Dollars !

The $787,000,000,000 stimulus bill signed into law has some benefits for first time home buyers. In the bill signed by Obama there is an $8000 first time home buyer tax credit. This $8000 amount was sized down from $15000 in the original version of the stimulus package. Here in San Diego County California and rich foreclosure environments like Chula Vista in South County San Diego welcomes this first time home buyer $8,000 tax credit incentive.

Some of the details are that the home purchased must be the first time home buyers principal residence. There is a cap of $8,000 if the purchase price is higher than $800,000. A first time home buyer in San Diego or anywhere in the U.S. would be someone who has not owned a principal residence for 3 years. This will only apply to home buyers buying in 2009 so if you’re sitting on the fence of San Diego home buyers this could be the thing that gets you down off the fence and back in the market.

There are also income limits that state single buyers need a modified adjusted gross income of $75,000 or less to qualify for full credit and $150,000 for married couples. If buyers make more income than the amounts stated they could be eligible for reduced credits. Make sure you talk to your accountant about this. The $8000 tax credit is refundable. Buyers will have to own the home for at least 3 years if they want to capitalize fully on the tax incentive. The tax credit will have to be returned to the government if they sell early. There are situations that will be exceptions to this rule.

Make sure you contact professional tax consultants for full factual information on this $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

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.

San Diego Real Estate                     San Diego MLS

San Diego Listing Book                    San Diego Relocation

San Diego Home Buyers                  San Diego Home Sellers

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.

San Diego Real Estate Blog

In 2009 San Diego Home Buyers are getting on board with the program. According to the National Association of Realtors many home buyers are out buying homes. Pending home sales has increased which is a great sign for the U.S. Real Estate Market. Pending home sales are measured by the Pending Home Sales Index which is a forward looking indicator based on purchase contracts signed in December. The index for December 2008 rose 6.3% over the November 2008 reading and this is 2.1% higher than December 2007. In the west we are seeing a17.5% higher number than the same month last year.

NAR states that the Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

NAR – National Association of Realtors stated that the improved affordability conditions such as low interest rates and cheaper homes were a factor to the increase in pending sales. Another great statistic for December 2008 was that the Housing Affordability Index rose to 10.9 %. NAR stated it was the highest on record. This is a very positive trend going into 2009.

Many areas of San Diego and Chula Vista have seen a jump in pending sales in early 2009. I have also been getting many more phone calls and emails from people wanting to buy a home in 2009. If you are ready to buy a home in 2009 please give us a call.

Start your San Diego Foreclosure Search today.

San Diego REO Listing Agent

Please use the links below to help you with your San Diego Real Estate Search and Information from your San Diego Realtor.

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 Realtors 

Dawn Lewis - San Diego Realtor® Since 1989

Hi,

I’m Dawn Lewis and I’m a San Diego Realtor. You have just found the best San Diego Real Estate web site for searching for San Diego Real Estate. I hope it helps you with your San Diego home or condo search and answers questions you have about San Diego real estate. Please use the tools and features like the San Diego MLS with its great maps and community information.

My Experience:

Realtor® in San Diego Since 1989
SOLD well over 1,500 Homes
San Diego Top Producer
San Diego Relocation Expert
Top Real Estate Negotiator
San Diego New Home Sales Expert
San Diego REO Listing Agent
San Diego Foreclosure Expert
Short Sale and Foreclosure Expert
Winner of many Real Estate Awards in Sales and Customer Service

As you can see I have been a real estate agent in San Diego for quite some time. Please put my experience to work for you and give me a call today.

I love what I do and I would love to help you.

Dawn Lewis
San Diego Realtor®

Start your San Diego Foreclosure Search today.

San Diego REO Listing Agent

Please use the links below to help you with your San Diego Real Estate Search and Information from your San Diego Realtor.

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

Home buyers in San Diego are enjoying the low interest rates in 2009. Many home buyers have been sitting on the fence for quite some time and many San Diego home buyers are saying yes in 2009. During the first month of January in 2009 I have noticed an increase in buyers looking into buying a home in San Diego. With foreclosures and short sales dominating many of the areas and price ranges the pickings are ripe.

The interest rates being low allow a potential home buyer to have a lower monthly payment or buy a more expensive home. This basically means they can get more for their money or buy the same size home they have had their eye on and have a lower monthly house payment. I have worked with many San Diego first time home buyers and have found that they are amazed that they are able to buy a home at such an affordable price and such a low monthly payment. Just a couple of years ago many first time home buyers thought they were priced out of the San Diego Real Estate Market forever. Now many can buy and have a monthly payment for what they’re renting for.

If you’re interested in buying a San Diego home or condos contact us today.
Start your San Diego Foreclosure Search today.

San Diego REO Listing Agent

Please use the links below to help you with your San Diego Real Estate Search and Information from your San Diego Realtor.

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

The San Diego Foreclosure Market is heating up. 2009 will be a great year to buy a foreclosure in San Diego. The foreclosures are on the rise and many of the homes you have been seeing as short sales in San Diego County will soon be foreclosures in San Diego County. I have a great San Diego Foreclosure Search Tool on my San Diego Real Estate Web Site and the pre-foreclosures are massing. Some of the lenders have postponed their foreclosure evictions until early 2009 and the inventory is building and should be robust by the summer of 2009.

When considering the purchase of a foreclosure you need an experienced REO Agent with an experienced REO Team. That’s where Dawn Lewis and her San Diego Foreclosure Team will help you find just the right REO or foreclosure for you. Offers written on REO homes and condos need to be packaged correctly for asset managers who handle the REO offers and we can package them up to make your offer stand out. When is comes time to buy a foreclosure in San Diego contact us. We’re #1 in San Diego REO’s and Foreclosures!

Start your San Diego Foreclosure Search today.

San Diego REO Listing Agent

Please use the links below to help you with your San Diego Real Estate Search and Information from your San Diego Realtor.

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

Sailors and Marines relocating to San Diego can count on local real estate expert Dawn Lewis and her team to help them relocate to San Diego. The Navy and Marine Corps make up the vast majority of the military presence in the San Diego area and are a vital factor tothe identity of San Diego and its long military history. Dawn Lewis and her team havehelped many Sailors and Marines and their families with relocation to San Diego and have done so with attention to detail that would make an Admiral or General proud.

San Diego is home to thousands of Sailors and Marines and there are several large Navy and Marine Bases in San Diego County. Whether you are an officer or enlisted we can help you find just the right home or condo for you and for your family. We respect your time and your family’s time and will work within your schedule to show you properties that meet your criteria for a new home in San Diego.

If you’re relocating to San Diego within the next 6 months contact us now and we can start emailing you homes and condos in the areas of San Diego you are considering relocating to. We can also get you hooked up with a great local lender to start the VA Loan process. We can email you information about things in communities that will help you choose where you’re going to call home after you arrive to your new duty station in San Diego. Our local Military Relocation Real Estate Agents can help with your decision making process because of their knowledge of the areas they specialize in.

When you need help with San Diego Military Relocation make sure you contact us. Where agents know it’s more about the people than the house.

Dawn Lewis and The Dawn Lewis Team
San Diego Military Housing Expert

San Diego Foreclosure

San Diego REO Listing Agent

Please use the links below to help you with your San Diego Real Estate Search and Information from your San Diego Realtor.

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.