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San Diego Real Estate Blog

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Archive for the ‘Escondido’ Category

Low Interest Rates in 2009 for San Diego Home Buyers

February 1st, 2009

San Diego Real Estate Blog
San Diego First Time Home Buyers 2009
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 Foreclosures

January 26th, 2009

San Diego Real Estate Blog

The San Diego Foreclosure Market is heating up. 2009 will be a great year to buy a San Diego Foreclosuresforeclosure 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.

About San Diego Real Estate Blog

January 20th, 2009

San Diego Real Estate Blog

About San Diego Real Estate BlogAbout San Diego Real Estate Blog

The San Diego Real Estate Blog is a Web Log about Real Estate in San Diego County California. Posts about buying real estate in San Diego and Selling Real Estate as well as all aspects of the market are presented daily to interested Blog readers. This San Diego Real Estate Blog is considered one the most detailed and accurate in the Blogosphere. When reader want information on real estate related information in the San Diego area this is the Blog they click to.

Some of the Top Blog Catagories are:

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.

The San Diego Foreclosure Boom

January 20th, 2009

San Diego Real Estate Blog

Fast growth comes to an end creating “The San Diego Foreclosure Boom”. The fast San Diego Foreclosure Boomgrowth that we saw here in Southern California and particularly San Diego has come to an end. The skyscrapers in Downtown San Diego that were forever changing the city skyline form year to year have slowed to a snails pace and the ones that are still building wish they hadn’t. The new master planned communities that allowed so many families to achieve the dream of homeownership in beautiful well thought out communities with parks and pools and brand new schools. They grew from all parts of the county from the old ranches in Chula Vista to the big movie star estates in North County Coastal and inland a ways.

Now that the fast growth is over where is the growth now? The growth has slowed and is even non existent in many areas of the county but the massive growth from recent years gone by has created another boom a more affordable boom. The San Diego Foreclosure Boom. Homes are now in some areas half the price they were only 2 years ago and the master planned communities with all the great parks and pools and schools are still there and are just as beautiful as there were then. First time home buyers are buying homes at steep discounts and families that had to short sell their homes 2 years ago are now jumping back into the market to buy again. What’s also fueling this foreclosure boom are all of the investors pulling money out of the pockets of the crooks on Wall Street and buying real estate that they truly have some control over. The San Diego Foreclosure Boom is on. Make sure you get yours before it’s over.
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 REO Listing Agent Dawn Lewis

January 4th, 2009

San Diego Real Estate Blog

My name is Dawn Lewis and I am an REO Listing Agent in San Diego County with 20 Dawn Lewis REOyears experience. Asset Managers when your ready to sell your assets in San Diego County California make sure you contact me. I have personally sold over 1,500 homes in San Diego County. I am one of the fastest growing REO Listing agents in San Diego County including the Chula Vista area and would like to offer you my services in selling your companies assets. I currently have a team of 7 in my REO division and my REO’s are serviced by the 70 agents that work within my company. We sell REO’s fast with extreme efficiency through systems that my team and I have perfected with my 20 years experience as a San Diego Realtor and REO Specialist.

I would like to prove myself to you by having you interview me by phone or email. I would also appreciate listing 5 to 10 of your assets so that you can experience how good my services are. I know what your goal is; to sell your assets as quickly as possible for the most money and the least amount of problems.

I have several web sites and Blogs where I promote my REO’s for fast and efficient sales. These web sites currently come up on page 1 on Google for San Diego Foreclosures which gives me 10 to 20 leads for REO buyers and investors per day. Please take advantage of the systems that I have created to sell your assets fast, efficiently and for top-dollar.  I look forward to speaking with you further regarding your REO’s. Some of my qualifications include:

REOMAC-Mortgage Default Industries Top Service
5 Star-Golden Member
REOTrans, ResNet, REO Maestro
Real Estate Agent/Salesperson License since 1989
Over 200 Hours of REO & BPO Education on file
I would appreciate the chance to work with you and selling any assets that you have in the San Diego County, California area.

Sincerely and Respectfully,

Dawn Lewis
619-981-3917
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 in 2009 Top 10 Worst Real Estate Markets

December 29th, 2008

San Diego Real Estate Blog

San Diego is predicted by Forbes to be in the top 10 for worst real estate markets in 2009. The article stated that the median home price in 2008 is $412,490. The 2008 real estate year  isn’t finished yet and the numbers wont be in for a while so I’m guessing Forbes got this number by looking at the 11 previous months in the 2008 which is only partially 2009 San Diego Real Estate Predictionsaccurate although probably very close to the number that should come out in mid January of 2009. Forbes predicts that there will be a 21.1% drop in the San Diego median home price in 2009. If their prediction for 2009 San Diego median home values is correct the median home price at the end of 2009 should be $326,000. They also predict that in 2010 there will be a 2.9% drop in median home values from the 2009 number.

As a real estate agent in San Diego going into the 2009 market I think it’s going to be a great year. One of the best. I’m not one to sugar coat things either. The upper end homes in San Diego still have a ways to drop and many larger more expensive homes will need to come down and this is where you will see most of the bloodshed in the San Diego Real Estate Market in 2009. The lower end homes in San Diego which I would say are the homes under $400,000 in many cases have multiple offers on them when priced correctly. In some areas of San Diego County the lower end of real estate has leveled off. The median home price is not the average home price. The median home price is the home that is in the middle of all of the homes sold in a particular year. This means that if 20,000 homes sold in 2009 in San Diego the home that was number 10,000 is the median home price. Since the upper end will still come down, maybe 20% to 40% in some areas of the county this median price will be lower in 2009. Will it be 21.1% lower? Forbes thinks so and they might be right.

San Diego has a silver lining and that silver lining is that it’s San Diego. San Diego is one of the most desirable places to live in the United States and the world. San Diego was one of the first areas to head into the real estate downturn and will undoubtedly be one of the first to come out of it. They also predict that in 2010 there will be a 2.9% drop in San Diego median home values from the 2009 number. This is a great sign showing that the recovery should start then in the whole real estate market and the lower end should be getting a bump in 2010. When it does the lower end will start the recovery first flowed by the upper end. 2009 should be the best year for opportunity and getting the pick of the San Diego real estate litter especially with interest rates down and dropping even further in 2009. If you are considering buying a San Diego home in 2009 make sure you contact us. We know the market and what’s going on in San Diego County.
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.

Let Me Have My Lender Call You

December 12th, 2008

San Diego Real Estate Blog

I get many requests through emails, phone calls contacts from my San Diego real estate web sites and blogs asking San Diego Lenderinformation on buying a home or showing requests on our listings and REO’s. I work very methodically and although I can be flexible experience has taught me that procedure needs to be followed for helping clients achieve their dreams. Before I start showing property and in many cases emailing properties I will always have my new home buyer pre-qualify with one of the lenders I work with. If the buyer already has a lender I will ask them for their lenders info so I can call them and talk with them. I want to know what loan amount they can get to see what price range to show then homes or condos in.

Knowing purchasing power and monthly payment comfort zone is very important before a buyer gets far down the road of buying a home they can’t afford or looking in a price range that is too low for what they can afford and want to buy. I equate it to knowing how much many is in your pocket before you go shopping. Unless you’re using credit or a check you would need to know how much cash is in your pocket before you went into the grocery store and started filling up your cart. Some people find that they have no money in their pocket and can’t buy right now while others realize that they can buy groceries for a month. Before you buy a home or even start seriously looking a buyer needs to know how much the bank will loan them and what the monthly payments will be.

Buying a Home you need to know how much you can buyOnce the buyer speaks with a lender then the buyer knows their home purchasing power and their agent knows in what price range to start looking in. To me this is at the very beginning stage of buying a home. I’ve noticed many inexperienced Real Estate Agents not guide their home buyers in the right direction by having them contact a lender upfront. It’s sad when the agent shows property to the new homebuyers for months, find the perfect home and then realize that the home they want is priced at $500,000 and they can only get a loan up to $300,000. It turns into a waste of time for everyone involved and shows the client how inexperienced the agent is. If you’re buying a home in San Diego make sure you call us and we can have one of the great lenders we work with call you.

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 on Target for Low Prices and High Volume Sales in 2009

December 8th, 2008

San Diego Real Estate 2009San Diego Real Estate Blog

San Diego is ripe for a great 2009 in the Real Estate Market. Prices are low and falling in the upper end price ranges and coastal communities. Interest rates are falling and should stay low through most of 2009. With the continuing foreclosures and the government helping homeowners and the economy out – here and there – the real estate in San Diego for 2009 should start the stabilization in the lower price ranges of single family detached homes. I’m starting to see it already and the entry level homes should continue to level off in many areas of San Diego through the 2009 real estate year.

It doesn’t mean that all the news is great and everything in real estate and the economy is just fine but it is the start of the next market. Once the entry level home prices stabilize it will have an effect on the entire market. Many “on the fence buyers” should jump into the market in 2009. With a new president in the White House this should calm the uncertainty of the whole election issues we’ve been focused on for the last 2 years. Many buyers who short sold their homes in 2006 and 2007 will be able to buy again. The investors have been pulling money out of their roller coaster ride on Wall Street and are deciding that real estate is a better more tangible item to own, especially real estate in Southern California.

Are you considering the purchase of a home or condo in San Diego in 2009? If so contact us for a one on one Q & A.

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.

Interest Rates Fall as Foreclosures Rise

December 4th, 2008

San Diego Real Estate Blog

Interest Rates have dropped to the lowest rates since January of this year. The average rate on a 30 Year Fixed Loan has dropped to 5.53%. In January of 2008 it was at Interest Rates Foreclosures San Diego5.48%. With low interest rates along with sharp discounts on housing prices this could be the right time to jump in and find a home for Christmas. This should be as big of a boom as when the market was climbing out of control but people are just concerned about where the market is going and where the economy is heading. The value of real estate is unprecedented in the San Diego area. Home prices have fallen to 2002 and below pricing in some areas of San Diego County. In Chula Vista, especially areas like EastLake which was voted best master planned community 10 years in a row is exceptional and a bargain right now. If you’ve ever wanted to live by the San Diego Beaches the San Diego Coastal areas are on their way to some great discounts in 2009.

In October 2008 there were 84,000 properties repossessed in the United States. More than 279,000 homes received some type of foreclosure related notice in October of 2008. By the end of the year it is expected that over 1,000,000 foreclosed homes will be on the market for sale in the United States. California is still in the top 10 of foreclosure states. These stats were from an MSNBC article on RealtyTrac data. With all the bailout legislation rolling out let’s hope that there is some help to keep people in their homes by new adjusted pricing and new more affordable loans.

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.

Flipping Out in San Diego

August 16th, 2008

flipping out television showSan Diego Real Estate Blog

Just a short time ago there were many people flipping properties here in San Diego. The television show Flipping Out had an episode where Jeff Lewis took a loss on one of his homes he was flipping. The point of that story, to me, was that he wished he would have taken an earlier offer that was much higher. Even a professional in the real estate business can make mistakes and hang on too long. Mistakes will always be made and it’s what you do afterward that counts. I think Jeff Lewis cutting his losses and moving on was a great move that many can learn from.

I too have made some great investments in personal property and investment property. I have also made some bad ones. It’s part of the game. A football team can will the championship without winning every game. No one wins all the time and knowing that is very important if you are going through short selling your home or if your home has been foreclosed on. Get ready for the next game or home purchase. Work on your credit and start saving for your next home or condo. You’ll be ready to buy and lenders will be ready to lend before you know it. Make sure you’re in the game.

If a professional like Jeff Lewis can make a mistake and I have made mistakes and thousands of real estate agents have bought homes they either can’t afford anymore or are upside down $300,000 in, it shows that even people in the business are not immune to market conditions and no one has a real estate crystal ball. The days of flipping will be back one day and for those who love to flip it will be your market.

When you’re ready to buy or sell a home or condo in San Diego call Mike and Dawn Lewis.

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.