We are warning our San Diego real estate clients that slower closings coming soon. This fall, the Consumer Financial Protection Bureau (CFPB) begins requiring banks to provide consumers with a longer window in which to review loan documentation. The new rule, potentially in effect October 3, 2015, can push closing for San Diego home sales by as
by Selena Cowell How does the rise in interest rates impact home affordability in San Diego? Interest rates in San Diego are still historically low, but both the Federal Reserve and Ben Bernanke have pretty much signaled the end to the Bar of Insanely Low Mortgage Rates. The Fed is about to reduce its program
by Roberta Murphy Insider Trading?* When trying to determine what to offer on a parcel of San Diego real estate, it would sure be helpful to know not the history of prior sales, but accepted prices of pending sales. You see, just about any real estate agent or Zillow or Trulia can give you recorded
Our wonderful San Marcos Home Buyers: He was a teacher in Imperial Beach, and she a school counselor in Riverside County. They were newlyweds, first time home buyers and neither wanted to give up their respective jobs. San Marcos, CA turned out to be a perfect midpoint with the added bonus of a newer subdivision
This infographic offers six quick tax tips for homeowners–and once again points out the income tax advantages offered for home ownership in San Diego. And in spite of rumbling to the contrary, there are still some hefty tax savings that can be had by owning one’s own home.
Bidding Wars for San Diego Homes? Advising buyers to take objective and athletic stance.
10 Dangers of Dealing with Poorly Trained Agents by Kim Reid Warning :Selling or buying a San Diego home can be one of the biggest transactions you ever make in your life. That fact alone makes having a qualified and knowledgeable real estate agent critically important. However, many are tempted to deal with the less trained, hoping
Conventional Versus Government Loans in San Diego by Mark Murphy Many of the problems in San Diego real estate were caused by lending excesses in the past, when almost anyone could get a mortgage and few buyers bothered to investigate the mortgages they were getting. Those excesses have resulted in fewer loan types being available
It’s official: The $8000 first time homebuyers income tax credit has been extended by Congress — and (hallelujah!) buyers who have owned their homes for at least five years may be eligible for a $6500 tax credit for move-up purchases. President Obama is expected to sign it into law in the next day or so.
by Roberta Murphy Carlsbad, CA–The San Diego real estate market seems to be flooded with first time home buyers hoping to cash in on low prices and the generous $8000 income tax credit being handed to those buyers who haven’t owned property in the last three years. We are working with buyers from both ends