San Diego Real Estate Cafe by Krista Lombardi
Archive for February, 2010
What Do You Mean it’s Raining in San Diego?
Rain? In San Diego? Those two words aren’t usually in the same sentence but this year they are. As a native of San Diego I can count the years when we got tons of rain and it looks like I’m going to have to add this one to the list. On avarage San Diego gets about 9 inches of rain a year. Read the rest of this entry »
Sellers, What are Buyers Looking For?
Let me ask you a question, with today’s consumer values in the real estate market, where do we need to be positioned effectively to get your home sold? How many of you have heard that buyers are looking for a “deal”?
Here is what happened recently on a listing in Mission Hills. Beautiful 3 bed, 3 full bath property in South Mission Hills just off of Goldfinch. We went in initially with the low range of 549K. 19 days passed without a single offer even though we had the 5th cheapest house in the whole zip code with 1 or 2 bedrooms more than the others. Day 20 we reduced that to 499K and received 3 offers within 24 hours. No good, it’s 49K less than we were asking, you say?
Go for the Olympics Gold
One of the really neat things about the Olympics is that everyone c
an come together. The whole world is in the same place (this year Vancouver ) at least in spirit. So, what are some thoughts about this special event?
It’s such a unique time, the world can connect and be a community. There is commaraderie and competition all at the same time. Everyone watching wants to see their country win and right now lots of us are together watching whether that is on your couch, at a friend’s house, or at your local sports bar. Read the rest of this entry »
Newest Mission Hills Hot Spots
In the midst of the crises, all the economy flurry, the crashing stock market, and the housing bust…there is a place, a place for you, a place that has flourished and has been the newest hot spot in town. Almost every website has written about it, so now it is my turn!
The Red Door, The Wellington, and Cafe Bleu
It’s amazing. I barely even remember what existed there before. Parallel 33, Jimmy Carter’s Mexican Cafe, and the Blue Lotus? Now I can’t imagine it without our three new hip spots. What a treat. So what is there to say about these new locals?
The Red Door
Mission Hills Restaurant and Wine Bar
Neighborhood: Mission Hills
741 W Washington St
(between Eagle St & 7th Ave)
San Diego, CA 92103
(619) 295-6000
Selling Point!
This one speaks for itself…needless to say, we didn’t go to view the
property!
California Helping Small Business Create Jobs
Well I finished my last post, and up pops an article about President Obama’s decision to create a $30 Billion Small Business Lending Fund to assist community banks in extending credit to small businesses so they can create jobs and expand.
Some may love President Obama, some may hate him, everyone’s opinion is respected here, our purpose is to discuss this new Lending Fund.
What Is the Situation?
Well, in California 64% of the jobs created over the last 15 years were generated by small businesses. Lending has been low and many small businesses haven’t been able to get the loans they need to create new jobs.
Read the rest of this entry »
How Would You Rate President Obama’s Handling of the Housing Crisis?
San Diego Homes
Fall of 2008 was a very difficult time for everyone, and the housing market itself has been a big focus.
Some plans have been the Homes Affordable Mortgage Plan to reduce the number of foreclosures and his First Time Homebuyer Credit inconjunction with the Move-Up Credit. The San Diego Real Estate market has improved from 23,000 properties on the market to roughly 5,300 properties currently listed.
What are your thoughts, what would you like to see changed?
If There Are HOA Dues Owed on a Short Sale, Should I Pay Them or Negotiate With the Bank?
Sometimes it is interesting to address real questions asked by my cl
ients, knowing that they are not the only ones confused about all the intricacies and caveats involved in different real estate possibilities that we find on the market nowadays.
This question addresses short sales and how these pieces of real estate are sold. As a refresher, a short sale is when a borrower cannot pay the loan on their property, but the lender decides that selling the property at a loss is better than pressing the borrower.
Oftentimes the borrower (person that owns the house) has not paid taxes or HOA dues in quite awhile. We’ve all seen the economy these days. many borrowers have issues with unemployment, retirement or other similar issues.
So…..you found this house you really like and it is a short sale…..Did they pay their HOA dues? What happens if they didn’t and can you negotiate with the bank?
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