Archive for September, 2007
The 6 Step Process of Selling Your Home Part I
September 13th, 2007 categories: San Diego Real Estate, Selling San Diego Real Estate
The Home Selling Process is actually not that complicated once you understand the major components of it. Understanding what is involved will help you make the right decision when choosing a REALTOR® to help you sell your home. There are six basic steps in the Home Selling Process. In Part 2 that will follow this posting, I will walk you through the Closing Process that will begin once you have an accepted offer through to the Close of Escrow.
Step 1 The first thing we will do is to be sure you establish a good price for your home. Improper pricing is the most common mistake that costs home sellers thousands of dollars.
If the price you agree to is too high it will sit unsold and become stigmatized or shop-worn. Finding the appropriate price sets the right stage for the entire selling process. A great benefit to you is to get in the right frame of mind for the sale. Be objective and remember that selling your home is a business transaction, and you need to put your personal feelings and attachments to your home completely out of the equation. This is critical! Keep in mind that potential buyers are not looking to buy your home, they are looking to find a house that they can make into their home.
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Federal Predetory Lending Legislation Moving To Front Burner
September 11th, 2007 categories: Buying San Diego Real Estate, Legislative, San Diego Mortgage Banks and Loans Info, San Diego Real Estate, San Diego Real Estate News
Congress is right smack in the middle of a huge quagmire. There are factions of congress that are proposing legislation that goes beyond the lenders practices they want to clean up.
In particular there is legislation being discussed that wants to reach down to the investor level that buy the mortgage securities. One such proposal has the mortgage securities and the investors that buy them to be held liable for any loan fraud involved in the securities that the packaged loans for investment contain.
The fear in any such bill is that if mortgage securities and the investors have to review each of the loans, it could spell disaster and be a sword whose edge cuts negatively on both edges.
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Baby Boomers Have Specialized Housing Demands
September 8th, 2007 categories: Buying San Diego Real Estate, Local San Diego News You Can Use, San Diego Real Estate, San Diego Real Estate News, San Diego Relocation, Selling San Diego Real Estate
The huge baby boomer generation seems to prefer new housing in restricted developments for the 55 and older crowds.
According to the National Association of Home Builders, NAHB, these communities are seemingly getting faster approval from local building departments than others as they require less infrastructure for school children and bring in the same or even higher taxes.
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Fixing Our Overcrowded Transportation System In San Diego County? Taxes or Tolling ?
September 5th, 2007 categories: Legislative, Local San Diego News You Can Use, San Diego Real Estate, San Diego Real Estate Legal, San Diego Real Estate News
Have you noticed how willing our state legislators are to spending the tax revenues? Rhetorical question of course. How could one help but notice? The better question to ask is on what? It isnt like our roads and infrastructure are forefront on their 1st page of discretionary spending.
If the funding was for maintaining streets and bridges, thats one thing but since it isnt sexy, those funds are appropriated for things in districts that hallmark the legislators image. And what would that look like you might wonder. Well we are all wondering, but we can be sure the funds are going there because they certainly are not going to streets and bridges and other aging and updated infrastructure.
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NAR and US Conference of Mayors Names San Diego 2007 Ambassador City
September 3rd, 2007 categories: Local San Diego News You Can Use, San Diego Mortgage Banks and Loans Info, San Diego Real Estate, San Diego Real Estate News
NAR President Pat V. Combs and my friend NAR President-Elect Dick Gaylord along with the US Conference of Mayors, presented San Diego Police Officers Association President Bill Nemec with a plaque and check for $5000 in recognition for San Diego’s ” Everyday Heroes” program.
The money to will be used for the “Everyday Heroes” program started by the San Diego Association of REALTORS Ambassadors Foundation. All fundraising by SDAR is from member contributions, grants, special events and specific annual fundraisers.
By working with our partners to provide lower interest rates for police officers who buy homes in San Diego, Realtors® are making homeownership more affordable and accessible for those who play an essential role in insuring the safety and security of this community, said Gaylord.
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