3 Things Sellers will Love This Spring

For many home sellers, there’s no better time to list than the spring, and for good reason: This is peak home-buying season, folks! Buyers turn out in droves once warmer weather finally arrives, bringing people out of hibernation mode, and bidding wars abound as buyers look for ways to one-up their competition.

 

 

All the demand

While home sales decline in the winter (chalk it up to bad weather and holiday obligations), many home buyers blitz the housing market in spring, says Dossman. To meet that pent-up demand, many sellers list their homes at this time of year. It’s no surprise, then, that the lion’s share of real estate agents say March, April, and May are the best months to sell a home. With so many buyers competing for homes, sellers may be in a stronger position to spark bidding wars.

 

Selling in warmer weather

Open houses are often more successful during the spring than in the winter, says Dossman, since the nicer weather makes buyers more willing to emerge from the comfort of their homes to shop for houses. Another boon for home sellers: Daylight saving time gives buyers more time to look at houses, which means your property can potentially be seen by more people, says Dana Hill, vice president of Buyer’s Edge Realty in Bethesda, MD.

That said, “Sellers still need to do some prep work before holding an open house,” Dossman adds. To make sure your home is ready to be seen, do a thorough cleaning, remove such personal belongings as family photos and religious artwork, and trim your lawn for maximum curb appeal. Pro tip: Take a hike for a few hours during the open house. Buyers will feel more comfortable asking questions of your agent if you’re not hovering in the background.

 

The higher valuations

When your home’s value is assessed by a home buyer’s appraiser, the appraiser will look at data for comparable homes (or “comps”) that were recently sold in your neighborhood. The good news: With more homes selling in the on-season, the comparable data tend in your favor, Hill says. In other words, your house is more likely to pass the home appraisal, assuming that you’re selling it at around its fair market value.

 

 

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5 Spring Home-Hunting Tips for Buyers

Spring is just around the corner and not only flowers are popping up everywhere, houses are also being prepared for the spring selling season.  Home owners typically sell during spring, and buyers are taking advantage of this huge opportunity to get the best home. There is competition among buyers who want to get the best pick.  In this adrenaline-driven situation, it pays to follow these 5 house hunting tips so you would will not be left behind.

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1. Canvass your dream house, the old-fashioned way. Close your laptop and go to open houses. Online listings are good sources of information, but nothing beats seeing the house with your own two eyes. It’s a great idea to go online, research the house you want and set up alerts so you know when a new house is being put in the market. However, if you really want to find your perfect house, you have to get up from your desk and get on your feet. The spring season means higher demands for houses, therefore buyers should always be in the position to decide quickly.

2. Research market trends. Housing trends are forever changing. What’s ok now might not be good tomorrow and what seems to worthless today could be worth a fortune in the coming years. As a buyer, you have to be informed of what’s happening in the current market as well as the past trends in the housing industry. This would give you a chance to compare and formulate marketing predictions that would help in your decision making. Take note that these trends have a huge impact on house prices so the more you know, the better chances for you to get a good price. Don’t forget to research both local and general markets.

3. Take advantage of low mortgage rates. Act now while mortgage rates are historically low. Having low interest rates allows you affordable payments for a long time. Mortgage rates are very unpredictable so you have to take action the minute it goes down.

4. Build your team. Everything is fast-paced today with the market on hype due to spring season. As a buyer, you have to make sure that everyone you are working with is ready to go so you’ll have a smooth and fast transaction. Your home buying team should include a knowledgeable real estate agent, lender, lawyer and inspector. To save time, make sure you get pre-approved first so you can quickly submit your bid once you find the right home.

5. Prepare deal-breakers. In a bidding war, you will come across other buyers who are also well prepared. In order to win, you have to sweeten your offer to entice the seller to choose you. How do you do that? You can offer a higher down payment or even forego some contingencies (consult with your team first).

However, the most important advice is BE PREPARED. When that perfect house or opportunity comes up, make sure that you are ready to grab it.

Why You Should Sell Your Home in 2019

Few people are predicting that 2019 will be a record-breaking year for home prices.

Relatively speaking, 2019 might seem to be the best time for you to put your house on the market especially if you’re on the fence about selling this year or next.

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Home price growth slowed in the second half of 2018, with fewer buyers entering the market, at least partially due to rising interest rates issued by the Federal Reserve. In 2019, consumers shouldn’t expect homebuyers to flood the market again and drive prices through the roof, but it’s also unlikely to be a crisis for home sellers.

If you’re weighing your options to sell, considering selling this year or maybe the year after, don’t play the waiting game.
Here are four reasons to sell your house in 2019:
  • New buyers are still entering the market.
  • Interest rates are still on the lower end.
  • You have high equity.
  • Selling now will be better than waiting till 2020.

New Buyers Are Still Entering the Market

With available housing inventory remaining low, even with rising interest rates, buyers who are ready to make a purchase will still shop for homes. The biggest wave of new homebuyers will be among millennials, who are mostly first-time buyers. According to Trulia, more than one-fifth of Americans between ages 18 and 34 said they plan to buy a home within the next 12 months. Already, millennials make up the largest share of homebuyers at 36 percent, according to the National Association of Realtors, which released the number in March 2018.The bottom line: While houses may sit on the market for a few more days on average compared with 2017 when the market was white-hot, buyers remain active and it’s still possible to profit from your home sale.

Interest Rates Are Still Low-ish

Mortgage interest rates have been on a bit of a bumpy road over the last few months. Interest rates for a 30-year, fixed-rate mortgage reached their highest level in over seven years in November 2018, when they hit 4.94 percent, according to Freddie Mac. As of the end of February 2019, however, interest rates are down slightly to 4.35 percent, which is much lower than the historic high of more than 18 percent in 1981.
It’s important to keep in mind that while mortgage rates tend to mirror the Fed’s interest rate activity, mortgage rates are based on the market in that moment, your financial status and the property you’re looking to purchase.
A sudden leap in mortgage interest rates is unlikely in 2019, though rates are predicted to continue to climb.
If you’re looking to get the lowest interest rate possible on your next house, try to make a deal sooner rather than later.

 

You Have High Equity

Homeowners who bought during the recession or shortly after benefited from historically low interest rates and, up until around 2015, lower home prices that were still in recovery mode. If you fall into that category, your home equity has risen with nearly every mortgage payment, each renovation you made to the house and all the other houses on the block that sold for a higher price.
The higher your equity in your home, the more you net from the sale, which can easily go toward the down payment on your next house. The larger your down payment, the better you look to lenders and the lower your interest rate will be, and the less likely you’ll need to increase monthly payments with private mortgage insurance.

Selling in 2019 vs. 2020

If not selling your home in 2019 means putting your house on the market in 2020, the sooner option is the best one. In a survey of 100 U.S. real estate experts and economists by real estate information company Zillow, released in May, almost half expect the next recession to occur in 2020. Another 14 percent believe the recession will hold out until 2021, while 24 percent of panelists expect the recession earlier – sometime in 2019.
Whether you believe the recession is imminent or a long way off, current real estate patterns indicate a sudden upswing in activity or prices is unlikely in the near future. Real estate markets tend to operate on a cycle of their own, the length of which varies by market but can be between 10 and 16 years total and flow from a seller’s market to a buyer’s market with a period of balance in between.

Tips for Finding the Right Seller

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The best seller is one who is highly motivated. A highly motivated seller is more likely to sell at a price that is less than his or her house is actually worth. And it matters that you find out why. Learning the reason why can help you get the price you want and help the seller get what they want: a timely sale.

When given the opportunity to meet with sellers, ask them why they are selling. The reason could be anything, such as a job change to a new location or financial problems. If you can solve their problem, whether it is cash related or time related, do so. For example, if the sellers are highly motivated because they need to move quickly, give them a fast sale – and a lower price. If you can make an offer, even a low one, that gives them cash in a short time, they are more likely to accept.

There are also some sellers that you should avoid. Not every seller is as genuinely motivated as they make themselves to be. Some possible hints:

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  • they stall on having the home appraised or inspected
  • they are unable to clear up liens against their property
  • they do not own 100% of their property
  • they push back the move-out date
  • they do not have a replacement property or back up plan
  • etc.

It is impossible to find the perfect seller. But it is possible to find out which sellers are legit and which ones aren’t.

26 New Home Communities in San Diego

Do you dream of owning a brand new home? You’re in luck! San Diego has several new home communities that you can purchase in. See one that catches your eye? We would love to help you purchase the home of your dreams!

(Subject to builder availability)

1. LEXINGTON – Escondido, CA

 

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  • 10,000 sq. ft. and above homesites
  • Quick and easy freeway access
  • Just a few blocks from Reidy Creek Golf Course
  • Sprawling 1-story homes available
  • Near San Diego Zoo Safari Park

2. RIDGELINE – Lakeside, CA

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  • Located in Lakeside, CA, with easy access to I-8 and surrounding Santee, El Cajon, La Mesa and San Diego, CA
  • Amenities to include tot lots, parks and BBQ areas
  • Shopping and dining nearby at East County Square and Parkway Plaza in El Cajon, CA
  • Outdoor activities at Lake Jennings in Lakeside, CA
  • Easy access to San Diego Trolley and downtown San Diego, CA

3. RIVER VILLAGE – Santee, CA

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  • Close to I-8, Hwy. 52 and Hwy. 67 for easy access to San Diego and other East County cities
  • Minutes to San Diego State University and Grossmont College
  • Outdoor recreation nearby at Lake Jennings, Lake Murray, and Padre Dam Park
  • Short drive to shopping, dining, and entertainment at Santee Trolley Square
  • Close to hiking, biking, and fishing at Walker Preserve Trail

 4. BAYSIDE LANDING – Imperial Beach, CA

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  • Recreation Center with pool and spa
  • 1 mile to the beach!
  • Close to Downtown and connects to bikeway
  • Stunning wild life refuge view lots available
  • Weekly Farmers Market at the Pier

5. CIVITA – Mission Valley, CA

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  • Open floor plans
  • Close access to the major freeways like and 805
  • Hotel feel with wrap-around windows
  • Located in brand new community
  • Close to Downtown and connects to bikeway

6. OLIVE HILL – Bonsall, CA

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  • Beautiful Valley Views
  • Each home is approximately 2,962 to 3,846 square feet
  • Attached three and four-bay garages
  • LivingSmart® features and options
  • Scenic trails and easy access to highways and roads

7. ARTESIAN ESTATES – Del Sur, CA

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  • Ideally located on the western peak of the master-planned community of Del Sur
  • Large, open floor plans feature state-of-the-art kitchens and vast indoor-outdoor entertaining spaces
  • House size ranges from 4,223 – 5,600 Sq ft.
  • Optional guest suites or cabanas beautifully accommodate guests
  • Amenity highlights include swimming pools, scenic trails and preserved open space

8. PACIFIC HIGHLANDS RANCH, CA

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6 New Home Communities: Artesana, Almeria, Olvera, Casavia, Casabella, and Casabella Collection located in Pacific Highlands Ranch 

  • 1,300 Acres of preserved natural habitats
  • Energy efficient homes
  • Highly-ranked schools and convenient shopping centers accessible
  • Multi-use trail system for hiking and biking along with a private recreation center
  • LivingSmart® energy saving features and options

9. RANCHO TESORO – San Marcos, CA

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4 New Home Communities: Terracina, Vientos, Candela, Westerly

  • Premier San Marcos location south of the 78 freeway and near San Elijo Hills
  • Master planned community
  • Detached homes ranging in size from 2,211-3,565 sq ft
  • Select Rancho Tesoro neighborhoods are gated
  • Set at nature’s threshold with trails, parks, and private recreation areas

10. ESCAYA – Chula Vista, CA

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  • Eclectic mix of Farmhouse, Ranch and Spanish homes
  • 27 floorplans in total
  • Community amenities include the Village Center, neighborhood park, dog park, pool, and private clubhouse
  • New K-6 school
  • Close to Otay Ranch trail system and regional park

 11. ESTATES AT DEL SUR – Del Sur, CA

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  • Estate-caliber homes on quarter- to one-acre lots with views set behind private gates
  • Master Planned community
  • Integrated Single level and Two-Story floor plans with 4,396-7,384 square feet of living space.

12. AVERY POINTE AT VERIDIAN – Del Sur, CA

  • Gated townhome community overlooking a picturesque ridge and surrounded by open space
  • Neighborhood amenities include a recreation area with swimming pool, spa, outdoor barbeques and lounge area plus an intimate community park
  • Inclusion in the acclaimed Poway Unified School District, just minutes from Del Norte High School

13. MONTESSA – San Marcos, CA

CalAtlantic Homes Residence 1E - Old World Spanish of the Montessa community in San Marcos, CA.

  • Boutique collection of 19 brand new homes ranging from 3,017-3,449 sq ft, and featuring the latest technology
  • Open concept homes with expansive gourmet kitchens, and featuring indoor/outdoor California Rooms
  • Centrally located in beautiful San Marcos, with convenient access to the I-15 & I-78
  • Surrounded by neighborhood conveniences, schools, dining and entertainment destinations

14. TAVARA RIDGE – Clairemont, CA

CalAtlantic Homes Residence 1B - California Ranch of the Tavara Ridge community in San Diego, CA.

  • Downstairs bedroom with bath offer private space for overnight guests and first floor owner’s suite (on select plans)
  • California Room offers indoor/outdoor living area for entertainment and relaxation space
  • Centrally located and nestled along the canyon’s edge in Clairemont
  • Featuring the latest in technology and solar roof panels

15. ENCINITAS ENCLAVE – Encinitas, CA

  • 19 new, estate-style residential retreats
  • Offering up to 5,178 square feet of living space
  • Close to all the amenities Encinitas has to offer including some of the most famed beaches in the world, downtown Encinitas, Del Mar Racetrack, Flower Hill Promenade and more

16. MILLENIA – Chula Vista, CA

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  • Millenia is surrounded by great neighborhoods and Otay Ranch Town Center
  • Minutes away from fishing at Lower Otay Lake
  • Close to additional grocery stores, banks, dry cleaners, and more
  • Home ownership choices range from two to four bedrooms in a dynamic mix of living styles

17. LUCENT II –  Mission Valley, CA

  • Wide-open floor plans are graced by glass on three sides and wrap around balconies to flood the interior with sunlight and expansive city lights.
  • 4 floor plans ranging from 1,457 to 1,878 square feet
  • Lucent II brings the feel of a luxury hotel to the Civita community

18. VISTA DEL CIELO – Chula Vista, CA

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  • 52 single-family homes with impressive dimensions inside and out
  • Offers 4 large open floorplans with one & two story living ranging from 3,873 to 4,936 square feet.
  • These homes include the multi-generational suite, which features a private living space, bedroom, bath and entry door

19. CROWN POINT – San Elijo Hills, CA

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  • These homes feature large homesites and spectacular views
  • Featuring up to approximately 4,987 sq. ft., this collection of new homes is taking luxury to new heights
  • Exquisitely designed gourmet kitchens, large master suites with walk-in closets and the secondary living spaces that include California rooms with fireplaces, bonus rooms, game rooms and courtyards, per plan

20. Z AT MILLENNIA – Chula Vista, CA

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  •  Z is a neighborhood of 106 attached condominiums
  •  Three floor plans measuring approx. 1,288 -1,475 square feet
  • 2-3 bedrooms and 2.5 bathrooms

21. ELEMENT AT MILLENNIA – Chula Vista, CA

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  •  Element at Millenia is neighborhood of 70 detached condos.
  • Offering four distinctive floor plans measuring approx. 1,775- 2,248 square feet.
  • 2-4 bedrooms as well as 2.5-3.5 bathrooms

22. HARMONY GROVE VILLAGE – San Marcos, CA

CalAtlantic Homes Colton - Residence 1A - Cottage of the Lusitano at Harmony Grove Village community in Escondido, CA.

  • A part of the Master Planned Community of Harmony Grove Village. Resort-style amenities include The Grove Recreation Center with swimming pool, spa and children’s wading pool plus BBQ areas, shade structures and playground
  • Conveniently located just west of the I-15, close to the SR-78 and minutes from sought-after shopping and dining, Lake Hodges, Elfin Forest, Safari Park and more

23. SUMMER HOUSE AT AUBERGE – Del Sur, CA

CalAtlantic Homes Plan 3B - Tuscan of the Summer House at Auberge community in San Diego, CA.

  • New 55+ gated community with resort-style amenities
  • Surrounded by open space
  • Located within the premium master-planned community of Del Sur in San Diego’s North County
  • Offers ranch-style living for active adults with two-story floor plans, with all plans offering a first floor master suite, kitchen, living and dining areas

24. THE SUMMIT – San Elijo Hills, CA

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  • Enjoy community parks, trails and an energetic town center—all just miles from the Pacific Ocean
  • 3,070-4,670 square feet of living space
  • 3-7 bedrooms

25. THE ESTATES – San Elijo Hills, CA

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  • The Estates offer 58 luxury single family residences with spectacular views
  •  Ranging from 4,581 to 6,322 square feet, this community features elevations including Old World/Northern European, Spanish, Tuscan and Monterey architecture
  •  Offering flexible open-concept floor plans with interior courtyards, casitas and cabanas at select home sites
  • Nearby grocery stores, shops, eateries and convenient services; ample parks, trails and award-winning schools

26. LAUREL COVE – Encinitas, CA

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  • Seven distinctive floorplans
  • Coastal Bungalow, Coastal Cottage and Spanish Colonial architectural styles
  • Buyers can choose from single- and two-story designs with 3 to 5 bedrooms, 3 to 4.5 baths and 2- or 3-car garages. Select plans will also offer dens and lofts.
  • 2,030 to 2,995 sq. ft. with generously-sized backyards ideal for family or entertaining
  • Located a stone’s throw away from Swami’s and Moonlight Beach, highly-rated schools and bustling downtown Encinitas

Recently Sold: February 2013

27th St.

From the MLS Listing:

“Gorgeous CA Craftsman located in the coveted Beach Colony.  As beautiful on the inside as the outside. This newer home includes 3 bedrooms and 2.5 baths.  All bedrooms are upstairs.  Enjoy the wrap around porch, stunning reclaimed wood floors, gourmet kitchen with stainless steel appliances and a grass backyard.  The homes also includes a detached 420 sq. ft. two car garage.  Across the street from Del Mar beaches and just one block from Dog Beach.  Great rental income producing property. Pending for $2,499,999.”

27th street

E. I St.

From the MLS Listing:

“Views to Swamis & so close to downtown Encinitas. Enjoy all the beachy lifesyle has to offer in this lovely Craftsman bungalow; most bedrooms have blue water views! Kitchen, completely updated w/ granite counters & SS appl. Beautiful bamboo floors throughout most of down stairs. Kit & Sun rooms have tile. Fresh paint in most rooms. Large permitted sun room makes ideal family room. Private master with lovely blue water  views. Home is surrounded by low maintenance gardens. MacPherson park across the st. Pending for $1,185,000.”

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Fairway Ct.

From the MLS Listing:

“Rarely on the market! Mid-century golf course home at De Anza.  Just a short walk to the clubhouse and first Tee. Sunny exposure for warmth and light. Tasteful kitchen and laundry room additions for easy living. Beautiful pool area shared by 4 neighbors complete the resort feeling. Pending for $219,000.”

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Additionally, Coastal Premier represented the buyer on one other property.

Raven Ave.

From the MLS Listing:

“Don’t miss this well maintained, pride of ownership, 3BR, 2BA house with NO HOA or Mello Roos!!! Home boasts a huge living room, open kitchen, large bedrooms, ceiling fans, dual pane windows, private fenced yard, newer roof, and RV parking. Ocean breezes with a peek ocean view. Greg Rogers Park is only 2 blocks away. Close to shopping, freeway access, & more!!! Don’t hesitate, this one will go fast!!! Sold for $308,000.”

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