Archive for April, 2008
Featured Home: The Grande North
Filed Under categories: Columbia District, Featured Home, News You Can Use
posted by Kea on April 23rd, 2008
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The Grande North 1205 Pacific Highway #3006, San Diego, CA 92101
$1,249,000
2 bedrooms+den/ 2 bathrooms
Approximately 1,684 square feet
With gorgeous city views and the dazzling bay in front, this unit at The Grande North will surpass your expectations. Designed with beautiful, maple hardwood floors and cabinetry, slab granite in kitchen and baths and state of the art appliances, this unit has so much to offer the discriminating buyer.
Click here to view additional information and photos
Click here to view a community tour of The Grande
San Diego: Still Want To Rent??
Filed Under categories: Buying, Finance, News You Can Use, Real Estate News, Real Estate Stats
posted by Raye on April 22nd, 2008
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When a market changes from a seller’s to a buyer’s market, it’s not uncommon to for sellers to try and rent and “wait it out”, if they can and for buyer’s to rent and sit on the sidelines licking their chops and waiting for “deals”. But, at some point, it becomes self-defeating trying to time that ubiquitous “bottom” and it’s time to get on with it!
Following are some statistics that should every current renter should know before signing another year lease:
The Department of Commerce reports that between 1995 and 2004, the average renter accumulated a little over $4,000 in net worth.
The average homeowner accumulated $184,400. That translates into $180,000 more, or $1,500 per month.
In other words, each month that the average first-time buyer continues to rent, it costs them $1,500 in lost wealth accumulation.
Furthermore, renters are subject to rent increases as well as higher tax rates because they cannot take a mortgage deduction.
San Diego Housing Market: Time To Jump In?
Filed Under categories: Buying, News You Can Use, Real Estate News
posted by Raye on April 21st, 2008
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The following article published in the usually negative San Diego Union Tribune on April 20, 2008, finds the silver lining in the declining housing market. It’s fairly obvious – it’s time to buy! Or, at least start looking around for a near future purchase. Will prices dip even further? Maybe, maybe not. No one, including the so-called experts can predict the bottom of a market. It’s so clear in hindsight. But, one thing is clear: real estate runs in cycles and we all agree we are in the downward part of the cycle and prices are adjusting. Affordability in the San Diego housing market is becoming a reality for more and more buyers. So, what are you waiting for?
Click here to read the entire article Silver lining in the midst of more bad housing news The San Diego Union Tribune by Dean Calbreath
Can You Believe It?
Filed Under categories: Buying, News You Can Use, Real Estate News
posted by Raye on April 17th, 2008
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As if a tough market were not enough, here comes some buyers suing their agent, protesting in front of his office for two years (someone needs a life!) and ultimately, losing their flimsy case as decreed by a jury with common sense. How ridiculous can it get? I don’t think we have seen the ultimate act yet.
Naturally, realtors are great targets for buyers and sellers frustration. But, ultimately, isn’t the responsibility for a transaction between the parties signing the contract?
Marty Ummel recently purchased a home in the San Diego area and sued her agent. Click here to read the full story.