San Diego Coastal Real Estate Blog

10 Reasons Why Real Estate Investors Should Buy Property Now

April 18, 2012

Buy San Diego Investment Properties…. Best Purchase Opportunity in Decades – Many commercial brokers believe that present market conditions provide an unparalleled buying opportunity to lock in significant real estate investment returns. Despite opinions of some real estate professionals, however, many investors remain on the fence. 1031 Exchange Opportunity – Investors with low basis properties [...]

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5 Things To Know Before You Move Into A Neighborhood

November 22, 2011

Research, Research, Research! 1. Check Megan's Law databases & call the local police department for statistics. 2. Is the area recession-resistant? Hardest hit areas with good deals may take longer to see value increases. How long are you planning keeping the home? 3. Does the neighborhood reflect your lifestyle? Do you look for museums, parks, restaurants, easy [...]

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Do you own a Condo or interested in purchasing one?

November 21, 2011

FHA has changed their requirements for approving complexes for financing. If the complex is not approved this means you or your buyer cannot get FHA lending which in turn leads alternative financing with a higher down payment requirement. The new FHA rules focus on budgets, reserves and insurance. FHA states this is to avert losses from delinquencies and foreclosures but it [...]

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20% Downpayment Proposal – What’s the latest?

November 14, 2011

The 20 percent proposal is alive but groups are still trying to bury it. The higher initial equity the lower the probability of foreclosure is the belief.  The proposal to require 20% down payment on all mortgages is most likely be pushed back until after the next election.  Analysts estimate this could prevent up to [...]

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VA Loans Have Better Performances Than FHA, Freddie & Fannie

September 21, 2011

And their underwriting requirements are more generous!  91 percent of its borrowers make zero down payments and they can go as high as 100% with no money down. Loan amounts go well into the jumbo range — currently $537,500 for San Diego County. Credit standards are flexible and generous. Underwriting rules encourage loan officers to [...]

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Historically Low Interest Rates

September 19, 2011

Take Advantage Now! We have fabulous interest rates. Loan are being funded. Even though everyone knows more paper work and hassle is required, deals are being closed. If people wait too long, the Fed’s rumored tighter qualifying guidelines could be in place and reduce qualifying power significantly, in some cases…in half. If there is another [...]

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Why are homebuyers walking from contracts?

August 8, 2011

An exceptionally large numbers of signed real estate contracts fell apart in June A few reasons buyers are cancelling contracts as given by realty brokers interviewed in an article by Kenneth Harney; of San Diego Union-Tribune. Inspections; Buyers are pickier and more demanding when defects are found in a home which frequently leads to contract cancellations [...]

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Investing in short term real estate in San Diego?

July 21, 2011

Are you prepared for what it takes to FLIP a property in San Diego? It may not be as simple as you think…. Research, research, research, sweat, sweat, sweat……this article follows 3 types of investors, large, medium and small.  Are you Goldilocks in the midst of the three bears? On the other hand there are [...]

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Loan Limit Reduction Still Looming Around The Corner

July 18, 2011

Buy a Home in Del Mar, Solana Beach, Cardiff or Encinitas Now….. October 1st is coming fast! Are you going to need another $151k down payment more than you we need today because of the loan amount reductions anticipated from $697,500 to $546,250 for San Diego County? Some banks are hoping to fill in the gap. [...]

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Senior Citizen’s Replacement Dwelling Benefit | California

July 18, 2011

Do you qualify? What are California Propositions 60, 90 & 110? Propositions 60, 90, and 110 are constitutional amendments approved by the voters of California. They provide for the transfer of a property’s base year value from an existing residence to a replacement residence, under certain conditions, for qualified persons over the age of 55 [...]

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