Aug. 22, 2017

Why You Need to Sell This Summer

Why You Need To Sell This Summer

The market is hot, hot, hot! With interest rates at an all time low for buyers, the market has turned into a feeding frenzy, and home sales are skyrocketing in prices. In such a high demand, seller's market, homes are selling for record breaking prices, which means more money in your pocket. If you have been considering selling your home, doing so in today's market will bring you a larger sales price. Don't wait for the market to shift when interest rates begin to start going up again. The National Association of Realtors has gathered data to predict a strong 6 months of sales throughout the United States. And with such a large group of buyers hunting for homes during the summer months, you have a great potential to sell your home quickly, and move on to bigger and better things sooner.

This is also a great buying opportunity if you are wanting to transition into a new home. Low interest rates equate to more savings. You could potentially end up getting a bigger home for the same monthly payment cost when you buy your next property. And with such a hot market, there are more homes for sale, which means you can find the right one. 

If you have not already spoken with an agent, get in touch with one to get a complimentary CMA. See if the numbers work out for you and/or your family, and if moving is something you want to do. Whether you are re-sizing, or moving to a different state, your agent can get the numbers in order to make sure it's in your best interest to transition in today's market. Don't wait and lose tens of thousands of dollars in your sale price!

Oct. 13, 2016

JUST LISTED 3205 Meadow Crest Pl, Escondido

Beautifully upgraded Hidden Trails home for sale!

3205 Meadow Crest Pl, Escondido

4 bed | 3 bath | 2265 sqft | 3 car garage | 1/3 acre lot

Don't miss your chance to view this lovely 4 bedroom 3 bath home for sale in Escondido. Situated on an extra-large 1/3 acre, corner lot, you will have room for everyone. Just minutes from Frances Ryan Park, this home makes weekends a pleasure.  

Call today to view the custom kitchen cabinetry, stainless steel appliances, marble backsplash, gas cook top and large step-in pantry. Picture your loved ones gathering around the large kitchen island. And enjoy relaxing with your coffee in the sunny breakfast nook overlooking the back yard. You will have years of quality time in the family room. Convenient first-floor, full bedroom and bath allow easy access.  Low maintenance tile flooring throughout the first level. Fully fenced and private corner lot. Desirable features include separate indoor laundry, granite counters in all bathrooms. Master bedroom is spacious with mirrored walk in closet, dual master vanities and separate garden tub and stand-up shower. Large windows and high ceilings make this house light, bright and spacious. See it today! Contact listing agent Sandra Kebert, Keller Williams 619.823.0765

Posted in Just Listed
Aug. 17, 2016

Coming Soon 7740 Calle De La Estrella Pine Valley

Be the first to see this energy efficient 3 bedroom 2 bath single level home. Not yet on the MLS - so don't wait to call for an appointment. You will be saving money with the solar installed, new double paned windows and sliding glass doors. 

In addition, there is a new 30-year roof installed one year ago. Sellers have been receiving a credit with SDGE since installing the solar and energy efficient upgrades. Vaulted ceilings in living and dining room give a spacious open feeling. During the Winter you can cozy up to the fireplace in the family room. Enjoy the functional kitchen with tons of storage and window overlooking the huge backyard. Home features large, bright windows throughout to enjoy the seasons. Extra large master bedroom has 2 full size closets. Stop fighting in the bathroom - there are dual vanities in the attached master bath. Indoor Laundry room. You will have all the space you need for outdoor activities on the flat, useable 1/3 acre fenced yard including two double gates.  Do you have an RV or boat you need to store? Plenty of room on the sides of this house. Raised garden beds are ready for you to exercise your green thumb. Check out the Virtual Tour for more photos. Call Sandra Kebert to set up an appointment to view this wonderful home 619-823-0765

Posted in Buying, Coming Soon
June 21, 2016

Is it Smarter to Rent or Buy in San Diego

Recently, Apartmentlist.com reported that rents in San Diego have increased by 4.8% over the past year. Are you feeling the pinch? Without a doubt we live in one of the most beautiful places in the country and pay a high 'sunshine tax'. With the average rent for a 2 bedroom running at $2050 as of June 2016 (see complete article here), it can start to feel like you are throwing money down the drain. In fact, the article states that San Diego has the fourth highest rental costs in all of California. 

Where is your rent going each month?

Have you every thought about where those rental dollars go? Your landlord very likely has a mortgage on the property you are renting. Your rent each month pays for that mortgage. Essentially, when you pay rent each month, you are paying a mortgage, it's just not yours!

Wouldn't you like to find out if it is smarter for you to rent vs buy?

Let's figure this out, shall we? Check out the rent vs. buy calculator below. Follow along with my example and then try it with your numbers.

Let's say your rent is $2050 per month and the annual rent increase is 4.8% for Step 1. In Step 2 let's put in a house price of $420,000 which is a decent entry level home price in East County currently. Leave all of the other factors in step 2 as is, they are pretty accurate for our area. 

Going on to Step 3, We can type in a loan amount of $405,300 based on an FHA loan with a down payment of $14,700, which is the minimum possible down payment of 3.5%. (You could also use a zero down payment VA loan if you are a veteran, or a zero down payment USDA loan in certain parts of San Diego County. Contact me to find out more) Then we can put in an interest rate of 3.5% for the mortgage, and 30 years for the mortgage term and leave the points at 1. 

In Step 4 you will need to put in your current tax rate, as it will vary with each person. For this example, we can leave it at 26%. According to an article by Nerd Wallet, the average San Diegan pays 25.91% in taxes, so it's a pretty safe estimate.  For the annual property taxes we can put in 1.1 and toggle to % vs the $.  Leave the insurance and PMI as is, they are good estimates. 

When we click 'show results' and then 'switch to plain English', the calculator tells us that we will save money buying vs renting! Here is how it reads: 

"If you were to pay $2,050.00 per month, for example, and the average rental payment increase was 4.800%,you would pay $135,388.52 in a 5 year period toward rent. If you purchased a home and borrowed $405,300.00 with a 3.500% interest rate, and you paid $900.00 every year toward its maintenance, you would pay $154,431.19 in a 5 year period toward mortgage payments if your Federal tax rate is 26.000%, you pay $1.10 in taxes each year and your annual insurance rate is $1,500.000.

When you consider your tax benefits and the appreciation of your home, however, you will actually SAVE money by purchasing a home. If your home shows an annual appreciation of 5.000% and your selling cost is 7.000%, your house appreciation value will be $536,038.26. As a result,your total home purchase benefit will amount to $122,990.45."

Now you try it with your numbers:

 

Did you discover that buying is better than renting for your family? I'd love to help you find a great first home. Give me a call and I will connect you with a terrific lender to help you get pre approved today. Then we can get out there and look for your perfect home and real estate investment! Start browsing the newest listings for affordable homes in East County now on this site.

March 25, 2010

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Posted in Selling