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Pam Parton and Joanna Wooley

Archive for the 'Buyers' Category

APPROVED Short Sales Increase in North San Diego County

April 9th, 2009 by Pam & Joanna
Categories: Buyers, Real Estate News, Sellers
Comments: 3

approved1 If you have been shopping for homes anywhere at all, you will soon realize the pain and agony of the all too familiar Short Sale. The market is flooded with them.

Many buyers and their agents are refusing to even look at them anymore. The length of time it takes to approve and the disappointment of being rejected or out bid after waiting months for an answer is just too difficult for many buyers to take.

It looks like things might be changing though. Suddenly, even the short sales are getting multiple offers and are refusing anymore showings or anymore backup offers.

You have to be quick in this market. If something good comes on the market at a good price, you better grab it, and don’t pussyfoot around about it either. Put in your highest and best right up front, if you don’t, someone else will come along right after you and push you right out of your position with a stronger and better offer.

I took a look at a few cities in San Diego North County to see what percentages of shorts sales were on the market and how many of them are actually being sold. I was pleasantly surprised to see how many are currently pending sale. This must mean that the banks are finally approving them and are possibly getting their systems in place to deal with them at a more efficient level.

The cities I took a look at were Escondido, San Marcos, and Valley Center, here is what I found;

902 Active listings with 460 of them being Short Sales, that is 51%

367 Pending listings with 238 of them being Short Sales, that is 64%

534 Sold properties year-to-date with 139 of them being Short Sales, that is 26%

I am highly encouraged by the percentage I see for the current pending listings. It actually looks like we could be shifting a bit here. Maybe the banks are catching up and they are tired of owning homes.

This is not to say that we have seen the last of the foreclosures though. I think we still have quite a ways to go.

If you are out looking and have been shying away from the short sales, maybe you should give it another chance. Many of the Short Sales out there have already been approved and you wont necessarily have to wait through it.

Whether you are a buyer or a seller, if you need help in the Short Sale department, you can give us a call. We are here to help and we answer our phones.

Pam and Joanna
760-580-1615 or 760-580-1630

Homes Sold Valley Center January 2009

February 12th, 2009 by Pam & Joanna
Categories: Buyers, Market Trends Statistics, Sellers, Valley Center
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Current Market Trends for Valley Center, CA 92082
January 2009

This is just a snapshot of the activity in the Valley Center real estate market for January 2009.

There are many factors and variances concerning all properties, but this will give you a pretty good idea of the current value of homes in this area.

If you are a seller, be sure to price aggressively, there is a lot of competition with bank owned foreclosures and short sales. If you are a buyer, all I can say is…GET EM WHILE THEIR HOT!!!

What ever side of the fence you’re on, you don’t need to figure it out on your own, we are here to help, give us a call or an email, and we will handle the rest.

Pam and Joanna
760-580-1615 or 760-580-1630
pamandjoanna@gmail.com

Homes Sold Escondido November 2008

December 13th, 2008 by Pam & Joanna
Categories: Buyers, Escondido, Market Trends Statistics
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Current Real Estate Market Trends Escondido, CA
November 2008

Click To Enlarge

Call Pam and Joanna for a detailed Market analysis for the homes in your area, or to find the best values in the area of your choice!

When Buying a Home in San Diego County-What Should I Look for in a Neighborhood?

October 7th, 2008 by Pam & Joanna
Categories: Buyers
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Some neighborhoods speak loud and clear at first glance; the quality of life is apparent in the street,parks,buildings,homes and yards.

You get a feel for it (either for or against) just by looking.

A real estate agent can,of course, fill you in on community details not so obvious at first glance:

Where schools, supermarkets, libraries, hospitals, places of worship, fire and police stations are located.
What zoning regulations apply.
What community services are available.
What shifts in transportation facilities are occurring.
How home values have been affected by foreclosures.
What tax rates prevail.

For a more intimate impression,you should walk around a neighborhood that looks attractive to you. Visit the schools your children will attend to confirm district boundaries and comparisons with other schools.

Talk with local people (ask about commuting schedules and costs), in shops (chat about where the best stores are), in parks (get folks talking about recreational programs), in front yards (ask what they like and dislike about the neighborhood).

You might take photos as you tour different locales. They’ll help you later when you want to keep different streets and homes seperate in your mind. Also take notes to later compare, especially addresses and prices.

Inspecting a neighborhood is as necessary as inspecting the home you may buy. An old real estate maxim says. “The best time to think about selling your home is when you’re buying it.” That’s because location will be a prime factor influencing future buyers when it comes time to sell your home.

Ca Title Co. contributed to this article