Poway 92064 Vacant Bank Owned Large House + Large Lot Valle Verde

4 bedroom 2 1/2 baths 3 car garage 2738 sq. ft large lot

Large Vacant bank owned house in Poway Located in the Stoneridge Country Club area in North Poway this home is minutes away from the golf course.  Large 11,000 sq. ft private lot offers lots of outdoor family opportunities.  Inside enjoy large rooms, upgraded kitchen counters, cabinets and appliances.  Downstairs includes a 15 x 19 foot bonus room which opens to the patio.  Upstairs are four bedrooms.  Laminate floors, fireplace, vaulted ceilings and room for lots of living. 

Call to see this beautiful home today.

Janet McCarthy

858-243-5719

jmccarthyhomes@gmail.com

Rancho Penasquitos 92129 Market Trends and Median Sales Price

San Diego, 92129 Market Trends

Today, February 3, 2010

Median Sales Price in 92129

 

This is a great report from Trulia that I found.  As you can see from the chart, 92129 Rancho Penasquitos is ahead of the San Diego median sales price – more in the $400k+ range than the $300k range.  PQ has fewer sales than the San Diego numbers but that is because of the size of the community versus all of San Diego. 

The third chart shows the most promising market news with the report for sales prices from last year versus this year.  Y-O-Y means year over year sales and the plus sign shows Penasquitos at 16.4% improvement.  Sept through November average sales price was $464,000 for 2009 and a year prior it was $398,750.  The market is picking up and PQ is  showing great progress.  I’m not very interested in the average sales price for 5 years ago because that was a highly inflated market and not realistic.  If you Sold at that time, congratualtions.

The most important take away information is that the market is improving and if you were thinking prices are still going down there doesn’t appear to be any indication of that change.  If you are thinking of buying or investing – Don’t wait.  Remember you buy low and sale high.  Purchase price affects your payment and your property taxes – so get moving . 

The $8000 tax credit for first time home buyers expires on April 30th, that is in less than three months.  Now is the time to take action because it takes the average buyer approximately three months to find the right house, get their offer accepted and close the deal. 

To see All the houses for sale in San Diego click on – www.SanDiegoForeclosureGuide.com or call me and I will set-up a custom search that will be emailed to you with all the current listings and any price changes.

Thanks

Janet McCarthy

jmccarthyhomes@gmail.c om

Embed Info

San Diego 92129

1 yr 5 yr Max

Location	Sep – Nov ‘09	y-o-y	3 months prior	1 year prior	5 years prior
92129	$464,000	+16.4%	$445,000	$398,750	$620,500
San Diego	$303,180	+2.8%	$298,286	$295,000	$465,000

Select chart to embed:  

Median Sales Price Number of Sales Copy & Paste HTML to embed this graph in your website:  

San Diego, 92129 Summary

The median sales price for homes in ZIP code 92129 for Sep 09 to Nov 09 was $464,000. This represents an increase of 4.3%, or $19,000, compared to the prior quarter and an increase of 16.4% compared to the prior year. Sales prices have depreciated 25.2% over the last 5 years in 92129, San Diego.

Rancho Penasquitos – 92129 -House for Sale $499,000

Every wish you knew something before anyone else? Well today is your lucky day. I have exclusive information about a house that will go on the market any day now.  4 bedrooms, 3 baths, 2000+ sq. ft, very nice neighborhood, quiet street, great schools, etc… It’s perfect and the price is great.  Rancho Penasquitos is one of the hottest markets in San Diego because of its great schools and location.  The last house I sold received 9 offers.  Over 100 people visited my Open House all active buyers who are trying to get a house in 92129. 

This is not a foreclosure or bank owned house and NOT a short sale.  Regular homeowner, regular sale.  YOu could close escrow in 30 days.  Time is ticking on the tax credit available to first time home buyers so don’t delay.  Get in the market.

Call me today for all the details and I could get you this house before it hits the market and all the crazy bidding starts. 

Thanks

Janet McCarthy

Keller Williams Realty

858-243-5719

jmccarthyhomes@gmail.com

Rancho Penasquitos – 92129 Market Report Revised

There are currently 45 houses for sale in Rancho Penasquitos - 92129.  Penasquitos is located in North San Diego between Poway, Rancho Bernardo and Scripps Ranch.  Located inland from Carmel valley it enjoys near perfect weather – although we did get are share of the flooding and rains that came last week.  It is part of the Poway Unified school district.

This market report covers Detached single family homes in 92129.  I searched for all Active listings from 3 to 5 bedrooms.  There is 1 house that is a two bedroom on the market however since that is not a typical search I elected to exclude it.

Time frames are for 11/01/2009 – 1/25/2010, a little longer than 90 days however I feel that including the entire month of November reflects a more accurate picture of the market considering the holidays during that time that limit both buying and selling activity.  Actually this particular market time frame is considered the slow time.

Currently there are 45 Active listings ranging in value from a low of $399-$429,000 4 bedroom 2 bath with 1344 sq.ft. to a high of $1,150,000 for a 5 bedroom 5 bath home of 4,467 sq.ft.  That’s a very wide range in home values and therefore the average sales price is simply an average of those numbers.  Therefore I will discard that particular information because it doesn’t have any real meaning. 

10 are short sales and 5 are bank owned or REO properties.  The moratorium on bank owned/ foreclosures is certainly reflected in these  numbers. 

There are 37 Pending sales ranging in value from $349,900 for a 3 bedroom 1 bath home to a 5 bedroom 5 bath home with 3,985 sq. ft. asking $899,900.  Market times for the pendings is inaccurate because of the short sales which average 3 to 5 months to complete.

There are 33 solds ranging in value from $405,000 for a 4 bedroom 2 bath with 1292 sq. ft. toa 4 bedroom 5 bath home with 3, 813 sq. ft. that sold for $870,000.  Excluding the three short sales the adjusted average sales time is approximately 35 days.

Range in asking versus sales price is stunning with the most dramatic loss for a bank owned property at $49,000 below the asking price.  I will analyze this home in another report.  Another bank owned property sold at $19,700 above asking price which is more typical.  the banks general marketing strategy is to price below market. 

In general the homes asking more than $660,000 suffered the greatest change in asking versus sold price at $23,000, $24,000, $14,900, $19,000 and $19,000 less .

Thanks

Janet McCarthy

Rancho Penasquitos 92129 Market Report

Data is collected from Sandicor MLS and covers the last 90 day period.  Search perimeters are for detached single family homes in 92129.

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Search perimeters are for detached single family homes in 92129. There are currently 26 pending sales in Rancho Penasquitos, San Diego 92129.  These are houses that have accepted an offer and are still in escrow. 

There are 14 Sold properties.  Average market time is 15 days.  Minimum is 5 and the maximum is 36 days.  These market times are very encourage and suggest that none of these properties were short sales.  The bank owned houses sold and closed escrow in a reasonable time frame.

The Solds ranged in value from a high of 495,000 to $719,900. Average sales price is $565,929.  Average is a very relative term when considering the fact that this group of homes was diverse and not necessarily comparable to each other. 

The difference between asking and sold was a high of $15,000 Above asking price and a low of $24,000 Below asking price.  These are the numbers that I regularly study.  I want to know why sellers had to lower their asking price and why some sellers got much more.  Is it that some sellers just got lucky or was it the timing or was it the agents expertise?  My last listing received 9 offers, over 100 people visited my Open house and the house sold in 10 days.  I had a clear Marketing plan when I took the listing that went far beyond simply signing the contracts and putting a sign in the front yard.  Preparation, planning, pricing and marketing must be carefully combined in order to get the highest market price.  There is a very simple reason sellers got a price above their asking price – Multiple offers.  If you are thinking of selling your homes then call me today and let me show you how to get more money for your house and sell it quickly

Thanks

Janet McCarthy

Keller Williams Realty

858-243-5719

jmccarthyhomes@gmail.com

FHA 90 day flipping rule Waived – Flipper Alert

Starting Feb. 1, 2010 investors can buy a property, fix it up and resale with no 90 day restrictions.  This will blast open the market like nothing before.  I predict major market activity. 

Read the details and call me. 

Janet McCarthy

Keller Williams

858-243-5719

jmccarthyhomes@gmail.com

HUD Temporary Flipping Requirements Rule WaiverPurchases Contracts Signed on/after February 1, 2010  

HUD has announced a temporary waiver of the 90 Day Flipping Requirements Rule.  The waiver is effective for FHA purchase transaction loans with purchase contracts signed on or after February 1, 2010.  Loans with purchase contracts prior to February 1, 2010 are not eligible for the waiver.
The waiver is limited to those sales meeting the following general conditions which are designed to protect FHA borrowers against predatory practices of “flipping” where properties are quickly resold at inflated prices to unsuspecting borrowers:
·         All transactions must be arms-length, with no identity of interest between the buyer and seller or any other parties participating in the sales transaction, including:  
·        Seller must hold title
·        LLC’s, Corporations and trusts must be established in accordance with state and federal law
·        No evidence of previous flipping within 12 months
·        Evidence that property was marketed openly; via MLS, auction, FSBO
·        If the sales price of the property is 20 percent or more above the seller’s acquisition cost, the waiver will only apply if the lender meets the following conditions:·        Significant work has been done to the home (documented by a second appraisal verifying that legitimate repair and rehabilitation has been done to substantiate an increase more the 20%); or,
·        In cases where no work has been done, the appraiser must provide explanation to support the increase since the prior transfer; and,
·        A property inspection must be provided to the buyer prior to closing.  (The lender may charge the borrower for the inspection.)  The inspector does not need to be FHA approved, but must have NO interest in property, must no receive compensation other than from the lender and may not be involved with the repairs recommended from inspection. 
At a minimum, the inspection MUST include:
1.      Property structure, foundation, floor, ceiling, walls and roof;
2.      Exterior, siding, doors, windows, any decks, balconies, walkways and driveways;
3.      Roofing, plumbing, all electrical, heating and A/C systems;
4.      All interiors;
5.      All insulation/ventilation systems as well as fire places and fuel burning appliances.
·        The waiver does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program.The waiver is scheduled to be effective for one year, unless otherwise extended or withdrawn by HUD.  If HUD discovers that there is a significant increase in mortgage defaults and claims attributable to the waiver, HUD may withdraw the waiver immediately.  
The complete text of the Waiver is available on the HUD website at: http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf

Foreclosure in Escondido $495,000

Beautiful New Home

 Open House this Sat 1/16 from 1-4 pm 

2659 Dundee Glen

Escondido, 92025

 

Come see this beautiful bank foreclosure in Escondido.  This 3 bedroom, 3 bath home was built in 2003 and has new windows, doors, cabinets, counter tops and a custom pool with jacuzzi.  Located in a private gated community in North Escondido it is vacant and bank owned.  Take advantage of the $8000,00 tax credit and move into a almost brand new home.

 

 

 

Enjoy this private backyard with pool & spa in this newly built house. With over 2882 sq. ft and a spacious backyard this home is either an entertainers delight or a great family home.

Asking price is $495,000 a great deal in a great neighborhood.

See all the houses for Sale in San Diego at www.SanDiegoForeclosureGuide.com

Thanks

Janet McCarthy

Keller Williams Realty

jmccarthyhomes@gmail.com

858-243-5719

 

 

How to Sell Your House and Get the Most Money

For the past two or three years homeowners have watched the value of the home fall by thousands of dollars. Short sales and Foreclosures have dominated and controled the market by offering houses at below market prices in order for the banks to reduce their inventory and by staying on the market too long.  Short sales take on average about 5 months to sell.   Many homeowners in San Diego who might have sold their home have stayed off the market waiting for improvement.  Now may be your opportunity to get your house sold for Top Dollar and faster than you may have believed possible.

There are three key elements to getting the most money for your home -

1.  Properly preparing your home for market.  There is tremendous value and power to the homeowner who will take the time to make improvements to their home.  I can help you evaluate your homes problem areas, eliminate buyer objections and reduce defects and often for very little money.  Painting, cleaning and decluttering your home add thousands of dollars to your home’s value and increase its marketability. Don’t hesitate to make these changes because they put you the seller in control and decrease the days on market. Curb appeal and backyard appeal can often be achieved with very little money.  Sometimes it is simply a matter of trimming trees and bushes. 

2.  Properly pricing your home.  This is a skill and an art because as much as a Realtor can research past Solds and know the neighborhood it is still an educated guess about how the market ( buyers) will respond to the list price.  The worst mistake you can make as a seller is to overprice your home.  I can almost guarantee that you will get less than the list price and that you will wait longer to receive an offer.  I prefer to price low and to use a value range.  Combining these two strategies will insure the highest market response and get you the highest offer. 

3.  Properly marketing your home.  It’s much more than simply signing contracts and putting sign in front of your yard.  Marketing is critical to selling your home and getting Top Dollar.  Farming the neighborhood, inviting everyone in your database and getting the listing on all the internet sites is Very important, but the Open House and how it is held can be your strongest way of getting the most for your home.

You can call agents, check Zillow and run comps on the internet but if you don’t follow these three steps ( and Call me) you won’t get the most money for your home.  My last Open house generate over 100 people and 9 offers on the house. Wouldn’t you like the same results? 

See all the homes for sell in San Diego at – www.SanDiegoForeclosureGuide.com

Call me today to get a Free Market Analysis of your home!

Thanks

Janet McCarthy

858-243-5719

First Time Home Buyers Tax Credit for San Diego County

First time home buyers looking to buy a home in San Diego county could be eligible for a program that would cut the amount they pay on their federal income taxes.  The county Department of Housing and Community Development has received $15 million for the Mortgage Credit Certificate program, in addition to $11 million the department received earlier this year. 

The program is designed for first time home buyers and provides them a reduction on the federal taxes by up to 20 percent of the annual interest paid on their mortgage loan. 

To take part in the program, home buyers cannot earn more that $109,020 annually for a family of three or more and not more than $94,800 annually for a family of two or fewer.

The home must be their primary residence and must be a single family detached home, condominium, townhouse or manufactured home on a permanent foundation.

The property must be within an unincorporated area or in the cities of Carlsbad, Chula Vista, Coronado, El Cajon, Encinitas, Escondido, Imperial Beach, La Mesa, Lemon Grove, National City, Poway, San Marcos, Santee or Vista. 

Interested home buyers should apply through a mortgage lender.

To see all the homes for sale in San Diego and San Diego county go to, www.SanDiegoForeclosureGuide.com

Thanks

Janet McCarthy

858-243-5719

jmccarthyhomes@gmail.com

Best Penasquitos Home 92129- 4+ bedrooms

 

Come see this beautiful Rancho Penasquitos – 92129 home this weekend at my Open House on both Sat. and Sun from 12- 5pm. The powerful curb appeal is only a small part of this homes value.   4+ bedrooms, 3 baths, 2072 sq. ft and located on a forest like 1/2 acre lot.  $100,000 opf upgrades include, New Pella Windows and doors, New granite in kitchen, new kitchen cabinets, new re-textured ceilings, new recessed lighting, Solar Hot water, artificial grass and much, much more. Not a short sale or a foreclosure this is an easy buy and can close quickly. 

Area schools part of the Poway Unified School district are Los Penasquitos elementary and it’s award winning Academy program, Mt. Carmel High School and Black Mountain Middle school. 

If you are thinking of selling your home then contact me today and I will explain my unique marketing plan that Will generate you lots of buyers and Top dollar for your home. 

To see all the homes for sale in San Diego visit www.SanDiegoForeclosureGuide.com

Thanks

Janet McCarthy

858-243-5719