by Steven Gluyas on October 15, 2010
When you are ready to purchase a San Diego Condo or home, it makes sense to negotiate from the strongest position possible. In a strong buyers market, sellers will be more selective in the final buyer they choose to negotiate with. In such a market, it’s not uncommon for a home seller to receive multiple offers on their property, yes it’s still happening, especially when you’re bidding on a short sale or foreclosure. With that said; there are certain things you can do to make certain that your offer is the one Seller goes with.
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The vast majority of Purchaser’s today go about the process entirely wrong, putting themselves at an overwhelming disadvantage!
Let’s look at this from the Sellers perspective for a moment. If you were the Seller and had multiple offers on your property, all things being equal, would you accept the one with Certificate of Financing Approval or the one that was still contingent on financing? The answer is obvious. Why then, do so many buyers wait to start the financing until after they have found the home? [click to continue…]
by Steven Gluyas on October 13, 2010
Admittedly purchasing a San Diego Condo property is one of the largest investments you will make in your life. Hence you want to thorough and certain the San Diego Condo you are about to buy will not cause you remorse and or future aggravation. To avoid these pitfalls of condominium ownership some valuable questions to ask include:
1. Is the condo association professionally managed?(Most of the larger complexes are) Unless it is a brand new construction, and the management team has not yet been hired, ask how long the professional manager has managed the complex. Note: The longer they have been with the property the better. Be suspect of complexes lacking professional management.
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2. How do monthly Home Owners Fees compare with those of neighboring complexes? If you are working with an educated buyer’s agent, they should be able to provide you with comparative fees. Note: Ask what exactly what services are covered under the fees. This can make a significant difference. For example, should a gym and cable TV be included, then you should expect a higher monthly condo fee as opposed to each condo owner paying for their own cable and Health club.
3. How fiscally fit is the condominium association? Prospective condo buyers should request and review current financial statements; board of director’s minutes from previous meetings; by-laws, rules and CCR’s (covenants, conditions and restrictions). Are there unusual situations affecting condo owners? These documents will be made available during escrow and ARE a Contingency of purchase. [click to continue…]
by Steven Gluyas on October 4, 2010
More then 25 million Americans veterans and active duty personal are eligible for a VA Loan, the VA Loan is excellent and offers many advantages. To be eligible for a VA loan you must be a veteran and meet certain eligibility requirements. To find out full eligibility requirements go to to the Department Of Veteran Affairs website Department of Veterans Affairs
The VA loan was designed to offer long-term financing to eligible American Veterans or their surviving spouses (provided they do not remarry). Established by the United States Department of Veterans Affairs, the VA does not directly originate VA loans but they do make the rules for those Veterans who may qualify, establishing the rules of the mortgages offered and insuring VA loans against default
Currently There Are 19 Buildings That Are VA Approved In The San Diego Downtown Area
Downtown VA Approved Buildings [click to continue…]
by Steven Gluyas on September 27, 2010
The Merriam-Webster Dictionary definition of a condominium : Individual ownership of a unit (As an apartment) in a multi unit structure. Yes, I looked it Up.
You do not want to make monthly rental payments yet you are not quite in a position to purchase a house or are looking to downsize. Maybe your looking for a San Diego Vacation Home to get some relief from that cold or heat. What residential housing options does one have?
Buying a San Diego condominiumis usually the best solution to this common situation which arises among young professionals, empty nester’s, divorcees and those interested in obtaining property within an urban market.
An abbreviated form of the word condominium. the term condo has evolved over time to reflect a third force in the housing market, falling somewhere between renting an apartment and owning a home. The term “Condo” encompasses many types of real property…town home, duplex, high rise, low rise, lofts, PUD and free standing.
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by Steven Gluyas on September 24, 2010
California home sales drop in August compared with last year
The median home price of an existing, single-family home in California rose 1.2 percent compared with July and 8.6 percent from a year ago, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported this week. Following two months of consecutive month-over-month declines, California home sales edged up 1.8 percent in August compared with July, but were down 14.9 percent compared with August 2009.
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KEEP THIS IN MIND
• According to C.A.R. President Steve Goddard, home buyers who are waiting on the sidelines should consider the opportunities available in today’s market. Favorable home prices and interest rates at or near historic lows make housing affordability the best in recent years. Anyone who is in a position to buy a home should do so before either of these key factors rise. [click to continue…]
by Steven Gluyas on September 20, 2010
One of the most important statutory documents you’ll receive while in escrow on your San diego Condo or home is the Transfer Disclosure Statement.
Also known as a TDS, the Transfer Disclosure Statement, is filled out by the Seller disclosing any material facts or defects known about the property that might influence the buyer’s decision to purchase the property.
The TDS is an document that the Seller uses to convey what items are part of the property such as range, dishwasher, fridge, water softener etc. The TDS will also have a section in which the Seller will check “yes” or “no” on their awareness of any of the following Items :
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1. Environmental Hazards
2. Features in property shared in common with adjoining landowners
3. Any encroachments or easements [click to continue…]
by Steven Gluyas on September 13, 2010
Today I’d like to write about what happens once an offer has been accepted and escrow opens on your new San Diego Condo or home. First and foremost is the advice and direction you receive from your Realtor, Lender and Escrow Officer. A good Realtor , Lender and Escrow officer will walk you through every step on closing your new home.
Unless the time frames of the contract have been changed the Buyers will have 7 days to submit verification of down payment and closing cost and 17 days to do your due diligence (this is all negotiable), that is, bring in a professional home inspector, go over all HOA documents, title and statutory disclosures. By the end of the 17 days the Buyers should be able to submit to the Sellers full written loan approval and remove all existing contingencies, or not. [click to continue…]
by Steven Gluyas on September 10, 2010
For numerous young professionals, there might not always be anyplace more desirable to live than in a Downtown San Diego condo. A strong statement, possibly, but there’s so much about Downtown San Diego condo living that is definitely in particular well suited to these younger professionals as well as first time buyers just getting started with their particular professions.
Here are some top reasons why young professionals might consider a Downtown San Diego cond0.
Employment
Many young professionals work in downtown area, which in addition is the place where the majority of the newer San Diego condos are located. Residing in a condo that is near your office saves on fuel expenses, or quite possibly eliminates the need to own an automobile entirely.
Nightlife
It is quite likely that numerous pubs, nightclubs, restaurants and other types of fun are just moments from your Downtown condo.
Maintenance
As a young professional just commencing your profession, you may well feel a little bit overwhelmed by your career. Nevertheless even if you retain long hours, you do not have to worry about mowing the lawns, raking the leaves or painting and repairing anything outside of your condo. Whenever you live in a loft or condominium, someone else does it for you and it’s included in your HOA Fees. [click to continue…]
by Steven Gluyas on September 8, 2010
There is a lot of talk about the amount of short sales and foreclosures flooding the San Diego real estate market. San Diego is an amazing city and I thought I’d break it down using six local neighborhoods and give everyone a few actual numbers you might not be aware of.
Free list of Foreclosures and Short Sales
Breaking It Down -
San Diego Downtown currently has 475 active listings with 111 short sales and 24 foreclosures
UTC currently has 137 active listings with 27 short sales and 8 foreclosures [click to continue…]
by Steven Gluyas on September 3, 2010
There always seems to be confusion on what a condo is compared to a town home, well, there is a difference and it’s more about design then anything else.
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What we now call a San Diego town home is usually two stories attached by no more then 2 walls. A town home is more like a row home or a garden home. You don’t walk through hallways to gain entry and there is usually open space out your front door.Depending on the neighborhood, a town home will be more expensive and have a larger patio area with its own attached garage. [click to continue…]
