Coastal San Diego Realtor

Holiday Safety Tips for Homeowners

2010-12-03T16:11:00.001-08:00

The Holiday season is here again and with it comes all the joy and celebration, stress and chaos. What is supposed to be a time of gifts, parties, and family, can quickly turn into hectic shopping trips, travel plans, and unexpected tragedies. This time of year is composed of so many elements there is always the possibility of something going wrong. There are several precautions homeowners can take to keep their families and homes safe over the Holidays.

Decorations are an important aspect of the festivities and set the mood for the season. For most households choosing the tree is a family affair, but choosing the right tree is more important than you think. It is important to choose a fresh tree that is green, sticky with sap, and moist. Older trees that are dry and brittle are fire hazards and the cause of over 250 house fires each year. On average these fires result in 14 deaths, 26 injuries, and $13.8 million in direct property damage annually. Once you have chosen a fresh tree, keep it fresh by checking the water level every day. If you decide to use an artificial tree, do not use electrical lights on metallic trees. Whenever you leave the house or go to bed, make sure the Christmas tree lights are unplugged.

Lights are a great way to decorate the outside of your house, but can also become a fire hazard if not done correctly. Before hanging the lights check them for any cuts or frayed wires. It is important not to overload outlets; limit it to three sets of lights to an extension cord to avoid sparking fires. Take extra care when using ladders or walking on roofs to hang the lights.

Another unexpected tragedy that can affect households over the Holidays is burglary. The winter season is a very common time for people to take long vacations and leave their homes vacant. For this reason, thieves prey on those who travel during the season. To reduce your chances of being robbed, take a few precautions to throw them off your trail. Try not to have the same routine every day or week. Leave the house at different times leading up to the vacation. You can give the appearance that someone is always home by using light timers or leaving a television on. Make your neighbors aware of the dates you will be gone, and ask a friend to house sit or stop by periodically. Of course alarm systems will also help deter burglars.

No matter what Holiday you are celebrating this year, these tips can help you avoid a disaster and keep your home safe.

Nick Alameddin

Real Estate Broker

C 760.802.4166

O 858.455.6700

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

Celebrating 18 years in the Real Estate Business, who do you know that wants to Sell, Short Sell or buy in the next 30 days?

Posted via email from Nick Alameddin's

Is There Value in Homeownership?

2010-11-17T14:23:00.001-08:00

From: Kelsey Ball [mailto:kelseyball@premieresd.com]
Sent: Wednesday, November 17, 2010 2:21 PM
To: 'Nick Alameddin'
Subject: Is There Value in Homeownership?

Is There Value in Homeownership?

In early 2005 the common trend in real estate was to buy and sell within an incredibly short time frame and walk away with profits. The market quickly took a turn, and most of these buyers found they had bought at the top of the market as the prices corrected. Since then, the economy has been struggling to recuperate. Unemployment and foreclosure rates skyrocketed, while home prices plummeted. This gloomy situation has had potential homebuyers asking the question, “Is there value in homeownership?”

Historically, homeownership has been a long-term investment that brings many rewards. It was not until the last decade that “flipping” a home became a popular way of making a profit. House “flipping” and gains during this time were driven by risk and easy money financing that is no longer permitted. To find value in homeownership we need to go back to the original idea of staying for a longer period to build more equity. For homeowners that take this route, they may be able to refinance at a better rate once they have built more equity in their home. Long-term owners are more likely to see healthy gains in the value of their property. It encourages stability, and the longer you own, the better your investment.

“Flippers” and investors have also changed their ways to adjust to the current real estate market. Experienced investors are first studying the properties, neighborhoods, and demand before making the purchase. Often investors are paying cash, then making small improvements or renovations. The shift has gone from a quick flip, to an investment or rental property.

Recent surveys tell us that many homeowners are already seeing the benefits of long-term ownership. A typical seller that has been in their home for eight years will experience a median equity gain of $33,000 or twenty four percent. In this same survey, first time homebuyers are planning to stay an average of ten years and repeat buyers fifteen years. These homeowners will experience a median gain of forty percent. With more Americans buying for a particular reason such as job relocation or a changing family situation, it is the long-term owners that will find value in homeownership.

Posted via email from Nick Alameddin's

Advantages to Listing During the Holidays

2010-11-10T13:15:00.001-08:00

From: Kelsey Ball [mailto:kelseyball@premieresd.com]
Sent: Wednesday, November 10, 2010 10:51 AM
To: 'Nick Alameddin'
Subject: blog 11/10

Advantages to Listing During the Holidays

With the holiday season quickly approaching, many homeowners who have considered putting their home on the market have decided to wait until after the season to list. Potential buyers in the market have also put off their home search for the same reason and will pick up again in January. While there are many excuses to not list your home over the next few months, there are many advantages to doing so. During the holidays people who are looking to purchase homes are the more serious buyers. Since the rest of homeowners are waiting to list, there will be less competition on the market, meaning more money for you. In January we are expecting to see a 30 to 40 percent increase in the inventory of homes on the market. With an increasing supply of homes there will be less demand, causing home prices to decrease in order to remain competitive. Therefore, if you wait to list you home might be worth less money in a few months.

Another advantage to listing your home during the holidays is that homes tend to show better when they are decorated for the season. Buyers are also more emotional during the holiday season, so they are more likely to pay your price when driven by their emotions. They usually have more time available to view homes during this time, rather than the regular work week. Also, January is traditionally a time where employees begin new jobs. Since transferees cannot wait until the spring to buy, you must be on the market now to capture that market. In addition, some people may be in a rush to make a purchase before the end of the year for tax purposes.

Most homeowners argue that the holidays are a very busy time and they do not want to deal with showings and the possibility of packing and moving. There is always the option to restrict showings to times and days that work best for you. Another option is to discuss with your agent and the buyer a delayed closing or extended occupancy until the beginning of the New Year. This will allow you to sell now for more money and not have to worry about packing up and moving over the holidays. In addition, by selling now, you may have the opportunity to be a non-contingent buyer during the spring when more houses are on the market for less money. If this is the case you will be able to sell high and buy low. While many homeowners can come up with reasons not to list over the next few months, they should first consider the advantages if they do.

Posted via email from Nick Alameddin's

School District Statistics

2010-10-27T13:27:00.001-07:00

School District Statistics

If you are contemplating a move to a different area of San Diego there are many factors to consider while weighing the pros and cons of a neighborhood. Most people will consider the accessibility of the home to amenities, such as grocery stores, shopping, or parks. Some will look at the crime rates in the region to ensure that it is a safe community. If you have children the school district is usually a priority in your decision to move into a particular neighborhood. There are many ways to evaluate a school. One way is by using the academic performance index report, which compares the testing scores of every school in San Diego County. You are able to see if a particular school has met there required change in their scores, as well as the percent change from last year. The scores are pulled from the STAR and CAHSEE tests, based on values from 200-1,000.

Percent Increase in Test Scores ’09-’10 of San Diego County High Schools

West

East

La Jolla

10%

Rancho Bernardo

14%

Carlsbad

Poway

Oceanside

10%

Scripps Ranch

34%

Based on these statistics we can see that high schools located more inland have increased their scores significantly over the past year. While coastal cities have also seen a general increase in their scores during the same period, it was not quite as great as inland cities. Most all of these schools scored in the high range, over 812. Scripps Ranch High had the highest score of 875. Unfortunately, Oceanside had the lowest score of 750. Education often takes precedence for parents when it comes to their children. If you are thinking about selling and moving to a new area it is a good idea to research the new school district in the area. In addition to academic performance statistics, it is also recommended that homebuyers look up crime statistics, and familiarize themselves with the surrounding area before buying. Purchasing a home is one of the most important financial decisions most people will make in their lives. Why wouldn’t you take the time to research your investment?

Nick Alameddin

Real Estate Broker

C 760.802.4166

O 858.455.6700

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

Celebrating 18 years in the Real Estate Business, who do you know that wants to Sell, Short Sell or buy in the next 30 days?

Posted via email from Nick Alameddin's

Cardiff By-The-Sea Real Estate Update

2010-10-18T13:58:00.001-07:00

Located just north of Solana Beach and in the southern part of Encinitas, Cardiff By-The-Sea is easily within commuting distance to almost all of San Diego. While technically a part of the city of Encinitas, Cardiff is recognized by its own zip code (92007). Situated just west of Interstate 5, many of its residents live on hillsides with gorgeous ocean views. The city has a population of 11,019 people, with a median household income of $81,059 and is well known as one of the most charming seaside communities in the nation. Cardiff offers residents the small town atmosphere, with the convenience of a nearby big city.

Currently in Cardiff By-The-Sea there are 48 homes for sale. Being a very small, yet attractive city, the average listing price of these luxury beach homes with fantastic views is $1,427,954. From January through August of 2009 there were 525 homes listed, 103 of them being new listings. During the same period of this year there were slightly more homes listed totaling 553 active listings with 115 new homes coming on the market. Similar to many other areas of the United States, Cardiff has seen a tremendous effect on their real estate market over the past few years. In August 2009 there were only three homes sold in Cardiff with a median sales price of $749,000. This year, in August 2010, there were five homes sold in the area with a median sales price of $735,000. with more homes entering the market this year sellers have seen a slight drop in the home values, opening the market to buyers.

With mortgage rates at record lows, it is a great opportunity for potential homebuyers to save in the purchase of their new home, and homeowners to refinance. As of October 18^th, 2010 in San Diego County a 15 year fixed mortgage rate is 3.936%, 30 year fixed is 4.429%, and a 40 year fixed is 4.614%. These rates have helped generate activity in the real estate market over the past three quarters this year, and are expected to stay low through the rest of the year. However, mortgage rates tend to fluctuate on a daily basis and depend on the qualification of each applicant. If you are thinking of buying or refinancing in Cardiff By-The-Sea, now would be a great time to look into it and take advantage of these rates.

Nick Alameddin

Real Estate Broker

C 760.802.4166

O 858.455.6700

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

Celebrating 18 years in the Real Estate Business, who do you know that wants to Sell, Short Sell or buy in the next 30 days?

Posted via email from Nick Alameddin's

Should San Diegans buy, refinance or Wait?

2010-06-07T23:00:00.001-07:00

According to Roger Showely a staff writer with the Union Tribune, rates again are nearing their 5-year low. This article goes on to offer a few ideas on what you should do. To read the full article please click on http://www.signonsandiego.com/news/2010/may/27/mortgage-rates-and-choice/

Nasser Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

If you know anyone looking to sell or buy a home, please e-mail me their name & phone number. I will gladly get them a great deal and provide them bar none service.

Posted via email from Nick Alameddin's

New "Restaurant Row" in Carlsbad

2010-06-01T12:46:00.001-07:00

Most locals know the area as “restaurant row,” but the new Paseo Carlsbad is quickly becoming a hot spot for North County dining. The variety of food includes everything from seafood pasta to Chicago style pizza placed in row of upscale restaurants along Paseo del Norte in Carlsbad. Locals are pleased with the San Diego festive atmosphere of the area, without all the traffic. Some of the restaurants include King’s Fish House, who offers nine sizes of lobster, and a dozen types of oysters along with many other seafood items. Also P.F. Chang’s China Bistro, a popular chain of gourmet Chinese food, and BJ’s Restaurant & Brewhouse, whose menu features a variety of America Fusion foods.

Paseo Carlsbad has been so successful in the short time it has been open, that there is talk of an expansion within the next decade. According to Strategic Property Service Advisors, the investment company that currently manages the project, the parking lot is full most nights of the week. While there is now overall sales tax revenue available at this time for the restaurants, the lack of vacant parking spots is an indication that they are doing well so far. Residents of North County see this as a sign of the high demand for more projects such as this.

In September, Paseo Carlsbad is looking forward to the completion of their large construction project that will add a two story, 44,400 square foot complex of upscale retail shops. In the near future, Strategic Properties is looking to update the Holiday Inn property at Palomar Airport Road and Paseo del Norte. The cream and blue colored mock windmill, the hotel and its accompanying TGI Friday’s restaurant look out of place next to the newly constructed “restaurant row.”

Nasser Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

If you know anyone looking to sell or buy a home, please e-mail me their name & phone number. I will gladly get them a great deal and provide them bar none service.

Posted via email from Nick Alameddin's

Real Estate Market Trend Updates in North County

2010-05-31T11:38:00.001-07:00

If you are looking to buy or sell a home in North County it can be helpful to be familiar with the current real estate market trends and activity. As we have been seeing in the news lately, the real estate market in San Diego has been moving in the upward direction with more sales and increased median home prices. Here is a breakdown of the activity in Carmel Valley, Solana Beach, Del Mar, La Jolla, Carlsbad, and Encinitas.

The graph tells us that while listing prices are staying high in these areas and retaining their values, most of the homes being sold are priced below $800,000 with the average about $500,000. The number of sales in these areas over the past 90 days can also provide us with valuable information. Carmel Valley has had 31 sales, Solana Beach 55, Del Mar 40, La Jolla 172, Carlsbad 452, and Encinitas 149. With a lower average listing price of $857,565 and median sales price of $535,500, Carlsbad has had the most activity over the past 90 days.

Nasser Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

If you know anyone looking to sell or buy a home, please e-mail me their name & phone number. I will gladly get them a great deal and provide them bar none service.

Posted via email from Nick Alameddin's

North County Summer Outdoor Concerts

2010-05-25T15:30:00.001-07:00

North County is a popular place this summer for musical entertainment. The outdoor concert venues are offering a variety of musical genres in the coming months, where everyone is invited to come enjoy our beautiful San Diego sunshine. Whether you prefer salsa-funk-hip-hop, Afro-Cuban grooves, or some smooth jazz, there is something for everyone.

Starting on June 25^th through August20th in Carlsbad, the TGIF Jazz in the parks will be offering free concerts from 6-8pm every Friday. This summer tradition began in 1986 and has quickly become and integral part of the community’s life with close to 4,000 people attending each concert during the summer months. (Carlsbadca.gov)

Headed to the Del Mar Race Track this summer… Why not enjoy both the race and great music for the same price? Admission to the 4 o’clock Friday Races also gets you into the concerts at the new Seaside Terrace Stage, otherwise the concert will cost you $20. The shows begin on July 23^rd and go through September 3^rd. Concerts on Saturdays will be held after the last race on the Infield Stage. For more information on the performers and specific dates visit delmarscene.com.

For your Independence Day celebration, instead of braving the crowded beaches, go to Escondido for an outdoor concert with performances by The Corvettes, Danielle Tucker and Marine Band San Diego. The show will be held at Grape Day Park from 4-10pm on July 4^th. (artcenter.org)

On the weekend of June 5^th and 6^th, head on over to Solana Beach for their Fiesta del Sol. There are a variety of musical performers including Affrolites, Balkan Beat Box, World Anthem, Sol E Mar, Dick Dale, Stranger, and many more. The concerts will begin in the early afternoon and go until 8:30pm with free admission. (Fiestadelsol.net) This summer don’t miss out on the variety of musical performances, wonderful weather, and free shows being offered in North County.

Nick Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

If you know anyone looking to sell or buy a home, please e-mail me their name & phone number. I will gladly get them a great deal and provide them bar none service.

Posted via email from Nick Alameddin's

La Jolla Seal Cove

2010-05-19T12:39:00.001-07:00

The La Jolla Seal Cove, also know as Children’s Pool is a popular attraction in San Diego. The protective cove has become a safe place for the seals during their pupping season, between December 15^th and May 15^th. The cove is a popular attraction for both San Diegans and tourists, where they can observe can the seals with their pups while watching the waves roll in. Early Saturday morning a crew from San Diego Parks and Recreation removed to rope barrier that is meant to protect the seals during their pupping season. The beach is now open to the public to walk freely, but there is some concern about the interaction with the seals that remain and beach goers.

Organizations such as La Jolla Friends of the Seals is hoping for a ruling that will put the rope barrier back up year round to protect the seals from us, and us from the seals. They see a need to protect this local treasure that is admired by so many and a home to the seals. There is an importance of preserving the natural wildlife of San Diego for people to observe as opposed to watching the animals perform in captivity.

The conflicting argument for the rope removal is adopting a “shared” beach management plan, which has been the case in the past. The plan involves keeping the cove closed off to beach goers only during pupping season, and opening it the rest of the year. Parents of young children see the cove of a perfect place to take the kids, because it is so protected. The shallow waters and barriers from the waves make it a good Children’s Pool to enjoy the beach.

On Monday May 17, 2010, the City Council is expected to vote on a beach management plan that will be best for everyone to enjoy the Children’s Pool, while keeping the seals safe. What ever is decided the fact remains that the La Jolla cove is a beautiful place to enjoy our beach and observe the marine life that lives there.

Nick Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

If you know anyone looking to sell or buy a home, please e-mail me their name & phone number. I will gladly get them a great deal and provide them bar none service.

Posted via email from Nick Alameddin's

New California Buyers Tax Credit

2010-05-10T11:57:00.001-07:00

In late March Governor Schwarzenegger signed a bill that will award an estimated $200 million in state income tax credits to first time home-buyers who buy a newly built or existing home, which is good news for prospective home buyers in San Diego. The California tax credit began on May 1, 2010 and will continue until December 31, 2010, or until the funding has been exhausted. The bill, AB 183, provides the funding be split evenly between the purchase of existing homes and newly built homes, allocating $100 million to each group. The credit is worth up to $10,000 over the next 3 years, but the homeowner must owe at least $3,333 in state income tax in each of the 3 years.

The Franchise Tax Board estimates the actual cost for the state will be about $200 million, but there is a possibility that it could amount to more or less. The bill allows for the tax board to award at least 17,544 buyers of existing homes and 14,286 or newly built homes. If every new home buyer received the full tax credit of $10,000 to total cost for the state would be $300 million, but is not likely.

Analysts agree the federal tax credit for first time home buyers helped sales increase by 27% in March, compared to a record low in February. So far about 1.8 million home buyers had used the federal tax credit with a cost of $12.6 billion according to the Internal Revenue Service. The hope for the new state tax credit is that Californians will take advantage of this opportunity, and keep the real estate market in this upward trend. The federal tax credit that ended on April 30, 2010 and gives until June 30^th to close, slightly overlaps with the new state tax credit. This overlap poses a potential to take advantage of both credits totaling $18,000 available to homebuyers.

To qualify for the new state tax credit the home must be a single family residence, either detached or attached. The taxpayer must occupy the residence for a minimum of two years following the purchase. A first time buyer is eligible to purchase either an existing or newly built home, where as a non-first time buyer is only eligible for a new home that has never be occupied. A first time buyer is defined as an individual who has had no ownership interest in a principle residence for three years before the date of purchase. You must also be eligible for the California property tax homeowner exemption. For more detailed information please visit the California Franchise Tax Board website.

Since there are limitations, restrictions, and other deadlines, not everyone can qualify for the tax credit. If you recently bought real estate in the San Diego area, or are considering this opportunity for the new state tax credit, it is a good idea to contact your attorney or tax professional to make sure you qualify.

Nick Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

If you know anyone looking to sell or buy a home, please e-mail me their name & phone number. I will gladly get them a great deal and provide them bar none service.

Posted via email from Nick Alameddin's

Good Time to Invest in Rental Property

2010-04-27T13:05:00.001-07:00

If you have been considering investing in a rental property, now would be the time to act. Low home prices in San Diego, combined with low interest rates from local lenders, makes this the perfect time to become a real estate investor. For first time investors it is important to consider your options and develop a strategy for your future. Consider whether you want to become a landlord, flipper, or developer. From there you will have a better idea of what you are looking to make your investment. In the current real estate market the most sensible option for first time investors may be residential homes, because commercial and development real estate are still facing challenging times.

Once you have weighed the options you need to find an agent. It is important to look for a real estate agent that is experienced in investment properties in San Diego County. While searching for your investment, different features will be important to you compared to the typical buyer. You will be looking for something that can provide you value and return on your investment as opposed to certain other amenities buyers look for. In San Diego County, rental rates have been increasing modestly over the past six months and vacancy has decreased, making it a good time to buy a rental property. Recently Premiere Homes found a condo for client A at $112,000 near the San Diego State University campus. After putting about $8,000 into the property for repairs and updating it is now rented for $1450 per month.

Another option is to form a partnership with an experienced real estate investor. During these difficult economic times they may be willing to assist you with their experience and knowledge in exchange for your added capital. Even if you decide not to collaborate with another investor, find out what you are getting yourself into. Talk to the experienced investors to find out what you can expect to encounter on your new venture.

When the search for promising properties begins take into account what a renter will want in a property. For most, location is a key element in how much they will be willing to pay monthly. High rent, highly populated areas are ideal. Pick homes in close proximity to malls, grocery stores, schools, and neighborhoods with low crime rates. It is important to plan for the unexpected and have capital saved up. As a landlord you will be responsible for repairs and must be prepared to pay the mortgage during vacancy periods if any. You may want to see a financial advisor to make sure you have enough assets to cover the ups and downs that come with real estate investments. Being prepared will better ensure your success.

Nick Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

If you know anyone looking to sell or buy a home, please e-mail me their name & phone number. I will gladly get them a great deal and provide them bar none service.

Posted via email from Nick Alameddin's

Median Home Prices Continue to Increase

2010-04-26T12:45:00.001-07:00

As reported on Monday by MDA Data Quick, San Diego County’s median home price has increase from 6.9% a year ago to 15.8% this March. Of the six Southern California Counties, San Diego had the most significant increase, followed by Ventura County at 15%. Economist say these numbers can be considered indicators that housing plunge is mostly over, but because of rising interests rates and slow job growth, the general upturn is not likely soon. When the figures are examined more closely it becomes evident that the increase reflects a change in the types of properties being sold. Sales were up for the 21^st consecutive month, as transactions involving higher-priced properties broadened the market beyond low-cost starter homes.

Over all, the Southern California area experienced a 14% increase from last March to a median of $285,000, further evidence of the region’s real estate market stabilizing. Some economists attribute the rapid increase to the federal government stimulus policies and tax credits, which seem to have been successful. The problem is the policies are coming to an end, and when they do, there is a fear of another plunge in the market. Even if the economy improves, housing will not necessarily improve with it. While individual property values are not changing, there is a general feeling that since there is no longer deterioration in home prices, things are looking up.

Sales across the region totaled 20,476 up 5% from last year, but still below the 23 year average of 24,936. With 3,227 of those regional sales from San Diego and 6,747 from Los Angeles, it is obvious that demand for housing is not rising consistently throughout the region. Although, San Diego’s median home prices are rising at a more rapid rate than Los Angeles, and there is more of a trend of high priced homes being sold in San Diego. According to John Walsh, President of DataQuick, more sales activity will not take place until lending patterns normalize.

While median home prices and sales have seen improvement in the Southern California Region, and more specifically San Diego, homeowners and buyers are beginning to become more optimistic about the future of the housing market. However, economists warn to not let the current trend fool you into believing your individual home has increased in value. Despite the fact that indicators seem to show stabilization in the real estate market, after two years of sales increase we are still below the sales average, which is a reflection of just how bad things were. After such a deep plunge, full recovery is far from near.

Thinking of selling? Call me today.

Nick Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

If you know anyone looking to sell or buy a home, please e-mail me their name & phone number. I will gladly get them a great deal and provide them bar none service.

Posted via email from Nick Alameddin's

Rental Tax Measure for Del Mar Homeowners

2010-04-12T14:00:00.001-07:00

Del Mar is a popular vacation destination for visitors attracted by the beautiful beaches and Fairgrounds. With the summer season approaching the City Council is bringing a new measure to the ballot that will surely affect these vacationers.

The Del Mar City Council voted unanimously to put the rental tax measure before voters on the June ballot. The new tax would require hundreds of Del Mar homeowners to obtain a permit from the city for short term rentals of their vacation homes. Currently the transient-occupancy tax applies to stays of 30days or less at hotels, lodging houses, apartments, and condominiums, but doesn’t include houses or duplexes. Nearby cities like San Diego and Encinitas have already extended the city’s hotel tax of 11.5% onto vacation rentals and duplexes, paving the way for the city of Del Mar. The measure would raise about $175,000 a year to help pay for beach and park maintenance, fire safety and law enforcement.

The San Diego Taxpayers Association opposes the rental tax, and has raised concerns that it will burden homeowners that already pay property taxes, as well as issuing a loss of property rights. Supporters of the rental tax measure respond by pointing out that the tax will not be applied to the homeowner, but will be include in the cost for the vacationer. This way there is no double taxation for the homeowner, only the responsibility to retrieve the permit from the city. Besides causing a bureaucratic inconvenience for homeowners, other opponents to the tax add that it is a bad time to raise taxes while most are struggling. Some do not see the need to purpose the tax now, since the city of Del Mar is not in a deficit with its revenues exceed costs over the past few years. Del Mar Mayor, Richard Earnest counters this in saying that the tax is a strategy to avoid future deficit instead of reacting to a crisis.

Given that all visitors and current residents benefit from the maintenance of the beaches and parks, and fire safety and law enforcement, it is only fair that the people renting vacation homes pay the same tax as those who stay in hotels. This summer is bound to be a busy time in tourism in Del Mar, and whether or not the tax is approved and implemented will be up to the voters this June.

If you are thinking about selling or buying a home, please call Nick at 760-802-4166

Or you can e-mail me at Nick@mypfgroup.com

Nick Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

Posted via email from Nick Alameddin's

Homebuyer Tips to Get the Tax Credit

2010-04-05T14:14:00.001-07:00

Time is running out to get the tax credit put in place by the government to encourage homebuyers to act fast. If you are serious about buying a home in San Diego, you need to be proactive in order to meet the deadline. The tax credit is worth 10% of the home’s sale price, up to $8,000 for buyers who have not owned a home in the past three years. Up to $6,500 for buyers who have owned and occupied a principal residence for at least five consecutive years during the eight year period that ends on the day the new home is purchased. With the current time constraint on homebuyers, there are a few guidelines to keep in mind to move the process along, and ensure the benefits of the tax credit on your purchase.

The buyer must enter into a binding contract to purchase the home on or before April 30^th of 2010. Since the term “binding contract” is not specified in the tax credit law, it may be open to interpretation. Therefore, there may be some flexibility as to whether the buyer qualifies depending on the terms of a signed agreement between both parties. The deposit check must also be in escrow.

Also, the purchase must close within 60 days after the binding contract deadline, so by June 30^th. Certain U.S. military, foreign service and intelligence service personnel are entitled to an extra year to receive the tax credit. This gives until April 30^th, 2011 and close by June 30^th, 2011.

It is important to be clear with your Realtor what your “must haves” are on the home you are looking for. There is no time to be wasted, and you want the best pick of houses and options to choose from when the time comes. Some buyers have expressed concern about the length of the current housing market process. Circumstances such as the sale of the buyer’s current home, inspections, and financing can be covered with contract contingencies to allow for more time to tie loose ends, but should not be the reason for delay once the deal is pending. The homebuyer may want to include a contingency in the contract to ensure it will close before the deadline, and you still qualify for the tax credit.

Lastly, don’t leave anything until the last minute. Something unexpected may arise, and you want to have cushion room in that case. Make sure the homebuyer is pre-approved for a mortgage, have homeowner insurance lined up, and allow extra time incase there needs to be a second appraisal. Keep in mind that short sales often take longer because they require lender approval, and if you don’t have an answer by a certain date, you may want to look at another home.

Disclaimer: We are not experts on the homebuyer’s tax credit and recommend you consult a tax professional before beginning the process. This is strictly my opinion and not professional advice.

Nick Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

If you know anyone looking to sell or buy a home, please e-mail me their name & phone number. I will gladly get them a great deal and provide them bar none service.

Posted via email from Nick Alameddin's

San Diego and LA Counties Only Areas to Show Price Increase

2010-04-01T17:03:00.001-07:00

According to the Standard & Poor’s report that was released on Tuesday, San Diego and LA Counties were the only two of all the metropolitan cities to have price increase on their homes over the past year. The Standard & Poor’s Case-Shiller Home Price Indices tracks residential real estate costs in 20 major housing markets, including San Diego and Los Angeles, at a baseline of 100 set in January 2000, and without listing an actual average housing price.

The national figures covering the 20 major metropolitan areas were a monthly drop of 0.4%, a yearly decline of 0.7% and a 10 year appreciation of 45%.The monthly increase in San Diego was 0.4%, and from January 2009 to January 2010 the prices jumped 5.9%. San Diego’s pricing index of 156.95 is a reflection of the appreciation in value of nearly 57% in the past 10 years. In Los Angeles the monthly jump was 0.9%, and the annual increase was 3.9%. The Los Angeles pricing index is currently at 172.92, showing an appreciation of 73% over the past 10 years.

While things are looking up for San Diego and LA Counties, there is still concern for the housing market. From year to year homes continue to appreciate in value for all 20 major metropolitan cities, but the rebound in housing prices is not happening as quickly as one may hope. The number in home sales shows that the real estate market is still difficult, and there continues to be worry about the amount of current foreclosures as well as possibility of future ones.

Nick Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

If you know anyone looking to sell or buy a home, please e-mail me their name & phone number. I will gladly get them a great deal and provide them bar none service.

Posted via email from Nick Alameddin's

Improve Your Homes Sell-Ability

2010-03-22T11:00:00.000-07:00

In today’s real estate market that is flooded with homes for sale, it is crucial that your home stand out. Here are some improvements that can be made that will get the attention of home buyers and increase your chances of selling your home.

First, maintain neutrality to make it easier for prospective buyers to picture their furnishings in the room. While a customized room may be perfect for you, a buyer will be distracted and may view the space as more work that would need to be done if they were to purchase the home. Also use the less is more approach to stage your home for showings. Although you may not have moved out yet, removing some of your furniture can make the rooms feel more spacious and allow more room for walkways. In addition, be mindful of strong smells and odors that can turn off potential home buyers. Our senses are linked to our emotions and memories. If your home has a bad odor it may stick out in the buyers mind in a negative way. In the days leading up to showings be aware of foods you may cook, pet smells, or cigarette smoke and take out the trash.

Paying attention to details can really end up paying off in the end. Simple fixes such as changing the hardware on cabinets is inexpensive, but can make a big difference. It is vital to make sure your home is squeaky clean for showings. Dust light fixtures and blinds, clean the refrigerator and bathrooms until they sparkle. Make sure shower curtains and bath towels are clean. Because storage space is important to home buyers, organize closets since they will be looking there.

Curb appeal is the first impression your home gives. You want it to look welcoming and presentable. Keep the yard trim and green. Adding a few plants or flowers can make a big difference, but make sure it is easily maintained. Also, try to keep your personal items out of view. These things may make your house a home, but to the buyer it makes it too personal. Remove mail, newspapers, laundry, and excessive family photos from view to keep potential buyers from feeling like a guest.

Lastly, take care of repairs and incomplete renovations. Instead of seeing the potential you home may have, the buyers will only focus on the cost of completing or repairing what you have not got around to doing. Save yourself the trouble and get repairs done before listing the home. These are all simple tips to help make your home stand out in a saturated market and increase your chances of selling it.

To find out more about selling your home, contact Nick Alameddin at 760-802-4166.
DRE License # 01426515

Helpful Tips for Seller's Negotiating

2010-03-15T13:17:00.000-07:00

Preparing for negotiation can be a valuable asset for a seller. While it is a difficult subject for most, a good negotiator will get what they want and make sure there was no money left on the table that would have been theirs. Here are some helpful tips in the art of negotiation to help ensure you are not getting the low end of the deal.

1. The negotiation begins with choosing an agent and deciding on the appropriate commission. It is important that you base your decision not just on personality, but effectiveness. From there, know that commission is always negotiable. There is no set rate, so decide together what fair compensation is.

2. If you are in a desirable market, such as coastal San Diego, start a bidding war. Price your home competitively within 2-3% below market. This will create a buzz around your property and offers should start to flow in. You will remain competitive in the market and generate a lot of activity. This tactic involves pricing your home below market price in hopes that many offers will come in and result in a quick sale. This is one of the riskiest strategies, but can pay off in the right situation.

3. Once the offers start coming in, leave the negotiating to your agent. It is important to remain active in the negotiation, but stay behind the scenes and let your agent to their job. If no offers come in the first two weeks, even if you had many showings that means your home is over priced. Talk to your agent about possibly lowering your price a little more.

4. Get the conversation started. If someone comes in with a low offer, your counter offer should be a little lower to cause movement and show you are willing to negotiate. If it is a serious buyer they will stay and talk.

5. Remember it is not personal. A lot of times a first offer will be a low ball to test the waters and see how negotiable the price is. It is important that the seller not take it personally and get insulted, this hinders negotiation.

6. Keep it moving. The longer you can keep a buyer at the table, the more likely you are of getting a result that is satisfactory to you. When someone spends a lot of time on something they feel invested and are more likely to buy your property. During the negotiation don’t spilt the difference from the offer and the counter offer. This is bad for the seller because you are giving up too easy and leaving money on the table.

7. He who can walk away holds the cards. The power in negotiation goes to the side that has convinced the other they are prepared to walk away if they don’t get what they want. One way to do this is withdrawing the last offer. It can be risky, so only use it on someone who is grinding you away.

8. Adding a small concession towards the end of negotiation can help seal the deal. It will make the buyer think they have won. The size of the concession is not as important as the timing. It can be anything from moving a date to something more favorable to the buyer, to a piece of furniture they admired.

Nick Alameddin

Broker

C 760.802.4166

F 858.455.0100

http://www.PremiereSD.com

DRE License #01426515

If you know anyone looking to sell or buy a home, please e-mail me their name & phone number. I will gladly get them a great deal and provide them bar none service.

What San Diego Homebuyers Need to Know about the Recent Tax Credit Extension

2009-12-21T13:42:00.000-08:00

The popular first-time homebuyer tax credit that was scheduled to end in November 2009 has been extended. President Barrack Obama signed legislation that extends the deadline on the first-time home buyer tax credit and adds a smaller tax credit for other home buyers. For example, if you are looking to buy your first home in Carmel Valley, the bill extends the up to $8,000 tax credit for first-time homebuyers for seven months. If you own an existing home in La Jolla, a $6,500 tax credit may benefit you if your primary residence has been owned, used, sold, or is being sold within at least five consecutive years of the previous eight years.

The extension and expansion gives home buyers a tax incentive to buy a home until at least April 30, 2010. For qualifying military personnel the deadline is April 30, 2011. The extension of the first-time home buyer tax credit will help clear out unsold inventory, especially bank owned inventory that has yet to hit the market.

California Association of Realtor studies tell us that for more than 75 percent of home buyers this year, the tax credit was very important and more than 40 percent of the home buyers would not have been able to buy without the credit. A new tax credit of up to $6,500 is available to qualifying existing homeowners who buy a new primary residence (or have one built) by April 30, 2010, if they owned their existing home for five consecutive years over the last eight years. Second homes don't qualify for the credit.

Home buyers have to repay the credit if they live in their primary residence less than 36 months and are not members of the military. The new rule also raises the qualifying income limits to $125,000 for single taxpayers and $225,000 for joint taxpayers, from the current $75,000 and $150,000. The maximum allowed home purchase price is $800,000, which may not be as useful to move-up buyers in high-cost areas such as Del Mar.

Both first-time home buyers and others must contract to buy a home by April 30, but close escrow by June 30, 2010. Buyers can claim the credit on their 2009 taxes, even if the purchase is made in 2010 by filing an amended return. Buyers who don't owe taxes can have the credit refunded to them as a rebate. For San Diego residents, more information is available online from the Internal Revenue Service (IRS}, including a question and answer page.

It's all good news for the housing market. The National Association of Realtors says as many as 400,000 resale transactions (1.2 million for both new and resale homes) were completed specifically because of the first-time home buyer tax credit, since it began, and that put a dent in the housing inventory. Home sales also add property and sales tax revenues to the coffers of local governments as reduced inventory helps boost prices and home values.

If you’re thinking about selling or buying a new home please contact Nick Alameddin at Nick@mypfgroup.com , or call 760.802.4166.

What San Diego Homeowner's need to know about Insurance

2009-12-16T11:36:00.000-08:00

Homeowners insurance is a contract between a homeowner and an insurance company. People want to protect the value of their property. This insurance exists because your home is a huge investment, typically the largest purchase a person makes in a lifetime. The insurance company guarantees to reimburse the owner for losses that occur due to human-caused damage or natural disasters as long as the owner meets policy requirements and pays the required premiums.

Homeowners insurance is almost universally required by mortgage companies with the purchase of a home. This is because the investment is almost as big for them as it is for you. They want to make sure your home in La Jolla is protected from major damages so that if you are ever unable to keep up with your payments, the lender can then reclaim ownership and be able to sell it fairly easily. And even if you own your home outright, a good insurance policy is still the best way to protect the value of your home in the face of the unexpected.

A basic homeowner’s insurance policy protects the owner against any property damage that results from things like fire, lightning, wind or hail storms. It will also provide for motel and food costs if you are forced to leave your home while such damages are repaired.
A typical policy, however, does not cover flood or earthquake damage. Because these issues are usually specific to certain regions of the country and can cause extreme damage, these can be purchased as separate policies. If you live in a flood zone or near an earthquake fault line like San Diego you may be required by your mortgage company to carry these protections.
A basic policy will also cover your home in Del Mar against loss from theft or vandalism as well as reimbursement for personal property destroyed in natural disasters. It will also provide for something that many people may not normally associate with home protection – liability coverage for lawsuits brought against the owner by people who were injured on the property. This includes the cost of legal defense up to the allowed policy limit. Additionally, most policies will have a provision that will cover the basic medical expenses for the parties.

Here are some tips on saving money on homeowner’s insurance:

Raise your Deductible: Deductibles are the amount of money you have to pay toward a loss before your insurance company starts to pay a claim, according to the terms of your policy. The higher your deductible, the more money you can save on your premiums. Nowadays, most insurance companies recommend a deductible of at least $500. For example if you can afford to raise your deductible to $1,000 if you own a home in Encinitas, you may save as much as 25 percent.

Maintain a good credit record: Establishing a solid credit history can cut your insurance costs. Insurers are increasingly using credit information to price homeowners insurance policies. In most states, your insurer must advise you of any adverse action, such as a higher rate, at which time you should verify the accuracy of the information on which the insurer relied. To protect your credit standing, pay your bills on time, don't obtain more credit than you need and keep your credit balances as low as possible. Check your credit record on a regular basis and have any errors corrected promptly so that your record remains accurate.

If you’re thinking about selling or buying a new home please contact Nick Alameddin , or call me at 760.802.4166. I specialize in San Diego Coastal Homes.
http://www.premieresd.com/
DRE License #01426515

Six Tax Breaks Every Homeowner Should Know

2009-10-18T20:17:00.001-07:00

Benjamin Franklin once said, "In this world nothing can be said to be certain, except death and taxes." More than 200 years later, this certainly holds true. And while being a homeowner won't add years to your life, the modern tax code has a number of benefits certain to make your tax bill lower. The following are a few ways your CPA or Tax Preparer can help you save:
Take an interest in your mortgage interest – Statistics show that only about half of homeowners claim this valuable deduction. Make sure you're one of them. On average, qualified American homeowners save about $2,000 per return by deducting mortgage interest. And when added up over the life of the loan, this can make a big difference in your retirement savings. This is a huge break that renters don't get! So take advantage of it. Don't forget about the points – Points paid to refinance your home are also fully deductible throughout the life of the loan. For example, let's say in February of this year you refinanced your home for a new 20-year loan (or 240 months) and you paid $3,000 in points. By the end of this year, you can write off $125.00 for those 10 months (March through December). Beginning next year, of course, and each year thereafter, you can write off the full $150.00 until the points have been fully deducted. It's important to note that buyers can also deduct mortgage points that are paid by the seller, as long as the cost basis of the property is reduced by the amount of the seller-paid points. Old points are as good as new – Unamortized points from old refinancing are deductible in the year of a new refinance.

Using the above example, let's say rates dropped again and you refinanced again in February of the next year and paid $2,400 in points. The remaining balance of the points on the old loan, $2,875, is fully deductible – plus the money you could deduct for any qualifying mortgage payments made toward the new points. Sell Your House – While points are not deductible for sellers, you can exclude as much as $250,000 in gain ($500,000 on a joint return) when you sell your primary home (your principal residence for two of the last five years). If you don't qualify for the two-year rule, you can get a partial exclusion if the sale of your home is the result of either qualifying changes of employment, health reasons, or other unforeseen circumstances.

Casualty deductions – Floods, forest fires, hurricanes, earthquakes and other natural disasters can be devastating, especially to homeowners. Ask your CPA how you can take deductions on casualty losses, even if you collected insurance. In addition, if the President declares your area a disaster area, you have even more options. New $7,500 tax credit for first–timers – The government has created a temporary monetary incentive, a tax credit for first-time home buyers (that's anyone who hasn't owned a home in the last three years), as a tool to stimulate the housing market. The tax credit (not a tax deduction) will be 10% of the purchase price of a home, up to a maximum of $7,500. In other words, the government is providing first-time home buyers an interest-free loan to help them buy a home! There are, of course, income limits to qualify for this incentive, and other important details, but give us a call, and we'll see if you can take advantage of a tax gift that even Ben Franklin could appreciate. Remember, this, or any article you might read on your own, should never serve as tax advice. Always consult with a qualified CPA or Tax Preparer before making any tax decisions. If you need a referral, give us a call, and we'll be glad to give you the names of the reliable professionals we work with on a regular basis.
Nick Alameddin (760)802-4166

What Homeowners Assistance Are Available In San Diego?

2009-10-06T22:33:00.000-07:00

Public homeowner assistance programs may be unavailable or hard to get. With budget constraints and San Diego tax dollars not coming in as fast as some officials has expected, struggling homeowners are having a harder time taking advantage of programs. Even when they are behind on their mortgage. Assistance dollars from the public sector are scarce. Homeowners that apply for assistance programs may wait weeks and months for answers.
Privately, there are ways you can get help. While public programs vary in terms of funding, an experienced San Diego realtor can help homeowners with their problem. It's called a "Short Sale" and an experienced agent can walk you through the process of selling your home and erasing the balance of the mortgage. Even if the home doesn't sell for close to what you owe, in most cases, you still can walk away.
Local and national Banks are working out short sale agreements with customers. In order to not go through with the costly foreclosure process, banks are letting troubled homeowners put their home on the market and accepting the best offer that the homeowners get in most circumstances. Banks save money by not foreclosing and generally get a little more from a lived in home in La Jolla than an abandoned home. No cost to look and see how to see if this is possible
Homeowners can leave their home even if they owe more than it's worth if they are no longer able to make their payments.
Homeowners don't have to pay anything to get this done. What's important is that they contact a Realtor that has short sale training in the past, and has experience negotiating offer with banks. A short sale may be a good answer if your San Diego home is underwater. A short sale also provides homeowners financial dignity by not having to go through the foreclosure process which includes an auction and an eviction process by their lender.
One of my recent short sale clients was able to stay in the home for an extra 9 months and save up for a deposit to rent another home. By cooperating with the lender, maintaining the home and doing a short sale. Homeowners are able to buy another home in about two years, versus seven if that home went into foreclosure.
To get more information, please call me at 760-802-4166, or go to the contact page.

Special Event "Shop Solana Beach First"

2009-08-26T17:44:00.000-07:00

On August 29, 2009 the City of Solana Beach is having a special event, “Shop Solana First Day”. Residents and guests are invited to visit the City shops and take part in a treasure hunt. Shoppers can pick up the “treasure”; a free reusable shopping bag with the Shop Solana First logo on it from participating shops, displaying a special decal in their store windows.

Treasure Hunt hours will be from 10am until 4pm. Entertainment will be provided, along with various other special events, such as sidewalk sales, a barbeque and more.

For a copy of this events flyer click http://solana-beach.hdso.net/docs/CM_SSBF.pdf

If you are not a resident of Solana Beach, but would like to take advantage of this fun event next year, as well as other great experiences this fine, beach side city has to offer, call or e-mail me, Nick Alameddin Nick@mypfgroup.com to view some of the fabulous properties available.

Interest Rate Outlook

2009-08-25T19:52:00.000-07:00

The 30-year fixed-rate mortgage fell by one-eighth of a percentage point this week according to www.bankrate.com . We haven’t seen long-term rate averages below 5.0 percent for the past two months and with treasury yields strongly trending upward, nothing lower than that is anticipated in the near future. In fact, rates are likely to average a bit higher.

If you have been sitting on the sidelines waiting for a lower rate, time to jump in. Lower rates combined with the federal tax credit of $8000 for first time buyers and lower home values in San Diego make the perfect time for buying your piece of the American dream.

Keep in mind, in order to cash in on the tax credit you must have your purchase approved no later than November 30, 2009.

Nothing quick about getting rich with real estate

2009-08-25T10:20:00.000-07:00

Ever watch those late night or weekend infomercials with the promise that you will be a millionaire in one year?

It seems like every day there is a new person claiming that they have “the perfect system” to achieve millions of dollars in income by simply following what they have to say. In the early nineties, there was Tom Vu. With his flashy convertible Rolls Royce full of girls in bikini’s

Now you have a plethora of the same message, maybe little less flashy but full of people promising the same thing. From Carlton Sheets, John Beck and Robert Allen to Dean Graziosi. Each one is different yet they all promise the same thing, send us XYZ and we will send you our magic formula.

Just like stocks if you want to make money in real estate, buy low and sell high. The Market in San Diego County is at an all time low. Discuss your options with an experienced professional real estate agent. Find out what they can do for you.

I recently helped a client buy a 2 bedroom condo in an excellent condition, purchase price $120,000. With a price this low, this property can be used to generate a positive cash flow. Call today to find out what I can do for you.

Moving to San Diego? Think Carmel Valley

2009-08-23T12:32:00.000-07:00

San Diego has many wonderful neighborhoods to move into, from Carlsbad, Rancho Santa Fe, La Jolla, Del Mar, Solana Beach and Carmel Valley. Families typically scout for neighborhoods that offer the best schools and family friendly surroundings.

Carmel Valley has it all. Located directly east from Del Mar’s beautiful beaches and south of Solana Beach, families still choose it because of it’s great schools. Some of the schools that Carmel Valley boasts of are Ashley Falls, and Torrey Hills at the elementary level, Carmel Valley Middle School at the Middle school level and, Torrey Pines High, to name a few. Check out their school ratings at
http://school-ratings.com/cities/San_Diego.html .

Carmel Valley has many great neighborhoods such as Torrey Hills, Palacio Del Mar, Promontory, Sonoma, Santa Barbara and Santa Fe Summit to name a few. It also offers exquisite estates in areas like Meadow Del Mar, Rancho Pacifica and Fairbanks Highlands.

While in Carmel Valley, If you are in the mood for some French pastries. Check out the Champagne Bakery http://www.champagnebakery.com/ , it’s to die for.

If you are looking for a new home in San Diego, contact us at 858-455-6700 or shoot me an e-mail at Nick@mypfgroup.com

San Diego Makes the top 10 places to buy a home

2009-08-21T19:32:00.000-07:00

A home buying decision should not be based on price alone, according to ABC news. Instead look for a community with strong job markets and steady housing values. Cities with common factors such as military bases, college towns, a strong tourism industry and state capital fare well "They are more recession proof", according to Zillow, an online real estate information company.

This year San Diego made number 3 on the list, with its median home value at $346,000, down 14% from a year ago. What has kept America's Finest City so close to the top of this national list? San Diego has many of the common factors that make it desirable. Schools such as SDSU, USD and UC San Diego among a few, not only attract students, but also provides jobs for faculty and staff. Also San Diego has always been a big military base town with the Naval Amphibious Base (NAB) Coronado, Camp Pendleton and others which stimulate spending.

Coastal cities of San Diego County like La Jolla and Solana Beach offer tourists some of the most beautiful beaches in California. Not only is Del Mar included in the list of wonderful seaside cities, it's also home to the famous Del Mar Horse races and the San Diego County Fair.

If you are thinking about buying or selling a home in any of the San Diego Coastal Communities please visit www.PremiereSD.com or call us at 858-455-6700

Flipping in This Market?

2009-08-19T12:32:00.000-07:00

Yes, it’s true. More and more investors are jumping back into the market. With prices down as much as fifty percent in some areas of San Diego County. Investors are fighting for low-priced foreclosures to purchase with cash.

People purchasing foreclosures either at trustee’s sale auction or after the bank took them back in foreclosure. Investors then rehab them a little and put them back on the market.

Buy a Foreclosure Now Before It's Too Late in San Diego

2009-08-13T14:47:00.000-07:00

If you have been sitting on the sidelines waiting for the perfect time to buy a foreclosure in San Diego, better act fast or you might end up missing the boat.

Carlsbad, Cardiff by the Sea, Carmel Valley and Encinitas buyers are facing a trend where real estate agents have only very few listings to offer, compared with early nineties. As a direct result, higher demand and almost no negotiations with the banks. This does not mean banks are not making deals, but because there are multiple offer on the same property. Sellers are asking for highest and best offer.

Other areas like Del Mar and La Jolla foreclosures are almost non existent.

Call me today to discuss your options in buyin a foreclsoure in San Diego

Nick Alameddin
858-455-6700

What your Home owner Insurance Company Does Not Want You to Know.

2009-08-05T17:28:00.000-07:00

When was the last time you read or understood the insurance policy that covers your home?

Most people don't realize that insurance company adjusters are trained professionals who represent the interests of the insurance company which employs them.

If you have a mishap in your home, chances are, once you have contacted your home owner insurance company they will assign you an adjuster that works for them. Unfortunately his job is to pay out the least amount possible.

In California the state allows you to hire a "Public Adjuster". This individual is paid by your insurance company, but the big difference is that she doesn't work for your insurance company. She works for you, the policy holder. Your Public Adjuster is going to make sure that you get every penny you need to fix your home.

Are you asking yourself why you didn't know about this before? As you can conclude, it's not in the best interest of the insurance companies for this information to go out to the public. If you would like to read more about public adjusters, please click the link http://www.napia.com/learn/faq.asp

Secrets Your Mortgage Lender Does not Want You to Know

2009-08-04T16:09:00.000-07:00

In these times of economic crises every penny counts. We all have been programmed when we purchase a home to obtain a thirty year loan.

Have you ever looked at your monthly mortgage statement and thought , how much in interest I am going to pay by the end of 30 years?

Well guess what? by the end of 30 years you will have paid more than double the amount of principal in interest. How can you pay less interest and pay off your home faster?

1. Call your bank and ask them if you can make bi-weekly payments. By cutting your payment in two bi-weekly payments you end up paying 13 payments per year. This will payoff your home loan in roughly 23 years, that's SEVEN years earlier.

2. Divide your monthly payment into 12 and add that amount to your monthly payment. For example let's assume that your monthly mortgage payment is $1200 divided by 12= $100. Send the bank $1300 every month instead and tell your bank that this money is designated to your Principal balance. Once again, that will shave off at least seven years worth of payments.

3. If your do booth steps above combined, you will end up paying off your home in roughly 14 years, thus cutting your pay period in half.

Looking for a home in San Diego? www.PremiereSd.com

Allergies and Asthma Affecting Homes Selling

2009-07-31T18:41:00.000-07:00

With about three hundred million Americans living in the US, sixty million of us have allergies or asthma. Allergy troubles can be unbearable for sufferers. Many people go to vast lengths to evade any potential influences that might trigger symptoms.

Allergies and asthma symptoms are escalating, which may be caused by the houses we're living in. It all comes to the air quality in the home but there are some simple steps that you can take to help clear the air in your home and diminish any risky fumes.

1. Check for mold. Clean with hydrogen peroxide, not bleach.
2. Use PVC free shower curtains.
3. Opt for area rugs instead of wall-to-wall carpeting
4. If re-staining your floors, use products that have low volatile organic compounds.

Find your next dream home in La Jolla, CA at www.PremiereSD.com

2009-07-28T15:55:00.000-07:00

According to news released by the closely watched Standard and Poor's /Case Shiller index. "San Diego home prices continue to fall, but the pace of their descent in slowing" Kelly Bennett of the Voice of San Diego wrote.

The lowest tier, homes priced under $266,912 fell by 23.54 percent. While the middle tier, homes priced between $266,912 and $398,719 fell by 15.48 percent.

And the highest tier, homes prices higher than $398,719 fell by 15.81 percent. To read the full article please click on this link http://www.voiceofsandiego.org/survival/

New Home Sales rise 11% in June

2009-07-27T12:53:00.000-07:00

In an article written by Alan Zibel posted on Yahoo news today, Good news for the housing industry were confirmed again.

"The worst of the housing recession ... is now behind us," said David Resler, chief economist at Nomura Securities. "We're turning the corner toward increased activity in housing." New housing sales posted the fastest increase in the past eight years. An 11% jump in sales for the month of June, helped by builders incentives tax incentives as well as low interest rates.
to read this article, click on http://finance.yahoo.com/news/June-new-home-sales-rise-11-apf-3824378813.html?x=0

To read more articles like these and learn more about San Diego housing market please go to www.PremiereSD.com

Economists' Commentay: June Exisitng Homes Sales

2009-07-24T17:48:00.000-07:00

Finally some good news, in a new article Chief Economist of the National Association of Realtors Lawrence Yun wrote " After four difficult years of housing recession, the market is clearly healing"

Mr. Yun goes goes on to describe the conditions that the current real estate market is in. Read the full article http://www.realtor.org/research/economists_outlook/commentaries/ehs0709

San Diego housing market, Hot or Cold?

2009-07-21T14:39:00.000-07:00

If you are trying to purchase a home a townhouse or a condo in the price range of $450,000 or below anywhere San Diego County right now, you are having a hard time getting your offer accepted. Competition is fierce, according to statistics released by the San Diego association of Realtors. This segment of the market was up a whopping 89% in volume for the month of May.

Most of these people are first time home buyers that were waiting for prices to be affordable. Prices have dipped down quite a bit from it's all time high of 2006. Combined with low interest rates, the new FHA guidelines create the perfect atmosphere for home buying.

With the right real estate agent in San Diego that knows how to navigate the market and negotiate a good deal for you, you can certainly come out a winner. Call to find what I can do for you,

Nick Alameddin (760)802-4166