Market for Sellers – shortage of listings in San Diego

Hot market for Sellers – shortage of listings

in San Diego, CA

.- Regardless of what you hear in the news, the San Diego market is heating up!

Currently the number of homes available for sale otherwise know as market inventory, is at a four year low of around 8,000. It’s estimated that when all the factors are considered this translates to about a 3 month supply of homes. Meaning, if no more homes came on the market at the existing rate it would take about 3 months to absorb this inventory.

Who would have imagined the market conditions being what they are in San Diego – A SELLERS market!

With the inventory being this low, the lowest in four years, buyers are experiencing multiple offer situations. If the property is well priced, especially way below market value it may receive offers in the double digits. Buyers are over bidding on properties and forfeiting the opportunity to receive closing costs paid by the seller.

The shortage of listings in San Diego is creating a market that was similar to the one before the market decline but without the rapid price appreciation. Appraisers for the most part are helping to keep price increases at a very moderate pace.

What does this current market situation mean for a homeowner that’s looking to sell in San Diego, CA? If you believe your home has equity then getting it sold and quickly won’t be a problem. If you are upside down on your home and need to do a short sale the chances of getting an offer and having the buyer stick around to complete the sale has greatly increased.

Lorraine Santirosa is a San Diego Realtor that is experienced is selling homes including short sales. https://www.buyhousesinsandiego.com     619-248-5484
Dre#04127412

Tired of renting? Purchase a home using your VA home loan.

Tired of renting? Purchase a home using your VA home loan. If you’re in base housing, paying utilities and have no A/C  you should look at buying a home. If you’re renting off base, you should consider being a home owner. The VA home loan is the best loan on the market today. Veterans and active duty military should take advantage of the VA home loan benefit. By being educated on how the VA loan works, the veteran and active duty military personnel will truly understand the benefits.

This lovely 5 bedroom, 3 bath home fore sale in Chula Vista, CA is a great buy for military personnel stationed in San Diego. The home is available to be purchased using the VA loan. The mortgage payments on this home would be a good way to use the monthly Bachelor Assisted Housing Allowance (BAH) instead of paying rent.

Here are further details on the home for sale.

What is a VA loan? – Veteran Administration (VA) Guaranteed loans are made by private lenders to eligible Veterans for the purchase or refinance of a home.

It’s important to know that the VA is not a bank. The VA does not loan the money, fund the loan, or service the loan. What the VA does is guarantee the loan by providing protection to the lender against loss if the Veteran fails to repay the loan.

The VA loan began in 1944 through the original Servicemen’s  Readjustment Act also known as the GI Bill of Rights. This program was intended for Veterans and their families to realize the dream of homeownership by offering access to lower cost financing. The VA announced in October 2012 that the Dept. had guaranteed it’s 20 millionth home since the program’s inception in 1944. At the time of the historic announcement at total of 540,000 homes were guaranteed by VA in 2012. (VA press release Oct. 26. 2012)

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Important features of the VA Home Loan:

1. Must be for Veteran’s own personal occupancy.

2. Max guaranty is up to 25% of the Freddie Mac maximum conforming limit

3. NO down payment required – up to 100% financing ****

4. Ability to finance the VA Funding Fee

5. One Fixed or ARM option loan – fully amortizable – NO interest only options

6. Flexible Credit Standards

7. No mortgage insurance premiums

8. An assumable mortgage

9. No prepayment penalties

10. VA offers assistance to borrowers in default

11. Lenders control the pace of the transaction

12. VA home loan can be used more than once by a veteran

Interested to learn more about the VA home loan benefit and to get approved? Call Lorraine at 619-248-5484.

5 bedroom, 3 bath home for sale in Chula Vista, CA – VA approved!

5 bedroom, 3 bath home for sale in Chula Vista, CA – VA approved!  This lovely home located in the Haven community of Cordova in Windingwalk will amaze you.

Located at 2221 Las Cruces St. Chula Vista, CA 91915 this new  home  built last year is worth a look!

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What is a VA loan? – Veteran Administration (VA) Guaranteed loans are made by private lenders to eligible Veterans for the purchase or refinance of a home.

It’s important to know that the VA is not a bank. The VA does not loan the money, fund the loan, or service the loan. What the VA does is guarantee the loan by providing protection to the lender against loss if the Veteran fails to repay the loan.

The VA loan began in 1944 through the original Servicemen’s  Readjustment Act also known as the GI Bill of Rights. This program was intended for Veterans and their families to realize the dream of homeownership by offering access to lower cost financing. The VA announced in October 2012 that the Dept. had guaranteed it’s 20 millionth home since the program’s inception in 1944. At the time of the historic announcement at total of 540,000 homes were guaranteed by VA in 2012. (VA press release Oct. 26. 2012)

Important features of the VA Home Loan:

1. Must be for Veteran’s own personal occupancy.

2. Max guaranty is up to 25% of the Freddie Mac maximum conforming limit

3. NO down payment required – up to 100% financing ****

4. Ability to finance the VA Funding Fee

5. One Fixed or ARM option loan – fully amortizable – NO interest only options

6. Flexible Credit Standards

7. No mortgage insurance premiums

8. An assumable mortgage

9. No prepayment penalties

10. VA offers assistance to borrowers in default

11. Lenders control the pace of the transaction

12. VA home loan can be used more than once by a veteran

TOP FIVE AREAS SAN DIEGO MILITARY FAMILIES BUY HOMES

I’ve done my research – Search the Top FIVE areas that San Diego Military families purchase homes

 

SEARCH POPULAR AREAS NEAR NAVAL BASE SAN DIEGO OR 32ND ST. NAVY BASE

View Military homes in Chula Vista, Spring Valley and Otay Mesa

We serve all branches of the military whether you’re Army, Air Force, Navy, Marines, or Coast Guard. We even have experience in working with border patrol and prison workers. The site will address relevant information pertaining to home buying, selling, financing and mortgage relief options. We do not at this time have the ability to help those looking for rental properties but we encourage all our users to compare the option of buying vs. renting to see which one makes more sense.

We’ve gathered all the key information you will need to satisfy your off base housing needs based on our years of working with the military community. Call to speak to an experienced real estate agent at 619-248-5484.

Realbird code

Spacious home for sale – 2221 Las Cruces st, Chula Vista, CA 91915

Spacious home for sale – 2221 Las Cruces st, Chula Vista, CA 91915. Located in Winding Walk, this home is perfect for a growing or extended family. Located near Naval Station San Diego, NAS Coronado and surrounding military installations.

Take a look at this lovely Haven/Cordova home built in 2013. This spacious home has 5 bedrooms, 3 full baths and side yard. Upon entry you will be wowed by the open kitchen, family and dining area. The contemporary kitchen boasts granite counter tops, stainless steel appliances and large pantry. The downstairs bedroom has a full bathroom nearby. The second floor has four bedrooms including the master. At the top of the stairs, you will be greeted by a large loft, perfect for entertaining or game nights.

Here’s a full list of features regarding 2221 Las Cruces St, Chula Vista, CA 91915

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What is a VA loan? – Veteran Administration (VA) Guaranteed loans are made by private lenders to eligible Veterans for the purchase or refinance of a home.

It’s important to know that the VA is not a bank. The VA does not loan the money, fund the loan, or service the loan. What the VA does is guarantee the loan by providing protection to the lender against loss if the Veteran fails to repay the loan.

The VA loan began in 1944 through the original Servicemen’s  Readjustment Act also known as the GI Bill of Rights. This program was intended for Veterans and their families to realize the dream of homeownership by offering access to lower cost financing. The VA announced in October 2012 that the Dept. had guaranteed it’s 20 millionth home since the program’s inception in 1944. At the time of the historic announcement at total of 540,000 homes were guaranteed by VA in 2012. (VA press release Oct. 26. 2012)

Important features of the VA Home Loan:

1. Must be for Veteran’s own personal occupancy.

2. Max guaranty is up to 25% of the Freddie Mac maximum conforming limit

3. NO down payment required – up to 100% financing ****

4. Ability to finance the VA Funding Fee

5. One Fixed or ARM option loan – fully amortizable – NO interest only options

6. Flexible Credit Standards

7. No mortgage insurance premiums

8. An assumable mortgage

9. No prepayment penalties

10. VA offers assistance to borrowers in default

11. Lenders control the pace of the transaction

12. VA home loan can be used more than once by a veteran

Interested to learn more about the VA home loan benefit and to get approved? Call Lorraine at 619-248-5484.

 

 

 

Get instant report on what your San Diego home is worth

Get instant report on what your San Diego home is worth – Can you guess what your San Diego home is worth? Property values have increased year over year in most areas of the county. Instantly see the value of your home now.

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Home seller tip – Maximize Your Profits and Minimize Your Hassles

For many people selling their home is a stressful experience. When you are ready to sell, my goal is to help you sell your home for top dollar, with the least amount of inconvenience to you. I like to eliminate the worry, so all you have to do is pack!

The way to reach this goal is to price the property accurately for the marketplace and get your property into its best condition. Many buyers nowadays work long hours in their jobs and want a home that is ready to move into without a lot of fix-uo.

Please feel free to call me at 619-248-5484, if I can provide you with a home price evaluation or even take a moment for a “walk through” of your property to see what you might do to prepare your home for sale.

Contact me at 619-248-5484 if you would like the name of a lender to pre-approve you for a loan, or if you have any questions about pre-approval. I am happy to help.

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When you are ready to sell your home, I’ll develop a marketing plan to provide you with maximum exposure. This will allow me to market your property to the widest segment of buyers. The more potential buyers you have viewing your home, the better the opportunity to obtain top dollar. One of the most effective ways to market your home, however, is on the internet, where you get exposure 24/7.

Get instant access on what your property is worth

Are you moving on military orders and need to sell your home?  Find out the value of your home now. Don’t PCS without us!619-248-5484

Bargain home for sale in Spring Valley, CA

Bargain home for sale in Spring Valley CA located at 9002 Harness St. This lovely home has been upgraded with intense detail even the pickiest buyer will love. Take a closer look.

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Speak with an experienced real estate agent that works with military families at 619-248-5484

TOP FIVE AREAS SAN DIEGO MILITARY FAMILIES BUY HOMES

I’ve done my research – Search the Top FIVE areas that San Diego Military families purchase homes

 

SEARCH POPULAR AREAS NEAR NAVAL BASE SAN DIEGO OR 32ND ST. NAVY BASE

View Military homes in Chula Vista, Spring Valley and Otay Mesa

We serve all branches of the military whether you’re Army, Air Force, Navy, Marines, or Coast Guard. We even have experience in working with border patrol and prison workers. The site will address relevant information pertaining to home buying, selling, financing and mortgage relief options. We do not at this time have the ability to help those looking for rental properties but we encourage all our users to compare the option of buying vs. renting to see which one makes more sense.

We’ve gathered all the key information you will need to satisfy your off base housing needs based on our years of working with the military community. Call to speak to an experienced real estate agent at 619-248-5484.

Buying vs Renting a home

Buying vs. Renting a home – What is the right choice for you!

Is  now the right time for you to buy a home? You have many options to consider and choices to make. Buying a home is a big responsibility, financially and emotionally, but, most people want to own a home. Homeownership often is referred to as “the American dream.” Why is it so special? Among the reasons: Real estate often is an excellent investment, perhaps the number one source of wealth-building for families.

Proven Path to Home Ownership

Proven Path to Home Ownership

Owning a home has many benefits. When you make a mortgage payment, you are building equity – and that’s an investment. Owning a home also qualifies you for tax benefits that may assist you in dealing with your new financial responsibilities – such as homeowners’ insurance, real estate taxes, and upkeep – which can be substantial. But given the freedom, stability, and security of owning your own home, they are definitely worth it! Owning your own home also can be a great source of pride and stability.

But homeownership may not be for everyone. It’s a big financial commitment – starting with the initial shock of your purchase (including a “down payment” and fees paid to a real estate agent, the lender and others) followed by years of monthly mortgage payments, real estate taxes, property insurance and maintenance costs. When you decide to purchase a home, you accept responsibility for paying for these expenses. They are additional costs to your monthly mortgage payment and should be included in your budget estimates: Property Taxes and Special Assessments, Home/Hazard Insurance, Utilities, Maintenance, Home Owner Association (HOA) Fee if applicable.

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One of the advantages of renting is being generally free of most maintenance responsibilities and the flexibility of moving almost as soon as you decide. But by renting, you lose the chance to build equity, take advantage of tax benefits, and protect yourself against rent increases. Also, you may not be free to decorate without permission and may be at the mercy of the landlord for your housing needs. There are many considerations in choosing between renting and buying:

  • Do you want to spend several years in a house and in a neighborhood?
  • Do you enjoy lawn and garden work?
  • Might you need to move suddenly to care for family?
  • Do you want to keep your assets accessible in the bank, or do you want to invest long-term in a home?

There are tax advantages to homeownership in both the short and long terms. The mortgage interest and real estate taxes are tax deductible, which allows you to subtract part of your housing-related expenses from your taxable income, which could reduce your tax bill. In many cases, the amount of money a renter spends on rent can be about the same as or less than the amount a homeowner spends on a mortgage. With the tax benefit for homeowners, the savings can be significant.

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To learn more about buying vs. renting a home, contact a trusted and experienced realtor that can help you with your decision. Call 619-248-5484 for a no obligation, FREE consultation that will get you on the right path.

If you’re serving in the military, have orders to San Diego and need to purchase a home using your VA home loan benefit with zero down, call the experts at 619-248-5484. Our military realtors will be happy to help with your move.

Apply for a VA loan

Apply for a VA loan

 

 

 

 

 

 

 

TOP FIVE AREAS SAN DIEGO MILITARY FAMILIES BUY HOMES

I’ve done my research – Search the Top FIVE areas that San Diego Military families purchase homes

 

SEARCH POPULAR AREAS NEAR NAVAL BASE SAN DIEGO OR 32ND ST. NAVY BASE

View Military homes in Chula Vista, Spring Valley and Otay Mesa

We serve all branches of the military whether you’re Army, Air Force, Navy, Marines, or Coast Guard. We even have experience in dealing with border patrol and prison workers. The site will address relevant information pertaining to home buying, selling, financing and mortgage relief options. We do not at this time have the ability to help those looking for rental properties but we encourage all our users to compare the option of buying vs. renting to see which one makes more sense.

We’ve gathered all the key information you will need to satisfy your off base housing needs based on our years of working with the military community.

San Diego housing report for February 2014

San Diego housing report for February 2014. – The lack of inventory continues to be a factor in the San Diego housing market. With less homes available for sale, buyers are left to compete for what’s on the market and can often end in a bidding war. This enables the property values to increase and give rise to a sellers market.

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There are 5991 active homes for sale in San Diego at the time of writing this report. This is considerably low for our market.

February stats show homes for sale under $750,000 have had an increase in value year over year. For higher priced homes not as much. Less homes were actually sold below $450,000 than the previous year due to the low inventory.

 

SEE Full market report for February 2014

 

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Want to search all homes for sale in San Diego? Be the first to know what’s on the market and set up a custom search. Click below.

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Want to get preapproved for a VA home loan? Get more information on how to buy a home with zero down using a VA home loan. Click below

Apply for a VA loan

Apply for a VA loan

 

 

 

 

 

About the Author: This information is brought to you by Lorraine Santirosa, a realtor that seeks to provide value to her clients by clearly understanding their needs. Lorraine is a former Navy spouse who works tirelessly to help veterans buy a home, using there VA home loan benefit. For more information on the San Diego housing market, please call Lorraine at 619-248-5484.

TOP FIVE AREAS SAN DIEGO MILITARY FAMILIES BUY HOMES

I’ve done my research – Search the Top FIVE areas that San Diego Military families purchase homes

 

SEARCH POPULAR AREAS NEAR NAVAL BASE SAN DIEGO OR 32ND ST. NAVY BASE

View Military homes in Chula Vista, Spring Valley and Otay Mesa

We serve all branches of the military whether you’re Army, Air Force, Navy, Marines, or Coast Guard. We even have experience in dealing with border patrol and prison workers. The Aerospace Fitz site will address relevant information pertaining to home buying, selling, financing and mortgage relief options. We do not at this time have the ability to help those looking for rental properties but we encourage all our users to compare the option of buying vs. renting to see which one makes more sense.

We’ve gathered all the key information you will need to satisfy your off base housing needs based on our years of working with the military community.