Buy a Home and get 1 Free!!!

I've been meaning to blog about this when I first heard about it but I never found the time until now.  Basically the New Home builder Michael Crews is offering you a Free row-home in the Cityscape Neighborhood in Escondido which is selling for $399,900 for anyone who purchases a $1.6 - $1.8 million estate in the San Pasqual Valley's Royal View neighborhood.  And I'm not kidding you.  NBC San Diego wrote an article about it last week and here is a link to it:  http://www.nbcsandiego.com/houseandhome/16367623/detail.html

I know New Home Builders are hurting but WOW, what a incentive!  I remember a few years ago when the Real Estate market started to slow down, new home builders were giving $10,000 towards closing cost or a…

16102 Palomino Valley Road

We got a new Bank Owned Foreclosure listing in 4S Ranch today that I want to tell you about.  First, if you are not familiar with 4S Ranch, it is one of the newest communities in Rancho Bernardo on the west side of the I-15.  This beautiful home features 4 Bedrooms, 4 Baths, 4,550 Sqft, 4 Car Garage, only 4 years old, mountain view, updated kitchen and more.  Check out the pictures below.

This is a Must See!  The Banks Asking Price is only $969,900.  If you would like more information about this home or would like to schedule an appointment to see it, please let me know.

Mira Mesa Caravan

Today was the first time I went to the Mira Mesa Caravan.  If you don't know what that is, well the Mira Mesa Caravan is where Realtors pitch their listings in Mira Mesa to other Realtors.  And after the pitch session, we go and look at the homes that was pitched.   This can also be called Broker Caravan.  Anyways, I wanted to see how other Realtors were doing in this market in Mira Mesa.  And it was exactly what I expected.  These great Realtors were having trouble getting their Buyers a home.  Homes are selling fast with multiple offers.  Also a Realtor brought up a great statistic during the caravan.  She pulled up every detached home for sale under $400,000 and about a third of those homes for sale were Short Sales with Accepted…

Mira Mesa Real Estate Update

The Mira Mesa Real Estate Market is HOT!  Most of the offers I have been writing for my buyers have already multiple offers on the table.  And not only that, these houses been on the market for a short period of time.  So I took a look at the total number of Detached homes Active for sale in Mira Mesa today and it shows 147.  Then I looked at how many were Pending and it shows 89.  Now I compared it to my blog on Mira Mesa Real Estate on December 29, 2007.  Back then they had 185 Active homes for sale and only 39 homes Pending.  That means there are 21% less homes for sale and 228% increase on homes Pending.  Not only that, there were less Foreclosures for sale back then so even the increase of Foreclosures, there is still…

25 Offers, $100,000 Over Asking Price!!!

I have been meaning to blog about this earlier but I never had a chance until now.  I took out my clients to look at a new Bank Owned property in Rancho Bernardo which was way under value and they absolutely loved it.  On the remarks for the home, it mentions that they have multiple offers on the house and its been on the market for only 3 days.  So I told them if you really want the house, lets be aggressive with our offer.  My clients told me since they are asking for $540,000, lets offer $550,000 and get the house.  After getting the offer signed, I called the listing agent and told them that we will be submitting a offer that is $10,000 over asking!  The listing agent says thats great but we already have 25…

11131 Doverhill Road

4 Bedrooms

2.5 Bathrooms

1,913 Sqft.

Built in 1997

Here is a quick blog of a great BANK OWNED opportunity in Scripps Ranch.  This home offers 4 Bedrooms 2.5 Baths and 1,913 Sqft.  Both living room and family room has 18' high ceilings with many window to let the sunshine in!  The kitchen and dining have recessed lighting and these is a pool and spa in the backyard.  All this for only $600,000!  For more information or if you would like to see the home, let me know. 

Also keep in mind, at my office we have over 350 Bank Owned properties for sale!

Multiple Offers!!!

If you are a buyer wanting to get in a Bank Owned Foreclosure in San Diego, you better be prepared by being Pre Approved and ready to make a strong offer.  These Bank Owned properties are selling fast and the number of offers on the table are amazing.  For example, last month I took out one my buyers to see a Bank Owned Foreclosure in Mira Mesa which was only on the market for 6 days and they had 22 offers on the table.  Not only that, a week later another property in Mira Mesa we found had 25 offers in 4 days of market time.  Also a townhome in Scripps Ranch had 12 offers in a week.  Another situation today where one of my buyers absolutely loved a Bank Owned property in El Cajon had 14 offers on the table which the bank…

Open House...Really!?!

Today I did a open house at a great condo in Rancho Penasquitos.  What's amazing is I have been in the real estate business for 5 years and today was the busiest open house I've done.  I did from 1:00-3:30pm and had 21 families came by!  Yes, I did say 21 in this real estate market.  Well, not all of them are buyers.  Actually 4 of them were neighbors just curious about the price.  But still 17 of them were buyers.  Are one of them going to buy the condo?  I'm not sure but if I didn't do this open house, they wouldn't have known about this condo. 

So my point is I know doing open houses is boring but there are many of home buyers driving around.  So block out a couple of hours on Sunday, get out and do OPEN… Read Full Post