Cay and Carly give their perspective on the recent shift in the housing market – homes are selling in 1-2 weeks and they’re selling at or above list price. She what advice Cay and Carly have…
Houses Actively for Sale in San Diego Experience Extreme Differences
September 14, 2012 by Leave a Comment
Carly shares information regarding the housing market in San Diego. As of this time last year, there were 20,000 homes actively available for sale in San Dieogo. As of today, there are only 7,000 homes for sale. This drastic change is creating a flury in the market place. Buyers and Sellers are now experiencing multiple offers. There is a large “shadow inventory” from the banks that have foreclosed on homes and not yet released back on the market. Prices are still very good and interest rates have dropped even more to 3.5%. Buyers have much more buying power.
Call Carly TODAY for more information about what’s happening in your neighorhood. (858)231-6722
Are You A Buyer Making These Mistakes???
August 21, 2012 by Leave a Comment
This is an important message is for all the potential home buyers out there!
Yes, the market is changing and you need all of the proper tools and knowledge to purchase now. Allow us to present you with the mistakes you could be making in your quest for a home. Then, call us to help!
CAY & Carly (858) 231-2722
Here are the most common mistakes home-buyers tend to make in this ever-challenging market:
Mistake#1 –
Using 3rd party search engines exclusively to find your dream home.
While tools like Zillow, Trulia and Redfin are great to help you determine areas, values and general information, you will most likely get outdated data and instead of using time efficiently, these searches can be a time-waster. Get the real-time, active listings from us who are on top of the market using cutting edge technology such as email alerts and campaigns to get you into a house that comes on the market before it goes off.
Mistake #2 -
Not feeling any urgency for getting loan approval.
This market now is swift moving and we are usually in multiple offers on any price range. Be sure to have your loan in place and all of your proof of funds, credit and any other pertinent information ready to go. We’ll advise you on the inside scoop on whether or not to make a higher offer than list price. And, be prepared to have to write back up loan applications when it comes to foreclosures. It’s standard operating procedure in most cases.
Mistake #3 -
Not understanding the true value of list price vs. sale price
We know it’s tempting to write offers lower than the list price as the past has presented that to be the case; but now the list price really has no effect on what the actual sale price could end up at. Go over the values with us, and get a feel for the truth on price. We are in tune with this, and the old rule of writing offers 10% below list price could end up with you losing the house. Don’t let that happen!
Mistake #4 -
Not defining a market area quickly and thoroughly
While it’s so tempting to search all areas on the various websites, you must define the location and we mean quick. With many buyers vying for the same house in this currrent “hot” market, make sure you are writing on homes that you really want to live in and that you have researched the schools, community amenities, proximity to freeways and attractions, etc., which fit your particular needs. This will all be worth it when you go to sell, and don’t settle if you don’t want it.
Mistake #5 -
Not making a long term strategy on how to stay on top of inventory.
There’s only one way to do that; work with a professional, top agent in your chosen area. Agents with other part-time jobs, even friends or family, may not have the time it really takes to be on top of the changing inventory. And, if they skip something you should have been aware of, it could make family gatherings super stressful. We are well-informed and a full service team with listings and buyers who can bounce information and other potential homes in your direction for a successful close.
We are a wealth of knowlege with San Diego’s North County Real Estate!!!
Contact us if you want more information or would like to be represented by a highly respected and professional Real Estate Team! CAY & Carly (858) 231-6722
Carly discusses significant changes in the real estate market
July 24, 2012 by Leave a Comment
Carly discusses and increase in home sales on the state and local level. In San Diego alone there is a 36% increase from January 2012 to July 2012. Home prices are at their highest level. This is encouraging forboth sellers and buyers. In addition, the interest rate has dropped another point since last year which lends to a strengthening market.
Carly Shares Good San Diego Real Estate News
May 17, 2012 by Leave a Comment
Carly Bohnsack, San Diego Realtor with Real Living Lifestyles, shares some new home sales information showing an increase in both sales price and number of homes sold in April compared to March 2012. An even bigger increase is seen when comparing April 2011 to this April. Carly feels this is yet another sign of a bright future in our market with unprecidented low rates and prices.
Carly Offers Your Group a Presentation for San Diego Real Estate Overview
May 12, 2012 by Leave a Comment
Carly Bohnsack, Realtor at Real Living Lifestyles in San Diego, was recently invited to present a San Diego real estate market update to a group of Financial Advisors. They put together a strong program that was very well received. If your employees or other group would be interested in a similar presentation, please call/text Carly at 858-231-6722.
Carly on Low Appraisals
May 12, 2012 by Leave a Comment
Carly Bohnsack, Realtor with Real Living Lifestyles, explains the current low appraisals on home sales.
Carly’s Snapshot of Current San Diego Real Estate Market
April 19, 2012 by Leave a Comment
Hear Carly’s take on today’s marketplace here in sunny San Diego and take action! The inventory is at an all time low for this time of year. If you decide to sell now you may have quick results with multiple offers.
Lots of Economic News Coming This Week
January 24, 2012 by Leave a Comment
We just read this e-newsletter sent from a local San Diego lender, Tom Murphy at Homeservices Lending LLC. It points out all the economic reports that are expected to be telling that come out this week. We’re happy to see that last week’s Initial Jobless Claims were down by 50,000–the lowest since 2005.
Some of you may like following/learning more about our economy so read his full newsletter at www.thomasbmurphy.com. Tomorrow we will share another local San Diego lender’s real estate forecast for 2012.
Also, tune in to President Obama’s State of the Union address tonight at 6pm.
Forecast for the Week 
The reports that will be released this week will carry some weight:
- We’ll see a double dose of housing news with Pending Home Sales on Wednesday and New Home Sales on Thursday.
- As usual, Initial Jobless Claims will be released on Thursday. Last week’s read came in at 352,000, a drop of 50,000. That’s the biggest decline since September 2005!
- We’ll also see two important reports that will show us how the economy is doing. Thursday brings the Durable Goods Report, which gives us a read on big ticket items. This will be followed by the first reading on Gross Domestic Product (GDP) for the Fourth Quarter of 2011 on Friday.
- Finally, Consumer Sentiment will also be released on Friday.
In addition to those reports, the Federal Open Market Committee will hold a two-day meeting this week. The meeting will begin January 24 and end with a policy statement at 12:30 pm ET on January 25. There is no chance of a rate hike, but I will be listening for any hint of a third round of Quantitative Easing (QE3).
Remember: Weak economic news normally causes money to flow out of Stocks and into Bonds, helping Bonds and home loan rates improve, while strong economic news normally has the opposite result.
As you can see in the chart below, some encouraging economic and company earnings news last week helped halt the improving trend Bonds had been seeing. I’ll continue to monitor this situation.
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When “Hopeless” might be good for buyers and sellers!
January 10, 2012 by Leave a Comment
We read a lot of real estate news. Always looking for solid data, good news, helpful info to disburse amongst our 8 friends. A recent blog I read had a prediction for 2012 at the end of it that really made sense to us. The link to the full blog is at the bottom here.
4. Consumers will get ‘hopeless’
I mean hopeless in the best of all possible ways. For years, buyers and sellers have been waiting for that singular event to occur that would cause a quick market recovery. But 2012 will mark the fifth or sixth year of the real estate recession, depending on who you talk to. I predict that those consumers who have not already done so will drop unrealistic hopes for a fast return to the heady real estate fortunes of the subprime era. Instead, people will make their real estate plans based on:
- today’s low home prices, rather than the fantasy of what could happen if the market miraculously came back;
- assumptions of very low, or no, appreciation in home values for years to come; and
- very conservative estimates of their own finances and how they will grow.
As a result, buyers won’t break their necks to hurry and buy before prices uptick; rather, they’ll save and plan to buy when it makes the most sense for their finances. Homeowners will do the same; they will either refi, remodel and be content where they are for the long haul, or decide their homes no longer fit their lifestyles and their finances, divest of them and move on. But the good news is, people will make these decisions based on what is or is not sustainable for their lives and their finances, and not based on inflated hopes about what the market will or will not do.
Tara-Nicholle Nelson is author of “The Savvy Woman’s Homebuying Handbook” and “Trillion Dollar Women: Use Your Power to Make Buying and Remodeling Decisions.” Tara is also the Consumer Ambassador and Educator for real estate listings search site Trulia.com. Ask her a real estate question online or visit her website, www.rethinkrealestate.com.
Tara-Nicholle Nelson is a regular columnist with Inman News and we reallylHere’s the link to Tara’s full blog: http://www.inman.com/buyers-sellers/columnists/taranichollenelsoninmancom/4-predictions-about-2012
