Big Block Realty http://www.baoxian29.com 100% Commission Real Estate Broker Mon, 08 Jul 2019 22:08:59 +0000 en-US hourly 1 http://www.baoxian29.com/wp-content/uploads/2016/03/cropped-BBR-Vertical-Logo-32x32.jpg Big Block Realty http://www.baoxian29.com 32 32 Pacific Beach in San Diego Real Estate Spotlight http://www.baoxian29.com/pacific-beach-in-san-diego-real-estate-spotlight/ Mon, 08 Jul 2019 22:08:59 +0000 http://www.baoxian29.com/?p=11431   This Pacific Beach in San Diego real estate spotlight focuses on the community rather than a specific condo building. A while back we wrote about The Plaza Condos at Pacific Beach. Here ? Pacific Beach, San Diego Spotlight ? The Pacific Beach neighborhood in San Diego bounded by the Pacific Ocean to its west, […]

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This Pacific Beach in San Diego real estate spotlight focuses on the community rather than a specific condo building. A while back we wrote about The Plaza Condos at Pacific Beach. Here

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Pacific Beach, San Diego Spotlight

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The Pacific Beach neighborhood in San Diego bounded by the Pacific Ocean to its west, Mission Bay and Mission Beach to its south, La Jolla to its north, and Interstate 5 to the east.?

Pacific Beach offers one of San Diego’s liveliest nightlife scenes. Best known as “PB” by the locals. It’s Garnet Avenue and Mission Boulevard streets contain ample restaurants, bars, and clothing stores.

But, it’s more well-known for the numerous parks and beaches.

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Pacific Beach, San Diego Real Estate

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In 2019, the average price for a Pacific Beach home is $1.3 million. Pacific Beach neighborhood homes stay on the market an average of 49 days.

The total population in Pacific Beach is around 50,000. Their median age is 31.3 years. The population evenly divided between men and women. Most obtained a college degree.

Most PB’s are white-collar workers at private companies. Average household income at $95,000. Nearly 23,000 households in Pacific Beach. Almost everyone owns a car.

Got Questions?

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Pacific Beach, San Diego Parks

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Imagine seven parks in one neighborhood!

Pacific Beach even boasts the biggest aquatic park in the U.S. Here’s summary and links to each park.

Mission Bay Park with more than 4,230 acres of water and land makes it the country’s largest aquatic park. Includes 19 sandy beaches along 26 miles of shoreline. Eight of them offer designated swimming areas. Over 15 million visitors enjoy this park every year.

Kate Sessions Memorial Park loved by dogs and picnickers for frolicking and enjoying fabulous views.

Crown Point Park on the bay where locals gather for the traditional Fourth of July fireworks display.

Law Street Beach Park offering fantastic sunset views and yoga.

Tourmaline Surfing Park provides a remote beach location near Pacific Beach where locals enjoy surfing.

Pacific Beach Recreational Center Park offering recreational facilities like lighted tennis and basketball courts, gyms, weight rooms, games room, lighted multi-purpose athletic field, and a children’s sandlot.

Fanuel Street Park located at the end of Pacific Beach. Popular with local joggers. Loved by families due to its large playground facilities perfect for toddlers and older children.

Besides the seven parks, Pacific Beach also enjoys open space and rich wetlands through Rose Creek flowing through Pacific Beach before reaching Mission Bay.

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Pacific Beach, San Diego Beaches

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Three beaches known as “The Strand” by locals consisting of:

Mission Beach nestled on the south side of Mission Drive.

Pacific Beach stretching from the La Jolla cliffs to Mission Bay. Also, it contains the Capehart Dog Park with its fenced-in area for dogs to roam and frolic without leashes.

North Pacific Beach located north of the Boardwalk and Crystal Pier.

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Pacific Beach, San Diego Attractions

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Trip Advisor recommends these Pacific Beach, San Diego attractions:

Pacific Beach Boardwalk known as the “Ocean Front Walk on Ocean Boulevard”, but the locals call it the “Boardwalk”. Providing a 3-mile beachfront pedestrian walkway. Offering lots of bars, restaurants, small shops, and hotels. A great “people watching” spot.

Tuesday Farmers Market for fresh fruits, vegetables, herbs, bread, meats, flowers, and produce. Open every Tuesday between 2 p.m. to 7 p.m. Located at Bayard between Garnet Ave, and Grands Ave. The prepared foods include take out and on the spot stands and gourmet foods. Their Information Booth allows using your debit or credit cards to purchase Market Money accepted by all vendors.

Crystal Pier offers a public pier and hotel located near the Boardwalk on Garnet Avenue.?

Mission Bay Golf Course a 46-acre 18 hole executive golf course. San Diego’s only golf course with night lights. A par 58 course where Tiger Woods won a Junior World title.? Features waterfalls, lots of trees and foliage, and ponds in a luxury setting. Buy a local Resident Card for $25 and get year-round discounts.

Pacific Beach/Taylor Library (12,480 square foot) hosts many events year round. So many, they maintain an online calendar of upcoming events. Here

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Pacific Beach, San Diego Restaurants

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Four Square recommends these Pacific Beach, San Diego restaurants:

Restaurante Costa Brava for their Spanish tapas, sangria, and paella.

Oscar’s Mexican Seafood especially for their fish tacos.

JRDN for their steamed mussels, fantastic risotto, and beet salad with warm mussels. Reviewers loved dining in their outdoor patio.??

 

Trip Advisor recommends these Pacific Beach, San Diego restaurants:

The Fishery rated 4.5 Stars (out of 5) by 360 reviews for its fresh seafood.

Sushi Ota another 4.5 Stars from 820 reviews for their fresh sushi.

Kono’s Café got 4.5 Stars from over 1,170 reviews for their American style breakfasts.

Taco Surf also got 4.5 Stars from 211 reviews for their Mexican food and fish tacos.

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Best Bars in Pacific Beach, San Diego

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So many great bars located in Pacific Beach!

Here’s a link to a list and description of the 13 best bars (with photos) published by the San Diego Entertainer Magazine. Here

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Pacific Beach, San Diego Schools

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A member of the San Diego Unified School District. Pacific Beach community schools include:

Barnard Elementary teaching students K-5 grades both English and Mandarin Chinese.

Kate Sessions Elementary a small school located in North Pacific Beach.

Pacific Beach Elementary rated by the Great Schools organization 9 Stars (out of 10) for academic testing results.?

Crown Point Elementary where their “Music Opens Minds” program focusing on music to educate their students.

Pacific Beach Middle School a 60-year-old school also offering Mandarin Chinese language classes.

Mission Bay Senior High School a public magnet high school with a renowned jazz program. Since 2006, they offer an International Baccalaureate Diploma Programme (IBDP) a two-year program for 16 to 19-year-olds.

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Conclusion

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Our Pacific Beach in San Diego real estate spotlight describes a small community loaded with beautiful parks and beaches. Also, “P.B.” provides an active nightlife.

Renowned public schools with two of them offering courses in Mandarin Chinese. Another teaches their students through music. Also, their high school offers an IBDP college prep program.

Great restaurants especially for seafood and Mexican cuisine.

Contact Us to learn more about the Pacific Beach, San Diego neighborhood and available homes.

Steven Rich, MBA – Guest Blogger

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Search Local Real Estate Below Or Use Our: Home Search Tool:

HAVE ANY QUESTIONS?

Let us know, we love to help:

Call: (800) 550-3209

or Click: www.www.baoxian29.com/contact

Big Block RealtyCA BRE #01885775

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Coronado Beach South Island Real Estate Spotlight http://www.baoxian29.com/coronado-beach-south-island-real-estate-spotlight/ Mon, 08 Jul 2019 16:57:14 +0000 http://www.baoxian29.com/?p=11380   Our Coronado Beach South Island real estate spotlight highlights a San Diego neighborhood located within the beach community of Coronado. Homes range from 1920s vintage to newer constructed. Easy access to beaches, San Diego Bay and the city of San Diego. A prominent neighborhood on Coronado Island featuring large estate homes. Close to the […]

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Coronado Beach South Island

 

Our Coronado Beach South Island real estate spotlight highlights a San Diego neighborhood located within the beach community of Coronado.

Homes range from 1920s vintage to newer constructed. Easy access to beaches, San Diego Bay and the city of San Diego. A prominent neighborhood on Coronado Island featuring large estate homes. Close to the historic Hotel Del Coronado.

Don’t get confused with our past spotlight on the Coronado Shores condos. Here

This spotlight focuses on a different part of Coronado.

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Coronado Beach South Island History

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Originally, two separate islands existed: Coronado South Island and Coronado North Island. Over time, ocean currents deposited sediments connecting the two islands. Sediment also connected the two islands to the mainland. Currently, considered a peninsula. Yet, “Coronado Peninsula” never gained acceptance amongst locals.

The County of San Diego property tax bills officially calls this area “Coronado Beach South Island”.

The U.S. military occupied the other side of Coronado Island since 1917. Known as the “Naval Air Station North Island”.

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Coronado Beach South Island

 

Coronado Beach South Island Location

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Just off the Coronado Bridge connecting the City of San Diego to Coronado Island.

Nearby neighborhoods include:

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Coronado Beach South Island Real Estate Market

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San Diego real estate agents describe the Coronado Beach South Island neighborhood as “quaint”, “charming”, “historic”, and “beautiful beaches”.? ?

According to Redfin, the 2019 Coronado Beach South Island real estate market trends show:

  • Median List Price of $2.15 million;
  • Median List Square Foot Price = $987;
  • Average Selling Price at 95.5% of the median list price;
  • Average Down Payment of 49%;
  • Number of Sold Homes = 23; and
  • Median Sales Price Square Foot = $967.

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Coronado Beach South Island

 

Coronado Beach South Island Things to Do

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Coronado Beach

Their?Coronado Beach the most popular neighborhood beach.

Dr. Beach which rates the best beaches in America since 1989 using criteria of 50 factors such as sand softness, water temperature, public safety, and views.

In June of 2019, Dr. Beach awarded Coronado Beach as the 9th Best Beach in America.

Stretches for 1.5 miles with a very flat soft white sand because of the presence of mica giving the sand a silvery sheen. Perfect for walking and skim boarding. Popular with surfers, swimmers, beachcombers, and sunbathers. Families arrive early armed with coolers, beach towels, umbrellas, and picnic baskets and bask in the sun all day.

Coronado Beach offers:

  • Lifeguards from 9 am to dusk with a lifeguard tower;
  • Restrooms and showers;
  • Fishing in front of the Hotel Del Coronado;
  • Tide pools;
  • A dog run at its north end;
  • Fire rings; and
  • Free parking.

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Coronado Beach South Island Tidelands Park

 

Coronado Tidelands Park

The Tidelands Park located next to the Coronado Bridge entrance offers:

  • A skate park;
  • Sports fields; and a
  • Sandy beach on San Diego Bay.

Its small beach lined with palm trees with a paved “Bayshore Bikeway” popular with bikers, walkers, and joggers. At its south end, sailboats tie up to offshore buoys and use dinghies to reach the beach.

Very popular with stand-up paddleboards and kayaks available to rent and the nearby Ferry Landing.

The park also provides a play area for children, picnic tables and restrooms. Free parking also available.

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Centennial Park??

Centennial Park provides a small sandy beach on San Diego Bay. Great views of the downtown San Diego Skyline from the beach and its grassy park.

Actually, two beaches consist of Centennial Park. The popular park beach contains tall palm trees near the Ferry Landing. The second beach set away from the landing offers a quieter surrounding.? ?

 

Hotel Del Coronado

Built in 1888, this historic Hotel Del Coronado remains a very popular site to visit by tourists and locals alike. Showcases a classic Victorian architecture with a peaked red roof which awes visitors and guests.?

Dining at the Del provides seven dining experiences ranging from sea-to-table cuisines and their legendary Crown Room Brunch.

 

Coronado Local Farmers Market

 

Coronado Local Farmers Market

Coronado Farmers Market only held on Tuesdays in the afternoon from 2:30 to 6 pm. Situated near the Ferry Landing parking lot. Considered the longest running farmer market in San Diego County. Vendors sell flowers, meats, fresh produce, crafts and more.

 

Coronado Dog Beach

The Coronado Dog Beach lives up to its name as dogs run freely. The only beach on Coronado Island allowing for off-leash.

However, dogs only allowed off leashes in a designated area with signs. You must keep your dog on a leash from the parking lot to the designated area.

 

Coronado Ferry Landing

 

Coronado Ferry Landing

The Coronado Ferry Landing sits next to a great shopping village offering boutique shops for both sexes, souvenirs, designer sunglasses, and more. Next to the ferry landing are rentals for bikes, stand-up paddle boards, and kayaks.

 

Lamb’s Players Theater

Lamb’s Players Theater, since 1971 a professional non-profit performing arts theater in Coronado.

 

The Village

The Village” movie theatre operating for over 65 years at the same location contains 3 theatres. Although a historic building, it offers 3D and other states of the art media.

Visit the Coronado Tourist Information site for more insight into these things to do. Here

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Best Coronado Bars and Restaurants

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Il Fornaio considered the best by many locals as the best restaurant. Authentic Italian cuisine for seafood and meat lovers along with vegan and vegetarian options.

The Tavern as the best bar by locals features casual attire and a great meeting spot. Craft beers and hearty food along with an outdoor patio area. Inside feels like a brick wall warehouse effect creates a down to earth atmosphere.

Leroy’s Kitchen and Lounge?offers contemporary American food. So popular with locals for its good food expect to wait for a table.

The Brigantine for fine seafood since 1969. Locals like the food and its friendly service. Their fish tacos win many awards. Famous for their freshly shucked oysters and marinated grilled swordfish. Meat lovers like their classic filet mignon.

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Coronado Beach South Island School

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Only one school inside this neighborhood.

Village Elementary School with grades K-5 earned 8 Stars (out of 10) from the Great Schools site.

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Conclusion

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This Coronado Beach South Island real estate spotlight focuses on a small neighborhood on Coronado Island.

Local real estate agents describe this neighborhood as “charming”, “historic”, and “quaint”, with “beautiful beaches”.

Its close location to the Coronado Bridge allows easy access to San Diego and other beach communities.

This Coronado Beach South Island real estate market indicates a wealthy neighborhood with homes Median List Price of $2.15 million selling for a little over $2 million in 2019.

Things to do in the Coronado Beach South Island neighborhood includes:

  • Beautiful beaches including the 9th best beach in America and a dog-friendly beach;
  • Nice parks;
  • Hotel Del Coronado for viewing classic Victorian architecture and fine dining;
  • A weekly Farmer’s Market for fresh produce and more;
  • Live theater and performing arts;
  • A modern movie theater in a historic building; and
  • Four eating and drinking establishments offering authentic Italian to fine seafood cuisines.

The only neighborhood school, Village Elementary, rated 8 Stars by a highly-regarded national school rating organization.

Thus, Coronado Beach South Island offers luxury living with access to beaches, fine cuisine, performing arts, fresh produce market, and near San Diego.

Contact Us to talk with one of our Realtors to learn more about this wonderful neighborhood and the available homes for sale.

Steven Rich, MBA – Guest Blogger?

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Search Local Real Estate Below Or Use Our: Home Search Tool:

HAVE ANY QUESTIONS?

Let us know, we love to help:

Call: (800) 550-3209

or Click: www.www.baoxian29.com/contact

Big Block Realty – CA BRE #01885775

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University Heights, San Diego Real Estate Spotlight http://www.baoxian29.com/university-heights-san-diego-real-estate-spotlight/ Mon, 17 Jun 2019 18:50:16 +0000 http://www.baoxian29.com/?p=11275   University Heights, San Diego real estate spotlight emphasizes its central location to downtown and the beaches. Defined by its neon “University Heights” sign spanning Park Boulevard. The Welcome to San Diego site describes the University Heights neighborhood as: “Home to a diverse population who enjoy the area for its convenient location, strong sense of […]

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University Heights, San Diego Real Estate Spotlight

 

University Heights, San Diego real estate spotlight emphasizes its central location to downtown and the beaches.

Defined by its neon “University Heights” sign spanning Park Boulevard.

The Welcome to San Diego site describes the University Heights neighborhood as:

“Home to a diverse population who enjoy the area for its convenient location, strong sense of community, great restaurants, and its unique combination of history, architecture, art, music, and theatre.” Source

The Neighborhoods.com site describes University Heights as the:

“Heart of San Diego’s vibrant ‘Mid-City’ region. A popular, well-established neighborhood yet somewhat low-key neighborhood. Known for its small but superb dining options, low congestion, and closeness to both Downtown San Diego and the beaches.” Source???

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University Heights, San Diego Location

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The University Heights neighborhood in central San Diego lies between Adams Avenue and Park Boulevard. Next to the Normal Heights and Hillcrest neighborhoods.

Its boundaries include Lincoln Avenue to the south, the edge of the mesa on its north and west, and Boundary Street near Interstate 805 to its east.

Both Adams Avenue and Park Boulevard provide its main area of live entertainment most nights along with artist studios, coffee shops, restaurants, and boutiques.

Just minutes away you find Downtown, Mission Valley, the San Diego Airport, Balboa Park, and San Diego State University (SDSU).

Getting to University Heights

From Interstate 8 (I-8) travel south on Highway 163 and take the Washington Street (east) exit. Then, turn left to Park Avenue which takes you into the heart of University Heights.

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University Heights History

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Founded in 1888, the “University” name evolved from the original plan to build a University of Southern California branch there. Alas, the plan never materialized. But, the land eventually became San Diego State College later named San Diego State University which moved to a larger area in the 1930s. The land currently headquarters the San Diego Unified School District.

The only historic district in University Heights consists of Shirley Ann Place which the City of San Diego designated as a historic district in the 1920s due to its bungalows featuring a Spanish Colonial Revival architect style.

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University Heights, San Diego Real Estate Spotlight 5

 

University Heights, San Diego Real Estate Market 2019

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Most housing in University Heights consists of smaller single-family homes in the 2 to 3 bedroom range. Also, some small apartment and condo buildings exist.

Living near Park Boulevard puts you close to Downtown and the beaches. If you desire a quiet street look east with the streets named after U.S. states.

Few tourists wander around University Heights largely populated by locals.

University Heights homes remain on the market an average of 50 days and sold very close to the listed price. Homeowner’s fees average $295. Property taxes average $5,630 per year. Other facts for 2019:

  • Prices Range from $178,000 to $2,650,000;
  • Sales Prices close at $150,000 to $2,225,000;
  • Median Sales Price at $508,000
  • Average homes sell for $581 per square foot; and
  • Ages from 1903 to 2018.

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University Heights, San Diego Demographics

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The demographics of University Heights reveals:

  • Housing units of 5,920;
  • Total population of 11,152;
  • Nearly equally divided between males and females;
  • Median age of 35.1;
  • U.S. born citizens of 9,210 (82.5%);
  • Lived in the same house last year 82%;
  • Nearly 60% white collar employed;
  • Households without children 42%; and
  • Owns a car 90%.

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University Heights, San Diego Real Estate Spotlight 6

 

Got Questions About University Heights in San Diego?

Big Block Realty Contact

University Heights, San Diego Real Estate Spotlight 5

 

University Heights, San Diego Parks

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Trolley Barn Park

Rated 4.5 Stars (out of 5) by Yelp. Viewers love the cushy padding under the playground equipment.

Located at 1998 Adams Avenue very popular with young families for its large playground and chess tables.?

Very?popular for hosting Friday evenings free concerts during the summer.

The local street plan mimicked by the pattern of the sidewalks around its playground also echoed by its carved stone plaque.

Also, offering a large grassy lawn overlooking a canyon perfect for picnics.

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University Heights Point

Yelp rated 4.5 Stars (out of 5) for its “off the beaten path” far away from freeway noises favored by locals. Perks include:

  • Offering a beautiful vantage point above a valley.
  • Joggers and dog walkers love this quiet park.
  • Rustic in that no playgrounds, tables, park benches or picnic areas exist.?

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University Heights, San Diego Things to Do

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Tripsavvy recommends these activities in University Heights:

Shopping in the antique shops and boutiques became popular years ago. For instance, visit La Loupe Vintage – A little folk and a little “rock n roll” in this petite boutique with accessories and jackets from the 60s to today.

Theatre – Local?productions of LGBT themes by the Diversionary Theatre on Park Boulevard draws large crowds.

Best Entertainment and DrinksSmall Bar, a hipster hangout offering a large variety of local beers on tap and excellent food. The Lancers for a local dive bar. Great coffees and live music performances at Twiggs.

Best EatsTwiggs for coffee and baked goodies. El Zarape for Mexican food. Adams Avenue Grill for meat, chicken, and fish grilled. Also, the Parkhouse Eatery for their Southwest crab benedict topped with California chili hollandaise.

Best HangoutLestat’s coffee shop open 24/7 attracts large crowds.

Adams Avenue – The many thrift shops and antique stores makes the stretch to Normal Heights known as “Antique Row”. Also, the host of Southern California’s biggest free music street festival held annually.

Park Boulevard – Walk down to Balboa Park to enjoy drinks, food, and live music. Visit the Botanical Garden and Museum of Man.

Park & Rec where adult fun (beers and cocktails) blends with childhood nostalgia games. Offers a huge space including an outdoor patio, large indoor bar, and even a bungalow hosting DJ’s dance parties. Try the mezcal cocktails end play table tennis in their outdoor area including Connect 4 and Jenga games. Check out their Instagram for photos of their complex. ?

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University Heights, San Diego Restaurants

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San Diego Magazine recommends these restaurants in University Heights:

Madison – Its cedar walled dining room displays geometric patterns and vaulted ceilings. They recommend the gluten-free pasta, salmon skewers with couscous, and Portobello fries with chipotle sauce.?

Pop Pie Co. – Their motto “In Pie We Crust” displayed on a neon sign in their wall says it all. They prepare unique pies including Thai Panang Curry roasted vegetable pie for lunch or dinner and a coconut cream pie for dessert. Look at their Instagram page for great photos.

Hundred Proof – A gastro-cocktail bar also serving great meat-heavy food menu. They also serve a fried chicken sandwich and pizza. The décor includes a large Marlene Dietrich photo with rabbit print wallpaper as a background.? Check out their Instagram page for lots of photos.

Grains – A farm to table rustic establishment featuring vegan Asian cuisine on Adams Avenue. Local beers on tap along with “non-meat” foods like duck larb, non-GMO local tofu, tom ka soup, and calamari mushrooms.

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University Heights, San Diego Real Estate Spotlight

 

University Heights Schools

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The University Heights schools come under the jurisdiction of the San Diego Unified School District.

Birney Elementary School – Public grades K-5 with around 550 students. The Great Schools site rates Birney as 9 Stars (out of 10).

Florence Elementary School – Public grades K-5 with around 550 students.

Garfield Elementary School – Public grades K-5 with over 330 students.?

High Tech Elementary School – a Charter school grades K-5 with around 400 students.

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Conclusion

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University Heights, San Diego real estate spotlight best summarized as a friendly, quiet residential suburban neighborhood.

Adams Avenue and Park Boulevard offer unique bars, restaurants, activities, and entertainment venues. In the summer, the Adams Ave. Street Fair provides the biggest free music event in Southern California.??

The locals consist of white-collar workers, the U.S. born, the median age of 35 and 90% owning a car appreciating the proximity to beaches and downtown San Diego in a quiet neighborhood.

Contact Us to learn more about University Heights living and available housing to purchase.

Steven Rich, MBA – Guest Blogger

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Search Local Real Estate Below Or Use Our: Home Search Tool:

HAVE ANY QUESTIONS?

Let us know, we love to help:

Call: (800) 550-3209

or Click: www.www.baoxian29.com/contact

Big Block Realty – CA BRE #01885775

 

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Home Staging Tips That Arouse Buyers http://www.baoxian29.com/home-staging-tips-that-arouse-buyers/ Thu, 13 Jun 2019 22:28:19 +0000 http://www.baoxian29.com/?p=11248   These home staging tips that arouse buyers leads to faster and higher priced sales. In truth, buyers decide on emotion rather than practicality. The purpose of “curb appeal” focuses on arousing positive emotional interest from buyers. A while ago, we published a post here explaining how to create buyers’ positive first impressions. Here ? […]

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Home Staging Tips That Arouse Buyers

 

These home staging tips that arouse buyers leads to faster and higher priced sales.

In truth, buyers decide on emotion rather than practicality.

The purpose of “curb appeal” focuses on arousing positive emotional interest from buyers. A while ago, we published a post here explaining how to create buyers’ positive first impressions. Here ?

Home staging stimulates the emotion of “feeling like home” in buyers’ minds. It’s not the number of bedrooms and bathrooms or square footage that sells homes. Its feelings that sell.

Home staging should impact prospective buyers. They must envision already living there. “Yes, this feels like home”.

That’s why home staging sells homes by cultivating that special feeling.

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Definition of Home Staging

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Home staging begins with the mindset that you are not selling your property. Rather, you’re selling buyers their new home. This means your house must look like theirs and not yours.

That’s why you must hide certain items in your home like:

  • Family photos;
  • Your children’s drawings on the fridge;
  • Sports schedules on the fridge;
  • Laundry and shoes;
  • Personal toiletries;?
  • Sports memorabilia;
  • Dishes in the sink and counters;
  • Pet smells you don’t notice anymore;
  • Pet beds and toys; and
  • Junk mail.

?In other words, de-personalize your home to look neutral.

Also, get rid of all clutter, make necessary home repairs, paint and caulk bathrooms. Set the stage so your home puts on a show.

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Most Important Rooms to Stage

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No need to make your home a photo shoot for Better Homes & Gardens. Yet, proper staging increases sales pricing. A National Association of Realtors (NAR) survey of buyer’s agents showed 46% of them claiming home staging increased the sales price up to 10%.

This same survey showed that the most important rooms for staging:

  • Kitchen;
  • Living Room; and
  • Master Bathroom.

?Let’s explore these rooms.

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The Kitchen

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Replace old appliances, clear the countertops, and give a face-lift to your cabinets with new fixtures and fresh paint.

Arouse buyers’ senses by arranging atmospheric features in the kitchen. For instance, a couple of cookbooks, a bowl of fresh fruit, placemats, and flowers.

Some agents report that baking cookies in the oven create a wonderful smell. Top that off by offering warm cookies to prospective buyers. The smell and warm taste create the illusion of what their future kitchen offers.

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The Living Room

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Most people find subtle patterns and neutral colors appealing in a home. Creating a warm, inviting, and comfortable feeling begins with the living room.

People like to put up their feet on a comfy couch with a pillow or two in the living room.

Try to coax a potential buyer into settling down on the couch. Look at it like test driving a car before buying.

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The Master Bathroom

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The master bath must inspire tranquility.

Hide the damp towels and replace them with nice fluffy white towels. Place small soft white towels in an attractive wicker basket. Put some spa-like body products on the counter.

Hang a fluffy white bathrobe and light a couple of unscented candles to create an aura of relaxation.

Consider making a few small upgrades in your master bathroom. Like towel rackets, faucets, mirrors, and lighting.

Hang a new shower curtain and empty the medicine cabinet. Clean every corner and surface.

 

Got Questions?

Big Block Realty Contact?

 

Visit Furniture Stores for Home Staging Ideas

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Not to buy new furniture.

But, to view the settings they create around the dining room sets, bedroom sets, and love seats and couches. Pay attention to the extra items making the furniture more attractive. Shoot for the same allure when staging your home:

  • Hang a mirror in the front hall and living room;
  • Hang new or clean drapes;
  • Put up some paintings or scenic pictures;
  • Place recent issues of popular magazines on the coffee table;
  • Replace outdated light fixtures;
  • Plants liven up rooms;
  • Add a few accent color items to each room like a throw blanket, a vase, or picture frames; and
  • Place a practical appliance like a coffee maker on the kitchen counter. ??

Less furniture in each room makes them appear larger and focuses on the primary purpose (like a playroom, a guest room, or an office).

Keep the garage and closets tidy with fewer items making them look larger.

Tip: Keep props neutral like the colors in rooms. No political or religious props.

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Home Staging Costs

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Sure, home staging takes time and costs money. But, contemplate how much to spend to increase your home’s value up to 5%.

Depending on your budget, consider using a professional home staging company. Their costs depend on your home size and how much staging to do.

If your house is empty you must rent and transport staging furniture and props. But, if you occupy your home then spend the time to clean and tidy it up and decide what repairs and props you need.

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Another Alternative: Virtual Home Staging to Arouse Buyers

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Nowadays you can create a computer-generated “virtual Home staging” for online prospective buyers. They take a virtual tour of your home furnished and displaying different colors in every room.

Virtual home staging comes with pros and cons. The pros include these advantages:

  • Flexibility to redesign each room in your home in a variety of ways appealing to different buyers;
  • Cheaply “furnish” your entire home creating an inviting warmer impression; and
  • Showing potential buyers various possibilities for each room, even how it looks empty.

One disadvantage to virtual home staging is limiting your home to only online viewers. When a potential buyer wants to personally view your home you need to stage it anyway.

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Sell Faster with Home Staging

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You want to sell your home as fast as possible. Home staging lets you turn a simple walk through into a unique experience arousing positive emotions.

You transform your home into an appealing “this feels like home” environment to potential buyers.? ???

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Conclusion

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The home staging tips that arouse buyers suggested here try to stir “it feels like home” emotions for a faster sale at a higher price.

You only need to stage the kitchen, living room, and master bathroom. Furniture stores provide excellent staging ideas with the ways they stage their furniture sets.

Virtual home staging gives you the flexibility to highlight each room with different colors and furnishings.

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Need Great Ideas for Your Home Staging?

?

Contact Us so one of our Realtors may help you with home staging ideas.

Steven Rich, MBA – Guest Blogger

?

Search Local Real Estate Below Or Use Our: Home Search Tool:

HAVE ANY QUESTIONS?

Let us know, we love to help:

Call: (800) 550-3209

or Click: www.www.baoxian29.com/contact

Big Block RealtyCA BRE #01885775

 

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Zillow Offers – 2019 Review http://www.baoxian29.com/zillow-offers-review-2019/ Tue, 28 May 2019 22:47:43 +0000 http://www.baoxian29.com/?p=11218 This Zillow Offers review 2019 incorporates various reviews from home buyers to real estate agents. Before getting into the reviews of the new Zillow Offers program let’s look at what Zillow does. ? Zillow Overview: ? Zillow headquartered in Seattle launched in 2006. Zillow describes itself as a “leading real estate and rental marketplace” offering […]

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This Zillow Offers review 2019 incorporates various reviews from home buyers to real estate agents.

Before getting into the reviews of the new Zillow Offers program let’s look at what Zillow does.

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Zillow Overview:

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Zillow headquartered in Seattle launched in 2006.

Zillow describes itself as a “leading real estate and rental marketplace” offering consumers information, knowledge, and inspiration when seeking a home. They also connect buyers with local real estate professionals. Source

Zillow’s database provides information about owning a home. Their database includes over 110 million U.S. homes.

Their “Zestimate” estimates home market values. Source? Bloomberg calls “Zestimates” the “Kelley Blue Book for American homes”. Source

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What is Zillow Offers?

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Zillow Group Inc. began its “instant offers” program in May 2018. Recently, Zillow dropped the “instant” name.

According to Zillow, their Zillow Offers program allows homeowners to ask Zillow to make an offer to buy their homes. All cash (no financing) offers made within a few days. Zillow claims a faster closing than traditional listings with buyers applying for financing. Source

Zillow joined a “new breed of high-tech home flippers, sometimes called “iBuyers” including Silicon Valley startups and a small group of adventurous real estate brokerages with instant offer operations. Backed by Silicon Valley and Wall Street capital and “Zestimates” algorithms making home price predictions buying homes on a massive scale making small profits on every flip.” Source

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How does Zillow Offers Work?

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In a nutshell, Zillow buys houses, fixes them up, and resells them for a profit. Thus, Zillow Offers is a high-tech “Fix & Flip” houses program.

Sellers get an all-cash buyer with a fast closing date depending on the seller’s preference. Since sellers need to find a replacement home they decide when to close with enough time to buy a new home before their current home closes. The closing time between five days to 90 days.

However, Zillow does not buy every home. Their criteria remains a secret.

Here’s the process for requesting a Zillow Offer.

Homeowners provide:

  • The home address;
  • Basic home details (square footage, year built, etc.);
  • Information about the home’s past updates or upgrades; and
  • Other information relevant to the home’s value.

While photos not required, Zillow encourages uploading photos of the interior and exterior.

In approximately two business days Zillow prepares an offer. The homeowner only has five business days to respond before the offer expires.

During the five day period, homeowners may contact a Zillow Offers Advisor with questions. That advisor will walk homeowners through the next steps after acceptance of the offer.

Until the homeowner signs a sales contract he or she is under no obligation to sell to Zillow.

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How Zillow Determines Offers

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According to Zillow’s website, Zillow begins with its Zestimate. Then looks at the information provided in the homeowner’s application. Also, Zillow gets a local real estate agent to perform a Comparative Market Analysis (CMA).

Then Zillow factors in estimated renovation costs and repairs. The offer is either confirmed or adjusted after an in-person evaluation of the home.

Home inspection required as a typical buyer conducts. The results of the home inspection determine if the initial offer gets adjusted. The estimated costs of repairs and renovations to resell the house factors into the final offer.?

Negotiating not allowed. Homeowners either accept the initial offer and the modified offer (after the inspection) or not. However, if a homeowner points out missing or incorrect information impacting the estimated value of the home, Zillow may consider repricing the home.

Zillow also points out that homeowners do not need to prep or clean up the home.

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Current Locations of Zillow Offers As Of This Writing

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Currently, Zillow Offers available in these cities:

  • Atlanta;
  • Charlotte, NC;
  • Dallas;
  • Denver;
  • Houston;
  • Las Vegas;
  • Minneapolis;
  • Phoenix;
  • Raleigh, NC; and
  • Riverside, California.

New locations coming in 2019 and 2020. ?????

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What Fees does Zillow Offers Charge?

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Zillow’s website FAQ states: “There is no cost to request or receive an offer from Zillow. If you choose to sell your home to Zillow, you will receive a clear statement outlining any fees associated with the offer.” Source

Talk about vague! So, no cost to request an offer. But, once you accept Zillow’s offer then you receive a statement outlining their fees.?

Two competitors began operations like Zillow’s Offers years ago. OfferPad and Opendoor buy homes, fixes them up, and resells them for profits.

According to the New York Times, Opendoor charges a 7.5% commission much higher than other brokerages.

 

?Have Questions Or Want An Offer From One Of Our Cash Investors?

Big Block Realty Contact

 

Zillow Offers – Pros

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Zillow Offers advantages include:

  • Selling the home faster than traditional sales;
  • No need to clean or prep the house;
  • No viewings by agents;
  • Zillow takes care of all repairs; and
  • Homeowners specify the closing and moving dates.

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Zillow Offers – Cons

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Disadvantages of Zillow’s Offers include:

  • Zillow investors looking for cheap deals to make big profits;
  • Lower offers than market value;
  • Ambiguous fees; and
  • Zillow only uses 15 potential buyers.

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What Do Other Zillow Offers Reviews Say??

 

Bloomberg points out that Zillow Offers caters to “people who will take a large discount to sell in a hurry”. Source

Bigger Pockets published a Zillow Offers user experience consisting of several problems with the home inspection results. The inspection lowered the original offer by $30,000. The writer owns 10 rentals and knew the repair estimates were too high. In the end, Zillow offered $181,000 and he refused later selling the house for $224,000. So, the Zillow Offer was $43,000 lower than the actual market value. Source? ?

Inman published a Zillow Offers review in 2017 claiming no benefits to the home sellers who get low offers and still pay fees above typical agents’ fees. Only the investors and Zillow benefit. Inman claims that Zillow Offers uses:

  • Inaccurate Zestimate valuations;
  • Low offers;
  • High fees; and
  • Most markets don’t need the service. ?

Nerdwallet claims Zestimates as: “No more than an informative educated guess”. Source ?

Some brokers point out that Zillow’s Zestimates maintain a 6% error margin in the Boston area. Source? ???

In 2018, U.S. News published a story claiming that opting for a Zillow “expedited home sale” is not in the best interests of the home seller.

The Truth about Mortgage site claims Zillow Offers aims at impatient sellers looking to quickly offload their homes. Initial offers often lowered after the home inspection when repairs factor in.?

The Apartment Therapy site questions the cost to homeowners. The Zillow website remains vague about what fees homeowners pay with Zillow Offers.

The List Clever site points out several problems with Zillow Offers like:

  • Zillow’s potential buyers want to buy cheap to make big profits;
  • Zillow only uses 15 potential buyers restricting the number of offers;
  • Unclear fees and costs until the final offer; and
  • Selling fast means lower offers like distressed sellers.

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Would You Eat at a Restaurant that Yelp Rates 1 Star?

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According to the Consumer Affairs website, on May 19, 2019, Zillow earned only a 1 Star (out of 5) ranking from 499 raters for “overall satisfaction”. Source

This begs the question: Would you eat at a restaurant that Yelp rates as 1 Star?

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Like the Fast & Furious Movies, Negative Reviews about Zillow Keep Coming

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Forbes published a story in 2018 about Zillow’s “Premier Agent” ad program where listing agents upload their listings.?Buyers who click on a listing don’t get directed to the listing agent. Instead, they get directed to a “Premier Agent” who paid Zillow to put their name, photo and contact information displayed on other agents’ listings. The listing agent doesn’t get any buyers directed to their listings.

The Real Deal reports that New York State is investigating the legality of Zillow’s “Premium Agent” program.

The Sitejabber review site rates Zillow 3 Stars (out of 5) only because 269 reviewers rated Zillow 1 Star while 263 rated it 5 Stars. Thus, reviewers either love or hate Zillow.

The Trustpilot review site rates Zillow only 2 Stars (Poor) based on 32 reviews claiming “false information”, “Agents you’ve been warned”, and one agent claiming: “These people are con artists”. Source

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Conclusion

 

Our Zillow Offers review 2019 research found more negative reviews than positive ones.

Zillow Offers no more than a high-tech Fix & Flip type offer:

  • Low purchase price;
  • Starts high then lowers the offer after home inspection;
  • Only a maximum of 15 investors to make offers;?
  • Vague fees and costs until final offer; and
  • Sellers make more money selling the traditional way.

?But, it’s not all bad for every home seller. Zillow Offers benefits these types of sellers:

  • Those in a hurry to sell; and
  • Wanting flexibility with choosing the closing and moving dates.

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Want to Sell Your Home for Maximum Price?

 

Contact Us for an honest assessment of your home’s market value. Our experienced Realtors will help you with listing and negotiating with buyers to get you the best price. We’ll then help you find and buy your ideal next home too!

Steven Rich, MBA – Guest Blogger??????????????

?

Search Local Real Estate Below Or Use Our: Home Search Tool:

HAVE ANY QUESTIONS?

Let us know, we love to help:

Call: (800) 550-3209

or Click: www.www.baoxian29.com/contact

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How To Get A Mortgage When Selling A Home http://www.baoxian29.com/how-to-get-mortgage-when-selling-home/ Fri, 24 May 2019 19:07:52 +0000 http://www.baoxian29.com/?p=11186   When you list your home for sale and want to purchase a replacement home an important question arises. How to get a mortgage when selling a home? Remember the mortgage application process you went through the last time you bought a home? Your application required lots of paperwork and many deadlines to deal with. […]

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When you list your home for sale and want to purchase a replacement home an important question arises. How to get a mortgage when selling a home?

Remember the mortgage application process you went through the last time you bought a home?

Your application required lots of paperwork and many deadlines to deal with. Selling your home to buy another home relives all the stress you went through back then.

 

How to Get a Mortgage when Selling a Home

 

This guide should help you with buying when selling your home.

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Consider the Timing

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Ideally, you would like to sell your home first and use the sales proceeds to buy your next home.

Unfortunately, this simple process rarely occurs.?So, you must research the local real estate market where you sell and intend to buy. They should differ.

As for your sale, learn how long a similar house takes to sell in your local market area. Ask a Realtor how long a comparable property sits on the market before selling.??

Too many sellers list their home at a high price and end up dropping the price many times before getting an offer. If you want a quick sale you need to list at a competitive sales price. Your Realtor helps you with these decisions depending on your timeline for moving.

Before buying, research the neighborhood you like to move to. This gets you ready to find a home once you sell your current home.

Also, talk to mortgage lenders about a loan for your new home. Make sure the lender knows you must sell your current home first.?

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Contingency Offers

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When both selling and purchasing a home you must get the money from the sale of your home to finance your new home purchase.

You’ll need to add a “Sale and Purchase Contingency” in your new home purchase contract. This makes your purchase dependent upon selling your current home. Otherwise, without those funds, you can’t buy your new home. Talk with your Realtor about making a “Contingency Offer”.

Know that contingency offers do not appeal to sellers. Why wait for you to sell your home when another buyer may offer a straight up purchase with no strings attached other than getting a mortgage?

Contingency offers typically allow the seller to accept another buyer’s offer. But, a specific time allows you to remove your contingency like one or two days. If you can’t come up with the funds for the purchase the seller gets out of your purchase contract to sell to another buyer.

Then you must start all over, looking for your new home. A hot market makes contingency offers difficult. Sellers often get many offers during a hot market.

Also, houses “under contract” pending a contingency discourages other purchasers from making an offer to buy.

Sellers don’t like that, especially in a hot market.

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You’re Mortgage Application

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Once you accept a buyer’s offer to purchase your current home it’s time to look for a new mortgage. Obtain quotes from several lenders.

Qualifying for a new mortgage requires certain steps by your lender. This includes adding your present mortgage payments to your monthly debts determining your Debt to Income ratio (DTI). Your DTI balances your monthly payments with your gross monthly income. Many lenders require your DTI at 43 percent or less.

Also, you need to decide how large of a down payment you want to make on your new home. That determines how much financing you need to make the purchase. It also determines the mortgage you qualify for.

Read our recent post about this. Here

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Have questions?

Big Block Realty Contact

 

Available Options when Your Present Home Not Sold

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Ideally, you want to sell your present home first and then use the sales proceeds to buy your next home. This process works smoothly. But, sometimes when you find the ideal new home and don’t want to lose it, you must look at other loan options.

Check out these loan options to help you get the perfect new home while you wait to sell your present home:

Bridge Loans: More fees than getting an equity loan. But, allows you to avoid making a contingent offer. Only a temporary loan to bridge the gap between your new mortgage and the purchase price. Consider a bridge loan as the down payment for your new home.

Piggy-Back Loans: Offers first and second mortgages simultaneously up to 80% of the home’s purchase price. This loan offers down payments of less than 20% while avoiding Private Mortgage Insurance (PMI) costs. Here’s how it works. The first mortgage handles 80% of the purchase price. The second loan takes care of 10% of the price. That leaves you with making a 10% down payment.

Low Down Payment Loan: Maintaining a strong credit score allows you to put your current home on the market and applying for a low down payment loan to apply to your new home purchase. Your DTI (see above) determines whether you qualify for this loan. Several federal government programs offer low down payments to qualified buyers like:

Fannie Mae and Freddie Mac offering 3% down;

VA loans for service members offer 0% down; and

USDA loan for a property in rural areas also offers 0% down.

Home Equity Loans: Having equity in your current home allows you to apply for a home equity loan. Use the proceeds for a down payment on our new home while you wait for your pending current home sale to close. Also, a large enough equity allows you to buy a home without a sale contingency. In addition, you may apply for a home equity line of credit (HELOC). Both options allow you to borrow against your home equity.

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Last Option – Lease Back

 

If none of the options above work for you consider making an offer of a Lease Back arrangement.

This allows you to get extra time to find your new home after you sold your current home. Your buyer decides to lease your present home back to you for typically between 60 to 90 days so you can stay put.

Of course, your buyer will ask for some compensation for not occupying your home after your sale closes. Two options exist. Either pay rent to your buyer or lower your sales price.

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Conclusion

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As you read here several options exist for you to get a mortgage when selling a home.

This guide explained these important factors:

  • Timing about how long similar homes remain on the market before selling in your area;
  • Making contingency offers to complete the purchase of your new home only after your current home sells;
  • Looking at loan options when you haven’t sold your home yet; and
  • Considering a Lease Back arrangement with your buyer to give you more time to find your ideal new home.

Consider Us as your Realtor to help you find you’re ideal new home and to list your current home for sale. Our Big Block Realtors can assist you with choosing the best loan options to buy your new home even if you haven’t sold your current home.

Steven Rich, MBA – Guest Blogger

?

Search Local Real Estate Below Or Use Our: Home Search Tool:

HAVE ANY QUESTIONS?

Let us know, we love to help:

Call: (800) 550-3209

or Click: www.www.baoxian29.com/contact

Big Block Realty – CA BRE #01885775

 

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Improve Your Chances For Home Loan Approval http://www.baoxian29.com/improve-your-chances-home-loan-approval/ Thu, 16 May 2019 22:31:36 +0000 http://www.baoxian29.com/?p=11170   Purchasing a home often becomes the biggest financial experience in one’s life. Follow these tips on how to improve your chances for home loan approval.? Getting the financing to buy your home may create challenges. Take the following steps for a smoother loan process and mortgage approval. ? Check Your Credit Score ? Home […]

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Purchasing a home often becomes the biggest financial experience in one’s life. Follow these tips on how to improve your chances for home loan approval.?

Getting the financing to buy your home may create challenges. Take the following steps for a smoother loan process and mortgage approval.

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Check Your Credit Score

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Home loan approval depends on your credit report which includes a credit score. The first thing lenders look at is your credit score (a number indicating the risk of providing you a loan). Low credit scores tell lenders the applicant is too risky to get a loan. Bankruptcy, late payments, too many debts, low income relating to debts, and other facts show the creditworthiness of the loan applicant.

Even if your loan gets approved a low credit score allows lenders to charge higher interest rates to protect the risk.

Checking your credit score early on gives you time to find incorrect information. Get all errors corrected right away to raise your credit score. Disputing errors in your credit report takes time because documents need to correct mistakes to change the errors.

Catching credit report errors later after your purchase goes into the closing (escrow) process may not give you time to raise your credit score for a lower mortgage rate.

Also, do not open any more lines of credit until after your home purchase closes and your new mortgage begins. New lines of credit cause lenders to scrutinize them which may lower your credit score.

Want to learn how to get your Free credit report and how to understand your credit scores? Read our recent blog post. Here?

??????????

Get Pre-Approval Early ? ? ? ? ? ? ? ? ? ? ?

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Before making an offer on your next home (or first one) get a pre-approval letter from a lender.

Don’t wait until after you make an offer. That’s because pre-approval helps you move faster towards buying the perfect home.

Real estate agents often ask if you possess a lender’s pre-approved letter. Getting this letter shows agents and sellers you’re serious and ready to buy immediately.

In 2017, the Zillow Group published a Consumer Housing Trends Report showing most buyers using an agent obtained a lender’s pre-approval letter. The letter was either a prerequisite or highly recommended by the agent. ???

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Getting a Full Underwritten Pre-Approval

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A problem with the pre-approval letter it only shows a willingness by the lender to provide a mortgage loan if you meet certain conditions like steady historical income. It only gives reassurances of the buyer’s ability to qualify for a loan rather than a guarantee.

Take the extra step from a lender’s pre-approval letter. Ask the lender for a full underwritten pre-approval letter.

The reason for this demonstrated by the Zillow Report that 92% of home buyer’s got pre-approved mortgages.

If every buyer now days presents a pre-approved letter from a lender when making an offer you must stick out from the crowd. That’s why a fully underwritten pre-approval helps you more than a mere letter. It guarantees you a mortgage at a maximum price.

The process for getting an underwritten pre-approval involves the lender verifying more mortgage application information. This includes your assets, income, and debts. The lender sends the information to their underwriting department for approval.

This also speeds up the process for getting full loan approval after the seller accepts your offer to purchase a home. As long as you’re financial condition remains the same as when you got underwriting approval.

All that underwriting needs to do is to verify the home meets other closing conditions for loan approval.

Getting all this work done up front allows a faster closing. That’s good for you and your seller.

Don’t get put off by the extra work to get underwriting pre-approval. The same work occurs anyway after acceptance of your offer. You speed up the entire mortgage application process before making an offer on your next home.

When real estate agents and sellers see you became underwriting pre-approved your offer stands out above the rest with a mere pre-approved letter.

Have questions?

Big Block Realty Contact

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Show Financial Stability

??????????????????????????????

Lenders most of all want you to repay your loan and never default. Showing financial stability goes a long way for qualifying.

Limit your spending so no red flags pop up when lenders review your financial history. Don’t make any recent big purchases. Never miss a payment on your car loans, credit cards, student loans, and other revolving debts.

Lenders want to see employment consistency. Never change jobs during your mortgage application review process. You need to show consistency with your ability to pay your debts and repay your loan.

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Putting More Money Down

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Many buyers assume coming up with the minimum down payment satisfies all loan requirements. But, depending on what you can afford making a larger down payment (like 20% or more) increases your chance for loan approval.

A larger down payment also shows lenders how serious you are about buying. Also, it shows you’re trustworthy. In addition, a large down payment reduces the loan-to-value-ratio which enhances your opportunity for getting loan approval.

Sellers also like larger down payments making your offer more attractive. A seller confident that you will secure necessary financing increases your odds over competing buyers.

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Move Fast After the Seller Accepts Your Offer

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Speeding up the loan process (like getting an underwriter pre-approval) and getting the appraisal and home inspection competed sooner makes the closing faster.

Ask your lender to order an appraisal as soon as the seller accepts your offer. A faster appraisal gives the seller more time to fix problems found during the inspection. It also gives you more time to negotiate the sales price if the appraisal shows it too high.

For example, an appraisal for less than the sales price gives you and the seller time to renegotiate the sales price. An insufficient time before the closing often results in a failed purchase.

The same goes for your home inspection. As soon as the seller accepts your offer schedule a quick home inspection. If the inspector finds problems enough time exists for the seller to fix them before the closing. Some problems may require a specialist to inspect and find a solution with enough time before the closing.

Learn all about home inspections by reading our past post. Here??

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Conclusion

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Now that you learned how to improve your chances for home loan approval follow these steps:

  • Check your credit score;
  • Get Pre-Approval early;
  • Get a full Underwritten Pre-Approval;
  • Show financial stability;
  • Put more money down; and
  • Move fast after the seller accepts your offer.

?If you want to learn more about the types of home mortgages available from the government offering lower down payments and interest rates read our recent post. Here

Contact Us for help with finding your new home. Our Greater San Diego?Realtors are available to answer your questions about mortgages, negotiating with sellers, home inspections, appraisals, and finding the perfect home for you and your family.

Steven Rich, MBA – Guest Blogger ?

?

Search Local Real Estate Below Or Use Our: Home Search Tool:

HAVE ANY QUESTIONS?

Let us know, we love to help:

Call: (800) 550-3209

or Click: www.www.baoxian29.com/contact

Big Block Realty – CA BRE #01885775

 

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Financing Tips for First Time Home Buyers http://www.baoxian29.com/financing-tips-for-first-time-home-buyers/ Tue, 07 May 2019 23:09:37 +0000 http://www.baoxian29.com/?p=11146   Many current homeowners wish they got financing tips for first time home buyers. According to Zillow, 4 in 10 buyers purchase a home for the first time. Source New buyers find financing complex and challenging. Typical mortgage terms become confusing and frightening. Yet, a mortgage is undoubtedly very important for new homeowners. The Zillow […]

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Financing Tips for First Time Home Buyers

 

Many current homeowners wish they got financing tips for first time home buyers.

According to Zillow, 4 in 10 buyers purchase a home for the first time. Source

New buyers find financing complex and challenging. Typical mortgage terms become confusing and frightening. Yet, a mortgage is undoubtedly very important for new homeowners.

The Zillow Group Consumer Housing Trends Report claims that 76 percent of homebuyers get a mortgage to finance their home.

Here’s some tips for first time home buyers about financing.

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The Myth of the 20 Percent Down Payment

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No one gets 100% mortgage to purchase a home. Lenders don’t work that way. They require a down payment from would be home buyers.

Too many rumors claim that mortgage lenders require at least a 20% down payment. Wrong! While putting up an initial 20% as a down payment limit the risk lenders take with home buyers, it is not a requirement.

However, buyers making down payments less than 20% often pay a premium for the lender’s extra risk known as a Private Mortgage Insurance (PMI). Still, many buyers find they get a financial advantage than continuing to pay monthly rental payments.

Zillow’s report showed that only 37% of first time home buyers paid 20% or more as their down payment. Many only paid between 3% and 9%.

This proves that ways exist to get around the 20% down payment and still end up purchasing their first home.

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Loans Come In Many Types

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Just like homes coming at different styles and prices so does financing them.

Many loan options exist for first time home buyers. Therefore, you need to do some research and asking questions to lenders to find the right fit.

Most home buyers assume their best option is the well-known 30-year fixed loan. Popular because it offers stability knowing the set interest rate no matter how the housing market performs (up or down). But, unless you plan to live in your new home for 30 years, other options exist.

For instance, the Adjustable Rate Mortgage (ARM) potentially makes a better choice. This loan allows you to begin with a lower interest rate than a fixed rate mortgage. But, no guarantees exist that the rate remains low. That’s why it’s called “adjustable”.

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Government Home Loans

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If you get a poor credit score or you need a low down payment a government-backed loan offers you a good option.

Learn more about credit scores by reading our recent blog post about how to successfully buy a home. Here

The Federal Housing Administration (FHA) loan, or the U.S. Department of Agriculture (USDA) loans, or Veterans Affairs (VA) loans provide unique financing options for home buyers with low credit scores or can only pay low down payments. Those looking to live in rural areas also find these options appealing.

Explore the various federal home loan programs to see if any fit your situation. Zillow also publishes an explanation of the different loan options for unique situations Here. It explains loans for:

  • Buyers planning to stay for the entire loan period (15, 20, or 30-year loans);
  • When buyers know they’ll move in a few years;
  • Mortgages for teachers and first responders;
  • Jumbo loans for expensive homes;
  • Buyers who can’t pay typical down payments;
  • Rural home loans;
  • 3% down payment offers through Fannie Mae and Freddie Mac loan programs;
  • FHA loans for buyers with low credit scores;
  • Buyers with high student loan debts; and
  • Fixer Upper mortgage loans through FHA and Fannie Mae programs.

 

Have Questions?

Big Block Realty Contact?

 

Shop Around to Find Lenders Who Save You Money

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Too many first time home buyers simply apply for a loan with the first recommendation. They assume that one lender equals all the other lenders. That’s not true.

The Zillow report stated that 52% of first time home buyers only considered one lender for their mortgage. However, shopping around can save you money.

The Consumer Financial Protection Bureau (CFPB) a government lender watchdog agency recommends seeking out at least three lenders before applying for a home mortgage. Evaluating three lenders to compare rates and terms gives you the best options fitting your situation.

You may save thousands of dollars following CFPB’s advice.

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Get Mortgage Pre-Approval Early

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Lenders provide qualified home buyers with a “pre-approved” loan letter informing sellers that this buyer qualifies for a maximum loan amount. Sellers feel confident selling to a buyer with a pre-approved letter.

To get the letter, your lender looks at the loan requirements and your situation. For instance, if the lender feels you qualify for a $200,000 mortgage the letter pre-approves you for that amount.

Don’t get confused with a “pre-qualified” loan letter which only qualifies you based on criteria which may change later.

Getting “pre-approved” rather than “pre-qualified” means you are a serious buyer.

Receiving your pre-approval letter early allows a lender to review your credit report and credit score. If any errors or omissions exist penalizing you give you time to correct the errors early on rather than nearing escrow closing jeopardizing your purchase.

This letter also gives real estate agents confidence you won’t waste their time looking at homes you can’t afford.

Also, know that you are not obligated to actually use the lender who provides you’re with a “pre-approved” letter. You can apply for a mortgage with another lender if you choose.

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Conclusion

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These financing tips for first time home buyers shows you ways to:

  • Pay a lower down payment;
  • Find a loan best fitting your situation;
  • Shop around to find a lender who saves you money; and
  • Get a pre-approved loan letter early.

Use these tips to save you time and money and increase your chances to get a mortgage approved. ???

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Before Looking For a New Home

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Consider Big Block Realty as your Realtor to help you find your ideal new home.

We even published a post explaining what type of home is right for you. Here

Contact Us now so one of our Realtors can help you with answering questions about:

  • Financing;
  • Home seeking;
  • Making an offer;
  • Understanding a purchase agreement;
  • The escrow process; and
  • Other questions about buying your home.

Steven Rich, MBA – Guest Blogger

 

Search Local Real Estate Below Or Use Our: Home Search Tool:

HAVE ANY QUESTIONS?

Let us know, we love to help:

Call: (800) 550-3209

or Click: www.www.baoxian29.com/contact

Big Block Realty – CA BRE #01885775

 

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How To Successfully Buy A Home http://www.baoxian29.com/how-to-successfully-buy-a-home/ Mon, 29 Apr 2019 21:05:25 +0000 http://www.baoxian29.com/?p=11128   Avoid the stress from the complications of home buying. How to successfully buy a home involves the following steps: ? Examine your Credit Report and Credit Score ? Examine your credit report before you contact a mortgage lender. The law allows you one free credit report per year. Go to Annualcreditreport.com which gives you […]

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Avoid the stress from the complications of home buying. How to successfully buy a home involves the following steps:

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Examine your Credit Report and Credit Score

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Examine your credit report before you contact a mortgage lender. The law allows you one free credit report per year. Go to Annualcreditreport.com which gives you information from these three credit report agencies: Experian, TransUnion, and Equifax.

Once you get this report review it to make sure everything is accurate. Challenge any missing information or errors with each agency. The Federal Trade Commission (FTC) publishes an excellent guide on “How to Dispute Errors on Credit Reports”.

Your credit report provides the data to FICO (Fair Isaac & Co.) which gives a credit score. The credit score ranges from 350 to 850. The highest credit score ensures a lower interest rate for your mortgage. Lower rates indicate you as risky deserving a higher interest rate.

Your credit scores depend upon:??????????

  • ? Amounts owed – The total of your debt;
  • ? Payment history – Whether you timely paid your debts;
  • ? Credit history length – The length of time you borrowed money as lenders prefer a credit history over a long period of time;
  • ?Credit types – Lenders like a range of debt types like car loans, bank cards, and student loans; and
  • New credit – Did you recently apply for new credit?
What’s a Decent Credit Score?

 

Above 720 – Gets you a lower mortgage interest rate.

Above 580 – Qualifies you for an FHA loan with favorable interest rates.

Read this blog post about how to raise your bad credit score if you need to.

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Figuring Out How Much You Can Pay

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Determining how much you’re able to pay. Qualifying for a large mortgage loan shouldn’t mean you want to make those higher monthly payments.

Use this free online mortgage affordability calculator which helps you to see what you can afford.

Now find a local Realtor who can research your local housing market based on your affordability.

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Finding a Good Realtor

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Do you know the difference between a Realtor and a real estate agent?

A real estate agent licensed in your state to help you buy, sell, or lease real properties for a fee or a commission.

A Realtor is a real estate agent who joined the National Association of REALTORS? (NAR). This association produces a Code of Ethics requiring ethical standards of professionalism and practice for its members.

In addition, NAR provides valuable training and resources for its over 1 million members across America.

Read our Blog post about the difference between Realtors and real estate agents.

Contact local Realtors and meet with them to see if they fit with your desire for a confidante, advocate, and hand-holder in your home buying process.

?Got Questions?

Big Block Realty Contact

Lender Pre-Approved Letter

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Don’t wait to make an offer on a home before contacting a bank or another financial institution mortgage lender. Getting pre-approved for a mortgage written by a lender makes you confident. It also gives you bargaining power when negotiating with home sellers.

To get a lender pre-approved letter allows the lender to obtain all your credit data (Step 1 above) and assessing your financial status. A pre-approved letter gives the amount the lender will loan you.

Often, multiple offers from different buyers occur where your pre-approved lender’s letter makes you stand out amongst your competitors. This letter gives your seller confidence that your mortgage loan approval for the sales price means you can buy the home.

Getting a lender pre-approved letter does not mean you must apply for a mortgage with that lender. In fact, it’s a good idea to compare different lenders fees and interest rates before officially applying for a mortgage.

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Look at Homes

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After following all the above steps, the serious home shopping begins!

Talk with your Realtor regarding what you really need and want in your home. Your Realtor will take this information and research the local home market to create top candidates for you to see.

Touring homes also helps you to see the pros and cons of the many features available homes offer. Refining your wants and needs makes finding the right home easier.

Read our Blog post about the types of things to consider when looking for a new home.

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Making an Offer

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Finally, you find the perfect home for you and your family.

Sit down with your Realtor to create an offer. That’s right, you don’t just make an offer on price. Other factors related to home purchasing exist. For instance, requiring a professional inspection to look for hidden defects, or asking for cosmetic updates, or including furniture and appliances.

Your Realtor understands the home market and helps you with crafting an appealing offer whether at or above the listed sales price.

After submission of the offer, you wait. The seller may accept your offer, or reject it, or make a counteroffer with new conditions or a different sales price. Again, you go over the entire counteroffer or if rejected come up with a new offer.

Many Realtors describe this process as a dance. You make the first step and the seller swings you around with a rejection or a counteroffer. You then make your next move. The dance may end up with an outright rejection or a “Yes” where you celebrate!

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The Home Inspection

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Go with your professional inspector as he or she looks over the entire home to see if any unseen defects need repairs. These may require further negotiations with the seller about who makes the repairs and when (before or after the Closing).

More important than finding hidden defects, the inspection gives you the only opportunity to spend time in your new home before you own it. Take measurements of the kitchen to figure out what size appliances you need. Look at the closets to see if they are big enough for your needs. Which rooms serve what purpose?? Does the front and back yards need fencing or landscaping?

Read our Blog post to learn more about the home inspection process.

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Getting Insurance

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If you’re a home owner contact your insurance agent to let the company know you may be purchasing a new home. The company issues a new policy.

If you don’t have an insurance agent find one to provide homeowners insurance as required by your mortgage lender. Even if you don’t need a mortgage, home insurance protects your investment.

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Contact Utility Companies

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Before your closing date contact all the utility companies of your move-in date to set up services. You don’t want to move into a dark, cold home. ?

The same goes for internet and cable TV services and any other services needed for your new home.

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Closing Day

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Your big day arrives. Read all the escrow closing documents and ask the escrow officer about anything you don’t understand. Then sign all the documents.

You’re near the finish line!

Read our Blog post explaining San Diego Closing Costs.

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Moving In

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You did it! The title deed recorded with the local government gives you title as the new homeowner. Your Realtor obtains the keys to your new home and gives them to you.

The purchase contract normally specifies how many days after the closing you can move in. Possession may occur right away or the contract gives the seller time to move everything out after the closing.

Once you take possession of your new home it’s time to celebrate! Don’t forget to invite your Realtor to your celebration.

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Conclusion

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How to successfully buy a home involving the steps provided here makes the entire process easier. Here’s how:

  • Looking at your Credit Report and Score includes challenging any errors;
  • ?Figuring out how much you can afford:
  • ?Finding a good Realtor;
  • ?Getting a Lender Pre-Approved Letter;
  • ? Looking at homes;
  • ?Making an offer;
  • ?Home inspection;
  • ?Getting insurance;
  • ?Contacting utility companies;
  • ?Closing day signing escrow documents; and
  • ? Moving In.

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Finding a Good Realtor Is Easy

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Consider Big Block Realty as your Realtor. We offer you 3 Easy Steps:

  • Easy Online Home Search;
  • You Pick the Favorites; and
  • ?We Let You In.

Also, we provide you with Spotlights on all the important neighborhoods and communities in the greater San Diego area to learn valuable information about each one. Visit our Blog to choose which community appeals to you and your family.

Steven Rich, MBA – Guest Blogger

 

Search Local Real Estate Below Or Use Our: Home Search Tool:

HAVE ANY QUESTIONS?

Let us know, we love to help:

Call: (800) 550-3209

or Click: www.www.baoxian29.com/contact

Big Block RealtyCA BRE #01885775

 

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Valle Verde Country Club Estates Real Estate Spotlight http://www.baoxian29.com/valle-verde-country-club-estates-real-estate-spotlight/ Fri, 05 Apr 2019 21:34:48 +0000 http://www.baoxian29.com/?p=10971   This Valle Verde Country Club Estates real estate spotlight focuses on a neighborhood in Poway, California. Specifically, an exclusive neighborhood located in North Poway. You can read our blog post about the City of Poway Here. ? Valle Verde Country Club Estates Real Estate Market ? According to the neighborhoods.com site, Valle Verde Country […]

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Valle Verde Country Club Estates Real Estate Spotlight

 

This Valle Verde Country Club Estates real estate spotlight focuses on a neighborhood in Poway, California.

Specifically, an exclusive neighborhood located in North Poway. You can read our blog post about the City of Poway Here.

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Valle Verde Country Club Estates Real Estate Market

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According to the neighborhoods.com site, Valle Verde Country Club Estates offers Mediterranean style single family homes and ranch-style homes:

  • Most built between 1960 and 2017.
  • Your options include 2 to 6 bedrooms and 2 to 4 bathrooms.
  • The size of these homes ranges from 1,661 to 6,247 square feet.
  • The homes sit on 0.75-acre lots.
  • Most homes provide a garage or a driveway.
  • Their prices range from $850,000 to $975,000 in 2019.

 

Over the past year, 25 homes sales occurred:

  • The home sales prices ranged from a low of $605,000 to a high of $1,165,000.
  • Thus, the average sales price was $875,000.
  • Most of these homes sold at 97% of their listed value after staying on the market for 55 days.
  • Their price per square foot averaged $349.

 

A perfect neighborhood for purchasing single-family homes offering many styles and time periods.?

 

Have questions about Valle Verde Country Club Estates?

Big Block Realty Contact

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The History about its Country Club Estate Name

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According to a news story published in the San Diego Union-Tribune in February of 2018, Poway’s first golf course was StoneRidge Country Club. But, the once popular private golf course eventually went into bankruptcy.

Its owner obtained voter approval to develop the property into condominiums. He fenced and locked the golf course, fired its employees and kicked out its members.

Back in 1960, the Times Advocate newspaper punished a story about plans to develop a 350-acre subdivision with 300 luxury homes on a private golf course near Espola Road. The original name of the project was “Valle Verde Country Club Estates”. The developer, John (Jack) Sparkman became wealthy by manufacturing the Hawaiian Punch drink. He also promoted California avocados and developed High Valley.

 

High Expectations, But Low Demand

 

In 1961, a groundbreaking ceremony took place on the $3.5 million golf course, clubhouse, and luxury homes. The first nine holes and adjoining streets soon completed. Yet, the demand for luxury homes dwindled.

By 1964, a story in the News Chieftain revealed plans for a new housing development with the original developers of Rancho Bernardo. They expected up to 100 homes during the first year. But, that never developed due to lack of interest from home buyers. The nine-course golf course remained. But, without a clubhouse. The locals joked about the need to go over the 9 hole course two times for an 18 hole match.

In 1968, the owners tried to finance a new housing venture. But, that too failed resulting in its first bankruptcy. But, by the end of the year, Don Fischer from Minnesota saved the day. He paid off the debts and renamed the project the StoneRidge Country Club and built new model homes.

Finally, the market became ready for the project. The back nine holes and a clubhouse became a reality along with some homes sold. For several decades the country club estates thrived. Until bankruptcy reared its ugly head again after Poway voters rejected a condominium plan in 2017.

 

Valle Verde Country Club Estates Lake Poway

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Valle Verde Country Club Estates Attractions

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Many attractions exist in and near Poway which Valle Verde Country Estates residents enjoy such as:

Lake Poway which provides all the water sources for Poway also great outdoor recreation since 1972. Enjoy picnics, hiking up a mountain, boating, and fishing on a lake, or try archery.

Goodan Ranch provides over 10 miles of recreational trails for mountain biking, horseback riding, and hiking.

Blue Sky Ecological Reserve sits on a 700-acre canyon filled with oak trees, chaparral and sage scrub hills. Lots of local fauna and flora. Provides trails for hiking during the day along its creek.

Poway Community Park features a children’s playground, a skate park, senior center, ball fields, and a dog park.

Kumeyaay-Ipai Interpretive Center situated on a five-acre site featuring the history of the local Kumeyaay-Ipai Indians.

Old Poway Park showcases life like it was in early century California includes the Nelson House, Heritage Museum and a 1907 No. 3 Baldwin Steam Locomotive;

Poway Center for the Performing Arts which entertains, educates, and enriches through live performances;

Poway Recreation Area situated in the hills of Poway providing outdoor recreational activities like boating, fishing, hiking, picnicking; and

Poway Community Library providing books, music, and movies.

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Valle Verde Country Club Estates Restaurants

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The Zomato site reviews the best restaurants near the Valle Verde Country Club Estates including:

Tikka Lounge for casual dining specializing in Indian cuisine;??

Original Pancake House for breakfast;

Lapperts Ice Cream and Coffee Lounge for coffee and ice cream;

Poway Sushi Lounge for sushi and Japanese foods;

Brigantine Seafood Restaurant for seafood dishes and other American foods;

Filippi’s Pizza Grotto for pizza and other Italian food;

Kaminski’s Food Truck for BBQ and burgers;

Rene’s Mexican Grill and Cantina for Mexican food;

Mexicocina Restaurant and Tequileria for Mexican cuisine and tequilas;

Takhrai Thai for Thailand cuisine; and

Hamburger Factory Family Restaurant for breakfast and burgers.

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Valle Verde Country Club Estates Airports

 

The closest airport to the Valle Verde Country Club Estates is the McClellan-Palomar Airport for domestic flights.

The San Diego International Airport provides domestic and international flights.

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Valle Verde Country Club Estates Shopping

 

As part of the Poway community, Valle Verde Country Club Estates sits near many big national stores such as:

Walmart;

Target; and

Khol’s.

Click Here to view a list of all the retail stores in Poway. ?

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Valle Verde Country Club Estates Chaparral Elementary School

 

Valle Verde Country Club Estates Schools

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The Valle Verde Country Club Estates schools come under the jurisdiction of the Poway Unified School District.

The nearest schools include:

Chaparral Elementary School educating grades K-5 (enrollment of 800 students) and rated 9 (out of 10) by neighbors.com;

Painted Rock Elementary School?teaching grades K-5 (enrollment of 680 students) and rated 9 (out of 10) by neighbors.com;

Twin Peaks Middle School ?handling grades 6 – 8 with 1,160 students; and

Poway High School offering grades 9 -12 with over 2,200 students and rated 9 by neighbors.com.

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Conclusion

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As you read, this Valle Verde Country Club Estates real estate spotlight reveals a North Poway neighborhood with large single-family homes.

Over the past year, the average sales price was $875,000.

Highly rated elementary schools and nearby high school.

Plenty of outdoor recreational activities, great variety of good restaurants, and retail shopping.

Contact Us to learn more about available homes in the Valle Verde Country Club Estates.

Steven Rich, MBA – Guest Blogger

 

Search Local Real Estate Below Or Use Our: Home Search Tool:

HAVE ANY QUESTIONS?

Let us know, we love to help:

Call: (800) 550-3209

or Click: www.www.baoxian29.com/contact

Big Block RealtyCA BRE #01885775

 

 

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