Above $1,000,000 or below $250,000 - Take your pick!!

As of April 2012, in San Diego, we are beginning to see a shortage of inventory - in other words less homes for sale than we did at this time last year.  In fact we have half as many properties on the market than in March of 2011.

Depending on the amount of money you want to spend, can afford to spend, qualify to spend, there is still a wide choice for potential buyers. 

Just for fun here is a breakdown of properties priced UNDER $250,000 ($200,000 for townhomes and condos) and properties priced OVER $1,000,000 throughout San Diego County ...

Detached Homes UNDER $250,000                             Townhomes/Condos UNDER $200,000

North County (Including La Jolla)    155     .............................       172

South Bay                                                  87     .............................       150      

Metro Areas (Including Downtown)   99     .............................       109

East County                                              94     ..............................        56

Detached Homes OVER $1,000,000                              Townhomes/Condos OVER $1,000,000  

North County (Including La Jolla)   1015    .............................       103 

South Bay                                                 118    .............................         51 (Includes Coronado)

Metro Areas (Including Downtown)  613    .............................         36

East County                                               29    .............................           0

There's a LOT available obviously priced between $250,000 and $1,000,000, and if you would like more information about your neighborhood, or where you would like to live, let me know, I am here, I can help!       



Jane Loveday
DRE # 01439083
Pacific Sothebys International Realty
619-519-1615 Cell
http://janeloveday.com
http://www.facebook.com/realestatesandiego
http://www.twitter.com/sdrealestate
http://www.linkedin.com/in/janeloveday

BUYER DO's and DONT's !

If you are thinking of buying a new home, be it your first or fifth, take a look through this list and understand what you should and should not do before applying for a loan AND during the escrow process once you have identified a new home!

Homebuyer Do’s and Don’ts:

Recommended DO’S:

Recommended DON’TS:

ü  DO continue to make payments on time for current mortgages, cars, credit cards, etc. ü  DO paper trail, document, and explain any large or unusual deposits or withdrawals into accounts (checking, savings, stock, etc.). ü  DO keep pay stubs, bank statements, tax forms, etc., in case the lender needs to update the documentation prior to closing. ü  DO ask questions if something is unclear about the loan program, fees, and/or loan conditions. ü  DO let the loan officer or mortgage broker know if anything changes.  For example; employment, income, assets, credit history, etc.  ü  DO document that the earnest money deposit has cleared your account — obtain a copy of the cancelled check and/or the statement that reflects the funds have cleared. ü  DO lock-in the interest rate, have homeowner’s insurance agent information available and provide updated documentation (pay stubs, bank statements, etc.) in a timely manner so as not to delay the closing.

ü  DO NOT increase credit card balances and/or loan balances. ü  DO NOT apply for additional or new credit or put balances on a paid credit card. ü  DO NOT ignore late payment and/or collection notices that are received during the mortgage process. ü  DO NOT purchase anything that is “same as cash” — it will show on the credit report as a new debt. ü  DO NOT buy furniture, cars, or appliances on credit until after closing.  ü  DO NOT lend money to family members, friends, etc. if it is needed for closing. ü  DO NOT store money at home, place it in a bank account so it can be documented as savings throughout the loan process and can qualify as assets on hand. ü  DO NOT have overdrafts on a checking account.  ü  DO NOT quit or change jobs during the loan process.

Jane Loveday
DRE # 01439083
Pacific Sothebys International Realty
619-519-1615 Cell
http://janeloveday.com
http://www.facebook.com/realestatesandiego
http://www.twitter.com/sdrealestate
http://www.linkedin.com/in/janeloveday