January 2010

Contingent Status

Monday, January 25th, 2010 at 2:27am. 398 Views, 0 Comments.

In 2009, the Contingent Status was created for listings on the MLS.  And the question I would always get is "what does it mean?"  Well with Short Sales and Bank Owned Foreclosures dominating the market, having the Contingent Status helps show what homes are still available.  For instance, if a Short Sale is in Contingent status, most of the time it means that the seller already accepted an offer which has been sent to their mortgage lender to see if they can Short Sale their home.  From a buyers standpoint,  a buyer can submit an offer as a back up.  Now if you are asking why don't the Sellers Realtor just put the home in the Pending Status?  Well the Sellers Realtor can't until the mortgage lender approves the Short Sale because the sale of the home is…

New Listing in Scripps Ranch

Tuesday, January 19th, 2010 at 2:52am. 204 Views, 0 Comments.

I just listed a condo/townhome in Scripps Ranch I want to tell you about.  The property has 3 bedrooms, 2.5 baths and 1,335 Sqft.  It features beautiful flooring downstairs with granite countertops in the kitchen, as well as a good size patio and attached 2 car garage.  The master bedroom includes french doors which leads into bedroom #2.  All appliances come along with the property and a water softener too.  All this for only $399,000.  If you are looking for a property in Scripps Ranch, this is something you should consider.  If you have any questions, please let me know.

Here are some pictures:

Search all Scripps Ranch Homes For Sale.…

My 2009 Recap

Tuesday, January 12th, 2010 at 3:33am. 206 Views, 0 Comments.

Sorry I haven't been blogging lately but I have been really busy which I guess is a good thing.  But here is a quick blog about what I saw in 2009 San Diego Real Estate.

In the beginning of the year, the inventory of homes for sale were still good and buyers still had the leverage on offering below the asking price.  Also one of the other big topics is that the Banks are holding on to their Foreclosures which they will be releasing a flood of them into the market sometime in the spring.  As we all know, the flood never came.  

During the spring time, the $8,000 First Time Home Buyer Tax Credit was announced and in my opinion, it did get some buyers off the fence about buying a home.  Also in this time, the inventory of homes are starting to get low and…