Stunning Designer San Diego Townhome in Perfect Condition

With all the foreclosures and short sales on the market, it is wonderful to find a home that is in perfect move-in condition. This is the ideal home a young couple, first-time home buyer or local artists.

Located in Tecolote Canyon surrounded by trees and wildlife. This site is actually an environmentally protected area, it’s very peaceful, quiet and it truly feels like you are out of town, but in reality you are only a few minutes drive from downtown, the beach and all major shopping areas.

The unit itself has been professionally designed, and completely renovated with an open floor living concept. The Kitchen is equipped with only high-end stainless steel appliances, granite counters, glass tile backsplash, and a rock feature wall that is lit from above. All the floors are re-enforced below a natural travertine and exotic hardwood finish. The main floor also includes a two piece bath with a one piece toilet, stainless steel vessel sink and glass tile feature wall behind the framed mirror. The large balcony is off the Dining Room serves as additional outdoor living area.

The second floor Master bedroom has new carpeting, a walk in closet and an Ensuite bath. The spa like Ensuite features natural light via a french door leading to a small balcony over looking the natural hillside of the canyon. The all new fixtures include a floating vanity with frosted glass vessel sink and a one piece toilet. The shower is custom built featuring travertine and pebble finishes, a rain shower head, and a frameless glass door.

The second bedroom also has new carpeting, a large closet with modern sliding glass doors and a custom built desk/shelving unit. Enjoy the southern exposure from the third balcony that opens from this bedroom.

The main bath on the second floor is a zen-like retreat with travertine floors, a one piece toilet and a custom open vanity with a frosted glass vessel sink. The tub is surrounded by travertine and pebble accents and a rain shower head, with a bent hotel style shower rod. All faucets in the house feature an elegant, modern single handle design.

The full size double garage is below the main floor. Click here for a VIRTUAL TOUR.

For more information or to schedule  a showing,
call our 24-Hour Home Hotline at 877-610-1717
…or

Read more

Fannie Mae Pays You To Buy A Foreclosure

Fannie Mae is working hard to entice you to buy a foreclosure…and it’s a nice enticement for everyone.

The government-sponsored enterprise will also give qualified home buyers 3.5% of the final sales price that can be used toward the closing cost, including home warranty. Eligible offers must be submitted on or after Sept. 23 and they must close by Dec. 31, 2010. Fannie said the sale must close within 60 days of the accepted offer.

Terry Edwards, executive vice president of credit portfolio management at Fannie, said more than 87,000 families have purchased a HomePath property in the first half of 2010. HomePath is the in-house manager of the Fannie Mae foreclosures. It hires vendors and agents to rehabilitate the home and ready it for the market again.

“We continue to look for ways to stabilize neighborhoods and offer incentives to qualified buyers who will occupy these properties over the long-term and help support their communities,” Edwards said.

Fannie Mae, Freddie Mac and many lenders have instituted a First Look program to give owner-occupants a head start ahead of investors to buy these previously foreclosed homes. In California, home buyers have a 14-day jump over investors. It is 30 days in Nevada. In one year of the First Look program, Fannie has sold more than 29,000 REOs to owner-occupants.

Real estate agents and brokers will also receive a $1,500 closing bonus for selling one the these foreclosed homes to an owner occupant.

To find a foreclosure home that qualifies for the Fannie Mae incentive,

contact a HomeFetchers agent today at http://HomeFetchers.com

…or call the 24-Hour Home Hotline: 877-610-1717

source: housingwire.com

Read more

Carmel Valley, San Diego Weekly Housing Report

As school is back in session this week, it is natural that we found a bit less activity in home sales.  This week’s focus on Carmel Valley is due to the popularity of this neighborhood, as well as it’s desirability in terms of community, location, schools, and safety. With Labor Day behind us, we home to see a slight uptick in sales again as we approach October.

Be sure to check current MLS homes for sale in Carmel Valley…or anywhere in San Diego on our HOME SEARCH page.

Below is a listing of the 7 homes that went into escrow this week and the 4 homes that sold in Carmel Valley this week.  There were also 11 homes that went off the market, 3 of them being bank owned REO properties. Some of the more active neighborhoods for sales currently are Torrey Del Mar, Rancho Pacifica, Lexington, Pacific Highlands Ranch and Palacio Del Mar.

  • Carmel Valley Homes That Went into Escrow This Week in San Diego:
Address Community MLS Number Bed Bath Sq Ft List Price
3835 Elijah Ct # 538 Carmel Valley 100048359 2 2 1193 $350,000
11370 W. San Raphael Drw San Raphael 100047296 3 3 2372 $689,000
5436 Caminito Exquisito Palacio Del Mar 100042643 4 3 1941 $709,900
7656 Mona Ln Torrey Del Mar 100051420 6 5 3845 $829,000
5311 Harvest Run Dr Lexington 100041906 6 6 4670 $1,198,000
7487 Collins Ranch Ter Collins Ranch 100019453 6 8 6280 $1,879,000
5095 Rancho Quinta Bend Rancho Pacifica 100037833 5 7 7378 $3,895,000
  • Carmel Valley Homes That Sold This Week in San Diego:
Address Community MLS Number Bed Bath Sq Ft Sold Price
12618 Portada Pl Bayshore 100041929 3 3 1568 $665,000
5209 Ruette De Mer Palacio Del Mar 100040815 4 3 2604 $860,000
5449 Sonoma Pl Pacific Highlands Ranch 100045115 5 3 2759 $895,988
4958 Hidden Dune Ct Sonoma 100047518 5 5 4130 $1,170,000

If you are looking to sell your home, click here to see the VALUE OF YOUR HOME in today’s market.


Read more

Housing Prices Continue To Fall…Is The Bottom In Sight?

Everyone wants the glory days to return…when they had hundreds of thousands of dollars of paper equity in their homes. But does anyone think that will ever happen again? Perhaps, only the people who predict the resurgence of the dot.com boom years. So, if you thought the housing crisis was over, it’s not quite finished yet.

Despite four years of falling prices and recent signs that they were finally bottoming out, homes are expected to lose still more value in many metro areas over the next year. Many say at least until 2013.

The simply, undeniable fact is we are in a long term housing bust. Terms like the ‘L Shaped Recovery’ are being tossed around. Some expect that the housing market and housing values will bounce along a very protracted horizontal line for 10+ years. In other words, no significant appreciation or depreciation. There is some validity to this viewpoint.

There is simply no way that the sheer volume of bank controlled ‘shadow inventory’ combined with….. 1) Changing attitudes about owning a home vs being a renter 2) Demographic shifts 3) Stricter lending standards 4) High unemployment 5) Over supply of housing stock…… wont result in more price erosion in most major cities. “When I drive past all the vacant homes, it’s hard to believe we are anywhere near a bottom.”, says Tim Harris of Harris Real Estate University.

That’s the conclusion of economists who have been reducing their estimates for home prices as the outlook for the economic recovery has darkened. The number of homes for sale or headed for foreclosure is so high that they think prices will be even lower by next July.

Because housing is such an important engine of the economy, lower prices could dim the recovery. When home values fall and people have less equity, they tend to cut back on spending. And as prices decline, potential homebuyers stay on the sidelines, slowing sales even more.

The average home price in the Standard & Poor’s Case-Shiller index of 20 big U.S. cities is forecast to drop nearly 2 percent this year from a year earlier, according to the average estimate of more than 100 economists polled this month by MacroMarkets LLC.

That’s more pessimistic than in May, when the consensus was for prices to be nearly flat. Other, more bearish analysts think prices will sink 10 percent or more.

Price drops of more than 10 percent are expected in the Phoenix, Miami and Las Vegas areas over the next year, according to Moody’s Analytics. Those areas have already been scorched by 50 percent declines in home values.

The average home price in the Standard & Poor’s Case-Shiller index of 20 big U.S. cities is forecast to drop nearly 2 percent this year from a year earlier, according to the average estimate of more than 100 economists polled this month by MacroMarkets LLC.

That’s more pessimistic than in May, when the consensus was for prices to be nearly flat. Other, more bearish analysts think prices will sink 10 percent or more.

Price drops of more than 10 percent are expected in the Phoenix, Miami and Las Vegas areas over the next year, according to Moody’s Analytics. Those areas have already been scorched by 50 percent declines in home values.

Moody’s predicts that other areas — New York, Los Angeles, San Diego, San Francisco, Denver, Detroit, Cleveland, Minneapolis, Tampa, Fla.; and Washington D.C. — will see declines of 2 to 8 percent by next July.

Nationally, about 7.1 million homeowners — more than 13 percent of households with a mortgage — have either missed at least one payment or are in foreclosure, according to data provider Lender Processing Services Inc.

That is an amazing number. Here are a few more stats for you. Its estimated that 50% of all homes are owned…no mortgage. Of the 50% with a loan…50% of THOSE are upside down. Or, 25% of all home owners are upside down in their home.

Read more

Search 3 Bedroom Homes

Read more

Search For Condos

Read more

Short Sales | HAFA | HAUP | Loan Modifications | Stop Foreclosure | Bank Owned | FSBO | Expired Listings

Sitemap