What made the following Oceanside homes sell for what they did?  Were they priced correctly?  Were they clean and well staged?  Did everyone work for the benefit of both the home buyer and home seller?  Or were these homes abandoned, bank owned, REO homes that required an artist’s eye to see the value?

When you buy or sell Oceanside Real Estate you’re going to need to pay attention to each of the details above.  Don’t be fooled into thinking that your home will sell for so and so just because you’ve provided maintenance and loving care to your home for many years.  And don’t think that if you’re a buyer of Oceanside Real Estate that you can steal a home right out from underneath a seller.  Explore the homes below, compare them to your own home, and then do the right thing.  Call me to talk about how the sale of your Oceanside real estate home can net you everything you want, while at the same time bringing in multiple buyers who will be willing to pay what you need.

Real Estate Market Activity

Recently sold Oceanside homes

1005 Glendora Dr, Oceanside, CA

Sold 05/04/2012 for $365,000

4 beds, 3.0 baths, 2,660 sq ft

239 Del Mesa St, Oceanside, CA

Sold 05/04/2012 for $340,000

3 beds, 0.0 baths, 1,950 sq ft

5124 Maplewood Cir, Oceanside, CA

Sold 05/04/2012 for $290,000

3 beds, 2.5 baths, 1,327 sq ft

3621 Vista Campana S UNIT 110, Oceanside, CA

Sold 05/04/2012 for $166,000

2 beds, 2.0 baths, 1,585 sq ft

615 Vine St APT 27, Oceanside, CA

Sold 05/04/2012 for $92,000

1 beds, 1.0 baths, 525 sq ft

253 Asilado St, Oceanside, CA

Sold 05/04/2012 for $155,000

2 beds, 1.0 baths, 820 sq ft

4410 San Joaquin St, Oceanside, CA

Sold 05/04/2012 for $395,000

5 beds, 3.0 baths, 2,274 sq ft

1735 Avenida Alta Mira, Oceanside, CA

Sold 05/04/2012 for $290,000

4 beds, 2.5 baths, 1,678 sq ft

461 Avenida Canora, Oceanside, CA

Sold 05/04/2012 for $330,000

3 beds, 2.5 baths, 1,760 sq ft

Breakaway Dr, OCEANSIDE , CA

Sold 05/04/2012 for $463,500

0 beds, 0.0 baths, 0 sq ft

See Oceanside real estate and homes for sale
View Oceanside, CA mortgage rates on Zillow

Realtor Don Reedy

Your home's value is in your hands

Most of  us know that the value of our home is pretty important.  If you don’t know exactly what your home is worth, then you need to come see us at the San Diego Business Showcase.

Your home’s value is important

Since much of an average homeowner’s financial portfolio is tied up in the value of their home, knowing exactly how the market is affecting that value is important.  Will you be able to access funds from your home?  Are you upside down?  Can you take advantage of loan programs, equity financing or other tax planning techniques to better use the value of your home?

Free Home Valuation

Come to our booth at the Del Mar Fairgrounds on April 7, 2010, between the hours of  2 p.m. to 7 p.m.  We’ll offer you a complimentary valuation of your home, answer questions you may have, or just talk about the housing market here in San Diego.  We’re experienced real estate professionals who know what you need to know, and how to make it easy for you to get that information.

Sign up for VIP Treatment

Take advantage of signing up early, and receive VIP access to reports and valuations for you home and those homes of interest in your neighborhood.  Head to The VIP Real Estate Opportunity at our website, and get yourself on track for having information available 24 hours a day.

If you want a question answered immediately, just give us a call at 760-802-9713, and we’ll be happy to help.

 Think you have this much time to sell your home?

Are you coming to the San Diego Business Showcase? I’m hoping you’ll say “Yes”, and mostly because if you have been sitting on the fence, wondering whether you should sell your home now, I want to be able to meet with you and give you a number of reasons why now truly is the time to sell.

Home Prices are NOT going up…any time soon

That’s what I truly believe based on my experience and knowledge of the San Diego real estate market.  Any by real estate market I mean your home! I hope that you will take the time to read this article by Jeff Brown, a well respected Realtor in San Diego. This guy absolutely nails it for those of you who love financial analysis. Even if you ultimately find points of disagreement, it’s something you should be thinking about, and how that will affect your home value, your investment portfolio value, and the value of all of your undertakings in the next several years.

San Diego Business Showcase is the place to discuss selling your home

Let’s go back to my initial question.  Do you think you have this much time?  It’s a rhetorical question, of course, since you don’t, but because we have been taught to believe that we have all the time in the world to watch our home values increase, we only have to sit back and wait until the inevitable happens. 

I really want to meet with you, talk, network, explore your ideas, the data, and the reasons why you may want to sell your home now rather than wait until the next big increase in property values. 

And I think that doing this while visiting San Diego’s premier business networking eventwill help you put the issues related to home values in a unique perspective you can’t get just by reading, perusing the Wall Street Journal, or even the internet.  Coming to this event is inexpensive (just $10 to get in…and there’s food as well). 

Give me a call, or email me at DonReedySanDiego@gmail.com  I’ll send you some information, as well as an entry into a drawing for some really cool prizes we’re giving away. 

What Is Your Home Worth?

If you live in North County San Diego in either Oceanside, Carlsbad, Vista, Fallbrook, Bonsall, San Marcos, Escondido or Valley Center, you may be wondering if the dust has settled in the real estate market, and whether your home is valued at a price that would make you want to sell. If so, then it’s time you contacted Real Estate Agent Don Reedy of the Prudential California Realty Hadley Home Team.   Because you can know the approximate value of your home today, from the comfort of your home, just by clicking on the section below.

Just Click Here to start the Process of getting an approximate value for your home today!

Don’t be without the information you need to keep up with your most valuable asset, your home.  Once you get your home value, it would be a good idea to talk with us about how you can sell your home in the least amount of time for the greatest return.  Gathering information about your home is the first step.  After that we’ll put you in touch with one of our lenders, Joyce Nathan of Home Services Lending to you can see how you’ll be able to utilize the funds you’ll receive from the sale of your home to downsize, relocate or retire.

We look forward to meeting with you, answering your questions, helping you be the smart consumer you want to be.

Oceanside CA Home Prices

CLICK ON THIS IMAGE TO MAKE IT EASIER TO READ

April 22, 2010

Here’s the most important part of this report for this week.

“The median list price in OCEANSIDE,
CA this week is $360,000. The 572
properties have been on the market
for an average of 110 days.”

Inventories (number of homes that are listed for sale) are rising.  With more homes coming into the market place, there will be pressure on home prices to fall.  Remember that greater supply will result in lower prices.  So, if you’re thinking of selling your home, now might be the best price you’ll be able to see as a return for quite some time.

If you are considering buying, then over 500 homes are for sale in Oceanside right now.  Contact us to see if one of these houses can be the home you’ve been waiting for.

Senior Home Specialist

 Senior Real Estate Specialist to Exhibit at the San Diego Business Showcase

Don Reedy, a Realtor with Prudential California Realty in North County San Diego, provided information to seniors regarding issues and opportunities available to them at the San Diego Business Showcase on March 11, 2010. 

What is a Senior Real Estate Specialist?

Senior Real Estate Specialists® are REALTORS® qualified to address the needs of home buyers and sellers age 50+.

By earning the SRES® designation, a Senior Real Estate Specialist has demonstrated necessary knowledge and expertise to counsel clients age 50-plus through major financial and lifestyle transitions involved in relocating, refinancing, or selling the family home.  A SRES REALTOR® has received special training, gets regular updates, and is prepared to offer the options and information needed in making life changing decisions.

Free Home Sale Evaluation for Seniors at the San Diego Business Showcase

The networking event of the year was held at the Del Mar Fairgrounds on March 10, 2010. Don and his staff distributed materials that senior home buyers and sellers could use to start evaluating whether those seniors could or should be selling their homes. In the current real estate market in North County San Diego, you need experienced Real Estate professionals who specialize in Senior real estate matters. 

We believe that now may be the best time for many seniors to sell their home, and we want to provide information so you can be ahead of the curve in planning your home needs for the next number of years. 

Thanks for stopping by our booth, and remember that Don Reedy will be back at next year’s San Diego Business Showcase on April 7, 2011. We’ll provide you with valuable information, and we’ll make a friend at the same time.

I am updating this post that I first published in 2009. Since that time various attempts by the government to step in and fix the mortgage situation has resulted in what appears to me to be an abject failure. Borrowers who were deceived continue to be discounted. Borrowers who tried to take advantage of the system find themselves the recipient of one after the other bailout attempt. Folks who need answers continue to get a flood of opinions, none of which will solve the problem, but all of which continue to extend the pain.

Why You Should Fear a Short Sale

If you’ve found yourself in peril of losing your home, and then discovered yourself in a conversation about “short selling” your home, then pay attention to this!

In a nutshell, a short sale is where the owner of a home goes to their bank and says in effect “we are a hardship case, and we can no longer pay our mortgage.” It is usually the case that the amount stilled owed by the owner is actually much more than what the home is worth. In this case, the owner is asking the bank to let them try to sell the house for less money than they owe the bank (thus the term “short” sale….because you are going to fall short of paying your whole mortgage), and in doing so the owner is supposed to walk away without having to undergo the pain and damage of a foreclosure.

Let’s take an example. A couple bought a home in San Diego for $450,000 two years ago. Mortgaged to the hilt, they financed 100% of the sale, and they currently have a first trust deed and of $360,000, and a second trust deed of $90,000. The decline in prices has resulted in the home being worth only $350,000 now, less than 80% of the price they paid. Their rates are rising, and they can no longer pay the mortgage. They are in trouble financially, and without equity in the home, are unable to refinance and move on with their lives.

So they go to the bank and ask for a short sale. The bank says “okay, but keep paying your mortgage.” Then the owner places the home on the market for $350,000, and that home is marketed “pending lender approval.” Any offers that come in on the property need to be submitted to the bank. Remember, the $350,000 IS NOT THE PRICE THE BANK HAS AGREED TO SELL AT!!! Rather, it is the price the Realtor has told the bank the home MIGHT sell at, and the only thing the bank has agreed to is to review any offers and possibly accept them.

This is why you should fear the short sale, both if you are an owner in dire straits, or a buyer who is really looking to purchase. Both parties are at the mercy of the bank, and the bank’s motivation is not to sell at $350,000. Rather it is to keep the owner paying their mortgage, and thus keep the loan alive. If the bank can keep the owner paying, they forestall foreclosure and the loss on the loan for perhaps enough time for the market to gather itself up and make the home worth more. It’s not going to be worth enough to pay the mortgage, but if may be long enough to make the bank’s loss less.

Now, here’s the really bad news. Let’s say you go along with the bank, list your home as a short sale, and then some six to eight months later sell the home. Are you off free and clear? The answer is a double whammy NO. First, during these six to eight months you have been paying the mortgage, digging deeper into your reserves to pay the bank. You’ll never get a return on your money. And next, what about your credit? Isn’t a short sale supposed to be way better financially than going through a foreclosure? Isn’t it?

Well, according to Fair Isaac (the folks who bring you the FICO score), a short sale can cause the immediate loss of 70 to 200 points on your credit score, and this stigma will last on your credit from 2 to 3 years. That essentially means that you are persona non grata in the financial world. What happens if you get foreclosed on? Well, your FICO score will go down 70 to 150 points, and you’ll have the stigma of this bad credit for 3 to 5 years. Neither result, either from a short sale or a foreclosure, will be pretty to look at financially, but the difference between the two really needs to be looked at without emotion. When you do that, it is clear to me that many more people should be walking away from their homes in a foreclosure, and not burying themselves in the short sale process.

Here’s what FICO has to say:

“The common alternatives to foreclosure, such as short sales, and deeds-in-lieu of foreclosure are all “not paid as agreed” accounts, and considered the same by your FICO® score. This is not to say that these may not be better options for you from a financial perspective, just that they will be considered no better or worse for your FICO score. If you are considering bankruptcy as an alternative to foreclosure, that may have a greater impact to your FICO score. While a foreclosure is a single account that you default on, declaring bankruptcy has the opportunity to affect multiple accounts and therefore has potential to have a greater negative impact on your FICO score.”

Fear a short sale. You may want to talk to your financial advisor first about any decision you are going to make that will adversely affect your credit, and certainly if you are in jeopardy of losing your home. But don’t take a cursory look. Look long and hard at all your options. You can’t change the fact that losing your home is going to be painful. You can’t change the fact that losing your home will be stressful and perhaps an embarrassment. You can, however, decide which option really affects you now and in the future, weigh those options, and at least keep the financial damage at a minimum.

Buying or Selling a Home?

Welcome back to the finest business networking event in San Diego.  Once again the San Diego Business Showcase will be the forum for many types of businesses and ideas, and this year Prudential California Realty’s Don Reedy is once again going to share ideas, facts and information about the real estate market in San Diego with all who attend.

Don Reedy is an experienced, award winning Realtor with the North County San Diego office of Prudential California Realty.  His work with both high end and first time homebuyers has brought him lots of associated contacts and sources of information, all of which he shares here at the San Diego Business Showcase, on his blog, and his VIP site for home buyers and sellers.

Join Us to talk about Real Estate

Come join us at our booth to get all your home buying or home selling questions answered.  We can set you up with our valued associates to answer questions about real estate matters, help you get a valuation on your home, discuss recent legislation affecting your home, and help get you the financing you need to purchase the home you want in North County San Diego.

This room needs some help

Real Estate Selling Secrets

What do you do when you want to sell your home for the best price you can get, but you just hate to spend the money it will take to upgrade or repair some of the rooms in your home that are slightly old, boring or simply awful?

This room needs some help.  Bad carpet.  Walls look okay, but the carpet and walls don’t match.  The curtains look old, and certainly outdated.  And look at the room itself.  Does it look decorated, or simply like a room with stuff in it?

So the question is, do it now, or let it slide?

The buyer is just going to change the color anyway…..

Don’t be fooled by this old and mostly wrong home selling adage.  Buyers are not looking for repair work when they buy a home.  Sure, they’re going to want to put their own stamp on the home, decorate to their style, and paint as suits their tastes.  But studies have shown time and time again that buyers look at homes much like they look at all the rest of their lives.  First appearances, it seems, are truly important, especially to a home buyer.

Look at your home through the eyes of the buyer.  They’ve just come from another similarly priced home in a similar neighborhood.  They are looking for just the right place to put down roots and make a life of their own.  Your home is dirty, or perhaps just unkept, and maybe a little dated.  It’s not as if you’ve done anything wrong.  It’s your home.  You can live the way you want, with the carpet you want, with the dust you want, and the tedium you want.

Just don’t expect the buyer to be happy with it, however.  They are simply going to move awkwardly from the room that needs some work, through every other room, never forgetting or forgiving what they saw when they first came in.  You must paint and carpet if needed NOW, or leave not only money on the table, but perhaps more importantly, the very opportunity to get an offer from a prospective buyer.

 We’ll just lower the price??

Other than not clearing out the clutter and cleaning up as best you can, lowering the price instead of making the home marketable is simply bad idea #2, and is simply another old adage waiting to be dispelled.

Although I could go on about why the above is true, I’ll stick with the one thing I’ve seen hundreds of times with clients of my own.  Your home will be on a list of multiple others that will have already been looked at on the internet (pictures and data), and then compared side by side when the Realtor and the client get into the car.  Once the buyers have seen nicer homes, nicer because they have fresh paint, new carpets and perhaps new window coverings, price never becomes an issue.  The purchase price of a home is so much higher than any of the costs that might be incurred in making repairs or cleaning up, that the buyer will never include them in their decision making process.  They are not paying $3000 less, but rather in their minds (and even this is rare) are perhaps paying $10 a month less.  Clean wins over cost every single time.

Clean your home.   Paint if it needs it.  Remove all the clutter.  Carpets clean or replaced.  Garage emptied of everything you can.  Be clean effective, and you will reap the rewards of a quicker and better priced purchase from happier buyers.