Archive for September, 2007
Get CASH for your Home, courtesy of The Cole Group
Posted by Erica Vautier | Leave A Comment »
In July 2007 Jeff Cole and his team at Windermere Exclusive Properties started a new program called “Buy Your Home for Cash” that utilizes the purchasing of homes to facilitate the sales of their current listings.
“It gives buyers that have a home to sell another option and sellers another avenue to market their property,” said team leader Jeff Cole. This innovative program has helped them have the best two months in their real estate history.
“Our phone hasn’t stopped ringing,” said Cole. “Since starting this program we have had immediate interest and have already put one home in contract using this promotion.” The “Buy Your Home for Cash” program not only brings new buyers to the table, it also reaffirms the Cole group’s belief that there is no time like the present to buy into this market.
“With current prices and interest rates at the levels they are, we believe the overall affordability and value in today’s market is good,” said Cole, who has remained among the Top 5 producers at Windermere since joining the company.
Cole is truly a master of marketing and knows what it takes to get homes sold. He also knows to surround himself with competent and reliable team members and support staff. Still, Cole is personally responsible for each listing he takes and loves to market and show his properties. “Though my support staff is unmatched in professionalism and ability I know when someone hires me to sell their home they want me and I want to be available to them,” said Cole. With the success of their new program, his buyers no longer have to write a contingent offer, putting them in a stronger negotiating position, which can help secure a better purchase price. For more information about the “Buy Your Home for Cash” program, contact Jeff Cole directly at 760-525-7787.
Popularity: 24% [?]
Related Posts: Buyers, Home Loans, Marketing, Windermere, Windermere Agents
Keep Del Mar Clean Hosts 4th Annual Surf Stomp Fundraiser
Posted by Erica Vautier | Leave A Comment »
Join Keep Del Mar Clean for their 4th Annual Surf Stomp Fundraiser on Friday, September 14, 2007. This event will be held at the beautiful indoor/outdoor oceanfront Del Mar Powerhouse Community Center at from 6:00 - 10:00 p.m.
“The event has sold out for the past three years,” said Dara Chantarit, President of Keep Del Mar Clean. “It draws a great crowd; we are expecting 150 people from the mayor or Del Mar to your every day beach lovers.”
Chantarit recommends people get there on time to watch the sun set and have their fill of a delicious Polynesian dinner catered by Da’ Kitchen. The event is for adults 21 years and older only who will get to enjoy local celebrity bartenders, live music and dancing to San Diego’s own Atomic Groove, and raffle and silent auction opportunities.
“Keep Del Mar Clean is a community based non-profit 501c3 organization that organizes beach cleanups, educates and helps provide tools for keeping the beaches and parks clean,” said Chantarit. “The Surf Stomp Fundraisers of previous years helped Keep Del Mar Clean donate cigarette receptacles in conjunction with the smoking.”
For information and tickets, call: 858-792-9091, email: dara@keepdelmarclean.com or visit www.keepdelmarclean.org
A Recap:
Event Name: 4th Annual Keep Del Mar Clean Surf Stomp Fundraiser
Day/Date: Friday, September 14, 2007
Time: 6:00 - 10:00 p.m.
Location: The Del Mar Powerhouse Community Center, 1658 Coast Blvd, Del Mar, CA 92014
Tickets: $60.00 per person in advance, $70.00 at the door (if available)
Tickets include: A fabulous event in the beautiful indoor/outdoor oceanfront Del Mar Powerhouse Community Center. Polynesian dinner by Da’ Kitchen, beer by Karl Strauss Brewing Company, wines by Clos du Bois, live music by San Diego’s own ATOMIC GROOVE, dancing, raffle and silent auction opportunities.
Don’t wait too long as this event sells out each year!
Popularity: 22% [?]
Related Posts: Carmel Valley, Community Service, Del Mar, Entertainment, Windermere, Windermere Agents
How to Come out of the Credit Crisis Unscathed
Posted by Mark Loscher | Leave A Comment »
I recently heard a story about a couple whose approved mortgage evaporated just as they were about to move in to their new home. In fact, they had already moved into a temporary apartment with their three kids and had a moving van en route, when they got the news.
The spreading mortgage crisis had hit their broker hard and the he was no longer able to offer them a loan. Despite their perfect credit rating and a combined income north of $175,000, the broker now felt that the couple was too much of a credit risk.
This is just one example of the hundreds of stories unfolding here in San Diego and around the country in response to the real estate market’s battle with excessive inventory and lending greed. A lot of loans were made to people with bad or no credit, and now the piper must be paid.
Home buying-hopefuls are faced with the challenge of navigating through a market exacerbated by reckless spending.
So where does that leave us?
The San Diego area has more than 20,000 homes for sale at an average asking price of $692,685. The number of homes for sale has been declining for the past four months and the average sales price has fallen by $44,000 in that same period.
While the media loves to splash portentous tales of credit catastrophes across their headlines, the forecast is not all doom and gloom. The speculative buying frenzy may have done a number on the loan industry, but the influx of foreclosures and resales is actually helping market prices self-adjust. Buyers will find that there is a large selection of homes available and that the prices are becoming more realistic.
Today’s buyer is highly sensitized to both price and condition. They are well-informed and willing hold out for the best overall value. With the seller to buyer ratio reaching 42 to 1 at the start of August, buyers can now find upgraded properties at competitive prices. Translation: the property you’ve been coveting for years but thought was unaffordable is probably within your reach. Falling prices and excess inventory make it a great time to be a buyer. Properties that are priced correctly are moving.
For years, real estate values appreciated so rapidly that it was hard for lenders to lose money. Even properties that faced foreclosure appreciated enough for the lender to make a profit. With housing prices depreciating, lenders have to price loans for the borrowers to bear the full risk of their credit score. The loan process is returning to a more prudent scenario, but with proper professional guidance you can find a lender with proven funding. Good money is always available to people who have good credit.
Your real estate agent will help you find a house you can afford and connect you to a lender who can secure the appropriate financing. To ensure that you get the best loan available, you should be ready to demonstrate the following things: you have a good credit score, a significant down payment, and the ability to make enough money to afford the loan. Ask your agent to scrutinize the loan-approval letters from lenders – they have a lot of experience pairing their clients with reputable lenders.
We are surrounded by wonderful, well-priced homes for sale. And financing is readily available to those who meet normal and prudent guidelines. I’ve been involved with real estate for more than 25 years and have watched the market rise and fall through the natural cycles of the industry. The market has always corrected itself in the past and, rest assured, it will correct itself this time, too.
San Diego is a one of the most resilient markets in the country. Our population has grown significantly in recent years and continued growth is anticipated. People want to live in San Diego and are willing to pay top dollar to enjoy this lifestyle. It is a great time for buyers who take the time to work with their agent on securing safe and affordable money.
Oh, and the couple I mentioned at the beginning of this article did get a loan. Their agent worked with a loan officer to verify that the couple was more than qualified and they were soon able to move into their new home.
Popularity: 23% [?]
Related Posts: Buyers, Foreclosures, Home Loans, Mortgage News, Real Estate News, San Diego, Sellers
