Charming, well maintained and highly upgraded craftsman home in beautiful Normal Heights! Traditional sale!! This well appointed home features 3 bedrooms, 2 bathrooms and over 1500 square feet. Boasting spanish architecture and a large, private yard with lush landscaping, flagstone and covered patio this home is an entertainers delight. Beautiful archways and crown mouldings throughout add to this homes character! Large bedrooms and beautiful hardwood floors. The kitchen boasts newer tile, stainless appliances and built in display cabinets. Rare 2 car detached garage and central air located on a quiet street!
Click Here for more information and to take a virtual tour or contact Lisa Herndon at (760)579-1183 to arrange a showing!
Why is now a good time to buy a home? The answer may not be exactly what you think! Sure, home prices are down, making that home you had your eye on a few years ago much more affordable. Even more significant though is the drop in interest rates. For months we’ve heard reports that interest rates are “nearing all time lows” but last week, interest rates hit their all time low at a little over 3.75%.
A lot of people I meet and clients I’m working with to help buy a home ask me, “shouldn’t we wait to see if home prices continue to drop?” I also hear, “I’ve heard that we may be in for another housing price dip…shouldn’t we wait?” My answer: If you want to pay more for your home, wait to see what happens with home prices! Now this might be opposite of what you expected and it does not mean that I think home prices are going to begin rising dramatically. It means that home buyers should take advantage of the low interest rates while they last. They are MORE significant than the price of the home.
Do you know that a $600,000 home will cost you approximately $130,000 more over the life of the loan for every point of interest? For example, the difference between a 4.25% interest and 5.25% interest rate (both of which are fantastic) will cost you approximately $130,000 amortized! Sure, we may see home prices go down a bit more, but why risk $130,000 while you wait for the price to drop $10,000 or $20,000? To break it down further, the same $600,000 home will cost you approximately $362 per month more for every 1% increase in interest rate. Compare this to the approximate $100 per month savings for every $20,000 in home price reduction. Bottom line: If you are waiting for that $600,000 home to drop to $580,000 to save $100 per month, if interest rates rise, you will be paying much more for your home, not less! Interest rates are sure to begin rising again at some point. The average interest rate historically is 9%. We’ve hit the “all time low” already and rates are still great! Take advantage of it!
Lisa Herndon is a licensed Realtor proudly serving the San Diego, CA area. Please visit www.SanDiegoGreatHomes.com for more information and to learn about working with Lisa to help buy or sell your home!
Financial information provided by Mark Robertson with Samuel Scott Financial. For more information about Samuel Scott Financial, visit http://samuelscottfg.com/mark.htm
The 4S Ranch Little League Opening Day of the 2011 season is March 5!
Children of all ages kick off the 4S Ranch Little League season on March 5. The players and coaches alike appreciate all of the community support they recieve so come on out and cheer on your favorite team!
For team schedules, click here.
Fresh and Easy Neighborhood Market is the latest addition to 4S Ranch’s shopping choices!
Fresh and Easy joins Ralphs and Jimbos as another shopping alternative for this growing community.
Fresh and Easy’s philosophy is to “provide wholesome foods that doesn’t cost your whole paycheck.” They offer a wide variety of their own brand of foods including freshly prepared meals with no artificial colors, flavors, high fructose corn syrup, or added trans fats. They also carry some of your favorite top brands.
See for yourself! Fresh and Easy is located at the corner of Camino Del Norte and Dove Canyon!
For more information on living in 4S Ranch, click here.
Related Posts: San Diego
Real Estate in America’s Finest City is back! On December 11, 2010 Zillow estimated year-end values for all homes was $378.5 billion in San Diego which is up $10.2 billion from 2009! At 2.7 percent, San Diego showed the biggest rise in the top 20 and ranked 14th among all 129 markets ranked! The US national numbers showed a 7% decrease year over year.
This is excelent news for San Diego home owners and a call to action for potential home buyers! As value increases, we are bound to see a shift from the current “buyers market” into a “sellers market.”
For the full article, visit www.SanDiegoGreatHomes.com.