Archive for the 'New Homes' Category
4 Bedroom Home in San Elijo Hills with a Pool and Spectacular Ocean and Lagoon Views!!!
Posted by Alison Peterson | Leave A Comment »
1608 Trenton Way, San Marcos, CA 92078
4 Bedrooms, 3 1/2 Baths and approximately 3241sf
Can You Afford This Ocean View 4 Bedroom Home With Pool In San Elijo Hills? Of course you can!
Many upgrades and special features: Tile, wood and premium carpet flooring, granite kitchen counters, rich wood cabinetry, built-in entertainment center, beautiful master bath, large dual closets with Elfa Closet System (all closets), custom paint & window treatments, custom plantation shutters,fireplace in family room and living room. Zone 2 speakers in Master Suite, Backyard and Side Courtyard! Security system and pool security/alarms on all doors with access to pool.
To schedule a private tour of this home, call or text Alison Peterson at 760-889-7934
or Email me at AlisonPeterson@me.com
Related Posts: Buyers, Coastal Living, Find A Home, Great Real Estate Deals, Lifestyle, New Homes, New Listings, San Marcos, Sellers, homes for sale
You are here: Home / Blog President of Southern California for Pulte Homes Talks About the San Diego Housing Market
Posted by Sean Zanganeh | Leave A Comment »
“Chris Haines is the president of Southern California for Pulte Homes, a home builder that focuses on what he calls the ‘move up market.’ Recently his company purchased 131 finished lots in the 4S Ranch planned community near Rancho Bernardo and plans to break ground on the project some time in 2011. Recently, Haines spent a few minutes talking about his company’s plans and the state of the new home market in San Diego County.” For a unique perspective from an insider’s point of view, read his responses here: http://www.mysddreamhome.com/index.php/president-of-southern-california-for-pulte-homes-talks-about-the-san-diego-housing-market/.
Related Posts: Buyers, New Homes, San Diego
BEWARE! The Type of Property You Choose May Affect Your Loan Approval!
Posted by Paul Gonzales | Leave A Comment »
Most people know they need to look their best when trying to get approved for a mortgage. Like brushing our teeth and combing our hair for a family portrait, we know that our credit scores, job history and general financial health are important. (To see how to avoid common pitfalls after you have been approved for a loan, see my recent post Your Loan is Approved! Now Avoid These Four Pitfalls That Can Really Ruin Your Day).
However, did you know that the type of property you choose may also have a major impact on your loan approval? If not, dear reader, then Press On!
Let’s say you start out thinking you’re looking for a cute house with a white picket fence. But then you begin to see different options. Let’s see how those choices may change, limit or even eliminate your financing options:
A Planned Unit Development, or PUD
A what? They look like a regular house, but are part of a large, master-planned community. Most homes built in recent years by major builders are PUDs. This property choice invariably comes with a required membership in a Home Owners Association (HOA). The monthly HOA dues can commonly run into the $200 to $400 range, especially in Southern California. This will reduce the amount of financing you qualify for because it will be included as part of your debt-to-income ratio.
Condominiums
- Non-Warrantable Condo Projects – This is a condominium that does not have official Fannie Mae or FHA approval (required to get financing from these agencies)
- Condo Conversions – These are condos that started life as apartments and then were converted to condominium building codes. Most are OK, but a few may be little more than cosmetically-enhanced apartments. Again, look for that all-important Fannie Mae or FHA approval on the project
- High-rise Condos – commonly defined as a condo above 4-stories tall. Some lenders won’t do mortgages on them
- Those ubiquitous HOA dues will change your qualifying debt/income ratio
Manufactured and Modular Homes
This can be a tricky area with regard to financing. These types of homes are partially built and assembled in a factory and then moved to the property site where they are permanently affixed to the land. Such homes manufactured in recent years can look like a traditionally-constructed or site-built home except to the most discerning eye (like an appraiser). However, lenders definitely make the distinction and the types of loans available to purchase or refinance this type of property are quite limited, especially in the current financial markets. Where available, a mortgage on this type of property will likely require a greater down payment. Options such as interest-only payments will be almost impossible to find. While this type of housing can be ideal for the right Buyer, be aware that it will limit the financing options for you now, and most likely for the next person looking to purchase it (from you)
Large or Unusual Properties
This one can catch you by surprise. A common example might be a home built on 18 acres of land. Regardless of how big or nice the house is, a large tract of land may actually dominate the total value of the property. Conventional mortgages are intended to finance residential property, not land. As a result, some lenders will limit the maximum size of the property they will finance; 5 acres is not uncommon. Other lenders will allow larger acreage but will require the appraisal to consider the value of the improvements (house) and limit land value to 5 acres. Another issue can arise if the property includes improvements other than what is common to residential property. Examples might be a home on 4 acres that includes 300 avocado trees, or a duplex where 1 of the 2 units actually houses a business such as a barber shop. These properties may be viewed as commercial or mixed-use in nature, rather than residential.
Multi-Family Property (Duplex, Triplex etc.)
Conventional financing is still widely available for 2 to 4 family properties. However, recent changes in the mortgage markets have tightened a number of requirements to qualify for financing on these property types. Examples include larger down payments, higher credit scores, higher interest rates and more conservative debt-to-income ratios.
The important point to draw here is that one size does not fit all when obtaining financing. It’s best to have a reasonably clear idea of the type of property you are seeking to purchase before you obtain loan approval. And if that idea changes, be sure to let your mortgage professional know as soon as possible. That will avoid unpleasant surprises and assure that your approved financing will work for the home of your dreams!
For questions about matching your loan to your home, call Paul Gonzales, Countywide Mortgage Lending at (760) 746-7388 or email me at paulforloans@aol.com
Related Posts: CW Mortgage, Find A Home, Home Loans, Mortgage News, New Homes, Real Estate News, homes for sale
Bonsall Caravan-Price Reduced Beautiful Bonsall Property
Posted by Jeff Cole | Leave A Comment »
Please join us at the Bonsall Caravan on
Wednesday, July 7th 2010 from 9:30-1:oopm at:
5352 Camino Jasmine-Now listed for $1,490,000
Stunning custom home built new in 2010. This brilliant 1 story Spanish inspired home has been 5 years in the making and is a one of a kind 2.78 acres equestrian estate withpastures, riding arena, privacy, views and more.
The massive wooden automated gates open to an elegant courtyard with room for a dozen cars. The quality of crafsmanship is evident from the moment you enter the estate. With over 7,000 square feet of pavers, a 1300 square foot garage, carriage style doors with oil rubbed bronze hardware, an outdoor courtyard withfireplace, the list can go on and on. The design and quality run throughout every room of this magnificent home.
With a fabulous Great room concept, exposed beams, vaulted and arched ceilings, elegant niches, multiple fireplaces and more, you will never want to leave.
There are many sets of glass doors which open up to the picturesque views and outdoor living spaces, embracing the best of Southern California Living. In Bonsall enjoy top rated schools, a perfect climate year round, coastal breezes, and a perfect balance of living in the country while just minutes to all North San Diego County has to offer. For more information visit our website at www.JeffColeGroup.com
Related Posts: Activities & Events, Area Information, New Homes, homes for sale, horse property
Are You Looking for a Successful Career In Real Estate?
Posted by Eileen Schwartz | Leave A Comment »
Windermere Academy Now has openings for New Agents and Agents that don’t have the success they want or need!
Our extensive Windermere Academy New Agent Training Program has opening for our next series of courses beginning on June 14th, 2010.
The Windermere Academy takes newly licensed agents through an extensive training program that not only includes the contractual education which is of the utmost of importance, we also cover, Branding, Marketing, Lead Generation, Business Planning, Technology and an in-depth study of Title, Escrow, Lending, Home Inspections & Termite Inspections.
(A Recent Graduating Class)
Our notable program offers high levels of success to new agents allowing them to build a foundation for a prominent career in residential real estate. Our very unique specialized program offers tools and training not being offered by any other company in San Diego County.
We offer a mentor program that follows the extensive training to ensure the highest level of service to the consumer and the highest level of education for our agent. Our mentors have specialized knowledge and have been trained how to get a new agents up and productive quickly. Mentors are only selected as mentors if they are proven real estate leaders in their community and the industry.
If you are newly licensed or have been licensed and not having the success you want where you are at currently give our Director of Education & Training a call of a one on one interview to be considered for our upcoming sessions. Call Eileen Schwartz (760) 931-6111 x 117 or cell (760) 803-4663
Related Posts: Agent Services, Careers at Windermere, Carlsbad, Carmel Valley, Contracts & Negotiations, Del Mar, Downtown, Education, Encinitas, Escondido, Fairbanks Ranch, Great Real Estate Deals, International Real Estate, Join Windermere, Just for Fun, La Costa, La Jolla, Leucadia, Market Trends, New Homes, New Listings, Oceanside, Pacific Beach, Picture Perfect San Diego, Poway, Rancho Bernardo, Rancho Penasquitos, Rancho Santa Fe, Real Estate News, San Diego, San Marcos, Santa Luz, Sellers, Valley Center, Windermere, Windermere Agents, Windermere Managers, Windermere Offices, windermere foundation
