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September 27th, 2011
New Construction in Temecula ~ Paseo Del Sol
Welcome home to Paseo Del Sol
Wanting to find new construction in the Temecula area. Welcome to Paseo Del Sol. This established master planned community located in the center of Temecula offers three options of Builders, floor plans and pricing for that can satisfy most buyers.
Manzanita Del Sol by KB Homes offer homes priced from the mid to high 200,000’s. They range from 1700-2200 square feet with floor plan options of 3 to 5 bedrooms. Solar Packages are included. 
Arroyo by Lennar offer homes priced from the low to high 300,000’s. They offer 3-5 bedrooms options with 2100-2800 square feet. The Lennar everything included option make adding upgrades an easy and affordable option.
The Reserve by Standard Pacific offer homes priced from the low to high 400,000’s. These sprawling homes offer 3-5 bedroom options. Wonderful upgrades and options are included in these homes.
With low HOA fees of $84 a month, sit back and and enjoy all this neighborhood has to offer. The new community association clubhouse will be completed by the end of the year with an additional exercise room and two pools to compliment the existing pool and clubhouse. Over 26 miles of walking and biking trails and numerous tot lots and community parks. Minutes to wine country and the Temecula Promenade, and award wining schools, take advantage of all Paseo Del Sol has to offer.
For more information on any of these homes, neighborhoods, or Temecula real estate in general call us today.
September 22nd, 2011
September ~ 2011 Housing Trends Newsletter
SEPTEMBER – 2011 Newsletter Housing Trends eNewsletter
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.
Please click here to view the SEPTEMBER – 2011 Newsletter Housing Trends eNewsletter.
If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.
May 31st, 2011
Temecula Real Estate… Holding on!
Temecula Home prices 
Top stories in both the LA times and New York times report that home ownership has dropped to 66.4%. This low number has not been seen since 1998, creating a feeling that the real estate market which was set on a road of recovery could be on another downward spiral. According to the S.&P./Case-Shiller index, home prices have also dropped for the seventh month in a row in the 20 largest cities in the US.
http://www.nytimes.com/2011/05/31/business/31housing.html?_r=1&ref=todayspaper
This is not necessarily true for the Temecula Valley Real Estate market. In comparing figures from April 2011, the Housing Trends news letter dated May 2011 states that the median priced home in Temecula in April 2011 was $277,000. This is up 2.8% from March 2011 and up 3.1% from April of 2010.
In May 2011 the median price for a 2400sq./ft. 4 bedroom 3 bathroom home in Temecula was $290,000. This number is down just 1% from May 2010. People from surrounding counties are still drawn to the Temecula area for the top rated schools, community amenities, location, and affordability. Temecula real estate is holding on and still a good deal.
If you or someone you know is interested in buying or selling real estate in Temecula or any of the other surrounding areas, CALL me Today. I have lived and worked in the Temecula area for over 10 years and would be happy to share not only my area knowledge with you, but my real estate expertise.
Below are some of the statistics that speak to year over year adjustments
May 2010
| Status: Closed Sale (177) | |||||||||
| List Price | ADOM | Selling Price | BR | BA | SqFt | Lot SqFt | |||
| Min | 99,900 | 93,000 | 2 | 1.00 | 867 | 2,613 | |||
| Max | 1,121,000 | 398 | 1,122,784 | 6 | 6.00 | 6,256 | 246,114 | ||
| Avg | 292,619 | 71 | 293,423 | 4 | 2.92 | 2,379 | 16,902 | ||
May 2011
| Status: Closed Sale (119) | |||||||||
| List Price | ADOM | Selling Price | BR | BA | SqFt | Lot SqFt | |||
| Min | 150,000 | 1 | 59,950 | 2 | 1.00 | 856 | 2,614 | ||
| Max | 1,095,000 | 429 | 950,000 | 5 | 5.00 | 4,209 | 412,513 | ||
| Avg | 298,652 | 93 | 290,550 | 4 | 3.01 | 2,421 | 19,503 | ||
March 26th, 2011
Cash is King… or is it?
Cash is King
or is it?
Lately we have been found that we are competing with “cash” buyers m
ore than ever. What does this mean to you if you are not a cash buyer?
We have all been told that “cash is king” and in some respects it is. Having “cash”, especially in a real estate transaction, does definitely have it benefits. For example, cash allows
a buyer to move quickly, close quickly and to buy a home without a loan contingency, or even an appraisal contingency (although I would not ad
vise the latter). Additionally, having cash says quite a bit about the financial strength of the buyer. It is not an easy feat to have that amount of cash and the
buyer should be recognized and appreciated for the determination and accomplishment of having cash.
From a sellers perspective, be it a bank, or a regular home owner, there is a com
fort in selling to a “cash” buyer. That comfort comes from knowing that they will not have hoops to jump though for the new lender or an appraiser. For a seller that wants a quick, smooth escrow, a “cash” buyer can be a great option. But not in all cases….
It is not uncommon for a “cash” buyer to expect financial consideration (i.e lower sale price) for the “benefit” of working with them. In most situations where there are multiple offers, it is rare for the high bidder to be the “cash” buyer. The truth of it is, it is all cash to the seller once escrow closes. With that being said, every seller will have their own threshold for what they are willing to “discount” the home to for the “cash” buyer. Is cash worth $10,000 in sales price? or maybe $30,000, we don’t really know, each seller is different.
From our experience, sellers are not typically willing to sell at a huge discount just for the “cash” buyer. They may give a small financial break to the “cash” buyer, but rarely is it more than 2% of sale price of the house.
For those buyers who are trying to buy a home right now and find themselves up against “cash” buyer, our advise is don’t get frustrated, stay the course, prepare offers that fair and reasonable based on other comparable sales in the neighborhood. Don’t 
get caught up in outbidding the “cash” buyer, just put your best foot forward and then wait! There are other things you can do to make your offer stronger in order to compete with “cash”.
If you find out you are competing with a “cash” buyer, you can shorten your contingency period, increase your earnest money deposit, don’t ask for seller concessions or a home warranty, etc. These are all options, they are not appropriate for everyone, but can be helpful in some cases.
We find that our clients are up against “cash” buyers all the time, we have successfully negotiated many of these through to closing for our clients. If you want to chat with us about the process and how we are able to help many of our buyers, call or email us today, we are happy to help.
September 17th, 2010
September 2010 – E Newsletter
September-2010 Newsletter Housing Trends eNewsletter
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.
Please click here to view the September-2010 Newsletter Housing Trends eNewsletter.
If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.
Jennifer and Susi are full time professional real estate professionals. We are fully committed to ensuring our clients have the most up to date information about the market, so that they can make the best decision for them and their families. Whether you are considering buying or selling, we can help you evaluate all your options and help you move forward to achieving your goal. Call or email us today!
September 13th, 2010
5 Truths About Buying Short Sales and Foreclosures
5 Truths about Buying Short Sales and Foreclosures
This article is about the truths of buying a short sale or REO. Most agents wouldn’t be as blunt or discuss them in such a frank matter but we believe it is worth the discussion.
1. The “deal” is the price – Whether you are buying a short sale or a bank owned foreclosure, you have to realize the “deal” is already there. You are not going to be able to buy the home for much below what it is listed for OR what the comparable sales say the home is worth. Most homes are already priced at a deep discount from what they were purchased for. The lender or the bank is 
going to still be looking for “fair market value” for the home. Just because a home is a foreclosure or a short sale does not automatically effect its value. If the condition is poor or there are major issues with the home, those things should be taken into consideration with regards to the price, but the mere fact that it is a short sale or REO does not effect its value. Keep in mind when an appraiser values the home, they are going to use comparable homes in the same general area to determine the price.
2. Offering “full price” on a short sale does not guarantee that the bank will accept your offer – Keep in mind when buying a short sale, you are dealing with 2 parties, the owner and the bank who has to approve the short sale. The listing agent doesn’t really know what the bank will accept in terms of a price, until the offer is presented to them. The listing agent will do their best to price the home at fair market value so as to increase their chances of the bank approving the offer, but they don’t know for sure until the offer is presented to the bank.
3. When buying a foreclosure don’t assume the listing agent has any control – Most REO listing agents are not hired for their expertise, opinions, reputation or knowledge of the area or business. That is not to imply that they are not very capable agents who have large businesses with years of experience. Rather, the banks are not asking them to be consultative with regards to the REO listings. It is not uncommon to hear of a listing agent who has not ever spoken with the asset manager they are working for. Some banks actually use portals where the listing agent uploads the offer and waits for the banks response. In most cases the listing agent is a conduit of information, not an active participant in the negotiation.
4. Asking for concessions does effect the bottom line – If you are in need of assistance with closing costs and you intend to ask the seller to credit you back money, keep in mind that does effect their bottom line. You can get closing costs covered, up to 3% of the purchase price in most cases, but it will effect how the seller sees your offer. If you using a VA or FHA loan and you are asking for concessions from the seller, you are not going to be the most desirable offer when competing for the home. Yes, it can be done, and yes, we see it all the time, but as a buyer, you need to know this going into the offer. It is rare that you will be able to get a low offer with concessions included accepted.
5. Buying a short sale or REO property is a process, not an event – We find ourselves saying this a lot lately. Buying a short sale or foreclosure can gleem you a nice home at a great price, but do not fool 
yourself into thinking it is going to be quick or easy. You may end up offering on multiple different homes before you land one. Additionally, there are a lot of ups and downs throughout the purchase, you have to be ready to be flexible and understand that at the end of the day, you are getting the home you want.
None of this is meant to scare you away from buying, in fact, with rates so low and prices down, there are some fantastic opportunities out there for buyers. You just have to be realistic about what to expect what the process is going to be like. Going in with your eyes open will make the process that much easier to maneuver through. We sell lots of homes each year and with each client we learn something new. It is our job to prepare you for what to expect and set you to win as opposed to being frustrated by the process.
If you or anyone you know is thinking about buying or selling, have them call us today! We will give them all th
e information they need to make a good informed decision and move them forward with their real estate goals. 858-521-7277
Jennifer and Susi are part of a full time professional real estate team that serves both San Diego and South West Riverside Counties. With years of experience and knowledge behind them, they can help you achieve your goals whatever they are.
August 24th, 2010
August 2010 Housing Trends eNewsletter
August-2010 Newsletter Housing Trends eNewsletter
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.
Please click here to view the August-2010 Newsletter Housing Trends eNewsletter.
If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.
June 14th, 2010
Market Trends Newsletter – June 2010
June-2010 Newsletter Housing Trends eNewsletter
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.
Please click here to view the June-2010 Newsletter Housing Trends eNewsletter.
If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.
May 9th, 2010
Market Trends Newsletter for May 2010
MAY-2010 Newsletter Housing Trends eNewsletter
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.
The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more.
Please click here to view the MAY-2010 Newsletter Housing Trends eNewsletter.
If you are interested in determining the value of your home, click the Home Evaluator link for a free evaluation report.
April 30th, 2010
365 Fun Things To Do In Temecula
365 Fun Things To Do In Temecula
Take your friends and family and enjoy a fun night out at Seau’s in Temecula (formerly Ruby Tuesday’s). Located near Costco just off of Overland. 
You will enjoy viewing all the sports memorabilia and a wide variety of foods on the menu.
For more information visit their web site!
Just SOLD
