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December 27th, 2011
Rancho San Pasqual Market Update For 2011
Rancho San Pasqual Market Update For 2011
Here we are at the end of yet another year. This is always such a good time to take a minute and look back over the year. Looking back over 2011 gives us a chance to really compare it to 2010 and see how the market actually played out. Throughout the year, there are lots of opinions about what the market will do, how interest rates will effect pricing, what short sales and foreclosures will do to the market, etc.. Instead of speculating, sometimes it is better to wait and see what the market actually did. As we look back at 2011, here is what we know for sure ..
1. 35 homes SOLD in 2011. This is down from 2010 when we saw 52 homes sell.
2. The average market time was 92 days in 2011. This is up from 87 days in 2010.
3. The average sale price was $462,283 down slightly from $469,392 in 2010.
4. Homes sold for 96% of their asking price on average in 2011.
What does all this mean? Well, it appears that not much changed from 2010 to 2011. The market appears to have stayed somewhat stable in this particular market area. There were considerably less homes that sold, however, that could be due to the fact that the neighborhood actually saw less short sales and foreclosures in 2011 than it did in 2010. Prices have not dropped much more, leading one to believe that we are still bouncing around the bottom. If you have been waiting for the “bottom” this could possibly be it!
There are currently 6 homes for sale in Rancho San Pasqual. That represents roughly 10% of the entire market. Of the homes on the market the smallest home is 2169 square feet and is listed for $378,000, the largest is 3641 square feet and is listed for $639,000 (click here to see a tour of the home).
Rancho San Pasqual remains a wonderful place to call home. Nestled in the San Pasqual Valley, this gated community of 580 homes offers residents tree lined streets, surrounded by hills covered with avocados, a large community pool, play ground and more! Kids attend the well known San Pasqual Union School District. With low HOA fees and no Mello Roos, this affordable community may be Escondido’s best kept secret!
For more information about living in Rancho San Pasqual call Jennifer today. As a long time resident of the area, Jennifer is happy to share information about the area. If you currently live in Rancho San Pasqual and want to know what your home is worth, a confidential valuation meeting can be scheduled.
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.
September 9th, 2011
Wall Street Journal and Real Trends Name Top 1000 Agents/Teams in the Country
Wall Street Journal and Real Trends
Name Top 1000 Agents/Teams in the Country
Earlier this week, the Wall Street Journal partnered with Real Trends to compile a list of the top 1000 agents/teams in the country. We are thrilled to announce that our team (Teti & Olenik) has been named #240 on their top 1000 list.
Our team is comprised of 4 full time agents and one assistant. Based out of the Rancho Bernardo office of Real Living Lifestyles, this team offers services to families all across San Diego and South West Riverside counties.
Upon being told of the honor, Susi Vickery was quoted as saying, “Being part of a such an incredible team means so much to us as professionals and to the clients that we serve. Each of us brings a different talent, strength and area of expertise to the table, which only strengthens the tools we are able to offer our clients”
This truly is a team effort with each team member bringing their own unique style and talents to the table. Diane Teti and John Olenik have been serving the real estate community for over 25 years and offer their clients a tremendous amount of area and real estate knowledge. Their excellent service is best echoed by the large number of referrals and repeat clients that they service.
With just under 10 years of real estate experience, Jennifer Teti-Burroughs and Susi Vickery bring additional skills to the team. With prior careers in law enforcement and sales/marketing, clients are treated to an enormous amount of area knowledge, information and cutting edge technology to support them in their real estate ventures.
When asked about the market and why they have been so successful in such a tough real estate market Susi commented, “There is no magic bullet in this market! It doesn’t matter if you are buying or selling today, you need to cast a large net and be creative in your marketing and your negotiating to get the best for your clients. Knowing our markets and business helps us offer a whole host of options to our clients to help them achieve their real estate goal”
Serving families in both San Diego and South West Riverside counties, the team offers a vast array of options to clients. It doesn’t matter if you are looking to buy, sell, invest, upgrade, or downsize, this dynamic team of professional and full time agents can help you.
When asked about the families that help them earn this incredible honor, Jennifer was quoted as saying , “The families that we served in 2010 came from all walks of life, our clients range from investors, to first time home buyers, to CEO’s of companies being relocated to live in San Diego. We don’t cater to any one group, we enjoy getting to know each of our families and helping them achieve whatever their specific goal is”
If you or anyone you know is in need of real estate assistance, please have them call or email us today! We are happy to help!
April 25th, 2011
Rancho San Pasqual One Story Home For Sale
Just Listed
in
Rancho San Pasqual
Welcome Home to Rancho San Pasqual. This beautiful 3 bedroom, 2 bath cul-de-sac home, with a large backyard, eat in kitchen and 3 car garage is waiting for you! With approximately 1793 square feet (according to assessors records), this gorgeous home boasts a living and dining room as well as fantastic kitchen with a 
center island.
Situated on a cul-de-sac, the home is nestled in the San Pasqual Valley, surrounding Eagle Crest Golf Course, and just minutes to shopping, freeways, wineries, the world famous San Diego Wild Animal Park, medical facilities and more. With low HOA and no mello-roos taxes, this affordable home is perfect for anyone looking for a new community.
Kids walk to San Pasqual Union School, located just outside the gates. This Pre School thru 8th grade, one school, school district offers families a great education with the convenience of being located within the community.
For photos and a virtual tour of this magnificent home click here
To see this home for yourself, call today and have a private showing. Jennifer Teti-Burroughs, Windermere Exclusive Properties, 858-521-7277 OR email Jennifer at JennBurroughs@gmail.com.
Jennifer is part of the award winning real estate team of Teti & Olenik, and Associates at Windermere Exclusive Properties. This high performing team consistently delivers a high degree of service to all clients. With over 40 years of combined real estate experience, no one is better suited to serve you and your family.
November 3rd, 2010
Fantastic Cul De Sac Home ~ With Large Yard and Views! ~ Rancho San Pasqual
Just Listed
in
Rancho San Pasqual
Welcome Home to Rancho San Pasqual. This beautiful 5 bedroom, 4 bath home, offers you an amazing yard for all your entertaining needs! With approximately 3400 square feet (according to assessors records), this large home has lots of options for offices, den, guest rooms and more! The gourmet eat in kitchen is perfect for entertaining with a large center island, and breakfast bar. Enjoy the peace and quite of the San Pasqual valley, while relaxing and enjoying your beautiful home and pool.
Situated on a cul-de-sac, the home is nestled in the San Pasqual Valley, surrounding Eagle Crest Golf Course, and just minutes to shopping, freeways, wineries, the world famous San Diego Wild Animal Park, medical facilities and more. With low HOA and no mello-roos taxes, this affordable home is perfect for anyone looking for a new community.
Kids walk to San Pasqual Union School, located just outside the gates. This Pre School thru 8th grade, one school, school district offers families a great education with the convenience of being located within the community.
For photos and a virtual tour of this magnificent home click here
To see this home for yourself, call today !
Jennifer Teti-Burroughs, Windermere Exclusive Properties, 858-521-7277 OR email Jennifer at JennBurroughs@gmail.com.
Jennifer is part of the award winning real estate team of Teti & Olenik, and Associates at Windermere Exclusive Properties. This high performing team consistently delivers a high degree of service to all clients. With over 40 years of combined real estate experience, no one is better suited to serve you and your family.
October 20th, 2010
Beautiful One Story View Home in Rancho San Pasqual
Just Listed
in
Rancho San Pasqual
Welcome Home to Rancho San Pasqual. This beautiful 3 bedroom, 2 bath home, with exceptional views of the San Pasqual Valley and Eagle Crest Golf Course, is ready for you to just move in! With approximately 2067 square feet (according to assessors records), this gorgeous home boasts a large family and dining room as well as gated private courtyard. The gourmet eat in kitchen is perfect for entertaining with a large center island, and breakfast bar. Enjoy the peace and quite of the San Pasqual valley, while relaxing in this beautifully landscaped yard, multiple sitting areas, built in bbq and spectacular views.
Situated on a cul-de-sac, the home is nestled in the San Pasqual Valley, surrounding Eagle Crest Golf Course, and just minutes to shopping, freeways, wineries, the world famous San Diego Wild Animal Park, medical facilities and more. With low HOA and no mello-roos taxes, this affordable home is perfect for anyone looking for a new community.
Kids walk to San Pasqual Union School, located just outside the gates. This Pre School thru 8th grade, one school, school district offers families a great education with the convenience of being located within the community.
For photos and a virtual tour of this magnificent home click here
To see this home for yourself, call today and have a private showing. Jennifer Teti-Burroughs, Windermere Exclusive Properties, 858-521-7277 OR email Jennifer at JennBurroughs@gmail.com.
Jennifer is part of the award winning real estate team of Teti & Olenik, and Associates at Windermere Exclusive Properties. This high performing team consistently delivers a high degree of service to all clients. With over 40 years of combined real estate experience, no one is better suited to serve you and your family.
October 5th, 2010
6 Things Every Buyer Should Know When Buying a Short Sale
What it means to be the buyer of a short sale
As we have said many times before, Short Sales are not fun and they are not easy, but they are the new reality! They can not and should not be avoided, but as a buyer you need to understand what you should expect and what the benefit to you will be. Following are a few things to consider.
1. The closing date is NOT set in stone ~ We have even heard of them as being referred to as a “fantasy”, we prefer to refer to them as “fluid” - This means that you should not get tied into the closing date. You have to know that the closing date is a real date that all parties are working towards. Remember, there are a lot of parties involved in making these transactions come together. If one party misses a deadline, it effects everyone. Do Not hire movers and settle in on a date until you are very close to the date. Your Realtor should be able to help guide to a more realistic date as you approach the closing.
2. The average time to obtain lender approval is 60-120 days and can even be longer. Some lenders have been able to streamline this process but not all have.
3. It is true that the condition of a short sale property typically is better than a foreclosed home. You must keep in mind that there will be deferred maintenance and some important repairs that will need to be made. Make sure you have some money set aside to address some of the more serious issues. Keep in mind, these are not “new” homes, they have been lived in and will require some repairs.
4. Closing Costs and Past HOA Dues ~ Not all lenders are approving closing costs. Some will allow closing costs to be covered and others will not. Most lenders are not covering past HOA dues. It is imperative that your agent ask the listing agent if the seller is delinquent on their HOA dues and if so how delinquent are they. As a buyer it would be helpful if you were prepared to cover the late HOA dues, just in case the lender does not approve it.
5. Inspections ~ Most lenders are requesting that inspection periods be reduced from the typical 17 days, sometimes down to as little as 5 days. As a buyer, you need to be prepared to have your inspections done quickly.
6. Investors ~ Buyers of short sales are often competing with investors. It is not uncommon to find out that you are bidding against 2 or 3 other buyers and that they are investors, with cash to close the transaction. If this is the case, consult with your agent on how to make your offer more appealing to the lender.
Again, there is no “silver bullet” to successfully buying a short sale, but these tips will help to better prepare you for what to expect. In a short sale situation patience and flexibility are key! You are probably getting a fantastic deal on a home that in years past you could not have afforded, but you are going to have put some money in and understand that nothing about buying a short sale is “typical”.
September 30th, 2010
6 Tips For Trying To Get Your Short Sale Approved
6 Tips For Trying To Get Your Short Sale Approved
Let’s face it, Short Sales are the new reality. We can no more ignore them than you can ignore that excruciating headache you get when the weather changes! We can’t escape them, so lets discuss how to deal with them with the least amount of pain and in the shortest time! If you are considering a short sale as an option for getting out from underneath your home, there are a few things you should consider and do as you start this process. These “tips” are exactly that, they are ideas, suggestions, things to think about, they are NOT legal advice and should not be construed as such! With that being said, “Tip” #1 is to consult an attorney and/or CPA before proceeding with a short sale. A good Realtor will help you navigate through the process and handle the negotiations, but they can not and should not tell you how to proceed and what your “best” financial options are.
#2 Act Quickly ~ Get on the phone to your lender. Ask specifically to be transferred to the “loss mitigation” department (they will know what you are talking about). Then tell the person on the other end of the line that “default is imminent” and ask them how to proceed with a short sale.
#3 Keep Calling ~ Don’t give up. Inevitably, they will loose your file or some form that they request you send them. Mark your calendar and call them 2-3 times a week to follow up.
#4 Have All Financial Records In Order ~ Here is a list of items you will need to gather. A) Tax Returns (2 years) B) W-2’s or 1099’s (2 years) c) Last 30 days of pay check stubs D) Last 90 days of Bank Statements (both sides) E) Personal Financial Statement – you will need to provide your own personal version of a profit and loss statement. F) Hardship Letter – This letter should detail the circumstances that have lead to you needing a short sale. You must have a legitimate hardhship. Also keep in mind, that as each 3o days go by, you will need to update your pay stubs and bank statements.
#5 Talk to a HUD-Approved Foreclosure Intervention Specialist ~ You can visit the HUD website at www.hud.gov
#6 Contact the Office of the Comptroller of the Currency ~ This is the department that regulates the banks and how the disperse monies. If you are having trouble getting an answer go to their website at www.occ.gov and link to www.helpwithmybank.gov
These are just 6 quick tips for you to think about. Short Sales are not fun and they are not easy, but there is a benefit to getting them done vs. foreclosing. If you are thinking about embarking on a short sale, you need to have a team of agents, negotiators, escrow officers, title reps and more, on your side. Call us today for a confidential appointment to determine if a short sale is right for you.
Just SOLD
