The average rate over the last 100 years is around 7%. Right now it's hovering around 3 1/2%! Talk about time to buy? Call David for a free consultation.
David Demangos
858.232.8410
I go to Extremes to fulfill your Real Estate dreams!
Sunday, April 21, 2013
Saturday, April 20, 2013
People's Tenure in Previous Homes
Most people sell their homes because their life situation changes. They have children and need a bigger place to live. Or they retire and downsize. Perhaps they take a job in another part of the country. Interestingly, part of the reason the real estate market is so depressed (on average) is that those factors have been minimized. They take a job in another part of the country? Far less likely now. They retire and downsize? Lots of people can't afford to retire. They have children and need a bigger place to live? Birth rates decline in recessions. And people have discovered they can put multiple kids in one bedroom. I interviewed several agents and the average opinion was 7 years.
After understanding these few reasons above we see why more are staying in their homes longer. If you know anybody looking to buy or sell their homes, contact me:
David Demangos
858.232.8410
I go to Extremes to fulfill your Real Estate dreams!
Saturday, April 13, 2013
Demangos Homes Just Sold in San Diego
To buy or sell your home, contact:
David Demangos
858.232.8410
I go to Extremes to fulfill your Real Estate dreams!
Thursday, April 11, 2013
Should 1st Time Home Buyers Buy a Foreclosure?
Buying a foreclosed property can differ in many ways than other more standard transactions. The key is having an experienced agent like myself represent you through the whole process... All offers are contingent on financing and must be accompanied by a pre-approval letter. Some banks require a pre-approval letter from a certain lender, so be sure to read guidelines before submitting an offer. All cash offers require proof of funds with the letterhead of where the funds are being held and the buyers name listed. Actual account numbers can be blackened out, as long as buyers name is easily visible.
All offers must be written offers, on an As-Is contract only some banks supply addendums in advance, and if that is the case it will be in the MLS as an attachment and should be signed and dated and submitted along with your offer. In most cases, however, the bank addendums are provided only after buyer and seller come to agreement. At that time, the bank will send their bank addendums/counter offer for buyer's signatures. Please note at this point, the bank has still not signed anything, and most likely will not sign until ALL forms have been signed by the buyer. Your offer is considered a pending contract until it is returned from the bank/seller with their final approval. In the interim, all offers that come in must be presented. When signing and initialing a bank addendum, do not alter it in any way or it will be rejected.
The usual time frame for a response to your offer is 3-5 business days, although sometimes a little sooner and occasionally a bit longer. Allow plenty of time for acceptance, and for closing the deal, 30-45 days in most cases.
If you are requesting seller concessions for buyers closing cots, pre-paids, or repairs, make sure those are requested in the written offer, as adding these things at a later date can be very difficult and most times impossible. For those writing an offer for an FHA or VA purchase, make sure the property will meet the standards for this type of financing.
Once you have a fully executed contract, time is of the essence. (as with any transaction) All inspections must be done within the days according to the contract. Should the buyer not be accepting the conditions, written notice must be obtained prior to end of inspection period along with a signed cancellation and release form. Some banks will make earnest money non-refundable after the end of the inspection period. Foreclosures aren't for everyone, and yet it just may be the house you love.
For assistance, contact:
David Demangos
858.232.8410
I go to Extremes to fulfill your Real Estate dreams!
Sunday, April 7, 2013
How does your home compare to using power?
How does your home compare to using power?
David Demangos
858.232.8410
I go to Extremes to fulfill your Real Estate dreams!
Primary Reason for Purchasing a Home
#1 Reason to purchase a home: Desire to own a home and desire for a larger home.
David Demangos
858.232.8410
I go to Extremes to fulfill your Real Estate dreams!
Friday, April 5, 2013
Where do Buyers Search for Homes?
David Demangos
858.232.8410
I go to Extremes to fulfill your Real Estate dreams!
San Diego Home for Sale with Bomb Shelter
David Demangos
858.232.8410
I go to Extremes to fulfill your Real Estate dreams!
Tuesday, April 2, 2013
What do Sellers Want Most from Their Agents?
Monday, April 1, 2013
Is There a "normal" Housing Market?
When you know anybody deciding to buy or sell their home, contact:
David Demangos
858.232.8410
I go to Extremes to fulfill your Real Estate dreams!
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