Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
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California’s governor suspended the rights of property owners to receive rents for the use of their property, a violation of the Fifth Amendment of the Constitution and a violation of the state of California Constitution – property rights. This action took place in February. Many tenants discontinued paying their rent even if they could afford it given that it was announced by the governor that they didn’t have to pay. The governor also took it upon himself to suspend unlawful detainers and foreclosures until 90 days after...
Inventory is still historically low. Yes, demand has slowed due to market uncertainty. If you are waiting thinking you are going to get a discounted deal, think again. Market time is well below historical lows. New average market time is now 90 days versus 46 days. We have now approached what is called a balanced market. I.e., neither a seller or buyer advantage. A balanced market is expected marketing time versus actual market time which is now between 90 to 120 days. Our inventory is still historically low and demand is...
There is a lot of information online both from the California Association of Realtors and many landlord-tenant sites. I would like to share my experience. No, I am not a massive owner of multiple properties, but I am a real estate broker who believes in property ownership. Why, because I trust something I can see, touch and feel. So, let me share my story as it is relevant today. I purchased a property in Temecula a few years ago. Based on my always initial premise, I bought something that has added value, i.e., location or...
Special to Village News We as a small town, have better community and have been through a few fire disasters together. We can and will recover and become even stronger. Let’s talk a bit about the real estate market. Our housing market is stronger than it’s ever been. We are not in the position we were in in the 2008 crash. Most people have strong equity positions, and the federal government is taking proactive measures to prevent the crises and losses for those who don’t have large equities or bank accounts. Quoting Wells Far...
Selling real estate must be done with intent. It isn’t something that just happens. There are three points that can make or break a deal. The first is pictures. It may seem like a silly statement, but look at some of the pictures posted on the multiple listing service and every live real estate website in the known universe. To sell a property at the best possible price in a reasonable amount of time the first thing people learn about a property is from the pictures. Will a dark ugly rendition of an old photo do well? R...
Selling real estate must be done with intent. It isn’t something that just happens. There are three points that can make or break a deal. The first is pictures. It may seem like a silly statement, but look at some of the pictures posted on the multiple listing service and every live real estate website in the known universe. To sell a property at the best possible price in a reasonable amount of time the first thing people learn about a property is from the pictures. Will a dark ugly rendition of an old photo do well? R...
Selling real estate must be done with intent. It isn’t something that just happens. There are three points that can make or break a deal. The first is pictures. It may seem like a silly statement, but look at some of the pictures posted on the multiple listing service and every live real estate website in the known universe. To sell a property at the best possible price in a reasonable amount of time the first thing people learn about a property is from the pictures. Will a dark ugly rendition of an old photo do well? R...
After making the decision to invest or reinvest via 1031 in rental housing, there are some good basic rules that guide the process and make sense of the marketplace whether someone is new to investing or already own property. Below are some favorites. First, evaluate the type of neighborhood surroundings. This review determines the type of tenant mix. In doing so, owners must not forget the fair housing guidelines. The considerations are many. Do you want it to be walking distance to shopping, schools or other amenities?...
Having made the big decision to invest in real estate, where at least you may have something to show for the money invested, there are still many steps to take and mistakes to avoid. So let's look at a few. The analysis paralysis. Believing the more information you get the better decision you will make. The focus is on the criteria used to determine if they will make an offer. Often using a set formula for performance and return on investment. Some like cash on cash some like...
