Also serving the communities of De Luz, Rainbow, Camp Pendleton, Pala and Pauma
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What exactly does extension of time mean? If I’m parking my car at a meter with a limited amount of time on it, and I see the meter attendant approaching, I sure would like an extension of time to avoid that costly fine. Or if I’m on vacation and finally feeling relaxed, I sure would like an extension of time, so I could stay a little longer. But, as we all know, time doesn’t just extend. Time is finite. Time is exact. In a real estate contract, there are exact times that...
The word “disclosure” is a noun that means the action of making new or secret information known. Its antonym is concealment. What a simple definition, and the antonym is equally simple and profound. In California real estate, sellers have an obligation to complete two documents to aid in their required disclosures to the prospective buyers. The first is the real estate transfer disclosure statement and the second is the seller property questionnaire. Both forms are a ser...
The Fallbrook Community Planning Group docketed a proposed letter to the county on the planned revision of the marijuana dispensary ordinance which urged county staff to consider planning group input. Jack Wood, planning group chair, learned from county staff, however, that the views of the community planning groups and community sponsor groups would be considered. The item was withdrawn from the Feb. 15 agenda, and an ad hoc committee was created. The letter, which was not discussed, read: “The Fallbrook Community P...
Passerelle LLC, which owns the land where the Campus Park development is planned, will be undergoing the process to convert some land designated as office professional into residential lots. The Fallbrook Community Planning Group provided guidance to Chris Brown, representative of Passerelle, during the Feb. 15 planning group meeting. Because Brown sought guidance and the final project is still to be developed, the planning group did not take a vote on the Passerelle plans but rather provided the individual members’ d...
The San Diego County Board of Supervisors voted 4 to 1 in favor of supporting a set of policies intended to improve access and “social equity” in the cannabis industry. If you’re like me, you’re asking yourself, what in the world does “social equity” have to do with cannabis? Let’s start with the Wikipedia definition of “social equity.” Social equity is concerned with justice and fairness of social policy. Since the 1960s, the concept of social equity has been used in a va...
Being a buyer in this low inventory marketplace can be frustrating to say the least. Unless you are a buyer shopping above the $1,500,000 price range, you will be competing against many other hopeful buyers who want the same home as you. Homes that are priced correctly, are sold within a few days, often for over the list price. Currently we have less than a half month's supply of homes under $1,000,000. Over $1,000,000, we only have a three months' supply. There are only 64...
Last week, I reminded you how critical it is for all of us to show our gratitude by being generous to Fallbrook’s local merchants and restaurants. Since my writing of that article, I heard the sad news that one of our downtown merchants and possibly one of our restaurants will be closing at the end of the year. The need for your support is real, and critical. There is another community within Fallbrook that needs your support, especially at this time of year. Every nonprofit i...
At·ti·tude /ˈadəˌt(y)o͞od/ noun 1.a settled way of thinking or feeling about someone or something, typically one that is reflected in a person's behavior: "she took a tough attitude toward other people's indulgences" Synonyms point of view, view, viewpoint, vantage point, frame of mind, way of thinking, way of looking at things, school of thought, outlook, angle, slant, perspective, reaction, stance, standpoint, position, inclination, orientation, approach, opinion, ideas...
The desire for a pathway or trail along Stage Coach Lane now has the formal support of the Fallbrook Community Planning Group. The planning group voted 14-0, Monday, Jan. 18, to approve sending a letter in support of the pathway or trail to San Diego County. Planning group member Eileen Delaney also chairs the Fallbrook Revitalization Committee's infrastructure subcommittee, so she abstained due to a potential conflict of interest. The Fallbrook Revitalization Committee...
The Fallbrook Community Planning Group deferred a recommendation on a proposed gate on Sandia Creek Drive. A 10-4 vote Dec. 21, with one vacant seat, continued the item until the planning group's January 18 meeting. "I think there are too many questions that are unanswered," said planning group chair Jack Wood. "I think it's premature at this point to call for a vote." Wood himself wasn't aware of a Jan. 7 virtual county meeting on the request for an Administrative Permit for the gate until that meeting was mentioned during...
It just seems appropriate to share this poem, written in 1822, by American poet Clement Clark Moore. Enjoy your home, your family, and the magic of this beautiful time of year! ‘Twas the night before Christmas, when all through the house Not a creature was stirring, not even a mouse; The stockings were hung by the chimney with care, In hopes that St. Nicholas soon would be there; The children were nestled all snug in their beds, While visions of sugar-plums danced in their h...
Home for the holidays means something extra special this year. In past years, staying home was something you would choose to do, perhaps to slow things down and restore your energy or perhaps your bank account. This year, we have all been told to “stay at home,” so our options have been reduced by our inability to leave. So, what’s a person to do to turn these lemons into lemonade? Here’s a few ideas for you to consider. Let’s start with where we live, Fallbrook As I look out...
This is the time of year that everyone talks about gratitude. It’s as if there’s an obligation to bring it up because, after all, we have a holiday named after it, Thanksgiving. My first thought is, what a shame that we don’t talk about gratitude more regularly. It can’t possibly be that we as a people are only grateful from November to December each year, and the rest of the time, we’re just ______, fill in the blank. Thanksgiving does remind us to be grateful. I’m thankful...
I recently participated in an Economic Throw Down Discussion. The participating panelists came from across California. There were housing analysts, mortgage analysts, educators and real estate economists. There was one topic that truly piqued my interest because it resonates with real estate in Fallbrook. It’s the topic of migration. Migration can be outbound which generally occurs when homeowners leave California. Migration can also be inbound from one area of California t...
Integrity. This word has been in the news a lot lately. Integrity is the opposite to fraudulent, another word that has been in the news. Truth or transparency and deceit or deception are more tangible definitions. I wrote about integrity in the real estate transaction a few months ago, but after reading my own article under the lens of today’s integrity monocle, I believe right now is as good of a time as any to expand on integrity within a real estate transaction. Previously,...
On Nov. 3, voters made their voices heard on two real estate related propositions. Prop 15 would have changed how commercial properties and agricultural land have their property taxes assessed. Commercial property and agricultural land would have been re-assessed every three years, whether or not there was a transfer of title. In other words, the reassessment would not require a sale to occur but would instead become a calendared event. The proponents argued that large corpora...
4 started out as a year poised for some great reform in the housing arena. The California State Legislators sponsored multiple bills focused on streamlining the process to expedite housing development as well as modifications to zoning to allow for additional housing along transit corridors. The bills were crafted to provide solutions to the lack of housing supply. Then COVID-19 arrived, and all legislative plans shifted focus on emergency response to the virus. The...
The more things change in art, the more they don't remain the same, especially not now during our time of COVID-19. What's trending now may not be what was in November 2019. But thank goodness artists keep one step ahead based on their own goals of artistic excellence. No one had any idea of the days that were to follow Save Our Forest's Take A Seat auction fundraiser for environmental classroom education Nov. 2. Since that time, some artists have applied skills to making...
Voter booklets are out. Ballots are out. It's time to get serious about the propositions on November's ballot. There are three that potentially impact real estate and your property values. The first one is Proposition 15. It has a title that is very misleading. It makes you think that it is all about funding our schools. The revenue created, if Prop 15 were to pass, would largely go to the schools but at the cost of commercial property owners across the state. It would change...
It’s been a hot couple of months! The weather’s been hot! The real estate market’s been hot! Downtown Fallbrook is hot! So where have you been? It’s been seven months since we were all told to shelter in place and wear a mask. Some businesses have been allowed to reopen in a limited way, while others remain shuttered or unable to afford to open, given the protocols required to open. They simply can’t afford to open up with the current restrictions. Thanks to Fallbrook...
Last week I wrote about the unpredictability of appraisals. Appraisals can be one of the biggest checkmates in the escrow process. One other challenging component of many of the transactions in Fallbrook is the septic inspection and certification process. This inspection, if requested by the buyers, is required to be completed and provided to the buyers within seven days of acceptance of the offer. Many of you understand septic systems because your home utilizes this...
The real estate transaction is complicated. There are multiple participants, there are multiple disclosures and reports, there are multiple points of negotiation, and there’s the appraisal. Appraisers are a bit like the wizard of oz. They have all the levers, they hide behind the curtain, and they decide what you get. We all know how that worked out for the cowardly lion, the tin man, and Dorothy. The wizard gave them what he determined they needed and sent them on their w...
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Due to the coronavirus pandemic, the Fallbrook Revitalization Committee held a virtual meeting Aug. 18, and the virtual meeting allowed additional San Diego County staff members to participate without making the physical trip to Fallbrook. The meeting was hosted by county Supervisor Jim Desmond and also included Murali Pasumarthi, traffic engineering manager of county Department of Public Works; Eric Lardy, advance planning division chief of county Department of Planning and Development Services; planning manager Ashley...
The California Association of Realtors has been diligently working on finding a way to provide property tax relief to homeowners over 55, the severely disabled and victims of wildfires and natural disasters. The path to Proposition 19 began three years ago, when CAR gathered enough signatures to get CAR sponsored Proposition 5 on the November 2018 ballot. The Legislative Analyst’s Office gave Proposition 5 a very unfavorable title and summary. The title and summary is the l...