North County Real Estate Review & Forecast

North County Real Estate Review & Forecast

This is a look back on North County Real Estate in 2017 and some thoughts on the coming year. It’s a privilege to live and work in such a dynamic community.

Unit Sales for in town homes topped 900 properties for the second year in a row. The average sale price of residential single family homes in North County was $457,000 which reflects a 6% increase over 2016. This aforementioned market is by far the strongest market in our Community. We still have low historical inventory and new home construction is only starting to stir.  Consistent demand coupled with lower supply is where we are heading in 2018.

So…  How Will the New Tax Bill Effect ME?

So… How Will the New Tax Bill Effect ME?

Everyone is scrambling to see how the new tax law will effect them and how it will play out on their own taxes.  Like real estate..  location location… location..  In general and overall, it should play well for the economy, the country and how it impacts each...
How to Choose a Realtor

How to Choose a Realtor

Like choosing any service professional – from an accountant to your family doctor – it’s important to do your homework before deciding on the real estate agent that you will work with.  Your home purchase or sale likely represents one of the most significant financial...
Mortgages

Mortgages

The concept of a mortgage is quite simple.  It’s basically a loan for a home wherein the property itself is used as collateral. Securing a mortgage, however, can be complex.  The process may take more than a month, as several parties – from the escrow officer to the...
Do I Need Title Insurance?

Do I Need Title Insurance?

Title insurance is an insurance policy that protects you against financial loss stemming from problems found in a property’s title, or legal ownership. As the buyer, how do you know the seller really owns the property?  How can you be sure there are no liens, such as...
Can I Skip a Home Inspection?

Can I Skip a Home Inspection?

In your excitement to buy a home, it’s easy to miss a small crack in the foundation, some leaky pipes under the house, or a roof that needs to be replaced. The sellers worked hard to make the home look as desirable as possible, but looks don’t tell the whole story. ...
Selling Your Home

Selling Your Home

Selling a house can be stressful. Making the decision, preparing the house for sale, keeping it clean, waiting for a buyer, dealing with offers, and advancing to the closing table – all of these steps can involve discomfort. This is a huge financial transaction with...
Buying a Home

Buying a Home

Buying a home is a big deal.  The financial and emotional stakes are high – but the rewards can pay dividends for a lifetime.  Plain and simple, owning a home can improve your quality of life, provide stability and give you a sense of control you just...
What is Escrow?

What is Escrow?

Although it’s not the most talked-about aspect of buying a home, escrow is nonetheless a vital component of a successful transaction. Escrow is an arrangement in which a neutral third party holds onto funds and key documents involved in a home sale, and then...