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Displaying blog entries 1-10 of 140

3325 Upas Street, North Park Open House

by North Park-South Park Real Estate Expert

 

Do not miss this Awesome North Park Open House!

Saturday & Sunday, May 19th & 20th, 1 to 3 pm

3325 Upas Street, San Diego CA 92104

3455 Landis Street, North Park Open House

by North Park-South Park Real Estate Expert

 

Do not miss this Awesome North Park Open House!

Shown by appointment only!

3455 Landis Street, San Diego CA 92104

North Park Homes for Sale

by North Park-South Park Real Estate Expert

 

  

North Park has a very limited amount of Traditional homes for sale at the present time. This means that in North Park there is more competition for buyers to locate the right property quickly for their specific needs. Many investors in North Park have given this area a hard lookover and found it a great location for purchasing properties for the purpose of making profits and because of this, traditional home buyers that are looking to buy fixers are getting beat out on offers that they are submitting on homes in North Park because professional investors are paying cash and closing with-in 10 days. Buying properties for rental income purposes in North Park is a great way to build a steady income that will curb any future problems with their finances and saavy investors are taking advantage the opportunities that North Park has to offer.

 

If you own a home in North Park and have been thinking of selling, then now could be the best time for you to take action. While interest rates are so low, we are seeing North Park home sellers able to attract a lot of different buyers all at once. When creating the kind of situation where there are more than one buyer interested in your home at the same time, the selling price can increase and the entire process can speed up more than one would think at first. Having several buyers who want the same home will spark an atmosphere of competition that can drive the offers up and net you, the seller a better price for your North Park home.

North Park and South Park Homes for Sale

by North Park-South Park Real Estate Expert

In North Park and South Park there is currently a limited amount of homes for sale. With that being said, there are still many Traditional homes sales, where home owners have enough equity established within the property so that the selling price shall be enough to provide certain resources that are vital in paying off existing mortgages.

North Park and South Park Traditional Sales, there is an increasing number of Short Sales in this part of San Diego as well.  Buyers can often come across a great choice of short sales in North Park and South Park, where interested parties will find the great benefits if they are able to work through the process. With a short sale the process is longer in duration than normal traditional sales, but there are advantages to this also. One of the most important things to consider is when working with such a sale is that the process itself, in most cases, will take longer than the traditional. The average time is a 30-45 day escrow which most home buyers are accustomed to when buying a home in San Diego.

 

Firstly, short sales are when the house is selling for less than what the home owner currently owes on their mortgage. This is of course is going to mean then that lenders shall need to play a huge part in the transaction of the sale. Your purchase is going to have to be approved by the seller but also by the lender. This makes everything take a little while longer. In some cases 2-3 months and in other 5-7 months. This will also involve a lot more hassle as well, but some people believe the effort is going to be worth it. The homes are sometimes offered well below market value, which unfortunately brings down the comps in the North Park and South Park area but for the potential buyer is great.

It is an amazing time to purchase a property in North Park and South Park today. The interest rates are incredibly low right now, which makes buying a home in North Park, South Park and anywhere in San Diego a great financial decision.

3426 Palm Street, North Park Open House

by North Park-South Park Real Estate Expert

 

Do not miss this Awesome North Park Open House!

Saturday & Sunday, April 14th & 15th, 1 to 3 pm

3426 Palm Street, San Diego CA 92104

Buying a Home in North Park

by North Park-South Park Real Estate Expert

In North Park, if you are looking for a home to buy, it is always best to work with a Realtor with experience and knowledge in the North Park area and who wants to find the best kinds of homes for sale in our North Park Neighborhood for you.

In North Park, there is a lack of inventory today so when a listing comes on the market, you have to move quickly; however, making sure that you find a home that is suited to your own specific needs may end up taking a little bit of extra time.

This is where having a knowledgeable professional is going to help, especially if one considers not only traditional sales, but also short sales and of course investment properties that are popular within our North Park Neighborhood. Thankfully, you can get some great Realtors in North Park who are very knowledgeable of our North Park neighborhood and the current real estate market in this area.

At the moment there are a few Traditional sales in North Park and they are more of an attractive sale then a Short Sale in the buyers eyes because they can close pretty quickly, usually between 30-45 days. Of course this supply is limited and therefore it can be somewhat beneficial for the owner in the area.  At the end of the day, with so many individual people who are looking to buy a home in North Park, the supply will not always meet the demand.  North Park homeowners will therefore be put in a rather advantageous position whereby they shall have a house on the market in one of the best possible areas. Homeowners that decide to price this properly are usually rewarded with high interest from buyers and this can lead to multiple offers being made on the property. Naturally a situation like this is what every seller wants to find for themselves when the subject of selling their property comes about. The property, however, needs to be priced in a competitive manner as well.  Buyers are usually going to be very well informed and therefore shall know what to do in the cases of overpriced homes.

North Park + South Park homes

by North Park-South Park Real Estate Expert

 

In North Park and South Park today we have a lot of people who are beginning to realize how many wonderful opportunities they have when they take advantage of the great financial purchasing power within our North Park and South Park real estate market. North Park and South Park,  located in San Diego is offering home buyers an excellent selection of prime North Park and South Park homes for sale.

The housing crisis has a profound effect on the confidence of home buyers in North Park and South Park, but some seasoned buyers have begun to see the real possibilities that are available today. The interest in short sales in North Park and South Park is increasing because these North Park and South Park short sale properties have been priced competitively. This opens up excellent opportunities for buying well established homes and provides perfect solutions for lenders, potential buyers, and North Park and South Park homeowners all together.

A lot of people have seen that certain situations like with the interest rates being way too high or purchasing homes they truly can't afford, or an unexpected loss in their income, has put them into positions of financial hardship. Most of the time these people owe more than what their homes are actually worth. This is a bad situation. What makes it worse is them being unable to keep their monthly payments paid. They find that they are also unable to qualify for refinancing to try to get lower interest rates. Sometimes the best move is to cut your losses by getting out from under an unaffordable home and to move on to one that they can afford. Starting over sometimes is the best solution.

Whenever this kind of situation occurs, the lenders will be willing to work with homeowners. They want to help them by assisting with the selling of their homes at prices that are insufficient to pay off their existing mortgage debt. But being able to help a homeowner to avoid foreclosure and escape having to deal with unmanageable debt benefits the lender as much as it does the homeowner. One good thing for buyers in this kind of situation is that the interest rates are very favorable, making  North Park and South Park short sale properties excellent opportunities. 

At this time there is a broad variety of choices in regard to traditional sales in North Park as well. This means more opportunities for buyers to locate the right property for their specific needs. Many investors have given this area a hard look over and found it a great location for purchasing properties for the purpose of making profits. Buying properties for rental income purposes is a great way to build a steady income that will curb any future problems with their finances.

If you own a home in the area of North Park and/or South Park and have been thinking of selling, then now could be the best time for you to take action. As the interest rates grow steadily a lot of sellers are seeing that they're able to attract a lot of different buyers all at once. By creating the kind of situation where there are more than one buyer interested at the same time the selling price can increase and the entire process can speed up more than one would think at first. Having several buyers who want the same home will spark an atmosphere of competition that can drive the offers up and net the sellers a better price for their homes.

North Park and South Park Homes

by North Park-South Park Real Estate Expert

 

North Park and South Park homeowners who are selling their home today are benefiting a great deal from today's market. Although prices have come down since the big boom of several years ago, interest rates are so low that there are a lot of buyers searching to buy the right home. Some North Park and South Park sellers can still experience multiple offers when they are ready to sell because of the low inventory right now. It allows them to select the best purchase agreement which is often closest to their asking price and sometimes above. When several parties are interested in buying, it is to every one's advantage that they make their offer as desirable to the seller as possible.

The real estate crisis is not old news by any stretch of the imagination. It's still very fresh in the minds of the masses. Those who know the impact it has on current sales are taking advantage and purchasing their ideal properties in our desirable North Park and South Park neighborhoods. Homeowners who want to sell their property and buyers that are interested in short sales in North Park and South Park will find that it's an area with a great deal to offer. It can accommodate nearly any budget.

Short sales aren't all that's available. There are traditional sales in North park and South Park to consider, as well. Homeowners who have built up their home equity can easily sell their property and receive more than they currently owe on their mortgage. The transaction itself is very simple in comparison to a typical short sale. But, whichever route buyers and sellers choose to go, a realtor with experience knows the "ins and outs" of the process and can offer the understanding needed to complete the sale that wins each buyer their dream home.

Documents needed for a Short Sale

by North Park-South Park Real Estate Expert

Here are the intitial documents needed to get your short sale package together.

 

Find Affordable North Park Homes for Sale

by North Park-South Park Real Estate Expert

 

For anyone looking for property in our fantastic North Park neighborhood of San Diego, the availability of wonderful North Park Featured Homes for sale can be an ideal solution to finding the home of their dreams. This area has a lot to offer the potential home buyer, especially given the fact that the current listings of short sales in North Park dramatically increases the chances of a buyer finding an affordable home that meets their own specific needs and budget.

 

As the housing market starts to rebound, there are still many value packed bargains currently listed for sale, many of these listings represent the growing segment of short sales in North Park; however, there are also many affordable traditional sales in North Park that can meet a buyer’s needs as well. While the two types of transactions will certainly have their own unique requirements, understanding the process of purchasing a short sale property is important; especially if you want to avoid disappointment when delays and paperwork seem to be the norm.

 

Navigating through the many details of purchasing a property that is being sold as a short sale is something that an experienced real estate professional will be able to help guide you through. Unfortunately, this process can take a little longer than a typical purchase that is handled directly with the homeowner and their agent; however, that is certainly no reason to be reluctant to purchase one of these homes, especially if you are able to remain flexible with your time-frame for completing the transaction.

 

Displaying blog entries 1-10 of 140

Contact Information

Photo of Mary McT Real Estate Group Real Estate
Mary McT Real Estate Group
Mary McT Real Estate
3855 Granada Ave
San Diego 92104
619-818-8122
Fax: 619-270-2515

 

 

 

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