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South Park Rental Open House

by North Park Real Estate Expert-Metro San Diego

South Park has a Mult-Unit Property that has two Darling Rentals Properties and waiting for great tenants. We will have open houses for both on Sat. May 6th from 12-2pm. For more info on these detached homes, click on the images below.

 

This is the one bedroom one bathroom

1538 33rd street

 

This is the two bedroom, two bathroom home

1540 33rd

4433 Bancroft Street Open House Today

by North Park Real Estate Expert-Metro San Diego

4433 Bancroft Street is our newest listing for sale in San Diego, specifically, Normal Heights. Come take a look today at this wonderful Spanish Style Bungalow located in a great neighborhood in San Diego just several blocks from Adams Avenue's restaurants, cafe's and neighborhood boutiques. Enjoy living in a high walkable area of San Diego.

Click on the image below to see all photos and find out more information about this Spanish Style Bungalow in Normal Heights, San Diego.

4433 Bancroft Street

25th Home Charity Program-First Round of Voting

by North Park Real Estate Expert-Metro San Diego

The McT Real Estate Group is excited to announce our 1 round of the 25th Home Sale Charity Donation Program! We will be donating $5,000 across 4 local charities as chosen by YOU the local community!

Thank you all who participated thus far. Below are the organizations that YOU have chosen. Now let's see who makes it to the top 4. Voting starts today until May 1st.


3164 Thorn Street Home for Sale

by North Park Real Estate Expert-Metro San Diego

3164 Thorn Street is a California Bungalow in the North Park neighborhood of San Diego that will be hitting the market next week.

It is located in a great area of North Park within the McKinley Elementary School Boundaries and within walking distance of many great Restaurants and Coffee Shops. Leave the car at home and take a hike in Balboa Park and walk to South Park and enjoy the eclectic shopping that South Park delivers.

There is lots of natural lighting, low maintenance backyard, and a detached garage.

Open Houses will be on April 22nd and 23rd so don't miss the opportunity to see this home in person and enjoy all of what North Park has to offer.

For more information on this home, contact the McT Real Estate Group at 619-818-8122.

3164 Thorn Street

 

 

 

Home Inspection Tips for Buyers

by North Park Real Estate Expert-Metro San Diego

Selling a House

 

You have been searching for a home to buy in North Park, San Diego for quite some time. Finally, you found a house you love and the seller has accepted your offer - You are now in what we in San Diego call “in escrow”, so what’s next?  

 

In Escrow

 

Escrow is a third party company that holds the deed to a seller’s property until the buyer has acquired a mortgage and/or comes in with the complete funds and all conditions have been met to purchase the seller’s home.

 

It is time for you and your Realtor to schedule the home inspection.  The home inspection is a crucial part of the home-buying process, and there is only a small window of time to get it done.  A great realtor will be on top of things to make sure the process goes as smoothly as possible.

 

Although the buyer is responsible for the home inspection report, sellers will sometimes have their own pre-inspection report done in order to avoid surprises after accepting an offer. This is not to say that you are not to do your own inspection. You can, and should. However, it’s important not to assume that you will be able to renegotiate on the purchase price after your inspection is done. You are simply having this done to either confirm what is already in the seller's’ report or to have your own completed by your preferred home inspector.

 

The Purpose of the Inspection

 

The purpose of a home inspection is to evaluate the condition of a property before you buy it. You want to know exactly what you are going to be purchasing and if there is anything of concern that you should know about. This does not mean that the seller will have to fix any of the items that come up in the home inspection. Although, if you have a good buyers agent, they will be able to negotiate certain items if they are major ones. With this being said, this will depend on the seller and on whether you are in a buyer’s market or a seller’s market.


What is checked during a Home Inspection?

 

The home inspector will look at the infrastructure of the house: the heating/air-conditioning system, plumbing, structure, electrical, and fireplace ventilation.  The condition of the roof, the exterior of the building, the driveway and walkways, surrounding walls, and fences are also checked.  The inspector makes sure the house is safe to inhabit and that it is up to code.

There are hundreds of things that a home inspector checks, so it’s important to prepare if you have specific things you want to focus on.When the home inspector is finished, he or she will produce a home inspection report, a document with all the details of the findings of the inspection.

Be Present During the Home Inspection

This may be obvious, but make sure you are present for the home inspection.  You will get a lot more out of being there than by trying to read the home inspection report afterward.  You want to learn as much as possible about your new home.  The inspector will show you how the systems work. They’ll also point things out that are currently acceptable but will need maintenance down the line.  

Make sure you have ample time scheduled to be there. A home inspection in a North Park or South Park Home typically takes around 2-4 hours. This, of course, depends on the size of the house and how much access space is under the house and in the attic. Most of the homes in this part of San Diego do not have basements like in the Mid-West or East Coast. Here, we have crawl spaces, and some are not very big. So, for this reason, it can take some time for a diligent home inspector.

This is your future home - you don’t want to miss something important because you are thinking about another appointment.  Be attentive, and don’t be afraid to ask questions.  


Your Realtor - The Buyer’s Agent

Your Realtor should have the number of several trusted licensed home inspectors to choose from. You don’t want to hire an inexperienced home inspector that misses things during the inspection. Also, your Realtor should go through the seller's disclosures with you and make sure that you understand what is in them. If the seller is aware of any issues or malfunctions, hopefully, they have noted them in these disclosures.

Technically, you have 17 days to remove the home inspection contingency if you did not change that in your offer. Although, a good Buyer’s Agent will reduce the timeframe to 10 days to appeal to the sellers so that your offer looks better than your competition.  This is why an organized Realtor is crucial - you’ll need someone who’s on the ball to make sure this part of the process goes smoothly.  For more info on getting your offer accepted, check out this article.

Seller Disclosures Before Your Home Inspection

Your Realtor should ask the listing agent to provide the disclosures before you have the inspection done. This will help since the seller would have put anything and everything that they know about the home in these documents. There may have been things that the seller already repaired. By having them in front of you, you can have your inspector look at those areas.

Home Inspection Checklist

It is a good idea to make a buyer home inspection checklist beforehand.  This way, you will be able to ask the home inspector about it and make sure that they address the question of concern.  

 

  • Water Intrusion - It doesn’t rain much in San Diego, but when it does, you want to be dry when you’re in your home!  A wet crawl space is a sign the house floods when it does rain so ask the inspector if there dampness.  You can check for damp odor yourself.  Also, if the house has the original roof, there could be a leak or two - look in the attic for water stains.  This can tell you something about the roof’s current condition.  Check around the windows for any signs of leaks.  Make sure the drainage of the property is good by checking the condition of the gutters.

 

  • Electrical System - A home inspector will check the performance of the electrical panel for voltage drop and grounding. He doesn’t have to check all the outlets/light switches so it’s a good idea for you to check so you can ask about any faulty outlets you may discover.

 

  • Exterior - Look at the condition of exterior walls, porch, and surrounding areas like a patio/front garden.   Replacing concrete is costly and labor intensive, so take note of the condition the of driveway, walkways, sidewalk in front of the house.

  • Foundation - A fundamental part of the house.  Fixing can be very expensive, so make sure the foundation is in good order.  Your realtor will have trusted resources for foundation contractors and structural engineers so make sure to put this to use.

 

  • Plumbing:  The obvious is making sure all the plumbing fixtures work.  The inspector will check the water heater.  It may pass the inspection, but you can ask how soon it needs to be replaced.  Also, you don’t want the sewer line cracking after you’ve moved in, so ask the seller if it has been scoped for signs of damage. You should also have a plumber scope the sewer line during your inspection period as well.

 

  • Heating/cooling system:  Set the thermostat to a cold temperature, like 60 degrees, and see how cold the air coming out of the vents get.  If it doesn’t get that very cold, the system will probably need to be serviced.  Often, when newer systems are put in, the old system will be left underneath the house.  Ask the seller if it’s been removed, or you’ll have to do it yourself.

 

What to Expect from the Seller

 

Every case is different, so it depends on how much information on the home was listed upfront. If all inspections, reports, and bids were presented upfront, before you submitted an offer, there is not much to expect that a seller will fix. If these items were not presented up front and instead they are discovered during your inspections, this is different. Again, it depends on the seller's motivation, what kind of market we are in and how reasonable, you, the buyer are being when asking for repairs. If the house comes back with major unexpected issues and the seller is not willing to renegotiate, then you may want to move on to the next property. If the seller will renegotiate, this can be a possible win-win for both you and the seller.


Conclusion

Once the house is yours, all the quirks that go with the home are now yours too.  The great thing about the home inspection is that if it comes back that the house has major issues and you do not want to deal with this, you can cancel within your contingency period and move on.  When you’re aware of what you’re getting into, or knowing beforehand that you’ll have the choice to walk away completely, you’ll feel more confident about Buying a Home. For more tips on feeling confident when buying, read this article.










25th Home Sale Charity Program

by North Park Real Estate Expert-Metro San Diego

We Are Giving Away $5,000 This Year!

Logo of 25th Home Sale Charity Program

On March 15th, The McT Real Estate Group kicked off our first annual 25th Home Sale Charity Program, where we give away $5,000 across five local charities as voted on by members of our communities.

Somewhat like the NCAA’s March Madness Elimination Rounds, we have a similar process of our very own!

20 of the top nominations will be included up and through April 16th  

Round 1 will be from April 17th – May 1st. Here is where the five charities that receive the most votes will move on to the next round, which runs all the way through the closing of our 25th Home Sale.

We are super excited to have the community be part of the giving this year so don’t forget to participate. Whether you put notifications on your phones, post reminders to your friends across their social media platforms, or give them reminders in person. Remember to nominate and vote by going to www.marymctsoldme.com/25th-Home-Sale-Donation go towards the bottom of the page and fill out your name, email and write in the name of your nomination in the box provided under the email section or simply email charitychoice@marymctsoldme.com and let us know who you wish to nominate.

Here is your chance to make a difference in the lives of those who really need our help. The McT Real Estate Group, along with every non-profit group that is participating are very thankful to you for taking that time and voting.

3420 Dwight Street,San Diego,CA - Open House

by North Park Real Estate Expert-Metro San Diego

Come join the McT Real Estate Group at our sneak preview Open House today and tomorrow, March 11th and 12th from 1-3 at our new listing located at 3420 Dwight Street in North Park.

This is a darling Spanish Style home with lots of charm on one of the few cul-de-sacs in North Park's Urban Neighborhoods.

We will be hitting the MLS on Monday so come be the first one to take a look before the competition.

3420 Dwight Street

5- Tips to Buying a Home in San Diego with Confidence

by North Park Real Estate Expert-Metro San Diego

If you feel tense about Buying a Home in San Diego, you are not alone.  Many people fear they will not qualify for a mortgage, and put off applying for one as a result.  Don’t let this common misconception hold you back. Find out what your buying power is. There is a good chance that you are eligible for a loan and do not know it.

 Below are tips that will help you with Buying a Home in San Diego with confidence  Tips to buying a home

1) Home-Buying Counselors

Speaking one-on-one with a certified counselor is a great place to start.  The U.S. Department of Housing and Urban Development (HUD) provides consumers with free or low-cost counselors that can help you become educated on the various aspects of Buying a Home.

There may be tools available to you that you are unaware of, and a counselor can point them out to you.  Have you heard of an FHA Loan? A common misconception is that a buyer needs twenty percent down in order to buy a house.  With a credit score of 580 or higher, you could get FHA loan (a mortgage insured by the Federal Housing Administration) with a down payment as low as 3.5 percent.

 Additionally, if you are a veteran, you maybe be eligible for a zero-down loan through the U.S. Department of Veterans Affairs.  Click here to find a counseling agency near you . If you would like a list of local lenders that we have been working with for many years, let us know and we can send you their contact information as well

 

2) Do your Own Research Upfront 

 The more you know about mortgages, the less intimidated you will feel.  Learning a few basics will greatly improve your confidence when applying for a mortgage.  In addition to Mortgage counselors, there are many resources available online to help you get you up to speed.  For example, NeighborWorks America, is a non-profit organization devoted to educating consumers on homeownership, has tools and information available on buying your first home.

 

3) Determine your financial situation

 Sit down and crunch the numbers.  You’ll need to determine your gross income - the money left over after health insurance costs, contributions to retirement/savings accounts, etc.  As a general “rule of thumb, housing expenses should be no more than 30 percent of gross income.  Keep in mind that often there will be maintenance costs such as fixing an unexpected leak in the roof, clogged plumbing, ect.  Set aside a minimum of $5,000 thousand for these costs.

After assessing your financial situation, you may find that it’s not the best time for you to buy.  If this is the case, you can determine what steps you need to take to prepare yourself for confident home-ownership.

 4) Explore Different Options

 Don’t jump at the first mortgage loan you are approved for. If you have started working with a local Realtor, ask them for a few different lender referrals. Getting quotes from different lenders will give you options to choose from, and the power to negotiate a better rate, saving you money. Preparing a list of important questions for lenders will help you compare them and choose the right one.  Also, be aware that renegotiation of mortgage rates is possible even after you lock your rate in. There are also fees that some lenders can remove or assist you in paying for closing costs. Ask your lender about these options as well as the different types of loans out on the market that will suit your needs.

 5) Work with An Experienced Local Realtor

 Reach out to a few local Realtors. Drive through the neighborhood where you would like to buy a home. If you keep seeing the same Realtor on signs of homes that have just sold, give them a call. Ask your friends or co-workers for referrals. If they have had a great experience with their Realtor and or lender, they will happily give their contact information out. Call the Realtor and make a phone or in-person appointment with them. If you feel that you will make a good fit, work with them. They will be able to guide you through the process and complexities of Buying a Home. They will be in constant communication with whichever lender you end up choosing and together, be able to help you through the process of finding the perfect home for you with the best loan possible that you feel comfortable.


Conclusion - Know that you are building Wealth  

Property Value in San Diego has steadily risen since 2012 and continues to rise.  When you buy a home, you are making an investment that will appreciate in value, and as you pay off your mortgage, you are building your wealth.

If you would like to speak to the McT Real Estate Group about the possibilities of Buying a Home in San Diego, contact us right away. We would love to help.

 

North Park and Normal Heights Real Estate Market

by North Park Real Estate Expert-Metro San Diego

2017 begins with lots of excitement and activity within the Real Estate Market in North Park, Normal Heights, South Park and other Metro Neighborhoods in San Diego.

First, we have a darling two-bedroom bungalow located at 3675 Meade Ave. in Normal Heights that will be going on the market for sale on January 17th. This home has an open and spacious kitchen with rich wood cabinets, granite countertops, and stainless steel appliances. There are wood floors throughout and a nice size backyard featuring water wise turf, alley access and a one car garage with a very long driveway for those who have more than one vehicle. 


Normal Heights is an exciting place to live if you like being able to walk to some of the most amazing Restaurants, Cafes, and Shops. If you like having great walk-ability, then come check out this little gem.

 

For a quick SNEAK PREVIEW of a few of our upcoming homes for sale, click on the link below.

3675 Meade Ave Living Room

 

We also have a beautiful three bedroom Mid-Century Home located at 2505 Boundary Street in North Park, within the McKinley School Boundaries that is going on the market for sale tomorrow. In order to truly appreciate this house, you must open the front door and step inside. It is spacious with a very nice layout. The open kitchen floor plan is wonderful for those who like to cook and entertain, as it opens up to the dining room and has a large island where one can gather and be part of. San Diego’s indoor-outdoor living is one to take advantage of and this home shows this off nicely. There is a beautifully designed deck and pergola off of the dining room with gorgeous views of the tiered leveled backyard. Lots of love has been put into this home and it shows.

2505 Boundary Street

 

For more info on these homes and in San Diego’s most sought after neighborhoods’, contact the McT Real Estate Group. 

Should You Buy or Sell a Home in San Diego's Hot Market?

by North Park Real Estate Expert-Metro San Diego

Should You Buy a Home or Sell a Home in San Diego’s Hot Market?

Home Drawing

 

Buying a Home or Selling a home in San Diego can be very emotional and stressful for the most part. This is mostly true for the traditional/conventional buyer or seller but not so much for the home investor. If you are an investor that keeps homes or one that buys a home, remodels it and turns around and sells it right away (known as a flipper), it is all about the numbers. If the numbers work, then you move forward. If they don’t, you move on to the next one.

For the average person Buying a Home it is more about loving the home you are getting ready to buy. It is also about the neighborhood, neighbors and the environment around you. Of course you also want to make sure that the home that you are ready to buy is also a good investment; however, it is more of a place to call home. You want to be able to see yourself living there in the next 5+ years or so.

Here in the North Park and South Park neighborhood of San Diego, we are still experiencing a very hot market and in many cases the homes we sell are receiving multiple offers and offers that are going over list price. If you are a seller, this is an amazing feeling and opportunity. On the other hand, if you are a homebuyer and have lost out on other homes because you were outbid, this can be very stressful and discouraging. To make this a little less stressful, it is imperative that you work with an experienced Mortgage Lender as well as a Realtor that is an expert in the neighborhood and with the complexities that come with getting your offer accepted. This person should be a strong negotiator your behalf, and making sure that you understand every step of the way so you can make the best-educated decisions throughout the process.

The same holds true with the Mortgage Lender that you choose to work with. It is usually best to go with a local lender that understands how Real Estate in Southern California works. This is not to say that you should not work with a lender that is in another part of the Country. We are just sharing our experience of the last 12 years. Things usually go a bit smoother when the lender is local.

If you are thinking of Buying a Home or selling a home in the North Park or South Park Communities of San Diego, give the McT Real Estate Group a call, text, or shoot us an email. We are here to help.

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