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Jul. 3, 2008
Categorized in: House Hunting
Buyers in our area, and others, are now confronting a new issue in their real estate transacation - the APPRAISAL.
Having a home appraisal is NOT new, of course, and most buyers (and sellers) typically anxst over the appraisal until it is completed, since the bank will not issue a loan commitment until the underwriter has the complete file and reviews the appraisal.

Today's market, wtih declining prices in many areas, and the increasing number of short sales, foreclosures, and REOs (bank owned properties) is creating problems in many communities with appraisals which are, increasingly, coming in below the agreed-upon purchase price. Banks are tightening standards (only 3 months allowed for comparables, not 6) and appraisers themselves are being more closely scrutinized.
You may be relocating to a market very different from your current one and may find this to be more of an issue, or possibly less.
Is this a concern?
In many markets it should be. And as a prudent buyer there are things you should know, and do.
Read There's a New Source of Anxiety here.
This is just one more GOOD reason to make sure you are working with an agent in your relocation who really knows the local market and can help avoid some of these issues.
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If I can provide more information about Carlsbad and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by
phone or text at (760) 840-1360 or email me at JDowler@remax.net.
All content copyright © 2007 Jeff Dowler
Apr. 28, 2008
Categorized in: House Hunting
If you have been through it you probably already know this. But maybe not.
Or you have forgotten if you bought a long time ago (and things have changed).
Buying a home, whether you are doing this for the first time or are experienced at it, really IS like having a second job, at least a part-time one. Especially if you take your house hunting seriously and want to do as good a job as you can.
The market is complicated, as are the state laws that govern how real estate transactions must occur. And if you are relocating and must both sell and buy, I would say this really becomes a full time endeavor, as least for the time it takes to get both sides of the transaction completed.
Unfortunately, I think many get into the process without giving serious thought to how much time it can take...and should if you go about it correctly.
Read more about this part time job of house hunting.
Dec. 17, 2007
Categorized in: House Hunting
So you are ready to make an offer on a Carlsbad home (or elsewhere).
Are you new at this? Or do you already know the drill?
Heere are some thoughts on what to expect (keep in mind the process may vary a little bit in different states - but this is how we do it in California).
First, decide on an offer price, perhaps the most important thing you need to do...read more on making an offer here.
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Start your CARLSBAD HOMES SEARCH here (and other San Diego communities)
Download FREE BUYER AND SELLER REPORTS here
Visit CARLSBAD COMMUNITY REPORTS for profiles on communities, subdivisions and neighborhoods (including other areas)
Are you a first time home buyer. Check out First Time Buyer Central.
Jun. 30, 2007
Categorized in: Due Diligence
This is a strong recommendation for both buyers and sellers, whether you are a first time buyer, first time seller, or experienced in both buying and selling. And if you are relocating to a new state this is even more important since things are likely done differently there than what you may be used to.
READ your contracts.
Let me say that again. READ your contracts.
I have seen several recent situations where buyers and sellers got into hot water because they made assumptions about their transactions, only to later find out those assumptions were wrong. Once things are signed, or the deal is completed, it is too late to find out that something important was missed, or forgotten, or you agreed to something that you wish you hadn't.
Unless you are obsessive, you probably don't like taking time to do this (I am the same way). Contract language is not fun to read, and is often hard to understand. It is certainly boring. But important details an easily be missed.
- Check dates
- Make sure things are spelled correctly
- Review ALL financial stuff to ensure it is correct
- Is the address right?
- Are all the blanks filled in that need to be?
- Is your SS# correct (in the closing docs usually)
- Make sure you read terms and conditions, AND understand the implications of them, and what happens if certain procedures are not followed.
Make sure you ask about things you are unclear about before proceeding. It might save you some major aggravation later.
Have a great weekend!
Jun. 27, 2007
Whether you are buying or selling as part of your relocation, I suspect most of you will want to work with an agent in order to accomplish the goal of sellling your home and buying a new home.
You may have already selected that person. Or maybe plan to use the agent that helped you before and who did an outstanding job. Or a good friend who you trust has given you a referral. GREAT. You are on the way.
Maybe, however, you are looking for an agent, along with doing other research on home buying and home selling. The Internet is a great way to do this - but I imagine many of you already know that. If not, you will be amazed at what you can learn.
Say you are relocating to Carlsbad, CA (yep, my home town). Go to Google and type in Real Estate Agents in Carlsbad, CA and what do you find?
You will see a link for ACTIVERAIN, a fabulous real estate networking site with agents, loan officers, home staging professionals and many others from around the country. The link takes you to a list of professionals in California, and you will see that I am #5 in California (but #1 as a real estate agent - 3 of the top 5 are mortgage brokers, all excellent by the way - I know them - and the top guy is president of a real estate software company - I know him too, and I use his virtual tours in my marketing). There is a tremendous amount of information here if you take time to look at it, and it doesn't cost you a thing. Sort of like an on-line interview, in the comfort of your home.
This is the important stuff you can learn:
- Each agent (or other professional) has a profile so you can learn more about who they are and what they do. This may answer some of your questions about someone you don't yet know and give you a feel about their experience and personality. It may help you decide if you would like to work with them or not.
- Each of us write blogs on ActiveRain, such as the one you are reading here. For example, on ActiveRain I write about all sorts of things for consumers - information for first time sellers (or seller articles such as Is Your Home Sale Being Sabotaged?), things to know as a buyer, how to find an agent, market reports and community profiles, and so on. You will find probably everything you need to know in your quest to buy or sell a home, plus learn a lot about the areas you are considering living in when you relocate. What a fabulous source of information, even if you aren't ready to buy or sell yet.
- Our blogs tell us who we are (this is part of transparency on the Internet) - in reading the articles that each person writes, you will learn a great deal about them. Their integrity, knowledge, and approach to working with clients. Their personality and temperament. Again, it is like having an interview, or reading their personal biography. So, without even having met the agent, you will know enough in many cases to make you WANT to work with that person. You will feel you already know them when you meet.
I know this is a bit of promotion, but I want to help YOU find the right person to assist in your home purchase or home sale. And ActiveRain is a terrific resource. Once there you can search for professionals in your STATE and COMMUNITY. Some people will share alot of information and others will not. What does THAT tell you?
Now this is important...
The other bit of research I would suggest is to simply GOOGLE the name of the person who are thinking of working with, of the referral, or the person you find on ActiveRain. What do you find? You may not even find the person you are considering on the Internet. Hmmmm. What does THAT tell you? On the other hand you may find all sorts of information. Don't you want someone who is active in their business, who can demonstrate their knowledge, and who uses technology? And certainly take a few moments to visit their personal
One last helpful hint...
Go to LOCALISM. This is a resource for buyers and sellers, and you can search nationally to find out all sorts of things on areas that interest you. Since you are planning to relocate, this is a terrific place to start learning about your new community. Once again, some areas will have lots of information (I write a great deal about Carlsbad, for example) and others will have less.
Good luck! I hope you find this helpful. Let me know if I can answer any questions. And I know a lof of the highly ranked agents around the country...so ask me about them if you like.
Mar. 19, 2007
Should you interview your buyer agent? As a REALTOR in Carlsbad that works with both buyers and sellers - yes, I think so.
If you are a buyer, whether a first time buyer or experienced, read my posts on having a Buyer Presentation BEFORE you make the decision to hire that agent.
Good luck. If you have any questions, please let me know.
Feb. 17, 2007
I wrote a post the other day for ActiveRain (a real estate network I blog on regularly) that really meant alot to me. And it touched a lot of people, too.
It was directed to some first time buyers I am working with, and all that I have learned from them during the process. We haven't reached our goal yet, but the journey has been a terrific learning experience, with some hurdles to overcome and others we could not get beyond. But that's part of the journey we all go through when buying and selling.
So I wrote this to thank them. Here it is.
Oct. 8, 2006
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Have you ever thought about WHY having a home is important to you, or what the advantages are to you and your family or friends? Since you are more than likely not a first time buyer at this point, those reasons may already be obvious. But if not, I wrote a bit about this on my blog about First Time Buyers.
Above is a tranquil view of the sun setting off the coast of California - lots of people living near the coast stop by the beaches in the evening to watch views such as this.
Sep. 30, 2006

If you are a first time buyer, owned a home in the past, or perhaps have not bought a new home for many year (things have changed!!), there is some helpful information that may be of interest on my new blog for First Time Home Buyers. There are also some related reports that are free by email on my website.
"Nobody grows old merely by living a number of years. We grow old by deserting our ideals. Years may wrinkle our skin, but to give up enthusiasm wrinkles the soul"
Samuel Ullman
Sep. 12, 2006
I recently posted an article on my other blog, Fans of Coastal San Diego, about zero down loan programs for first time buyers (or buyers who have not owned a home for 3 years or more). I also talk a bit about secondary loans for downpayment assistance (up to 3% of the purchase price) and assistance with closing costs. Check it out. If you need more information, let me know. I have a great loan person in the San Diego area - can help throughout Cali and other states as well) who would be happy to answer all your questions and help you get approved. These programs are for California, and there are income and other guidelines. But income guidelines are pretty generous for individuals and families. Hope you find this helpful.
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