Powered by RealTown Blogs
Carlsbad Relocation A to Z

Description

An informational source for people who are relocating, with a particular focus on moving to the Carlsbad area of North County San Diego (and nearby coastal communities), with advice, guidance and true stories to help you on your way and make it a great journey, from a REALTOR� with plenty of personal (4 major moves, most recently from Boston to Carlsbad, California) and professional relocation experience. Are you running into problems selling your home? Need to find a new one quickly? Never moved before and haven't a clue? You'll find some great tips on how to solve your relocation issues here. Or ask me a question any time and I'll share some solutions or tell you where to get more information. CA BRE Lic. #01490977


My Links

Home
Meet Me
Archives
First Time Buyers
Carlsbad Real Estate News
I'm Sold on Coastal Living
. Digg!


RSS Blog Feed

Categories

Children
Due Diligence
FAQs
Financial Stuff
Finding a REALTOR
First Time Buyers
House Hunting
My Personal Experience
Packing to Move
Pets
Psychology Stuff
Real Estate News
Role of a REALTOR
San Diego Housing
Schools
Selling Your House
The Move Itself
Things to do in San Diego
Why Homeownership
Your New Home
Housing Market
Neighborhoods
Terminology
Humor
Learn About Feng Shui
Research
Internet information
First Time Sellers
Job Hunting
Taxes
For Sale By Owner
Renting
Relocation Tips


Favorite Links

Baby Boomer Website
At Home in Carlsbad
Great Spa Hotels
Carlsbad Real Estate News
Mold 101
Real Estate Blogs - Blog Top Sites

Rate Me on BlogHop.com!
the best pretty good okay pretty bad the worst help?


Enhanced with Snapshots
Blog Directory & Search engine
Ldmstudio Directory
Real Estate Blogs Directory - Directory of real estate blogs and blogs of industries affiliated with and serving the real estate industry.
Find Blogs in the Blog Directory
Site Meter Blogarama - The Blog Directory

Real Estate blogs

Top
Blogs

Archive


January 2010

Shall I Rent or Shall I Buy?

If you are relocating here to Southern California (Carlsbad, Encinitas or other nearby San Diego coastal communities) you may be considering if you should rent or if you should buy.

It's a tough question, and there are pros and cons to both sides. And I have done both

Getting the lay of the land before buying in a new community makes sense. And financially you may need some time to get things in order, especially if you are moving here from a less expensive area, or if your home has not yet sold and you do not qualify for a mortgage until that happens.

It can be a great time to buy, however, for some buyers. The prices are about where they were in 2004, give or take. Mortgage rates are terrific and still in the 5% range  (but that is expected to shift upwards over the next few months so you will pay more each month for the same house). Given the general downward trend in inventory (some communities in my area have less than 5 months of inventory), there is a lot of competition, especially at the lower price points, and we are seeing some upticks in average prices of homes sold.

Will this continue?

Hard to say. Waiting a year to buy could mean you will pay more for your home, both in terms of price as well as in the interest rate.

We could also see more inventory, especially of short sales and Roes, but that can also mean more competition.

But the choice is personal and does depend on your personal situation. If I can help with more information about the market so you can make an informed choice, please let me know.

IF YOU ARE LOOKING FOR A RENTAL:

  • Most of the area rentals will be found on sites like Craigslist and SignOnSanDiego. Landlords can list their properties for free and do not have to pay a fee to a real estate agent.
  • I can also send you rental listings from the MLS but there will be fewer options to choose from.
  • Know that if you have pets, especially dogs, that some rentals have restrictions, either due to the home owner's preference on in the case of the HOA or condo association.

 

********************************

WANNA GOOGLE ME?

  

 

 

Follow Jeff Dowler on Twitter

 

If I can provide more information about Carlsbad real estate 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.

Search for Homes Community Information First Time Home Buyers  How to get in touch with me

All content copyright © 2010 Jeff Dowler


Posted: 8:15 AM, Jan. 21, 2010
Comments (0) | Add Comment | Link
View more entries tagged with: , , , , ,

Some Changes in FHA Mortgages

Listen up if you :

(1) are pre-approved for an FHA mortgage, or

(2) plan to get pre-approved to use an FHA loan to buy a home in your new location.

Money

FHA has recently made some significant changes in requirements and other details about their loans.

You can read more about these recent announcements on the HUD website.

Government sites can be a challenge to wade through all the "stuff."  A friend of mine in Philadelphia, Jeff Belonger, is an FHA expert - his blog article about FHA loans makes these changes much easier to understand.

Some big changes:

  • An increase in the mortgage insurance premium amount
  • A decrease in the amount of concession a buyer can receive from a seller from 6% max to 3% max

 

********************************

WANNA GOOGLE ME?

  

 

 

Follow Jeff Dowler on Twitter

 

If I can provide more information about Carlsbad real estate 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.

Search for Homes Community Information First Time Home Buyers  How to get in touch with me

All content copyright © 2010 Jeff Dowler


Posted: 7:49 AM, Jan. 21, 2010
Comments (0) | Add Comment | Link
View more entries tagged with: , , ,