NEW LISTING! (SOLD!)

3Bed-2Bath-1,272 sq. ft.

Priced at $498,000-$529,000

Bring offers! VRM $498K-$529K! Beautiful Poway home tucked away on end of a quiet cul-de-sac. Mature trees provide privacy and the long driveway allows for plenty of parking. Situated on a massive lot with custom built patio cover that creates large outdoor living space perfect for entertaining. Inside find slate floors, granite counter tops, and spacious open concept living area along with efficient dual pane windows. Close to shopping, dining, parks, award winning Poway Schools.

NEW LISTING! (SOLD!)

4Bed-2Bath-1,458 sq. ft.

Priced at $749,900

Beautiful Poway pool home on rarely available 1 Acre lot w/ tons of potential! Property zoned for horses & boasts multiple fruit trees, 7 enclosed garage spaces for all your toys, private back access to property & ample remaining space for all your great ideas! Home is move-in ready, new roof, new heat & A/C, new dual pane windows, doors, new carpet, paint, new dishwasher & more! Located in prestigious Poway Unified School District, close to shopping dining & beautiful Old Poway Park. Don’t miss this one!

**NEW RENTAL ALERT!** (LEASED!)

3Bed-2Bath-1,773 sq. ft.

Asking $2,450/mo

Beautiful single level Rancho Bernardo gem in 55+ community. Enjoy this quiet and serene setting with backyard forever views! Home boasts spacious and open living area with fresh paint and new engineered hardwood flooring in bonus room! Newer kitchen with solid surface counters, gorgeous white cabinets and laminate flooring! New central AC, heat and ceiling fans in most rooms! Enjoy access to the beautiful community center featuring clubhouse, pool, exercise room, organized clubs, activities and more! This home is close to all shopping, dining and freeway access.

**New Listing Alert!** (SOLD!)

INVESTOR SPECIAL!

8,600 sq. ft. lot ready to be transformed!

$399,000 or best offer!

Bring Offers! Investors welcome! Great opportunity to own a home in the prestigious Poway Unified School District. Large usable corner lot with potential to add square footage. Fixer home.

Some homeowners opt to sell their residence without a real estate agent to get around paying a commission and make more of the profit. Forty-eight percent of people who sell without a real estate agent think that if they sell themselves, they’ll end up doing a little extra work in exchange for not paying a commission or closing fee. According to the research, however, what they actually get is a lot of time spent hustling to make the sale and a final selling price that is less than what the market can bear.

Do you have a lot of extra time to market your home and do all the work to meet and greet properly? Are you versed in local trends on the housing market and know the latest regulations for closing a sale? Do you have a list of potential buyers ready to view your home? Eighty-nine percent of all homes sold in 2015 were sold with the assistance of an experienced real estate professional, according to the 2015 Home Buyers and Sellers Profile. Most leave it to the professionals, yet there is still a small group of people who prefer to do it themselves. Eight percent of home sellers chose to list themselves, known as For-Sale-By-Owners (FSBO) home sales. That number has steadily declined since 2004 where only 82 percent of all home sales were agent-assisted and 14 percent of homes were listed FSBO. FSBO sales are currently at an all-time low since data collection began in 1981.

Let’s break it down further. Thirty-eight percent of all FSBOs—that’s only three percent of the total home sales in 2015—were homes sold to people where the buyer knew the seller selling to a friend, neighbor, or family member. However, 62 percent of FSBO home sales—five percent of total homes sold—were sold by the owner to someone they didn’t know. According to the 2015 Home Buyers and Sellers Profile report, sellers cited creating yard sings, listing their homes online on multiple websites, spreading the news through word of mouth, putting out classified ads, displaying on social media, hosting an open house, and registering with the Multiple Listing Service (MLS) database. That’s a lot of work just on marketing and finding potential buyers.

The time it takes to sell a home on the market was roughly the same for FSBOs and for agent-assisted homes, the median time listed was four weeks for both groups. A third of all homes were sold in less than two weeks last year. Most FSBO homes sales were located in a resort area (16 percent), rural area (15 percent), or a small town (13 percent). Seventy-five percent of FSBO sales were detached single-family homes. Ten percent were mobile or manufactured homes. FSBOs typically had lower incomes than those who worked with an agent. The median income of FSBOs was $84,000 and for those who sold through an agent was $105,600. Those who sell themselves have the perception that they have less money to pay for assistance when selling their home and opt to go it alone.

As it turns out, FSBO make less money on their home sales than buyers who work with a real estate agent. According to the report, the median selling price for all FSBO homes was $210,000 last year. When the buyer knew the seller in FSBO sales, the number plunges to the median selling price of $151,900. For homes sold with the assistance of an agent, the median selling price was $249,000 ̶ almost $40,000 more for the typical home sale. According to NAR’s 2015 Member Profile, sixty-nine percent of all real estate agents get paid by a percentage commission split between two agents representing the buyer and seller.

Talk to an agent and find out what they suggest for the commission and then do the math yourself. The closing price for the agent-assisted seller is likely going to be way above an FSBO. In reality, homes sold by the owner make less money overall. Based on these closing numbers, why not save yourself time and make more money by working with a real estate agent that is excited to sell your home?

SOURCE: Realtor.org | Amanda Riggs

***New Listing Alert!*** (SOLD!)

2Bed-2Bath-1,440 sq. ft.

Priced at $119,000

Beautiful, fully upgraded home in one of the best parks in San Diego! This gem sits on corner lot and boasts NEW carpet, paint, central AC/heat and window coverings! Gorgeous kitchen has solid surface counters, subway tile back splash! Large living area perfect for entertaining, enclosed bonus room too! Relax on your private, peaceful patio and side yard! Large storage shed included! Ample guest parking next to home! Rent controlled park with low fees boasts beautiful lake, pool, spa, clubhouse and more!

Visit http://156fallsviewln.isnowforsale.com/ for more info and photos!

More home owners now have equity. About 46.7 million residential properties with a mortgage had equity at the end of the first quarter of 2016, according to data from CoreLogic. Home equity rose year-over-year by $762 billion.

In the first quarter alone, 268,000 home owners regained equity, which boosted the percentage to 92 percent of all mortgaged properties with equity.

“In just the last four years, equity for home owners with a mortgage has nearly doubled to $6.9 trillion,” says Frank Nothaft, chief economist for CoreLogic. “The rapid increase in home equity reflects the improvement in home prices, dwindling distressed borrowers and increased principal repayment. These are all positive factors that will provide support to both household balance sheets and the overall economy.”

More than 1 million home owners have escaped the negative equity trap over the past year, adds Anand Nallathambi, president and CEO of CoreLogic.

“We expect this positive trend to continue over the balance of 2016 and into next year as home prices continue to rise,” says Nallathambi. “If home values rise another 5 percent uniformly across the U.S., the number of underwater borrowers will fall by another one million during the next year.”

Still, 4 million — or 8 percent of all homes with a mortgage — remain in negative equity territory. But the number of negative equity properties has been steadily dropping. In comparison to the fourth quarter of 2015, negative equity properties dropped 21.5 percent year-over-year.

Five states accounted for 30.2 percent of negative equity in the U.S. The states with the highest percentage of homes in negative equity are: Nevada (17.5%); Florida (15%); Illinois (14.4%), Rhode Island (13.3%); and Maryland (12.9%).

On the other hand, the states with the highest percentage of homes with positive equity in the first quarter are: Texas (98.1%); Alaska (97.8%); Hawaii (97.8%), Colorado (97.5%); and Washington (97.2%).

Source: CoreLogic