GoDebi Blog

Top Producing San Diego County Realtor's perspective on the market

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San Diego Real Estate Market Changing-Hire the Best agent you can afford and let them work their magic!"

Debi Krichbaum

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North San Diego Market conditions changing

The tables are turning in North San Diego County! The Seller’s Market enjoyed by owners over the past 18 months is changing. Homes are sitting with longer market times, buyers are refusing to pay listing price. Price reductions are becoming very common and at the local Broker’s Home Marketing Meetings the term “Sellers are extremely motivated” are becoming standard comments.

What is my advice if you are a seller? Get realistic about your goals. If you need to sell in the next 30-60 days to accomplish getting to your next housing opportunity, reduce aggressively (not 1-2% of current list price but rather 3-6%). Remember, if you are going to be a buyer you will enjoy the same situation when you put in an offer.

If you are a buyer, get yourself in the strongest position by putting your financials in place before you put in the offer. A cash offer with a 10 day escrow, huge deposit and 5 days to inspect catches the attention of most sellers.  You’re saving them an entire house payment with a fast closing so they can pass this savings back to you in the form of price reduction. If you need a loan to purchase, turn in full loan application, pay stubs, tax returns, w2′s, P&L (Self Employed), have clean credit and do not purchase anything with credit over the next 60 days. Shrink contingency dates from the standard 17/21 on most CA contracts to 10/14 to get the seller’s attention.

Hire the best Realtor in your local neighborhood to represent you. Ask to see how many homes they have sold within a 5 mile radius of the property.

Investor Clients, the flattened prices and sluggish buyer activity will put you in the driver’s seat in the near future. Think longer term, buy, rent and hold versus buy fix flip. This strategy will create a solid return much better than the tiny margins you’re seeing currently on flips. Local rents are solid and lack of rental homes inventory nsure fast placement of quality tenants.

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You go Girl! Recently, I’ve noticed a number of smart buyers and sellers who fit this category. Good for You!!

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Is Eco-Friendly or Sun Power on your house’s “Gotta Have It” list?

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Some houses are just better than others...

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Hey, where are all the people we used to call middle class?

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Don’t try this alone!!!

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Our National Heroes deserve this!!

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Throw Tradition out the Window!

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Using downpayment.car.org is as easy as 1,2,3!

Learn how to use this powerful search tool that will help you identify available down payment assistance programs in your target real estate area.

Buyers-Here are resources for down payment assistance! It’s easy to see if you qualify.

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5 posts! Guess I have alot to say!!

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A company in France called PopUp House has designed affordable, prefabricated buildings made of parts that snap together like LEGOS. They’re made of solar-powered insulated wooden blocks and screws. That means they not only go up easily in a style called passive construction, but they also require no active heating or cooling systems. Green looks cool!

This article is super interesting!

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Are you born between 1977 and 1992? You are a millennial. Here is where most surveyed like to live.

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Buying a home requires credit, do you know where your score falls? Always know this before you begin to look at houses. A professional Realtor can suggest a loan specialist who can make the financing part a success.