How the Federal Reserve’s Rate Hikes Will Affect Real Estate
In a move that has been anticipated by Wall Street for months, the Federal Reserve Open Market Committee finally announced that the Federal Funds interest rate will be raised 0.25%. The rate had been at 0% since 2008, a decision that was made in the midst of the recession in order to stabilize the economy. Some anticipate the Fed has …
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The Latest in Encinitas
Encinitas decorates tallest living tree in the county Encinitas residents, local businesses, and service clubs once again sponsored Encinitas’ annual tree-lighting ceremony on December 4th. The Norfolk Island Pine is located on 4th and C Street and has been the tallest living holiday tree in the county for over two decades. This beloved community landmark can now be seen throughout …
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Financing a Home The Right Way
Determine a Price Range Decide what kind of mortgage you can afford, and stay as realistic as possible. Yes, owning a home is an investment—but it’s only a smart investment if you spend what you can afford now. Manage Debt Mortgage lenders typically look for those with debt less than 35 percent of their annual income. In order to qualify …
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Local Real Estate Market Trends of November 2015
Below are the latest market updates from the North San Diego County Association of Realtors for Encinitas and the surrounding area. For more details, click here. Encinitas 83 detached single-family homes for sale Average 2014 sales price: $1,462,837 Average 2015 sales price: $1,266,778 12 attached single-family homes for sale Average 2014 sales price: $784,154 Average 2015 sales price: $587, 721 …
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Real Estate Activity Highlights from the NSDCAR’s Monthly Report
The North San Diego County Association of Realtors have recently published their Market Activity Monthly Indicators research. Here are the most notable pieces of information, and here is where you can view the full report for more details. A Positive Outlook Residential real estate is experiencing its best year since the recession. Housing demand is healthy, and that is expected …
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How to Prepare for a Home Inspection
- Real Estate Tips
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- December 10, 2015
When preparing to sell your home, a property inspector will need to conduct a home inspection in order to assess value. If you can, attend the inspection yourself– and don’t be afraid to ask questions! Below are some tips to make sure nothing important gets overlooked. Remember, the details matter, too. Outdoors Clean out gutters and any debris that has …
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California Smoke Alarm Requirements
Here are the current requirements regarding smoke alarm installation in California, from the California State Fire Marshal. For more details, see the bulletin here– and stay safe by using smoke alarms to protect you and your family from house fires! Where are smoke alarms required? In each sleeping room Outside of each sleeping room On each floor Where are smoke …
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There’s Plenty to do in Encinitas This December
Here are just a few highlight of what’s to come this week! For even more holiday events, check out the City of Encinitas’ calendar of events. Wednesday, 12/9 Handmade Holidays: Custom Wooden Ornaments, 9am-12pm. Lux Art Institute, 1578 South El Camino Real. $35, $50 Stamp, paint, bedazzle, and bejewel your own set of three wooden ornaments to adorn your holiday …
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More Real Estate Terms You Should Know
More Real Estate Terms You Should Know Affidavits A binding statement in a real estate transaction document made by either buyer or seller that states the status of any potential legal issues with the property. For example, that the seller is not in active bankruptcy, that there are no liens against the property, or that the seller owns the …
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The Best Reasons to Own a Home
What are Some of the Best Reasons to Buy a House Today? If you’re currently renting a house or an apartment in Encinitas, you may wonder if buying is the next step you should take in the future. After all, getting a home isn’t an easy since you’ll have to deal with expenses beyond the home’s price, including maintenance, mortgage …
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