Janet McCarthy San Diego Realtor

Open House - Escondido

Spacious (1902 sq. ft) single story 4 bedroom - Open house this Sat. & Sun 1-4pm

Enjoy over $45,000 in UPgrades - everything beautiful and new - dual paned energy efficient windows, front door with leaded glass, laminate floors, granite tile countes, wood kitchen cabinets, stainless steel - stove, microwave, dishwasher and refrigerator included, new carpet, new bathrooms, paint, ceiling fans AND sparkling pool.

Open House both Sat and Sun 1-4pm

1121 N. Rose St. Escondido 92027

Vacant, not a short sale, not a foreclosure.

See this beautiful 4 bedroom Escondido home at the Open house this weekend. Buy today before interest rates go up and save thousands.

Janet McCarthy

Keller Williams Realty

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Listed by Chad Power - Power Real Estate Group

Did you know the average renters net worth is $4000 and the average homeowners net worth is $184,000?

Down Payment Assistance Programs - San Diego.

One of the biggest obstacles in buying a house is saving enough money for a down payment. FHA loans require 3.5% of the purchase price for the down payment. On a $400,000 purchase that is $12,000, but you also need money for the closing costs and pre-paid expenses which include taxes, insurance, pre-paid interest and private mortgage insurance if you have less than 20% for the down payment. Total those items up and you need approximately an additional $12,600 for closing costs.

Here's how those numbers break down

Purchase price - $400,000

3.5% down payment - $12,000

Est. Closing costs - $12,600

Amount needed - $24,600.

Often buyers can ask for the sellers to pay their closing costs ( sometimes they say yes). Although FHA only requires 3.5% for the down payment the more money a buyer can pay toward the purchase price the lower their monthly payment.

There are many down payment assistance programs in both the city and county of San Diego. A key home assistance program is the Shared Appreciation loan program which allows buyers to obtain up to 17% of the purchase price toward down payment assistance.

In the example above a buyer with only 3.5% down payment would have a monthly payment of approx. $2700.00. If they used the Shared Appreciation loan program and received 17% or $68,000 for their down payment their monthly payment would only be approx. $2400.00 - a savings of $300 a month or $3600/year.

Down payment assistance with the Shared appreciation loan program details

Must be 1st time home buyer ( no home ownership in the last 3 years)

Maximum income limits are Family of

1 $44,000

2 $50,250

3 $56,550

4 $62,800

5 $67,850

6 $72,850

Shared Appreciation loans have a 30 year term

No monthly payments of principal or interest are required.

If the owner remains in the property for a full 30 years and has complied with the terms and conditions of the loan, the shared appreciation provision will be forgiven.

After 30 years only the npaid principal balance will need to be repaid.

This down payment assistance program can really help buyers reduce their monthly payments and potential be able to buy a more expensive home. Eligible properties are all single family homes, townhomes and condominiums located within the City of San Diego. The maximum purchase price is $451,250.

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Home for rent in Rancho Penasquitos - 4 bedrooms.

Finding a rental house has become like finding a needle in a haystack - almost impossible. Considering all the displaced homeowners from foreclosures and shortsales and the general lack of rental housing if you've been looking you've come to realize it is'nt an easy chore.

I have a wonderful home for rent in Rancho Penasquitos - 4 bedrooms with one bedroom and bath downstairs. Living room, family room with fireplace, large kitchen laminate floors, tile indoor laundry room and a big private backyard that has a fantastic view.

Enjoy living in this Rancho Penasquitos home and it's easy access to freeways, stores and schools - it's part of the Poway Unified School district and the award winning Los Penasquitos elementary school is only five minutes away.

This 4 bedroom, 2007 sq. ft house is available July 1st.

Call or contact today to set-up a showing appointment.

Homes for Rent in Rancho Penasquitos can be found but it's a lot easier with the assistance of a Realtor.

Did you know that it's almost easy to buy a house than it is to rent these days. With the down payment assistance programs available, first time homebuyer programs and low interest rates you should seriously consider making the change to being a homeowner.

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Janet McCarthy

Keller Williams Realty

858-243-5719

How to buy a house in San Diego

Buyers often want to contact the listing agent to write an offer on a house. I'm assuming they are driving in the neighborhood, see the sign and call the number. I understand the desire to see the house and the convenience of just calling the number of the listing agent from the sign posted in the yard.

However, there seems to be a belief that if you write an offer with the listing agent you will get a better deal. A better deal meaning you can offer less than the asking price. My best guess is that this idea comes from the thought that if there is only one agent the seller won't have to pay a buyers agent.

The listing agent must protect the financial interests of his seller and therefore when you write an offer with the listing agent you do not get someone who is representing your best interests, remember the listing agent is working for the seller - not the buyer.

Although a Realtor can become a dual agent - represent both the buyer and the seller, a buyer really ends up without any representation. In the case of dual agency the buyer does not save money because they don't have an agent, the commission that would have been paid to the buyers agent is not collected by the listing agent. In other words if enter into a dual agency the agent will be paid both commissions.

If you want to buy a house in San Diego - or anywhere - you need a buyers agent to represent your best interests. The listing agent has a fiduciary responsibility, contractually outlined to the seller, not to the buyers.

A Buyers agent represents the buyers best interests

A Buyers agent educates buyers about the transaction - contracts, forms, reports, market information, physical inspection reports, title reports, taxes, escrow, and more...

A Buyers agent analyzes and studies market conditions and activity

A Buyers agent is an adviser and advocate for the buyer

A buyers agent gives you the inside information and details

If you want to buy a house in San Diego, if you want someone to help you get the best deal and terms, if you want a custom search of new listings, if you want to be the first to receive market information and if you want to be confident that you will find your dream home - than you need a buyers agent.

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Foreclosure - San Diego - Open House

This bank owned foreclosure has 4 bedrooms, 2 fireplaces, new dual paned windows and a large backyard - everything you want. If you've been looking at foreclsures you've probably noticed that many are in bad condition. The previous owner was struggling and didn't have the money to make repairs and maintaince.
When the bank takes these homes they usually simply put them ont he market and wait for an offer. This house is different and you'll be able to see the difference today at my Open House.
Open House - Today - 1-4 pm
9393 Sawtooth Way
Rancho Penasquitos only has 7 foreclosures available and this is the biggest, in the best location and in the best condition.
This weekend is the unofficial kick-off of the Spring buying season. The recent news article about home prices dropping I believe will inspire a lot of activity and I predict a very busy weekend. Come visit me at my Open House and get all the inside information about this foreclosure and all the foreclosures for sale in San Diego.

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