Education 
Articles that deal with real estate lessons and practice that can be helpful for professionals and consumers.
There are currently 22 blog entries related to this category.
Short Sale and Foreclosure - Carlsbad, Encinitas, Cardiff
Thursday, April 26th, 2012 at 11:16am. 93 Views, 0 Comments.
Home many short Sales, foreclosure homes and resale homes make up the coastal market?
We have many clients that are curious about foreclosure & Short Sales - and how much they make up of the current market. The numbers below are for a 12 month period. Below, you can see REO property is currently shrinking and short-sale home increasing. This is due to more people short-selling as opposed to letting the bank foreclose. Resale homes, or traditional homes, still make up a majority of the marketplace on the coast. (Want more info? Contact Tyson Lund)
For the following cities: (Carlsbad, Encinitas, Cardiff)
| Territory Market Recap* | ||||||||
|---|---|---|---|---|---|---|---|---|
| Active | In-Escrow | Closed (List Side) | Total | |||||
| REO | 75 | 5.6% | 109 | |||||
Carlsbad Condo Market Report - April Update
Tuesday, April 24th, 2012 at 10:52am. 41 Views, 0 Comments.
Carlsbad condominium and town home sales are robust in 2012. Carlsbad saw an average 50 units sell a month in April versus an average of 25 in 4th quarter 2011. The results of continued low mortgage rates and reduced inventory, Carlsbad condo's are securing 98% of asking price with the average 2 bedroom, 2 bath 1,400 sq.ft. condo selling for $324,000. Average time on market is around 51 days for traditional sale property, a time that has moved down from 55 days in previous months. Average sale prices have remained relatively unchanged since 2011. Similar to single family homes, condos are become more scarce in 2012. Month(s) of sellable inventory for condos in Carlsbad is 2.2 months. Search Carlsbad Condo and townhome properties for sale
Market Update... this video sums it up - HOT
Monday, April 16th, 2012 at 2:12pm. 62 Views, 0 Comments.
Very low inventory and great rates make for an ideal time to sell. We're seeing multiple offers on many of our well priced listings.
http://youtu.be/DH0--W48LT4
If you are thinking about selling... NOW is the time to call the Lund Team - 760.438.0800
Real Estate Forecast: Warren Buffett Says Buy!
Monday, March 19th, 2012 at 11:16am. 105 Views, 0 Comments.
Great article I was just sent... this is the best time/market to invest for the long term in Real Estate
http://www.ibtimes.com/articles/306749/20120229/real-estate-forecast-2012-warren-buffett.htm
Please give us a ring at 760.438.0800 to discuss opportunities we have available.
Carlton Lund Honored by Carlsbad Chamber of Commerce
Monday, February 20th, 2012 at 10:26am. 141 Views, 0 Comments.
http://youtu.be/G7RMSUNTZhM
Wow... Check out the Interest Rates!
Tuesday, February 7th, 2012 at 2:00pm. 184 Views, 0 Comments.
Great Time to Buy... First home, Move Up or find the ideal Rental!!
30 Year fixed Purchase Loans
3.75 % Conforming: (loan amounts under $417,000)$231.56 per $50K (Calculate at $50,000 increments to figure P&I pymts)
4.00% Jumbo (loan amounts up to $546,250)
4.25% JUMBO, AND… 5/1 is only 2.625% (APR 2.7)
FHA (up to $697,500)/VA (up to $417,000)
3.75
15 Year fixed
3.375% Conforming
NON-OWNER OCCUPIED
1 Unit 4.375%
3-4 Unit 4.75%
Carlsbad Market Summary - 2012
Wednesday, January 25th, 2012 at 4:52pm. 149 Views, 0 Comments.
Carlsbad and General Market Summary:
Tyson Lund - Broker Associate , The Lund Team, Inc
Active
real estate brokers are noticing a shift in the San Diego real estate
market. Many areas of the county are experiencing fewer homes for sale
than in previous months. Professionals call this “inventory restriction”
and it is having a noticeable affect on our local Carlsbad market. An
increase in the number of home buyer showings per available home.
Average time to sell in the current market for non-short sale property
has dropped by 33% to 60 days average market time. Brokers are finding
multiple offers more common on their desirable listings with the seller
achieving near 99% of their asking price. Now although it is much…
Carlsbad Condo Stats For 2012
Monday, January 23rd, 2012 at 11:37am. 84 Views, 0 Comments.
Carlsbad condominium and town home sold values remain unchanged through 2011 and early 2012. Thanks in part to low mortgage rates and greater affordability, attached property has found a pricing equilibrium. The average attached sale in Carlsbad between November 2011 and January 2012 remain relatively unchanged from a year prior at $326,000. Home buyers found with record low mortgage rates (currently below 4% for 30 year fixed rate) the cost of owning a condo / townhome was often equal or better to paying current rents. Average time on market is around 55 days for traditional sale property. Short-sale’s are a large part of the attached market in Carlsbad making up 40% of the active inventory. Short-sales, ever the…
Buy a home with 1/2 of 1% down!
Wednesday, January 18th, 2012 at 11:34am. 86 Views, 0 Comments.
A new product from a Lund Team, inc preferred lender allows a qualified buyer to purchase with as little as ½ of 1%. That is buying a $400,000 home with $2,000.
If you can say “Yes” to all of the following you qualify for this mortgage:
• Must be an FHA 30 Year Fixed Rate
Loan
• 2nd Mortgage not to exceed 3% of the Sales Price
• 2nd Mortgage proceeds can be used for Down Payment or Closing Costs
• Property MUST be Owner-Occupied
• Borrower can not own other properties
• Borrower must meet Income Limitations (call for details) SAN DIEGO $89,880
and Orange County $101,040
• Borrower DOES
NOT have to be First Time Buyer
• Minimum FICO Score 620
• Second mortgage is a 15 year fixed rate…
Selling in a slower winter market
Tuesday, October 18th, 2011 at 10:16am. 313 Views, 0 Comments.
With North San Diego county feeling the effects of seasonal slowing (i.e less homebuyers buying), many homeowners consider waiting for spring to sell their property. Here is a generalized argument for selling now:
-
Less competition from those unwilling to sell during the holidays creates an advantage. Less competition means better chance to sell.
-
Low sales in winter set the "comparative sales" used by appraisers and brokers to gauge value. Low foreclosure/short-sale sales will make it difficult for today’s highly cautious appraisers, buyers and brokers to approve higher sale values within a 6 month period. In short, get ahead of the curve.
-
Current low interest rates are encouraging to buyers. Rates can fluctuate…
