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 oxymoron, are averaging…

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Spacious 3BR/2BA single story home in established neighborhood. New carpet and fresh interior paint! Formal living room with fireplace. Move-in ready condition with updated kitchen and bathrooms. New kitchen appliances. Attached 2-car garage. Large, private backyard. Oversized view deck with BBQ and fire pit. NO HOA, NO MELLO ROOS!

Listed at $299,900 - Call The Lund Team at 760.438.0800 or email reo@lundteam.com thanks.

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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 loan

 

ONE-HALF OF ONE PERCENT DOWN PROGRAM

Contact…

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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 and change.  Higher…

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Popular HACIENDAS at RANCHO CARRILLO! Traditional sale! Striking Spanish Colonial architecture with highly upgraded interior. The gourmet kitchen: nook area, food preparation island with breakfast bar, gorgeous granite slab countertops, stainless steel appliances, built-in refrigerator. Bedroom and bath on first floor. Plantation shutters, hardwood floors, beautiful wrought iron stair railing. Private backyard with built-in BBQ and fire pit. PRICED UNDER $200/SF!

 

5 Bedroom + Bonus, 5.5 Bath and Approx. 4,345 sq. ft.

 

Complete video tour: http://www.youtube.com/lundteam#p/u/1/KZAk5ZL8ZZQ

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The Los Angeles Times

Mortgage rates hold steady, Freddie Mac survey says
The interest rate on a 30-year fixed mortgage held steady this week at a 60-year low while the 15-year fixed loan edged down to a new record low, mortgage finance company Freddie Mac said in its weekly rate snapshot.


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HousingWire

Five more years of housing problems, with some stability in local markets
The housing market remains shaky and is unlikely to deliver significant growth in prices over the next five years, according to a new survey of economists, real estate professionals and analysts.

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The Los Angeles Times

Sales of previously owned homes jump in August
The number of homes sold increased 7.7 percent in August compared with July and…

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http://www.youtube.com/watch?v=5bUbAclMs9U

5 Bedroom, 3 Bath and Approx. 2,888 sq. ft.

Popular Sandpiper at Aviara! Largest plan "The Club House" with 5BR/3BA. Lower-level bedroom currently used as home office. A large family area includes a gourmet kitchen with center work island and nook which is open to a spacious family room with fireplace. Formal living and dining rooms, dramatic volume/vaulted ceilings, full bathroom downstairs Private backyard with waterfall, elevated view deck, lush landscaping, patio area, and fire pit.

Call 760.438.0800 for additional information

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WHAT YOU NEED TO KNOW ABOUT UPCOMING CHANGES TO FHA LOANS

As you may know, unless Congress extends the expiration deadline, Federal Housing Administration (FHA) loan limits set in 2008 will drop significantly beginning October 1. Congress raised the loan limit amount in response to the housing crisis to help spur the homebuying market. FHA loans offer borrowers very competitive rates and terms, and they only require a 3.5% down payment. Allowable debt ratios are higher than the typical debt-ratio limits imposed for conventional loans, and there are no income limit qualifications, so more people can qualify for them.

If the loan limit drops on October 1, many California homebuyers will face higher down payments, higher mortgage rates and…

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Approximately:

 

30 Year fixed Purchase Loans

4.125 % (APR 4.128%) Conforming: (loan amounts under $417,000) $242.32 per $50K (Calculate at $50,000 increments to figure P&I pymts)

4.5% (APR 4.51%)Jumbo (loan amounts up to $546,250)

4.625% (APR 4.72%) JUMBO, AND… 5/1 is only 3.375% (APR 3.38) & 7/1 3.625% (3.69 APR) at 2,000,000

 

FHA/VA

4.125% (APR 4.127%)

 

15 Year fixed

3.125% Conforming (APR 3.171%) $348.30 per $50K

 

NON-OWNER OCCUPIED

1 Unit 4.75% (APR 4.79%)

3-4 Unit 5.0% (APR 5.11%)

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