California Senate Bill 183 was signed into law which requires the installation of Carbon Monoxide detectors in rental units, and dwellings that are being transferred (sold) after July 1, 2011.

July 1, 2011, Carbon Monoxide detectors will be REQUIRED in houses that are being sold if they have any of the following:

  • Any gas appliances such as a gas stove, gas furnace, gas fireplace, gas water heater.
  • A fireplace
  • An attached garage (even if there are no gas appliances in the house!). Cars emit CO
  • ANY rental dwelling.
  • As of January 1, 2013, ALL houses that meet the criteria listed above will be required to have Carbon Monoxide detectors. Even those that are not being sold will be required to have them just like smoke detectors.

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I was talking to friend today and he was not sure if now was the time to buy.  He was certain prices were going to fall.  Now he may be correct, but we wanted to see if his waiting would really save him money. 

We did a hypothetical exercise; we compared 2 scenarios.

  ·         1st - Buying today at today’s current market price and interest rate

·           2nd - a future date where the speculative market prices had dipped an additional 10% and the interest rates had moved back up to the 6% range. 

Guess what we found out?  In this example his waiting would have cost him! I included the numbers below.                                    

1st  Purchase Price $540,000.00                           2nd Purchase Price $600,000.00    

Down…

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We at the Lund Team had the pleasure of sitting down with Brenda and discussing the newest trends in trusts and real estate. After coffee, we asked Brenda if she would like to contribute to our blog.  Below are the top three mistakes she sees people make in regards to real estate trusts.  Enjoy!

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These are the most common mistakes I see in my practice every day. There are many myths and misconceptions out there about estate planning and real estate. This article is designed to help you recognize and avoid the most common mistakes families make in the passage of their real estate to the next generation and help your family save thousands of dollars in unnecessary taxes and probate fees.

Mistake #1: Not Understanding How Your Assets…

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Market Update: June 13th, 2011

Carlsbad's 92011 is experiencing higher levels of inventory that both seller's and buyers should take notice.  With over 125 homes for sale and 17 homes selling per month, the area has roughly 7 months of available homes to sell.  The average home in Carlsbad's 92011 is larger and more expensive than elsewhere in the city at 2,500 sq.ft for $700,000.

At the Lund Team, we take notice of how many homes there are to sell in select market areas.  The 92011 makes up Aviara, Poinsettia Park, West-I5, Water's End, Bay Collection - a number of very different communities.  

When inventory levels rise, we take notice as it means more competition. The average inventory levels in other areas of the city is between 4 and 5…

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836 Luminara Way, San Marcos, Ca  92078

http://www.youtube.com/lundteam#p/u/1/bv_V80OChEU video tour

Model quality home near $500k for almost 2,500 sq. ft.  Bank's ready to look at offers now that the first party feel out of escrow.  We have a handful of offers the first week on this one.  Please give us a ring to discuss 760.438.0800

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2841 Cottingham Street, Oceanside CA 92054

Just got the list price - $324,900 for almost 2200 sq. ft. Bank Owned!  Turnkey opportunity in Mesa Pines neighborhood of Oceanside. Fresh paint. New Carpet. New Appliances and More. Spacious rear Yard. Elevated lot with Views. Open Floorplan. Fireplace in Living Area. Community Pool.

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KidsAreWorth 

Carlton, Tyson, Jennifer and baby Abigail stand with Valin Brown, CEO of Carlsbad Education Foundation.  The Lund Team has donated every year of the Kid's Are Worth A Million campaign.  The event raises money for Carlsbad schools and education. 

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