Educational articles about current real estate market trends, financial information about mortgages and financing, tax breaks or incentives for homeowners, and other topics that are beneficial to home buyers, sellers, or other real estate professionals.

By Garrett Lund

Selling your home can be a daunting task if you don’t know where to begin. One of the keys to a successful home sale is finding the right agent to guide you through the process and ultimately ensure that you get the best price possible. When you’re looking for the right real estate agent to fit your needs, consider these 5 tips.

Finding the Right Real Estate Agent1.    Find an Experienced Agent

While this might seem like a no-brainer when it comes to choosing your listing agent, it is the cardinal rule in making your selection. Many agents may dabble in real estate part-time or think that they can make a quick buck by becoming an agent. The truth is, an experienced agent brings a wealth of knowledge to your home sale from previous experience such as knowing the…

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By Tyson Lund

Celebrate Carlbad Day Photo Via CEFThe Carlsbad Educational Foundation is teaming up with LEGOLAND® California for Celebrate Carlsbad Day™ on Sunday, May 4th by offering deeply discounted tickets to the community. The funds raised from the sale of these tickets will benefit the Carlsbad Educational Foundation, which provides grants to the Carlsbad School District for music, science, and other innovative education projects.

You can purchase tickets to LEGOLAND® for $25 (normally priced $83 for Adults & $73 for Children 3 & up) or for SEA LIFE Aquarium for $8 (normally priced $20 for adults and children 3 & up).  These tickets will be good for admission to the attractions Sunday May 4th from 1 – 8pm, which is 3 hours longer than the regular closing time.  Student performances…

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Tyson LundThe Lund Team’s own Tyson Lund will be a panelist at tomorrow’s Conversations 2014: Real Estate Summit presented by North San Diego County Association of Realtors at the California Center for the Arts in Escondido.  The event promises to be provocative and unlike other symposiums that shy away from “touchy” subjects by encouraging conversations about how the current political climate will affect the future of the industry, as well as who the future home-buyers will be.

During the first segment, panelists will discuss whether for-sale housing as we know it has a future and how new laws will affect the market. The second segment, during which Tyson will be presenting, will address whom the buyers of tomorrow will be and what Realtors need to do differently…

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Press Release from C.A.R:

"Forgiveness Debt Relief Act, which will for one more year exempt the taxation of mortgage debt that is forgiven when homeowners and their mortgage lenders negotiate a short sale or loan modification (including any principal reduction).

However, the California exemption expired at the end of 2012, so forgiven mortgage debt is considered taxable state income for now.  A C.A.R.-sponsored bill, SB 30 (Calderon, D-Montebello), passed out of the Senate Governance & Finance Committee this week by a 6-to-0 vote. 

C.A.R. applauds the committee for approving SB 30 with no dissenting votes, and hopes the Legislature will send this measure to Gov. Brown for his signature into law as soon as possible.  Homeowners who are considering a…

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This is the October 2012 article for the Carlsbad Business Journal.  -Tyson Lund

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Fewer homes for sale amidst falling mortgage rates has left North County San Diego’s real estate market in a temporary seller’s market.  A 'sellers market' is defined as a time period when buyer demand for housing exceeds available supply.  A sellers market gives those selling property an opportunity to secure a higher price, sell faster and/or negotiate superior terms than compared to recent comparable sales.   And although only a fraction of the strength of the extreme sellers market 2004-2005 and possibly only temporary, the current sellers market is being confirmed with several key metrics used daily by real estate practitioners..  

Experienced…

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We here at The Lund Team continually look at the ever-changing reams of data for home sales in North San Diego County. Personally, what I find most interesting is the ever shrinking number of REO property during 2012. REO means real estate owned and is an acronym for a foreclosure home.  Short sale homes continue to be a significant part of the coastal real estate market.  find out what a short sale is here.

Carlsbad and Encinitas By The Numbers

For the following zip codes: (92007,92008,92009,92010,92011,92013,92018,92023,92024)


Territory Market Recap*
  Active In-Escrow Closed (List Side) Total
REO 47 3.8% 60 9.8% 845 20.5% 952 15.9%
Short 514 41.3% 130 21.3% 845 20.5% 1489 24.9%
Resale

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I just got this rate break down emailed over to me... wow! Bottom line... makes houses even more affordable. Don't wait. Call the Lund Team at 760.438.0800 to take advantage.

Approximately:

 

30 Year fixed Purchase Loans

 

3.625 % Conforming: (loan amounts under $417,000) $228.03 per $50K (Calculate at $50,000 increments to figure P&I pymts)

3.875% Jumbo (loan amounts up to $546,250)

 

FHA (up to $697,500)/VA (up to $417,000 with 0 down)

3.5%

 

15 Year fixed

3.125% Conforming $348.30 per $50K

NON-OWNER OCCUPIED

1 Unit 4.25%

3-4 Unit 4.5%

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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 16.8% 894 22.1% 1078

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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

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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

 

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