Carmel Valley’s One Paseo will have 60 affordable units among the 608 apartments being built (no prices announced yet). The processing of the development began in 2009, and the final project ended up being roughly one-third the size of the original proposal. The retail shops and restaurants are expected to open by the end of 2018.
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From Realtor Magazine:
Real estate shopping requires a buyer’s imagination. As a real estate professional, you want open-house guests to be able to picture the household as if they’ve already moved into the property. That’s why staging can make all the difference in the world, especially for an empty house, says Desare Kohn-Laski, broker-owner of Skye Louis Realty in Coconut Creek, Fla.
If you’re having a tough time convincing sellers that staging a vacant home is worth it, here are four compelling reasons that Kohn-Laski shares with her clients.
- Staging plants the idea that a home could be theirs. Buyers will make a good offer at first sight if the mood of a property says, “This could be your next home.” Whether it’s a townhome, condo, or single-family property, Kohn-Laski says it’s worth it to present a home in the best, most inviting light possible.
- Staging puts room dimensions into perspective. This point is important for both listing photos and for showings. “Without anything in it, a buyer will be clueless in differentiating the size of a room even if you give its area measurement,” Kohn-Laski says. “But with some furnishings in it, there will be reference points to at least give them an estimate that this room is actually larger than the other one.”
- Staging emphasizes the positive aspects of a home. Imperfections in walls, floor bumps, missing details in built-in cabinets, and small closets tend to get more attention when there’s nothing else to look at in a vacant home. It’s tougher for buyers to imagine the view from the couch, the dinners at the dining room table, or the cookouts on the back deck.
- Staging curbs negative presumptions. According to seller’s agents, Kohn-Laski says, an empty house typically gives an idea of financial crisis, divorce, and personal problems. Staging dissuades negative assumptions about the sellers, she adds.
Staging a home with attractive furniture and artwork helps buyers envision the possibilities, and give a boost to the online photos, which stimulates more interest. It’s one of the best things to ever happen to home sales:
- Staging enables resale homes to imitate the model-home look.
- For buyers who wanted new, a staged resale home might be close enough.
- A staged home compares more favorably to a non-staged home, and can compete with new homes.
- HGTV shows have trained buyers to expect staging.
For those who want to ensure a good first impression, staging is an ideal option.
John and Exene are playing the Belly Up next Wednesday, and will probably be playing this song. If you’re a fan, you should probably get a hold of me!
Though the number of pendings has been lower recently, the closed sales are about the same as last year. Buyers are probably more reluctant to cancel a sale once in escrow?
NSDCC Action Between Jan 1st and April 10th
Almost three quarters of the sales are over $1,000,000 now!
UGH. The garage is the classic place to put random stuff that you can’t find a designated spot for – at least for me and my family. LOL. A lot of people use their garage more as a free storage unit instead of a place to park your cars.
With that being said, it’s probably time to clean up that storage unit attached to your home! There are many different ideas on how to organize a garage but here are some of my favorites!
1. Keep or Throw Out – First and foremost, go through your entire garage and decide if you should keep it or throw out/donate to charity. A good question to ask yourself is “Have I used this in the past 2 years?”
2. Visibility + Accessibility – Items that are used the most should be kept at eye level or below. Christmas and Halloween decorations can be stored high because obviously, you only use those once a year.ign: justify;”>
3. Shelving, Drawers, and Hooks – About 80% of your items can be stored on shelves. The other 20% can be stored on hooks such as lawn equipment. You will most likely need a combination of shelves, drawers, and hooks. Here are some items you can buy to be more organized!
4. Hidden storage areas – If you’re working with limited space, think vertically! There is such a wide variety of door/wall racks you can buy these days. These are great too if you have a “no shoes allowed in the house” policy.
Here is one for shoes –
5. Bins for Small Parts – There are always random screws and nails rolling around on shelves and floors. Get smaller bins for those smaller parts! If you really want to be OCD, you’ll label those bins too!
6. Sports Equipment – This just needs a separate area to itself because there is always so much equipment! A steel basket is perfect for all your basketballs!
This is a great piece for storing all sorts of equipment like hockey sticks and baseball bats!
7. New Cabinets – Want the max package, and add all-new cabinetry?
The February reading of the non-seasonally-adjusted San Diego Case-Shiller index reached a new all-time high!
San Diego Non-Seasonally-Adjusted CSI changes:
The previous high reading was 250.34 in November, 2005.
“Year-over-year prices measured by the National index have increased continuously for the past 70 months, since May 2012. Over that time, the price increases averaged 6 percent per year,” noted David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “With expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue.”
Sellers should pay heed to the mortgage-rate gods……and do a little better on price, just in case. Rates will be pushing 5% before long.
From the MND:
Mortgage rates moved markedly higher today, officially leaving them at new 4-year highs. The only other time they’ve earned that distinction this year was in February–NOT last week as all the major surveys claimed. To be clear, they were certainly close last week, but the surveys didn’t account for some of the worst individual days in February. Does any of this really matter? No, not so much. Here’s what matters:
The average lender is quoting very well-qualified borrowers with huge downpayments something north of 4.5% on conventional 30yr fixed mortgages today. Let’s call it 4.625%. Up until Friday, that number hadn’t been over 4.5% except for on a few of those ill-fated February days.
Also important is the message that such a move sends. Simply put, the bond market (which underlies rates) could be telling us that it’s getting back into the same gear seen last Fall and in early 2018. In general, that’s characterized by pervasive, relentless movement toward higher rates. The saving grace is that the underlying causes for that movement had already hit markets to some extent in late 2016. So it remains to be seen how much more pain will be priced into rates before more investors feel bonds make sense to own (when more investors buy bonds, rates move lower, all other things being equal).
Today’s Most Prevalent Rates (at little-to-no origination or discount points)
- 30YR FIXED – 4.625%
- 30YR JUMBO – 4.65%
- FHA/VA – 4.25%-4.5%
- 15 YEAR FIXED – 4.0%
- 5 YEAR ARMS – 3.625%-3.875% depending on the lender