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(760) 434-5000

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Category Archive: ‘Bubbleinfo TV’

Rates Keep Rising

 

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Rates keep having bad days:

Mortgage rates spiked abruptly today, bringing them to the highest levels in well over 2 years.  The average lender is now quoting conventional 30yr fixed rates of 4.25% on top tier scenarios with more than a few already up to 4.375%.  You’d have to go back to the summer of 2014 to see a similar mortgage rate landscape.

The impact on the market, in simple terms:

Fewer prices will seem attractive, but the obvious ones will draw a crowd.  Buyers will be pickier, and will wait longer to see if sellers will come down.

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Posted by on Dec 1, 2016 in Bubbleinfo TV, Interest Rates/Loan Limits, Jim's Take on the Market | 2 comments

Carmel Valley New Listing

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Holy cow – only $729,000 for a spectacular detached-home in gated Trilogy!

This is one of the premium locations high up the hill and away from road noise. The kitchen has been updated with new stove, refrigerator, dishwasher and backsplash, plus there is new carpet, new paint inside and out, hardwood floors, and the backyard is a tropical oasis with privacy!

Located in the coveted Del Mar school district too – where the least-expensive detached home for sale today is $899,000 – WOW!  Close to the I-5 Bypass/Carmel Mountain Rd. exit – skip the traffic jams – and only 3 miles to the beautiful Torrey Pines State Beach!

http://www.zillow.com/homedetails/11311-Carmel-Creek-Rd-San-Diego-CA-92130/16777923_zpid/

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Open 12-3pm Saturday and Sunday!

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Posted by on Nov 17, 2016 in Bubbleinfo TV, Carmel Valley, Jim's Take on the Market, Why You Should List With Jim | 0 comments

Disclosing Up Front

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The real estate industry is famous for pushing only the positives – and poo-pooing the negatives.  Under frenzy conditions, buyers get caught up in the hustle, but these days they are paying close attention – and being more demanding about what they get for their money.

Most want a turn-key home, with little or no work required, and most will pass on a house like Bluff in spite of the attractive price.  But for those who don’t mind doing some work, the disclosing of the issues up front is appreciated.  They feel more comfortable making an offer, and they are more likely to stick once the home inspection confirms what they already know, instead of being full of surprises.

Posted by on Nov 6, 2016 in Bubbleinfo TV, Jim's Take on the Market, Listing Agent Practices, Open House, View, Why You Should List With Jim | 1 comment