Home & Garden

The community of Del Cerro is located in central San Diego County, California. The community is located off Interstate 8 at the College Ave exit.

The real estate and homes for sale in Del Cerro fall into the low to moderate income-categories. The number of homes sold in a particular year is relatively high. For example, during the period from January through July 2006, approximately 137 single-family homes sold. Approximately 142 homes sold for the same period in 2005.

One method to analyze pricing trends for a particular community is to evaluate the median and average price of homes for a particular month, and compare that data against the same period last year. What follows is a comparison of the median price and average price of homes for the past seven months (January through July 2006), compared against the data for the corresponding time period in 2005.

The median price of homes represents the point at which half the homes are above a particular price point, and half the homes are below a particular price point. The average price of homes is calculated by adding up the sales price of all homes sold in a particular month, and dividing that value by the number of homes sold.

The median price of homes in July 2006 was $632,000, compared to $590,000 in July 2005, which represents a 6.2 increase. The average price of homes in July 2006 was $680,557, compared to $620,571 in July 2005, which represents a 9.9% increase. Approximately 21 homes sold in July 2006 and 20 in July 2005. In summary, there was an upward price trend in July 2006 compared to the same period last year.

The median price of homes in June 2006 was $557,500, compared to $545,500 in June 2005, which represents a 2.1% increase. The average price of homes in June 2006 was $622,327, compared to $613,060 in June 2005, which represents a 0.80% increase. Approximately 13 homes sold in June 2006 and 30 in June 2005. In summary, there was an upward price trend in June 2006 compared to the same period last year.

The median price of homes in May 2006 was $620,000, compared to $615,000 in May 2005, which represents a 0.8% increase. The average price of homes in May 2006 was $652,730, compared to $604,844 in May 2005, which represents a 2.7% increase. Approximately 30 homes sold in May 2006 and 16 in May 2005. In summary, there was an upward price trend in May 2006 compared to the same period last year.

The median price of homes in April 2006 was $560,000, compared to $680,000 in April 2005, which represents a 17.6% decline. The average price of homes in April 2006 was $597,593, compared to $726,804 in April 2005, which represents a 17.8% drop. Approximately 27 homes sold in April 2006 and 23 in April 2005. In summary, there was a downward price trend in April 2006 compared to the same period last year.

The median price of homes in March 2006 was $557,000, compared to $635,000 in March 2005, which represents a 12.3% drop. The average price of homes in March 2006 was $639,667, compared to $655,836 in March 2005, which represents a 2.5% drop. Approximately 21 homes sold in March 2006 and 25 in March 2005. In summary, there was a downward price trend in March 2006 compared to the same period last year.

The median price of homes in February 2006 was $594,750, compared to $530,000 in February 2005, which represents a 12.2% increase. The average price of homes in February 2006 was $664,679, compared to $565,882 in February 2005, which represents an 18.5% increase. Approximately 14 homes sold in February 2006 and 18 in February 2005. In summary, there was an upward price trend in February 2006 compared to the same period last year.

The median price of homes was $595,000 in January 2006, compared to $512,500 in January 2005, which represents a 16.1% increase. The average price of homes in January 2006 was $713,909, compared to $575,470 in January 2005, which represents a 24.1%. Approximately 11 homes sold in January 2006 and 10 in January 2005. In summary, there was an upward price trend in January 2006 compared to the same period last year.

So what does the data tell us? Well, the data above does not reveal a consistent pattern. Early in the year (January and February 2006), home prices were up year-over-year in the range of 12% to 24%. However, prices were down 2% to 17% during March and April 2006, compared to the same time last year. And then, for the last three months (May, June and July 2006), moderate price gains were observed ranging from 1% to 10%. Given the ups and down described above, a longer period of evaluation is needed to determine if a clear pattern emerges. Contact an experienced Realtor to obtain additional insights about the pricing trends in the Del Cerro real estate market.

Modern two storey, 3 bedroom, 1 study, modern kitchen, dining room, living room, large garage and minutes walk from Karori Shops.

Immaculate townhome in convenient Persimmon Hill. New 2 inch faux wood blinds, remote controlled 3-sided fireplace that separates living and dining room, sunroom with tile, remote controlled fan and it’s own heating and air system, the backyard is landscaped with a 6 ft privacy fence, beautifully painted throughout the home with updated lighting fixtures and ceiling fans. Downstairs is the eat-in kitchen, dining/living room combo, a half bath, master suite with large walk in closet. The garage has an extra storage closet. Upstairs features 2 more large bedrooms, 2 storage closets in the hallway and full bath. A rare find towards the front of the neighborhood. Walmart, Lowe’s, banks and dining within walking distance. Trident, Northwoods and I-26 a short drive away. HOA includes water, sewer, lawn care (except inside fence), outside hazard insurance, use of the pool, road maintenance. Really, what else do you need?!

Pacific Beach is located on the central coast of San Diego County within the 92109 Zip Code. If you are interested in Pacific Beach real estate, then you should find the information below useful. The following summarizes sales data for detached single-family homes and attached condominiums and townhomes. This sales data covers the period from July 1, 2006 through July 31, 2006.

Approximately 18 detached single-family were homes were sold during July 2006. Of these 18 homes, the average asking price was $992,598. The average sales price was $946,211. This results in a sale price/list price (SP: LP) ratio of 96%, meaning that on average, sellers obtained 96% of their asking price. The average time to sell a home was 55 days.

A detailed evaluation of these 18 single-family homes is provided below.

a. Five of these homes had two or fewer bedrooms. The average list price was $702,400. The average sales price was $689,000. The SP:LP was 98%. The average time to sell this type of home was 57 days.

b. Nine of these homes had three bedrooms. The average list price was $1,089,975. The average ales price was $1,031,867. The SP:LP ratio was 95%. The average time to sell this type of home was 52 days.

c. Three of these homes had four bedrooms. The average list price was $1,025,000. The average sales price was $968,333. The SP:LP ratio was 95%. The average time to sell this type of home was 63 days.

d. One home sold with five or more bedrooms. The average list price was $1,470,000. The average sales price was $1,395,000. The SP:LP ratio was 95%. The average time to sell a home was 50 days.

Approximately 25 detached condominium or townhomes were sold in July 2006. The average list price of these 25 units was $650,072. The average sales price was $620,772. The SP: LP ratio was 96%. The average time to sell these units was 55 days.

A detailed evaluation of these 25 units is provided below.

a. Eighteen of these units had two or fewer bedrooms. The average list price was $536,877. The average sales price was $510,527. The SP:LP ratio was 96%. The average time to sell this type of unit was 65 days.

b. Six of these units had three bedrooms. The average list price was $926,166. The average sales price was $886,333. The SP: LP ratio was 97%. The average time to sell this type of unit was 28 days.

c. One of these units had four bedrooms. The list price was $1,031,000. The sales price was $1,011,800. The SP: LP ratio was 98%. The unit took 16 days to sell.

If you are interested in the Pacific Beach real estate market, contact a San Diego Realtor to assist you with the home buying process.

I have been looking into getting a bachelors degree at Arizona State University in real estate. I am also planning on moving to texas after college, can my licensing transfer over there, or do I have to take classes again? I am guessing that after I got my degree, I wouldn’t have to take classes again, can someone confirm this?

How much schooling do I need. Do I need to work for someone else after I am done with school and take a test? Is there a difference between agent and broker? I am at a crossroads and am considering real estate here in San Antonio.

Owing a home is a big part of the American dream. But not everyone is fortunate enough to become a homeowner due to delimiting factors such as insufficient income, bankruptcy, bad or no credit, loss of employment, etc. For people with such troubles, owning a home is a distant dream and some of these people resign themselves to a lifetime of renting. But such people are not without options. Rent-to-own, which is also known as a lease-purchase option, can be an excellent alternative available to some people who are currently unable to buy a home.

A rent-to-own or lease-purchase option is an agreement between a prospective home buyer and a home seller. The agreement is basically a rental contract with a right to purchase the property after a period of time (usually 1 year). When a home seller offers a lease-purchase option, what they are really offering is the option to rent the house at some monthly rate, and to lock in the sales price of the home now, even though the prospective buyer would not actually purchase the house until a later time (if at all).

Here is a hypothetical example. Let’s say the monthly rent for a home is $1700. Under a lease-purchase option, a prospective buyer would rent the home for the $1700 a month, but would also pay an additional premium (e.g., $200-$300) every month for the option to buy the home after a period of time (usually 1 year). So in this example, the total monthly rent is actually $2000, but $200-$300 of the money will be applied toward buying the house at a later time. In other words, the home seller would apply the $200-$300 extra paid every month toward the prospective buyer’s down payment at the end of the year.

The good news for prospective home buyers is that it allows them to lock in the purchase price of the home now, even though they are not purchasing the home until a later time. The bad news is that if a buyer decides not to purchase the home at the end of lease term, the seller often keeps the premium amount paid over the year, although this is usually a point of negotiation.

Prospective home buyers should know that many of the terms described above are negotiable such as how much the monthly rent will be, how much extra has to be paid every month for the option fee (if any), the length of the lease term, etc. The other issue to consider is if it makes sense to lock in a home purchase price now in markets where real estate prices are still declining.

When compared to renting, a lease-purchase can be an attractive alternative because it gives prospective buyers an opportunity to own a home before they normally would be able to. There are some advantages to a lease-purchase option such as:

1) Low or No Initial Down Payment. Many lease-purchase options do not require an initial down payment.

2) Equity Advantage. At the end of the lease term, the value of a home may have appreciated over time, which benefits the purchaser.

3) Living Experience. Prospective home buyers have the opportunity to try out a home and neighborhood before purchasing the property.

4) Leverage Advantage. With just a small investment, a prospective buyer can control a property; yet still have the option of not buying the home if market conditions don’t warrant it.

Rent-to-own or lease-purchase option can be an effective strategy to home ownership. However, there are both positive and negative aspects to this type of approach (as described above). A good real estate agent can help you navigate the complex world of rent-to-own and lease-purchase option properties.

“TOP FIVE REASONS TO OWN A PROPERTY IN NIGERIA”

The Nigerian Real Estate Market is yet to be fully tapped and for the few investors already in it they are well to do. This is because the sector is yet to be fully tapped into. Population Explosion- Nigeria has a population of over 140million people as at the last census exercise in 2006. This simply equals to a large demand for shelter across the nation, and most especially in the commercial areas of the country.  E.g. Lagos, Abuja, Port Harcourt, Aba and Onitsha. The Federal and State Governments of Nigeria have got a little impact and contribution in providing homes and shelters for their citizens. This has created a large vacuum in the Real Estate sector, so big a Vacuum that the ever increasing population has surpassed the number of government housing projects. The ratio thus is alarming- 1 in every 100k people live in government owned houses. Demand over Supply- going by the number of people currently based in Nigeria and the number of new businesses on the increase in the country it is imperative to say that the demand for both Residential and Commercial Accommodation has shot up 100% and counting.  The Fifth Reason why you should own a property in Nigeria- is for you to be play a role in filling the large gap in the sector. There is no asking if it’s a sure and viable area to invest, this sector is yearning for both small and large scale investment. And returns on investment is guaranteed 100%. check our website for property listings WWW.FSBO-HOME.BIZ/1933

Hello, I’m an aspiring real estate investor. I’ve done my research and would like to buy a foreclosed home at a lowered price in the Mississauga area. How would I go about finding out where they are located? Should I just go ask the local banks?

The American Dream is often paired with owning one’s own home.  For decades Legislator’s have protected that dream with allowing home owners to claim the mortgage interest paid on their homes as a tax deduction.  With a possible phase out of this deduction, could the dream fade?

“There are no cows more sacred in the tax code than the deductions for mortgage interest and property taxes. Together, they add up to at least the $ 75 billion annual subsidy for housing and Homeowners. ” The New York Times.

In 2002, 37.2 million taxpayers claimed the deduction, writing off $336.6 billion, or about $9,000 per taxpayer. Representing about 37% or so of itemized deductions, it was slightly more than itemized deductions for deductible state and local taxes, and twice as much in deductions as charitable donations.  Clearly, the mortgage deduction is important and worth a huge amount of money.

In 2005 it was estimated that:

* The mortgage interest deduction will cost the Treasury $72.6 billion, according to congressional estimates.

* The $250,000 and $500,000 tax-free exclusions of home sale profits for single sellers and joint filers, respectively, will cost $23 billion .

* Property tax write-offs cost $20 billion, and tax subsidies for local and state housing bond programs account for $1 billion.

When a congressional committee examined the distribution of homeowner benefits for 2004, it found that people earning $200,000 and more a year – just one-half of 1% of all homeowners filing for deductions – pocketed 22% of the $70.2 billion in write-offs in 2004.

In 2007, Rep. John D. Dingell (D-Mich.) unveiled a draft of his “carbon tax” legislative reform package. Part of this draft legislation was a phase out the mortgage interest deduction on large homes. The phase-out schedule for the mortgage interest write-off, beginning with houses of 3,000 square feet, which would lose 15 percent of their deductions, and ending with houses of 4,200 square feet and larger, which would receive no deductions at all.

Dingel said: “In order to address the issues of climate change, we must address the issue of consumption-we do that by making consumption more expensive.”

Naturally, with the real estate market bust, the Dingell package was shelved. Once the housing market recovers, lets’ say two years from now, it’s a very good bet the administration will be looking hard at ways to increase taxes to pay down the huge bailouts. The unusual financial troubles and the move to green, will be the perfect time to push through such legislation.  Unlike the Dingel proposal ,which was aimed at larger homes, the future legislation will most probably cover all mortgage interest deductions. To increase its’ chance at passage, it is a good bet it will be a phased in plan with deductions decreasing over a number of years.

To get the reversal of the sacred deduction started, President Obama’s impending budget proposes a cap on the mortgage interest rate deduction.  Couples earning $208,850 or more would loose the deduction. Where currently households at the 33% and 35% tax rates are allowed the deduction, Obama would reduce their deduction to only 28% of the value of those payments.  This is likely a first step to what seems to be a total elimination of mortgage tax deduction.  If (when) this passes, Obama will find it easier to lower the earning cap for the mortgage tax deduction, leading up to an even lesser amount in the future.  It seems on the horizon that the mortgage interest rate will be only for low income earners.