Exterior Front Of The Property, Which Rests On A Great Canyon Lot....
Open Floor Plan With A Combined Living Room, Dining Room, Kitchen…
New 200 Square Foot Entertainment Deck Which Faces Swan Canyon...
PROPERTY DESCRIPTION:
Resting On A Great Canyon Lot On Swan Canyon, Just A Few Blocks From Clark Middle School, This Fully Renovated 3 Bedroom 1 & 1/2 Bath Home Offers 1,226 Square Feet & Features An Open Entertainers Floor Plan With A Combined Living Room, Dining Room & Kitchen. The Spacious Living Room Offers New Oak Laminate Floors, Designer Paint Colors & New French Doors That Lead Out To A Mexican Tiled Patio That Offers Sweeping Views Of Swan Canyon & The South Bay. The Living Room Opens Up Onto The New Kitchen, Which Features Dark Maple Cabinets, Granite Countertops, Stainless Steel Appliances & A New Bar Area, That Opens Onto The Dining Room. The Upstairs Features 3 Bedrooms All With Plush Wall To Wall Carpeting, New Mirrored Closet Doors & Great Views Over Looking Swan Canyon. In Addition To The Patio Off Of The Living Room, There Is A New 200 Square Foot Deck On The Third Level That Offers More Great Canyon Views & Is Perfect For Entertaining. A New Door On The Third Level Leads Into A 400 Square Foot Unfinished Basement, Perfect For Storage.
ADDRESS:
4451 Redwood Street, San Diego, CA 92105
AVAILABLE FOR:
$224,500
MLS Number:
120002701
PROJECTED MONTLY RENT:
$1,600 - $1,800 per month
CLICK BELOW FOR MORE INFO:
http://christopherhutchinson.point2agent.com/
CONTACT:
Contact Christopher Hutchinson - Listing Agent With Woods Real Estate Services At 619-987-4478 For More Info About This Home Today!
Freddie Mac reports in its weekly mortgage survey, that mortgage interest rates continue to stay at record lows, compared to historical standards. The slowly improving housing market and economy are helping to keep mortgage rates low across the board. Historically low interest rates, combined with home prices not seen years, make this an amazing time to purchase a primary residence or rental property.
Listed below is a closer look at how interest rates are doing:
30-Year Fixed-Rate Mortgage:
The 30 Year Fixed Rate Mortgage averaged 3.87 percent last week. This time last year, the 30-Year Fixed Rate Mortgage averaged 5.05 percent.
15-Year Fixed-Rate Mortgage:
The 15-Year Fixed Rate Mortgage averaged 3.16 percent. This time last year, the 15-Year Fixed Rate Mortgage averaged 4.29 percent.
5-Year Adjustable Rate Mortgage:
The 5-Year Adjustable Rate Mortgage averaged 2.83 percent. This time last year, the 5-Year Adjustable Rate Mortgage averaged 3.92 percent.
1-Year Adjustable Rate Mortgage:
The 1-Year Adjustable Rate Mortgage averaged 2.78 percent. This time last year, the 1-Year Adjustable Rate Mortgage averaged 3.35 percent.
Exterior Front Of The Property, Which Rests On A Large / Fully Gated / Secure Lot....
Living Room With Newly Refinished Hardwood Floors & New Rescessed Lighting....
New Entertainers Kitchen, With New Maple Cabinets & Granite Countertops..
PROPERTY DESCRIPTION: Resting On A Large Gated / Fully Secured Corner Lot, Which Offers Gated Boat or RV Parking, This Renovated MULTI-UNIT Property Offers A Front House, Which Offers 3 Bedrooms & 1 Bath, An Open Living / Dining / Kitchen Combo, A New Kitchen With Light Maple Cabinets, Granite Counters, Stainless Steel Appliances, A Large 18X17 Master Suite, Etc. The Back Unit Offers 2 Bedrooms & 1 Bath And An Open Living / Dining / Kitchen Floor Plan. Other Features Include A New 30 Year Multi-Dimensional Shingle Roof, Refinished Oak Hardwood Floors, New Dual Pane Vinyl Windows Throughout & A An Upgraded 200 Amp Electrical Panel.
ADDRESS:
272 35th Street, San Diego, CA 92102
NEW PRICE! - AVAILABLE FOR:
$295,500 - $315,500
MLS Number:
110065457
PROJECTED MONTLY RENT:
- $1,600 - $1,800 per month for the 3 bedroom, 1 bath front house
- $600 - $800 per month for the 2 bedroom, 1 bath rear house
CLICK BELOW FOR MORE INFO:
http://christopherhutchinson.point2agent.com/
CONTACT:
Contact Christopher Hutchinson - Listing Agent With Woods Real Estate Services At 619-987-4478 For More Info About This Home Today!
Individuals who currently rent & have a history of paying rent on time may see a boost to their credit score.
Last year, Experian, one of three major credit reporting companies, added a section to its credit reports that reflected on-time rent payments, which helped give a boost in the credit scores to some on-time rent payers. Equifax, Trans Union, the other two major credit reporting companies, are now following suit & will soon be adding this section to their reports as well.
The New York Times reports that CoreLogic and FICO have also announced that they will be adding a score that reflects payment histories from landlords.
Brannan Johnston, the managing director of Experian’s rent bureau, states that half of high-risk consumers saw an increase of 100 points or more after their rental history were added to their credit reports. Brannan also stated that consumers with average or higher credit scores, on the other hand, did not see any major difference to their scores.
Freddie Mac reports, that for the fifth consecutive week, 30 Year Fixed Rate Mortgages have averaged below 4 percent. The slowly improving housing market and economy are helping to keep mortgage rates low across the board.
Listed below is a closer look at how interest rates are doing:
30-Year Fixed-Rate Mortgage:
The 30 Year Fixed Rate Mortgage averaged 3.91 percent last week. This time last year, the 30-Year Fixed Rate Mortgage averaged 4.77 percent.
15-Year Fixed-Rate Mortgage:
The 15-Year Fixed Rate Mortgage averaged 3.23 percent. This time last year, the 15-Year Fixed Rate Mortgage averaged 4.13 percent.
5-Year Adjustable Rate Mortgage:
The 5-Year Adjustable Rate Mortgage averaged 2.86 percent. This time last year, the 5-Year Adjustable Rate Mortgage averaged 3.75 percent.
1-Year Adjustable Rate Mortgage:
The 1-Year Adjustable Rate Mortgage averaged 2.80 percent. This time last year, the 1-Year Adjustable Rate Mortgage averaged 2.78 percent.
PROPERTY DESCRIPTION:
Located In Desirable University Heights, Just Steps From The University Heights Trolley Barn Park & The Hip Mystic Mocha Coffee Shop, This Fully Renovated Home Will Feature 2 Spacious Bedrooms, 1 Bath & Offer 952 Square Feet Of Living Space With A 1 Car Attached Garage. Features Will Include New Dual Pane, Low-E Vinyl Windows, Refinished Oak Hardwood Floors, Recessed Lighting Throughout & Designer Paint Colors Throughout, A New Kitchen With Ebony Maple Cabinets, Granite Countertops, Stainless Steel Appliances, A New Bathroom With A Dark Maple Vanity & Designer Tile On The Tub Surround & Floor With All New Fixtures/Finishes, A Newer 30-Year Composition Shingle Roof, New Garage Door, Private Back Yard With New Privacy Fence and Front & Back Yard With New Sod & Landscaping, Etc…A MUST SEE!
ADDRESS:
4524 Mississippi Street, San Diego, CA 92116
PRICE:
TO BE DETEREMED:
CLICK BELOW FOR MORE INFO:
http://christopherhutchinson.point2agent.com/
CONTACT:
Contact Christopher Hutchinson - Listing Agent With Woods Real Estate Services At 619-987-4478 For More Info About This Home Today!
Exterior Front Of The Property – Fully Fenced/Secure
Living Room With Newly Refinished Hardwood Floors
Entertainers Kitchen Which Opens To The Living Room
PROPERTY DESCRIPTION:
Resting On A Spacious 5,000 Square Foot Gated Corner Lot, Which Offers Boat or RV Parking, This Renovated MULTI-UNIT Property Offers A Front House, Which Offers 3 Bedrooms & 1 Bath, An Open Living / Dining / Kitchen Combo, A New Kitchen With Light Maple Cabinets, Granite Counters, Stainless Steel Appliances, A Large 18X17 Master Suite, Etc. The Back Unit Offers 2 Bedrooms & 1 Bath And An Open Living / Dining / Kitchen Floor Plan. Other Features Include A New 30 Year Multi-Dimensional Shingle Roof, Refinished Oak Hardwood Floors, New Dual Pane Vinyl Windows Throughout & A An Upgraded 200 Amp Electrical Panel.
ADDRESS:
272 35th Street, San Diego, CA 92102
NEW PRICE! - AVAILABLE FOR:
$295,500 - $315,500
CLICK BELOW FOR MORE INFO:
http://christopherhutchinson.point2agent.com/
CONTACT:
Contact Christopher Hutchinson - Listing Agent With Woods Real Estate Services At 619-987-4478 For More Info About This Home Today!
Last Thursday, the Federal Housing Administration extended its “90-Day Anti-Flipping Rule” through the end of 2012.The extension of this waiver will allow Buyers, using FHA-backed loans, to purchase any homes that have not been owned by a property owner for 90 days. Such types of homes are usually “Investor Owned or Flip Properties”.
The “90-Day Anti-Flipping Rule” which originally took effect back in 2003, was created to prevent FHA-backed loans from being used to purchase homes that had been owned by a Seller for less than 90 days. The rule supposedly was used to try and curve the spike in home flipping that was being blamed on driving up home prices during the housing boom.
The Department of Housing and Urban Development decided to reconsider the “90-Day Anti-Flipping Rule”, which was set to expire in late 2010, to help investors absorb foreclosures and abandoned homes, which are causing blight in neighborhoods across the country and enable FHA-backed Buyers to purchase them.
The temporary waiver to the “90-Day Anti-Flipping Rule” will allow buyers and investors to quickly resell renovated homes and not have to wait 90 days to do so. Since the waiver took place in 2010, FHA has insured nearly 42,000 mortgages worth more than $7 billion on homes resold within 90 days of the last purchase.
Although the “90 Day Anti-Flipping Rule” has been extended, it still prevents predatory flipping by investors who own these properties. Sellers must justify any increases in value if the sales price of the property is 20 percent more than what the Seller had recently purchased it for. In addition, two appraisals are required to be done on these types of properties, to protect the Buyer from overpaying for the home & re-confirm the homes value.
Freddie Mac reports that Mortgage Interest Rates have reached new all-time record lows this week, just in time for Christmas.
Listed below is a closer look at how interest rates are doing:
30-Year Fixed-Rate Mortgage:
The 30 Year Fixed Rate Mortgage averaged 3.91 percent last week. This time last year, the 30-Year Fixed Rate Mortgage averaged 4.81 percent.
15-Year Fixed-Rate Mortgage:
The 15-Year Fixed Rate Mortgage averaged 3.21 percent. This time last year, the 15-Year Fixed Rate Mortgage averaged 4.15 percent.
5-Year Adjustable Rate Mortgage:
The 5-Year Adjustable Rate Mortgage averaged 2.85 percent. This time last year, the 5-Year Adjustable Rate Mortgage averaged 3.75 percent.
1-Year Adjustable Rate Mortgage:
The 1-Year Adjustable Rate Mortgage averaged 2.77 percent. This time last year, the 1-Year Adjustable Rate Mortgage averaged 3.40 percent.
Exterior Front Of The Home - RV/Boat Parking
Living Room With New Floors & Recessed Lighting
Entertainers Kitchen Which Opens To The Dining Rm
PROPERTY DESCRIPTION:
Resting On A Spacious 5,623 Square Foot Lot, Which Offers Boat or RV Parking, This Fully Renovated 5 Bedroom, 3 Bath Home Offers 1,753 Square Feet Of Living Space And Features New Dual Pane, Vinyl Windows, Dark Flooring & Designer Paint Throughout, New Entertainers Kitchen With Dark Maple Cabinets, Granite Countertops, Stainless Appliances & New Bar Area, Which Opens Onto A Spacious Dining Room, New Baths With Maple Vanities, Granite Counters & Designer Tile Floors / Shower Surround, Large Master With Attached Master Bath, Etc…
ADDRESS:
6517 Brooklyn Avenue, San Diego, CA 92114
NEW PRICE! - AVAILABLE FOR:
$298,500 - $315,500
CLICK BELOW FOR MORE INFO:
http://christopherhutchinson.point2agent.com/
FOR MORE INFO CONTACT:
Contact Christopher Hutchinson, Realtor With Woods Real Estate Services At 619-987-4478 For More Info…
The National Association of Realtors reports that 27 percent of First-Time Home Buyers received a financial gift from relatives or friends that they applied toward a down payment on a new home last year. This number is up from 22 percent in 2009.
Although down payment gifts have increased, those who receive such gifts need to make sure they follow 3 IRS and banks’ gift giving rules listed below:
1. Home owners still need to come up with at least some of the down payment:
Loans backed by Freddie Mac require that when the loan-to-value is greater than 80 percent for a home loan, the Buyer will need to come up with at least 5 percent of the purchase price from his or her own funds. Fannie Mae loans allow all down payment funds to come as a gift on a one unit principal residence. .
2. You will need to document where the down payment money came from:
A gift letter should be signed and dated and include the giver’s name, address, and telephone number, along with his or her relationship to the borrower.
3. If you’ve had the gift for a long time, you likely won’t need to document it.
If the gift has been in your bank account for three months or longer, it’s considered “seasoned” and doesn’t require a gift letter, however given ever changing lending standards, a Buyer should still have a signed gift letter handy if the lender should ask for it.
Above Picture: Exterior Front Of The Home - Large 10,200 SqFt Lot
Above Picture: New Kitchen Which Opens Up Onto The Living Room
Above Picture: Large 400 Sqft Entertainment Deck In The Backyard
PROPERTY DESCRIPTION:
Resting On A Large 10,200 Square Foot Lot, This Fully Renovated Home Offers 3 Bedrooms, 1 Bath And Offers 1,180 Square Feet Of Living Space. This Home Has A Long Driveway, Which Offers Off Street Parking for 5 Cars And A Gated Area For Boat/RV Parking. The Exterior Of The Home Has Been Freshly Primed & Painted, Accentuating The New Dual Pane Vinyl Windows, New Eves/Overhangs & New Landscaping. This Home Features An Entertainers Floor Plan With An Open Living Room, Dining Room & Kitchen Area. The Living Room Features New Plush Carpeting, Designer Paint Colors. The Living Room Opens Up Onto A New Kitchen, Which Features Dark Maple Cabinets, Granite Countertops & Stainless Steel Appliances & New Recessed Lighting. The Three Spacious Bedrooms Feature New Plush Carpeting, Mirrored Closet Doors & Designer Paint Colors Throughout. The Back Of The Home Features A Great Entertainment Deck And Huge Back Yard. The Bathroom Features, New Abs / Copper Plumbing, New Designer Tile On The Floor, A New Tub, New Fixtures, A New Tub & A New Toilet. This Home Also Features An Upgraded 200 Amp Electrical Panel!
ADDRESS:
3163 Florine Drive, Lemon Grove, CA 91945
NEW PRICE!
$259,500
CLICK BELOW FOR MORE INFO:
http://christopherhutchinson.point2agent.com/
CONTACT:
Contact Christopher Hutchinson, Realtor With Woods Real Estate Services At 619-987-4478 For More Info…
Remodeling Magazines “2011 – 2012 Remodeling Cost versus Value Report” rates exterior home improvements, as the most valuable home investment projects homeowners can make to retain and increase the value of their homes. This report compares construction costs with resale values for 35 midrange and upscale remodeling projects including room additions, complete home remodels and home replacements in 80 markets across the nation.
Inexpensive exterior home replacement projects are crucial to a home’s upkeep and a homeowner can expect to recoup close to 70 percent of their costs. Exterior home improvement projects such as siding, window and door replacements are the most common exterior home maintenance projects.
Two additional siding replacement projects were at the top 10 of this list. The first siding replacement included foam backed vinyl siding, which is expected to return 69.6 percent of its costs. The second siding replacement is upscale vinyl siding, which is expected to recoup 69.5 percent of its costs. Three door replacements were also among the top exterior replacement projects. The steel entry door replacement is the least expensive project in the report, costing little more than $1,200 on average and expected to recoup 73 percent of its costs.
The upscale garage door replacement jumped seven spots to number six this year, primarily due to the average cost of the project declining more than 15 percent nationally. The upscale and midrange garage door replacement projects are expected to return more than 71 percent of their costs. One window replacement project, the installation of upscale vinyl windows, rounded out the last exterior replacement project in the top 10, which is expected to recoup 69.1 percent of its costs.
The Mortgage Bankers Association reports that banks are making more profits on each loan they originate. A staggering 377 percent increase was reported in just a short six month period.
Mortgage banks made a profit of $1,263 for each loan they originated during the third quarter on average. This amount is up from $575 per loan in the second quarter of 2011. Mortgage banks made $346 per loan in the first quarter.
According to Marina Walsh, the Mortgage Bankers Association associate vice president of industry analysis, higher volume helped profitability as production costs were spread over a greater number of loans. She also stated that third quarter production expenses dropped on a per loan basis as volume rose, although expenses remained high by historical standards when compared to other quarters with similar volume.
Refinancing loans made up the largest bulk of originations and by dollar volume it was 45 percent in the third quarter, compared to 36 percent in the second quarter.
Freddie Mac reports that fixed mortgage rates dropped even more this week, continuing the trend in reaching new record lows this year. This week, the Federal Reserve met and reaffirmed its commitment to keep interest rates low for the next two years.
Listed below is a closer look at how interest rates are doing:
30-Year Fixed-Rate Mortgage:
The 30 Year Fixed Rate Mortgage averaged 3.94 percent last week. This time last year, the 30-Year Fixed Rate Mortgage averaged 4.83 percent.
15-Year Fixed-Rate Mortgage:
The 15-Year Fixed Rate Mortgage averaged 3.21 percent. This time last year, the 15-Year Fixed Rate Mortgage averaged 4.17 percent.
5-Year Adjustable Rate Mortgage:
The 5-Year Adjustable Rate Mortgage averaged 2.86 percent. This time last year, the 5-Year Adjustable Rate Mortgage averaged 3.77 percent.
1-Year Adjustable Rate Mortgage:
The 1-Year Adjustable Rate Mortgage averaged 2.81 percent. This time last year, the 1-Year Adjustable Rate Mortgage averaged 3.35 percent.