Category Archives: Mortgage Financing

Time to Stop Renting and Buy a Condo in San Diego

San Diego skyline downtown real estate

If you’ve been watching prices drop and waiting for the right moment to jump into the real estate market, now may be the time. Mortgage rates are still low, and now it’s cheaper to buy than it is to rent in San Diego!
There is a formula used to determine whether it is cheaper to rent or buy, and according to figures posted by Trulia, the numbers add up to more value in home ownership than in paying rent. The real estate site compared the median sales price to the median …

California Short Sale Laws Changed

California real estate foreclosure

A new law, SB458, went into effect last week that prevents junior lien holders in California from pursuing deficiencies from homeowners after a short sale. The law was sponsored by the California Association of Realtors, and approved by Governor Jerry Brown on July 15.
Under the new rules in SB458, neither senior nor junior lien holders can pursue the balances owed to them from borrowers after an approved short sale. The law applies to residential properties, from single family homes up to four unit properties. The law goes into effect immediately, …

A Current Snapshot of the Downtown Market

Based on recent data available, the buyer’s market for condos and loft spaces downtown continues to improve. Although the market has started to stabilize, foreclosure properties continue to put pressure on available inventory and keep pricing down.
Let’s take a look at how the different neighborhoods downtown are looking based off of data found on Trulia.com.
If we start with the East Village, the median sales price as of 1st Quarter 2011 was $311,000 which represents an 11.1% drop from last year. The number of sales is up 1% which represents an …

FHA and VA financing available at Aria

Aria at Cortez Hill

Cortez Hill’s Aria building (1441 Ninth Avenue) now offers FHA and VA financing. This is a great opportunity for buyers, as Aria is currently the only Cortez Hill development built post-2000 that can extend these types of financing without the buyer applying for individual unit approval (i.e., “spot approvals”). FHA loans require a 3.5% down payment, while VA loans can fund to 100%. Aria still has a lot of very competitively priced 1-, 2-, and 3-bedroom view units available with all the amenities one would expect from a …

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CondoDomain Whitepaper: Year 1

Putting this Whitepaper together was almost as exciting as engaging in the real estate brokerage community this year.  For all of you who have followed us through social media and our blogging efforts… and for all of you who have met us or become a client of ours: you all know we like to have fun along the way!
Well, while all of that fun that is publicly displayed, there is actually quite a bit of work that went on behind the scenes.  I believe that this CondoDomain Year 1 Review …

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The San Diego Condo & Loft Blog Goes Live

In anticipation for the all new CondoDomain San Diego search portal, we have pushed our local blog live! In the coming months we plan to release CondoDomain San Diego and begin working with buyers looking to purchase in downtown San Diego, CA! If you want to get a feel for what our site will be like in San Diego, CA, please feel free to check out our Boston site.
Why Buy With CondoDomain?
1. We are exclusive buyers brokers! We only do 1 thing…and we do it very well!
2. …

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