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San Diego Life Journal Blog

Wednesday, January 27, 2021   /   by Jack Campbell

Congratulations on your newly Accepted Offer!

Congratulations! You just got your offer accepted!

Here's what you need to know right now.

You're moving on to the next phase of the process.  It changes the way things work operating mostly Monday-to-Friday, nine-to-five.  This is primarily when lenders and escrow companies are available.  We're also introducing to you Helena who is our team transaction coordinator.  She is our in-the-office paperwork person who helps to make sure all the i's are dotted and the t's are crossed.  Keep an eye out for the information she'll be sharing with you.  It's really important.  Just as important as what's coming from your agent.

Most Importantly Don't Worry.

We're going to guide you through the whole process.  We'll let you know what you "should-do" and what you "shouldn't-do".  Speaking of that, what should you be doing right now?



The escrow company will be reaching out about your earnest money deposit.  Typically most ...

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Monday, January 4, 2021   /   by Stephanie Cornacchione

What Does California 's New Rent Control Law Mean to You?

If you own an investment property, here’s how California’s new rent control law affects you.
 

If you own an investment property or are thinking of purchasing one in the future, how does California’s new rent control law affect you? To answer that question, there are a few key details about this law you need to keep in mind. 
First, it imposes a 5% maximum increase—plus the cost of inflation—to rent costs on an annual basis. In recent years, property owners were able to increase their rent cost anywhere from 5% to 7%.
Second, this law doesn’t impact mom-and-pop owners. In other words, if you’re an individual owner of a single-family residence that’s not held as an LLC or corporation, this limitation probably doesn’t apply to you. It’s more intended to control larger investment properties like apartment buildings.
“If a tenant’s lease term expires and they leave the property ...

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Thursday, December 17, 2020   /   by Ellen Patterson

Back in the Saddle again...

When I was growing up, I knew all the neighbors  , I rode my bike to school every day waving hello to everyone along my route,  and my parents trusted their neighborhood realtor becuase we knew them personally...there was no internet.  We were grateful for our relationships…





… Flash forward.  2019, homebuyers turn to the internet  to find properties, along with attending some open houses.  Home buying seems so impersonal for most.

This past 2020 year has rocked us all here on the San Diego coast.  The only constant has been 'change and uncertainty'.   There are so few homes available for sale these days.  With COVID, homeowners are scared to list their homes on the ‘open market’ with the fear of sick strangers parading through their homes.  Adding to San Diego low inventory is fierce competition between buyers thanks to the new low interest rates and a remote workforce.&nb ...

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Tuesday, December 1, 2020   /   by Stephanie Cornacchione

VA Loans in San Diego

What are the benefits of getting a VA Loan in San Diego? How does one start the VA Loan process and how can I get Help? Jack and JR go through the biggest benefits of VA Loans in San Diego and how to make sense of the home buying process. CA DRE #01144967

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Monday, November 9, 2020   /   by Stephanie Cornacchione

How Do Renovation Loans Work?

If you’re thinking about buying a home that needs some work and you want to use the bank’s money to pay for it, we’re going to show you how to do that today.
Believe it or not, you have a lot of different options when it comes to getting a renovation loan. FHA, VA, and conventional products all have renovation loans as an option. There are a lot of different ways to go about getting one, but they’re structured similarly.
However, the process is the same for all of them. First, you find the property you want to renovate, then you go out and determine what kind of work you want to be done on the property and how much that is going to cost. You will then submit those quotes and the purchase contract to an appraiser, who will appraise the property based on its completed condition.
“FHA, VA, and conventional lenders all offer renovation loans.”
Once that happens, the bank will fund the loan to complete the purchase and set aside those ...

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Keller Williams
Jack Campbell
12780 High Bluff Drive #130
San Diego, CA 92130
858-240-9900
CA DRE# 01144967

John Schuler
VP of Mortgage Lending
NMLS #76904
2275 Rio Bonito Way, Suite 185
San Diego, CA 92108
Cell: (760) 707-9353
Email: john.schuler@rate.com

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS®, Inc.
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