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Don’t Get Fooled By Tricky Terms When Purchasing Real Estate

When looking to buy or sell Solana Beach real estate, confusing terminology can leave you feeling somewhat uneasy. From a multitude of numbers to marketing jargon, property listings can provide you with an overwhelming amount of information — and it's hard to know what's important. So, brush up on the terms below and don't get fooled this April. Sale-to-List Ratio This is an important number to pay attention to when choosing a real estate professional to sell your home. The percentage is calculated by what a home was initially listed for, divided by the actual sale price. The closer an…
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Simplified Home Loan Modification Program Recently Announced

The Federal Housing Finance Agency (FHFA) recently announced a new, streamlined home loan modification program to help Solana Beach home owners who are behind in their payments or own a home with a mortgage that is under water. The purpose of the recently announced program continues to focus on helping troubled borrowers avoid foreclosure and stay in their homes. Simplified Modification Criteria Creates More Opportunity For Home Owners Beginning this summer, on July 1st to be exact, the new Streamlined Modification Initiative will be available to home owners that meet certain criteria. Interestingly, this new program will require home loan…
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5 Top Tips For Purchasing Your New Home

It's a great time to buy a new home because there are quite a few Solana Beach homes for sale and interest rates have continued to stay comparatively low. Whether it's your first time purchasing real estate or you're a seasoned professional, here are a few tips to make shopping for a new house more pleasurable. 1. Get Help Searching through all of the available properties on the market can be mind-boggling. Find a professional real estate agent to help guide you through the homes for sale and select one that meets your family and financial needs. 2. Start Looking…
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Home Prices Accelerate In 2013 WIth Double Digit Growth

Last week, the S&P/Case-Shiller Index showed home prices gaining 8.1 percent during the 12-month period ending January 2013, marking the largest year-over-year increases since the summer of 2006. The Case-Shiller Index measures changes in home prices by tracking same-home sales throughout 20 housing markets nationwide; and the change in sales price from sale-to-sale. Detached, single-family residences are used in the Case-Shiller Index methodology and data is for closed purchase transactions only. All 20 Case Shiller Index Markets Show Growth Between December 2012 and January 2013, home values rose in all 20 Case-Shiller Index markets, with previously-hard hit areas such as…
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