LOCAL LIFESTYLE PUBLICATIONVOLUME | VOLUME 5 | ISSUE 10 5 L O C A L L I F E S T Y L E P U B L I C AWWW.LOCALUMBRELLANEWS.COM TION I ISSUE
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Megan’s Message What theDon’t heck is Stuck happening San Diego real estate?! Get Rentingin Forever! Are homes even selling? Can I even get a loan right now? For some, it may seem a daunting task to save up for a down Theseto are some of While the questions get on a seen daily basis in payment buy real estate. it is not an easyI task, I have first hand the results of what renting for too long willin doplace to a person. the midst of our COVID19 shelter period.
Hello, MODERN SOPHISTICATION, meet TALMADGE! Meet your neighbor
Wendy Reynolds
Our spotlight this month is on Wendy Reynolds of Talmadge. I recently sold a property to a wonderful, kind-hearted client. He 4607 Janet Place and benefit thanks to their service!), and if A San Diego native, Reynolds I am here to tell you that indeed, homes bought a property that had been rented to the same you person 34 4 Bedor | 3less, Bath | 2,617 SF grew up in Clairemont, went to are for borrowing $701,500 which are selling and people are getting loans. years. This person years old, retired, and puts on a you low, in fixed the conventional financing Mission Bay High School and It’s still a bit earlyistonow see85 any price Asking price range income…we will call her Theresa. At first, my client did not want to lenders will still allow you category, many adjustment trends as we tend to measure $1,099,000-$1,119,000 attended San Diego State for write an offer on the property because he did not want to displace the to put as little as 5% down. All loans and college, “GO AZTECS!” Along that trend over a 3–6 month time frame tenant, butjust after much consideration, he decided it would be better all lenders are not created equal, nor are the way Reynolds moved to and we don’t have that hindsight that it be he who buys the home, rather than somebody else that may their financing programs. Contact me for San Francisco and after 20 as of yet. But I can tell you that I am still not have the patience, heart, or wherewithal to contend with the a referral to a trustworthy lender that can years in the Bay Area, she consistently seeing multiple offers on process of helping her relocate. While my client did not want to inherit provide you the information you need to decided she needed a change properties in San Diego, particularly in the Theresa as a tenant, he did want to extend his hand in assisting to get started in your research. and made the move back to her $1.2 million range and below with both find her a new home. hometown of San Diego. After my buyer and seller clients. Of course, If you would like to explore buying and/ going to area open houses, this depends on the location and overall The challenge Theresa is faced with is that she is completely priced or selling in this ever changing market, she came across Talmadge. presentation, but rental with an already veryvery affordable out of the standard market. While at market give me a call at 619.944.2798 or email According to Reynolds, “I loved limited set of housing inventory for buyers rents for the time when she was younger, she is faced with an me atwhere Megan@MeganB.com. I’d be happy the friendly neighborhood vibe out there to choose from,ofit’s even an tighter unsurmountable challenge finding affordable home she to discuss with you what sets my service and all the planned activities. now. Those that can still qualify for a can comfortably live out her life. Had she bought (or had the ability apart I haven’t seen a neighborhood loan are able take advantage the apartment and guidance ofto how to buy) even a of studio whenfrom she the wasrest! quite like Talmadge.” still low she rates and not achieve dream of younger, would be in their the position she is in today. This predicament is exactly whatup, I encourage you to avoid, if at all homeownership, moving or downsizing. possible. In May of 2019, Reynolds made Talmadge her home. A graphic Loans can be a little tricky these days Renting is great residence for a shortand termtrickier housing solution. However, with designer for 25 years, she has for a primary still some of the lowest interest rates we’ve EVER seen, I urge you to owned her own design business, for an investment property. For a primary consider buying Olive Design for 20 years and is residence loan,something, with manyanything, (but not to all)get your foot in the door toward homeownership. Consider buying something that doesn’t currently freelancing. Ultimately, lenders, you should count on having at necessarily your butto some of them, and something she is looking for a permanent least 20% meet downALL if you areneeds, needing you can live with for the next 5-7 years, at which time, the hope is that employee position (hint, hint). borrow $701,501 or higher as this puts you you would have built up some equity so as to enable you to move “up” You can find her online portfolio in the “jumbo loan” category. Most lenders to the next step…maybe from a condo to a small house. at wendyreynolds.myportfolio. are still processing VA loans up to $1 million com. In her free time, Reynolds $0 down (always an incredible opportunity Unfortunately, situations like Theresa’s are all too common. If you loves hiking, mountain biking, feel overwhelmed with the market and think you can never buy, give print making, art shows and me a call at (619) 944-2798. I would be happy to consult with you in happy hour. Her passions seeking a long term solution to your housing needs. You might be include travel, photography surprised at what we can accomplish together! and she loves her adorable dog, Diego. If you see them out in the neighborhood, be sure to Have questions about real estate? Contact Megan! say hello! Happy to have you here, Wendy! Megan Beauvais
Have questions about real estate? Contact Megan!
Megan Beauvais DRE 01426805 ® REALTOR megan@meganb.com REALTOR®, GRI megan@meganb.com 619.944.2798 DRE 01426805 619.944.2798 www.meganb.com
Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. beenChanges verified.inChanges in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. This is not intended to solicit property already listed. This information is price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. provided for informational purposes only and is not a solicitation, recommendation, offer or promise to provide services. Compass is not offering legal, financial or other professional advice. Compass reserves the right to refuse, reject, or cancel the program for any reason at any time without liability. Compass offers no guarantee or warranty of results. Subject to additional terms and conditions. Home must qualify under Compass Concierge guidelines. Subject to additional terms and conditions.
REALTOR® Broker Associate DRE#01776106
619.890.3447 Kim@KimHawley.net www.KimHawley.net