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LOCAL LIFESTYLE PUBLICATION | VOLUME | ISSUE VOLUME 5 5ISSUE 57
Sunday Afternoons areDiego Forever Changed What the heck is happening in San real estate?! In light of recenteven global outbreaks with respect representation in order to process Are homes selling? Can I evenhave getagent a loan right now? to health and political movements, I find myself this form for them - whether its the listing agent These are some of the questions onhome a daily basis incredibly puzzled with how we got here. In the I get of the or an agent theyin have already midst of my confusion, I find that I can only engaged with and plan to work with….no more the midst of our COVID19 shelter in place period. write about what I DO know, which is that your Sunday pleasure of goinghomes to Open I am hereafternoon to tell you that indeed, House has changed. My Sunday afternoon are selling and people are getting loans. of hometo has changed as well, and not It’smarketing still a bitaearly see any price all for the worse.
adjustment trends as we tend to measure that trend a 3–6 time While it is over true that we month (currently) noframe longer and we just don’t have that hindsight have the ability to host Open Houses for of marketing is a aspurposes of yet. But I can tell real youestate, that I there am still silver lining seeing in it all..for the sellers, foron the buyers, consistently multiple offers for the agents. Gone are the days (for now, properties in San Diego, particularly in the at million least), when crowds of people would $1.2 range and below with bothstroll home for sale out of curiosity, to mythrough buyer aand seller clients. Ofsheer course, get design ideas for their own home, or to stop this depends on the location and overall and chat with other neighbors. While this was presentation, but with an already very an incredibly pleasant aspect for the visitors and limited set of housing inventory for buyers often for myself as the agent hosting the open out there to choose from, it’s even house (who doesn’t like to meet new tighter people?), now. Those that can still qualify for a for the seller of the home it could be perceived loan are able to take advantage of the differently. Of course, the sellers’ goal is to get still lowqualified rates and their dream of only and achieve interested, action-ready homeownership, moving up, or downsizing. buyers through their house after all the hard work they did to prepare it for the viewings.
Loans can be a little tricky these days With showing (and most all other real estate for a primary residence and trickier still related activity) protocols changed, the seller foris an investment property. For a primary getting a bit more of what they want. With residence loan,procedures with many not all) new required as(but set forth by the lenders, you should count on having at Ca. Association of Realtors, prior to setting least 20% down iftoyou needing to you an appointment see are a property - and borrow $701,501 or higher asforthis puts you MUST have an appointment a specific time as to avoid than one party in the in now the so “jumbo loan” more category. Most lenders home once- a buyer must sign a form called are still at processing VA loans up to $1 million Property Entry Advisory Declaration (PEAD), $0a down (always an incredible opportunity certifying they agree to follow health and safety guidelines and that they do not exhibit any symptoms, essentially. A buyer will need to
questionably interested buyers kicking the can coming through the sellers’ and benefit thanks to theirhome… service!), and if
you are borrowing $701,500 or less, which Before getting to the point of signing the PEAD puts in the conventional financing for a formyou above, a buyer MUST get pre-qualified category, many lenders will still youfunds loan, if financing, or show that they allow have the toready put as little as 5% All loans and to purchase. No down. more questionably qualified allpeople lenders are not created equal, nor coming through the sellers’ home… are their financing programs. Contact me for before arranging an appointment, the aAnd referral to a trustworthy lender that can buyers should properly vet the location with a provide you the information you need to drive by and review all virtual online material get started in your research. provided by the listing agent. I have started using a 3D virtual tour for each and every listing Ifregardless you would explore and/ of like pricetorange that buying is very helpful orforselling in this ever changing market, buyers to get a clear understanding of the give meofathe callhome at 619.944.2798 or email layout prior to a personal visit.
me at Megan@MeganB.com. I’d be happy a result of these new changes, along with toAsdiscuss with you what sets my service necessary personal protective gear (masks, apart from the rest! gloves when required, sanitization before and after showings), a seller can expect only qualified, interested, and action ready buyers to come through the home that have already eliminated many possible objections before setting foot through the door. This creates a more effective use of time for buyers, sellers, and real estate agents alike… seems like a win for everyone, which is always my goal!
If you are interested in buying, selling, or just learning more about what is happening in our ever changing real estate market, give me a call at 619.944.2798. With technology, skill, experience, and diligence behind my name, I can help you too!
Have questions about real estate? Contact Megan!
Have questions about real estate? Contact Megan! Megan Beauvais Megan Beauvais
Meet your neighbor Wendy Reynolds Fresh Fruit Swap at Fairthis 44!month is on Our spotlight
Ken/Tal Neighbors we wanted to Wendy Reynolds of Talmadge. get the word out about this great A San Diego native, Reynolds resource available to all area grew up in Clairemont, went to neighbors. The Fresh Fruit Swap at Mission BayElHigh School Fair@44 (4350 Cajon Blvd) isand a attended San Diego State weekly community resource thatfor college, “GO AZTECS!” Along provides fresh, FREE fruits (and the way Reynolds moved to vegetables) to Mid-City residents! Wondering how youand can after participate? San Francisco 20 Here’s everything you need know: years in the Bay Area,toshe
decided needed a change When Every she Wednesday and made the back to her Free Fruit Drop-offsmove 10 - Noon hometown of San Diego. After Free Fruit Pick-ups: 10 - 2pm to arealast) open houses, (orgoing until supplies she came across Talmadge.
Instructions for fruit providers According to Reynolds, “I loved Step 1 Pick a bounty of fruit from your the friendly neighborhood vibe yard wearing gloves and facemasks
and all the planned activities.
Step 2 Donate large boxes/bags of I haven’t seen a neighborhood fruit at Fair@44, your local drop off quite like Talmadge.” point
In 3May of 2019, Reynolds made Step Spread the word on Next Door and otherher social media outlets Talmadge home. A graphic to designer promote locally for 25based years,drop sheoff/ has pick-up fresh swap owned herfruit own design business, 20created yearswithand TheOlive Fair@44 Design on El Cajon for Blvd was the is intentions of being a resource to the community. currently freelancing. Ultimately, From launching start-up businesses to being a safe she is looking forstudents, a permanent haven for Hoover High School now more than ever, these goals have ignited the focus of employee position (hint, hint). Fair@44. The Local Fruit Swap is hosted by a Youcollaborative can findof her online portfolio growing partners including the El Cajon Boulevard BIA, The Dojo Cafe, UrbanLife at wendyreynolds.myportfolio. Farms, ArtForm Swapmeet, neighborhood groups In her free time, Reynolds andcom. elected officials. loves hiking, mountain biking,
*Social distancing practices are incorporated intoprint every step of the process. making, art shows and
happy hour.support Her passions Come out and this include travel, photography wonderful community resource… andyour shebounty loves her adorable dog, share or pick up a bag of Diego. locally grown If you goodness see themfrom out in fellow the neighbors! neighborhood, be sure to say hello! Happy to have you here, Wendy!
megan@meganb.com REALTOR® REALTOR®DRE 01426805 megan@meganb.com 619.944.2798
619.944.2798
DRE 01426805
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. Changes 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.