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VOLUME 7 | ISSUE 3
LO C A L L I F E ST Y L E P U B L I C AT I O N
VOLUME 5
MeganÕ s Message How much $$ do you really want to make on your home?
I
ISSUE 5
Spring Events! March 21st - April 24th MeganÕ s Moving Box Exchange!
What the heck is happening in San Diego real estate?!
Meet your neighbor If you are considering selling your home, you should also be you just move in to the area and Are homes even selling? Can I even get a loan Did right now? thinking about how to best make that proÞt work for you. As you have no idea what to do with your Wendy Reynolds some ofhousing the questions I get on basis inOr are you preparing for moving boxes? are These probably are already aware, prices are increasing at a daily a move and need some? record Now,of more than ever, is the time to put in a plan in period. Our spotlight this month is on thepace. midst our COVID19 shelter place place to maximize that equity growth youÕ ve realized in the last In light of our upcoming Earth Day next Wendy Reynolds of Talmadge. fewI years. and benefit thanks to their if in A San Diego native, Reynolds am here to tell you that indeed, homes month, and inservice!), effort to doand our part are selling and people are getting loans.
creating less waste, Megan Beauvais & you are borrowing $701,500 or less, which
grew up in Clairemont, went to
Did you know that as a married couple, you can proÞt up to Associates is hosting its 1st Moving Box Mission Bay High School and puts you in the conventional financing It’s still a bit early to see any price $500,000 at time of sale, or $250,000 as a single person, and pay Exchange. category, attended San Diego State for adjustment as Did we you tendalso to measure no taxes on thattrends proÞt?* know that anything over many lenders will still allow you tocapital put as little asSimply 5% down. loansanand trend a 3–6 monthproÞt timewill frame call to All schedule appointment college, “GO AZTECS!” Along andthat above thisover aforementioned be subject to to drop off your ßattened moving We Reynolds will store them and distribute to all lenders are not created equal, nor are boxes of any thesize. way moved to and we just don’t have that hindsight gains tax?* This rule only applies if you have lived in the property those who could use them! Thanks for your contribution towards reducing waste! financing programs. Contact me for San Francisco and after 20 as ofprimary yet. Butresidence I can tellwithin you that am last still 5 years*.their as your 2 ofI the ProÞt is This event is organized by Megan Beauvais, Realtor¨ a referral to a trustworthy lender that can years in the Bay Area, she consistently seeing multiple offers on what is left once all your expenses are paid (closing costs, provide you the information you need to decided she needed a change propertiesetc.) in San Diego, in the commissions, as well as particularly deducting out any capital get started in your research. and made the move back to her $1.2 million range and below with both improvements youÕ ve made on the home during your ownership. hometown my buyerincreased and sellervalues clients. With record in Of realcourse, estate for the past several April 23rdof San Diego. After If you would like to explore buying and/ years, are seeing, now more than more and more going to area openEarth houses, thiswe depends on the location andever, overall KensigntonÕ s First Day homeowners reach orwith exceed that threshold on selling their in this ever changing market, she across Talmadge. presentation, but an already very of proÞt or at came Kensignton Park homes. give me a call at 619.944.2798 or email According to Reynolds, “I loved limited set of housing inventory for buyers 11am - 2pm me at Megan@MeganB.com. I’d be happy out there to choose from, it’s even tighter to discuss now. Those that can still qualify for a If youÕ ve been considering a move, itÕ s important to evaluate andwith you what sets my service loan what are able takemay advantage of the monitor yourtoproÞt be in order to time yourapart sale tofrom the the rest! still low rates and achieve their dream of best of your advantage. Avoiding paying a capital gains tax, if at homeownership, moving up,money or downsizing. all possible, lets you keep more in your pocket either for a
re-investment or to simply set aside for a rainy day.
the friendly neighborhood vibe and allKenTal the planned activities. Trees has organized their very First KenTal Earth Day Celebration I haven’t seen a neighborhoodat the Kensington Park, right next to the Library. quite like Talmadge.” There will be drawings for free trees, exhibitor booths, live music & activities Infor May of 2019, Reynolds made all ages!
Talmadge her home. A graphic For more information contact: Steve designer for 25 years, she has Davis at steve1.treesKT@gmail.com or owned her own design business, visit TreesKenTal.org Olive Design for 20 years and is currently freelancing. Ultimately, she is looking for a permanent April 30th employee position (hint, hint). 4th Annual Spring Walkabout 2-5pm You can find her online portfolio at wendyreynolds.myportfolio. are still processing VA loans up to $1 million The Kensignton Talmadge Business com. In her free time, Reynolds $0 down (always incredible opportunity Please give me a call an at 619-944-2798 or email me at Association is hosting their 4th Annual loves hiking, mountain biking, Megan@MeganB.com for a no-pressure evaluation of your Spring Walkabout. property value to best assess your plan. I would welcome the print making, art shows and opportunity to be of service to you! Visit businesses, get freebies, win prizes, happy hour. Her passions and have fun! Start at the Kensington include travel, photography * Megan Beauvais is not a tax advisor and strongly suggests you Library Park, then explore Adams Ave and she loves her adorable dog, from the 15 to Vista Street. consult with a qualiÞed tax specialist and/or tax attorney to verify Diego. If you see them out in this information and whether these rules apply to you. More details at: kentalbiz.org/walkabout the neighborhood, be sure to Have questions about real estate? Contact Megan! Follow along on Instagram @KenTalBiz say hello! Happy to have you here, Wendy! Megan Beauvais Loans can be a little tricky these days
If you ownedresidence your home fortrickier many years forhave a primary and still and would need to payfor some capital gains tax at time of sale, there may be other tax an investment property. For a primary beneÞts that could work to your advantage, such as transferring residence loan, with many (but not all) your property tax basis (if you are 55 or older and moving within lenders, you should count on having at the state of California)*. DonÕt let the capital gains tax stiße your least 20% down if you are needing to move if you are amongst the lucky, with an abundance of equity in borrow $701,501 or higher as this puts you your home, but if I can help you retain as much of your money as in thethat “jumbo possible, is myloan” goal.category. Most lenders
REALTOR® 619.944.2798
megan@meganb.com DRE 01426805
Have Questions About Real Estate? Megan Beauvais REALTOR¨, GRI Contact Megan! 619.944.2798
DRE# 01426805 Megan@MeganB.com 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 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.
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 veriÞed. 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. This is not intended to solicit property already listed. This information is provided for informational purposes only and is not a solicitation, recommendation, offer or promise to provide services. Compass is not offering legal, Þnancial 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.