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VOLUME | WINTER | VOLUME 9 | JANUARY VOLUME 5 I 9ISSUE 5 20232023
Megan’ s Message Happy New Ken-Tal Megan’ s Message YearEvents! 2023 The Cost of a Real Estate Sale
Donate by Dec. 4th
Holiday Toy Drive organized by Holiday Toy Drive CHEERS TO NEW BEGINNINGS… With the recent guilty verdict announced in the Sitzer / Burnett case which Megan Beauvais & Associates challenged andThe the2022 realholiday estateseason compensation Spread the joy of the Happy New MLS Year, rules Ken-Tal! was full ofmodel much (with key defendents being NAR and several brokerages). This case covers the Missouri markets of Our Ken Tal Holiday Toy Drive was a total holidays and help us What heck is happening San Diego needed love, the laughter, celebrations, and cheer inin spite of the roller real estate?! were able to collect over 65 toys Kansas City, St. Louis, SpringÞeld and Columbia, where standards of success, practicewevary brighten a child’s holiday Meet your neighbor coaster of an economic ride we have all been on for the last two the help of my clients and our community! widely in comparison to how we conduct a real estateget transaction inwith California, Are homes even selling? Can I even a loan right now? this season! Megan Special thanks to those who participated in the years. Sothe many of us are anxious tofrom see what 2023isbrings, but only assert that it is however essential takeaway the case that plaintiffs Wendy Reynolds Beauvais & Associates is Toy Drive donations! These gifts really do make timeThese (and Fed)should will tell.pay unjust thatthe they buyer and the selleron commissions when selling are some ofboth thethequestions I get a dailyabasis inin the lives of our community’s difference
organizing a Toy Drive for youth that would otherwise receive nothing for their home as it results in paying an agent to negotiate against them. Our spotlight this month kids is onof all ages in support the midst COVID19 shelter inperfectly. placeI period.the holidays. This year was our first year Many home buyersof andour sellers will try to time the market of the Copley-Price partnering up with the YMCA & Toys forWendy Tots Reynolds of Talmadge. can’t tell you how many people Iwhen have heard relay to me this: recently that for Some information to consider sorting through Family YMCA & Toys for their annual toy drive, I look forward to next theyI am are here goingtototell waityou untilthat theindeed, market crashes worked year, goal will be toand collect and benefit thanks to my their service!), if over 100 Atoys! San Diego native, Reynolds homes to buy. Having Tots. Donate a new, in the real estate industry for 25+ years, I can attest to the fact that we Want to know what distribution day looked like unwrapped toy by Dec Commissions: When selling a home, traditionally, the seller will pay a commission you are borrowing $701,500 or less, which grew up in Clairemont, went to are selling and people are getting loans. never know between whether we at an “high” or “low” until we are 4th, drop off between negotiated thewere seller andall-time their real estate agent/brokerage. The seller’s at the Y? puts of youthat in the conventional financing Mission Bay High School and It’s still a side bit early to issee any price Visit https://www.instagram.com/ on the other(often, ofbut it. Itnot true that, then as a home one would havecommission brokerage always) sharesseller, a portion with the Monday - Friday, 9am - 5pm or by appointment at 4134 Adams ymcasandiego/ to view their Holiday Party Toys category, many lenders will still allow you attended San Diego State for adjustment trends as we tend to measure buyer’ s brokerage, providing the buyer’ s agent compensation. done much better if selling 6-9 months ago rather than right now. It is for TotsAve. Event!Ste 105, OR donate to our Virtual Toy Box at: to put little as 5% down. All loans https://www.amazon.com/registries/gl/guest-view/3LRUDJPE1IEAK and college, “GO AZTECS!” Along over a 3–6 month frame alsothat truetrend that as a home buyer, onetime would have benefitted fromashalf the and interest rate now. The fact remains people still National Association of Realtors (NAR): This tradethat organization more all lenders areemerged not created equal, nor are the way Reynolds moved to we just being don’t charged have that hindsight The 8th Annual Holiday Lights Bike Ride need to move, and need housing, which will continue to push the than 100 years ago in response to the need for a higher level of ethical practice in their financing programs. me forat our Kensington San Francisco and after as of yet. But I can tell you that I am still anContact amazing turnout Annual Holiday Lights 20 Bike Ride! Despite the morning December 10th, 5:30pm real estate.inNAR rules are market made available publicly (goparticularly to NAR.com We for had more movement the real estate in a forward direction, showers lender we still had around 200 riders and skies were cleared during the full and family rides! a referral to a trustworthy that can years in the Bay Area, she consistently seeing multiple offers on information). NAR does track,work receive or set buyers’ or to our in areas that benefit from not vastseek, and varied sectors andcommissions suffer from for Congratulations The Annual Talmadge House Deocration Winners at 4119 Palisades, 5341 Marlborough, & 4207 sellers’ agents. organization advocates and serves as ayou resource in the real provide the information to votedat decided a change properties inThis San Diego, particularly in the Hilldale, ouryou teamneed of Caroling judges these house asshe bestneeded decorated along our route, thank you to a lack of sufficient housing units, such as our beloved San Diego. the Circle estate market for its members and their clients and only NAR members can call everyone who decoreated their beautiful homes it was hard narrowing it down to just 3. get started in your research. and made the move back to her $1.2 million range and below with both themselves REALTORS®, and thereby have agreed to abide by and are held Special thanks to our community for coming out and joining us, hope you Save the Datehometown Neighbors!of San Diego. After had a great time! My my advice is this: buyer and course, accountable to theseller NARclients. ethicalOfcode of conduct. This annual event is organized by the Kensington Talmadge Business Association, Bundle up and come If you would like to explore buying and/ for more information going to area open houses, this depends on the location and overall visit KenTalBiz.org. enjoy this FREE event If you are considering buying a home this year, think LONG TERM. REALTOR® Value: Awith REALTOR®, plays a critical role in guiding consumers through or selling changing market, she came across Talmadge. presentation, ancan already very Gone are the daysbut when you count on making a profit within ain2this ever with your Talmadge all the contractual, Þnancial and community complexities of buying or selling a give a call at 619.944.2798 or email set ofand housing inventory buyers Neighbors as According we ring into Reynolds, “I loved yearlimited time frame then and move on/up.forThis beenme the home. They also create contribute tohas thealways data found in the MLS, which online Holiday Season! Megan@MeganB.com. happy the friendly neighborhood vibe out Ithere to my choose even advice gave evenit’sprior to tighter pandemic timesme and remains housing portals tapclients, in to.from, REALTORS® are advocates toatthe consumer. They leadI’d be the Meet us at the as entrepreneurs, such. yearsthat from now,still chances are paid that as experts, and philanthropists protect consumers, build toyou discuss with you what sets my service and all the planned activities. now. 10 Those can qualify foryou a will betoglad extra $10-$20k that the seller dug their heels in for. With that time Talmadge trafÞce circle generational wealth, and contribute to local and national economies. apart from the rest! I haven’t seen a neighborhood loan are able to take advantage of the (49th St & Adams Ave) frame in mind, consider the longevity the home offers. Is this a space quite like Talmadge.” low can ratesgrow andin,achieve dream yourstill family will you their be able to beofcomfortable here for Broker Compensation: Agent compensation is set between brokers and their clients for an evening of holiday up, oratdownsizing. and has always beenmoving negotiable any point in the transaction. These costs and 7-10homeownership, years? music, festive fun and neighborly good cheer. For more the construct of how the commission is to be paid and shared between brokerages information contact Megan Beauvaismade at 619.944.2798 or In May of 2019, Reynolds isIf spelled out to buyers and sellers and is always negotiable. If sellers wished to only megan@meganb.com. you are acan home readythese to rumble! Talmadge her home. A graphic Loans be seller, a littleget tricky days Buyers have more compensate their days, representative (agent/broker), then the buyer would be left to pay negotiability these but that doesn’t mean you are getting the designer for 25 years, she has for a primary residence and not trickier still since the majority pool of funds often their fee,stick. which is often feasible shortagentÕ end ofsthe Likely, you are still benefitting from a significant The Annual Talmadge Caroling at the business, Circle comes from the seller’swould side when collecting their proceeds. If buyers had to pay out owned her own design foralbeit an investment a primary December 17th, 3pm profit, not what itproperty. aveFor been in the spring of 2022. Another one for the books! The Annual Caroling at the Circle is one of my favorite neighborhood of pocket for representation, would the number of buyers and the Olive Design for 20 years and is residence loan, with manythat (but not all)reduce Remember that selling a property and buying a property is most events in Talmadge, I love putting this event together for our community. huge success we TheWhat 9thaAnnual money buyers have to purchase homes from sellers. There are cooperative had this year, it was a great time catching up with freelancing. Friends & Neighbors, we laughed and Bike we even successful when there is a win on both sides. Prepare yourself for this currently Ultimately, lenders, you should count on having at Holiday Lights compensation rules in place to ensure both buyers and sellers are well-represented, sang some Hanukkah songs to kick off the first night of the festival of lights! Special thanks to all the andleast be strategic - both in your pricing and yourwill preparations. It is theyTalmadge Ride is circle looking for a permanent 20% down you areknows needing tointhey and that the buyer’ sifbroker what be paid before commence neighbors who decorated theshe traffic so beautifully, and to Tom Barb, who makes a imperative to set your property apart from the others. You can do so terrific Saint Nick! Hope to see you December 2023! the work. It is also important to keep in mind that the buyer does pay indirectly, employee position (hint, hint). borrow $701,501 or higher as this puts you by following advice ofprice. a real estate professional regarding prethrough theirthe purchase The Holiday Lights Bike You can find her online portfolio in the “jumbo loan” category. Most lenders Ride is back! Join the marketing suggestions (paint, repairs, inspections, and staging for at wendyreynolds.myportfolio. are stillthe processing VA loans to $1and million Kensington Talmadge example). Although expectation is thatupNAR co-defendants will appeal this verdict, Business Association and and$0 it seems likely they ultimately prevail, it’s important to know the facts and com. In her free time, Reynolds down (always an will incredible opportunity your neighbors for 1 of 2 that commissions areand/or negotiable. It can be an uncomfortable If youultimately, have beenallconsidering buying selling real estate, I would loves hiking, mountain biking, family-friendly group conversation for you to have with your but an welcome the opportunity to meet with youREALTOR®, and discuss what my important one to print making, art shows and rides (3 miles & 1.75 miles) discuss. proven strategies can do for you in 2023. Contact me at happy hour. Her passionsaround Kensington to see Megan@MeganB.com or 619.944.2798! the holiday lights. Don’t I’d be happy to have a transparent conversation with you about commissions, include travel, photography miss one of the best payment structure, thebevalue of yourand home, how I can to best position you to May this year prove to prosperous joyful!and I look forward and sheinloves her adorable dog,information visit neighborhood events San Diego! For more maximize your proÞt. Please reach out to me any time at 619-944-2798. seeing you around the neighborhood! KenTalBiz.org. 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 REALTOR® 619.944.2798
Have Questions Questions About About Real Have Real Estate? Estate? Contact Megan! Megan! Contact
megan@meganb.com DRE 01426805
Megan Beauvais REALTOR®, GRI, DRE# 01426805 | 619.944.2798 | Megan@MeganB.com | www.MeganB.com Compass real estate broker licensedlicensed by the State California andofabides by Equal and Housingabides Opportunity Number 01527365. All material presented herein Number is intended for informationalAll purposes only and is compiled herein from sources deemed reliable but has not been verified. Compass isisisaaareal broker byofby the State California by laws. Equal Housing Opportunity laws. License 01527365. material presented is intended informational purposes only and is compiled Compass realestate estate broker licensed the State of California and abides byLicense Equal Housing Opportunity laws. License Number 01527365. All material presented herein isfor intended for informational purposes only and Changes in price, condition,reliable sale or withdrawal may not be made without notice. No Changes statement is made as to accuracy of any description. measurements and square footages are approximate.notice. No statement is made as to accuracy of any description. All measurements and square footages are from sources deemed but has been veriÞed. in price, condition, sale in orAllprice, withdrawal may besale made is compiled from sources deemed reliable but has not been verified. Changes condition, or without withdrawal may be made without notice. No statement is made as to accuracy of any description. All 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, measurements square footages are approximate. This is to notrefuse, intended property already This information is provided forCompass informational onlyorand is not of a solicitation, recommendation, offer or Þnancial or otherand professional advice. Compass reserves the right reject,toorsolicit cancel the program for listed. any reason at any time without liability. offers purposes no guarantee warranty results. Subject to additional terms and conditions. must qualify under Compass guidelines. Subject to additional terms and conditions. promise toHome provide services. Compass is notConcierge 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
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