Recently, the Business Editor from the Del Mar Times called to ask my opinion on the Luxury Real Estate Market and how it differs from the Real Estate Market in general. This interview and my comments are featured in the Del Mar Times article dated February 16, 2010. This Just In by Colleen M. Lee, February 11, 2010 Homes are our sanctuary, so when choosing a real estate professional you need to know that the person who is giving you advice is the right fit for you.
How many times have we heard this…I can price my home high and always lower it later. One of the biggest mistakes that many sellers are making is to inflate the price of their home and then lower it if it hasn’t sold within a certain timeframe. The best time to pique a buyer’s interest is when the house first hits the market; there is no better way to make a big impact than with a competitive price, especially in today’s market.
With interest rates historically low, many homeowners have become motivated to refinance their home loans. Lower rates will allow them to save a tremendous amount of money over the life of the loans. However, it is important for homeowners to understand that they should expect to pay the lenders any standard closing costs associated with the new loans, including service fees, points, title insurance protection and any other miscellaneous expenses.
It's Opening Day!! Yesterday I wore a black felt hat with velvet trim and black leather gloves. Why the hat and gloves? Was it opening day at Del Mar? or Santa Anita? or Churchill Downs? NO- Something much more exciting and highly anticipated happened - It was Opening Day of The 2010 Real Estate Season! Having been a leading member of the Rancho Santa Fe real estate community for twenty years, I have a unique insight into the behavior and thoughts of buyers and sellers in our market.
Timing the real estate market is deceptively simple - buy properties at a low price and sell them at a high price. In fact, many Buyers at this very moment are perched upon the proverbial fence, waiting...and waiting for the right moment for home prices to bottom out so that they may make their valued purchase.
If you've been sitting on the sidelines waiting for the prime opportunity to snatch up a real estate deal of a lifetime, you may want to stand up now! Through all the ups and downs, doom and gloom of the current housing market in San Diego, there's one positive sign that most real estate professionals agree on: now is a fantastic time to buy the home of your dreams.
Prudential California Realty is pleased to announce that K. Ann Brizolis and Associates ranked number one in Rancho Santa Fe, and number five in San Diego County, for their sales production in 2009. Brizolis and her team also ranked number nine out of the company’s 3,400 agents in Southern California.
With so many homeowners delinquent on their mortgages, the number of short sales hitting the market has increased dramatically, particularly over the last year. Many buyers see this as a prime opportunity to get a great deal on a luxury Rancho Santa Fe home, but the process of purchasing a short sale can at times be more trouble than it's worth.
As we welcome the New Year, understanding the challenges that we faced in the real estate industry in 2009 will better prepare us for the opportunities that will present themselves in 2010. This is an ideal time to evaluate the decision to either hold or sell your property. In appreciating markets, the costs to hold, maintain and improve your property were absorbed and realized financially at the time the property sold. We all enjoyed this scenario in past years.
We offer the highest level of expertise, service, and integrity.
K. Ann Brizolis & Associates is the premier real estate team in Rancho Santa Fe and has helped hundreds of buyers find their dream home in Rancho Santa Fe and beyond, resulting in over $1.2 Billion of closed residential real estate transactions in the last 10 years.