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MeganÕ s Message
VOLUME 5
I
ISSUE 5
The Annual Talmadge 4th of July Parade
Selling in a softer market can you MORE money! What the heck isNET happening in San Diego real estate?! IfAre youÕvehomes been watching roller coaster of a sidelines thesenow? past eventheselling? Can I market even from get the a loan right several years, it may just be time to hop on and enjoy the ride! Yes, prices have risen are some ofasthe questions I get on a daily basis toThese record values, and while a seller, you may need to contend with being a bitin more negotiable these days than, say, even a month ago, there is still opportunity to the midst of our COVID19 shelter in place period.
Meet your neighbor Wendy Reynolds
Our spotlight this month is on Wendy Reynolds of Talmadge. and benefit thanks to their service!), and if A San Diego native, Reynolds I am here to tell you that indeed, homes The time to sell is if you moving up (current you home owners looking to are borrowing $701,500 or less, which grew up in Clairemont, went to arebest selling and people are are getting loans. improve their housing situation), whether downsizing,puts upsizing, or moving to the you in the conventional financing Mission Bay High School and It’s still a bit early to see any price community thatÕs always been dreamed about. Now may be the perfect time to take category, many lenders will still allow you attended San Diego State for adjustment trends as we tend to measure action. While you may end up taking a little less than you would have if you had July 4th at 11am“GO AZTECS!” Along to put as little as 5% down. All loansMonday, and college, that trend over a 3–6 month time frame sold several months ago, chances are you are still able to achieve a healthy proÞt. all lenders are not created equal, nor are the way Reynolds moved to and we just don’t have that hindsight In real estate, we always say that the deal is always in the ÒbuyÓ, meaning the lower Attention Neighbors you are invited The Annual theirwill financing programs. me for San Francisco andtoafter 20 as price of yet. But I can that Ithe ambetter still proÞt you the you pay for tell the you property, ultimately yield overContact time. Talmadge 4th of July Parade! Meet me at a referral to a trustworthy lender that can years in the Bay Area,the sheTalmadge consistently seeing multiple offers on TrafÞce circle, (intersection of Adams Ave. & 49th St.) at providerates, you a the information to decided she needed a change properties in starts San Diego, particularly in the As the market to soften in response to rising interest buyer will likelyyou need 11am. startedago. in your research. and made the move back to her $1.2a million range andif below withpurchasing both get better deal than they were aboutget 6 months It seems that both buyersand andseller sellersclients. are starting to work together a bit more to Þnd a happy hometown San Diego. my buyer Of course, Be sure to decorate your bikes,ofscooters, furry After 4-legged medium, a Òwin-winÓ, you will. and overall of course yourselves! If you would like to explore buying family and/ members and going to area open houses, this depends on theif location or selling in this ever changing market, she came across Talmadge. presentation, but with an already very If you would like to participatetobyReynolds, decorating“Iyour Iflimited you areset a buyer, please donÕt sit for on the sidelines and watch world (and your give me athe call at 619.944.2798 or email According loved of housing inventory buyers vehicle and lining up, please park yourselves along 49th home) pass you by. When the market is a bit soft, which happens from time to time me at Megan@MeganB.com. I’d be happy the friendly neighborhood vibe out there to choose from, it’s even tighter St. at the trafÞc circle just south of Adams Ave. by 11am (itnow. happened for about 3-4 weeks with an immediatetoand short with lived you response themy service discuss whatto sets and all the planned activities. Those that can still qualify for a sharp! COVID outbreak, and look what happened from thereÉ), it doesnÕt often last long. apart from the rest! I haven’t seen a neighborhood loan are able to take advantage of the As always, I will bring popsicles, and a festive quitewaters, like Talmadge.” still low rates and achieve their dream of If youÕre interested in learning more about the current dynamics of the market and spirit to the event. If youÕd like to set up along the homeownership, or downsizing. what might be bestmoving for you,up, please reach out to me at 619-944-2798. IÕd love to talk parade route, look for the route markers the week prior. In May of 2019, Reynolds made to you about how I can help you buy or sell here in San Diego. Talmadge her home. A graphic Loans can be a little tricky these days I am really looking forward to seeing all of you this year! designer for 25 years, she has for a primary residence and trickier still A note from your neighborhood Lender, Dan Keyes: owned business, for an investment property. For a primary For more information you her can own reachdesign me at 619.994.2798 With the changes in the market it is actually a great time to buy! Yes, Olive Design for 20 years and is residence loan, withrates many not all) there are also less houses getting 25 offers or Megan@MeganB.com. are(but up. However, the having Þnal purchase price up by 10-20% above list price! How currently freelancing. Ultimately, lenders, you shouldpushing count on at does this beneÞt the buyer? A few months ago, a house would come she is looking for a permanent least 20% down if you are needing to on the market for around $1 million and would sell well above that, employee position (hint, hint). borrow $701,501 or higher as this puts you maybe around $1.2 million or more. With 20% down or $240,000 on a You can find her online portfolio in the “jumbo loan”conventional category. Most lenders loan with lower rates in the 4Õs the full PITI (principal, T his event is at wendyreynolds.myportfolio. are still processing interest, VA loans up and to $1insurance) million payment would be around $6,000 per taxes sponsored com. In her free time, Reynolds $0 down (always anmonth. incredible opportunity Now the same house listed around $1 million may very well sell by closer to the actual asking price. Effectively, the 20% equity down loves hiking, mountain biking, Megan Beauvais payment is $200,000 with rates in the low 5Õs would give us a PITI of print making, art shows and & Associates, around $5,500. Not only is the buyer saving $40,000 in down payment happy hour. Her passions Compass. but the payment is also lower, about $500 per month . If you are include travel, photography looking to get pre-approved, contact me today! and she loves her adorable dog, Diego. If you see them out in 619.665.3988 | DKeyes@WesternFinancialFunding.com | NMLS#232097 | DRE#01123090 the neighborhood, be sure to Have questions about real estate? Contact Megan! say hello! Happy to have you here, Wendy! Megan Beauvais
be had.
REALTOR® 619.944.2798
Have Questions About Real Estate? Contact Megan!
megan@meganb.com 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.
Megan Beauvais REALTOR¨, GRI, DRE# 01426805 | 619.944.2798 | 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 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.