Broadpoint Properties, a North San Diego County Real Estate Brokerage, has just moved to a new location. We are now bigger and better than ever before! Our office now boasts over 4000 square feet of workspace, including two conference rooms, and a gorgeous lobby. We are situated in downtown Escondido, directly across from Bank of America. Street parking is available. Additionally, there is a large parking lot behind the building.

If you are local or are visiting North San Diego County this month, we could love for you to join us at our Grand Opening Party.

Please Join Us…

Date: Thursday, August 26, 2010

Time: 4:00 p.m. – 6:00 p.m.

Place: 220 West Second Avenue, Escondido, California

Food • Drink • Live Music • Surprises

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This gorgeous Oceanside property is located at 4874 Palmetto Drive in Oceanside, California.  The property boasts 4 bedrooms and 2 bathrooms and has been upgraded throughout. Upgrades include a kitchen with new wood cabinetry and stainless appliances. New dual pane vinyl windows, new faucets and lighting throughout. Neutral paint and flooring make this home move-in ready. All you need is your furniture!

This home is offered for sale at $280,000.00 and will be shown by appointment only. Please call our office to set up an appointment. In the meantime, enjoy this short video.

]]> http://servingsandiegocounty.com/buyers/oceanside-home-for-sale-4874-palmetto-drive-oceanside-california/feed/ 0 http://servingsandiegocounty.com/short-sale/short-sales-in-escondido/ http://servingsandiegocounty.com/short-sale/short-sales-in-escondido/#comments Tue, 27 Jul 2010 02:50:43 +0000 Melissa Zavala http://servingsandiegocounty.com/?p=1020

Question: How much does it cost to list your Escondido short sale?

Answer: Nothing!

In San Diego County right now, there are over 3000 active and contingent short sale listings for sale.* Some parts of San Diego County have more short sales then others. Escondido has more short sale listings then some of those other communities.

One of the agents in my office took a short sale listing recently and the seller had some very good questions about costs. The seller was concerned about the commission. This seller wanted to know how much it would cost to list his Escondido short sale.

Great question with a simple answer. In a traditional short sale, the commission is paid from the seller’s proceeds. In a short sale, there are no seller proceeds since the seller owes more on the home than it is worth. So, in a short sale, the mortgage lender pays the commission out of the proceeds.

The next question that came up was with regard to the listing agreement. If the seller agrees to a 6 percent commission on the listing agreement and the mortgage lender approves less, who must pay the difference?

If the mortgage lender happens to reduce the commission below the amount on the listing agreement, then the agent will only earn the commission approved by the seller’s lien holder. By law, all costs associated with a short sale must be reported on the final settlement statement at closing. This includes all commissions paid to listing and selling agents. Because of this, the seller would not be responsible for the difference between the commission on the signed listing agreement and the approved commission on the short sale approval letter.

There are other costs associated with an Escondido short sale. These may include Homeowner’s Association dues, title insurance, home warranty, and escrow. Each short sale is unique and the amount approved by the lien holder is different on each and every short sale. Generally, most of these costs are paid for by the mortgage lender. However, if you have your home listed as an Escondido short sale and have received a short sale approval letter, it is a good idea to review the costs with your Realtor® and your escrow officer just to make sure that there are no unanticipated expenses at close of escrow.

*Statistics are obtained from Sandicor Multiple Listing Service. ‘Active’ refers to properties with no buyer. ‘Contingent’ refers to short sales with an accepted offer, currently waiting lender approval.

Oceanside short sales are becoming increasingly more common. Some sellers in Oceanside California owe more on their properties than their home is worth and need to sell right now.

Many of those homeowners who need to sell their homes right now in Oceanside may need to do so because of a job loss, a decrease in pay, or an adjustment to their mortgage rate that they just cannot afford. Other reasons that sellers may need to participate in a short sale may include divorce or medical issues. An Oceanside short sale can take place when a seller has a qualified hardship and owes more to the bank than the property is worth. In this transaction, the bank will agree to accept an offer from a buyer and forgive the difference between the original loan amount and the new purchase price. Any borrower who wants to sell their home and has a verifiable hardship may qualify to participate in a short sale transaction.

You may have heard that a short sale is a nightmare real estate transaction. That may have been true in the past and that may be the case with some unique transactions. However, there are some new programs available in order to make a short sale transaction a little more efficient. One of these programs is the HAFA Program. You can watch a video about the HAFA Program here. If an Oceanside short sale seller qualifies for this program, there may be a $3000 move-out incentive as well as some other great benefits of participating in the short sale.

Generally, home sellers in Oceanside have lots of questions and concerns about the short sale transaction. The good news is that these short sale questions can be answered by a qualified Realtor®–one who has processed many short sales and has the contacts and the know how to get the job done.

Broadpoint Properties, a real estate brokerage in Escondido, California has just moved to a new location.

Formerly located on the corner of Broadway and Grand (above Filippi’s) in 2000 square feet of office space, the office has now moved just two blocks over to 220 West Second Avenue in Escondido, directly across from Bank of America.

Because of all of our loyal clients, our office has grown significantly in the past few years. Our new location features 4000 square feet of office space.

Parking is available on Second Avenue in front of the building. Additionally there is a large parking lot behind the building when can be accessed from the alley via Maple or Escondido Boulevard.

If you are local, please stop by our new ‘digs’ and check ‘em out.

Also, don’t forget to keep a lookout for our Grand Opening Invitation which should be hitting the Internet and your mailbox sometime soon.

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