Search Results for San Diegotag:searchlightcrusade.net,2024:/mt//feed/San Diego2024-05-05T18:40:27ZMovable Type 4.21-en3351335First Time Buyer Programs: The Mortgage Credit Certificate (MCC)tag:www.searchlightcrusade.net,2008://3.38052024-04-15T14:00:00Z2024-04-15T15:36:09ZDan Melsonhttp://www.searchlightcrusade.net/
This is a nationwide program for first time home buyers that helps them qualify for the loan by saving them even more money on their tax bill. With that said, however, the state of California accounts for more than 50...
Buyer's Markets Are A Great Time For Moving Uptag:www.searchlightcrusade.net,2009://3.48402023-12-25T15:00:00Z2023-12-25T16:27:37ZDan Melsonhttp://www.searchlightcrusade.net/
I have said repeatedly that buyer's markets are not the time to be selling a property if you have any choice. There is one exception: People looking to turn around and buy a more expensive property. If you're looking to...
Full Service Agent For Discount Price? Demand Specifics!tag:www.searchlightcrusade.net,2009://3.48392023-11-27T15:00:00Z2023-11-27T13:22:45ZDan Melsonhttp://www.searchlightcrusade.net/
There is no such thing as a free lunch, but lots of people will pretend there is. It seems to me that many people consider compensation earned by real estate agents as paying some kind of toll. They think of...
First Time Buyer Programs and Multi-Family Housingtag:www.searchlightcrusade.net,2009://3.48262023-06-26T14:00:00Z2023-06-26T13:26:44ZDan Melsonhttp://www.searchlightcrusade.net/
Can I qualify for first time home buyer financing if I buy a duplex and live in one and rent out the other? I thought if I bought a duplex, lived in one side and rented out the other would...
Two Things Sellers Need To Understand About Buyerstag:www.searchlightcrusade.net,2011://3.50422023-06-19T14:00:00Z2023-06-19T15:22:00ZDan Melsonhttp://www.searchlightcrusade.net/
There's an old saying in sales: "The best way to achieve your dreams is to help others achieve theirs". I wasn't able to run it down to the original attribution, but it is as true a saying as can...
The Era of Make Believe Loans and The Law of Unintended Consequencestag:www.searchlightcrusade.net,2009://3.48092023-02-21T15:00:00Z2023-02-21T16:05:35ZDan Melsonhttp://www.searchlightcrusade.net/
One of the things I've heard and read other agents complaining about is that they can't find qualified buyers to represent. Welcome to Unintended Consequences 101. The way that the market had been working is this: Young, often unmarried, buyers...
What Do You Know That I Don't Know?tag:www.searchlightcrusade.net,2007://3.36752023-01-16T15:00:00Z2023-01-16T16:01:01ZDan Melsonhttp://www.searchlightcrusade.net/
Whenever I go scouting in public forums, somebody is always asking, "What's the secret? How do you get rich in real estate?" The alternate to this question is "What do you know that I don't?" These people are sure there's...
When Selling, You Need To Understand Your Target Markettag:www.searchlightcrusade.net,2009://3.47872022-09-19T14:00:00Z2022-09-19T13:45:29ZDan Melsonhttp://www.searchlightcrusade.net/
One of the hard things to get through to sellers is to understand the characteristics of the sort of buyers they need in order to have a successful transaction. If a given set of prospective buyers can't afford the property,...
Segmented Real Estate Markets And Taking Advantage of Themtag:www.searchlightcrusade.net,2010://3.50262022-04-11T14:00:00Z2022-04-11T13:42:53ZDan Melsonhttp://www.searchlightcrusade.net/
Market segmentation is what happens when certain things are much more in demand than others. For instance in the hot market brought on by the tax credit of 2009, the central area of San Diego was in high demand,...
Economics of Housing in High Density Areastag:www.searchlightcrusade.net,2009://3.47382022-03-28T14:00:00Z2022-03-28T15:06:13ZDan Melsonhttp://www.searchlightcrusade.net/
Here are the facts of the situation, whether you're talking about San Diego or Manhattan, the Bay Area, Los Angeles, or any of the other densely packed, high cost areas where all the employment and career opportunities are. Fact 1:...
Some Secrets to Good Transactionstag:www.searchlightcrusade.net,2009://3.47342022-03-07T15:00:00Z2022-03-07T14:16:57ZDan Melsonhttp://www.searchlightcrusade.net/
Be prepared for trouble before it happens, know how strong your position is or isn't, and don't ever overplay your hand. Real estate transactions are the largest transactions most folks get involved in. Even small percentages of $500,000 or more...
Wanting a More Expensive Property Than You Can Really Affordtag:www.searchlightcrusade.net,2009://3.47322022-02-21T15:00:00Z2022-02-21T17:10:27ZDan Melsonhttp://www.searchlightcrusade.net/
This is one of the biggest issues with my local real estate market. Because the San Diego market has very high demand and limited supply of property, prices are high. A reasonable two bedroom condo runs around $200,000. A 1200...
Full Circle: Back to More Traditional Lending Standardstag:www.searchlightcrusade.net,2009://3.47192021-12-21T15:00:00Z2021-12-21T18:14:13ZDan Melsonhttp://www.searchlightcrusade.net/
When things went south in the real estate market, I saw more changes in the lending industry in a few months than the previous five years. But those changes mostly restored us to the place we were a few years...
The Measurement Unit For Desirability Is Dollarstag:www.searchlightcrusade.net,2010://3.50242021-11-23T15:00:00Z2021-11-23T16:17:28ZDan Melsonhttp://www.searchlightcrusade.net/
I have been asked by more than one person how to measure desirability of real estate objectively. Fortunately, the Phoenicians did all the hard work for me three thousand years ago when they invented money. Precisely what that measurement unit...
Low Equity (or Worse!) Relocations in a Buyer's Markettag:www.searchlightcrusade.net,2009://3.46932021-10-26T14:00:00Z2021-10-26T13:09:44ZDan Melsonhttp://www.searchlightcrusade.net/
Hi, Dan! I just came across your website and you strike me as the type of guy who has answers for our situation: My husband and I built our home 2.5 years ago. We took out a second mortgage...
Recording Errors and Title Insurancetag:gockel.hmdnsgroup.com,2006:/~searchli//3.22382021-10-23T14:00:00Z2021-10-23T13:36:38ZDan Melsonhttp://www.searchlightcrusade.net/
I just got a google search where the question asked was "What if the mortgage is recorded in the wrong county?" I've never actually seen this (and San Diego County, once upon a time, included what is now Riverside, Imperial...
When Your Offer is Rejectedtag:www.searchlightcrusade.net,2007://3.34992021-10-18T14:00:00Z2021-10-18T15:48:08ZDan Melsonhttp://www.searchlightcrusade.net/
"overpriced house offer rejected what next" (Before I get started, I want to make it clear that I am using the same definition of worth found in this article) The first thing to consider is the seller obviously didn't feel...
Shopping For The Best Loan In The Changed Lending Environmenttag:www.searchlightcrusade.net,2010://3.50182021-10-08T14:00:00Z2021-10-08T13:15:22ZDan Melsonhttp://www.searchlightcrusade.net/
It shouldn't be any surprise to anyone with the headlines of the last few years that shopping for a mortgage loan has radically changed. Indeed, a lot of the regulatory changes seem directly aimed at what were the best...
Loan Qualification Standards - Loan to Value Ratiotag:gockel.hmdnsgroup.com,2007:/~searchli//3.29162021-10-06T14:00:00Z2021-10-06T14:02:23ZDan Melsonhttp://www.searchlightcrusade.net/
Many folks have no idea how qualified they are as borrowers. There are two ratios that, together with credit score, tell how qualified you are for a loan. The more important of these two ratios is Debt-to-Income ratio, usually abbreviated...
Option ARMs and Cash Flowtag:gockel.hmdnsgroup.com,2007:/~searchli//3.29112021-10-02T14:00:00Z2021-10-02T14:59:24ZDan Melsonhttp://www.searchlightcrusade.net/
One of the standard arguments I hear about Negative Amortization and Option ARM loans is that they "give the client the option to make a smaller payment if they need to." This so-called "Pick A Pay" benefit is a real...