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	<title>The Real Estate Textbook</title>
	
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	<description>San Diego Real Estate Blog by William E Johnson</description>
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		<title>Lake Tahoe</title>
		<link>http://therealestatetextbook.com/2009/09/17/lake-tahoe/</link>
		<comments>http://therealestatetextbook.com/2009/09/17/lake-tahoe/#comments</comments>
		<pubDate>Thu, 17 Sep 2009 12:32:25 +0000</pubDate>
		<dc:creator>William Johnson</dc:creator>
				<category><![CDATA[William's Friends and Family]]></category>
		<category><![CDATA[William's Life in San Diego Musings]]></category>

		<guid isPermaLink="false">http://therealestatetextbook.com/?p=1135</guid>
		<description><![CDATA[


Lake Tahoe



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<dd>Lake Tahoe</dd>
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<p><img class="size-medium wp-image-1134 " src="http://therealestatetextbook.com/files/2009/09/Lake-Tahoe-and-Sugar-Pine-Park-Sept-16-2009-099-300x225.jpg" alt="Lake Tahoe" width="449" height="260" /></p>
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		<title>San Diego Real Estate …. WOW!…Wireless Discount Coupons with new iPhone App…. YOWZA!!</title>
		<link>http://therealestatetextbook.com/2009/09/03/san-diego-real-estate-wow-wireless-discount-coupons-with-new-iphone-app-yowza/</link>
		<comments>http://therealestatetextbook.com/2009/09/03/san-diego-real-estate-wow-wireless-discount-coupons-with-new-iphone-app-yowza/#comments</comments>
		<pubDate>Thu, 03 Sep 2009 16:07:15 +0000</pubDate>
		<dc:creator>William Johnson</dc:creator>
				<category><![CDATA[Buying San Diego Real Estate]]></category>
		<category><![CDATA[Local San Diego News You Can Use]]></category>
		<category><![CDATA[William's Life in San Diego Musings]]></category>

		<guid isPermaLink="false">http://therealestatetextbook.com/?p=1129</guid>
		<description><![CDATA[San Diego Real Estate &#8230;. WOW!&#8230;Wireless Discount Coupons with new iPhone App&#8230;. YOWZA!!
Wireless is in, paper is out. Even for those that like to clip coupons to their favorite restaurants or department stores. With competition heating up, having access to coupons on your cell phone will make it really easy. Remember to take your phone [...]]]></description>
			<content:encoded><![CDATA[<p><strong><img class="alignleft size-medium wp-image-1130" style="margin: 15px" src="http://therealestatetextbook.com/files/2009/09/Yowza-Logo-300x195.jpg" alt="Yowza Logo" width="300" height="195" />San Diego Real Estate &#8230;. WOW!&#8230;Wireless Discount Coupons with new iPhone App&#8230;. <a href="https://getyowza.com/" target="_blank">YOWZA!!</a></strong></p>
<p><strong>Wireless is in, paper is out.</strong> Even for those that like to clip coupons to their favorite restaurants or department stores. With competition heating up, having access to coupons on your cell phone will make it really easy. Remember to take your phone with you and forget the paper coupon.</p>
<p><strong>Well,that is how it is for some businesses already and there will be growing encouragement on retailers </strong>to be sure to add their coupons online as well as  running those coupons in newspapers and mailers and making them available to access right on your phone.</p>
<p><strong>The software app was developed by <a href="https://getyowza.com/" target="_blank">Yowsa</a> and can be downloaded now for iPhone users</strong>. Perhaps there will be other platforms in the near future but<strong> for now, iPhone is the place</strong>. When I have asked people what kind of phone they have and they answer other than the iPhone, I always chuckle and say , “Gee that’s too bad”. The truth is though that I am sure all phones with data plans will eventually have these type of apps. When you think about it, clipping coupons is not always convenient and most often, even when you have a coupon, you forget to take it, at least I do.<span id="more-1129"></span></p>
<p><strong>Problem solved</strong>. At least for a few companies that are integrating their coupons with the<a href="https://getyowza.com/" target="_blank"> Yowsa</a> software that runs the app. And the way it works is so cool. You either get a promotional code that is imputted into the cash register at time of checkout or you get a bar code right on the screen of your iPhone and it can be scanned. <img class="size-medium wp-image-1131 alignright" style="margin: 15px" src="http://therealestatetextbook.com/files/2009/09/photo-200x300.jpg" alt="photo" width="200" height="300" /></p>
<p><strong>What could be more convenient</strong> <strong>?</strong> Frankly with the economy the way it is and people looking for breaks in retail and food prices anywhere they can find them, this new service could not be more timely. This idea could also work for any type of service that might include hair salons, carpet cleaners, dry cleaners, laundry, car washes,  etc.</p>
<p><strong>There will be more and more of demand for online coupons as people start asking about them</strong>. As people get used t the idea that these great money savers are online and ready for them, they will downloading the app and taking advantage so that they can carry all the coupons with them. These coupons might even determine where you might want to eat lunch one day based just on the fact that you have a coupon with you.</p>
<p><strong>I downloaded the app and a number of stores come up</strong>. For example, REI, Sears, Saks Fifth Ave, The Container store, Islands Restaurant, Pier 1 Imports, Rubio’s, The Sports Authority,Tutti Fruiti Yogurt, Mountain Mikes Pizza , Loehman’s, golf courses and there were more. I had written to <a href="https://getyowza.com/" target="_blank">Yowza</a> seeking permission to use their logo which they granted and they also informed me that some new restaurants in my area are about to come on line with Yowza. Great news.</p>
<p><strong><a href="https://getyowza.com/" target="_blank">Yowza</a> has this cool little dial for how many miles away you want your list from</strong>. There is a also an<a title="Yowza" href="https://getyowza.com/faq" target="_blank"> FAQ section</a> on Yowza’s Home page.</p>
<p><strong>You will want to check this out</strong>. And I have an idea from the vast number of stores I haven’t mentioned that Yowza could use some help getting the word out and I for one will be telling stores where I shop about it and encouraging them to sign up. Hey, it’s in our best interest, right? So tell your clients about it, tell from friends and mention it at stores you shop in. <strong>I thnk <a href="https://getyowza.com/" target="_blank">Yowza</a> is going to become one of my favorite iPhone apps</strong>.</p>
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		<title>San Diego Real Estate- What’s The Future Of Our Technology and Our Mother Earth</title>
		<link>http://therealestatetextbook.com/2009/07/31/san-diego-real-estate-whats-the-future-of-our-technology-and-our-mother-earth/</link>
		<comments>http://therealestatetextbook.com/2009/07/31/san-diego-real-estate-whats-the-future-of-our-technology-and-our-mother-earth/#comments</comments>
		<pubDate>Fri, 31 Jul 2009 17:35:15 +0000</pubDate>
		<dc:creator>William Johnson</dc:creator>
				<category><![CDATA[Local San Diego News You Can Use]]></category>
		<category><![CDATA[Selling San Diego Real Estate]]></category>
		<category><![CDATA[William's Life in San Diego Musings]]></category>
		<category><![CDATA[landfills]]></category>

		<guid isPermaLink="false">http://therealestatetextbook.com/?p=390</guid>
		<description><![CDATA[San Diego Real Estate- What&#8217;s The Future Of Our Technology and Our Mother Earth
We are still in the infancy stage of developing the technology that will become common place in our world. Technology has been developing since the dawn of civilization in one form or another. In recent decades, we are bombarded with so many different [...]]]></description>
			<content:encoded><![CDATA[<p><strong><img class="alignleft size-full wp-image-1110" style="margin: 15px" src="http://therealestatetextbook.com/files/2009/07/Future-Science.jpg" alt="Future Science" width="89" height="128" />San Diego Real Estate- What&#8217;s The Future Of Our Technology and Our Mother Earth</strong></p>
<p><strong>We are still in the infancy stage of developing the technology</strong> that will become common place in our world. Technology has been developing since the dawn of civilization in one form or another. In recent decades, we are bombarded with so many different manifestations of it in our daily lives. But more recently as different ways of utilizing it come out in the market, we as consumers anxiously try to obtain as many of these latest and greatest gadgets as our budgets allow. We are filling our homes and cars with them everyday.</p>
<p><strong>There is however a bigger price to pay than what we can easily afford</strong>. We are  beginning to see what all these machines and the gadgets look like as they pile up in our homes, older models not being used and relegated to the garage or anyplace else we find to store them. This includes old printers, monitors, computers, PDA&#8217;s, cell phones, scanners, copiers, analog TV’s, first and 2<sup>nd</sup> generation digital cameras. If you can name it we each probably have several. Now think of all the people that must have some of these old antiquated things and you begin to see what the landfills will be looking like when theses items are incorrectly disposed of.</p>
<p><strong>One day soon, we will need to strike the ultimate balance</strong> when everything we want and even create the need for,  somehow integrates itself seamlessly into our homes. I imagine a day when we will have one great master system and everything we have, technology wise,  will be a part of the master system.<span id="more-390"></span></p>
<p><strong>In America, we all need our gadgets</strong>, the cell phones, iPod and mp3 players , PDA&#8217;s and laptops, video players and DVD&#8217;s, CDRoms and Scanners, copiers and printers, desk top computers and notebook PC&#8217;s and TV&#8217;s of all shapes, sizes and models. But we also continue to look to others to be responsible when it is time to rid them from our lives. There was nothing on the box that said, please return these to the manufacturer when they have served their useful life.</p>
<p><strong>Mother Earth is screaming not to stuff these  in her secret</strong> <strong>places</strong> and not to bury them them beneath her skin or in her waters. While she is screaming, only a few can hear her. She has been tuned out with the noise of society, the same one she comforted before they abused her. She is no longer silent, she has gathered many voices new voices, not as melodious as her voice but they&#8217;re speaking for her often.</p>
<div class="bjtags">Tags:  <a rel="tag" href="http://technorati.com/tag/Technology">Technology</a>, <a rel="tag" href="http://technorati.com/tag/mother+earth">mother+earth</a>, <a rel="tag" href="http://technorati.com/tag/San+Diego+Real+Estate">San+Diego+Real+Estate</a></div>
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		<title>San Diego Real Estate – San Diego Median Price Home Increased in June 2009</title>
		<link>http://therealestatetextbook.com/2009/07/29/san-diego-real-estate-san-diego-median-price-home-increased-in-june-2009/</link>
		<comments>http://therealestatetextbook.com/2009/07/29/san-diego-real-estate-san-diego-median-price-home-increased-in-june-2009/#comments</comments>
		<pubDate>Wed, 29 Jul 2009 21:58:04 +0000</pubDate>
		<dc:creator>William Johnson</dc:creator>
				<category><![CDATA[San Diego Real Estate]]></category>

		<guid isPermaLink="false">http://therealestatetextbook.com/?p=1100</guid>
		<description><![CDATA[ 
San Diego Median Price Home Increased in June 2009
The median price of single family detached homes that sold in June was up 7.7 % over May to $350,000. This median price though is down 13.6% from a year ago.
The Condo market faired equally well with a 5.5 % percent gain the median price but [...]]]></description>
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<p><strong>San Diego Median Price Home Increased in June 2009</strong></p>
<p><strong>The median price of single family detached homes that sold in June was up 7.7 %</strong> over May to $350,000. This median price though is down 13.6% from a year ago.</p>
<p><strong>The Condo market faired equally well with a 5.5 % percent gain</strong> the median price but reflected a 19% drop over the last year.</p>
<p><strong>The new construction sales of homes and condos did not fair as well</strong> with a drop in the median price of 4.3 % with a median value of $455,500. Over the last year the median price of new construction shows a 7% decrease.</p>
<p><strong>If you are Buying, Selling or Relocating to San Diego and need help from a professional REALTOR®</strong>, give me a call or visit my <a href="../">website</a> and  sign up for Listing alerts for your favorite San Diego Homes and Condominiums Property Searchs. I specialize in Single Family Homes and Condominiums throughout the coast and inland areas of San Diego. Some of the communities are La Jolla, University Town Center, Bay Park, Mission Valley, Pacific Beach, Scripts Ranch, Poway, Carmel Mountain Ranch, Rancho Bernardo, Rancho Penasquitos,Carmel Valley and Solana Beach. If I didn&#8217;t mention a city or community that you are interested in, just let me know  and I will find you an expert for that community as well.</p>
<p>Need Help and Guidelines for Buying or Selling a Home ? Check out my new &#8221; Voice of San Diego Real Estate Blog &#8220;</p>
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		<title>My Little Tinker Now Awaits for Me at the Rainbow Bridge</title>
		<link>http://therealestatetextbook.com/2009/07/19/my-little-tinker-now-awaits-for-me-at-the-rainbow-bridge/</link>
		<comments>http://therealestatetextbook.com/2009/07/19/my-little-tinker-now-awaits-for-me-at-the-rainbow-bridge/#comments</comments>
		<pubDate>Sun, 19 Jul 2009 22:50:44 +0000</pubDate>
		<dc:creator>William Johnson</dc:creator>
				<category><![CDATA[San Diego Real Estate]]></category>

		<guid isPermaLink="false">http://therealestatetextbook.com/?p=1084</guid>
		<description><![CDATA[Many have been asking where I have been for the past week. This past Thursday I sent my little one ( 2.5 lb Yorkie) in to have her bi-annual teeth cleaning. She didn’t come home, that is until today and it was her cremains in a small little box with a heart on it in [...]]]></description>
			<content:encoded><![CDATA[<div id="attachment_1087" class="wp-caption alignleft" style="width: 310px"><img class="size-medium wp-image-1087" style="margin: 15px" title="CIMG0650" src="http://therealestatetextbook.com/files/2009/07/CIMG0650-300x225.jpg" alt="CIMG0650" width="300" height="225" /><p class="wp-caption-text">Tinker</p></div>
<p><strong>Many have been asking where I have been for the past week</strong>. This past Thursday I sent my little one ( 2.5 lb Yorkie) in to have her bi-annual teeth cleaning. She didn’t come home, that is until today and it was her cremains in a small little box with a heart on it in which her little foot print was impressed upon it. Having gone through this just 10 months ago with my other little girl, I know what&#8217;s in the unopened box.</p>
<p><strong>This past Thursday she went in to the vets in the morning and I had a contractors inspection</strong> to attend late the morning so I would be picking her up in the afternoon. I did not receive a call from the vets office so I called in to check what time to pick her up and I was asked to hold on a moment for the Vet. A bit strange but she picked up quickly and said “ how sorry she was that little Tinker had complications and died shortly after the procedure. I sort of went into shock not even able to talk.</p>
<p><strong>So the past number of days I have been grieving and being alternatively angry</strong>. Having nightmares about her needing me and I couldn’t reach her. Sleeping has consisted of falling asleep in a chair and awakening thinking she needs to go out.</p>
<p><strong>Tinker had this really cute way about her</strong>, not being a barker, of coming into a room I was in and she would walk to some distance away where I could see her and then she would turn around and face me and would just look at me. She either needed to go out or wanted to eat. So I usually always asked both questions. When I hit on the right one, she would either run to the door or the Kitchen where her treats were. When I would be at my desk, however, she made this tiny little noise, I can&#8217;t describe it but when I would hear it, I would look down and there she was. It was her way of talking to me that she needed something, mostly to go out, which she did about about 20 times a day. She loved walking in the grass , around and around, back and forth, never missing barely an inch of her private yard.</p>
<p><strong>She was so easy on the eyes  as a beautiful little girl with long hair</strong>, silver black with light tan markings. She had the most beautiful gate when she walked, almost like a strut, if you will. I loved to watch her walk going to either side of the yard to do her business. She was so beautiful to watch, as she seemed lighter than air. Her tan markings on her rear side enhanced the look as she walked away from me. She also had the cute way of questioning things. If she wondered about something or something different or unusual was in her path, she would lean to the right and raise her left front leg, not high but it was just so cute. As if to say, &#8220;hold up, I got a think a minute&#8221;.  What is this thing I have encountered. <span id="more-1084"></span></p>
<p><strong>Playing with her had to be on her level so being on the floor and feeling her nustling and nudging around my face and body</strong> was one my wonderful morning highlights. But when we felt scared or uneasy about something she would find comfort laying high on my chest under my neck. She never moved, this was her safe place. Everything in life was so oversized for her being so tiny. But on her morning walks, she was fearless. She knew how to walk so beautifully and never missed a step while setting the pace. When it came to her morning walks, this was the most exciting thing to her and she was always ready, any time, any place.</p>
<p><strong>I can hardly bring myself to talk about having her memories</strong>, I still look for her in the morning. Her little bed is still in place. Late yesterday I got her cremains and I haven’t opened the box as yet maybe because I know what’s in it and maybe because I still don&#8217;t want to accept that it is true. I find myself still grieving her loss while finding it difficult to believe it is even possible she has gone.</p>
<p><strong>I have heard that people and pets can and do die from anesthesia and it is not as rare as it ought to be</strong>. My emotions don’t seem to care that such things are possible, maybe it does happen but surely not to this little one when she had been thoroughly checked out before hand and the vet saw no issues with her health. Then of course I would  reason if I had been there, having saved her life twice before once from a fall that knocked her out and stopped her breathing and a bee sting that closed up her trachea and she had stopped breathing, that I could have done something. I knew how to open up her trachea and breath for her those couple times when she was unable to breath. I used my own breath to breath for her until she would feel strong enough to do it herself. Life sometimes is about circumstances and I can&#8217;t help to question , if only&#8230;..</p>
<p><strong>Now My little sweet and wonderful creature  awaits for me at the Rainbow Bridge </strong>where I hope she has met up with her sister CeCe, my other little one in heaven. CeCe was taken from life last Sept after fighting cancer for 2 and half valiant years. These little sweet wonders in life make our lives complete until that difficult day that comes way too soon and often without notice. And then they tear our hearts out when they leave us and in this case, without even a way to say Goodbye.<br />
<strong> </strong><br />
<strong>I dedicate this post to my Little Tinker’s memory</strong>. May she always know that I love her and miss her so very much. And I now have to accept the promise that we will all one day be rejoined together, <strong>never ever needing to say Goodbye again</strong>.<br />
<a href="http://therealestatetextbook.com/2009/07/19/my-little-tinker-now-awaits-for-me-at-the-rainbow-bridge/"><em>Click here to view the embedded video.</em></a></p>
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		<title>San Diego Real Estate – Sellers Market, Buyers Market or …………..Lenders Market?</title>
		<link>http://therealestatetextbook.com/2009/07/06/san-diego-real-estate-sellers-market-buyers-market-or-lenders-market/</link>
		<comments>http://therealestatetextbook.com/2009/07/06/san-diego-real-estate-sellers-market-buyers-market-or-lenders-market/#comments</comments>
		<pubDate>Tue, 07 Jul 2009 06:15:43 +0000</pubDate>
		<dc:creator>William Johnson</dc:creator>
				<category><![CDATA[Local San Diego News You Can Use]]></category>
		<category><![CDATA[San Diego Real Estate]]></category>
		<category><![CDATA[Distressed Property]]></category>
		<category><![CDATA[IDX]]></category>
		<category><![CDATA[Internet Data Exchange]]></category>
		<category><![CDATA[Lender's Market]]></category>
		<category><![CDATA[REO's]]></category>
		<category><![CDATA[Search for San Diego Homes and Condominiums]]></category>
		<category><![CDATA[Short Sales]]></category>
		<category><![CDATA[The Voice of San Diego Real Estate]]></category>

		<guid isPermaLink="false">http://therealestatetextbook.com/?p=1050</guid>
		<description><![CDATA[ 
San Diego Real Estate – Sellers Market, Buyers Market or …………..Lenders Market?
Buyers rule?  Not so fast.  Certainly that&#8217;s not quite true if the property falls under the category of distressed property.
Distressed property usually needs far more than a paint job, at least, that&#8217;s true, or has been up to now in San Diego&#8217;s  Homes [...]]]></description>
			<content:encoded><![CDATA[<p><span> </span></p>
<p><strong>San Diego Real Estate – Sellers Market, Buyers Market or …………..Lenders Market?</strong><img style="margin: 15px;float: right" src="http://activerain.com/image_store/uploads/1/7/1/2/2/ar124697787822171.jpg" alt="" width="400" height="221" /></p>
<p><strong>Buyers rule?  Not so fast</strong>.  Certainly that&#8217;s not quite true if the property falls under the category of distressed property.</p>
<p><strong>Distressed property usually needs far more than a paint job</strong>, at least, that&#8217;s true, or has been up to now in San Diego&#8217;s  Homes for Sale market. Property is considered distressed if it has been foreclosed by the lender or the owner is seriously late in making payments or the property is upside down.  Upside down meaning that the value of the property is less than the mortgage amount.<br />
<strong>So what am I meaning by Lender&#8217;s market?</strong>To define a &#8220;Lenders Market&#8221;, let&#8217;s first review the characteristics of  a &#8221; <strong>Seller&#8217;s Market</strong> &#8221; and a &#8220;<strong>Buyers Market</strong>&#8220;.</p>
<p><strong>In defining a &#8220;Sellers Market&#8221;, we usually find a lower than usual and faster moving inventory</strong>with prices generally increasing and the Seller more clearly in control to determine  the outcome of any successful effort to purchase. Buyer&#8217;s tend to pay more ( often times more than property might be listed for).  Many of the buyers contingencies are either eliminated or greatly reduced.  The time for removal of contingencies is  shortened.  In some cases many of contingencies are negotiated way, such as a buyers typical request for repairs and the length of time the buyer has to obtain services such as appraisal and loan approval.</p>
<p><span id="more-1050"></span></p>
<p><strong>In a really hot “Seller’s Market”, buyers typically need more  down payment</strong> and higher earnest money deposits that may be defaulted if the Buyer fails to consummate the transaction in the exact time frame as outlined in the purchase agreement.</p>
<p><strong>In a “Buyer’s Market”, buyers tend to have greater control of the time frames</strong> and also many of the terms and conditions in the contract tend to favor their wants. Sort of a flip of what is found in the “Seller’s Markets”. In a “Buyer’s Market”, buyers typically pay less than they might in an active “Seller’s Market” and usually have a larger selection of properties to choose from.</p>
<p><strong>So what then is a “Lender’s Market”?</strong> A “Lenders Market” is typically where there is a large number of or a majority of the market is made up of distressed property sales. Distressed properties being those where the owner is either in default of keeping the mortgage current or has already been foreclosed upon. A property is also said to be distressed if the value of the property is less than the mortgage or trust deed amount and the owners are unable to keep the mortgage current and want to sell the property. When a property has been foreclosed by a lender, it is called <strong>Real Estate Owned ( REO )</strong>. When a property owner wants to sell a property for less than is owed on the property, it is referred to as a <strong>Short Sale.</strong></p>
<p><strong>A &#8220;Lender&#8217;s Market&#8221; might have a combination of many of these characteristics</strong>. Many of the buyers benefits in their offer to purchase are striped away including the pest inspection and clearance, closing costs, home warranties and repair requests with the lender opting to sell the property in it&#8217;s present physical condition. Naturally there are exceptions to this depending on the Lender and whether the distressed property is a short sale or REO. By and large, lenders want the  highest possible price with the least number of contingencies. Only Buyer’s with pre-approved loans are considered and in the case of REO’s, the lenders will give greater priority to All Cash offers over offers with financing even if the offering amount is slightly less.  All Cash offers have less contingencies and can usually close faster clearing the asset from the lender’s books faster without any hassles or delays as may be occasioned by other banks that are providing the Buyer’s loan.</p>
<p><strong>When properties are  “ Sold in it&#8217;s present condition”</strong>, Buyers must be extra diligent  in their property inspection to ascertain to the extent possible, the true nature of the property.</p>
<p><strong>Typically lenders will tighten down time lines and may impose a penalty</strong> if there is any delay in the close of escrow for any reason. The essence of the lenders market is &#8220;<span style="text-decoration: underline">take it or leave it</span>&#8221; . As the saying goes, &#8220;He who has the gold makes the rules&#8221;. But it is also important to know that many REO’s and short sales can be good deals but it does require extra diligence and careful consideration when purchasing them.</p>
<p><strong>To further describe the difference in distressed properties</strong>, in a Short Sale the owner of the property remains the Seller and in the REO, the lender is the new owner and the differences between a short sale and REO can be striking.</p>
<p><strong>In the short sale, the lenders key role is to approve taking a loss in the amount owed on the trust deed or the mortgage</strong>.  When the mortgage is late usually for 3 consecutive pay periods, the lender can file a notice of default. In a short sale, if the owner files documents with the lender explaining the financial distress that is causing the late payment and wants to sell the property, the lender may opt to consider a purchase offer on the property that is short of what is owned combined with the costs of sale. It is a judgment call of the lender since they have the right to file a default notice and if the owner can not correct the default amount, the lender can foreclose. The lender has specific times frames it must follow in this regard. The Buyer as well has a specific amount of time to cure the defaulted payments with any penalties.</p>
<p><strong>Lenders have been encouraged by the government to for stall the foreclosure process</strong> and help slow down the excessive number of foreclosures that have taken place over the last couple years on the defaulting loans.</p>
<p><strong>Lenders involved in distressed properties are clearly in charge </strong>to determine if they will accept  even the highest offer on the property. In the case of short sales, they can either accept writing off the short fall of the outstanding trust deed or opt to continue the foreclosure process. Of late, lenders are becoming much more realistic in understanding that short sales are costing them less than they would have to write off as a bad asset in a foreclosure.</p>
<p><strong>REO&#8217;s close in the shortest possible time period</strong> of property sold in San Diego.  In short sales, there is most often a serious lag time (often months) before the lender even agrees to the process. Today with the greater influence of government encouraging banks to accept the short sale process sooner rather than later, we will most likely see the short sales process refined and the time frames for approval to be lessened.</p>
<p><strong>Distressed property sales in San Diego make up close to 50%</strong> of the entire real estate market in reported sales.  The good news is that equity sales are increasing and perhaps by spring of 2010, the equity sale will once again be a far greater share of the market.</p>
<p>For now, the &#8220;<strong> Lender&#8217;s Market</strong>&#8221; in San Diego homes for sale is certainly the market at hand. For more about Buying and Selling San Diego Real Estate, visit my website <a title="The Voice Of San Diego real Estate" href="http://www.therealestatetextbook.com/" target="_blank">The Voice of San Diego Real Estate.</a> There will find many tools to guide you in the process. if you are seeking to locate any home for sale on the San Diego MLS, you will be able to locate any home or condominium using my IDX ( Internet Data Exchange) by licking on &#8220;Search for Property&#8221;.</p>
<p><strong>Happy Hunting! And feel free to contact me if you would like some personailzed guidance</strong> in the process of searching for San Diego Homes and Condominiums.</p>
<p class="MsoNormal">
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		<title>San Diego Real Estate – Big Bay Boom July 4th Celebration</title>
		<link>http://therealestatetextbook.com/2009/07/04/san-diego-real-estate-big-bay-boom-july-4th-celebration/</link>
		<comments>http://therealestatetextbook.com/2009/07/04/san-diego-real-estate-big-bay-boom-july-4th-celebration/#comments</comments>
		<pubDate>Sun, 05 Jul 2009 00:06:35 +0000</pubDate>
		<dc:creator>William Johnson</dc:creator>
				<category><![CDATA[San Diego Real Estate]]></category>
		<category><![CDATA[William's Life in San Diego Musings]]></category>

		<guid isPermaLink="false">http://therealestatetextbook.com/2009/07/04/san-diego-real-estate-big-bay-boom-july-4th-celebration/</guid>
		<description><![CDATA[San Diego Real Estate – Big Bay Boom July 4th Celebration
San Diegoans stare in awe at the night sky of the amazing specular pyrotechnics on display tonight throughout 16 areas of San Diego. And yes, yours truly will be at one of them, hopefully to get some new outstanding pictures for next years post.
The Big [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft" style="margin: 15px;border: 0px" src="http://therealestatetextbook.com/files/2009/07/hull1.jpg" border="0" alt="Hull1" hspace="15" vspace="15" width="357" height="280" align="left" /><strong>San Diego Real Estate – Big Bay Boom July 4<sup>th</sup> Celebration</strong></p>
<p><strong>San Diegoans stare in awe at the night sky </strong>of the amazing specular pyrotechnics on display tonight throughout 16 areas of San Diego. And yes, yours truly will be at one of them, hopefully to get some new outstanding pictures for next years post.</p>
<p><strong>The Big Bay Boom as it is called on the Bay in Downtown San Diego</strong> has a budget of over $100,000 and is best seem from Seaport Village. One of the best ways to get is there is park at one of the satellite trolley stations near downtown and take the trolley. You can avoid much of the traffic associated with this annual event and simply walk from the trolley station to Seaport Village.<span id="more-1046"></span></p>
<p><strong>Some of the other great locations around the county include, La Jolla, Ocean Beach, SeaWorld</strong>, Camp Pendleton, Poway, Mira Mesa, El Cajon, Coronado. Not to worry that you will miss something, these shows are all coordinated with two production companies, Fireworks America and Pyro Spectaculars and though some of the shows may be a little smaller, the varieties of fireworks and the displays will be extraordinary no matter which one of the shows you attend are more convenient.</p>
<p><strong>Though most of the fireworks come from China, San Diegoans will see some of the more expensive and high end selections from Spain ,Portugal and Italy</strong>. These are not to be missed. <strong>Happy July 4<sup>th</sup></strong> Everyone and Be Safe as we celebrate our Country’s Birthday.</p>
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		<title>Summer Saving Energy Tips While Still Staying Cool In San Diego</title>
		<link>http://therealestatetextbook.com/2009/06/29/summer-saving-energy-tips-while-still-staying-cool-in-san-diego/</link>
		<comments>http://therealestatetextbook.com/2009/06/29/summer-saving-energy-tips-while-still-staying-cool-in-san-diego/#comments</comments>
		<pubDate>Tue, 30 Jun 2009 03:48:44 +0000</pubDate>
		<dc:creator>William Johnson</dc:creator>
				<category><![CDATA[San Diego Real Estate]]></category>
		<category><![CDATA[William's Life in San Diego Musings]]></category>
		<category><![CDATA[ceiliing fans]]></category>
		<category><![CDATA[energy wise]]></category>
		<category><![CDATA[misting mates]]></category>
		<category><![CDATA[programable thermostate]]></category>
		<category><![CDATA[San Diego climate]]></category>
		<category><![CDATA[whole house fan]]></category>

		<guid isPermaLink="false">http://therealestatetextbook.com/?p=391</guid>
		<description><![CDATA[San Diego has been enjoying moderately cool temperatures of late but  heat will be returning soon and here are some ways to conserve energy that can be implemented now and help you remain comfortable as the heat begins to rise. While the San Diego climate is moderate year around, in the summer , our temperatures [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-medium wp-image-1042" style="margin: 15px" src="http://therealestatetextbook.com/files/2009/06/istock_000004855026xsmall-sunstreaming-300x180.jpg" alt="istock_000004855026xsmall-sunstreaming" width="300" height="180" /><strong>San Diego has been enjoying moderately cool temperatures</strong> of late but  heat will be returning soon and here are some ways to conserve energy that can be implemented now and help you remain comfortable as the heat begins to rise. While the San Diego climate is moderate year around, in the summer , our temperatures can very warm especially inland and away from the coast.</p>
<p><strong>Living in San Diego, we needs fan to circulate the wonderful breezes we are get living near the ocean</strong>. But if your windows are closed up and if you have no fans, you are missing one of the best features of living here in San Diego. Ceiling fans today are a very affordable alternative to air conditioning and reasonably easy to install.</p>
<p><strong>So for starters lets turn off the air conditioning on those days when the temperature starts rising into the high 70’s and 80’s</strong>. Open up the windows and turn on the fans. Costco sells these portable misters and a quick shot on the face or neck and you will be cooled right down. The Misting Mates are made for outside, but if you don’t tell, I won’t. And don’t fear getting wet, just take a quick spray and with the air being circulated through your home you will feel very comfortable.<span id="more-391"></span></p>
<p><strong>I would recommend that you invest in a programmable Thermostat</strong>. These can be purchased in the range of $30. You will save an energy costs the first year, as much as several<br />
hundred dollars. In a few years, we&#8217;re talking real money.</p>
<p><strong>The cost of a new energy wise air-conditioning system on average runs in the range of  about $2500-$3000</strong>. It will only take a few years to earn all that savings back and there<br />
may also be some local and state tax incentives for upgrading. Making a phone call to your power company and following that up with a couple calls to the leading HVAC suppliers<br />
should give you all the information and related contact information.</p>
<p><strong>Installing a whole house fan will also dramatically help lift up and out, a lot of warm air</strong> trapped near your ceilings or in your upstairs level. You will notice the change<br />
rather immediately once this is installed.</p>
<p><strong>In the hottest summer months, lower the temperature on your water heater</strong>. The recommended temperature somewhere between 110 and 115°. Taking cooler showers will also make you feel cooler and save a lot of energy.</p>
<p><strong>Consider doing most of your cooking outside on the grill</strong>. It keeps the house a lot cooler and saves boatloads of energy.</p>
<p><strong>Wash clothes in cold water</strong>. Even the dirtiest whites will come clean with the warm setting. Be sure to also reduce the amount of detergent. Less is more in most cases.</p>
<p><strong>The summer months provide so many wonderful activities for outside</strong>. Turn off the TV or at least try watching it less.</p>
<p><strong>Overhead recessed lighting also generates a lot of heat</strong> and using these less will cut down on your energy bills. There is one way however it is proven to be very cost-effective.<br />
Change out all those incandescent bulbs to the new low-energy fluorescent. These bulbs may be a little more costly, but they last longer than virtually give off no heat. Check<br />
with your city power companies. They have periodically set up free exchanges and that makes these new bulbs virtually free.</p>
<p><strong>There are some other more permanent and longer range ways of economizing on energy</strong>. These would include having your home well insulated and it saves a ton of money on energy<br />
costs year around. Good insulation could cut your energy costs as much as 30% a year there is a website, simply go to insulate.com that would help you get even more ideas.</p>
<p><strong>A good landscaping plan a planting leafy trees on the southwest side of the house</strong> will help the extreme heat from overheating the house. In the winter months after all the<br />
leaves have fallen, the leafless trees allow the sun to keep the house warm. It&#8217;s also wise to avoid excessive use of rock, concrete and especially asphalt, particularly on the<br />
west and south side of the house. This heats up with the sun and radiates heat to the house making it even more difficult to cool.</p>
<p><strong>The south and west sides of your home as I  mentioned gets the most sun</strong> and the heat can be reduced significantly by installing white blinds on the windows. The sun and heat are reflected back off of the windows and helps to keep the house cooler as well.</p>
<p><strong>There are many other heat cutting and energy savings ideas</strong>. If you know some, send me a comment and I can add them here. Thanks for sharing.</p>
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		<title>The Unintended Consequenses of Change</title>
		<link>http://therealestatetextbook.com/2009/06/26/the-unintended-consequenses-of-change/</link>
		<comments>http://therealestatetextbook.com/2009/06/26/the-unintended-consequenses-of-change/#comments</comments>
		<pubDate>Fri, 26 Jun 2009 17:00:03 +0000</pubDate>
		<dc:creator>William Johnson</dc:creator>
				<category><![CDATA[San Diego Real Estate]]></category>
		<category><![CDATA[Appraisal Rules]]></category>
		<category><![CDATA[Appraisal Selection Process]]></category>
		<category><![CDATA[Fannie Mae]]></category>
		<category><![CDATA[Kenneth Harney]]></category>
		<category><![CDATA[Lenn Harley]]></category>
		<category><![CDATA[Quacks like a Duck]]></category>
		<category><![CDATA[Real Estate Text Book]]></category>
		<category><![CDATA[The Voioce Of San Diego Real Estate]]></category>
		<category><![CDATA[Unintended consequences of change]]></category>

		<guid isPermaLink="false">http://therealestatetextbook.com/?p=990</guid>
		<description><![CDATA[For years now we have heard all about the changes in our real estate industry from Lending issues, inspections, forms and disclosures, the marketing of properties, lead generation, you name it it has changed. And selling a home in the San Diego real estate market has been affected just like all the other areas around the [...]]]></description>
			<content:encoded><![CDATA[<p><strong>For years now we have heard all about the changes in our real estate industry from Lending issues, inspections, forms and disclosures</strong>, the marketing of properties, lead generation, you name it it has changed. And selling a home in the San Diego real estate market has been affected just like all the other areas around the country. As the <strong>Voice of San Diego Real Estate,</strong> it is important we all grasp these unintended consequences of change and I am pleased to present this explanation here in the Real Estate Text Book.</p>
<p><strong>In a comment I made to well known and highly respected Real Estate Professional and Blogger Lenn Harley</strong>, I suggested a new definition of this change. <strong>Change is when something happens that you didn’t want to happen but must now adapt to it ( as in just live with it)</strong>. Some have wished that we could continue to do business the way we used to do business. The answers that come opposed to that recent way of thinking and doing things are from those that were able to adapt early and take advantage of modifying their business and doing it early.</p>
<p><strong>At the time of the sub prime crisis, many were faulted and to head off the possibility that this scenario of runaway home prices could happen again</strong>, the entire system of lending basically collapsed and is being refashioned not necessarily by those that would be the most skilled at it.  Along with the lending underwriting changes, another segment of the industry not always thought of as the one segment that actually facilitated the ballooning of property values has also been modified. The appraisal.</p>
<p><span id="more-990"></span></p>
<p><strong>Not to leave a single stone unturned</strong>, in May of this year the new rules were put in place to make sure that appraisers do not facilitate an inflation of values from getting out of control again. Or so that is the way the changes are being justified.</p>
<p><strong>The appraisers were as a group charged with having been too influenced by lenders to facilitate values to get the deal done</strong>. Well not any more. In making the new changes much more onerous than the older much easier to understand lending guidelines, appraisers were said to have a “too cozy” of relationships with lenders and that must now be prevented. The appraisal was always by definition to be an arms length estimation of value, and the arms length part seemed not to be long enough. My image immediately went to those shorter furry animals that often walk with their hands. They have long arms.</p>
<p><strong>Just how that is too happen was the subject recently of Real Estate columnist Kenneth Harney’s article</strong> on what the new appraisal rules mean to the industry and the consumer. What are the expected and unintended consequences of these changes?</p>
<p><strong>Since that the appraisers had what was believed to be that “too cozy” relationship with lenders,</strong> it was decided that lenders must now choose from a pool of appraisers on a rotating basis instead calling on their trusted relationships with known appraisers of the past. In the arbitrary selection process, it is thought that there will no longer be any possibility of strong arming by the lender to have the appraisal “ came in”, a term that implied that the value the Buyer agreed pay  would be the value that the appraiser would also see minimally as the estimate of value.</p>
<p><strong>Kenneth points out several of the unintended consequences of these new appraisal guidelines as released by Fannie Mae</strong>. Since lenders are no longer directly involved with the appraisal process, the fees now have to be charged up front and can no longer be just a part of the loan costs at settlement. That now takes the form of the Buyer having to supply a credit card payment up front. The appraisal fee that used to cost $325 now goes for in the range of $450. That adds up to a 20 to 30% increase in costs for the consumer to pay for the same service that might not be performed as well.</p>
<p><strong>Ken noted that we should not assume however that this increase in fees paid actually benefit the appraiser</strong>, it often goes to new appraisal management companies that facilitate the processing of the appraisal assignment and management including the processing costs.</p>
<p><strong>If this sounds like we added another new layer in the real estate transaction, if it walks like a duck and quacks like a duck, not much use in thinking of the possible exceptions like its a goose with a bad cold</strong>. Since these management companies decide what the fee will be and job out the actual appraisal and they handle the management and requirements of the who, what, and when, you can expect that their costs will over time escalate and be justified that their costs are higher and the appraisal cost will go up as demand goes up, just like other services.</p>
<p><strong>As independent contractors and to protect the profitability of the new management companies</strong>, there is also the unintended consequence that new appraisers who might work for less could end up pushing the more seasoned and experienced appraisers out of the business.</p>
<p><strong>The real unintended consequence of these type of changes is a greater likelihood that appraisers will not be familiar with the uniqueness of the local areas</strong> and will not be as capable of making the correct adjustments. Appraisers that typically worked certain areas and were expert in valuations may be a thing of the past. And that happened over night. Talk about unintended consequences.</p>
<p><strong>So lets recap this</strong>. In the past, local real estate professionals knew better than anyone what the value of property was in the neighborhoods they specialized in. Not anymore. We based it on comparables sales with adjustments for particular characteristics or even unique area characteristics and our opinions of value had most often been validated by knowledgeable appraisers. Those days, it sounds to me like they are also over. Now, we must relearn what the respective value is from persons that may never have even been in any particular area before. And don’t go taking it out on the appraisers, they most likely had very little influence in these changes.</p>
<p><strong>Oh and as for those thinking that you can share with the appraiser what you think they don’t know</strong>, better think twice before doing that. If you have to ask why, you aren’t paying close enough attention to the new rules. <strong>Ah, the unintended consequences of change</strong>.</p>
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		<title>Largest Desalination in the Western Hemisphere …. A Go!</title>
		<link>http://therealestatetextbook.com/2009/06/25/largest-desalination-in-the-western-hemisphere-a-go/</link>
		<comments>http://therealestatetextbook.com/2009/06/25/largest-desalination-in-the-western-hemisphere-a-go/#comments</comments>
		<pubDate>Fri, 26 Jun 2009 02:25:02 +0000</pubDate>
		<dc:creator>William Johnson</dc:creator>
				<category><![CDATA[San Diego Real Estate]]></category>
		<category><![CDATA[Encina Power Plant]]></category>
		<category><![CDATA[Poseidon]]></category>
		<category><![CDATA[Poseidon Resources]]></category>
		<category><![CDATA[San Diego property]]></category>
		<category><![CDATA[The Voice of San Diego Real Estate]]></category>

		<guid isPermaLink="false">http://therealestatetextbook.com/?p=985</guid>
		<description><![CDATA[The largest Desalination plant in the western hemisphere is finally a go! That is if there are no more delays. I have written several posts about the Poseidon Resources proposal and the approval plan to build the largest Desalination plant in western hemisphere in Carlsbad, California.
It has been an uphill battle for Poseidon Resources to [...]]]></description>
			<content:encoded><![CDATA[<p><strong><img class="alignleft size-medium wp-image-1020" style="margin: 15px" src="http://therealestatetextbook.com/files/2009/05/cimg02411-300x225.jpg" alt="cimg02411" width="300" height="225" />The largest Desalination plant in the western hemisphere is finally a go</strong>! That is if there are no more delays. I have written several posts about the Poseidon Resources proposal and the approval plan to build the largest Desalination plant in western hemisphere in Carlsbad, California.</p>
<p><strong>It has been an uphill battle for Poseidon Resources to gets it&#8217;s Desalination plant </strong>built having gone through an enormous approval process with the Coastal commission and state and regional water boards. And with intermittent lawsuits by environmental groups who are opposed it its construction and operation plans. ( a lawsuit  still pending decision at this time) after years of prevailing against these lawsuits, it seemed that the final hurdle has been cleared.</p>
<p><strong>With a final approval of a compromise deal to provide 55.4 acres of wetlands to be used as a marine nursery</strong> to replace marine life that would be killed off by the Desalination process, Poseidon expects to finally begin construction of the new plant by the end of this year.<br />
 </p>
<p><span id="more-985"></span></p>
<p><strong>The plant that will be located behind the Encina Power plant</strong> and will turn 50 million gallons a day of ocean water into drinking water and with San Diego property owners currently facing a severe water supply shortage, this new plant will be a welcome addition to offset some of the dwindling supply.</p>
<p><strong>It is hoped that this plant will become the new model of what needs to be provided state wide along th</strong><strong>e coastal cities</strong> to provide a self generated supply of usable water needed to offset the drought that has left California &#8220;High and Dry&#8221; for years on end. With the further curtailment of imported water for the Sacramento River Delta and other suppliers, California needs to do what it can to offset the now lacking supply.</p>
<p><strong>With this Desalination concept having taken so much effort in getting through the bureaucratic and judicial quagmire</strong> , not to mention how much in financial resources have been expended to even get to this point, it is little wonder that a state that has lead the way in so many other arenas, especially research and development in technology and medicine, is now falling far behind in answering the call of its citizens for even one of life&#8217;s basics, water.</p>
<p><strong>This update on the new coming Poseidon Resources Desalination plant courtesy of the The Voice of San Diego Real Estate</strong>.</p>
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