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The latest news on local real estate by Ray Shay, Owner/Broker Associate of Shay Realtors of REMAX Ranch and Beach - #1 in home sales in 2009, 2010, 2011 and 2012.
The residential market certainly picked up the last two weeks. We currently have eight homes in escrow. An important element of any escrow is the appraisal process. We make it a point of always meeting the appraiser on site with our own market analysis to make sure the deal gets done at the agreed price.
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| City of San Diego Building Inspectors David Abshier, James Michaels and Joseph Castro |
Another important element in home escrows is the question of non-permitted areas in a home. A red flag is usually raised by the appraiser or the homeowner when they disclose that they did not get a permit for a project in their home.
A non-permitted area is not a fatal flaw, but if you are thinking of listing your home and you have a non-permitted improvement be sure to let us know. We have developed expertise in this area and we will help you look at a variety of options. If it is not handled appropriately it can be the proverbial monkey wrench that may kill the deal or reduce the sale price.
We are meeting with county inspectors later this morning on another transaction, and we have found what the gentlemen to the right call "as-built" projects are pretty common, and they look for ways to work with their customers. If you have any questions we can help with you with, don't hesitate to give us a call.
Local Market Update
We can provide you with custom weekly reports. You will find easy-to-read graphs with statistics, and valuable information broken down into bite-size pieces about current market trends specifically for our 92127 zip code. Call us at 858.449.7355 or email us today for your custom condo or single family home report.
