3 Great Tips for Your Real Estate Business.
As Brian Buffini does with his conference calls,
I have 3 items of value for you….
* A Free, Online Calculator Resource…
* 12 Sources of Copyright Free Images…
* Why it really matters if it is a condo or PUD… and how to tell for sure…
* And a Bonus tip – E-mail marketing tips…
* San Diego County Market update…
**Are you going to MasterMind with me or vacationing in San Diego?
If so, here is a link with lots of MasterMind inro, Travel &
San Diego Visitor Information.
Why search all of Google when someone has already done the research?
Calculator Soup is a free online calculator resource. Here you will find loan, mortgage, federal tax estimator, time value of money, math, algebra, trigonometry, fractions, physics, statistics, time & date and conversions calculators. Many of the calculator pages show work and/or equations that help you understand your calculations.
Now I only have to go to one bookmarked page to get any calculator I want, and without ads! You can also post them to your web site or blog with attribution.
12 Sources of Copyright Free Images…
Free pdf… 12 sources for copyright free images. The result of a study carried by HubSpot showed that using photos on Facebook Pages received 53% more Likes, attracted 104% more comments and got 84% more link clicks than the average post.
Why it really matters if it is a condo or PUD… and how to tell for sure…
The biggest difference is financing. FHA needs the Condo development to be approved on the HUD list and PUDs do not. Lenders also require much more documentation from the HOA and face greater restrictions on Condos. PUDs require less or sometimes no HOA documentation because they are treated like a single family home.
But how do you tell which one it is?
If it is stacked, like an apartment building, it is a condo but after that it is more difficult. Even the tax records may not be correct. Unfortunately, we can not rely on the agent to mark it correctly in the MLS.
There are only two ways. The only sure way is the Title Report. Review the CC&R’s or the legal description. But who has time to get a title report when looking for something your FHA buyer can finance? A Close second is looking at the plat map.
When viewing the plat map, it is a PUD if each unit has its own box around it and the box has measurements around it. It is a condo if there are 2 or more units in a box because you do not have single ownership of the lot. See the pictures below.
Brief San Diego Area Real Estate July Update…
Countywide, Year to Year, the Median Sales Price was
up 5.3 percent to $547,500 for Detached homes
and up 5.8 percent to $354,000 for Attached homes.
Days on Market decreased 12.5 percent for Detached homes
and 22.0 percent for Attached homes.
Supply decreased 25.0 percent for Detached homes
and 26.7 percent for Attached homes.
Our current supply for some markets is less than one month.
There are only 60 active Bank Owned/REO listings and
162 Short Sale Listings out of
only 7263 total available houses & condos in San Diego County.
