Real Estate Supergirlhome
Specializing in Downtown San Diego Condos.
Real Estate Supergirl Blog Category
Here and there I get some clients that want to live Downtown San Diego, yet they don’t want to pay HOA’s or settle for a less than 2000 sq ft place!
I smile to those people and say – Banker’s Hill or Golden Hill!
Those both neighborhoods are really close to Downtown San Diego and all that urban living has to offer, but yet aren’t in the middle of all the noise and action and come without a hefty price tags but WITH the large sq ft.
An example of one of those homes would be 2727 Broadway house that came on the market last month. Being three full bedrooms with an optional 4th plus a den/dining room area, it has all that one would want from the house. Absolutely beautiful Craftsman minute from Gaslamp City Square. Kitchen completley redone in 2009. Bonus room can easily be converted to a fourth bedroom. This is a truly special home that you’ll want to see.
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DOWNTOWN SAN DIEGO CONDOS FOR RENT IN 2012. WHAT’S AVAILABLE?…
Specializing in helping people buy and sell properties in San Diego, especially the Downtown market, I often get approached by folks asking for help with rentals. Now I have to be honest, it is not the most gratifying for agents job and definitely not the most lucrative one, but once you learn the trade and weed out through the looky loose, you can generate some life long clients who eventually either do buy or sell themselves or know somebody who do. So in order for me to expand my reach Downtown SD, I have since rolled up my sleeves and have been helping many realistic renters find their new homes in the chic 92101 zip code. That is my whole priority. I go out there, meet new people, talk, network, practice my knowledge of the buildings again and again, and help people, which after establishing a relationship with me, usually continue it once they’re ready for a purchase.
So the whole reason for this blog is for people who are contemplating a move Downtown San Diego! I get phone calls, emails and just simple questions at social events asked all the time about what what are the prices for downtown rentals. I also get a bunch of request to find a property, and I have to be honest with you around 75% of people who just approach me first time are not realistic about their expectations.. Now I have absolutely no problem with that, since it is not their job, but actually mine to know what you can get, what amount of sq ft, floor, and for what price Downtown and not theirs. But just to shine some light on the average rental prices I HAD to publish this blog!
So let’s talk some real statistics and numbers to give you couple examples. There are currently 85 listings for rent Downtown San Diego.
6 studios/lofts, 37 1bedrooms, 36 2bedrooms, 5 3 bedrooms!!! That’s all we have in 92101 zip code!
First of all it’s not much. Second of all, if you are looking for a 3br, 2000 sq ft AND furnished condo AND for just 3 months AND under $3000, AND that’s accepting pets, you can pretty much forget about that..
Let’s face the facts. An average two bedroom condo Downtown San Diego would be around 1200 sq ft, with the average price of $3500 a month. On the average one br condo price is currently $2200 a month, with the average sq ft being 790 sq ft. Most of them do not accept pets, or will lots of restrictions.
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For larger size condos, like 3 brs, we have only 5 units currently available in the whole Downtown San Diego 92101 zip code!. The prices start from $2900 and go up to $6900 a month.
Now, please don’t get disappointed right away. There are absolutely cases where you can get a Downtown San Diego condo that rents way under above price range, but you have to either compromise on the number of bedrooms, or the length of the lease or the min sq ft, etc.
Please let me know if I can help you or somebody you know rent or buy/sell a condo Downtown San Diego!. It is my neighborhood and my specialty so I would love to be your go to agent here!
1. Two Extra Days to File! This year, April 15 falls on a weekend, so that pushes the deadline into the following week. But, that’s not the end of the story. This year, Emancipation Day–which is a legal holiday in the District of Columbia–will be observed on Monday, April 16. And since the tax deadline cannot fall on a holiday, it means the due date for filing your tax return is extended to Tuesday, April 17, 2012.
2. Extension to Make IRA Contributions! In addition to the tax deadline being extended by two days, the deadline to contribute to your IRA is also extended to Tuesday, April 17, 2012. Along with this announcement, the IRS put together a list of 10 things you need to know about setting aside retirement money in an IRA.
3. Options for Paying Uncle Sam! If you’re experiencing money troubles and you owe money on your taxes from last year, you may be eligible to receive a 6-month extension on your payment. And you may be surprised to learn about the details of this program! Read about the important qualifications and implications of the IRS announcement.
Here are the top 10 things the IRS wants you to know about setting aside retirementmoney in a traditional IRA.
- You may be able to deduct some or all of your contributions to your IRA. You may also be eligible for the Savers Credit, formally known as the Retirement Savings Contributions Credit.
- Contributions can be made to your traditional IRA at any time during the year or by the due date for filing your return for that year, not including extensions. For most people, this means you must make contributions for 2011 by April 17, 2012. If you contribute between Jan. 1 and April 17, you should designate the year targeted for the contribution.
- The funds in your IRA are generally not taxed until you receive distributions from it.
- Use the worksheets in the instructions for either Form 1040A or Form 1040 to figure your deduction for your IRA contributions.
- For 2011, the most you can contribute to your traditional IRA is generally the smaller of the following amounts: $5,000 for most taxpayers, $6,000 for taxpayers who were 50 or older at the end of 2011 or the amount of your taxable compensation for the year.
- Use Form 8880, Credit for Qualified Retirement Savings Contributions, to determine whether you are also eligible for a tax credit equal to a percentage of your contribution.
- You must use either Form 1040A or Form 1040 to deduct your IRA contribution or claim the Credit for Qualified Retirement Savings Contributions.
- You must be under age 70 1/2 at the end of the tax year in order to contribute to a traditional IRA.
- To contribute to an IRA, you must have taxable compensation, such as wages, salaries, commissions, tips, bonuses, or net income from self-employment. If you file a joint return, generally only one spouse needs to have taxable compensation. However, see Spousal IRA Limits in IRS Publication 590, Individual Retirement Arrangements, for additional rules.
- Refer to IRS Publication 590 for more information on contributing to your IRA account.
Form 8880 and Publication 590 can be downloaded at www.irs.gov or ordered by calling 800-TAX-FORM (800-829-3676).
Hope this helps!
Active, Pending, Sold… Should the listing be changed to “Pending” as soon as your offer is accepted?
So I recently was representing a buyer on a transaction on the detached house in Point Loma. We were a back up bidder on the property where the seller has already accepted another offer. The reason we even went to see the house, is because it was listed as “active” listing on MLS. Obviously I called in the listing agent and found out that there was already an offer that was accepted, but the seller is still accepting back up offers. I usually wouldn’t even waste mine or my clients time showing them a property that is not on the market anymore, but since there was scarcity of inventory on this particular street ( only 1 other house was available, and my clients REALLY, REALLY, wanted to own there ), we decided to go a head and take a look at it, and perhaps submit a back up offer, in case the primary buyer falls out of escrow.
So that is precisely what we did. We submitted a very good, strong and clean offer to the sellers. To my disbelief they actually countered us “subject to cancellation of previous escrow”, which gave both me and my buyers hope. As I would obviously expect the status should have been changed on MLS at this point to pending.
What does Pending status mean exactly? Now with all the different wording plus new ones introduced like CONTINGENT, consumers really do get confused about the definitions of the statuses on MLS, and other websites, like Trulia, Zillos, etc.. I often get my clients sending me properties that are pending or contingent ans asking me to see them, not understanding that these properties are basically sold and not currently available anymore.
Ok so per definition of Sandicor Rules and Regulation ( 10.7 statuses) :
ACTIVE: A valid listing contract exists and no offer has been accepted.
CONTINGENT: Offer has been accepted contingent on the sale of buyer’s property OR submitted to the bank for short sale or REO approval.
PENDING: The seller has accepted the offer. This is an off-market status.
SOLD: The property has closed escrow. This is an off-market status.
Does this kind of makes sense? Which status do you think the house should have been when we saw it?
By the way, not only this was the first day, but also, 2nd, 3rd, 4th and almost for 2 weeks while the other buyers were in contract. One thing, I don’t understand, why and how the other agent representing the first buyers, didn’t do anything about this?..
If I ever would get into a situation and have an accepted offer, and open escrow representing the buyers, first thing I do the next day is making sure that the status is Pending on MLS. Why?.. Because the property is OFF market and I do not want other offers to keep coming in, possibly creating a disadvantage for my clients.
My whole point, is listing agents, please do us all a favor and change statuses as appropriate and REQUIRED per Sandicor, as well as spare buyer’s agents and our clients our time.
The end of the story was this. We have found another house that came back on the market, on that same street, which we jumped on and were the first to submit an offer on, negotiate and get it accepted. Same day status changed from Active to Pending. Thank you.
Allison James Estates and Homes