Andy Eakes - Real Estate

Andy Eakes - Real Estate San Diego REALTOR and Investor
Providing simple, easy-to-digest real estate content
DRE #02153302

Alibi Club - Pacific Beach (Crystal Pier) - 1952In 1952, Michael Milazzo, along with Louis Contile and Vito Frontiera (b...
01/20/2023

Alibi Club - Pacific Beach (Crystal Pier) - 1952
In 1952, Michael Milazzo, along with Louis Contile and Vito Frontiera (both brothers-in-law), are seen in a photo taken in front of their newly established business, the Alibi Club, located at Crystal Pier in Pacific Beach. The venue later underwent a name change to The Stage Door, and underwent further remodeling in the early 1990s, transforming it into the Paradise Cove gift shop it is today.
*this photo is used for historical purposes only #1952

Balboa Park's Panama-California Exposition - 1915The 1915 Panama-California Exposition was a world's fair held in Balboa...
01/19/2023

Balboa Park's Panama-California Exposition - 1915
The 1915 Panama-California Exposition was a world's fair held in Balboa Park, San Diego, California. The fair officials chose New York architect Bertram Goodhue as their lead architect. Goodhue and Carleton Winslow, who replaced Irving Gill, advocated a design that turned away from the more modest, indigenous, horizontally oriented Pueblo Revival and Mission Revival, towards a more ornate and urban Spanish Baroque.

This design was a novelty for American world's fairs and was in contrast to most previous Eastern U.S. and European expositions, which had been done in neoclassical and Beaux-Arts styles. This mix of influences at San Diego proved popular enough to earn its own name: Spanish Colonial Revival.

It was opened by President Woodrow Wilson at midnight on December 31, 1914. Admission was $0.50 for adults and $0.25 for children. Attendance on opening day was between 31,836 and 42,486, and by April, the expo had already resulted in a profit of $40,000 for the first three months.

Notable guests of the event included Vice President Thomas R. Marshall, Secretary of State William Jennings Bryan, Franklin D. Roosevelt, former presidents William Howard Taft and Theodore Roosevelt, inventor Thomas Edison, and automobile businessman Henry Ford. The expo was successful in putting San Diego on the map.
*this picture is used for historical purposes only.

01/06/2023

FINAL PART 4 - ESCROW PROCESS

Once all the conditions of the sale have been met and the buyer is satisfied with the property, it's time to close the escrow. This is the final step in the home buying process and marks the transfer of ownership from the seller to the buyer.

At this point, the funds in the escrow account will be used to pay for the home. Any remaining funds will be disbursed to the appropriate parties, such as the seller, the real estate agents, and any other parties involved in the transaction.

Closing the escrow is an important step that helps to ensure that the transfer of ownership goes smoothly and that all parties are protected. Make sure to follow the steps outlined in the escrow process to ensure a successful closing. It's the final step that helps you become the proud owner of your new home.

That's it! A good real estate agent will make this process smooth for their client. If you are in the hunt for real estate in please let me know!

Andy Eakes, Real Estate Agent in San Diego, CA
DRE #02153302

01/05/2023

ESCROW SERIES PART 3:

The escrow period is a crucial time for the buyer to perform due diligence on the property. This involves thoroughly investigating the property to ensure that it is a good fit and that there are no hidden issues that may affect its value.

One way to perform due diligence is to order a home inspection. This is a thorough examination of the property's condition by a trained professional, who will look for any issues such as structural problems, plumbing issues, or electrical problems.

In addition to a home inspection, the buyer may also want to order a survey of the property. This is a detailed map that shows the exact boundaries of the land and any structures on it. A survey can help the buyer confirm that there are no disputes over the property lines or any encroachments onto the property by neighboring properties.

Finally, the buyer may want to review any other documents related to the property, such as the seller's disclosure statement and any documents related to the property's title. These documents can provide important information about the property and help the buyer make an informed decision.

Don't forget to perform due diligence during the escrow period. It's an important step that can help you make a confident and informed decision about your home purchase.

Next up is our final step, CLOSING! The best part of the transaction for everyone, but certainly a step that shouldn't be overlooked.

01/05/2023

ESCROW SERIES PART 2:

Once you have opened an escrow account, the next step is to deposit funds into the account. This typically includes an initial deposit anywhere between 1-3% of the purchase price that counts toward the down payment of the

It's important to deposit these funds into the escrow account to ensure that the money is available to pay for the home once the escrow is closed. The escrow account serves as a neutral third-party account that holds the funds until all the conditions of the sale have been met, at which point the money will be used to pay for the home and any remaining funds will be disbursed to the appropriate parties.

Don't forget to deposit the necessary funds into your escrow account as part of the home buying process. It's an important step that helps ensure a smooth and successful transaction.

Next, we'll cover the due diligence period...one of the most important steps.😱

01/05/2023

ESCROW SERIES PART 1:

One of the first steps in the escrow process is opening an escrow account. This is a neutral third-party account that is used to hold the funds associated with the home purchase until the transaction is complete. The escrow account helps to ensure that the transfer of ownership goes smoothly and that all parties are protected.

By depositing funds into the escrow account, the buyer can rest assured that the money will be used for the purchase of the home and that any remaining funds will be disbursed to the appropriate parties once the escrow is closed. The escrow account also serves as a safe and secure way to hold the funds until all the conditions of the sale have been met.

Don't forget to open an escrow account as part of the home buying process. It's an important step that can help make the process of buying a home a little bit easier.

Next we will cover the actual act of depositing the funds. Make sure to check back for more.

01/05/2023

WHAT IS THE ESCROW PROCESS?
The escrow process is an important step in the home buying process that helps to ensure that the transfer of ownership goes smoothly. Here are a few simple steps to follow when completing an escrow:

1. Open an escrow account: The first step in the escrow process is to open an escrow account. This is a neutral third-party account that is used to hold the funds associated with the home purchase until the transaction is complete.

2. Deposit funds: Once the escrow account is open, the buyer will typically be required to deposit funds into the account. This may include the down payment, closing costs, and any other fees associated with the purchase of the home.

3. Perform due diligence: During the escrow period, the buyer has the opportunity to perform due diligence on the property. This may include ordering a home inspection, getting a survey, and reviewing any other documents related to the home.

4. Close the escrow: Once all the conditions of the sale have been met and the buyer is satisfied with the property, the escrow can be closed. At this point, the funds in the escrow account will be used to pay for the home and any remaining funds will be disbursed to the appropriate parties.

I hope that helps! Throughout the day we will go into detail on each step so make sure to check back for more!

01/05/2023

Thinking about flipping a property? It's important to consider several key factors before making a decision.

These include the purchase price of the property and any necessary repairs or renovations, the estimated costs associated with completing those repairs and renovations, the potential sale price of the renovated property based on a comparison to similar properties in the area, and your financing strategy, including any associated costs such as interest on loans.

By taking the time to carefully analyze these elements, you can make a more informed decision about the feasibility and potential profitability of the flip.
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01/05/2023

Did you know about 1031 exchanges? Also known as like-kind exchanges, they allow you to sell a property, reinvest the proceeds in a similar property, and defer paying capital gains taxes on the transaction.

This is a common strategy used in real estate investing to purchase a new property without having to pay taxes on the sale of the previous one.

Just keep in mind that to qualify for a 1031 exchange, the properties must be held for business or investment purposes, be of a similar nature or character, and the exchange must be completed within a certain time frame.

Disclaimer: This is not tax advice.

01/05/2023

House hacking is a term used to describe the practice of purchasing a multi-unit property, such as a duplex or a small apartment building, and living in one of the units while renting out the others.

This can be a way for someone to get started in real estate investing, as it allows them to use the rental income from the other units to help offset the cost of their own living expenses.

House hacking can be a good strategy for young professionals or families who are looking to get into real estate investing but may not have a lot of capital to work with. It can also be a way to build equity and create passive income streams over time.

01/04/2023

Hi and welcome to my real estate agent page! My name is Andy Eakes and I am excited to provide you with simple, easy-to-digest content that helps you understand the real estate process. As a licensed real estate agent and an investor in San Diego and Tulsa, Oklahoma, I have a deep understanding of the local markets and am passionate about helping others achieve their real estate goals.

In addition to my work as a real estate agent, I specialize in historic properties and have a special interest in preserving the character and charm of older homes. As a native of San Diego, I am also very familiar with the local area and can offer valuable insights to those looking to buy or sell in the region.

Whether you are a first-time homebuyer or an experienced investor, I am here to help you make informed decisions about your real estate journey. Follow along for tips, tricks, and inspiration on all things . I look forward to sharing my knowledge and expertise with you and helping you navigate the world of real estate. Feel free to reach out with any questions or to schedule a consultation. I can't wait to work with you!

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