Sandra Shebani, Broker

11/29/2023

Hey Network! My lovely client is now selling her 2 bed, 2 bath, 912 sq ft condo in a well maintained, low HOA community in Mission Gorge/Del Cerro right by 8,000 acre Mission Trails Park, SDSU… Amenities like pool, gym, tennis courts, bbq+

⭐️ Coming on market this week… and guess what?
Under $600,000!!

These don’t come up often, 92120 is booming with new developments… as central as you can get in SD.

Perfect for first time home buyers, students, relocation, landlord investor. Call or text me ASAP if you’re interested in an off market deal, exclusively for my sphere before it goes on market this week!

08/03/2023

Can you believe we are already 8 months in to 2023? Here are my thoughts on the market:

07/10/2023

My Updates:

This market can cause confusion, choose your partners wisely. Going in to the summer, demand continues to outpace inventory despite high rates. Overall, nationwide, sales were down 20% in June, compared to last year. A lot of sellers are looking into creative ways to sell their home, sometimes by a bridge loan as they identify a new home before listing their own.

39% of homes in the US are owned free and clear.
20% of homes have 50% or more equity.
90% of mortgages have sub 5% interest rate.
In San Diego, Median sales price is up for all types of properties.

For a buyer? You can find deals. Now is the time to secure a home if you are worried about being out priced at some point.

For a seller? Virtually no competing with neighbors, you have leverage.

As always, we are here to help. Call me if you have any questions about your specific situation or the overall market conditions.

07/10/2023

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06/28/2023

Developers in California will soon find it much easier to convert commercial properties into apartments, condominiums, and townhomes.

Most cities in California don’t allow residential development in commercial zones, or they make land conversions so time-consuming and expensive that few developers bother. That’s changing!

The biggest reform will come on July 1, when AB 2011 takes effect- fast-tracks approval to build 100% affordable housing on most properties zoned for retail, office, or parking.

The law also gives expedited approval to projects with a mix of market-rate and affordable housing when they are located on four- to eight-lane commercial corridors.

06/26/2023

06/26/2023

06/20/2023

The limited inventory of homes for sale in San Diego County is a major factor driving up prices. The supply of homes for sale has been declining for several years, due to a number of factors, including rising construction costs, a shortage of land, and an increase in investor activity. With that being said- the market is strong and will stay strong (even with the higher rates) until we get a massive influx of new inventory... Which is very unlikely!

01/23/2023

We are seeing the lowest mortgage interest rates in the past four months and expect them continue their slow decline throughout 2023.

With a drop in mortgage rates, borrowers are now gaining back their purchasing power and re-entering the housing market.A loan buydown can reduce borrowers’ monthly mortgage payments for 1-2 years, enabling them to refinance to a permanently lower interest rate when rates decline.

What’s great about this program is that homebuyers can purchase a new home at more affordable payments giving them two years to make lower mortgage payments and ease into the full payment based on the note rate amount.

So essentially, homebuyers will get two years of lower payments.In a buyer’s market, the 2-1 Buydown Loan is often used to make it faster and easier for sellers to sell their homes at a reasonable price, as the seller traditionally pays for most temporary buydowns as a closing cost equal to the buyer’s interest savings.

There are two loan buydown options we recommend:

A 2-1 buydown reduces the payment rate by two percentage points in the first year, then by one percentage point in the second year, before rising to the full payment.

With a 1-1 buydown, the payment is reduced by one percentage point for two years.