Escondido Foreclosures and Escondido Homes for Sale

Welcome to my Escondido Homes featured listing page.  Click on the hot links below by price to get a fast start.  If you would like to see an area not shown you can set up your own personalized search by zip code, area, price, features, and much more.  Start your own custom serarch here.   You can also see Escondido foreclosures, auction, or pre-forclosure homes at “Free Foreclosure Search.”  For a personalized tour of any of these Escondido homes contact Gary Harmon.
Escondido Homes $300k – $400k
Escondido Homes $400k-$500k
All Other Price Ranges
See Video and learn how to SEARCH LIKE AN AGENT!

Pledge to the Escondido Home Buyer During Escrow

Escondido KitchenYou have found your Escondido property, made and offer on your Escondido home, and the offer has been accepted.  You are now starting into a process that everyone calls “escrow.”   This is is the third post in a three part series so please read “Gary’s Service Pledge…during Escondido Home Search” and “Pledge to Escondido Home Buyers during Negoiations.”  These post will give you the needed background to fully understand what happens during the escrow process.  The following is the “pledge to the Escondido Home buyer during escrow.  Gary Harmon will:

  • Make sure your escrow has been properly  opened on you Escondido property.
  • Check that the escrow office has received your good faith deposit on your Escondido home.
  • Help you schedule a physical inspection on the Escondido real estate you are purchasing.
  • Help you review the Escondido home physical inspection and help you make up a repair request list.
  • If requested in the contract, make sure the pest control inspection is done on the Escondido house.
  • Review all documents with you and make sure that they have the proper signatures and initials.
  • Make sure the Escondido home seller provides you all disclosures necessary in a timely manner. 
    Review all disclosures with you before you sign.
  • Visit with your Escondido home mortgage lender to insure the loan is progressing.
  • Make sure you remove all contingencies in the timeframes of the contract.
  • Help solve any problems that may arrise during the escrow period on the Escondido houseby providing you with options as necessary.
  • Conduct a final walkthrough with you within the last five days of the escrow period to make sure all items requested, if any, under the physical inspection have been completed.
  • Make arrangements to get you the key upon closing.
  • Answer any questions or provide any other information that you may need.

If you have any other questions not answered the the last 3 post about the Escondido real estate purchase process, call Gary Harmon, your top Escondido Realtor.

Do's of Mortgage Fraud Prevention

Escondido HomeYesterday, we discussed tips to prevent mortage fraud when buying Escondido real estate.  We focused on the “don’ts.”   Again, when you are in the market to buy Escondido real estate, the first thing you should do is to get pre-qualified with a lender.  I recommend HomeServices Lending.  During the process of buying your Escondido home and getting a loan here are some  “Do’s” that can help avoid mortgage fraud.

  • Do provide your confidential financial and personal info to your trusted mortgage lender.  Gary Harmon, your Escondid0 Realtor, has been in the Escondido real estate business locally and can help you choose a trusted lender.
  • Do always be totally honest when completing the Escondido home loan application.
  • Do request and keep copies of everything you provide to the lenders and everything you are ask to sign.  If you feel uncomfortable, call Gary Harmon, your Escondido Realtor for advice.
  • Do review the Good Faith Estimate of Closing Cost carefully.
  • Do ask about any parties being paid if you are unfamiliar with their names.
  • Do ask about any fees that you may not understand.
  • Do lock in your interest rate as soon as you get a rate you like.
  • Do read everything presented to you before you sign.  Don’t let anyone rush you.

Follow the do’s and don’ts of these last post for a better Escondido home loan experience.   For more information, call Gary Harmon, your Escondido Realtor.

Tips to Prevent Mortgage Fraud

Escondido home loan

HomeServices Lending

When you are in the market to buy Escondido real estate, the first thing you should do is to get pre-qualified with a lender.  I recommend HomeServices Lending and Charla Rueda at Bank of America.  During the process of buying your Escondido home and getting a loan here are some  “Don’ts” that can help avoid mortgage fraud.

When getting your Escondido home mortgage:

  • Don’t provide false information about your job, income, credit or bank accounts.
  • Don’t lend your credit info or social security # to anyone so they can take out a loan in your name.
  • Don’t close on any loan on an Escondido house that has any false of misleading information.
  • Don’t use appraisals that have incorrect or inflated values on the Escondido home.
  • Don’t use down payment or earnest money that did not come from you.
  • Don’t pay your good faith deposit to anyone except Gary Harmon, your Escondido Realtor or directly to the escrow company you are using for the Escondido home purchase.
  • Don’t let anyone sign anything for you during the Escondido real estate purchase.
  • Don’t expect to get “paid” for purchasing a home.  You will need to bring a certified check to escrow prior to closing on your Escondido property.
  • Don’t pay anyone any additional fees or cost for the loan after it closes.  When in doubt, check with Gary Harmon, your Escondido Realtor.

The Do’s of mortgage fraud prevention tips will be listed in a p0st to follow.  For Escondido real estate information that you can trust, contact Gary Harmon, your top Escondido Realtor.

Escondido Homes and Escondido Foreclosures

Welcome to my Escondido Homes featured listing page.  Click on the hot links below by price to get a fast start.  If you would like to see an area not shown you can set up your own personalized search by zip code, area, price, features, and much more.  Start your own custom serarch here.   You can also see Escondido foreclosures, auction, or pre-forclosure homes at “Free Foreclosure Search.”  For a personalized tour of any of these Escondido homes contact Gary Harmon.
Escondido Homes $300k – $400k
Escondido Homes $400k-$500k
All Other Price Ranges
See Video and learn how to SEARCH LIKE AN AGENT!

Escondido Market Update

Escondido Housing Market  as of 2-15-2010

This week the median price for a home in the  Escondido real estate area was $399,900. This is down from the median price in November of 2009 of $415,000.  The average asking price per squae foot was $193.  The inventory of Escondido homes for sale is increasing.  This is partially due to the usual homes coming on the market after the first of the year.  The other contributing factor, and somewhat more concerning, is the slow down in sales of Escondido homes. In is definitely a buyers market as the demand level is low relative to the available inventory of Escondido homes for sale.  This weakening Escondido real estate market has caused prices to start to come down. See the chart below for trends supplied by Altos Research.

Escondido Market Data

Another good way to look at Escondido real estate data is to look at sales by quartiles, the most expensive to the least. In the top or first quartile the median sales price was $749,500.  Down from $875,000.  In the second quartile Escondido housing prices were $485,000, down from $508,000. In the 3rd quartile Escondido properties had a median price of $319,990, down from $339,000 .  And in the bottom quartile Escondido housing had a median price of $217,000 which was up from $210,000 last November.  To get more current market conditions on Escondido homes for sale, call Gary Harmon, your Prudential California Realty Escondido Realtor.

Pledge to Escondido Home Buyers during Negoiations

Escondido Floral

“Someone accepted the offer on the Escondido house that I wrote, now what?”   This is a question that I get from a lot of Escondido house buyers.   After week of searching, they have found their Escondido dream home.  Not it is time to write an offer and start the negoiations.  But, how much should you offer?  How much will be enough or too much?  Here are some of the things that happen during the negotiation process.  I will strive to provide the following services:

  • Review with my Escondido buyer all the forms and documents involved in buying Escondido real estate.  The purchase documents and supporting documentation on your Escondido home purchase are prepared online in a computer program called ” Winforms.”  These forms are uniform California Association of Realtor (CAR) forms used by all Escondido Realtors.  They can be printed, faxed, e-faxed, or sent to you as pdf attachments.
  • Provide a copy of all documents needed for the lender you have selected for your Escondido home purchase.   HomeServices Lending is one of the Gary Harmon team members and is an excellent choice.
  • Prepare a CMA (Comparative Market Analysis) showing comparable Escondido properties currently on the market, in escrow, or recently sold.  This comparison will aid you in making an informed decision on your initial offering price and any counters that are usually necessary.
  • Present your  Escondido real estate purchase offer to the sellers on your behalf.
  • Present your Escondido home purchase offer in a timely manner and in person if you desire.
  • Discuss with Escondido buyers the most comfortable negotiating strategy and work within your parameters based on our current Escondido housing market conditions.
  • Based on the type of Escondido housing offer you choose to write, discuss the best possible strategy to get your offer approved.
  • Inform you immediately of the Escondido sellers response to your offer when presented.
  • Keep you updated daily on the progress be made during the negoiations.  If your offer is on a bank owned property or short sale, will keep you up to date as information becomes available.
  • Deliver to you the final executed purchase documents on your new Escondido real estate.

For more information on what takes place during the purchase of Escondido properties, contact Gary Harmon, your Escondido Realtor.  See Gary’s eariler post on what takes place during a home search:  http://www.garyharmon.com/buyers/garys-service-pledge-to-escondido-buyers.  Watcht for a new post  that will  describe what happens during the escrow period on your Escondido house.  Gary is proud to recomment Pickford Escrow.

Gary's Service Pledge to Escondido Buyers

Escondido HomeDuring Escondido Home Search

  • Guard your privacy by keeping all aspects of your Escondido property search confidential.
  • Keep you updated on newly listed Escondido houses or price changes.
  • Set up custom Escondido property searches on the Internet that meet your desired critera.
  • Search daily the San Diego MLS for new Escondido homes for sale.
  • Search daily for “unlisted Escondido properties.”
  • Communicate with you reguarding your Escondido home search in the manner you choose:  email, phone, text.
  • Assist you as necessary in getting an pre-approval letter from a lender li ke HomeServices Lending.
  • Provide you with market information on Escondido properties needed to make an informed purchase decision.
  • Tour the local Escondido homes for sale with you.

For more information on buying an Escondido houses, contact Gary Harmon, your local Escondido Realtor.  Watch for future post on the negotiating process and the escrow process when buying Escondido real estate.

Double Your Tax Credit

Current Escondido Homeowners

Find out how to get up to double on the $6,500 tax credit for existing Escondido homeowners.  That’s right, existing Escondido homeowners can get tax credit also.  Current Escondido homeowners buying a house between Nov. 7, 2009, and April 30 and who have used the Escondido home being sold or vacated as a principal residence for five consecutive years within the last eight can qualify for the $6,500 credit. Most people know about the original $8,000 tax credit  for first-time homebuyers, but few know about the $6,500 credit for existing Escondido homeowners.   This incentive was added when the original $8,000 first-time home buyer tax credit, which expired Nov. 30, was
extended.

Escondiodo homes purchased for $800,000 or less are eligible for you as a repeat Escondido home buyer. Single buyers with incomes up to $125,000 and married couples up to $225,000 may receive the maximum tax credit for both repeat and first-time purchases. The credit decreases for Escondido homebuyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for Escondido homebuyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Escondido homebuyers earning more than the maximum are not eligible for the credit. If a binding written contract to purchase is in effect April 30, the purchaser will have until July 1, 2010 to close.

To find out how to get up to double your existing Escondido homeowners$6,500 tax credit, contact Gary Harmon, your Prudential California Realty Escondido Realtor.

7 Steps to Earthquake Safety

Escondido HomeEverywhere in the Escondido real estate area may be susceptible to damage from an earthquake, maybe even a big one.  We all need to be ready.

  1. Identify earthquake hazards in your Escondido home. Secure everything around your Escondido property that might  fall and hurt someone.  This is easily done if you do items as you buy them.  For example, when I bought my big screen tv, I secured it to the wall of my Escondido home with a safety wire.  If you are starting from scratch, buy a stud finder at Escondido Home Depot or Lowes and use it to find the proper studs.  Of course, the water heater in the garage must have straps.
  2. Create a diaster plan. Talk with each one in your family and plan what to do in case of an earthquake.  Have a meeting place outside of your Escondido home, but close by so everyone can be quickly accounted for.  Learn basic first aid if possible.  Have a place away from your Escondido property you can call, preferably out of state.  The out of state phone lines won’t be as crowded.  Learn how to deal with a lack of utilities and basic services.  Also, expect aftershocks.
  3. Make up some disaster supplies kits.  These kits would be useful in any type of emergency.  Everyone in your Escondido home should have one.  It is a good idea to have one at home, school, work, etc.    You should have a large kit for your home that would last everyone three days to a week.  These kits should contain food, water, clothes, and sanitary supplies.  Your San Diego Red Cross sells kits and also has tips on what to put in the kits if you make your own.
  4. Have your Escondido property checked to identify any weaknesses.   There are common issues that a home inspector will know that could help your Escondido home be stronger.  If you just purchase an  Escondido home, your Escondido real estate inspector will have made sure you had earthquake straps.
  5. During an Earthquake you should drop, cover and hold on.  Drop to the floor, take cover under a strong table or desk, and hold on firmly.  If there are no tables closeby, drop to the floor next to an interior wall of your Escondido home.
  6. After the quake, check everything for damages or injuries.  Always be calm and take care of yourself  first so you will be ok to help others.  When  you are sure you are safe, then you can start helping others.  You need to know how to turn off leaking gas, water, or electricity if necessary.
  7. When you know you ae safe, you can continue to follow your disaster plan.  Stay away from the coast if there is any possibility of a tsunami.  Listen to your battery powered radio for any emergency instructions.  The station would be 600 AM .   Call your out of area contact and let them know you are ok.     For Escondido real estate information, call Gary Harmon, your top Escondido Realtor.