Real Estate Investments

If you just finished your taxes as I did, you probably realize that you could have been better organized, especially if you own North County investment properties.  A well organized record keeping system is a valuable and indispensable asset.  Individual records should be arranged by category and labeled so that you can find everything quickly.  The following are the principal categories you will need and the type of records that should be stored in each.  You can use these as suggested headings to build your “Getting Organized” filing system. 

  • Banking – Cancelled checks and monthly account statements
  • Contributions – Receipts, cancelled checks, correspondence, a log of contributions, and papers relating to gifts of property.
  • Employment & Business Expenses – Paycheck stubs, W-2 forms, and documents relating to fringe benefits
  • Individual Retirement – Documents needed to determine your tax when withdrawals are made at retirement
  • Insurance – All policies
  • Investments – All purchase and sales slips showing dates and basis of purchase
  • North County Real Estate Investments – Closing Statements, rents received, any rental expenses. You will need to set up sub categories by address if you own several San Diego North County investment properties.
  • Medical, Dental, and Hospital – Medical histories, examination and lab reports, prescriptions, hospital records, bills

Remember for tax purposes keep everything at least 3 years and up to six if possible.

If you purchased San Diego North County investment properties through me, I can help you get your closing information.

To get more info about San Diego North County real estate, contact Gary Harmon, your Real Living Realtor.

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Finding the Perfect Tenant

Assuming you want to take full advantage of the historically high returns found in San Diego North County real estate,  you might decide to use the equity in your San Diego home to purchase one or more North County rental properties.  I can help you find the right  San Diego home to purchasel 

Some homeowners are anxious to put their equity to work, but are hesitant about owning North County investment properties.  Many believe it is difficult to find perfect tenants who will properly maintain their investment.  Finding the perfect tenant may be next to impossible, but finding a good tenant is certainly atainable.  You can choose to do it yourself or hire a Real Living Lifestyles agent.  If you decide to do it yourself, be prepared to:

  • Advertise-Have flyers printed and distribute them to the surrounding neighborhoods.  Put them in the community center, at local colleges, and run lots of newspaper ads.  Be prepared for calls at all the wrong times.
  • Applications-Have a good rental application and have prospective tenants complete them.
  • Credit Checks– In finding the perfect tenant, alway run a credit check on any tenant before renting your San Diego investment property.
  • Showing the house-Put signs in front of the San Diego rental and be prepared to take people through the home at their convience.
  • Rental Agreement-A rental agreement is a legal document that must be filled out correctly.  Use a good form.

If all of this sounds a bit discouraging, contact Gary Harmon, your top North County Realtor, and he will help you navigate throught the rental process. 

Remember, owning San Diego North County investment properties is another way you can maximize the advantages of owning real estate.

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Investment Properties

Do you really want to be a landlord? 

Before you jump in the car with me or any other North County Realtor, you need to weigh the pros and cons of buying and owning San Diego investment properties.  Buying or investing in a large project with professional management requires a large financial outlay.  Whereas, buying a San Diego single family homes or small North County investments properties require detailed effort in management and maintaining the properties.  Some of the pros of buying San Diego investment properties are as follows:

  1. Housing is a basic necessity (everyone needs it)
  2. In San Diego North County investment properties are usually easy to keep rented
  3. Income is usually predictable
  4. good resale prospect, especially on units
  5. Investment properties provide a hedge against inflation
  6. You can use leverage to build an estate
  7. Enjoy pride of ownership

Son cons might be:

  1. Investment properties are a service business
  2. Management requirements
  3. Complaints and problems
  4. Maintenance

A buyer that understands what they are getting into will be in a good position to proceed with viewing San Diego North County investment properties possibilities.  This final step is where I come in, contact Gary Harmon, your Real Living Lifestyles Realtor.  The final result should be an investment that will prove rewarding.

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North County Market Statistics March 2012

The April 2012 HomeDex™ Report provides March 2012 San Diego housing statistics. Information in this report is used by permission from the North San Diego County Association of Realtors® (NSDCAR). Gary Harmon, your Real Living Lifestyles Realtor, has been a member of NSDCAR for over 22 years.

• The median price for all San Diego North County home sales – attached and detached – increased to $365,500 in March 2012 compared to $357,500 in February 2012.
• San Diego North County detached homes remained unchanged at $415,000 in March 2012. Year-over median price in San Diego North County dropped 7.81 percent compared to $450,165 in March 2011.
• The San Diego countywide median single family detached price increased 2.75 percent in March 2012 to $336,000 compared to $327,000 in February 2012.
• The number of North San Diego County single family detached listings (active and contingent) declined 2.4 percent in March 2012 compared to February 2012.
• The number of sold San Diego County SFD units increased 22.26 percent in March 2012 compared to February 2012 (after a 20.37 percent jump last month), and increased 3.35 percent year-over compared to March 2011. Year-over sold units have increased in nine of the last 10 months.
• Median days-on-market for single-family detached San Diego North County homes sold decreased to 57 days in March 2012 compared to 66 days in February 2012.

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Country Club Homes

Ocean Hills Country Club homes offer virtually everything you could want for your active leisure activities right on the premises. There’s an 18-hole executive golf course, a practice putting green, lighted tennis courts, pickel ball court, shuffle board, bocci ball, and an Olympic size swimming pool.  There is also a great spa for relaxing and unwinding.

There is a 27,000 square foot club house facility that has a fully equipped Nautilus exercise room and a fully stocked library.  Don’t see a book you like, just ask and they probably will order it. You’ll enjoy a large auditorium for special events, performances, celebrations and holidays.  The autorium can also be used for foreign films and other movies. 

In Ocean Hills for socializing, there are studios and clubs that let you enjoy cards, computers, billiards, dancing, and music…just to name a few.  The computer club impresses me in that it offers both Apple and PC equipment, all with great displays.  Practically anything and everything else you can think of for relaxation and fun is within reach.  On the premises there is also a fully equipped wood shop for your wood working hobbies.  All this to enjoy with your neighbors and friends.  

For more information about Ocean Hills real estate, contact Gary Harmon, your top Ocean Hills buyers agent. 

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See current listings of Ocean Hills homes below.

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Golf Course Guest Rules

One of the greatest benefits of living in Ocean Hills Country Club homes is to be able to enjoy the beautiful 18 hole executive golf course.  Whether you play golf, live on the Ocean Hills course, or just nearby, the Ocean Hills golf course adds benefits to your Ocean Hills home ownership.  If you live in an Ocean Hills home, you can play golf for free.  That isn’t even the best part.  You can being up to three guest and they can play for free.  If you live right on the course, you can play from your home.

Rules for Guest

If you bring a guest to play golf at the Ocean Hills Golf Course, you must register them and pick up a golf guest pass at the front desk in the clubhouse.  You must always accompany your guest while they are playing golf at Ocean Hills.  No specttors, pedestrains, children under fourteen, or pets are allowed on the Ocean Hills Course or practic area at anytime.

For more information about Ocean Hills real estate, contact Gary Harmon

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Home Inspections

One of the most important things you should do when you are buying a San Diego North County home is to get a home inspection.  This not only tells you what may be wrong with the home right now, but chances are the home inspector will give you tips on how to avoid large cost in the future by doing routine maintenance.  

How do select an san diego home inspector to do your North County home inspection?  Chance are you will ask your North County Realtor.  Your Realtor wants to help and would just love to tell exactally who he would recommend, but this creates a huge liability for your Realtor.  Your Realtor might tell you to just look in the yellow pages or online so you can select your own inspector.   This has caused clients to feel slighted by an agent’s lack of knowledge. “What do you mean you don’t know anyone, isn’t that what you’re supposed to do?”  Courts are also unsympathetic to this philosophy; most feel a Realtor does have responsibility to provide direction to their clients.

Other times your North County Realtor might think it is more prudent to refer only licensed contractors.   A California state contractor’s license indicates basic knowledge of construction or experience in a trade specialty.  However, it does not indicate any knowledge of North County home inspection issues.  Specialized knowledge is necessary to provide a thorough and diligent home inspection.  A contractor’s license also provides a false sense of security that a consumer has some form of recourse against a contractor for a poor inspection.  The Contractors State License Board will not investigate complaints, or take disciplinary action against a contractor for the performance of a home inspection.

My last company suggest that we just refer three companies and let our clients pick.  This only works if your San Diego Realtor has done his own due diligence on the three inspection companies.  There was an arbitration case a few years ago involving a prominent brokerage in the Los Angeles area in which the agent got three brochures from the many stands in the office, gave them to their client and instructed them to choose one.  The inspection failed to report significant conditions within the property.  In cross-examination of the agent, they were asked, “What steps did you take to qualify the three companies you provided to your client?”  The response was “I heard they were good.”  Given that the agent did little or no investigation of the three companies, the arbitrator ruled in favor of the plaintiff.  Gary Harmon will never refer you to anyone that he has not used before.

When you are buying a San Diego North County home, you can trust Gary Harmon to help you select a tried and true home inspector.  Contact Gary Harmon now and find your dream home today.
This website is the best way to see all current real estate listings of San Diego North County homes, San Diego North County houses, San Diego North County real estate, San Diego North County property, San Diego North County properties, or other San Diego North County listings. Ues it for San Diego North County home searches or to search homes in any part of San Diego North County.    All content by .

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California Foreclosure Rates

The chart below shows California foreclosure rates by county.  As you will see San Diego County and especially San Diego North County has done well when comparing it to the rest of the state.  Only 1 in 27  households have been foreclosed on in San Diego County compared to 1 in 10 in many counties.  If you are looking for a distressed home to buy, you might want to consider a San Diego foreclosure homes, short sales, REO’s or bank owned homes. 

If you are interested in finding  San Diego foreclosure homes or other distressed properties, contact Gary Harmon, your top North County Realtor.   See up to the minute San Diego North County homes market statistics here.

Ever wonder which lenders made the most bad loans, see San Diego Short Sale Lenders.

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Foreclosure Homes

San Diego foreclosure homes, REO,s and short sales continue to be available in San Diego North County.  However, overall, the amout of San Diego homes for sale of any kind is down this year as compared to recent years at the same time.  If you are interested in finding  San Diego foreclosure homes or other distressed properties, contact Gary Harmon, your top North County Realtor.   See up to the minute San Diego North County homes market statistics here.

The San Diego North County housing market may still be struggling to gain solid footing—low interest rates and significantly-discounted prices make it a great time to purchase North County homes.  San Diego housing prices are still below their peak in 2006, and another wave of foreclosed properties is expected to hit the North County housing market this year as banks unload their backlog—offering homes at low prices.  Currently there is a shortage of North County homes to sell, partially because lenders are still holding inventory.

Vice president of Realty Trac, Daren Blomquist, says “Home prices will continue to be very fragile.” “We don’t expect prices to fall another 20% to 30%, but there won’t be a recovery until the distressed inventory has cleared.”  RealtyTrac estimates that home prices will start to increase once banks clear their 17-month inventory of foreclosed properties. The national average of prices for foreclosed (real estate owned or bank-owned) properties at $152,465 continues to be lower than the sales price for all properties (including foreclosure and non-foreclosure) at $203,779, according to RealtyTrac.

While some housing markets Nationally, started to recover, home prices started to fall again in all markets last quarter, according to Standard & Poor’s Indices. “On a nominal basis, housing prices are the same as those in 2002 and 2003, having declined from their peak in 2006 due to the high number of foreclosures.”

According to the National Association of Realtors, all cash sales accounted for 33% of real estate sales in February. “In February, 20% of closed sales were of foreclosures– they’ve been at comparable levels for some time,” says Walter Molony, senior public affairs specialist at the National Association of Realtors. “There’s competition in most market areas between cash investors and first-time buyers, with reports of multiple bidding on discounted foreclosures becoming more common.”

Nevada, California, and Arizona experienced the highest number of foreclosure filings at the end of February, according to RealtyTrac. They had between two and three times more than the nation, as one in every 637 homes in the nation, or 0.16% of homes, received a foreclosure filing, a notice that the foreclosure process will begin. The number of foreclosure filings in a state can translate to that state having the highest percentage of foreclosure sales, as Nevada had 56%, California had 43%, and Georgia had 39% of all sales being foreclosed homes during the fourth quarter of 2011, according to RealtyTrac.

Ever wonder which lenders made the most bad loans, see San Diego Short Sale Lenders.

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