January 2014 is a Neutral Real Estate market in San Diego

Home For Sale in January 2014: 6057 units.

•	Up 5.8% compared to the last month
•	Up 35.8% compared to the last year

Home Closed in January 2014: 1983 units.

•	Down 25.7% compared to the last month
•	Down 19.6% compared to the last year

Home Placed under Contract in January 2014: 2798 units.

•	Up 36.8% compared to the last month
•	Down 6% compared to the last year

If you don't own a home, it is a good time to buy! Call me today at 760-757-3468 to see your dream home.

If you own a home, and want to know the value of your home today with no obligation, Click Here

Joan Wilson ^{(Realtor, SRES, Ecobroker, Certified REO, HAFA, and Short Sale Specialist)}

Pacific Sotheby's International Realty

Call or Text: 760-757-3468

joan@joanwilsonrealtor.com

CAL BRE License # 01341483

Homebuyer Do’s and Don’ts

Recommended DO’S:

Recommended DON’TS:

DO continue to make payments on time for current mortgages, cars, credit cards, etc. DO paper trail, document, and explain any large or unusual deposits or withdrawals into accounts (checking, savings, stock, etc.). DO keep pay stubs, bank statements, tax forms, etc., in case the lender needs to update the documentation prior to closing. DO ask questions if something is unclear about the loan program, fees, and/or loan conditions. DO let the loan officer or mortgage broker know if anything changes.  For example; employment, income, assets, credit history, etc.  DO document that the earnest money deposit has cleared your account — obtain a copy of the cancelled check and/or the statement that reflects the funds have cleared. DO lock-in the interest rate, have homeowner’s insurance agent information available and provide updated documentation (pay stubs, bank statements, etc.) in a timely manner so as not to delay the closing.

DO NOT increase credit card balances and/or loan balances. DO NOT apply for additional or new credit or put balances on a paid credit card. DO NOT ignore late payment and/or collection notices that are received during the mortgage process. DO NOT purchase anything that is “same as cash” — it will show on the credit report as a new debt. DO NOT buy furniture, cars, or appliances on credit until after closing.  DO NOT lend money to family members, friends, etc. if it is needed for closing. DO NOT store money at home, place it in a bank account so it can be documented as savings throughout the loan process and can qualify as assets on hand. DO NOT have overdrafts on a checking account.  DO NOT quit or change jobs during the loan process.

Looking for an agent to find you the right home? I am here, just give me a call.



Joan Wilson ^{(Realtor, SRES, Ecobroker, Certified REO, HAFA, and Short Sale Specialist)}

Pacific Sotheby's International Realty

Call or Text: 760-757-3468 

joan@joanwilsonrealtor.com

CAL BRE License # 01341483

Top 9 Regions for Flipping Houses (7 in Calif.)!

Investors gobbled up 156,862 single family homes and flipped them in 2013, up 16% from 2012 and up 114% from 2011, according to RealtyTrac.

Homes flipped in 2013 accounted for 4.6% of all U.S. single family home sales during the year, up from 4.2% in 2012 and up from 2.6% in 2011.

Flips accounted for 3.8% of all sales in the fourth quarter, down slightly from 3.9% of all sales in the third quarter and down from 7.1% of all sales in the fourth quarter of 2012 — the highest percentage of sales represented by flips in a single quarter since RealtyTrac began tracking flipping data in the first quarter of 2011.

The average gross profit for a home flip was $58,081 for all U.S. homes flipped in 2013, up from an average gross profit of $45,759 in 2012.

The average gross profit for homes flipped in the fourth quarter was $62,761, up from $52,746 in the fourth quarter of 2012.

1. San Jose-Sunnyvale-Santa Clara, Calif.

Average profit: $166,287
Flipped price: $704,762
Number of flips: 202

2. San Francisco-Oakland-Fremont, Calif.
Flipped price: $621,380
Average profit: $154,130
Number of flips: 584

3. Oxnard-Thousand Oaks-Ventura, Calif.
Flipped price: $510,906
Average profit: $143,578
Number of flips: 197

4. Ocean City, N.J.
Flipped price: $467,113
Average profit: $140,716
Number of flips: 53

5. Los Angeles-Long Beach-Santa Ana, Calif.
Flipped price: $513,975
Average profit: $127,634
Number of flips: 2,116

6. San Diego-Carlsbad-San Marcos, Calif.
Flipped price: $475,306
Average profit: $120,180
Number of flips: 900 

7. Santa Rosa-Petaluma, Calif.
Flipped price: $411,909
Average profit: $113,001
Number of flips: 125

8. Salinas, Calif.

Flipped price: $438,333
Average profit: $100,228
Number of flips: 69

9. Seattle-Tacoma-Bellevue, Wash.
Flipped price: $319,280
Average profit: $97,002

Number of flips: 485



Give me a call,  I can help you find the perfect house to flip!



Joan Wilson 760-757-3468

Pacific Sotheby's International Realty

Call or Text: 760-757-3468

joan@joanwilsonrealtor.com

CAL BRE License # 01341483