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THE REAL ESTATE REPORT and HOMEOWNER GUIDE
Lynn Rizzi REALTOR® (DRE License Number 01270617)
Utopia Mortgage & Real Estate
4617 Ruffner St
San Diego,  CA  92111
619.787.9341
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IN ESCROW
Short-Sale: Awaiting lender approval on this 2-BR/2-BA completely upgraded condo in El Cajon.
New lead rules affect pre-1978 homes
Many houses, apartments and other buildings that were built prior to 1978 may have paint in them that contains lead. Lead-based paint can pose serious health hazards if not taken care of properly, especially for children and pregnant women. If you live in a home that was built prior to 1978, or if you're thinking of buying or renovating one, this is certainly an issue that you need to be aware of.
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Add power to purchase offer
Figuring out how much to offer on a home you'd like to make your own is never easy. A complicating factor is that although it appears that the housing market may be stabilizing, there is no guarantee that prices won't slip further.
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Short sale success strategies
Some buyers have made offers on short sales, then waited as long as six months to a year, only to be denied lender approval. Approval from the seller's lender(s) of current loans secured by a short-sale listing is necessary if the proceeds from the sale aren't enough to pay back the lender and cover the seller's closing costs. About one in three short-sale listings never sell.
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Lynn Rizzi
REALTOR®
Utopia Mortgage & Real Estate
4617 Ruffner St
San Diego,  CA  92111
619.787.9341
Contact Me
Visit My Web Site
Equal Housing Opportunity   
  
Water audits prepare you for the future
Despite a very wet season this past winter, the increase in rainfall didn’t make up for many years of below-average water levels. In 2009 California Governor Arnold Schwarzenegger declared a state of emergency in an effort to manage the drought crisis. Since then, many water companies have put into place mandatory water rationing with financial penalties for homeowners who don't comply. Before you find yourself paying more for your water, be prepared for the future by conducting a water audit (don't worry, you don't have to find all your water bills from the past two years). ...more
 
Seven rules for room additions
If you're happy with your home and your neighborhood but are craving a little more space, maybe adding on is a better alternative to moving out. Room additions can be a terrific alternative for many homes, adding space for a growing family and adding resale value at the same time. ...more
 
Sellers face new dilemma in timing the market
Some sellers have been biding their time for three years and now wonder if they should continue to wait or bite the bullet and sell now. ...more
 
Not all buyers are worth a counteroffer
After mustering the emotional energy to make an offer on a listing, it can be devastating if you hear nothing back from the seller. ...more
 
Presale inspections for smoother sales
Homes are selling for less. Everyone's trying to cut back. Yet, many real estate agents think it's wise for sellers to provide presale inspections for buyers to review before they write offers. Is the cost, which could run from a few hundred to $1,000 or more, worth the expense? ...more
 
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