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Paul Dudek
Real Estate Agent
    Years of Experience: 5 yrs in Southern California market

Direct: (760) 805-4079

Office: 760-805-4079



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Homelife Village Realtors
500 Grand Ave.
Carlsbad, CA
760-805-4079


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10 Reasons to Buy a Home

Thursday, November 4th, 2010

An article in the Wall Street Journal took issue with a recent TimeMagazine cover story calling into question most Americans cherished beliefs about home ownership. Much of what the Journal stated isn’t new. In fact, it recites benefits of home ownership that you already know better than anyone. But in pulling them together in the way it does, it makes you realize just how compelling home ownership is from just about every standpoint. If you haven’t seen the piece, by Brett Arends, here’s a thumbnail sketch of its 10 points:

Why is now a great time to buy?

1. You can get a good deal. Prices are down 30 percent on average depending on which part of the country you are looking . They’re at a level that makes sense for people’s income.

2. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate mortgage, your costs to own are down by a fifth from two years ago.

3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.

4. It’ll be yours. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?

5. You can get a better home. In some markets, it’s simply the case that the nicest places are for-sale homes and condos.

6. It offers some inflation protection. Historically, appreciation over time outpaces inflation.

7. It’s risk capital. If the economy picks up, you stand to benefit from that, even if you’re goal is just to have a nice place to live.

8. It’s forced savings. A part of your payment each month goes to equity.

9. There is a lot to choose from. There are some 4 million homes available today, about a year’s supply. Now’s the time to find something you like and get it.

10. Sooner or later the market will clear. The U.S. is expected to grow by another 100 million people in 40 years. They have to live somewhere. Demand will eventually outpace supply.

How do I Prepare for Selling my Home?

Tuesday, October 26th, 2010

Home sales during the fall are traditionally a bit slower than the spring and summer months. But fall can be a good time to sell because there are (usually) fewer houses on the market which means less competition and buyers typically want to buy quickly before winter and the holidays set in. 

      If you plan on selling this fall, you’ll want to do everything in your power to attract  homebuyers. One of the first things you should do is examine, and, if needed, repair any major structural systems. If you’re unaware of any, you may want to hire a professional home inspector. Chances are a potential buyer will hire an inspector to examine the house, so you might as well save yourself any surprises down the road. 
      The American Society of Home Inspectors says a typical home inspection includes drainage conditions 
exterior surfaces, decks, chimney, the roof, windows, doors, plumbing fixtures, furnace, air conditioner, insulation, ventilation, electrical, heating, and plumbing systems.

Once that’s done, you should make sure you don’t have any loose shingles. Repair and paint your gutters, if needed. Once the structural systems are repaired or given the thumbs-up, then you should turn to appearance. And when it comes to looks, if you’re selling in the fall, there are many things to consider, including:

Curb appeal. In other words, the way your house looks from the street – the roof’s condition, how the paint is holding up, whether the windows are sparkling, the lawn is mowed, the landscape is attractive and not buried beneath a peppering of fall leaves, and the driveway and walkways are free from toys and clutter.Entering the house. Your front door should be in good condition. Usually when the real estate professional is busy retrieving the key from the lock box, the potential buyers are standing by with nothing else to look at but the front door. Does it need painting or staining? Also, new hardware will make it stand out, and why not adorn it with a seasonal fall wreath?  

Once inside your house, the two things that immediately turn off prospective buyers are dingy walls and dirty, ill-colored, outdated, or shabby carpet. Sometimes it’s hard to be objective about the condition of your own house because you see it every day, so ask a friend, neighbor, or your real estate agent to give it a look and give you their honest opinion. Fresh paint can do wonders. Keep the colors neutral. And while you can offer buyers a carpet allowance to compensate for bad carpet, replacing it before selling really boosts that first impression and makes the house more appealing and worth more in the buyer’s mind. Clear the clutter. If you have too much furniture, put some of it in storage. Fewer pieces of furniture will make the room seem larger and more open. Also, clear counters in the kitchen and bathrooms. Make sure closets are clean. Pack up some of your clothes now. Fewer hanging clothes in the closet will make the closet appear bigger.

Talk to the professionals. Now’s also a good time to interview real estate professionals. Ask about their experience, find out how well they know the area you’re eyeing, and talk to references. Once you have someone lined up you can follow his or her additional recommendations and begin the final phases of preparation before your house goes on the market.

Finally, you should be mindful of setting a competitive price. Your REALTOR® will begin by conducting a competitive market analysis of your house and give you an estimate of the fair market value of your home, which is a range that will fluctuate depending on the housing market in your area and how much similar homes in your neighborhood are selling for.Don’t insist on setting the price too high, especially if you’re on a timeline. A house priced appropriately will be taken more seriously and will ultimately sell more quickly than one that’s overpriced.

Home Prices in North County San Diego, including Oceanside and Carlsbad

Wednesday, October 6th, 2010

If you are considering the purchase of a home or just wondering how the market is here in North County take a look at the stats below.

AUGUST 2010 statistics for both Detached and
Attached homes.

The countywide median SFD price of homes sold fell from $392,000
in July 2010 to $385,000 in August 2010, but increased 2.67
percent from August 2009 for 12 months of year-over price increases
countywide.

NORTH COUNTY
============
The median price for all North County home sales – attached and
detached – decreased 3.89 percent in August 2010 from July 2010,
to $385,000

DETACHED HOMES
===============
Detached homes in North County decreased 3.16 percent from
$475,000 in July 2010 to $460,000 in August 2010. Year-over
median single-familydetached homes in North County decreased
one percent, from $465,000 in August 2009.

ATTACHED
=========
Attached home prices in North County decreased 5.55 percent to
$232,500 in August 2010, for two consecutive months of price
decreases. North County attached homes decreased 11.93% from
$264,000 a year ago; countering 12 straight months of year-over
price increases, following 24 months of year-over declines.

DAYS ON MARKET AND UNITS SOLD
=============================
Median days-on-market for single-family detached homes in North
County increased to 48 days in August 2010 from 42 days in July
2010. The number of North County single-family homes sold rose
0.14 percent from July 2010 to August 2010. Sold units remained
constant year-over compared to August 2009, following a July
2010 year-over decrease that countered a trend from January 2010
of year-over sales increases.

Statistics are per Homedex

Oceanside California Real Estate Market

Monday, April 5th, 2010

To Buy or not to buy, that is the question.

Consumers trying to time the market and purchase their home at precisely the right time when prices are at thier lowest are advised to take a different approach.  While home prices have leveled off  in the Oceanside area as well as most of North county San Diego coastal, and have even  risen in some markets, mortgage rates may rise, offsetting any potential savings.

Early last year, the Federal Reserve  purchased mortgage-backed securities, which kept interest rates low for consumers.  However, the Fed’s purchase program ended in March, and some analysts predict that interest rates will  increase throughout the rest of the year.  Some predictions have the rates rising to 5.5 percent by mid-2010 and close the year at 5.75 percent to 6 percent.  The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) projects rates on 30-year fixed-rate mortgages to average 5.6 percent this year.

The high end Real Estate market is also facing challenges with buyers qualifying for financing.  During the height of the market, many high-end home purchases were fueled by exotic mortgage products.  Those mortgages are no longer readily available and many lenders are requiring borrowers to provide proof of income, such as W-2s and recent paystubs, as well as demonstrate their ability to meet the monthly mortgage obligation.

The answer to the question above is “Buy now”, the market has leveled off and predictions are that the interest rates will probably rise. If there is an increase in interest rates the savings off the overall purchase price of the home will be cancelled out.

Oceanside, California. Coastal Affordability

Tuesday, March 30th, 2010

Oceanside, The last affordable city on the coast in southern California. As coastal cities go Oceanside is a hidden gem. With great neighborhoods such as  Firemountain, Rancho Del Oro, and Jeffries Ranch we have some of the most family friendly areas in North County San Diego and you are never more than 10 or 15 minutes from the ocean.

If you are looking to purchase a home in Oceanside you need a realtor that knows this area. Contact me and we will put together a profile of what you are looking for and make sure that you are looking in the right neighborhood.

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