Trying to find an apartment with less than perfect credit isn’t easy. According to a 2009 survey by Rent.com, 81 percent of property managers have seen a decline in the creditworthiness or credit score of prospective renters, and due to the shift, 43 three percent of landlords reduced their credit policy standards in order to fill vacancies. Many property owners believe a person’s credit report offers a glimpse into a future renter’s financial stability. While low credit scores can be an obstacle, it’s not the only thing landlords look at. Here is a list of things renters with low credit scores should consider:
Know what landlords want
Every landlord wants a clean, quiet tenant that pays his or her rent on time. That said each property owner sets their own criteria for selecting renters. "Given the economic climate, many property managers are still experiencing higher vacancy rates, and some might be willing to bend the rules a bit in order to keep their units occupied," Peggy Abkemeier, president of Rent.com, an online rental listing company based in Santa Monica, California told CreditCards.com. Abkemier says many landlords want a credit score of about 670. However, experts agree that potential tenants can explain any hits on their credit score. Often times, renters can send a letter explaining some of the difficulties they may have had in the past and explain how the problem has been resolved.
Renters with low credit scores might consider asking a cosigner to sign the lease. According to Zillow, a real estate blog, a cosigner’s signature makes the person legally responsible for costs should the renter not pay. It offers another layer of security for a landlord, who may worry about getting paid on time.
Make a Larger Deposit
In some cases, a landlord may feel at ease if a renter offers to pay a larger deposit upfront. This shows the landlord the renter is serious and that the renter has saved money for this important move.
While an apartment might be the current plan, it’s likely a renter will want a home someday. It’s important to sit down with a qualified banker to make sure a plan is in place to raise and maintain a respectable credit score. Credit scores don’t change overnight, it takes time, which is why renters should start on a long-term plan while they are renting so there are fewer problems in the future.
Balboa Park 8-Mile & 3-Mile Runs Aug. 4
San Diego Surf Cup 2012 Aug. 4-9
Clairemont Family Day Aug. 4
Marine Band San Diego Summer Concert Aug. 4
Color Me Rad 5K Aug. 11
Petco Park. 30-$50. (801) 458-8533 / www.colormerad.com
Bird Rock - Taking It To The Streets Aug. 11
CityFest Aug. 12
Best of San Diego Party Aug. 17
TRASH the Gala Aug. 18
Midnight Madness Festival Aug. 18-19
America's Finest City 5K Run/Walk Aug. 19
Wild Rides Car Show Aug. 19
Mira Mesa Festival of Beers Aug. 25
Bike The Bay Aug. 26
End of Summer Fire Run Aug. 26
Robert Egger South Bay Recreation Center Carnival Aug. 26-28
Throughout the country and here in San Diego, new home construction is enjoying a notable recovery - one that industry experts attribute to increasing real estate demand and shrinking inventory. According to CNN Money, housing construction starts went up by 6.9% in June, bringing the annual rate to a four-year high of 760,000. In the face of low housing prices, eager buyers are finding fewer sellers prepared to put their homes on the market in move-in condition. Therefore, as Redfin founder Glen Kelman tells CNN, those with the means to do so are turning to new construction as a means to getting the homes they want.
The revitalized homebuilding landscape has led to rise in builder confidence. Based on reports from the National Association of Home Builders, industry outlook is comparatively rosy across the entire country, with confidence at its highest level in five years. This in turn has led to a rise in home prices - oftentimes a necessary catalyst to set buyers in motion snatching up great real estate deals before costs go any higher. Indeed, the Los Angeles Times reports a slow but steady increase in home values over the past four months - a trend that Zillow Chief Economist Stan Humphries describes as lending some "organic strength" to the housing market recovery. All these factors combine to fuel the real estate fire.
Homebuilding in San Diego County correlates with improved new home sales
Throughout San Diego County, new housing permits and new home sales are on the rise echoing national improvements and signaling growing confidence for both builders and buyers alike. According to the San Diego Chapter of the Building Industry Association, 2012 has seen 3,040 new home permits issued to date, versus 2,997 at this time last year. In addition, there have been 1,411 new home sales to date in 2012 - a sizeable boost compared to last year's 1.112. Demand for new homes not only aids the construction industry, but also highlights the need for new real estate inventory. As competition for existing properties stiffens, sellers can begin to demand higher prices - and prospective buyers may do well to consult an experienced local agent for advice in securing the best possible values.
As a seasoned La Jolla real estate agent, I offer my clients valuable insight into the local market. Whether you are selling your San Diego home, searching for the perfect property or considering investing in a new or custom-built home, my staff and I provide superior customer service and dedication to your unique priorities and goals. At Cher Conner & Associates, many of our clients have been with us for years - even decades. We treat our clients like family; and in return, they continue referring friends and loved ones to our La Jolla real estate agency again and again.
To learn more about new homes and existing properties in La Jolla, Del Mar and other San Diego coastal markets, contact us today: http://www.realestateinlajolla.com/.
San Diego Film Festival Block Party Sept. 28
Tour de Fat Bicycle Parade Sept. 29
Sleepless America in San Diego Sept. 29
Tour de Poway Sept. 30
AIDS Walk/Run San Diego Sept. 30
Adams Avenue Street Fair Sept. 30-Oct. 1
The Haunted Hotel Sept. 21-Oct. 31
The Haunted Trail Sept. 28-Oct. 31
Scream Zone Sept. 28-Oct. 31
La Mesa Oktoberfest Oct. 5-7
San Diego Walk Now for Autism Speaks Oct. 6
Pacific Beachfest Oct. 6
FilAmFest Oct. 6
Oktoberfest by EdUcate Oct. 6
Old Town San Diego Art Festival Oct. 7-8
Hillcrest Hoedown Oct. 7
Polish Festival San Diego Oct. 12-14
La Jolla Art & Wine Festival Oct. 13-14
Little Italy Festa Oct. 13-14
Tierrasanta Oktoberfest Oct. 13
Union-Tribune Night & Day Festival Oct. 13
Fifth Avenue Auto Showcase Oct. 14
San Diego Healing Arts Festival Oct. 14
Rancho Penasquitos Recreation Council Oktoberfest Oct. 19
MS Bay to Bay Tour Oct. 20
Serra Mesa Community Fair Oct. 20
Neighborhood 5-Year Anniversary Party Oct. 20
Making Strides Against Breast Cancer Oct. 21
The Boulevard Boo! Carnival Oct. 27
Cardiff Surf Classic & Green Beach Fair Oct. 27
Monster Bash Oct. 27
Nightmare on Normal Street Oct. 27
The neighborhood you live in can have just as much impact on your life as the house you live in. When you decide to start looking for a new home, first create a profile of your ideal neighborhood. Here are some factors to consider.
The National Association of Realtors released the article below noting that 2012 offered one of the highest Housing Affordability Indexes since 1970...great news for buyers!
WASHINGTON (January 9, 2013) - With 11 months of data reported, 2012 will clearly go down as a record year for favorable housing affordability conditions, and a great year for buyers who could get a mortgage, according to the National Association of Realtors®.
NAR's national Housing Affordability Index stood at 198.2 in November, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater the household purchasing power; recordkeeping began in 1970.
An index of 100 is defined as the point where a median-income household has exactly enough income to qualify for the purchase of a median-priced existing single-family home, assuming a 20 percent downpayment and 25 percent of gross income devoted to mortgage principal and interest payments. For first-time buyers making small down payments, the affordability levels are relatively lower.
For all of 2012, NAR projects the housing affordability index to be a record high 194, up from 186 in 2011, which was the previous record. November's reading was 2.5 index points below October, but up 1.5 index points from a year earlier.
Lawrence Yun , NAR chief economist, said home buyers are able to stay well within their means. "Although 2012 was highest on record, the excessively tight underwriting precluded many would-be homebuyers from locking-in generational low interest rates," he said. "Rising home prices and a gradual uptrend in mortgage interest rates will offset improvements in family income, but 2013 likely will be the third best on record in terms of household buying power. A window of opportunity remains open for buyers who can qualify for a mortgage."
NAR projects the housing affordability index to average 160 during 2013, which means on a national basis that a median-income family would have 160 percent of the income needed to purchase a median-priced existing single-family home. Conditions vary widely, with the highest buying power in the Midwest. Even in the West, where the regional index is lower, they typical family is well positioned in most markets.
NAR President Gary Thomas, broker-owner of Evergreen Realty in Villa Park, Calif., said the minor erosion in affordability conditions moving forward could be mitigated by bank and regulatory policies. "Clearer rules from the government regarding future lawsuits and buybacks of Fannie and Freddie loans could encourage banks to use their massive cash holdings to originate more loans," he said.
"A more sensible lending environment that makes it easier for other financially qualified buyers to get a mortgage would allow many more households to enter the market, boosting home sales as much as 10 to 15 percent," Thomas said.
The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
Full article at:
The Athenaeum Music & Arts Library, located in the heart of La Jolla, California is one of only 16 nonprofit membership libraries in the United States. This rare cultural institution, an important one to the greater San Diego area, offers a depth and accessibility of resources and programs found nowhere else in the region. The library, devoted exclusively to music and art, has an outstanding and ever-expanding collection of books, periodicals, reference material, compact discs, videocassettes, DVDs, sheet music, and librettos, as well as one of the most significant collections of artists' books in Southern California. The library is open to the public five days a week; members can check out materials for a modest annual fee.
Many people dont know that you can hear fine musical selections from chamber groups to small musicians of every genre in this cozy setting....steps from your La Jolla Home! Seating is on a first come basis and doors open at 7 p.m.
Saturday, February 2nd's performance will feature violinist Jennifer Koh at 7:30 p.m. Passionate and inspiring, her performance will encompass traditional to contemporary music. Jazz musicians will also be coming to the Athenaeum on Thursday, February 7th, 13th and 21st, featuring Sara Gazarek, the Mats Eilertsen Trio, and Road Work Ahead, all playing at 7:30 p.m. You can visit the library Tuesday through Saturday from 10 a.m. to 5:30 p.m. and hours are extended until 8:30 p.m. on Wednesdays. To find out more, please click here.
Spring Home/Garden Show Mar. 1-3
Finish Chelsea's Run Mar. 2
Sue Krenn 15K Mar. 2
Urban Warrior Dash Mar. 2
Robert Egger South Bay Recreation Center Carnival Mar. 7-10
Colon Cancer Alliance Undy 5000 5K Run/Walk Mar. 9
San Diego Winemakers Show Mar. 9-10
San Diego Half Marathon Mar. 10
San Diego Half Marathon Gaslamp Block Party Mar. 10
Connections Housing Downtown Grand Opening Mar. 11
Persian New Year Mar. 12
Epic Beer Festival Mar. 15-16
North County St. Patrick's Day Parade & Festival Mar. 16
St. Patrick's Day 10K, 2-Mile & 4-Mile Run/Walks Mar. 16
Philippine Faire 2013 Mar. 16
St. Patrick's Day Festival Mar. 16
Shamrock 2013 Mar. 17
Fight for Air Climb & Festival Mar. 23
Busker Festival at Seaport Village Mar. 23-24
Rolando Street Fair Mar. 24
San Diego Race for Autism Mar. 30
Community Festival at North Park Rec. Center Mar. 30
ACT Today 5K Apr. 6
Project Wildlife 4th Annual Baby Shower Apr. 6
La Jolla Concours d' Elegance Apr. 6-7
After Dark Dash Apr. 6
Carlsbad 5000 Apr. 7
East Village Opening Day Block Party Apr. 9
Super Heroes 5K & 10K Apr. 13
Step Into Discovery - Walk for Salk & Explore Salk Apr. 13
Gran Fondo San Diego (Expo) Apr. 13-14
Swing Into It Spring Festival Apr. 14
San Diego Seafood & Fairy Shrimp Festival Apr. 14
Boys & Girls Clubs of Carlsbad presents 61st Annual Golf Tournament Apr. 18 "Clubs for a Brighter Future" to benefit Boys & Girls Clubs of Carlsbad. 12:30-6:30pm. 12:30 pm shot gun start, 11:00 registration, lunch, driving range, putting contest. Aviara Golf Club, Carlsbad. (760) 729-0207 / www.bgccarlsbad.org
Chicano Park Day Anniversary Celebration Apr. 20
Soap Box Derby in the Diamond Neighborhood Apr. 20
CityBeat Festival of Beers Apr. 20
EarthFair 2013 Apr. 21
San Diego Celebrate Israel Yom Ha'atzmaut Festival Apr. 21
Adams Avenue Unplugged Apr. 27-28
Linda Vista Multi-Cultural Fair Apr. 27
March for Babies Apr. 27
Walk Multiple Sclerosis Apr. 27
La Jolla Shores 5K/Half Marathon Apr. 28
Art Walk San Diego Apr. 28-29
May 4 - 5
Escondido Renaissance Faire
The age of chivalry will be recreated among the wonders of nature in an idyllic setting. Activities include several of Will Shakespeare's plays, battle pageants, music in the streets, jugglers and hundreds of costumed re-enactors performing in this giant outdoor play. Refer to website
May 4 - 5
30th Annual Old Town Cinco de Mayo
May 4 - 5
4th Annual Ramona Bluegrass & Old West Festival
May 10 - 12
12th Annual Gator by the Bay
Miracle Babies 5k Run/Walk for Hope
Ridiculous Obstacle Challenge
20th Annual Letter Carriers "Stamp Out Hunger" Food Drive
5th Annual Mother's Day Fancy Dress Swim
May 17 - 18
Annual Allied Gardens Spring Fest 2013
Annual North Park Festival of the Arts
Annual Navy's Original Bay Bridge Run/Walk
La Mesa Village Antique Street Faire
Santee Street Fair
May 24 - 26
Annual Valley Center Western Days
Time: Refer to website for specific times
2013 Vista Strawberry Festival
The Jewels of San Diego - All That Jazz
San Diego currently serves over 2,500 children and adults with disabilities and greatly depends on the generous spirit of the community to assist with the continuation of vital services. Refer to website for admission information.
It seems news story after news story focuses on the current state of affairs in the housing market. The struggling economy has left home values at rock bottom prices. Interest rates are at historic lows and smart investors could make a buck or two if they know what they are doing. According to Zillow, a real estate blog, 2012 is the year to invest in cash-flow properties. In the past, investors have sunk their money into fancy, high-priced homes to get a big return, but experts are now suggesting investors look at modest priced homes to gain a long-term money stream. Here are some tips for investors:
Don’t go fancy
Real estate author Leonard Baron says a moderately priced property like a $160,000 home could generate monthly rent that’s $205 greater than your mortgage and operating expenses. That yields you a $2,460 positive cash flow per year. A high priced property that runs about $500,000 will likely yield a rent payment that’s as much as $700 less than the monthly mortgage and operating expenses. That loss translates into a negative cash flow for the year of $8,400.
Stay away from high vacancy areas or declining cities
Fox Business News says investors should know the area they are buying a home in and suggest buying properties in nice, moderate, working class areas where there are not too many foreclosures, empty properties, or in a city or area that is in decline. Buying the right property will require some homework, especially if the investor isn’t familiar with an area.
Buy properties in good shape
If a home needs a lot of work, stay away. These kinds of projects can quickly become money pits and take longer to fix and find renters. Buy properties that are as close to rental ready as possible, says Fox Business News.
Live in it, and then rent it
Fox Business News says fist-time investors can consider buying a home, living in it for a few years and then renting it out. This process can be repeated and in time, wealth can accumulate from several properties.
Fully educate yourself for 3-6 months
The real estate market isn’t for everyone. It’s important to talk to other people who own properties. Bounce your purchasing ideas off another investor, read books and go to the local real estate investment clubs. The more education the better decisions an investor makes along the way.
This is a great article on the rise of Luxury Home Values in the 3rd quarter of this year.
SAN FRANCISCO, Nov 28, 2011 (BUSINESS WIRE) -- Luxury home values rose in Los Angeles, San Diego and San Francisco in the third quarter of 2011 compared to the second quarter, according to the First Republic Prestige Home Index(TM) by First Republic Bank, a leading private bank and wealth management company.
In the quarter ended Sept. 30, 2011, the Index indicated the following:
-- Los Angeles area values rose 0.7% from the second quarter of 2011 and increased 2.5% from the third quarter a year ago. The average luxury home in Los Angeles is now $2.01 million.
-- San Diego area values increased 1.1% from the second quarter and fell 3.9% year-over-year. The average luxury home in San Diego is now $1.63 million.
-- San Francisco Bay Area values climbed 1% from the second quarter and declined 1.4% from a year ago. The average luxury home in San Francisco is now $2.53 million.
"Luxury home prices in many California communities increased due to low inventories, low interest rates, and home prices that have declined over the past few years. This has improved the economics of investing in residential real estate," said Katherine August-deWilde, President and Chief Operating Officer of First Republic Bank. "All three major metropolitan areas in California experienced gains in home prices in the third quarter, which is the first time that has occurred since the fourth quarter of 2010."
First Republic Bank produces the Prestige Home Index each quarter with Fiserv CSW Inc., a leading provider of automated property valuation services and home price metrics to U.S. financial institutions. Historical results of the Index, which has tracked luxury homes since 1985, are accessible at www.firstrepublic.com . First Republic Bank is an active lender in the luxury home market for primary residences and vacation homes.
Los Angeles Area Values
In Los Angeles, values have increased in three of the past four quarters. The highest end of the luxury market appeared to be the most robust, agents said.
"For homes priced at $5 million and up, the market remains active," said Jane Brill Graven of Coldwell Banker Beverly Hills East. "There are well-qualified buyers who are looking for properties at the very top end and they have the upper hand. Owners are having to reduce prices to where the market is."
Along the beach communities, the market was largely unchanged from a year ago. "If we had more and better product, we would have had more transactions in the past 12 months," said Barry Host of South Bay Brokers in Manhattan Beach. "Buyers with money are out there, but there is also a lot of uncertainty. Unless the news starts to settle, the market will continue to bump along."
San Diego Area Values
San Diego prices turned positive again after declining in the first half of 2011.
Despite the modest quarterly increase, luxury home prices remain soft, and many buyers remain uncertain. "We are very busy, but every single deal is a major struggle," said Lucy Kelts of Prudential California Realty in Rancho Santa Fe. "You have to talk realistically with sellers up front. We're not going to get out of this mess until the jobless rate goes down by half."
Greg Noonan of Prudential California Realty in La Jolla said the lower end of the luxury market was picking up. "I'm seeing a bit of pent up demand in the $1.5 million to $3 million range. At $4 million and above, it is a fairly soft market. Buyers are being extremely aggressive in their thinking about price. If a property is on the market for $4 million, buyers want to pay $3.5 million to build in some downside protection."
San Francisco Bay Area Values
In San Francisco and Silicon Valley, the luxury market is strong due to technology-driven wealth creation, lower interest rates and lower home prices. The market also benefitted from higher rents, which further enhances the attractiveness of residential real estate as an investment.
"The higher end market has been pretty strong," said Hugh Cornish of Coldwell Banker in Menlo Park. "There has been less inventory in the higher end and more from $2.5 million to $5 million. Palo Alto has been the strongest market, followed by Menlo Park and Atherton. We are seeing multiple offers, but not for every property."
In San Francisco, the higher end of the luxury market was active. "Above $5 million, the market is healthy," said Mary Lou Castellanos of Sotheby's International Realty. "Smart money is buying now and is taking advantage of lower prices and lower interest rates. At the same time, a growing number of sellers are getting more realistic about price."
In the Wine Country, a number of high-dollar sales have taken place over the past few months. "We're seeing a real surge in the upper end of the market," said Jim Perry of Pacific Union in St. Helena. "People have been waiting on the sidelines. With interest rates so low and prices down, that's hard to pass up."
About The First Republic Prestige Home Index
The First Republic Prestige Home Index(TM) is the first statistical model of its kind customized to measure changes in homes valued at more than $1 million in key California urban markets. Some common features of luxury homes in the Index: 3,000 to 6,000 square feet, three to six bedrooms, and three to six bathrooms. San Francisco Bay Area properties include a cross-section of luxury homes in Alamo, Atherton, Belvedere, Danville, Healdsburg, Hillsborough, Lafayette, Los Altos, Los Gatos, Mill Valley, Moraga, Orinda, Palo Alto, Piedmont, Portola Valley, Ross, St. Helena, San Francisco, Saratoga, Sonoma, Tiburon and Woodside. Properties in Los Angeles represent a cross-section of luxury homes in Arcadia, Beverly Hills, Calabasas, La Canada Flintridge, Encino, Los Angeles, Malibu, Marina del Rey, North Hollywood, Pacific Palisades, Pasadena, Playa del Rey, Santa Monica, Studio City and the West Los Angeles enclaves of Bel Air, Brentwood and Westwood. San Diego properties represent a cross-section of luxury homes in Carlsbad, Coronado, Del Mar, Encinitas, La Jolla, La Mesa, Poway, Rancho Santa Fe, San Diego and Solana Beach. In producing the Index, Fiserv CSW Inc. draws upon its economic database and years of experience in tracking single-family home values; collects and cross-checks data from multiple sources; achieves a weighted balance of validation elements such as repeat sales, comparable sales, and physical home characteristics; and combines this with First Republic's extensive local market knowledge.
About First Republic Bank
First Republic Bank /quotes/zigman/2803861/quotes/nls/frc FRC +0.07% and its subsidiaries provide private banking, private business banking and private wealth management. Founded in 1985, First Republic specializes in exceptional, relationship-based service offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. First Republic is a component of the S&P Total Market Index, the Wilshire 5000 Total Market Index(SM), the Russell 1000(R), Russell 3000(R) and Russell Global indices and six Dow Jones indices.
About First Republic Private Wealth Management
First Republic Private Wealth Management is the investment management, trust and brokerage group of First Republic Bank. First Republic Private Wealth Management offers objective advice and fully customized solutions with the same level of exceptional client service that has been the hallmark of First Republic Bank for more than 25 years. First Republic has the flexibility to provide individuals, families, businesses, endowments, schools and non-profit organizations with appropriate choices that responsibly meet a client's specific investment objectives. Securities Products and Services are offered by First Republic Securities Company, LLC - Member FINRA/SIPC. First Republic Securities Company and First Republic Investment Management are wholly owned subsidiaries of First Republic Bank. Unless otherwise disclosed, investments through First Republic Investment Management and First Republic Securities Company, LLC are not FDIC-insured, not bank guaranteed and may lose value.
SOURCE: First Republic Bank
Full article can be found here:
Although the holidays are coming to an end, that doesn't mean the exciting events are! Here is an exciting outing near your La Jolla Home!
Whale watching season began on Monday down at the Harbor. Birch Aquarium at Scripps is sponsoring daily rides out to the ocean to catch some spectacular view of the majestic gray whale.
Those who want to capture the awe of this giant, underwater mammal can choose from twice-daily tours that run through the spring. Scripps naturalists are taking people out on cruises for whale watching adventures on vessels from Flagship Cruises and Events out to the Baja breeding grounds of gray whales.
Guests aboard the ships will get an up-close look at the animals and learn about their habits and migration. Gray whales are baleen whales, which means instead of teeth, their jaw has bristle-like material that catches microscopic plankton. Though their diet consists of some of the tiniest creatures, gray whales can weigh more than 35 tons be more than 50 feet in length, making them the longest mammal in the world.
According to the Birch Aquarium website, about 20,000 gray whales pass through San Diego on their annual 10,000-mile round-trip journey from the Bering Sea to the lagoons of Baja California. You'll be able to see some of them on their journey at these special whale watchings.
Make sure you bring warm clothing and binoculars to your cruise. The adventures ship out twice daily, one from 9:45 a.m. to 1:15 p.m. and another from 1:30 to 5 p.m., departing from the San Diego Bay at 1050 N. Harbor Dr. Tickets cost $35 weekdays and $40 weekends, but members of the aquarium pay just $30. Kids 4-12 cost $17.50 during the week and $20 on the weekends. Seniors and military with ID cost $30 on the weekdays and $35 on the weekends.
Reserve yourself a spot by calling 619-234-4111 or visiting the cruise line that conducts the whale watching at their website.
Information courtesy of www.LaJollaPatch.com
The 2011 San Diego County ACADEMIC PERFORMANCE INDEX (API) is in! If you are looking for a new school for your child or you want to see how the one they currently attend did, look no further! See the TOP Scores & Ranking for 2010-2011 (Released September 2011, California Department of Education).
These are the scores and rankings of all public schools in San Diego County. The API scores represent how well the students are learning basic skills. The table shows the following: DISTRICT, TYPE (i.e. elementary) SCHOOL IN DISTRICT & API - ranges anywhere from 200 to 1000 points on the basis of how well the students score on
standardized tests. The statewide performance for all schools is 800. The 2010 Base API - shows the scores that were reported in March 2010, based on 2010 test results, sets targets for growth in the API from 2010 to 2011. The 2011 Growth API - shows the scores that were reported in August 2011, based on 2011 test results, and shows growth in the API from 2010 to 2011. The Growth - summarizes a school's performance, the change from year to year.
Click here for the San Diego County School results for 2011
We are approaching the last weekend of Museum Month in San Diego! This is a cheap and fun way to get out there with friends and family and also educate yourself. Presented by Macy's, this popular event allows participants to enjoy half-off entry fees at 40 San Diego Museum Council member museums. One of the many Museums participating is La Jolla Historical Society, steps from your La Jolla Home.
Museum Month Passes may be picked up at anySan Diego Macy's. The passes are free while supplies last. With a pass, up to four visitors can gain admission to any of the 40 participating museums for half-price! What a deal. This is the last weekend so get out there and enjoy!
For more information visit the website.
Not many people are aware of this but as of January 1, 2013, if you sell your home you could be taxed 3.8% in addition to all the normal selling expenses! As a La Jolla Real Estate Agent I find it quite important to get this information out! The simplified version of the bill is this:
Each person will be taxed - in addition to his/her income tax - on 3.8% of the
amount that the following income causes adjusted gross income to exceed $250,000
(for joint filers) or $200,000 (for non-married filers):
1. Nonbusiness interest, dividends, annuities, royalties, and rents;
2. Other gross income of a passive activity or a business trading financial
3. Net gain on the disposition of nonbusiness property (real estate)
(including net gain indirectly derived from disposition of a partnership
interest or S corporation stock); and
4. Investment of any business's
For detailed information on this upcoming bill and how it will affect you click here.
After months of frustrating decline, median California home values achieved a welcome gain this spring in the form of a 0.8% increase over last year's numbers, according to reports from the Los Angeles Times. The boost bumped the state's median home price to $251,000, signifying a 5% increase since February 2012 and the market's first year-over-year gain since September 2010. Industry experts acknowledge that the improvement is a small one. However, if the trend continues, some believe that this month's numbers may signal a more comprehensive market recovery in the months and years ahead.
Statewide median home values reflect the middle ground for the real estate market, with half of California properties selling for more than the median figure and half selling for less. This means that property types for sale have a significant influence on overall market values - and that the preponderance of foreclosure properties and short sales is one of the chief culprits behind sluggish recovery efforts. The Times reports that, out of all previously owned homes sold throughout California in March 2012, 1 in 3 were foreclosures and nearly 1 in 5 were short sales. However, the spring surge in market activity may help to combat depressed home prices. And here in San Diego County, where the market has experienced superior improvements (together with Orange and Ventura counties) compared to the rest of Southern California, there is an ideal blend of opportunity for buyers and sellers looking to invest in new property or put real estate on the market.
Maximize value and return on investment with help from a San Diego real estate agent
As noted in our previous columns, now is a prime time for San Diego homebuyers to buy real estate. Low mortgage rates and home prices have made it possible for qualified buyers to snatch up great bargains on previously-owned properties; and meanwhile, dwindling inventory and rising demand from such buyers is making it easier for sellers to get a good value for their property. The key for both buyers and sellers, however, is to enlist the services of an experienced San Diego real estate agent to help vet prospective purchases, ensure smooth and successful negotiations, and navigate the changing landscape of the California market.
At Cher Conner & Associates, we have a reputation of putting our clients first, genuinely listening to their questions and requirements, and achieving consistent results. Today, our client list includes families who keep coming back from one generation to the next, inspired by our faithful service and exceptional work ethic. Join us, and make the most out of your next San Diego real estate transaction today. To learn more, contact us online: www.realestateinlajolla.com.
Tis the season to give back! As the holidays approach us we often look for ways to give back to our community. There are many people in San Diego that need help this year. Whether it's to reduce clutter by bestowing unused food and clothing at local drives, get in shape and soften the heart with community fundraising walks or runs, or offer a helping hand by crossing off that special toy on homeless children's holiiday wish lists, the San Diego Community knows how to come together to offer holiday relief for those in need.
Here is a helpful list put together by DiscoverSD.com. Find one that is right for you!
Event: The Melting Pot's Annual Thanks and Giving Campaign
Charity: St. Jude Children's Research Hospital- Oct. 29th-Dec. 31st
This holiday season, The Melting Pot in the Gaslamp is inviting guests to dip into more than just their favorite fondues, entrees, salads, or delicious chocolate desserts. From Oct. 29th-Dec. 31st, guests are given the opportunity to donate to St. Jude Children's Research Hospital. As the only pediatric cancer research center where all diagnosed children are given treatment even if their family is unable to pay, each dollar will contribute to funding childhood cancer research. The Melting Pot Restaurants, Inc. having donated more than $6 million for St. Jude since 2003. For those who want to make a donation but can't make it out to The Melting Pot this season, please visit meltingpot.com. For more information about St. Jude, please visit stjude.org.
Event: Blue Point Coastal Cuisine's Menus with Meaning: A Chef Charity Dinner Series
Charities: Big Brothers Big Sisters of San Diego County- November; Feeding America San Diego - December
Philanthropy has been made convenient and easy with Blue Point Coastal's Menus with Meaning: Chef Charity Dinner Series. For the month of November, indulge in the Taste of the South four-course dinner and have 20 percent of the check go directly toward helping children realize their potential and build brighter futures through the Big Brothers Big Sisters of San Diego County charity. Choose from Steamed Oysters or Braised Port and Macaroni & Cheese Croquettes for the first course and Yaki Mein or Tanimura Farms Mixed Green Salad for the second course. Then, for the entrée, select a Lobster and Shrimp Jambalaya, Oysterster and Snapper Etouffee, or Sausage and Chicken Creole. And stuff in a delectable dessert by picking either a Chocolate Lava Cake or Bananas Foster. It's an easy way to fill up your belly and your heart for $55 per person. Call 619.233.6623 for reservations.
Please visit the website at cohnrestaurants.com to view the December Menu with Meaning, and donate to helping fight hunger through Feeding America San Diego. Whether you're looking to help promote positive futures for children in November or fight hunger in December, Blue Point Coastal Cuisine will help you wine, dine, and donate to these trusted charities.
Event: Father Joe's Thanksgiving Day 5K Run/Walk
Charities: Father Joe's Villages - Nov. 5th
Before you cram in the pounds at your Thanksgiving Day feast, start your day with Father Joe's Thanksgiving Day 5K Run/Walk to help serve more than 1.7 meals to those in need. Father Joe has been serving meals for more than 10 years to local families with the money raised from this 5K. Join thousands of contributors at 8am on Thursday, Nov. 5th in Balboa Park. Ages 6 through 12 can register before Nov. 7th for $18 for the timed race or $15 for the untimed. For ages 13 and older, the timed race costs $33 and the untimed costs $30 before Nov. 7. After Nov. 7, prices increase by $5. Participants will receive free refreshments at Spreckles Organ Pavilion where the Bill Magee Blues Band will be playing. They will also receive a long-sleeved commemorative T-shirt and a medal if they are within the top three finishers in their age category. Want to bring a leashed furry friend? Free bandanas are given to all participating pets, while supplies last. It's fun for the whole family and a great way to help feed San Diego's hungry. If not interested in participating in the walk, feel free to make a contribution at active.com. For more information visit thanksgivingrun.org.
Event: Pure Fitness United Run For the Hungry 5K & 10K Run/Walk
Charity: Jacobs & Cushman San Diego Food Bank and the Jewish Family Service Foodmobile - Thanksgiving Day
Whether looking to start an hour earlier than Father Joe's Run/Walk, to run a farther distance, or just want to experience Downtown rather than Balboa Park, Pure Fitness United Run for the Hungry 5K & 10K Run/Walk is another option to help feed San Diego's less fortunate. Starting at 7:10am for the 10K and 8:15am for the 5K on Thursday, Nov. 24th in Downtown at Thirteenth Street and Imperial Avenue, this race runs through the Gaslamp District and East Villiage and is the only downtown race in San Diego. Earnings benefit the Jacobs & Cushman San Diego Food Bank, which supplies more than 10 million meals annually, and the Jewish Family Service Foodmobile, which distributes more than 28,000 meals to the elderly and homeless. Please visit unitedrunforthehungry.org to register, donate, or be a sponsor.
Event: Chargers' Food Drive at Qualcomm Stadium (Chargers vs. Green Bay)
Charity: San Diego Food Bank - Nov. 6th
Chargers' fans can ban together this Sunday, Nov. 6th to help fight hunger by participating in the Food Drive at Qualcomm Stadium. Bring nonperishable food items and drop them in the San Diego Food Bank's red donation barrels, located at all stadium entrances before 10:30am. And if looking to receive a signed Philip Rivers football, this is your chance to get competitive, as the top donator wins this prize. So whether you have canned meats, soups, or vegetables or peanut butter, pasta, or packaged nuts and seeds that have been just begging to be cleared out of your cabinets, this is your chance to help feed San Diego's hungry. For more information, visit sandiegofoodbank.org.
Event: San Diego Food Bank - Holiday Food Drive
Charity: San Diego Food Bank - Nov. 1st-Dec. 31st
It may not yet be time for spring cleaning, but autumn is another season to clean out those closets and pantries with the help of the San Diego Food Bank's Holiday Food Drive. If you can't make it out to the Chargers' game this Sunday, a convenient option is to drop off nonperishable items at any San Diego County Vons and Stater Bros. supermarket locations from Nov. 1st - Dec. 31st. The food will be distributed through San Diego Food Bank's 350 partner charities, ranging from soup kitchens and shelters to rehabilitation programs and senor centers. Grab those extra boxes of dry cereal, Mac & Cheese, or personal hygiene items, and keep an eye out for the red donation barrels. Or, for those who want to donate larger amounts, they can be delivered to the San Diego Food Bank warehouse at 9850 Distribution Avenue, San Diego 92121. For instructions on how to start at school food drive or to see a list of all participating locations, please visit sandiegofoodbank.org. For more information, call 866.350.3663.
Events: CCSA Family Christmas, Christmas for the Homeless, and Christmas Meal Basket
Charity: Community Christian Service Agency (CCSA) - December
The Community Christian Service Agency is sponsoring three programs for Christmas that help San Diego's less fortunate families, including low-income seniors and needy children. Sponsors of the CCSA Family Christmas program "adopt" a small or large family to create an individualized festive basket that includes items such as nonperishable food, grocery gift cards, and other gifts. Baskets can be taken to St. Mark's United Methodist Church on Clairemont Drive on Dec. 16th. Contact the Clairemont Service Center at 858.274.2271. For more information, visit ccsasandiego.org.
Projected to help about 200 homeless man and women this year, the Christmas for the Homeless program will be giving gift bags and food packages. Each bag will include Christmas cards and stamped envelopes, globes, a winter cap, Christmas candy, and a hygiene kit. The food package contains cans of fruit, tuna, sausage, packages of crackers, and more. Whether you want to create your own basket, or you want to donate some of the items to be included in the baskets given Christmas through New Year's Day, visit ccsasandiego.org for more information.
From Dec. 14th-Dec. 22nd, food baskets can be delivered to CCSA to help provide a holiday dinner for a family in need through the Christmas Meal Basket program. Please visit ccsasandiego.org for more information and the list of items that should be included in each basket.
Event: Father Joe's Village Toy Drive
Charity: Father Joe's Village- Gifts for children at St. Vincent de Paul Village - Nov. 26th- Jan. 8th.
St. Vincent de Paul Village is known for its compassion, respect, empathy, empowerment, and dignity in helping break the cycle of homelessness and poverty, and it is giving bighearted San Diegan's a chance to act like elves by helping give gifts to local homeless children this holiday season. Father Joe's Village Toy Drive runs from Nov. 26th-Jan. 8th. For a list of $50, $25 or $10 gift ideas for newborns to teenagers, drop-off locations, or more information, visit fatherjoesvillages.org.
Event: Hard Rock Hotel's 4th Annual Jingle Bell Bachelor Bash
Charity: Junior League of San Diego - Dec. 1st
If looking to catch the man of your dreams under the mistletoe, the Hard Rock Hotel is the place to go. Twelve of San Diego's most eligible bachelors will strut their stuff in support of The Junior League of San Diego at this charity event. The JLSD is a not-for-profit organization that helps improve conditions in almost every area of the community from children's health and nutrition to multicultural. VIP hour, where women can get that special one-on-one time with the bachelors, is from 6:30pm-7:30pm, and general admission is at 7:30pm on Thursday, Dec. 1st. VIP tickets are $50 and general admission is $15. And please remember to bring cash, as these bachelors will be auctioned off along with a dinner for six at a local firehouse and other raffle items. For more information about please visit jlsd.org to purchase tickets.
More Charity Events:
Walk to Cure Diabetes: Nov. 12th
Save a Life Community Walk, San Diego 5K: Nov. 13th
The Ultimate Food Fight: Whole Foods Market Chefs Fight to "Stuff This!" In Support of SuperFood Drive: Nov. 7th
Clothing or Shoe Drives
AJ's Kids Crane for Rady Children's Hospital: Starting Nov. 4th
Ocean Gala: Nov. 5th
Bicycle Swap Meet: Nov. 6th
HDSA Celebration of Hope Gala: Nov. 9th
If you are on the fence between renting and buying in San Diego, this article in the Union Tribune might provide some very helpful information. Rent costs are on the rise and housing prices are droping. Click on the link below ...
Take a look at how the La Jolla Real Estate Market is doing so far this year...we are off to a good start!
Jan - Feb 2011
Total Sales for January - 39
Total Sales for February - 45
SFH January Sales - 18
SFH February Sales - 19
Condo January Sales - 20
Condo February Sales - 19
Foreclosures January - 9
Foreclosures February - 3
Total Sales for the year - 84
Total Sales over 1.5 Mil - 11
Total Sales over 2 Mil - 6
Total Sales over 3 Mil - 2
Total Sales over 5 Mil - 0
Experience this spectacular event at the breathtaking La Jolla Cove featuring a remarkable array of over 150 cars and a tribute to the art of restoration. Historic La Jolla has long been the destination for the finer things in life. La Jolla Historical Society will pay tribute to some of the world's finest automobiles on Sunday, April 3, 2011 from 9:00 am to 3:00 PM at the 7th Annual La Jolla Motor Car Classic. Click here for more information. This is a great way to spend the Sunday with the family!
UCSD Medical Center and Scripps Memorial Hospital were ranked among the top hospitals in San Diego and the nation, according to U.S. News & World Report's annual survey out Tuesday....
Ckick here to read more of this La Jolla Light Article
Here are different types of real property ownership in California mainly divided into sole ownership and co-ownership. There are several variations as to how title is held in each type of ownership. Following are the seven most common examples of sole and co-ownerships:
1. Single woman or man who are not legally married.
2. An Unmarried woman or man: A woman or man that have been married and is currently divorced.
3. A married woman or man as her or his sole and separate property: when a married woman or man interested in gaining ownership of a property, in their name alone, they must receive their spouse's consent by Quit Claim Deed or otherwise to transfer, thereby relinquishing all rights, title and interest in the property.
4. Joint Tenancy: Is one owned by two or more persons in equal shares, by a title created by a single will or transfer, when expressly declared in the will or transfer to be a joint tenancy. A chief characteristic of joint tenancy property is the right of survivorship. When a joint tenant passes away, title to the property immediately vests in the survivor or surviving joint tenants. As a consequence, joint tenancy property isn't subject to disposition by will.
5. Tenancy in Common: Under tenancy in common, co-owners own undivided interests. Unlike joint tenancy in this type of co-ownership the interests need not be equal in quantity or duration. There is no right of survivorship; each tenant owns an interest that upon his/her death is vested to the legal heirs or devisees.
6. Community Property: is one acquired by husband and wife or either during marriage. Real property conveyed to a married man or woman is presumed to be community property, unless otherwise stated. Under community property, both spouses have the right by will, to dispose of one half of the community property, but all of it will go to the surviving spouse without a will. If spouse exercises his or her right to dispose of one-half, that half is subject to administration in the estate.
7. Community Property with Right of Survivorship: (Effective July 1st, 2001). Community property acquired by husband and wife, when expressly declared in the transfer document to be "community property with right of survivorship," shall pass to the surviving spouse without having to first pass through the administration of the estate.
Residents can stroll through some of the most exclusive gardens in town when the Historical Society presents its annual fundraiser "The Secret Garden Tour of Old La Jolla" on Saturday, May 14. This is the 13th year for the highly anticipated event. The garden locations remain a secret until the day of the tour, but according to organizers, this year's guests will be able to wander through the extensive gardens of one of the most exclusive estates in La Jolla to study botanical grounds created with extravagant outdoor living and entertaining in mind.
If you go
What: "Secret Garden Tour of Old La Jolla"
When: Rain or shine, 10 a.m. to 4 p.m. Saturday, May 14
Where: Depart from Wisteria Cottage, 780 Prospect
Advance tickets: Platinum tour $140. Self-guided tour $40 members, $50 non-members at lajollahistory.org or (858) 459-5335
For more information on this local event visit www.lajollalight.com
Summer is right around the corner and you know what that means...Padres Season! Padres games are a great way to spend time with family and friends. Click the link below to see the full Padres schedule.
This great event is happening this memorial day from 2-3:15pm at the Mt. Soledad Vetrans Memorial. This is a great way to remember what this 3 day weekend is really about! Click on the link below for more details:
Presented by the Solana Beach Chamber of Commerce, Fiesta del Sol attracts more than 50,000 festival-goers to the seaside city of Solana Beach, California. This year's festival dates are Saturday, June 4 and Sunday, June 5. The 32nd annual event takes place adjacent to Fletcher Cove in Solana Beach. The free two-day fiesta opens each morning at 9am with the arts & crafts fair and closes each evening at 9pm after the conclusion of the last musical performance. Click here for the event website.