Looking for a great condo development in the heart of San Diego’s Gaslamp district? Park Terrace condos is in the heart of the downtown area of San Diego. It’s a brand new development that is right next to the ballpark in San Diego. There are 2 towers in the complex, 1 that is 7 stories and the 2nd is 14 stories. The complex features security access for both buildings, great underground parking, community room with TV, Pool Table and Outside Patio area with BBQ’s. 

Park Terrace sits around the corner from everything in the downtown area. It;s close to popular bars, restaurants and many shops. Petco Park is the home of the San Diego Padres and makes it a great place to be for exciting times during baseball season.

If you are thinking of buying a condo in the downtown area of San Diego then Park Terrace is a development that you need to look at. Please call us today if you would like additional information on all of the current units available for sale.

Carlos Aguilar     800-332-1687

Team Aguilar specializes in selling condos in the downtown area of San Diego. We have sold condos in the Ballpark, Marina, Little Italy, Gaslamp and Cortez Hill districts of downtown San Diego. Please call us for any additional information. We can set up a customized real estate search for any of the downtown areas and target specific projects, buildings, districts, type, size or anything else you may be looking for.

Bienes Raices en San diego

Let’s walk away from the real estate market for a few moments and talk about Wall Street. What was the big news today on Wall Street? Wall Street experienced huge gains today in the markets. The Federal Reserve announced that they would provide $200 billion in Treasury securities for 28 days in return for mortgage back securities. What does this mean?

Mortgage Backed securities have not been very desirable with all of the uncertainty in the mortgage market. This will help increase the demand for mortgage backed securities and supply liquidity to help revive a market that appears to be really locked up by the fear of where mortgage back securities may be heading.

By no means does this mean we are coming out of the current housing crises but it could be considered a small step in the right direction. It’s very important to restore confidence to mortgage back securities and make investors feel comfortable investing in them again.

This will be a short term fix and be in effect for 28 days. We will see how things go and over time the real estate market will come back and be stronger then ever but it will also take time to get past this current run of loans that are experiencing default rates higher then investors hoped for.

An increase in Foreclosure activity in any market also results in increased activity for Real Estate Auction companies.  Let me clarify a key point that seems to be causing some confusion.  When I refer to “Real Estate Auction” I am not talking about the Trustee Sale that occurs when a lender takes title to property because the property was lost to foreclosure.  The Trustee Sale is a totally different type of auction and one that i will write a different article on at future date.

What I am referring to is the Auctions that we now see being advertised heavily on television and newspapers.  These auctions are offering single family homes and condos at what appears to be substantial price reductions. 

These auctions are as a result of the current property being a bank owned listing that has been on the market longer then expected and the bank needs to sell it ASAP. The interesting thing is that these properties have already been available to the public for sale and as a result of them not selling they give the auction company the right to sell them and it creates a big frenzy and many people feel like they are really getting a great deal and sometimes they are but many times the property ends up selling above what it was being previously listed for.

Auctions are not a bad way of buying real estate foreclosures but you will find that you don’t find the true investors buying a large % pf their portfolio at the auctions. You will have a much better chance of getting a good deal on real estate buy doing your own homework and looking to purchase foreclosures prior to them going to auction. Contact me for additional information about buying bank owned real estate in San Diego County.

Please feel free to read our article recently written about different ways to purchase foreclosures. You should also call a local real estate expert in your area that can help you find the foreclosure you arelooking for. We have all the San Diego Foreclosure Information you need if you are looking in the San Diego area.

San Diego Real Estate Update

What is the real estate market like in San Diego compared to the rest of the country? If you want to sell your home this may not be the best time to do so, but if you are looking to purchase a home in San Diego there couldn’t be a better time to take advantage of a market that has been a roaring beast over the last 10 years.

San Diego is experiencing a slow down just like the rest of the country is experiencing but it still remains a much stronger real estate market compared to others. When you compare the other real estate markets to San Diego you will find that San Diego remains much stronger compared to others because employment remains strong in the county. When I look at San Diego I think of these different things that are a big part of the economy.

1. The Military – You can’t think about San Diego and not think about the military, the Navy, Marines both have a very large presence in San Diego County at several different bases.

2. Tourism – San Diego is a huge tourist attraction for people seeking some beach and sunshine!

3. College School System – We have San Diego State, UCSD, USD, Cal State San Marcos among others where thousands of kids escape to San Diego to get away from their parents which brings thousands and thousands of kids to San Diego economy.

4. Bio-tech / Pharmaceutical Business – Many people don’t realize how much research and development is done in San Diego.

These are just some of the different industry’s that bring a tremendous amount of revenue to San Diego’s economy. The reason I bring this up is to show you that San Diego has different industry’s that continue to keep the economy strong. If you really want to own a home in San Diego then take advantage of this market and purchase something. I don’t expect to see home values stay flat for much longer then the remainder of 2008 and many markets in San Diego are still appreciating and slowing going up in value.

You may also want to consider purchasing a foreclosure and we can help you with that. We work with many different banks and have many different foreclosures for sale in San Diego. Please visit our foreclosures for sale section to view the entire inventory of foreclosures for sale in San Diego County.

Carlos Aguilar is a licensed realtor in San Diego. He has been licensed since 1972 and is an expert in Residential real estate in San Diego county. In addition to residential real estate, he is an expert in Commercial Lending for income property.

 The Realtors Association of Northwestern Wisconsin has joined some other associations in forbidding its members to use terms related to “MLS”. Paying members can’t use terms like “MLS”, “Search the MLS” etc. in domains names, or on their web sites.

Read the whole article here: NAR Wisdom

I have assembled a list of questions that I receive from my clients prior to me helping them with a real estate short sale or help them avoid foreclosure. I hope this helps you understand what I am here for and how I can help you avoid foreclosure. I specialize in real estate short sales. Please contact me with any additional questions.

Answers to common Real Estate Foreclosure Questions

Q. Why should I trust you to help me?

A. I know at a time like this it is hard to trust anyone other than your family. I will earn your trust by doing things to help you. If you will give me the chance, I believe that actions speak louder than words.

Q. I tried to sell my home and I owe more than they are selling for?

A. I know the market is tough for sellers today but there are so many options for you to consider.

Q. I can’t even sell my home for what its worth, how would I ever pay you?

A. Well in most cases if you would consider a Real Estate Short Sale I would be paid by the bank or mortgage company. Remember the last resort would be to just let it go. I also might be able to recommend you to someone in my professional team to further advise you.

Q. If I sold my home where would I get the cash to satisfy all parties?

A. Good question, Most of the time you will be far better off owing a small deficiency rather than the whole amount. At this point am I safe to say you don’t have any money at this point to apply to any deficiency? The banks do not want to foreclose however they will do what they have to too get their money back.

Q. Why should I sell my home just so you can make a commission?

A. The answer is simple, I don’t want to just sell your home to make a commission, I have a better reason and that is I make a living by selling homes and helping people buy them. But a long time ago I realized that I made a lot more money and friends by doing the right thing for each and every client. You see I have helped several people in your situation avoid foreclosure and not always did we sell their home.

Q. What kind of guarantee can you give me that you will be able to sell my home and get me out of
this situation?

A. I could or would never give anyone a guarantee, but what I will do is assure you that I will do every
thing possible to help you find the best alternatives to your situation. I will also work directly with the
banks and others to get them off your back. I have a high success rate in dealing with the banks as well
as get you top dollar for your home.

Q. If I sell the home how will be able to move?

A. If you are referring to money, remember to save the payments you would have paid to the banks while we are in the selling process. That should more than cover moving costs as well as other related costs of moving.

Q. Aren’t you just like everyone else, you just want to stick your hand in my pocket?

A. NO. I actually want to offer my assistance in any way I can. The first thing I want to tell you is
something you may not know. Do you know all the ways you can stop a foreclosure? I do and I want to
share them with you.

Q. I have called the bank and they won’t help me?

A. All they want is paid and paid on time. I have a way with the banks that will help you in the long run. I also have an entire list of Government and non-profit agencies that might be of assistance. I have seen some cases where they will help with some of the past due payments so you don’t lose your home.

Depending on what your real estate needs are, you can view our Real Estate Short page here @ this link Real Estate Short Sale For information on San Diego CA Real Estate contact Carlos for San Diego Real Estate.

Carlos Aguilar
Team Aguilar
San Diego Foreclosure Information

Real Estate Short Sales

We specialize in real estate short sales in San Diego County but also have experienced real estate agents throughout the country that we can refer to you.

Right now we are experiencing market conditions that are making Real Estate Short Sales very popular. Over the last few years you would never hear or talk about a short sale because your home had gone up in value and you would not be faced with a loss due to having to sell your home.

Now that the real estate market has slowed, and homes are not going up in value like they once did, you are hearing people talk about real estate short sales.

In case you didn’t know; what is a Real Estate Short Sale? To keep it simple, a Short Sale is when you sell your home for less than what you owe your mortgage company.

When does a short sale make sense? If you need to sell your home because you can’t make the mortgage payment or you need to move because of uncontrollable circumstances, then you should consider a short sale. Banks are very reluctant to do a Short Sale and do not make this an easy process. If you want to do a short sale, you have to get approval from the bank. It is not something they will allow everyone to do. The process you went through to get approved for your home mortgage, you will need to go through a similar process but this time showing the bank that you have no way of continuing to make your mortgage payment.

Depending on your situation, it may or may not make sense to do a short sale. We can help you understand and determine what all of your options are if you give us a call.

We want to see you make the right decision and we will help you do what makes the most sense for you, not for us. The most frustrating thing that we deal with in this market is the vultures that seem to surface every time someone has a difficult time with their mortgage payment. We want to warn you of these Real Estate Scams, Short Sale Scams and people offering to help you get rid of you home, or offer to have you sign the home over to them in exchange for money. Don’t do it, don’t sign anything. I can’t tell you how many horrible situations we see people get into because someone was looking to take advantage of an unfortunate situation.

After reading this you will ask yourself why we do this, I am sure they want to make money as well.

Yes, we make money but we make a reasonable real estate commission just like any other agent that would help you sell your home. We don’t have you sign your home over and then flip it, or rent it out to someone else and collect rent payments while it goes into foreclosure over the next few months. We have experience that goes far beyond your typical real estate agent. Our President, Carlos Aguilar has years of experience helping people with short sales. He has worked on the other side working in the loss mitigation and REO departments for several large institutions and knows exactly what needs to be done to complete a real estate short sale.

If you are experiencing difficulty making your mortgage payment, please call and speak with us about the possibility of a real estate short sale.

We have been working with banks for years and have helped hundreds of people complete a short sale from start to finish.

Carlos Aguilar
Team Aguilar
Real Estate Short Sale options in San Diego.

When you are facing a difficult situation and feel that you may not be able to keep making your mortgage payments you need to act quickly because you may have some options. Many people do not fully understand the foreclosure process and do not realize that banks do not want to be in the business of owning real estate. They are more likely to work with you and try to work something out instead of taking your home.

If you want some advice or assistance selling your home or understanding what your options may be, please call us. Here at Team Aguilar we have helped thousands of clients work through a difficult situation.

Some of your options to consider are

- Selling You Home
- Negotiating a Forbearance
- Doing a Short Sale
- Refinance Your Home

Some real estate scams you need to be careful of, don’t sign anything and don’t allow anyone to tell you that they will help you out and take away your problems. The reality is that many people take advantage of people in a tough situation.

Make sure you call or email Team Aguilar if you have any questions.

We will be happy to provide you sound advice and discuss what you options are.

Thank you,

Carlos Aguilar
President
Team Aguilar
Helping people avoid foreclosure by providing them a real estate short sale to sell their home.

The San Diego real estate market is holding steady compared too many other markets in the United States. In recent weeks the condo market in San Diego has slowed down to a much slower pace then the year before. When you compare total sales for single family and condos in San Diego County you will see a decrease in units that have sold. In August of 2006, there were 2,571 units sold compared to 2,182 in August of 2007.

The market in San Diego has remained fairly steady and has not experienced the same declines as the rest of the United States. Many people feel that the market will continue to decline and in San Diego it is not going to happen like it is in other areas. You have to take the approach and if you feel that you can afford to purchase a home this may be your best opportunity to do so. The market will never experience the type of loss that many people would like to see, San Diego has too many factors that continue to keep the economy much stronger then the rest of the country.

If you really want to purchase real estate and take advantage of a great opportunity then do it, now is the time. The best thing you also have going for you is that mortgage rates are still at historic low levels and any other drop in real estate values may be offset by mortgage rates being higher at the time of purchase.

Take advantage of the market, there are some great deals right now!

As all of you have heard the real estate markets are struggling in many areas of San Diego. This is due primarily to the other hot topic in the news: Sub-Prime Lending. Unfortunately many homeowners in the last few years have fallen victim to the frenzy in the lending market that encouraged homeowners to buy or refi using a loan that starts with a low rate and then, at the end of its initial two year period, begins adjusting. During the first five years of this frenzy rates were low and it didn’t matter when the loan reached that first adjustment. Today we are in a different Interest Rate market and many borrowers are finding that first adjustment is causing their payments to be out of their reach. This in turn is the reason why we are hearing so much about Foreclosures. It is unfortunate for many that are losing their homes, however the reality is that this also creates opportunity for many investors.

As many of you know I have spent years managing and disposing of foreclosed properties for banks and lenders. The number of available foreclosed homes is growing and the prices are dropping. During the last 7 years, many of you would call me and ask about buying a foreclosure and I would tell you that it was very rare to find a foreclosure in this market because there were so many buyers for every home that came on the market. This has changed and we now have growing lists of condos and single family homes.

Remember, as with any investment, the time to buy is when the market is Down and Sell when the market is up. You may remember the early 90’s when we saw a record decline in real estate prices in San Diego. Many of you also took advantage of that market and purchased property that we sold 5 years later at double and even triple what you paid for. While no one can predict the future, we can make decisions based on what we have seen in previous markets. We are heading into another similar market as the 90’s and if you have an interest in investing in this market this is the time to do it!

Real Estate California