Mewborn Team Real Estate Consultants: CoastalLuxurySanDiego.com

June 19th, 2009

That Carlsbad Foreclosure is Doing More Than Just Dropping Your Property Value

Categories: Carlsbad, Communities, Foreclosure Prevention, La Costa, Market Trends, San Elijo

We already know those Carlsbad, San Elijo, and La Costa foreclosures are dragging down our property values. In many La Costa and San Elijo neighborhoods in particular, the foreclosures and short sales alone have caused our property values to decline over 25%. If you, as a La Costa or Carlsbad real estate seller, have to sell your home – you are competing with that La Costa or Carlsbad foreclosure next door, or the next street over.
But did you also know that the foreclosure is actually putting your property in danger? Most foreclosed properties also don’t have insurance. They are also often vacant – leaving them vulnerable to theft, vandalism, and fires. There are some risks to your Carlsbad home in having a vacant home nearby.
One of the things you can do, is partner up with your Carlsbad, La Costa, and San Elijo neighbors to  keep an eye on vacant property.  If you ever see anything suspicious – call the police.  It IS your problem too!

Tags: Carlsbad Foreclosures, Carlsbad homes, Carlsbad real estate, La Costa Foreclosures, San Elijo Foreclosures, San Elijo homes, San Elijo real estate

Posted by Mike and Amy Mewborn//