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January 14th, 2012
Can I back out of my purchase contract?
Carlsbad, CA – We often hear this question from a client. As La Costa homes are coming on the market daily, clients start down the road to a purchase, only to find another home they like better, or that they are concerned about the payment – or any other reason.
The simple answer is probably – as long as you aren’t too far into the purchase transaction. If your Carlsbad real estate agent is savvy, they have normally written a number of contingencies into your purchase contract – allowing you to get the home appraised, get loan approval, get an inspection, etc. The period of time for you to get all these answers, and “remove your contingencies” is typically 14 to 17 days.
At the end of that time period, you either have to sign off on the contingency removal, or get the seller to agree to an extension of a contingency.
HOWEVER – Buyer BEWARE!!! If you are purchasing a San Diego foreclosure or San Diego REO property, then you have likely signed a very “non-standard” California purchase agreement. Most REO homes have very specific terms that will often leave you without your earnest deposit if you pull out of the purchase.
This is one of the largest reasons most buyers should have a buyer’s agent working on their behalf! You want a representative that has a fiduciary responsibility to look out for YOUR best interest – even if it costs the agent a sale! If you are working with the agent that is representing the bank, they have been hired specifically by the bank to get this home sold – and unfortunately, it is YOUR interests that suffer!
As always, if you are in a current situation, and need legal advice, we strongly encourage you to contact a real estate attorney. If you have general questions, or are looking for a La Costa or Carlsbad home for sale and would like someone to ensure that YOUR best interest is protected, contact The Mewborn Team. We promise to always deal with our clients with fairness, honesty, and integrity, giving you as much information as possible to make your best decisions!
January 4th, 2010
Ready… Set… Run
Carlsbad, CA - 
As we enter January, and our Carlsbad neighbors are setting their New Year’s Resolutions – you may hear a few of your friends say, “I think I’m going to run a marathon (or half marathon).”
One of the first local events each year happens to be the Carlsbad Marathon – typically the last weekend of January. The 2010 Carlsbad Marathon has been sponsored by Tri-City Medical Center and has been officially named the Tri-City Medical Center Carlsbad Marathon and Half Marathon. Read the rest of this entry »
September 9th, 2009
Three Important Tips For Buying Carlsbad Real Estate In Today’s Market
1. Clean Up Your Credit Before You Start Looking
Carlsbad home loans and interest rates are all dependent on your credit score. The higher your score, the more programs that are available to you. In today’s market, a score of over 700 is advisable for the best home loans
2. Don’t buy Carlsbad real estate unless you can afford to stay put.
Although property values have been on the upswing in La Costa and Carlsbad, there are still concerns about a coming wave of foreclosures. We may have seen Carlsbad property values at their bottom, but that is still unknown. Don’t buy Carlsbad real estate hoping to flip it quickly at a profit. Now isn’t the time to take that kind of risk! Read the rest of this entry »
August 31st, 2009
Have You Reduced Your Carlsbad Property Taxes?
Your Carlsbad property values have probably fallen over 20% in the past two years. You know it. We know it. The San Diego County Assessor knows it. But they don’t reduce your Carlsbad property tax bill without you contacting them to reduce it! Even though you may have missed the May 2009 deadline for property tax reduction, the San Diego County Assessor is giving you another opportunity to reduce your property taxes – through a property tax appeal.
What To Do Next:
1. Fill out the San Diego County Assessor’s form.
2. Provide all the necessary documentation – current Carlsbad property tax bill, opinion of new value, and your Carlsbad neighborhood comparables (back up of opinion of value). Please contact us at (858) 205-2000 for your comparable values. Please be prepared to provide your name, address, email address, home square footage, and number of bedrooms and baths.
3. Mail to the San Diego County Assessor.
Upon completion, mail your forms to:
Clerk of the Board of Supervisors
Assessment Appeals Services
1600 Pacific Coast Highway Room 402
San Diego, CA 92101
Please contact The Mewborn Team for more information.
August 25th, 2009
Time Running Out For First Time Buyer Credit!!!!
Carlsbad, CA – If you are a Carlsbad, La Costa, Oceanside, or San Marcos buyer who was hoping to take advantage of the first time home buyer’s tax credit – YOU BETTER HURRY! We are finding a number of things in the current market place:
1. The tax credit expires on December 1st, 2009. That means all real estate purchases have to be CLOSED before then. You can not still be in escrow. Read the rest of this entry »
August 5th, 2009
La Costa Real Estate News – La Costa Town Square Update
La Costa, Carlsbad, CA – On July 15th, the Carlsbad City Planning Commission voted unanimously to approve the development of La Costa Town Square.
Aspen Properties will be meeting with the Carlsbad City Council on Tuesday, August 11th at 6 pm in the City Council offices at 1200 Carlsbad Village Drive – one block east of Pio Pico Park. This will be one of their final hurdles in the actual approval of the process. All residents are encouraged to attend the meeting and voice your opinions. For anyone who can not attend, we will be notifying everyone of the outcome on this blog on either the 12th or 13th. If you have any questions prior to that time, please contact us. Read the rest of this entry »
August 3rd, 2009
Carlsbad Real Estate News – The Counter Coming To The Forum
There is FINALLY a tenant scheduled to take the place of Sushi on the Rock in the Carlsbad Forum. After Sushi on the Rock closed unexpectedly over a year ago, the Carlsbad Forum location had remained vacant. Just in the past month, we Carlsbad residents have had the opening of the much anticipated Casa De Bandini, the gourmet sandwich company Whichwich, and now are going to get The Counter Burgers.
A gourmet burger restaurant that offers beef, chicken, turkey, and vegetarian burgers, The Counter is expected to open in Carlsbad around November 2009. Soon, you will be able to go to the Carlsbad Forum for – Mexican, Italian, Soup, Salad, and Sandwiches, Coffee, AND burgers!
Mike & Amy Mewborn Real Estate Specialists
Mike: 858.205.2000
Amy:760.213.6653
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