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How to Sell Your Home for a Higher Value

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So you’ve decided to sell your home. Perhaps you may be relocating for work, moving to a home that’s more appropriate for your needs, or just want to cash in on equity. Whatever’s driving you to sell, it is in your best interest to sell your house for a higher price. So how can you get the most for your home?

What Determines a Home’s Value?

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Before we discuss bringing up a home’s value, let’s discuss what determines a home’s value. At its core, a home’s value is what a ready and able buyer is willing to pay for it, but an appraiser’s professional opinion of value may also play a large role. Lenders require buyers to get an appraisal of the home, so ideally your sale price will be close to or higher than that number. Let’s look a little more closely at what is goes through an appraiser’s mind when they are appraising the home.  

The two main factors that will influence the value of a home are the recent sales of similar ...


Best New Restaurants in San Diego

Nov 8
10:09
AM
Category | General

New Restaurants in San Diego

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San Diego is a hub of many cultures, so naturally we have some of the best cuisine in the country. Foods like California burritos, wood fired pizzas, Julian pies, and fish tacos have all found a home in San Diego. Not only that, but chain restaurants such as Rubio’s, Jack in the Box, Souplantation, Alberto’s, and Pat & Oscars all started off by feeding hungry San Diegans. While it’s easy to get used to the traditional offerings that San Diego has to offer, it’s also important to keep an eye on the horizon for what’s new. So without further ado, here are some of San Diego’s best new restaurants.

Unico Juice Shop

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Opened in early August, the Unico Juice Shop prides itself in a plant-based and healthy menu. The menu is full of cold-pressed juices, smoothies, salads, and various bowls. This one-stop organic shop also offers cleanse packages starting at $67 dollars.


October Snapshot for San Diego

Nov 6
2:12
PM
Category | General

San Diego County: October in Review

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The top San Diego economy news stories, real estate statistics, bond rates, stock indexes, and more for the month of October: 

  • RENTCafe study shows that Baby Boomers are moving into apartments at a higher rate than past generations.
     
  • Office rent prices are rising.
     
  • San Diego placed bid to Amazon to be the home of their new headquarters location.
     
  • High rise on 800 Broadway to be a mixed-use development for affordable housing units and retail space.
     
  • Median Sales Price was $550,000, which is 10% higher than last year.
     
  • There were 2,630 home sales in October, which is 20.62% less than last October.
     
  • The median number of days on the market was 21 days, which is down 16% from last year.
     
  • 25.5% of the homes sold in October were sold for higher than their listing price, a whopping 23.79% difference from last year’s percentage of 1.7%.
     

Halloween at RWM Home Loans

Nov 1
12:35
PM
Category | General

Halloween at RWM Home Loans

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Every day, the RWM Home Loans staff works hard to maintain the high quality service that we are known for, but when the opportunity to have a little fun comes up, we jump on it. This was the case for our Halloween party this year.

After filling up on delicious homemade dishes from our potluck, we had a costume contest where the winners for best and most creative costumes were announced. Since almost everyone dressed up, there was a lot of competition.

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Some people went with a scary approach, like RWM owner Susanne Livingston.

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Some people went with mortgage-related costumes, like Steven Littlefield’s Loan Box, which was one of the prize-winning costumes of the day.

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Success Story: Fifth Time’s the Charm

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*For the purpose of this success story, we will be calling our happy client “Jane”.

Mortgages are provided on the basis of how likely it is for a borrower to successfully pay back the loan, so having a stable income is a crucial step in attaining a mortgage. While this qualification is more or less a no brainer for W-2 employees, it can get a little more difficult for self-employed borrowers. One of our happy clients found out how difficult it can be to receive a home loan when she was denied by four different banks. Luckily, she reached out to us and RWM’s dedicated team went the extra mile to see if anything was being overlooked by the other lenders.

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After owning her own business for 5 years, Jane decided that it was time to go shopping for her first home. She soon found exactly what she was looking for: a beautiful 3 bedroom, 2.5 bath town house in the Rancho Santa Fe community. It was time for her to embark on the loan process.

However, when Jane began shopping lenders, many told her that she wouldn’t qualify for a loan even though she made more ...


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