Randall & Grace Hood

San Diego County VA Loan Limits for 100% Financing Decrease for 2010

2009-12-15T00:57:00Z

For all of you currently approved for a VA loan in San Diego County using 100% financing up to $593,750.00 you must move quickly to take advantage of the higher loan amount. VA loan limits for 2010 in San Diego County will be limited to $437,500.00 on 100% financing. Contact your lender for specifics....(read more)

1488 Sandbar Drive in San Elijo Hills is Sold!

2009-12-04T01:32:00Z

San Elijo Hills, San Marcos - The 2 story at 1488 Sandbar Drive has been sold.

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New Rules for Appraisals

2009-12-01T18:18:00Z

This is a topic on everyone's mind who is involved in a real estate transaction. It effects buyers, sellers, lenders and real estate professionals. Hopefully this article will shed some light on the current trends in real estate appraisal. By Marcie Geffner R eal estate appraisals aren’t new. Indeed, lenders have long required an appraiser’s opinion of a home’s value before they will approve a loan for a buyer to purchase that home. What is new, however, is that the rules that...(read more)

Fed May Stay in Mortgage Securities

2009-11-26T19:49:00Z

This may be some good news for those planning on making a home purchase in the near future. If interest rates stay low and stable it will certainly help both buyers and sellers. November 23, 2009 The Federal Reserve isn’t going to go cold turkey from its program to buy mortgage-backed securities, said James Bullard, president of the St. Louis Fed, on Sunday. The Fed’s purchases of mortgage-backed securities are seen by many as key to keeping rates low and stabilizing the market. The Fed...(read more)

1762 Old Glen St. in San Elijo Hills is Sold!

2009-11-26T19:22:00Z

San Elijo Hills, San Marcos - The 2 story at 1762 Old Glen St. has been sold.

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Low Mortgage Rates Could Be Ending

2009-11-18T21:23:00Z

We have actually been hearing this from our lenders for a few months now. One of the loan officers with a direct lender we use told us 6 months ago that 2010 will see a rise in mortgage interest rates. Please see brief article below. Home loan rates below 5 percent are about to disappear, predicted Denis Salamone, COO of Hudson City Bancorp, the nation’s largest thrift. "I don't think the market will stay this low for many more months," Salamone said Tuesday. Salamone said that...(read more)

Randall Hood Earns Short Sales and Foreclosure Certification

2009-11-12T03:06:00Z

Randall Hood Earns NAR Short Sales and Foreclosure Certification Buyers and Sellers Benefit from REALTOR Expertise in Distressed Sales Carlsbad CA, 11/10/2009 — Randall Hood with Realty Executives, Carlsbad has earned the Short Sales and Foreclosure Resource certification, the only short sales and foreclosure recognized by the National Association Realtors. The National Association of Realtors offers the SFR certification to Realtors who want to help both buyers and sellers navigate these complicated...(read more)

2 Story For Sale in San Elijo Hills

2009-11-11T06:17:00Z

• 3,390 sq. ft., 4 bath, 5 bdrm 2 story - MLS® $625,000

San Elijo Hills, San Marcos - If you are looking for a home with a grand style composed of a spacious floor plan in a gated neighborhood of an award winning master planned community, look no further! This Spanish Colonial inspired home located in the sought after neighborhood of Saverne in San Elijo Hills has distinctive exterior appointments and interior designer touches and upgrades to satisfy anyone’s wish list. Situated on a cul-de-sac street, this elegant two-story home boasts 5 bedrooms, 4 ½ bathrooms (one bedroom & bathroom en suite is located downstairs next to the powder room), approximately 3,344 square feet and a 3 car tandem garage. A graceful turret entry greets you as you enter the home and invites you to the separate formal living room with Palladian window and high ceilings and the separate formal dining room. You’ll love the openness of the gourmet kitchen with granite slab kitchen countertops, rich cabinetry, 36” gas cook top with 5 sealed burners, 42” imperial cook top hood vent with cabinetry surround, 30” self cleaning dual ovens, breakfast nook area and adjacent family room with fireplace and 5 speaker surround sound. Enjoy the views of the beautifully landscaped backyard with the soothing sound of the fountain as the focal point. A dramatic staircase with maple handrail takes you to the second story of the home. The master bedroom suite features a retreat so you can have your own quiet sanctuary after a day’s busy schedule. A luxurious master bath highlights an oversized tub overlooking a stunning leaded glass window, separate oversized shower with deluxe shower controls and glass enclosure, dual sink vanities and his & hers closets. All secondary bedrooms have ceiling mounted light fixtures and generous square footage as well. Two bedrooms upstairs share a jack & jill bathroom.

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Obama Signs Extended Tax Credit into Law

2009-11-11T05:44:00Z

November 6, 2009

Expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010.

The legislation, which is part of a larger bill that also extends unemployment benefits, was signed into law by President Obama today.

More people are now eligible to take advantage of the law, which includes a $6,500 tax credit for buyers who are current home owners and have lived in their home for five of the past eight years.

Income limits for eligible home buyers were also expanded to $125,000 for single buyers and $225,000 for couples, up from $75,000 for individuals and $150,000 for couples. Qualifying home prices are capped at $800,000.

NAR's Government Affairs Division has compiled facts on the changes made to the current tax credit. NAR members sent more than 500,000 letters to leaders in Congress and made nearly 13,000 telephone calls to Senate offices last weekend to encourage support. So far this year, REALTORS® have spent nearly $14 million lobbying Congress, according to federal campaign finance records compiled by the Center for Responsive Politics.

Sen. Johnny Isakson, a Georgia Republican and a former member of NAR, was key in extending the credit, as well as pushing it through initially. Other prominent boosters include the National Association of Homebuilders and the Mortgage Bankers Association.

NAR economists estimate that approximately 2 million people will take advantage of the tax credit this year.

Sources: NAR and The Associated Press, Julie Hirschfeld Davis (11/06/2009)

Price Reduced on 1489 Glencrest Drive in San Elijo Hills

2009-10-06T19:19:00Z

San Elijo Hills, San Marcos - Announcing a price reduction on 1489 Glencrest Drive, a 3,535 sq. ft., 4 bath, 5 bdrm 2 story "Bed and bath downstairs". Now MLS® $615,000 - Bank ready for offers.

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2 Story For Rent/Lease in San Elijo Hills

2009-10-02T00:21:00Z

Turn-Key with "green" energy system.

• 2,226 sq. ft., 2 bath 2 story - $2,700 USD Monthly

San Elijo Hills, San Marcos - Move-In Ready and Well Maintained. One of the few Green Homes located in the award winning master planned community of San Elijo Hills, take advantage of low electric bills with this home’s 3.2 kilowatt 16 panel solar system. This beautiful home with French Country inspired architecture features the biggest floor plan in the neighborhood of Cambria. You will appreciate a functional layout starting with a separate formal living and formal dining area to the gourmet kitchen with “Kalahari” Silestone counter tops and backsplash, a chef’s island and rich cabinetry located adjacent to the family room with a traditional wood burning fireplace with pre-cast surround and hearth. This well cared for home has custom paint throughout and upgraded flooring to include Armstrong wood laminate on the 1st level. Situated in an area where there are no neighbors behind so you can enjoy a private backyard. The professionally landscaped backyard was designed to take advantage of the space while keeping it low maintenance. Highlights include a fire pit, gas stub for barbecue and hot tub/spa ready. Relax under the pergola with grape vines and enjoy the fruit trees. The master suite boasts a luxurious master bath complete with an elegant oval tub, a separate shower, dual sinks, a spacious walk-in closet and mirrored wardrobe doors. All secondary bedrooms have ceiling light fixtures and raised paneled closet doors. Other upgrades of this turn-key home include central air conditioning, a ceiling fan in the loft, interior laundry room conveniently located on the 2nd level, state-of-the-art “Future Smart” structured wiring system, CAT -5 ready, security system, flat screen TV wiring ready above the family room fireplace, overhead storage system in the garage, rain gutters and so much more. In addition, all appliances convey including the refrigerator and washer and dryer.

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Rent/Lease Reduced on 1762 Old Glen in San Elijo Hills

2009-10-02T00:21:00Z

San Elijo Hills, San Marcos - Announcing a rent/lease reduction on 1762 Old Glen, a 2,226 sq. ft., 2 bath 2 story. Now $2,700 USD Monthly - .

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Price Reduced on 1762 Old Glen St. in San Elijo Hills

2009-09-10T18:06:00Z

San Elijo Hills, San Marcos - Announcing a price reduction on 1762 Old Glen St., a 2,226 sq. ft., 2 bath, 4 bdrm 2 story "French Country inspired". Now MLS® $534,900 - Not a short sale/REO.

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Price Reduced on 1489 Glencrest Drive in San Elijo Hills

2009-09-10T18:04:00Z

San Elijo Hills, San Marcos - Announcing a price reduction on 1489 Glencrest Drive, a 3,535 sq. ft., 4 bath, 5 bdrm 2 story "Bed and bath downstairs". Now MLS® $625,000 - Bank ready for offers.

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2 Story For Sale in San Elijo Hills

2009-07-19T16:50:00Z

Cape Cod Style Home with Pool & Spa

• 3,276 sq. ft., 5 bath, 5 bdrm 2 story "Cape Cod" - MLS® $599,000 - Gated in San Elijo Hills

San Elijo Hills, San Marcos - Situated in the desirable gated community of Promontory Ridge built by Pulte Homes in the award winning master planned community of San Elijo Hills. This Cape Cod style home is located on a street with no through traffic and boasts approx. 3,276 sqft, 5 bedrooms, 4.5 baths, with one full bedroom & bathroom downstairs, fireplace in the family room, 3 car garage, and in-ground, solar heated, saltwater system pool and spa. As you enter the front door you will immediately be greeted by the dramatic turret entry and soaring ceilings of the living room. The formal dining room includes a butlers pantry leading to the gourmet kitchen. The large kitchen features GE double ovens, a 5-burner gas stove, built-in microwave, wood cabinetry, generous granite tiled counter space to include a center island, and a breakfast nook looking out to the pool and spa. Adjacent is the family room with a fireplace, a built-in media niche with access to the professionally landscaped poolside oasis. As you ascend the staircase to the second level of the house double doors await your entry to the large master suite which overlooks the backyard and pool. The luxurious master bath has a Roman style oval soaking tub, his and hers vanity, a separate shower and a walk-in closet. One upstairs bedroom has a balcony overlooking the front yard one is a suite. There is a built in area suited for a study/computer niche. The 5th bedroom is located downstairs with its own bathroom; use it as a guest room office or crafts/hobby room. San Elijo Hills is located behind the La Costa Resort and Spa and it s just minutes to the beach. Enjoy an active lifestyle of friendly neighborhoods, small town community feel and the beautiful sunshine!

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