Saturday, January 13, 2018



302 N. Cleveland St
Oceanside, CA.
David Albert - Broker/Owner
BRE# 00712580

"Serving Oceanside Communities Since 1979"

Pros and Cons of Buying a

House in Foreclosure

When a homeowner can’t make mortgage-loan payments and the lender repossesses the property, the home becomes foreclosed and is typically available for sale soon after.
Many benefits can come with buying a foreclosed property, but if you’re not knowledgeable about the process, there are pitfalls you need to consider. Before you purchase a foreclosed home, review the pros and cons to avoid ugly surprises.

Before you buy a foreclosed property, consider hiring a real-estate agent. Having someone who’s looking out for your best interests might save you a big headache.
Don’t confuse a foreclosed home with a real estate owned (REO) property. An REO describes a class of property that a lender — typically a bank, government agency or government loan insurer — owns after an unsuccessful sale at a foreclosure auction.

First steps

• Determine what foreclosure properties are available in the areas you want to live in by reviewing listings in your local newspaper or on bank websites, accessing public records, or conducting an online search.
• Check out the properties you’re considering in person so you can see their condition and neighborhood.
• Verify that the house is still in foreclosure. Contact the trustee who filed the paperwork to initiate the foreclosure or a local foreclosure specialist for this information.
• Order a title search to see if there are any liens on the property. If there are, it could raise the price.

The Pros 

Aspects of buying a bank-owned property are similar to buying from a homeowner, but there are opportunities to negotiate a better deal on a foreclosed property than you might otherwise get. Pros of buying a foreclosed home include:

• You can use traditional financing like VA and FHA loans.
• A home in the pre-foreclosure stage could lead to a short sale.
• If you have the required funds available to pay the outstanding balance on a foreclosed property’s mortgage to the lender, you’ll likely reduce competition.
• The bank will be motivated to sell the property, which means you might be able to negotiate price, down payment, closing costs and escrow length.
• The home’s title will be clear, so you won’t be taking on any liens, mortgages or back-tax responsibility from the previous owner.
• If repairs are necessary, the owner might take care of them.

The Cons 

Although buying a foreclosed home might seem like a great deal, it can have drawbacks. Cons of buying a foreclosed home include:

• The occupant might still be in the house and will need to move out. He might be upset about losing the property and damage it.
• If you purchase a house at a foreclosure auction, you buy it as is.
• When a foreclosed property is auctioned off, you have to pay for it in full when you buy it.
If you decide to purchase a foreclosed home, it might end up costing you more in repairs than you planned on, which could be a bad financial move. You might get a foreclosed home at a great price, however, and speed your path to home-ownership.

If you’re considering buying a foreclosed home, enlist the help of a qualified real-estate agent at PIERVIEW PROPERTIES Real Estate. That way, you can get their expert insights and opinion on whether you’re getting a good buy.

302 N. Cleveland St.
Oceanside, CA.
Serving Oceanside Communities Since 1979


9 Reasons To Visit A Home At Night Before Buying

Everyone knows someone who knows someone who moved into what seemed like a perfectly great house on a perfectly nice street only to have a complete nightmare unfold. But the truth is that your neighbor doesn't have to be practicing Santeria on the front lawn for you to hate where you live. So many things can turn what seems like your dream home into a disaster. You may not be able to avoid every one of them, but doing your due diligence can help.

Visit the homes you are considering at night. You may get a completely different perspective on the neighborhood once the streetlights go out - one that could change how you feel about living there. Need some concrete reasons to visit at night? How about:

1. To find out if your neighbors are weird
If you toured the house during a weekday or even on a weekend, you may not have gotten a true feel for who your neighbors could be. Come at night, and you might see the guy next door walking his pet iguana in the nude (the guy, not the iguana), or see the shady couple from around the corner make their nightly pilgrimage to the elementary school to ride the swings in a very curiously happy state.

2. To figure out if it's not active enough
Do you even have neighbors? You may not be too sure if they never emerge from their house. If you're looking for a social experience in your new neighborhood and the one your potential new house is in looks like a ghost town after 5, this might give you second thoughts.
3. To see if it's too active
There can be too much of a good thing. If you swing by and see that everyone is out mixing, it may make you look further into how often this occurs. Does living there mean you'll never have time to play a board game with the family or sit and watch your reality shows, or even prepare your own dinner or take a bath? That could be a deal breaker.
4. To gauge the noise level
Noise ordinances aren't something home-buyers want to have to familiarize themselves with, but, for some, that's the reality of life in a loud neighborhood. You may not know that the dog across the street barks for 20 minutes every time the sun goes down - and then every time someone has the nerve to walk by the house - or that several teenagers on the street have formed a garage band and their practice schedule is not compatible with your children's sleeping schedules until you're spent some time there at night.
5. To figure out the commute
Drive from work to your potential new house and make sure the commute is doable. Even if it's around the same distance to work as your current home, traffic patterns could make the drive unbearable.
6. To make sure there are enough kids
Envisioning a neighborhood where the kids all play together on the street and ride their bikes and families are out walking with their dogs and strollers (just not every minute of every day!)? Spend some time in the neighborhood before and after dinner. If you don't see much activity in the time before the sun goes down, there may not be much to see at all.
7. To make sure the mixed-use neighborhood isn't a little too mixed
The idea of being within walking distance to shops, cafes, and restaurants sounds great to many people. But have you thought about how the noise and traffic that's created in areas like this might affect your peace of mind at night?
8. To ensure it's safe
A neighborhood can look fine during the day and transform to something a little iffy when the lights go out. Make sure you check out the park down the street to make sure it isn't a drug hang and that area businesses don't attract a questionable crowd in the evenings.
9. Because there could be a serial killer living next door
Are you going to find out in one night of sitting outside in your car or strolling down the street? No, but you may observe some odd behavior that gives you pause. Maybe it's just a gut feeling you get spending time in the neighborhood at night. If you're trying to decide between a few homes, this may provide the tipping point you need to make the right choice.

302 N. Cleveland St.
Oceanside, CA. 92054


Make sure you have The Best Agent when Selling Your Home-www.TanYourHideInOceanside.com
Choosing a Real Estate Agent could mean financial disaster if you choose the wrong one. The goal in selling your home is - “Make Money” - Not lose it.
But how do you know if you’ve picked the right agent? With thousands of real estate brokerage firms in the U.S. you will have many agents and websites to choose from.
Check out these recommendations for vetting potential real estate agents, and you’ll find the selling process far smoother.

After All This IS a Job Interview: Signing up with a real estate agent is actually hiring an individual to perform a service, so treat it like any job interview – where you are the employer. David Albert Broker-Owner of PIERVIEW PROPERTIES Real Estate always says - Ask questions, interview more than one candidate and make a final decision when you are comfortable with the individual, after you have done your Homework!
As many as 2 out of 3 buyers and sellers select the first agent they meet, which can easily end in disaster if rushed.
Most of the time the seller wants to get started as soon as possible, and may make rash decisions, that may turn out to be a poor decision. Keep in mind that this individual will be working with you for anywhere from a month to much longer.
Communication is Key: The real estate agent needs to understand your needs as a client, which is a very important part of selling your home, or possibly finding you a new one.
Does the agent listen? Does the agent follow up with your questions, requests and needs? What is your initial gut feeling?
Ask Around Town: You, the seller should also check for references. Ask the agents you are interviewing for the information of previous clients, and take the time to call around to other professionals in the local market to get a feel for their reputation.
The ability of an agent working with others in the business is essential to the success of the selling your home. If your agent is not friendly with other area agents, others may not want to deal with him/her and show your home to prospective buyers.
How will the Agent Market Your Home: In your initial meeting with a potential agent, you should expect him/her to show you everything the agent will do in the selling of your home. Always ask for a step by step marketing plan; not just "Will Do Our best".
Have the agent show you how he/she marketed other properties in your IMMEDIATE AREA!
Most of the marketing will take place online, but there are other ways as in direct mail, flyers and magazines. Social media is another way of marketing your home.
Listing Price-Very Important: This is by far very crucial in the entire process. If you list to high you will lose potential buyers. To low and you may end up actually losing money. Don’t let dollar signs cloud your judgment. Look carefully at Closed Sales in "Your Area", within the past 4-6 months.
Some, not all, agents will list your home higher just to get the listing. This is where you must do your homework. Ask the agent what was the list to sell percentage on his/her last three to five homes.
You will also want to know what percentage your agent is giving the other side. If the percentage is low - this could deter some agents not showing your home. Hiring an agent who agrees to the lowest commission rate isn’t necessarily a smart way to go either. 

Trust Your Gut Feeling: Keep in mind that when you list your home, your real estate agent will be privy to your personal and financial information. Make sure that you feel good about the agent and that he/she has Your best interests in mind.

License Verify - B.R.E. in California <click  - ALWAYS go online - Or call the Real Estate Board in your local area, and make sure the agent is currently licensed prior to signing any documents. With most real estate boards, you can check and see if he/she has had any issues. You can also call the agents Broker regarding the agent.
As this will more than likely be the largest investment of your life....DO YOUR HOMEWORK!

302 N. Cleveland St.
Oceanside, CA. 92054

10 Reasons Why FSBOs

"for-sale-by-owners" Fail  

Homeowners trying to sell their homes on their own - FSBOs - are driven by several reasons. Although most of them want to save money on real estate commissions, a few others take the FSBO route because they feel they don’t need a professional to sell their home. After all - it can't be that difficult -Right?
Data from a National Association of Realtors survey shows that less than 10 percent of FSBOs actually sell. There are a lot of reasons why FSBO's fail and do not sell. Some of the top are:

1. Many people to negotiate with
Those deciding to take the FSBO route are not aware of how just how many people they will have to work and negotiate with, as in:
  • The buyer, seeking the best possible deal.
  • The buyer’s agent, who represents the buyer’s best interest.
  • Home inspection companies, working for the buyer, which are likely to find some problem or the other with the house.
  • Your bank, if it's a short sale.
  • The appraiser, if the home’s value needs to be assessed.
Without the help of experienced real estate agents, dealing with so many different parties alone is often a tough task for homeowners.
2. Most FSBOs do NOT know how to Prepare the Home For Sale
Pre-listing tasks that FSBO's Must do before they list their home for sale - such as:
  • De-cluttering - All Rooms - To Include the Kitchen and Garage
  • Painting the rooms with a fresh coat of paint in a neutral color.
  • Getting necessary repairs done.
  • Having the home floors and carpets cleaned by professionals.
  • Ensuring curb appeal of the home - Front and Back Yard areas.
  • Replacing outdated light fixtures.
Because FSBOs only have one chance to impress potential buyers, neglecting these home sale preparation tips, will often reduce the FSBO's chances of selling the house.
3. FSBOs do NOT know how to screen potential buyers
FSBOs often have no idea about the difference between pre-qualification and pre-approval, and they don’t know that buyers should ideally be pre-approved or at least pre-qualified.
Without doing one of the above the seller is wasting their time and money.
4. FSBOs fail to solve Buyer’s questions
Handling questions from buyers on their listings and coordinating showings for their homes are very important for making a sale.Unfortunately many homeowners aren’t either able to handle such inquiries on their homes or don’t have the time for them.

More important is organizing time for showings that might become an issue. In this day and age potential buyers and their agents want quick responses to inquiries, and don’t think twice about moving on to the next potential property if they can't get the correct response.
5. Owners don’t understand the concept of ‘Critical Time’
According to this concept, homeowners get the most money for their homes in the first 2 weeks of listing the property on the market. The longer FSBO homes stay on the market, the less money people will be willing to offer for them.
If a seller tries FSBO before hiring an agent, the seller loses the “golden time” window. This will eliminate buyers who have already viewed the home and might have made a reasonable offer — but have already moved on. The home will become stale on the market.
6. Owners Fail to understand the contract procedures
The contract to buy a home involves much more than just the price offered by the buyer. Real estate contracts have many timelines and clauses and involve several common contract contingencies, such as inspections and mortgages.
Most FSBOs don’t have a firm understanding of such contracts and might not know what they are agreeing to, or how to negotiate particular parts of the contract.
7. FSBOs will Not know how to handle the Home Inspection Findings
Home inspections almost always find some issues with houses even when they are relatively newer structures. In such cases, the buyer will request the problems be fixed or corrected before moving forward with the transaction.
Many FSBO's believe that there is nothing wrong with their home, so why spend the money? As a result, the potential buyer has an inspection and finds problems and the offer falls through.
8. FSBOs incorrectly price their homes
FSBOs often price their homes incorrectly due to lack of experience. They set the price too high, which potentially hinders the chances of closing the deal.
9. FSBO homes lack exposure
Homes for sale by owners are often listed on a few websites, but there are many that don’t allow FSBOs to list their property. Thus, FSBOs are unable to give their homes adequate exposure in the market.
However, when sellers hire a real estate agent, the professional can give a property comprehensive online exposure as well as exposure in the local real estate segment of the newspaper. The agent even has tools to extend the exposure further, which FSBOs don’t have.
10. FSBOs fail in the closing process
Even after an offer is accepted, many things still need to be done prior to the closing. For instance:
  • Get the inspections completed within the allotted time.
  • Ensure the attorney(s) (where applicable) approve contracts.
  • Ensure that instrument survey is ordered.
  • Check if the buyer has obtained written mortgage commitment.
  • Find out if title work is reviewed.
  • AND - Much more!
With so many issues against FSBO's, 
Do it the Right Way -  Call 760-822-7403

302 N.Cleveland St.
Oceanside, CA. 92054
 "Serving The Oceanside Communities Since 1979"
Click the Numbers
Located In Vista, CA. 92084
4 Bedroom - 2.5 Bathroom
Est. Sq. Ft.  3,776
WAS - $999,900


NOW - $889,500


Located on Over an Acre Of Land

Oceanside, CA. 92054
"Serving Oceanside Communities Since 1979"
As a seller, you have a lot more control in pleasing buyers than you think. If you start the selling process by learning what buyers really want, you can prepare your home to come as close to their dreams as possible.
Here are the five biggest turn-ons for home-buyers and what you can do to please buyers.

Curb Appeal
You only get one chance to make a first impression. Your home should sell to the buyer from the curb. That's how important curb appeal is. Your buyer should be so impressed, so charmed, so delighted that they want to leap out of the car and run inside.

How do you create curb appeal? Show attention to detail. Your home has to be prettier, cleaner and in better condition than its neighbors.
Start with sweeping the drive, walkway, and porch or entry of dirt and debris. Get rid of leggy bushes, wilted flowers and broken tree limbs. Plant fresh flowers in the front garden or in containers at the entry.
Power-wash the exterior and hand-wash the windows. Touch up paint around the windows, if needed. Paint the front door a fresh, modern color. Replace the door hardware and porch sconces.


The number one reason why people buy homes is to have more room. Whether they're moving from an apartment or moving up from the home they have, they want to have plenty of space to do the things they enjoy.

If you have a large home, you're golden, but that doesn't mean you've got it made. You can ruin a buyer's first impression with too much clutter, so make sure to keep your home picked up so your buyer can see your home's features clearly and easily.

What if you don't have a lot of space? Plan to do some storing and staging. Rent a storage unit and put away all out of season clothes, toys, and home decorations and accessories. Clean off all tables and counter-tops so you have only the minimum of things your need to operate your home. Empty closets of anything that is "stored" and move it to the storage unit. The small expense you'll pay in storage fees you'll more than make back from your buyer's offer.

There's a reason why first time buyers and singles tend to buy older homes - they're more affordable than buying new. So unless your buyer is a building contractor, chances are they want a home that's as updated as possible.

You may not be interested in putting in a new kitchen in order to sell your home, but you can do a few things to make buyers happy. Replace the most dated features - counter-tops, cabinet pulls, or appliances.

Bathrooms are so personal that they can easily turn buyers off. Invest in new towels, bathmats and a shower curtain. Throw out slimy soaps and limp ragged bath sponges. Replace with liquid shower and bath products. You can take all the new stuff with you to the next home.

Painting is expected by buyers, but don't repaint the same colors that you chose 10 years ago. Pick an updated neutral like a warm grey instead of beige. Be sure to choose a color that will complement the architecture and flooring in your home.

Keep in mind that home-buyers aren't expecting your home to be a mansion, nor do they expect it to be new, but they do expect to see pride of ownership. The more tweaks, updates and repairs that you perform, the more confident your buyers will be that they're choosing the right home

302 N. Cleveland St.
Oceanside, CA.

Serving Oceanside Communities Since 1979