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| VOLUME | VOLUME109| |MAY VOLUME 5 I ISSUEJANUARY 5 2023 2023

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Megan’ s Message Megan’ s Message Insurance & Real Estate CHEERS TO NEW BEGINNINGS…

HappyMeet New Year 2023 Your Neighbor Holiday Toy Drive organized Connieby Terwilliger of Kensington MeganSan Beauvais & Diego has Associates been ConnieÕs home

In this ever changing climate (both Þnancial and environmental), we are seeing the Happywidely New Year, Ken-Tal! The 2022 holiday as season was full much If you are a since 1977, after her graduate effects with our real estate transactions they relate to of insurance. Our Ken Taldegree Holiday DriveUniversity. was a totalSan atToy Indiana needed laughter,seller, celebrations, and cheer in spiteyourself of the roller buyer or alove, soon-to-be it would be wise to prepare for what to expect so we were able success, tofond collect over 65from toys her Diego held memories coaster of an economic ridemid westream. have all been on for the last two as to eliminate any surprises with the help of my clients and our community! withparticipated her father serving Special thankschildhood, to those who in the in years. So many of us are anxious to see what 2023 brings, but only the Marine Corps and being Toy Drive donations! These gifts really do make Condominium aretell. being affected in a couple of ways throughout San Diego time (and theowners Fed) will atof Camp Pendleton stwice. a differencestationed in the lives our community’ County (and probably California in general): Sinceotherwise coming to San Diego, sheÕs youth that would receive nothing for a) Manyhome insurance Ourfor spotlight this month is on companies arewill no try longer willing insure some complexes thatthe sit holidays. This was our first year been a year writer/producer/talent Many buyers and sellers to time thetomarket perfectly. I partnering up with the YMCA & Toys for Tots within very high Þre severity or risk zones. As a result, radio and television and corporate are forced to Wendy Reynolds of Talmadge. can’t tell you how many people I have heard relay these to mecomplexes recently that for their annual toy drive, I look She forward communications. was to thenext Þrst look in to a California Fair Plan, which provides very basic coverage at often three or theyI am are here goingtototell waityou untilthat theindeed, market crashes to buy. Having worked year, my goal will be to collect over 100 toys! and benefit thanks to their service!), and if A San Diego native, Reynolds homes female TV booth announcer at four times the average cost. This increased cost is then passed on to the owners of the in the real estate industry for 25+ years, I can attest to the fact that we Want to knowChannel what distribution day looked 8which and freelanced for like video you are borrowing $701,500 or less, grew up in Clairemont, went to are selling people where are getting loans. individual units. and In a situation the HOA dues are $300-$400/mo on average, at the companies, Y? never know whether we were at an all-time “high” or “low” until we are production as well as theyIt’s canstill either jump drastically (IÕve seen them proposed at as high as $1200/mo) or puts you have in the conventional financing Mission Bay High School and a bit early to see any price home seller, one Visit https://www.instagram.com/ worked at local radio stations on HOA the other of it.special It is true that, as aThese would the couldside impose assessments. are lump sum fees in addition to the ymcasandiego/ to view their Holiday Party Toys and category, lenders will including still allowK-Joy, you Sunny 103.7attended San Diego State for adjustment trends as we to measure done muchdues better selling 6-9tend months ago arather rightOnce now. the Itmany is special lower HOA andifare usually paid off over periodthan of time. for Tots Event! KyXy. to put little as The 5% down. All loans and college, “GO AZTECS!” Along over athe 3–6 month frame alsothat truetrend that as aoff, home buyer, onetime would havethebenefitted fromas half assessment is paid owner only has to pay usual/regular HOA dues. special assessment is a way the and interest charged now. Theongoing fact remains that people still to that keep lower HOA dues, however pay not for large all lenders are created equal, way Reynolds moved to we rate just being don’t have hindsight Connie nor was are living in Normalthe Heights Thea8th Annual Holiday Lights Bike Ride projects or, in this case, large insurance bills.will continue to push the need to move, and need housing, which when she landed full-time job at their financing programs. Contact me forat our Kensington San Francisco and after as of yet. But I can tell you that I am still We had an amazing turnout Annual Holiday Lights 20 Bike Ride! Despite the morning General Dynamics in their Film and movement in the real estate market in a forward direction, particularly showers we still had around 200 riders and skies were cleared during the full and family rides! a referral to a trustworthy lender that can years in the Bay Area, she consistently seeing multiple offers on Video Department, which provided b) other thatfrom we are seeing withand condominium complexes is in The areas thatissue benefit vast and more variedfrequently work sectors suffer from Congratulations to our House Deocration Winners at 4119 Palisades, 5341 Marlborough, & 4207 a steady paycheck and prompted that they under-insured asunits, compared to our what the lenders are now requiring for provide you the information to voted decided a change properties in San Diego, particularly in the Hilldale, ouryou teamneed of judges these house asshe bestneeded decorated along our route, thank you to a lack ofare sufficient housing such as beloved San Diego. herwho to take the leaptheir to a beautiful larger homes it was hard narrowing it down to just 3. replacement coverage. Due to the abundant wildÞres in recent years as well as the rise everyone decoreated get started in your research. and made the move back to her $1.2 million range and below with both home in Kensington. in cost for construction materials, the replacement coverage for a condo building isSpecial thanks to our community for coming out and joining us, hope you had a great time! My advice is this: of San Diego. Business After Association, andIfseller clients. Of course, complex currently, it would be wise to This annual event is organized hometown oftenmy notbuyer sufÞcient. you live in a condominium by theConnie Kensington Talmadge It was the summer of 1987 when Terwilliger discovered our wonderful bringthis thisdepends up as a topic of discussion an overall HOA meeting and insurance If shop you would likeastothis explorecommunity buying and/ going to area open houses, on the location at and for more information visit KenTalBiz.org. of Kensington. Her tax accountant, Doug Generoli regaled her with tales If youprevent are considering buying athrough. home this think of LONG TERM. could a sale from going As ayear, standard practice forin mythis clients of a market, stunning house that she needed toacross see. Intrigued, she made her way over to or selling ever changing she came Talmadge. presentation, but with an already very Gone aretothe you profit within a 2will not be any the property. From the moment she crossed the threshold, she was struck by the planning sell,days this iswhen one of thecan Þrstcount items on we making check ona to be sure there or email According to Reynolds, “I loved set ofand housing inventory buyers yearlimited time frame then move on/up.forThis has always give beenme thea call at 619.944.2798 issues or surprises mid-escrow. homeÕs undeniable charm. The previous owners, Bob and Ila Joy Ely, had moved atremains Megan@MeganB.com. I’dofbeAdams happy the friendly vibe out Ithere choose from, even advice gave to my clients, evenit’sprior to tighter pandemic timesme and north and left the house to beneighborhood rented out for the previous decade. As she took in the sights and sounds of the home, she knew that Kensington was the place Single family homes have different pitfalls when it comes to insurance to be aware of: as such. 10 years from now, chances are you will be glad you paid that to discuss with you what sets my service and all the planned activities. now. Those that can still qualify for a for her. She even built a recording studio in her new home. a) A homeowner may the haveseller moredug control theintype coverage and cost than the extra $10-$20k that theirover heels for. of With that time apart from the rest! I haven’t seen a neighborhood loan are able to take advantage of theinsurability above situation, however it's important to verify and cost on a home if you frame in mind, consider the longevity the home offers. Is this a space She loves Kensington because great to have everything she needs within are interested quiteitÕslike Talmadge.” low can rates andin,achieve dream ofcomfortable in purchasing youable remove contingencies yourstill family grow willbefore you their be to beany hereand forideally just walking or biking distance, and it gives her that feeling of being part of a small, before or just as you aremoving preparing an offer. Lenders are looking very closely at up,toorwrite downsizing. tight-knit community. The fact that she can jump on a freeway and get anywhere in 7-10homeownership, years? replacement cost for both condos and houses, and this will come in to play when town in just 20minutes is deÞnitely ForReynolds 20+ years made she was a part of a In May aofplus. 2019, purchasing if you are securing a loan. Insurance costs have increased considerably morning coffee group at Ken CafŽ where they still have a plaque of her dog Bailey If you home get ready to rumble! Buyers have morealready in place her home. graphic is a big bonus. Loans be seller, a little tricky these days over theare lastacan couple of years for new policies as well as for policies on the outside wall. HavingTalmadge great restaurants in theAneighborhood negotiability theseresidence days, but that doesn’t mean youresidence are getting the by $1200 in (my own insurance policy on my primary increased designer for 25 years, she has for ahomeownerÕs primary and trickier still the stick. Likely, you are still benefitting from a significant ashort year end fromof 2022-2023). Connie hasThe enjoyed working in Community Theater forCircle the last 20ish years. She is Annual Talmadge Caroling at the owned her own design business, foralbeit an investment a primary currently in the play ÒRose and WalshÓ at Point Loma Playhouse, (closing on June profit, not what itproperty. would aveFor been in the spring of 2022. Another one for the books! The Annual Caroling at the Circle is one of my favorite neighborhood Olive Design 20 years is LamplighterÕs loan, with many (but b)Remember If residence you Þnd that yourself living in or searching forall) a home in a high Þre hazard severity selling a property andnot buying a property is most events in Talmadge, I love putting thisshe event together forfor our2nd community. What a huge success we 4th). ÒSilkwormsÓ, a play wrote runs June - June and 18th at zone (high risk), you may Þnd that you canÕt had this year, it was a great time catching up with Friends & Neighbors, we laughed andawe even obtain coverage on a new purchase from Theater in La Mesa. To round off her freelancing. working career, Connie also taught voice successful is acount win on sides. for this currently Ultimately, lenders,when you there should onboth having at Prepare yourself sang some Hanukkah songs to kick off the first night of the festival of lights! Special thanks to all the standard insurance and pricing so will have to to the California which acting class at City College for 17+ years and now is easing into retirement. That andleast be strategic -agencies both in your and in revert your preparations. It isFair Plan, she is looking for a permanent 20% down if you are needing to Talmadge neighbors who decorated the traffic circle so beautifully, and to Tom Barb, who makes being said, she will continue to do voiceover work until she canÕt read words on thea offers buffet to style options for liability, replacement imperative setcoverage yourorproperty apart from the others. Youcost, canetc. do and so then terrific Saint Nick!turn Hope see you December 2023! position (hint, hint). borrow $701,501 higher as this puts you ontothe microphone. purchase a secondary policy to cover personal property. These policies are signiÞcantly page, or remember how toemployee by following the advice of a real estate professional regarding premoreinexpensive thanloan” a standard policyMost so belenders sure to do your homework in advance on You can find her online portfolio the “jumbo category. marketing suggestions (paint, repairs, inspections, and staging for ConnieÕs family is scattered all over the globe, with relatives in Germany and coverage options and shop around. at wendyreynolds.myportfolio. are still processing VA loans up to $1 million Mexico. Despite the distance, she has found other sources of companionship and example). love right here in Kensington. Her including her 3 cats and dog, have com. Infurry herfriends, free time, Reynolds $0 down (always incredible opportunity c) If you live in or plan toan purchase a historically designated home/landmark, your been a constant source of joy and comfort, and theyÕve become an important part If you have beenmay considering and/or selling estate, I wouldcompanies insurance options be limitedbuying but they are out there.real Some insurance hiking, of her family. In addition, toloves her pets, she mountain now shares biking, her home with Vira Ustianska welcome theoffering opportunity to meet and discuss what my the rising cost of are no longer coverage due with to theyou replacement cost (again, and her 8 year old daughter Vasy, both refugees of Ukraine. print making, art shows and (Vira, an amazing oil materials rears its ugly proven strategies canhead) do forsince youreplacing in 2023. becomes Contact me at it to its original state in painter was featured here earlier this year)! restoring happy hour. Her passions order to maintain the historic status. I have personally owned two historic properties Megan@MeganB.com or 619.944.2798! Connie is very involved with severaltravel, community activities. She is a member of the and have been able to secure coverage without question. As noted above, it does include photography Adams Community Recreation Group. She is also the originator of the Ward come with a higher price tag, but its worth it in order to avoid headaches May this year prove to be prosperous and joyful! I look forward to in case of a and she loves her adorable dog, Canyon Waggers, a dog group advocating for better off-leash options, they also destructive event and the insurance is needed. seeing you around the neighborhood! Diego. Ifin you see them out in organize a monthly trash clean-up the local park every 2nd Saturday of the month. Look for the event postings on the Ward Canyon Dog the neighborhood, be sure to Park Facebook The bottom line is that there are many, MANY changes occurring both within the world page. of lending requirements as well as the insurance industry. What was true 10 years ago say hello! Happy to have you does not hold true today. Do your homework and reach out to a trusted professional. I YouÕll see Connie and her furry Baxter walking around in the neighborhood, here,buddy Wendy! Megan Beauvais am happy to provide guidance and referrals if you Þnd yourself in need. Just give me a so be sure and say Òhello!Ó And to get information on her upcoming plays, please call at 619-944-2798 or shoot ® me an email at Megan@MeganB.com. visit lamplighterslamesa.com / pointlomaplayhouse.com. REALTOR megan@meganb.com 619.944.2798 DRE 01426805

What the heck is happening in San Diego real estate?! Are homes even selling? Can I even get a loan right now? These are some of the questions I get on a daily basis in the midst of our COVID19 shelter in place period.

Meet your neighbor Wendy Reynolds

Have questions about real estate? Contact Megan!

Have Questions About Real Estate? Contact Megan!

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01527365. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Compass is areal realestate estatebroker brokerlicensed licensedby bythe theState StateofofCalifornia Californiaand andabides abidesbybyEqual EqualHousing HousingOpportunity Opportunity laws.License LicenseNumber Number01527365. 01527365.AllAllmaterial materialpresented presentedherein hereinis isintended intendedforforinformational informationalpurposes purposesonly onlyand and Compass Changesisina price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footages laws. are approximate. is compiled from sources sourcesdeemed deemedreliable reliablebut buthas hasnot notbeen beenveriÞed. veriﬁed.Changes Changesininprice, price,condition, condition,sale saleororwithdrawal withdrawalmay maybebemade madewithout withoutnotice. notice.No Nostatement statementisismade madeasastotoaccuracy accuracyofofany anydescription. description.AllAll is compiled from measurementsand andsquare squarefootages footagesare areapproximate. approximate.This Thisisisnot notintended intendedtotosolicit solicitproperty propertyalready alreadylisted. listed.This Thisinformation informationisisprovided providedforforinformational informationalpurposes purposesonly onlyand andis isnot nota asolicitation, solicitation,recommendation, recommendation,offer offeroror measurements promisetotoprovide provideservices. services.Compass Compassisisnot notoffering offeringlegal, legal,Þnancial ﬁnancialororother otherprofessional professionaladvice. advice.Compass Compassreserves reservesthe theright righttotorefuse, refuse,reject, reject,ororcancel cancelthe theprogram programforforany anyreason reasonatatany anytime timewithout withoutliability. liability.Compass Compass promise offersno noguarantee guaranteeororwarranty warrantyofofresults. results.Subject Subjecttotoadditional additionalterms termsand andconditions. conditions.Home Homemust mustqualify qualifyunder underCompass CompassConcierge Conciergeguidelines. guidelines.Subject Subjecttotoadditional additionalterms termsand andconditions. conditions. offers

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