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| VOLUME | VOLUME9 9| FALL | JANUARY VOLUME 5 I ISSUE 5 2023 2023
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Megan’ s Message Megan’ s MessageHappy New Announcements Year 2023 Holiday Toy Drive organized by CHEERS TO NEWTo BEGINNINGS… The Kensington Talmadge Business Adapting Higher Interest Rates
Megan Beauvais & Associates Association invites you to join their team! Happy New Year, Ken-Tal! Theat2022 holiday season was for full over of much US Mortgage rates are now levels not experienced two decades as the era of ultraOur Ken Tal Holiday Toy Drive was a total What is happening San Diego real estate?! needed love, the laughter, celebrations, and cheer spite of the rollerwith cheap money has heck ended globally. Savers areinin being rewarded much higherwe returns on to their success, were able collect over 65 toys Meet your neighbor coasterdollars. of an economic werates have were all been on for the last two saved In China, ride higher mostly aimed at cutting backwith over-borrowing and the help of my clients and our community! Are homes even selling? Can I even get a loan right now? Special thanks to those who participated in the years. So manybut of the us are see over-building what 2023 brings, over-building, US anxious has not to been andbut theonly issue that seems to be a bigger Wendy Reynolds Toy Drive donations! These gifts really do make timeThese (and theare Fed) will tell. threat to home prices is UNDER-supply, not cheap money. some of the questions I get on a dailyabasis inin the lives of our community’s difference youth that would otherwise receive nothing for
Our spotlight this month is on the holidays. This year the COVID19 shelter inperfectly. place period. Many home buyersof andour sellers willout try to time the market While themidst 'authorities' Þgure this - and chances are they will Ibe slow and mess things up was our first year partnering up with the YMCA & Toys for Tots Wendy Reynolds of Talmadge. can’t atellbityou how many people I havethat heard relay to me recently quite before enacting policies really work - what are that people for to their do? annual A home is not a toy drive, I look forward to next theyI am are goingit's wait untilthat theShelter market iscrashes to thing buy. Having worked fancy watch, essential. the one we NEED, not just Higher year, my goal will berates toand collect andallbenefit thanks towant. their service!), if over 100 Atoys! San Diego native, Reynolds here totoan tell you indeed, homes in the real estate industry for 25+ years, I can attest to the fact that we may reduce the number of investor-buyers which could be helpful: they swallowed up huge Want to knowor what distribution like up in Clairemont, went to you are borrowing $701,500 less, which day looked grew are selling and people are getting loans. at thethose Y? never know whether we were at an all-time or reducing “low” untilsupply we areand inevitably pushing swaths of (mostly more affordable) homes “high” thereby puts you in the conventional financing Mission Bay High School and It’s still a side bit also early to seerents. any price Visit https://www.instagram.com/ on theup. other of it.raised It is true that, as a home seller, one would have prices They ymcasandiego/ to view their Holiday Party Toys you attended San Diego State for adjustment trends as we to measure done much better if selling 6-9tend months ago rather than category, right now. Itmany is lenders will stillforallow Tots Event! to higher put little as rates? 5% down. All loans and college, “GO AZTECS!” Along over a 3–6 month frame alsothat true that as a home buyer, onetime would have benefitted fromashalf What aretrend some things buyers can consider to adapt to interest the and interest rate charged now. The fact remains people 1. weShop around for the best rates. Yes, not allthat banks are still offering the exact samenor rates. all lenders are not created equal, are the way Reynolds moved to just being don’t have that hindsight The 8th Annual Holiday Lights Bike Ride need to move, and need housing, which will continue to push the Some are better than others and with fewer mortgages being issued, there their financing programs. Contact me for San Francisco and after 20 as of yet. But I can tell you that I am still movement isin more the real estate market in aarea. forward direction, particularly We had an amazing turnout at our Kensington Annual Holiday Lights Bike Ride! Despite the morning competition in this showers lender we still had and skies were a referral toWhile a trustworthy thataround can 200 ridersyears in the Baycleared Area,during she the full and family rides! consistently seeing multiple offers on could in areas benefit fromcredit vast and sectors andthe suffer 2. that Improve your scorevaried whichwork impact rate.from bad credit is onetothing, Congratulations our House Deocration Winners at 4119 Palisades, 5341 Marlborough, & 4207 provide you thespeciÞc, information need to voted these decided a change properties San Diego, particularly in the Hilldale, ouryou team of judges house asshe bestneeded decorated along our route, thank you to a lack of sufficient housing such as can our beloved Diego. eveninthose withunits, good credit elevate San their scores with targeted actions. everyone who decoreated their beautiful homes it was hard narrowing it down to just 3. and made the move back to her $1.2 million range and below specialized with both in this. get started in your research. There are consultants Special thanks to our community for coming out and joining us, hope you had a great time! 3. buyer Lower budget. Instead of buying that $2 million home, look at those selling for My my advice is this: of San Diego. Business After Association, andyour seller clients. Of course, This annual event is organized hometown by the Kensington Talmadge less to see if they may work. If you would like to explore buying and/ for more information going to area open houses, this depends on the location and overall visit KenTalBiz.org. on thebuying monthly payments....what HOATERM. fees? Real estate taxes? Operational If you4.are Focus considering a home this year, thinkare LONG or property selling this ever changing she came across Talmadge. presentation, but with ancan already costs? Sometimes higher priced less to service market, Þnancially Gone are the daysInsurance? when you count very ona making a profit within ain2costs According to Reynolds, “I loved set ofaand housing inventory buyers than lesser property. yearlimited time frame thenpriced move on/up.forThis has always give beenme thea call at 619.944.2798 or email 5. Ithere Seektoout properties where the asking price may beremains more negotiable. SomeI’d sellers are me at Megan@MeganB.com. be happy the friendly neighborhood vibe out choose from, it’sprior even advice gave my clients, even to tighter pandemic times and more negotiable than others. reduced prices. most sets seekmy a windfall, as such. yearsthat fromcan now,still chances are will have be glad paid that toyou discuss withWhile you what service and all the planned activities. now. 10 Those qualify foryou aSome others are being more pragmatic. extra $10-$20k that the seller dug their heels in for. With that time apart from the rest! I haven’t seen a neighborhood loan are able to take advantage of the Increase yourthe down payment you can. youagetting frame6.in mind, consider longevity the ifhome offers.Are Is this space 7% for your cash? That quite like Talmadge.” lowmoney ratesgrow and their dream offsetting a borrowing of 7% may be yourstill family can in,achieve will you be able tocost beofcomfortable herewiser.... for moving up, or downsizing. 7. Timing markets is usually unreliable. When rates come down you can always re7-10homeownership, years? Þnance, but chances are when that happens home prices will go up as more buyers In May of 2019, Reynolds made usually enter the markets. If you are acan home ready to rumble! Talmadge her home. A graphic Loans be seller, a littleget tricky these days Buyers have more 8. Adjust your living budgets: could you cutare something from your overall living budget to negotiability these days, but that doesn’t mean you getting the Megan’s designer for 25Moving years, sheBox has Exchange for a primary residence and trickier still add more money to service a mortgage? short end of the stick. Likely, you are still benefitting from a significant The Annual Talmadge Caroling at the business, Circle owned her own design for9.albeit anPlace investment a primary You never know. in times of uncertainty and some sellers who profit, not offers. what itproperty. would aveFor been inWe theare spring of 2022. Another one for the books! The Annual Caroling at the Circle is one of my favorite neighborhood Olivetogether Designforfor years and is a huge success we residence with many (but have owned homes for aall) long time don't have the sameevents cost in basis as those Remember thatloan, selling atheir property andnot buying a property is most Talmadge, I love putting this event our20 community. What had this year, it was a great time catching up with Friends & Neighbors, we laughed and we even who the 3 years. people sell after successful there isinacount win past on sides. Prepare yourself for this10 years of ownership: pricing currently freelancing. Ultimately, lenders,when youbought should onboth having atMost sang some Hanukkah songs to kick off the first night of the festival of lights! Special thanks to all the in 2013 was ainlot lower! andleast be strategic - both your pricing and is circle looking for a permanent 20% down if you are needing toin your preparations. It is Talmadge neighbors who decorated theshe traffic so beautifully, and to Tom Barb, who makes a 10. Takeset a closer look at apart Þxer-uppers: most pay a huge premium for move-in brand new. imperative yourorproperty terrific Saint Nick!employee Hope to see you December 2023! position (hint, hint). borrow to$701,501 higher as thisfrom putsthe youothers. You can do so easier quicker. But sometimes doing the by followingYes, theit's advice of and a real estate professional regarding pre-work yourself creates value at You can find her online portfolio in the “jumbo category. Most lenders time of loan” purchase. That always has longterm value.for marketing suggestions (paint, repairs, inspections, and staging at wendyreynolds.myportfolio. are processing loans up toevery $1 million 11. stillEven in times VA of uncertainty month you pay rent is a month less of equity example). building and a lost tax deduction. Rents can come down, but over time are very com. In her free time, Reynolds $0 down (always an incredible opportunity tied to inßation. inßation averages 2% over the next decade, a $4,000 rent If you haveclosely been considering buyingIfand/or selling real estate, I would loves hiking, mountain biking, payment todaytomay $4,875/ month 10 years welcome the opportunity meetbewith you and discuss what from my now. print making, art shows and proven strategies can do for you in 2023. Contact me at happy hour. Her passions AMegan@MeganB.com professional, informed insightful real estate agent with real-time information is invaluable or and 619.944.2798! include travel, photography in this process. I would welcome the opportunity to talk with you about your options and how I can makeprove yourto real goalsand a reality. give me Mayhelp this year be estate prosperous joyful! IPlease look forward to a call at 619-944-2798! and she loves her adorable dog, seeing you around the neighborhood! Diego. If you see them out in
Have questions about real estate? Contact Megan!
the neighborhood, be sure to say hello! Happy to have you here, Wendy!
HaveQuestions Questions About About Real Have RealEstate? Estate? Megan Beauvais Contact Megan! Contact Megan!
REALTOR® megan@meganb.com 619.944.2798 DRE 01426805 GRI, DRE# 01426805 | 619.944.2798 | Megan@MeganB.com | www.MeganB.com Megan Beauvais REALTOR¨,
Megan Beauvais REALTOR®, GRI, DRE# 01426805 | 619.944.2798 | Megan@MeganB.com | www.MeganB.com
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