June 2020 Real Estate Activities for San Marino

June’s sold activities are more in sync with the activities since fall (Sept.) of 2019 with the exception of the record-breaking, abnormal “0” sold in the month of May, due to the 1st lock-down in California in mid-March 2020!  Although we are still far from the “sign of a busy spring” in Jan. 2020 with 17 recorded sold before the pandemic, the market is definitely alive and healthy once again in SoCal due to the lack of good inventory, and buyers longing for more space and homeownership due to the stay-home order combined with the all-time low-interest-rate! The ceiling for June was a property sold for $ 3.9M at $1,038/sqft., and the floor was $664/sqft. on Doresta Rd., while the lowest recorded sale was $1.27M on Hilliard Dr.

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May 2020 Real Estate Activities for San Marino

This is historical as far as I can remember… there were NO transactions recorded for the month of May 2020 in the City of San Marino. This is not a big shock since the Safer-at-Home state law was in effect late March due to the unprecedented pandemic, and real estate was not considered “essential” business until 2 weeks later. So to say that almost everyone was in the most uncertain and “frozen” state in the month of April is not an over-statement. Thus, it resulted in zero sales for the month of  May!

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April 2020 Real Estate Activities for San Marino

We had one more recorded sale than March; there were 8 recorded sales in San Marino this month… and we actually have 2 more solds than April of 2019! The highest sold was a stately estate on Orlando Rd. for $6.03M at $1,156/sqft.  The lowest sold was $1.76M on Sharon Place, and the lowest $/sqft was $673 for a property on Lorain Rd., which is only 58% of the highest $/sqft on Orlando Rd., all in the same city!

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5 Outdoor Projects for a Beautiful and Fun Homecation Space

As the weather warms up, more families are starting to look forward to getting outside of the home to have some fun or just relax in the sun. And while a vacation may seem like the ultimate goal, most people find that by creating a better outdoor living area, they can have even more fun “homecationing” in their own yards. 

There are numerous projects that you can do to add some fun and recreation to your yard. The following 5 projects can help you maximize your space, improve your property, and increase your enjoyment of your space with the good weather. (Click here to read.)

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The Things That Matter The Most In Your Credit Report

If you haven’t looked at your credit report in a while, it’s probably time to go ahead and pull another free one at www.annualcreditreport.com. This is a site supported by the three main credit repositories, Equifax, Experian and TransUnion and allows consumers to get a free report once per year. Consumers are encouraged to retrieve this report primarily to make sure there are no errors showing up. Unfortunately, credit reports have their fair share of mistakes. (Click here to read.)

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6 Best Tutorials to Make DIY Upgrades to Your Home During the Quarantine

We never have enough time to work on our home. Scratch that—we never HAD time to work on our home. Now that most of us can’t leave our abode, we have nothing but time!

Turn that time into action by tackling some of those home improvement projects you’ve been thinking about. You might not have expert-level renovation skills now, but you’d be amazed at what you can learn from the comfort of your couch. We’ve rounded up some great tutorials to help turn you into a DIY master. (Click here to read.)

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Four Ways to Raise Credit Scores by This Fall

It’s pretty much a given that any particular mortgage program will require a minimum credit score. Depending upon the type of loan and the amount of down payment, credit score minimums can vary. For instance, an FHA loan asks for a minimum down payment of 3.5%. FHA guidelines require a minimum credit score of 580. With a down payment of 10% or more, FHA score requirements fall all the way down to 500.  (Click here to read.)

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The Coronavirus Pandemic: Is This the End of the Vacation Rental Industry?

The US short term rental industry has been under constant attack in the past few years as more and more state, county, and city authorities have been applying different measures to control its spread. However, the Coronavirus pandemic is posing a challenge of a magnitude that Airbnb-style rentals have not faced ever before. As a result, many real estate investors and other experts are wondering if the current pandemic will constitute the end of the vacation rental industry. Or will Airbnb hosts be able to survive this temporary slowdown and come back as profitable and successful as before? (Click here to read.)

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Forbearance: Is It Just a Slow Slide Into Foreclosure?

If you’re experiencing financial hardship related to the coronavirus crisis, the idea of forbearance probably sounds pretty good. After all—who wouldn’t want to put off paying their mortgage when money is tight, especially if you’ve just lost your job or are worried you might be about to?!

The problem with forbearance is, in most cases, it only provides a short reprieve from paying your mortgage—as short as three months, depending on the lender. “Under a forbearance agreement, a borrower can pause payments entirely or make reduced payments on their mortgage,” said MarketWatch. “Homeowners with federally-backed mortgages are eligible for up to 180 days of forbearance initially under the CARES Act. At that point, if they’re still facing financial difficulty, they can request an extension of up to another 180 days of forbearance.” (Click here to read.)

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Smart Ways to Save During the Quarantine

The coronavirus has thrown the economy into upheaval and forced us all to reconsider our finances. It’s more important than ever to save money, and we’ve got tips! Read on for a few ways to conserve your cash. (Click here to read.)

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