San Diego is home to some of the world’s most beautiful, glamorous, and down right impressive homes.  Here is a list of the top 10 most expensive San Diego homes for sale.

David Tal contributes to story in the San Diego Business Journal on how low mortgage rates are affecting the real estate industry.  David Tal, CEO of HomeReach.com, sheds light on buyer expectations and trends since rates have come down over the years.

Click here for full article.

Another Wave of Foreclosures may be on the horizon.

Homebuyers have had a hard time grabbing a bank owned deal home or condo in recent months. One reason is buyers surged in the first two quarters of 2010 because of the $8,000 tax credit offered to first time homebuyers. Though buyer demand is high, however, it’s equally true that inventory has slowed down. A lot of inventory has been bought in the last 12 months, but that still doesn’t account for it all. The truth is, the banks have been holding on to a lot of their REO foreclosure assets, in hopes of stabilizing the housing market and protecting the values of their current and future inventory of homes they will throw on the market. Although many people agree with their strategy, everyone is wondering how long they can continue to trickle homes on the market before they need to start paying back government and taxpayer loans and need to start liquidating those homes. If the timing isn’t seamless, it could potentially create another little dip for home values.

An estimated 7,000,000 loans are in default, and most of them are not receiving loan modifications, resulting in short sales, and unfortunately, many times winding up in foreclosure.

Every market is different and foreclosure density does vary.  Your Home Reach REALTOR will be happy to show you all the current foreclosures as well as give you pre-foreclosure activity data for your neighborhood of interest.  Many programs are available for troubled borrowers but unfortunately, most people aren’t aware of all of the options.

You can also find Foreclosures By Zip Code in San Diego on our website.

David Tal
HomeReach.com
Broker/REALTOR®/President
mobile: (619) 955-7706
efax: (619) 872-2471

SAN DIEGO, May 13, 2010 – Local San Diego Real Estate Company, HomeReach.com is proud to announce they have been awarded the National Association of REALTORS^®’ (NAR’s) Green Designation, the only green real estate professional designation recognized by NAR.

Going GREEN has been a commonalty in many different industries and now we are even seeing a significant difference in real estate. The decision by CEO, David Tal to go GREEN highlights HomeReach.com’s ability and desire to continue to be on the forefront of an ever-changing real estate industry here in San Diego. This continuous drive to evolve and revolutionize the real estate market is directly related to the “sharing is caring” philosophy that HomeReach.com has committed to provide to the San Diego community.

Tal expresses his enthusiasm for receiving this award, “As one of San Diego’s first GREEN Brokers, I’m happy to announce that we are leading the way for greener and more environmentally conscious real estate transactions. We can also educate our clients on ways to save green by going green. It’s all part of our “Sharing is Caring” company culture.”

David Tal and HomeReach.com achieved this prestigious designation after completing a course designed specifically for REALTORS^®.  The courses were created in collaboration with a multidisciplinary team of industry experts from across the country; ensuring designees gain comprehensive knowledge of green homes and buildings and issues of sustainability in relation to real estate.

More specifically, Tal was trained in understanding what makes a property green, helping clients evaluate the cost/benefits of green building features and practices, distinguishing between industry rating and classification systems, listing and marketing green homes and buildings, discussing the financial grants and incentives available to homeowners, and helping consumers see a property’s green potential.

HomeReach.com’s company culture, “Sharing is Caring” has now been elevated from not only sharing its commissions with their clients, but now saving them additionally by Tal’s Green certification, “As energy costs rise along with concern for the environment, homeowners are looking for innovative ways to save money and live responsibly,” said Dick Gaylord, NAR’s immediate past president.  NAR’s Green Designation was developed in response to growing consumer awareness of the benefits of resource-efficient homes and buildings. The designation helps consumers who care about energy efficiency and sustainable building practices identify REALTORS^® who can help them realize their green real estate and lifestyle goals.

“We urge San Diegans to not only go online and begin searching the San Diego market, but at the same time begin interacting with our agents so we can assist in the buying experience,” Tal advises. Next time you are searching to buy or sell, ask yourself: Am I GREEN? Visit HomeReach.com to begin buying the green way; more GREEN both in your pocket and your home.

Last Wednesday marked the 1st Annual HomeReach.com “One Round. One Cause.” Golf Tournament Presented by PING. We would like to thank everyone who came out to play, volunteer, sponsor and who attended the dinner and wine tasting banquet. It truly was an incredible event which brought awareness and raised funds for a phenomenal organization; Solutions for Change. We look forward to sharing our upcoming events for the rest of the year with all of you, which are all part of the “Your Home. Our Community.” Campaign. Click on the album below to view pictures from the golf tournament! Once again, thank you to everyone who enabled this day to take place!

One Round. One Cause. Golf Tournament

HomeReach.com CEO David Tal speaks about the upcoming 1st Annual HomeReach.com “One Round. One Cause.” Golf Tournament, benefiting solutions for homeless families in San Diego County.

On April 8th, CEO of HomeReach.com, David Tal was on San Diego Living with Rich Mundy form PING Golf, the presenting sponsor of the tournament. April 28th is soon approaching! Click here for complete details.

Get $3,000 to short sale your home?

April 8, 2010 – In an ongoing effort to stave of foreclosures, the government has been coming up with new ways to help troubled borrowers.  Their newest program may just do the trick!

A short sale is when a troubled borrower owes more on his home than it is actually worth; therefore, he can’t even sell it, but rather is forced to foreclose.  Short sales help the borrower sell the home, once approved by the lender to accept a short payoff.  Lenders like this method because it saves them tens of thousands of dollars in most cases to avoid the foreclosure process and sell it while it’s in a better condition.

Tragically, only a small number of homeowners have been approved for a short sale by their lenders, and the small percentage of people who were approved had to wait for a 6-9 month short sale process.  In many cases, they lost their homes to foreclosure during this tedious and time straining attempt.

On April 5^th, the government enacted the new Home Affordable Foreclosure Alternatives program, known as HAFA.  Under this new legislation, borrowers will receive $3,000 to relocate.  Short sale servicers will earn $1,500 for handling the transaction.  The holders of the mortgages, or investors, will receive $2,000 for participating and helping to share proceeds with any secondary lien holders.

Lenders that participate must make it clear to the homeowners as to what market price they will be willing to accept, and they must approve offers that meet the guidelines within 10 days.

There is no doubt this program will help thousands of people, and speed up the short sale process.  In many market areas, it’s been estimated that up to 2/3 of all transactions this year will be from short sales.  A foreclosure does twice as much damage to your credit score than a short sale, so homeowners should really consider this option before they just walk away from their homes.

Consult your local agent to discuss your options and alternatives to foreclosure!

Visit us online at HomeReach.com to view all San Diego homes for sale.

We would like to thank Channel 6 News for their amazing participation in our upcoming golf tournament as the official media sponsor!

Click Here to Register for the Tournament!

Thank you for your support!

On March 22, 2010 the San Diego Business Journal wrote an excellent article on the San Diego Real Estate Market. HomeReach CEO and Real Estate expert, David Tal provides valuable commentary in the published article. To read the complete article, click on the following image below.