At San Diego Previews, we deal with a number of people who are relocating to the San Diego area. They may be from from the East Coast, the desert, Bay area, Midwest or Europe, but all have pretty specific ideas about the lifestyle they anticipate in sunny Southern California.

Many of these seekers are seasoned and affluent home buyers–ones who can be pretty specific about the features they want in their next home. Their demands might very well include:

• A formal and separate entry with natural stone or wood flooring.
• An office off that lovely entry
• Formal dining room with outside patio for al fresco meals.
• In Southern California, a great room with fireplace off the spacious and well-equipped kitchen. Great for wine and cheese soirees, family fun and casual entertaining.
• At least one bedroom with full bath on ground level.
• Spacious master suite with balcony for sunset wine sipping–and spa bath with jetted tub. Huge closet also a plus!
• Outdoor kitchen for year-round entertaining is a must.
• Some want pools and some don’t, but most would like a private rear yard large enough to accommodate one.

We have recently listed a newer 5 bedroom, 4.5-bath home at 7289 Calle Conifera in Carlsbad, which offers all these features and more–including a butler’s pantry, large laundry room, 3 fireplaces, Brazilian cherry and polished travertine flooring, granite surfaces, 3-car garage, 4225 square feet, and numerous other custom upgrades. This La Costa Oaks listing is also in the highly desired San Dieguito school district, has reasonable taxes– and a price tag of just $1,150,000.

The post Luxury Above La Costa appeared first on Luxury Home Digest.

One Can Modify Luxury Home Loans, too?

Not all clients took my conservative mortgage advice over the years, and some ended up with home loans that have turned downright nasty.

In one case, a client and dear friend was persuaded to take out a Negative Amortizing Adjustable Rate Mortgage (Neg Am) along with a HELOC (Home Equity Line of Credit) a few weeks after the purchase of her $1.8 million Carsbad home.

I just heard that in a couple of months, her mortgage will reset to an intolerable level and she is seeking a way to manage payments and keep her dream home.

Late last night, I discovered that fellow real estate blogger Ryan Rockwood had written an ebook on How To Get A Loan Modification that is packed with information for struggling borrowers–and chock full of insider tips.

For example, I know that many borrowers agonize because either they or their mortgage broker overstated income levels when applying for mortgage loans during the real estate bubble years.  At the same time, attorneys have discovered that many lenders may have violated provisions in the Truth in Lending Act and/or the Real Estate Settlement Procedures Act (RESPA). Rockwood states that there is plenty of blame to go around, and lenders as a rule aren’t pursuing earlier income exaggerations.

That information alone might spur some to pursue loan modifications for their mortgages.

If you are having difficulty with your mortgage, I encourage you to visit the 60 Minute Loan Modification site, where you will soon be able (if not already) to purchase one of the best books I have seen about how to get a loan modification.

The post Even Luxury Home Loans Can be Modified appeared first on Luxury Home Digest.

Luxury real estate gossip the last few months has fluttered around topics like the sale of Donald Trump’s Palm Beach mansion at $100 million (when it had been listed for $125 million), the pending foreclosure of Ed McMahon’s Beverly Hills home, and the F-word in luxury real estate (foreclosures).

These days, recession is the hot topic as brokerage accounts have been bloodied, home equities have declined, and credit cards are filling up with gasoline charges. It’s no wonder that it’s now fashionable to talk about frugality. And these discussions are leading to real changes in lifestyle.

Some very random observations and sensible advice:

1. Hybrids are the cool cars. Gasoline guzzling Beamers and Mercedes are being traded in for fuel-sipping and leather-seated hybrids. In some areas, there are wait lists of months for the Toyota Prius.

2. Have adjustable rate mortgages on your home or other properties? You may want to consider financing that will carry you through the financial storms ahead. Values are slipping in many luxury real estate markets–and appraisals may become problematic in the year ahead. Just my opinion, of course.

3. Are fewer Americans traveling to Europe? We’ve known several who have canceled European holidays and are traveling locally–or to Asia instead. Nobody wants to spend decimated dollars in a in a Euro-pumped economy. US dollar exchange rates against the Chinese Yuan are far more attractive.

4. A bright note in the economy are the number of Europeans, Canadians and others who are coming to the United States to shop not only Neiman Marcus and Chanel, but to spend those Euros and Loonies on prime US real estate. Homes in San DIego, Palm Beach, Scottsdale and Las Vegas are phenomenal bargains when purchased with these foreign currencies.

5. A number of affluent baby boomers are scaling back. They are aiming to trade their large suburban homes for something smaller, something single level, and something that is in walking distance to beaches, golf, restaurants, and mass transit. Trains, in particular, have captured the fancy of many,

6. This is only buzz, but I am hearing that many are dropping and/or selling country club memberships–and that there are reportedly thousands for sale in golf heavens like the Palm Springs area. Any other information out there?

7. More people appear to be dining at home. In the La Costa area where we live, both Tommy V’s and Sushi on the Rock have shuttered their doors. These were bustling restaurants just a year ago. It is likely a scenario that repeats itself throughout the country. And is it just my imagination, or do the local farmer’s markets seem to be busier this year? Perhaps people are rediscovering the utility of their own lovely kitchens.

Somehow, I think there will be future articles and lots of discussion on frugality in our lifestyles.

After all, consider the real estate and stock market bargains that might be bought with the money saved….

The post The Luxury of Frugality appeared first on Luxury Home Digest.

Investors are moving back into the San Diego real estate market with impatient wallets. And luxury real estate investors are no exception.

They are seeking well-priced foreclosures, pre-negotiated short sales and most favored of all: Real estate investments with income streams.

So-called bargains in sub-marginal areas may not be the wisest real estate investment move anywhere. Perceived bargains in outlying markets may be nothing of the sort, and we persistently advise our clients to stay with blue chip real estate investments especially in volatile economic times.

We just received a whisper from La Costa Resort and Spa in balmy Carlsbad, California that buyers of their Villas will receive up to $125,000 at closing for leasing their properties back to them for two years. And of course, there is always the option of using their condos too.

This is a very limited offer, as only 10 La Costa Resort Villas whole-ownership, luxury condominiums remain. Each is fully furnished (just pack a toothbrush) with designer decor and high-end amenities throughout, and is located on the grounds of the world-class La Costa Resort and Spa.

Low out-of-pocket expenses enable resort ownership for minimal cost.

One-bedroom luxury condos start at $594,825, while two-bedroom units list for up to $1,033,000. With 75% financing, buyers can claim ownership with considerably low out-of-pocket expenses of up to $125,000. Plus, La Costa management will also waive monthly fees for two years to save La Costa Villa buyers even more.

A bonus of complimentary Villas Signature La Costa Sports Membership, valued at $16,500, is also included.

If you are interested in this exceptional value, please call Mike or Roberta Murphy for additional information at 760-402-9101 or 760-402-9102. We are including some luxury spa treatments for our buyers as well.

The post La Costa Villas Offer Big Investor Bonus appeared first on Luxury Home Digest.

Bob Dyson is a real estate legend who recently launched Sothebys real estate offices in the San Diego, Palm Springs and Las Vegas markets. He has kindly agreed to share some exciting news with us about a new real estate exchange program that is set to rock the San Diego real estate market mid-January.

This program will do much to liberate locked-up equities in homes throughout Southern California.

But Ill not steal his thunder.

by Bob Dyson

How I See It: Lets Liberate Home Equities

With all the alarming issues facing us in Real Estate ownership and all the turmoil in Real Estate lending, I have been searching endlessly for fresh solutions to these problems. What if we could create a new and faster way to buy and sell homes in todays challenging market? What if real estate buyers and sellers could focus on the deal instead of getting lost in the details of granite surfaces, designer amenities and upgrades?

We believe our home exchange program will help stabilize our troubled real estate market and could be a program easily implemented in other cities outside of Southern California.

Quick Facts:

There are more than 25,000 homes for sale in San Diego County. We believe there are also more than 19,000 qualifed buyers who wish to purchase a home in San Diego RIGHT NOW.

So where are the buyers and who are they?

They are home owners living right here in San Diego.

They are home owners with œFrozen Equity – people who want to relocate right now but must sell their home first.

The Media:

Granted, there have real problems with the real estate lending industry . And the media has done an excellent job paralyzing the home buying public, scaring them away from purchasing.

Recent statistics provided by First American Title Company show that in San Diego County, the Palm Desert/Palm Springs areas and Las Vegas, foreclosure activity is centered in small pockets of those communities.

Areas like Rancho Santa Fe, Del Mar, Indian Wells and Summerlin have experienced very little impact from local foreclosures; however, those communities have been brought down by media hype and generalities.

It seems that nobody at the media level, or especially the government level, is paying attention to details. Our congressmen who are holding hearings on these issue dont even know what questions to ask – much less are able to present viable solutions.

Been There, Done That:

In January 1993 – in a similarly challenging Real Estate Market – several of us in the industry began calling our listing clients and we asked them one question: œWhen you sell your home, are you moving up in price, down in price or out of the area?

From that calling session forward, our little group began selling homes at an incredible pace. In January of that year alone, we sold 48 properties.

How We Did It:

We took our clients who had good equity, good jobs and good credit and matched their wants and desires to move up with other clients selling their homes who desired to move down.

We simply exchanged properties. It was actually as simple as œIll buy yours and youll buy mine.

Two purchase agreements were drawn up, each contingient upon the concurrent close of the other. Both clients got new loans and became a buyer in one escrow and a seller in the other.

The process and the response exceeded our wildest expectations. We provided all parties with work sheets, we moved sales prices and new loan amounts around with our lenders and, in most cases, satisfied the needs of both clients.

Exchanging Properties in Todays Real Estate Market:

Today, we are taking our exchange idea of the 90s, dusting it off and are updating it with todays technologies.

What is evolving is an industry-supported effort to help buyers and sellers with good credit, good jobs and solid equity move NOW.

To best understand this new program please click on the following link to visit www.HomeExchangeProgram.com. The site is still under construction, but you can get a feel for how exchanges work.

Real Estate agents and sellers alike can participate in this program. The more of us who participate, the faster this Real Estate market will right itself and and help œAll Ships to Rise.

If you would like to discuss the Home Exchange Program, please give me a call at 858.481.2020 or email me.

And thats œHow I See It.

Bob Dyson

Bob Dyson is the Broker of Dyson & Dyson Sothebys International Realty in Palm Desert/Palm Springs, Calif. and Las Vegas, Nevada and Villa Sothebys International Realty in Del Mar, Calif. With nearly 40 years experience in the Real Estate Industry, Bob has become an industry innovation leader. In addition to his many years in the brokerage industry, Bob is also involved in real estate mapping and development and currently has several thousand acres in various stages of mapping and development in Southern Nevada and Southern California.

About the Company
Dyson & Dyson Sothebys International Realty and Villa Sothebys International Realty were founded in Southern California in 1988 under the name Dyson & Dyson Real Estate Associates. Offering a variety of unparalleled real estate services, the brokerage operates offices in Las Vegas, the Palm Desert/Palm Springs area, and Garner Valley under the name Dyson & Dyson Sothebys International Realty and in the San Diego County area under the name Villa Sothebys International Realty.

Each office is independently owned and operated.

Read also:

San Diego Real Estate Exchange: Barter and Banter

You may also wish to read about or search:

San Diego MLS

Aviara Real Estate

Carlsbad Real Estate

Coronado Real Estate

Del Mar Real Estate

Encinitas Real Estate

La Costa Real Estate

La Jolla Real Estate

Oceanside Real Estate

Rancho Santa Fe Real Estate

San Diego Real Estate

San Marcos Real Estate

The post San Diego Real Estate Exchange appeared first on Luxury Home Digest.

The displaced people of San Diego County are beginning to return home. Most return to standing homes; 1600 or so others are greeted by their nightmares: Homes destroyed by fires.

We are just beginning to hear and see stories of people returning to the burned heaps of rubble that were once their homes. They sift through some of the debris and find broken china, perhaps a metal bed frame, perhaps a spoon. They are somber, and many are tearful, as they survey the charred remains of former lives.

Still, the common response of all has been a profound gratitude for life. The fires may have stolen lifestyles and mementos, but they have also gifted people with a new appreciation for living.

A few days ago, I spoke with some who thought people would be leaving San Diego by the thousands.

At that time I thought not–and still do.

A family whose home was destroyed in Ramona was asked by a reporter if they were going to pull up stakes and move. The owner replied that his burned house is just a house, but Ramona is home. They will rebuild and remain in their home: Ramona. That is their community, where friends pull together and share a common history. Fires cannot destroy that bond.

I have spoken with several people whose La Costa homes were destroyed 12 years ago in the Harmony Grove Fire. Most rebuilt and remained in the community–because it is the community that is home.

No one means to minimize the horrible trauma of losing one’s home. There is the shock of the initial loss, the months of haggling with insurance companies and contractors, the problems of displacement and finding temporary shelter, the process of rebuilding a lifestyle.

But the process of rebuilding a lifestyle allows for changes in living that might not have occurred otherwise. The rebuilt home may be configured differently, may better reflect your identity, may better serve your needs. And the rebuilding will be a process shared by the community, which will further tighten the bonds between neighbors and friends.

San Diego will survive and thrive.

If grass can grow through concrete, life can arise from the ashes.

The post San Diego Fires: Coming Home to Ashes appeared first on Luxury Home Digest.

I have staked out early mornings as time for myself and dedicated it to yoga at the Chopra Center in Carlsbad.

No real estate clients, no family, no phones, no intrusions. That slice of time belongs to me. Six mornings a week, in the cool, quiet hours before dawn, I arise, shower and head down the hill to the La Costa Resort and Spa for an hour or so of yoga and meditation. It is more than the ritual; it is the place.

Behind La Costas gated entry is the healing and energizing haven that has become dear to my heart: The Chopra Center. Seven days a week, the center holds early morning yoga and meditiation classes that are also repeated as evening classes certain days of the week.

In addition to a menu of treatments, the center also dedicates about three weeks of each month to their Perfect Health program. Designed by Deepak Chopra MD and David Simon, MD, this weeklong program is keyed to individual needs and includes:

• Primordial Sound Meditation
• Daily yoga classes
• Daily Group Meditation
• Customized Ayurvedic massage treatments
• Nutritional plans and guidance
• Panchakarma Detox and cleansing therapies
• Mind-Body medical consultation
• To to rest, rejuvenate and be a friend to your Self.
• Grounding, a more recent addition to their menu for health.

I have had the opportunity to meet a number of Perfect Health participants. Most said the experience was one of the most powerful ones of their lives. One dentist said it was the best thing he had ever done for himself. Another woman said it had saved her from an unwanted surgery.

Other participants here come for training and certification so that they, too, can guide others to a more perfect health.

All are well-loved programs!

For additional information, visit the Chopra website or call 888 736 6895.

The post Yoga at the Chopra Center appeared first on Luxury Home Digest.

The attraction?

What a gift to awaken in the morning and see the light of a new day as it glints over the water or emerges from behind the mountains. And how better to end the day, when one can relax and watch the sun slip over the edge of the earth and into the water beyond. The enormity and every-changing beauty of these views somehow helps put life and its struggles into a different perspective.

Once in awhile, a home comes along that is gifted in every sense of the word. It has heart-stopping lagoon and ocean views, is custom-crafted throughout, has a location overlooking San Diego’s famed La Costa Golf Resort and Spa, and sits on 2.4 private gated coastal acres. This

La Costa Estates home would make a wonderful full or part-time residence for some discriminating buyer or home collector.

It has over 4600 square feet designed and constructed to take every advantage of its priceless views. If you can pull yourself away from the expansive windows, you will immediately note the solid cherry leaded glass doors and cabinets, granite surfaces, Austrian crystal chandelier, the stunning stairway, gleaming floors and the easy-moving floor plan. Closer inspection reveals a central vacuum, sophisticated security system, a large safe room, and fully-automated exterior landscape lighting system. There is a wind-protected spa, a three car garage and a large driveway and entrance that can accommodate up to ten vehicles.

Savvy real estate investors will appreciate that locations such as this are rare finds and that at $2.6 million, this 1999 estate is priced well under replacement value. For additional information or an appointment to preview this property, please call Roberta Murphy (760-402-9101) or Scott Murphy at 760-613-6190.

The post World Class Views appeared first on Luxury Home Digest.