Madeline Foley Real Estate

That’s all, bye

I get it, interest rates are raising and you’re panic buying. I’m here to tell youCALM DOWN! Rates temporarily dipped due to the pandemic and are now starting to trend back to normal. Today’s rates are still VERY low compared to history and if you’re well-qualified you’re going to be okay! Don’t panic buy a house you hate for $100,000 over-askingyou’ll have Buyer’s remorse down the line. ... Thinking of buying or selling? Call/text me at 619-679-1206! . . . . . Madeline Foley, #02056028 Pacific Realty, #00364725

Why is it so dang hard to buy a right now?! There are several factors that play into today's Seller's market including: 1) historically low-interest rates 2) a surplus of well-qualified buyers who have simply reevaluated their priorities due to the pandemic. ... But what else got us into this pickle? Most experts claim it's due to low inventory. Swipe The red portion of the graph represents the excess new construction for single-family homes leading up to the last housing bubble. Since then, we've had thirteen straight years of underbuilding homes (illustrated as green on the graph) which left us with a huge inventory deficit going into the pandemic. All of these factors made for the perfect storm The bottom line is... If you're a seller: You're in luck! If you're a buyer: While more inventory is predicted to hit the market in 2022, it will still be below the norm. Make sure to be over prepared and have strong agent by your side!

Just like that 939 Holly Ave is now LIVE and one of only three homes listed in Imperial Beach. The possibilities are endless with this lot Want more info or a private tour? Send me a private message. Listed by Gary Trieschman (#00886268) with Pacific Realty (#00364725) for $850,000!

The CUTEST 2 bedroom, 2 bath Imperial Beach cottage was just was listed by a co-worker of mine! I’m drooling Interested or want a private tour? PM me @ 619-679-1206! ... Listed by Melinda Wolicki (#01099786) for $960,000 with Pacific Realty (#00364725) . . . . . Madeline Foley, #02056028 Pacific Realty, #00364725

THAT’s what real estate means to me

Kodiak likes writing offers for me

First closing of the year I’m so incredibly impressed with this young lady! After experiencing 2021’s RED hot rental market, she started to explore her options and actually found it was more affordable to buy than rent! According to Apartmentlist.com, the national median rent increased 17.8% in 2021. To give you perspective, the national average rent growth in pre-pandemic years (2017-2019) hovered around 2.6%. ... It doesn’t stop there either - experts predict that rents will continue to increase. Realtor.com’s 2022 National Housing Forecast just released that they expect national rental prices to increase ANOTHER 7.1% within the next 12 months It’s important to understand these numbers are a national average and will vary depending on the micro-market you’re in. If you are interested in your neighborhood’s stats, shoot me a private message or call me @ 619-679-1206. And CONGRATS to my sweet clientwho purchased her first home with ZERO help at age 23! . . . . . Madeline Foley, #02056028 Pacific Realty, #00364725

@saharmacephotography has outdone herself again Welcome home to this precious family!

I’ve been super impressed with all you go-getters who have approached me with your 2022 real estate goals. One of the most common questions I get is, Is my credit score good enough to purchase a home? You can typically qualify for a FHA/VA loan with a minimum credit score of 580 and a Conventional loan when your score reaches 620. You’ll probably find that the higher your credit score is, the lower your interest rate and monthly payment will be.... BUT the real answer to this question is You need to consult with a lender! Talking with a lender early in the game can only put you in a better position and potentially save you money. Lucky for you, I have a team of rockstar lenders who don’t bite. Thank you to everyone who has supported my small business in 2021. Whether you’re a client, you shared a post, or gave out my nameyour support means the world! @saharmacephotography Madeline Foley - Pacific Realty DRE# 02056028 619.679.1206

Snuck this little South San Diego home under contract just in time for Christmas Congrats to my Buyer who secured the ONLY single family residential home under $700,000 West of the 5 Plus, this lot has tons of potential to build on in the future

Looking for a home in IB and/or South SD under $750,000? Swipe or check out the homes below 1. 2131 Ilex Ave is listed for $679,900 by Mike Blair (Lic #02080452) with HomeSmart (#01905908). 2. 954 Granger St is listed for $699,000 by Joe Binno ( #01168970) with Coldwell Banker (#00616212). ... 3. 1394 Switzerland Dr is listed for $705,000 by Justin Tye (#01728694) with Active Realty. 4. 1675 Satelite Blvd is listed for $738,000 by Justin Tye (#01728694) with Active Realty. 5. 961 14th St is listed for $747,000 Justin Tye (#01728694) with Active Realty. Notice how my last similar post had a 700K budget? Prices are still trending up and waiting will most likely cost you . I’ll be around this week in case you want strike while the competition is out of town . . . . . Madeline Foley, #02056028 Pacific Realty, #00364725

According to the most recent Realtor.com report, November marked the 5th consecutive month of double-digit rent increaseslanding at an 19.7% INCREASE year over year in the 50 largest metro areas. The average renter is shelling out an additional $291/month compared to this time last year, while homeowners have been saving money by refinancing to lowest rates in history. One of the many benefits of owning a home (especially during a period of inflation) is that you have a FI...XED payment. Meaning, your monthly payment will not increase unless you want to contribute an increased $/month to pay off your mortgage sooner. While there’s many lifestyle reasons to rent, keep in mind your building someone else’s wealth when you could be investing in yourself. I’m more than thankful that Jack and I decided to go for it. . . . . Madeline Foley, #02056028 Pacific Realty, #00364725

No one has a , but here’s what the experts are predicting for 2022 . .... . . . Madeline Foley, #02056028 Pacific Realty, #00364725