An exquisite home in San Diego's plush area of Del Mar has recently sold for 20% below the listed price of $3,250,000 for just $2,600,000!

A very particular homebuyer managed to grab this gorgeous 3100 sq ft 4 bedroom 3.5  bath home in Old Del Mar. Recently remodeled with designer wool carpeted floors and hardwood, walnut cabinets, quartzite countertops, and a gourmet kitchen with a subzero refrigerator and Bosch appliances, it would be easy to call this two story showplace home!  Endless designer details have made this a magnificent place: built in bookshelves and flatscreen TV, Balneo Airjet bathtub in the master bath, custom lighting throughout, fireplaces in the living room and master bedroom, and many other unique flourishes. Bedrooms open up to the beautiful covered patio.

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Situated on a huge lot (18,640 sq. ft.), the outdoor space was designed for entertaining, including a pool with a natural rock water feature, spa and firepit in a fenced yard. Neighboring Torrey Pines Park and its famous beach, with parklike views and a block from the Pacific Ocean, this home is in a small Del Mar's gated community. It is within walking distance to charming Del Mar and all of its many attractions: shopping, entertainment and restaurants.

15-Year, 30-Year, or a Biweekly Mortgage For Your Del Mar Homes?

In the past, the 30-year, fixed-rate mortgage was the standard choice for most buyers      of Del Mar homes. Today, however, lenders offer a wide array of loan types in varying lengths—including 15, 20, 30 and even 40-year mortgages.

Deciding what length is best for you should be based on several factors including: your purchasing power, your anticipated future income and how disciplined you want to be about paying off the Del Mar homes mortgage.

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 How to Calculate Compound Interest When Buying Del Mar Homes

Compound interest means interest is being accrued not only on the principal amount but you are also accruing interest on the already accrued interests.  Essentially, you are making interest on the money you've already made. 

If you are considering investing in Del Mar homes, it's valuable to understand and know how to calculate compound interest. 

I've chosen a simple principal amount of $1,000,000 and an interest rate of 6%, compounded over three years.

* Year 1

$1,000,000 X .06 for one year is $60,000 interest.

* Year 2

Now we have $1,060,000 X .06 for the second year is $63,600 interest.

* Year 3

Starting with $1,123,600 accumulated X .06 = $67,420 interest.

At the end of the third year we have a total compounded interest amount of $1,191,020.

Calculating your compound interest versus interest alone shows how beneficial compound interest really can be to investing in Del Mar Homes.

Leaving Your Del Mar Homes Unoccupied For An Extended Period Of Time

No matter whether you travel for business, have unoccupied Del Mar Homes, or are considered a Snow Bird there always seems to be the small question of "What If" when leaving your Del Mar Homes unoccupied.

What if a water pipe sprang a leak? Keep in mind just a small crack in a waterline can leak up to 250 gallons of water a day. That 250 gallons of water can ruin wood floors, furniture and anything else it touches. With water seeping into the walls your house now has the possibility of growing mold!

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The Basics of Sustainable Gardening For Your Del Mar Homes

Sustainable gardening, simply put, is to garden with sensitivity toward the environment.  Even if you don't have a green thumb, sustainable gardening is something that you can achieve at your Del Mar homes. Sustainability enables the garden to thrive naturally for years to come. Sustainable gardening practices are fun and easy to implement into the daily routine of your Del Mar homes. Sustainable gardening practices include:

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Decorating for Your Open House - Tips and Tricks To Sell Your Del Mar Homes

If you have been following our advice on open house tips for your Del Mar homes, you have already learned how to arrange the larger items in your rooms to create a better traffic flow and the illusion of more space. Once your furniture is arranged to create an open, airy feeling, you're ready for more open house ideas to put the finishing touches on your small room makeover. Follows these tips to capture the interest of Del Mar homes buyers.

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Top 10 Tips For Saving Energy in Your Del Mar Homes

We are all trying to save energy in our Del Mar homes in order to reduce our energy costs and preserve our natural resources. By now, many of us know that saving the planet begins in our Del Mar homes, and has become the individual responsibility of each household. Here are some energy saving tips to help you make a difference.

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Your Del Mar Homes Are Gaining in Value!

Who isn't worried about the value of their Del Mar homes in this market? Numerous articles have been written about whether we're in the midst of a housing bubble and when the housing boom will end. The tone is reminiscent of discussions that occurred right before technology stocks tumbled in 2000. How concerned should you be about your Del Mar homes value?

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The Basics of 1031 Property Exchanges For Your Del Mar Homes

If you have Del Mar Homes that were purchased for investment, and you'd like to sell, take a look at the 1031 exchange rules before doing so. These rules allow you to sell one property and purchase another of like kind, deferring any gains. Like kind means the property must be used for investment purposes, which could include apartment buildings, office buildings, industrial buildings, commercial buildings, rental housing units, raw land, farms, and ranches. You do not have to sell and buy the exact same type of Del Mar homes. Thus, you could sell undeveloped land and purchase a commercial building, deferring the gain. Or you could sell the building used in your rental home and purchase an apartment complex, again deferring the gain.

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Get It In Writing!

Everything about the Old Del Mar home you just looked at is perfect. The location is great. The layout is ideal, and the square footage is more than adequate. There's a built-in spa on the back deck and a charming weathervane on the roof. You're ready to make an offer--and you want to do it now, before another offer comes in. Whatever it takes, you don't want to miss out on this Old Del Mar home.

 

 

 

 

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