In addition to his educational qualifications, Tom Mattix is consistently backed by his clients, who appreciate his attention to detail, discipline, and vibrant personality. To show their appreciation, Tom has been recognized as one of the top-ten real estate agents in all of San Diego County by the San Diego’s Best 2011 Union-Tribune. That coupled with being chosen as the “Five Star: Best in Client Satisfaction Real Estate Agent” every single year since the award’s inception in 2007, and having the highest scores possible as a Quality Service Platinum Certified (QSC) professional truly shows that Tom Mattix is one of the premier San Diego REALTORs®. >>> Read Testimonials From Previous Clients
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October 17, 2014 by Tom Mattix
New San Diego Real Estate Listing: 2153 Grand Ave, Pacific Beach: $699,900-$749,900 Are you looking for a detached home which strands out amongst all others…one which is extraordinarily unique and truly one-of-a-kind? Oh, but you also want it at the beach where you’ll have the ocean, Sail Bay & all PB attractions within a 15 minute stroll? Well then STOP! I have that very home and it was just listed today! Stunningly gorgeous, this highly upgraded detached home (not a condo) has 3 large BRMS, 2.5 BAs, 1766 sq ft, an open floor plan, 2 patios, a bit of a view, 2 car garage, inside laundry, tons of storage, & here’s the unique part…a TWO STORY 171 sq ft SUNROOM! Call Tom @ 619-818-6442 for additional details. View the virtual tour here.
October 9, 2014 by Tom Mattix
Are you a San Diego First Time Home Buyer? The California Housing Finance Agency (CalHFA) supports needs of homebuyers by providing financing for low to moderate income Californians. The financing comes in the form of down payment assistance, grants, low interest loans, mortgage certificates, etc. Oftentimes forms of assistance can be combined. CalHFA has several programs which may well interest potential buyers and I encourage you to check out their website www.calhfa.gov. For today, my purpose is to introduce you to this organization and possibly the best way to do that is to provide an example of one of their programs. In fact, the CalPlus Conventional Program was just introduced this past week. Here is a brief outline of this one specific program: $6,500 in down payment assistance 3% down payment assistance 0% interest on a fixed-rate, 30-year conventional mortgage This CalPLUS Conventional loan can also be … Continue reading
October 7, 2014 by Tom Mattix
There’s Optimism Surrounding Real Estate in San Diego The image to the left is pretty self-explanatory yet it is noteworthy for folks thinking of or contemplating a real estate purchase within the next 12 months. To summarize, a recent survey of California home buyers were asked if they expect prices of homes in their neighborhood to rise over the next 5 years. Interesting is that 81% of buyer respondents replied “Yes” which is the highest affirmative response rate over the last 6 years and 21% higher than responses from just 12 months ago.
October 2, 2014 by Tom Mattix
A Costly Mistake San Diego Homeowners May Regret Are you one of nearly 1 million U.S. homeowners who have a fixed-rate mortgage and failed to refinance when mortgage rates were at historical lows? If you are, you lost the opportunity to save a minimum of $45,000 in payments over the life of your loan….likely much, much more! A recent study concluded that at least 20% of American households with fixed-rate mortgages could have refinanced to a lower rate but failed to do so. The question is “why”? Three possible reasons: 1. The upfront cost of refinancing which is typically a few thousand dollars, depending on the value of the loan, may have been a deterrence for some but even when taking into account the upfront cost, it is estimated that no less than 41% of these homeowners still would have financially benefited from refinancing their home loan. 2. … Continue reading
September 25, 2014 by Tom Mattix
The Latest on San Diego Real Estate Interest Rates Mortgage rates dipped this week after last week’s Federal Reserve meeting failed to clear up when the central bank will begin increasing short-term interest rates. The benchmark 30-year fixed-rate mortgage fell to 4.3% from 4.33%. One year ago the rate was 4.47%. The 15-year fixed-rate mortgage remained at 3.46%. 5/1 adjustable-rate mortgages fell to 3.32% from 3.35%. 30-year fixed-rate jumbos fell to 4.31% from 4.37%. What to do? Rates are expected to bounce around and possibly rise over the coming weeks, but not by much. At this moment, no one is expecting rates to breach 5% percent or bump up near that level…. unless something dramatic happens on the global/geopolitical stage. Still, the common and less risky recommendation for consumers is to lock-in a rate soon if they are offered one they like, just in case the unlikely occurs. … Continue reading
September 19, 2014 by Tom Mattix
Advice to Rental Real Estate Owners in San Diego An article in this morning’s Union Tribune reminded me to make a recommendation to anyone who owns investment/rental real estate. The article noted that the supply of multi-family properties in the San Diego area comes no where close to meeting demand. As a result, the vacancy rate is below 3% in our region and is the second lowest in the nation. The demand for rental properties here and in may parts of the country greatly exceeds supply and of course, Econ 101 tells us that the result is that landlords are able to command higher monthly rents. My message is simply this. Review all market rents for your properties and adjust at first opportunity to keep pace with the market. Why? Well it’s really quite simple. The amount you receive each month and year (Operating Income) directly and significantly … Continue reading
September 17, 2014 by Tom Mattix
Tom’s San Diego Real Estate Report for the Month of September This San Diego real estate video report covers central San Diego County by providing data for 20 communities (e.g., Pacific Beach, downtown, Scripps Ranch, etc.). In this report I will specifically address the latest data and trends for both detached and attached (condo) homes on sales, median prices, inventory, changes from the previous month and the same month last year, interest rate trends and more. The video you are about to see is an abbreviated version of my more in-depth “Real Estate Report” which can be viewed as a printable pdf and is available online HERE.
September 3, 2014 by Tom Mattix
I wish I had a dollar for every time I’ve been asked to provide advice to “first timers”! So, is there a better way to get the “word” out than by using social media? Here you go… Advice for First-Time San Diego Home Buyers Before you start shopping for a home there’s some groundwork you absolutely must consider. Why? Well, because you definitely want to put yourself in the best position in the eyes of a seller when you present an offer to purchase a home, you want the best finance deal available and of course, you want to live in the best house located in the best neighborhood for the least amount of money. Sounds easy, eh? Well, here are Tom’s tips: #1. Start early….preferably a couple of months before you anticipate beginning to tour homes. #2. Check and repair your credit The Fair Credit Reporting Act requires the … Continue reading