By Caroline Abkar, REALTOR®, B.Sc.Eng.
Why is it important to increase your credit score? A high credit score means a better interest rate when it comes to applying for a mortgage loan. And a better interest rate means you pay less every single month to own your home!
There are several factors that affect your credit score, but these top 3 tips are the ones that will increase your credit score most.
Tip #1 to increase your credit score: Pay your bills on time.
Tip #2 to increase your credit score: Keep your credit card balance and utilization ratio as low as possible.
Tip #3 to increase your credit score: Don’t apply for a new credit card if you will be applying for a loan in the near future.
Watch the video for all the details around these 3 tips.
As always, if you have any questions or need help buying or selling a house, please reach out!
🏡 Caroline Abkar, REALTOR®, B.Sc.Eng.
Your Trusted Realtor and Advisor For Life
Windermere Homes & Estates
About the author: Caroline Abkar is an established San Diego Realtor and Bay Park resident who is absolutely passionate about the community as well as representing her clients in selling and acquiring the biggest investment of their lives. A former successful engineer & project manager, she is very detail-oriented and will go above and beyond for those who place their trust in her. You can contact her anytime at 619-808-4804.
By Caroline Abkar, REALTOR
Please note: I wrote this pre-COVID-19 but didn’t get around to publishing it. I hope you enjoy getting to know our new local restaurant a little more. At the moment, they are open and offering their menu!
As with all my blog posts, I was not offered any complimentary meals in exchange for this post.
A few months ago, locals in Bay Park, Bay Ho, Clairemont and nearby neighborhoods rejoiced as a new eatery opened in town: Bay Hill Tavern. This family friendly restaurant defines itself as a neighborhood bar and restaurant offering brunch on weekend mornings, hosting live music on weekend nights and open late 7-nights a week. Their mission is to offer a clean, open and inviting atmosphere serving cold beer, wine by the glass and well-executed cocktails and American-fare.
🏡 Sneak peak! This beauty will be ready any day now in Bay Park and I plan to hold it open this weekend Sat 2/8 & Sun 2/9 @ 1-4pm 🔥🔥
🌴 3 bedrooms
🌴 2 bathrooms
🌴 1,722 Sq Ft
🌴 2 car garage
🌴 6,800 Sq Ft lot
🌴 Partial bay and ocean views!
🌴 Fully remodeled
🌴 Price being finalized, most likely $1,195,000-$1,295,000.
For more details and to confirm readiness, please call/text/message me at 📲 619-808-4804
Caroline Abkar, REALTOR®, B.Sc.Eng.
Your Trusted Realtor and Advisor For Life
Windermere Homes & Estates
📲 : 619.808.4804
📧 : Caroline@YourSanDiegoRealty.com
By Caroline Abkar, REALTOR | November 6th, 2019
The news of Protea turning a long-empty parking lot in Bay Park into a new mixed use development called Bayview Plaza, adjacent to the Clairemont Dr trolley station sparked a lot of conversations and questions amongst the community. The plan is not only to offer luxury apartments but also, affordable housing included on-site and a retail and community space that will be open to everyone. Naturally, when Protea announced their 4 hour open house in Bay Park, I attended so I could get some of your most pressing questions answered. I hope you enjoy the read and most importantly, that you share your thoughts and comments. In fact, Protea is very much all ears in listening to the community and will be following this blog post to make sure that your voices are heard!
One of the first things I noticed walking into the open house was the sheer number of staff members that were present to greet the community. In addition to Protea’s president being on site, his entire team was, too. Everyone I spoke to was clearly passionate about the project and they kept asking for feedback. For instance, they had posters on the wall with all of their ideas, and asked people to vote for what they wanted to see and use color coded stickers; green sticker meant high priority, blue meant medium, and yellow was low priority. But first, let’s talk about the concept.
By Caroline Abkar, REALTOR | October 8th, 2019
You may have heard the news and seen their ads everywhere. What an iBuyer is, is a company that will offer to buy your property very quickly, all cash, with an online offer, sight unseen. Think Zillow Offers, Redfin Now, Offerpad, Opendoor. These are all iBuyers.
Now why do they do this? Why do iBuyers offer to buy your home sight unseen, all cash? Well, it’s because their model is based on providing you as a seller all the convenience, compared to the traditional models. That way, you can sell very quickly and they claim that it’s almost hassle-free. There is a risk with this model that they need to bear and account for. iBuyers are volume based companies, buying a lot of homes and they’re buying them all cash, but they’re also making their profit up front. They’re not making the profit when they resell the house later on with a markup. Making a profit up-front at the time they purchase the home means that for you as a seller will be netting much less for your home compared to the traditional model. Research shows that we’re talking up to 15% less.
So if you’re a seller who desperately needs the cash, you’re moving out of state, out of country, you absolutely need to move and you cannot wait the 30-45 days or however long it may take on the open market, then you may really be considering an iBuyer’s offer. But again, you need to understand that that convenience absolutely comes at a cost. Take this example provided by Fidelity Title:
What this shows is that the net difference between using a Realtor in a traditional open market model vs an iBuyer is $93,217 for a home that it worth $680,000. That is how much less you walk away with as a seller in exchange for a quick close. Therefore, it’s very important to understand the cost of that convenience and remember as well that if what you’re looking for is a quick all cash offer, a good established Realtor will have partnerships with local investors who will offer all cash and no contingencies for your home as well to make it hassle free. So don’t forget that option, and make sure that you’re doing your homework and you’re thinking of all the possible scenarios in order to make the best decision for yourself when the time comes to sell your home.
About the author: Caroline Abkar is an established San Diego Realtor and Bay Park resident who is absolutely passionate about the community as well as representing her clients in selling and acquiring the biggest investment of their lives. She will go above and beyond for those who place their trust in her. You can contact her anytime at 619-808-4804.
By Caroline Abkar, Realtor – 9/23/2019
Buyers always ask me: when is the best time to buy a house? Turns out, realtor.com crunched numbers to figure out exactly when the best time to buy a house for 2019 is and it is… right now, right this week!
Statistics show that there will be north of 26% less competition for buyers out there with many families having already settled in time for back to school. In addition, homes that did not sell over the summer are seeing increased market days which in turn equates to motivated sellers. There is also some new fall inventory hitting the market as we speak, with sellers wanting to close their transaction before the end of 2019. Realtor.com projects a 6% increase in inventory starting this week. Throw in the low interest rates, and it’s the perfect home buying environment out there.
I am sharing my top 5 tips on to get that deal. It’s all in my quick video!
About the author: Caroline Abkar is an established Realtor and Bay Park resident who is absolutely passionate about the community as well as representing her clients in selling and acquiring the biggest investment of their lives. She will go above and beyond for those who place their trust in her. You can contact her anytime at 619-808-4804.
By Caroline Abkar, 3/25/2019
Caffe Vicino is a little gem of a coffee shop in Bay Park, San Diego and I had the pleasure of chatting with owner Marina Mathias!
Watch this short interview to learn about where their coffee comes from, their various menu options, and the fidelity card!