Braceland Homes Inc. is an Escondido, CA real estate brokerage founded in 2018 by retired US Navy officer Erik Braceland (DRE 02059069). Erik launched his second career after several underwhelming experiences with REALTORS® he worked with to buy and sell his own investment properties while serving on active duty. His systems, processes, and strategies positively impact the way homes are sold, and the systematic trademarked approach he embraces, guarantees his clients' satisfaction and success.
Meet Jake! He's a hard-working militarily service member, that worked with Erik Braceland and Braceland Homes to quickly and easily locate and buy a home in San Diego California for a great deal. Hear about his family's home purchase experience and what they really liked about working with Erik and the team at Braceland Homes.
Call or Text 619-947-3560 If You Are Looking:
• To Buy or Sell a Home in the Greater San Diego Area
• For Expert Property Management in Escondido California
• To Get Connected to a GREAT Real Estate Agent in Your Area
• To Learn more about information in this video
• To Collaborate on a project together
Erik Braceland 619-947-3560
San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker
🏡💰 Did you know real estate commissions are negotiable? But there's more to it than meets the eye! Discover why paying a standard commission might save you more in the long run. 📈✨ Watch to learn the secrets of maximizing your home's sale price and how to save on taxes!
Contact Me If You Are Looking:
• To Buy or Sell a Home in the Greater San Diego Area
• For Expert Property Management in Escondido California
• To Get Connected to a GREAT Real Estate Agent in Your Area
• To Learn more about information in this video
• To Collaborate on a project together
Erik Braceland 619-947-3560
San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker
Selling a home isn’t cheap. The good news here is that all these closing costs are paid out of your proceeds at the close of sale, so you won’t have to pay any of this out of pocket unless you owe more on your mortgage than your home is worth.
Let’s quickly look at what all the different closing costs are. Then go into a little more detail on what is involved with each of these costs, and finally show you an example of what this all looks like in dollars and cents.
Here in California, we have six categories of home seller closing costs:
1.Real estate commissions
2.Escrow fees
3.Title insurance
4.County transfer taxes
5.City transfer taxes
6.Miscellaneous items
A good real estate agent should be able to provide you with a single page document called a Seller Settlement Estimate or Net Sheet, that lists these closing costs out in detail for your individual home.
•Real estate commissions
oSales commissions on a home sale are completely negotiable by law but will typically end up costing you between five and six percent of the home’s sale price. Unfortunately, paying less than five or six percent may lead to you sacrificing service, experience, and ultimately a higher sales price for your home. This commission is split between your listing agent and the buyer’s agent. While this can be a substantial sum, it can be helpful to keep in mind that this fee is fully tax deductible, which will offset your capital gain and save you on your tax bill.
•Escrow fees
oNot all states use escrow companies, but we do here in California. Escrow is a neutral third party that works for both the home buyer and seller. They receive, hold, and disperse all the various money and documents involved in a real estate sales transaction at the appropriate time. Who pays these fees can vary from county to county, but in San Diego and most of Southern California, the buyer and seller split these 50/50. In northern California one side typically pays all the escrow fees, but this is also completely negotiable.
•Title insurance
oTitle insurance protects the home buyer, and their lender if they are financing the home, from clouds on the title to the home. These clouds could potentially include liens for unpaid seller debts, unrecorded deeds to the property, unpaid property taxes, unrecorded easements, and a whole host of other challenges to the buyers claim to their new property. There are often two title insurance policies involved in a real estate sales transaction, one covering the buyer and another for the lender. The buyer should pay for the lender’s policy. The seller often covers the owner policy, although this is, like everything else...negotiable.
•County and City transfer taxes
oYour local governments want a piece of the action whenever real estate changes ownership. That’s what these county and city transfer taxes are. Sellers will often be on the hook for both, but not all cities in California charge a transfer tax.
•Miscellaneous items
oThese miscellaneous fees can include things such as recording fees, notary fees, HOA fees, transaction fees, and reports and inspections that weren’t already paid up front.
most of these closing costs are negotiable to some extent, and I used nice, neat, round numbers for a tidy example because I like to keep things clean and easy to understand. But as you can see here, your closing costs, as a home seller in California, will run you about seven percent of the home’s sale price.
Contact Me If You Are Looking:
• To Buy or Sell a Home in the Greater San Diego Area
• For Expert Property Management in Escondido California
• To Get Connected to a GREAT Real Estate Agent in Your Area
• To Learn more about information in this video
• To Collaborate on a project together
Erik Braceland 619-947-3560
San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker
Want to live in one of the top beach towns in the U.S.? Did you know that Carlsbad and Encinitas have just been ranked among the Top 10 Best U.S. Beach Towns by Travel and Leisure Magazine? That’s right, two of the top spots are right here in North County San Diego! Call or text me to discover why Carlsbad and Encinitas California are ranked among the top beach towns in America and learn how you can make
one of these coastal paradises your new home! 🌊🏡
Call or Text 619-947-3560 If You Are Looking:
• To Buy or Sell a Home in the Greater San Diego Area
• For Expert Property Management in Escondido California
• To Get Connected to a GREAT Real Estate Agent in Your Area
• To Learn more about information in this video
• To Collaborate on a project together
Erik Braceland 619-947-3560
San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker
Are you ready to buy a home but struggling with the 20% down payment? Let’s talk about Private Mortgage Insurance, or PMI.
PMI is an extra insurance policy required by lenders for conventional home loans if your down payment is less than 20%. You pay the premiums, and it protects the lender if you default on your loan.
The cost of PMI typically ranges from one half to 1% of the loan amount annually. For example, on a $800,000 loan, you could pay between $4,000 and $8,000 per year for private mortgage insurance.
You can avoid PMI by putting down 20%...but if that’s not possible, don't worry. PMI payments can be removed once you build up 20% equity in your home.
Other ways to avoid or reduce PMI include piggyback loans or opting for a government-guaranteed VA loan, if you are eligible.
While PMI is an additional cost, it can help you get into your dream home sooner because you don’t have to save up for the full 20% down payment on your new home.
Contact Me If You Are Looking:
• To Buy or Sell a Home in the Greater San Diego Area
• For Expert Property Management in Escondido California
• To Get Connected to a GREAT Real Estate Agent in Your Area
• To Learn more about information in this video
• To Collaborate on a project together
Erik Braceland 619-947-3560
San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker
Wondering how much you need for a down payment on your dream home in San Diego? 🏡 Discover the secrets to making homeownership a reality with less than you think! Watch now to learn about down payment options, how much you really need 🌟✨
Contact Me If You Are Looking:
• To Buy or Sell a Home in the Greater San Diego Area
• For Expert Property Management in Escondido California
• To Get Connected to a GREAT Real Estate Agent in Your Area
• To Learn more about information in this video
• To Collaborate on a project together
Erik Braceland 619-947-3560
San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker
When it comes to hidden gems in the California real estate market, Escondido is quickly rising to the top. Nestled in the North County region of San Diego, this vibrant city offers a unique blend of suburban tranquility and urban convenience, making it an attractive destination for homebuyers and investors alike. Let's dive into the current median home prices in Escondido and what makes this city such a hot spot in today's market.
Escondido: A City on the Rise
Escondido is not just about sunny days and picturesque landscapes; it’s about growth and opportunity. As of June 2024, the median home price in Escondido has soared to an impressive $850,000. This marks a significant increase from previous years, reflecting both the city’s growing popularity and the overall trends in the California housing market.
Why Escondido?
Several factors contribute to the rising home prices in Escondido. The city’s proximity to San Diego, coupled with its more affordable housing options compared to coastal areas, makes it a prime location for those seeking value without sacrificing convenience. Moreover, Escondido boasts excellent schools, a thriving arts scene, and numerous outdoor recreational opportunities, adding to its appeal for families and young professionals.
Market Dynamics and Buyer Behavior
The current median home price of $850,000 represents a blend of demand, limited inventory, and the broader economic environment. Buyers are increasingly looking for properties that offer space, amenities, and a sense of community—qualities that Escondido delivers in spades. The city’s diverse housing stock, ranging from unique historic homes built in the late 1800s to charming mid-century homes to modern new builds, caters to a wide array of preferences and budgets.
Investment Potential
For investors, Escondido presents a compelling case. The upward trajectory of home prices indicates a robust market with the potential for significant returns. As the city continues to develop and attract more residents, property values are expected to climb, making now an ideal time to invest.
Final Thoughts
Escondido’s real estate market is a testament to the city’s growing allure. With a median home price of $850,000, it’s clear that this North County gem is no longer under the radar. Whether you’re a first-time homebuyer, a seasoned investor, or someone looking to relocate, Escondido offers a unique blend of opportunity and lifestyle that’s hard to beat
Contact Me If You Are Looking:
• To Buy or Sell a Home in the Greater San Diego Area
• For Expert Property Management in Escondido California
• To Get Connected to a GREAT Real Estate Agent in Your Area
• To Learn more about information in this video
• To Collaborate on a project together
Erik Braceland 619-947-3560
San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker
Understanding Home Buyer Closing Costs: A Guide to Home Buyer Expenses – Part 4
If you're planning to buy a home in San Diego, California, it's crucial to understand all the expenses you'll encounter during the closing process. In this video, we break down the various closing costs you can expect, including lender fees, appraisal fees, title insurance, and more. Whether you're a first-time homebuyer or a seasoned property investor, this video will provide valuable insights to help you navigate the home buying process smoothly. Don't miss out on these essential tips to make your home buying journey in San Diego a success!
Don't forget to follow me for more valuable home buying tips and real estate insights!
Contact Me If You Are Looking:
• To Buy or Sell a Home in the Greater San Diego Area
• For Expert Property Management in Escondido California
• To Get Connected to a GREAT Real Estate Agent in Your Area
• To Learn more about information in this video
• To Collaborate on a project together
Erik Braceland 619-947-3560
San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker
Are you planning to buy or sell a home in San Diego, California? Understanding the costs associated with a home appraisal is crucial. In this video, we break down everything you need to know about home appraisal costs in America’s Finest City. Whether you're a first-time homebuyer, a seasoned investor, or looking to refinance, this guide will provide you with valuable insights. Don't miss out on this invaluable resource for anyone involved in the San Diego real estate scene!
Don't forget to follow me for more valuable home buying tips and real estate insights!
Contact Me If You Are Looking:
• To Buy or Sell a Home in the Greater San Diego Area
• For Expert Property Management in Escondido California
• To Get Connected to a GREAT Real Estate Agent in Your Area
• To Learn more about information in this video
• To Collaborate on a project together
Erik Braceland 619-947-3560
San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker
In this video, we break down the various expenses associated with home inspections, helping you understand what to expect and how to budget for this crucial step in the home buying process. Whether you're a first-time home buyer or an experienced investor, knowing the ins and outs of home inspection costs can save you time, money, and stress.
Contact Me If You Are Looking:
• To Buy or Sell a Home in the Greater San Diego Area
• For Expert Property Management in Escondido California
• To Get Connected to a GREAT Real Estate Agent in Your Area
• To Learn more about information in this video
• To Collaborate on a project together
Erik Braceland 619-947-3560
San Diego Real Estate Broker | San Diego Real Estate Agent | San Diego REALTOR | San Diego Mortgage Broker
