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Savvy homeowners stay on top of the latest real estate news.

San Diego association of realtors recognition of excellence award

Award by SDAR and San Diego Union Tribune

Grateful to be Awarded with the Highest Level Award Recognized by SDAR. Thank you to my wonderful clients for entrusting me with your homes.

Ranked as America’s Best Real Estate Professionals – WSJ

Honored to be Ranked as Best Real Estate Professional for 2021 by The Wall Street Journal and Real Trends. Ranked by Sales Volume as Top 1% of 1.4 million Real Estate Professionals.

Power Player for 2021 – Modern Luxury Magazine

I am honored to be featured in Modern Luxury Magazine as a Power Player for 2021. Read the full article in the June 2021 issue!

berkshire hathaway recognizes tim van damm as top agent

"I'm humbled to achieve Berkshire Hathaway's Chairman’s Circle Diamond Award. To all of my clients, thank you for entrusting me to help you sell or buy your homes. I am deeply honored and grateful to be a part of such an important decision in your lives. To everyone else, I look forward to working with all of you to help you achieve your home goals". Tim Van Damm is a Luxury Real Estate Specialist with extensive experience in the luxury real estate market and construction. He is ranked as top 1/2 of 1% worldwide in real estate by Berkshire Hathaway. He is specialized in Rancho Santa Fe, Del Mar, La Jolla, The Crosby, and Santaluz.Call Tim for All of Your Real Estate Needs!(858) 663-0911 |...

With Mortgage Rates Climbing, Now’s the Time To Act

Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years. If you’re thinking about buying a home, this news may have come as a bit of a shock. But the truth is, it wasn’t entirely unexpected. Experts have been calling for rates to rise in their 2022 projections, and the forecast is now becoming a reality. Here’s a look at the projections from Freddie Mac for this year: Q1 2022: 3.4%Q2 2022: 3.5%Q3 2022: 3.6%Q4 2022: 3.7% As the numbers show, this jump in rates is in line with the expectations from Freddie Mac. And what they also indicate is that mortgage rates are projected to continue climbing throughout the...

If You Think the Housing Market Will Slow This Winter, Think Again.

From the opportunity to take advantage of today’s low mortgage rates to changing homeowner needs, Americans have more motivation than ever to buy a home. According to the experts, buyers are making moves right now, creating an unseasonably strong housing market for this time of year. As we wrap up the fall season and move into the winter months, here’s a look at what several industry leaders have to say about the continued momentum in the current market, and what it means as we head into the early part of next year. Lawrence Yun, Chief Economist, National Association of Realtors (NAR) “This solid buying is a testament to demand still being relatively high, as it is occurring during a time when inventory is still markedly low. The notable gain in October assures that total...

MORTGAGE RATES ARE STILL EXPECTED TO KEEP RISING

With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates above 3% really mean? Today’s Average Mortgage Rate Still Presents Buyers with a Great Opportunity Buyers don’t want mortgage rates to rise, as any upward movement increases your monthly mortgage payment. But it’s important to put today’s average mortgage rate into perspective. The graph below shows today’s rate in comparison to average rates over the last five years:As the graph shows, even though today’s rate is above 3%, it’s still incredibly competitive. But...

how Sellers Win when housing inventory is low

In today’s housing market, the number of homes for sale is much lower than the strong buyer demand. As a result, homeowners ready to sell have a significant advantage. Here are three ways today’s low inventory will set you up for a win when you sell this season. 1. Higher Prices With so many more buyers in the market than homes available for sale, homebuyers are frequently getting into bidding wars for the houses they want to purchase. According to the latest data from the National Association of Realtors (NAR), homes are receiving an average of 3.7 offers in today’s market. This buyer competition drives home prices up. As a seller, this certainly works to your advantage, potentially netting you more for your house when you close the deal. 2. Greater Return on Your Investment Rising...

Reasons You Should Consider Selling This Fall

If you’re trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers’ market we’re in today won’t last forever. If you’re thinking of making a move, here are four reasons to put your house up for sale sooner rather than later. 1. Your House Will Likely Sell Quickly According to the Realtors Confidence Index released by the National Association of Realtors (NAR), homes continue to sell quickly – on average, they’re selling in just 17 days. As a seller, that’s great news for you. Average days on market is a strong indicator of buyer demand. And if homes are selling quickly, buyers have to be more decisive and act fast to submit their offer before other buyers swoop in. 2. Buyers Are Willing To Compete for Your House In addition...