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Sherry Chen | San Diego Real Estate Agent

San Diego Realtor specializing in ADUs

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Sherry Chen / March 29, 2021

How Rising Interest Rates Are Affecting Your Home Affordability

Since the pandemic began in March of 2020, the real estate market in San Diego has exploded. Due to record low inventory numbers coupled with record high …

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Multifamily-ADUs-San-Diego

Sherry Chen / December 2, 2020

The San Diego Investor’s Guide to Multifamily ADUs

As of 2020, the state of California released a new set of laws that now make it possible to add ADUs to multifamily properties. What does this mean for property …

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ADU-law-updates-in-San-Diego

Sherry Chen / November 11, 2020

5 New San Diego ADU Law Updates

It's now easier, more than ever before, to build an ADU in the City of San Diego. In a unanimous vote held by city council, new law updates have been passed to …

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Sherry Chen, Realtor

Kappel Realty Group

Compass

DRE #02109149

Resources:

ADU Regulations
ADU Designs and Ideas

Recent Blog Posts

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  • My Interview with Krystin Krebs Interiors

sherrychenrealty

✨ San Diego Realtor | Compass
🏘 ADU Specialist
🏆 SDAR Gold Award 2021
🎓 UCLA Alum
DRE 02109149
Kappel Realty Group

Sherry Chen
Honored to be part of @KappelRealtyGroup, named on Honored to be part of @KappelRealtyGroup, named one of the top teams in San Diego by the San Diego Business Journal @sdbusinessjournal! ⁠
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Thank you to each and every one of my clients for your trust in working with me and for your continued support and referrals. I am incredibly grateful for the opportunity to change lives through real estate!⁠
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Sherry Chen ⁠
Kappel Realty Group⁠
@Compass⁠
DRE 02109149⁠
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#sherrychenrealty #awardwinningagent #topagent #toprealtor #sandiegorealtor #sandiegorealestateagent #sandiegocompass
Here’s a sneak peak behind-the-scenes look at my Here’s a sneak peak behind-the-scenes look at my new video coming up with @snap.adu! I walk through one of my best client deal stories. Learn all about how to add an Accessory Dwelling Unit to a #multifamily property in #SanDiego!

Sherry Chen
@KappelRealtyGroup
@Compass
DRE 02109149
 
#accessorydwellingunit #adu #sandiegoadu #sandiegoaccessorydwellingunit #multifamilyinvesting #duplex #lindavista #sandiegorealestate #realestateinvestor #valueadd #sandiegocompass
Had an incredible time celebrating the end of the Had an incredible time celebrating the end of the year with my fellow @sandiegocompass agents! The beautiful @birchaquarium was truly a unique venue and my first time seeing a sea turtle up close and personal! 🐢 Cheers to a successful 2022 and a bright new year in 2023 🥂
JUST SOLD! Congratulations to my buyer, Emily, for JUST SOLD! Congratulations to my buyer, Emily, for closing on this beautiful 1BD condo in the heart of Little Italy! 

We were the first to see this unit and wrote a compelling offer right away, allowing us to open escrow before the property came on market. Because we moved so quickly, we secured this property for a deal priced well under market comps! 

What I love about this property:
✅ City views from the spacious outdoor balcony
✅ Spacious 1BD unit with over 760 sq ft
✅ High-end amenities including valet parking and rooftop pool
✅ 24 hour security
✅ Walkable to everything Little Italy has to offer

Emily is so excited to live the city life in downtown Little Italy! Due to the many developments happening in downtown San Diego, property values are expected to increase significantly over the next few years. Better yet, Emily will be able to enjoy high rental income whenever she decides to move in the future, while holding the property as a long-term investment. 

Congratulations again Emily on your amazing new home! 🙌 

Sherry Chen
DRE 02109149
Kappel Realty Group | Compass

#sherrychenrealty #littleitalysandiego #littleitaly #littleitalycondo #highrise #citylife #cityliving #downtownsandiego #downtownsandiegorealestate #agentsofcompass #sandiegocompass
JUST SOLD! Congratulations to yet another Bay Area JUST SOLD! Congratulations to yet another Bay Area buyer on the purchase of this gorgeous home in his hometown of Otay Mesa. ⁠
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My client is a Facebook employee who lived in San Jose for the last few years, and had always dreamed of eventually moving back home to be closer to family. ⁠
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As a #firsttimehomebuyer, his main concern was not having enough cash to put towards a down payment. I was able to introduce him to a lender who hooked him up with a CalHFA #downpaymentassistance program and we were able to finance this deal using a conventional loan 😎⁠
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There are a lot of MYTHS out there about down payment assistance that I'm ready to disspell! Despite having a high salary, my client was STILL able to receive down payment assistance from the government. ⁠
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What I love about this home:⁠
✅ 4 bedrooms so that my client can #househack and reduce his mortgage⁠
✅ Huge, spacious backyard with plenty of room for a detached #ADU⁠
✅ Completely renovated and turnkey, ready to move-in and rent from day 1⁠
✅ Perfect location for my buyer, located minutes away from his family⁠
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Do you want to get out of renting to buy your first home, but don't have the cash? You'd be surprised by how many down payment assistance programs (aka FREE MONEY from the government) there are that can help you buy that first home. ⁠
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Reach out to me at sherry.chen@compass.com to learn more! ⁠
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Sherry Chen ⁠
DRE 02109149⁠
@kappelrealtygroup | Compass⁠
Equal Housing Opportunity⁠
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#sherrychenrealty #theaduagent #otaymesa #otaymesarealestate #otaymesahomes #househacking #movingtosandiego #bayareatosandiego #homebuying #realestateinvesting
JUST SOLD! Congratulations to my buyers who are mo JUST SOLD! Congratulations to my buyers who are moving down from the Bay Area to live in sunny San Diego ☀️⁠
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My #firsttimehomebuyer clients were considering a move out of state, but knew deep down that they wanted to live the San Diego lifestyle. Luckily, we found this beautiful home located in the heart of La Mesa near top schools for their growing family. 👶⁠
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What I love about this home:⁠
✔️ Charming character⁠
✔️ Stellar location minutes from shopping, restaurants, and downtown La Mesa Village⁠
✔️ Huge backyard perfect for entertaining⁠
✔️ Gorgeous sparkling pool ⁠
✔️ Detached backyard bar area⁠
✔️ HUGE basement, perfect for a conversion into a home office/gym or...ADU (my favorite value-add!) 🏠️⁠
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We were able to work a seller credit into the offer price to buy down my buyers' interest rate via a 2-1 buydown which drastically reduces interest rate for the first 2 years of the loan. Thank you @jale12_lo_ with Cross Country Mortgage for yet another smooth transaction using this gamechanging program!⁠
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I can not wait for my clients to start their new chapter in San Diego. Over the last two years, I've helped many clients move from the Bay Area. With our perfect weather, easy lifestyle, beautiful beaches, and most importantly, more affordable homes, it's easy to see why so many people have migrated from the Bay down to SD. ⁠
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Sherry Chen ⁠
DRE 02109149⁠
@kappelrealtygroup | Compass⁠
Equal Fair Housing⁠
⁠
#theaduagent #sherrychenrealty #lamesavillage #lamesarealestate #lamesahomes #grossmontlamesa #movingtosandiego #accessorydwellingunit
Just Sold! Congratulations to my client for closin Just Sold! Congratulations to my client for closing on the best deal in #Poway, known for one of the top school districts in San Diego County. ⁠
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My client moved from the Bay Area and plans to #househack this 5 bedroom home and reduce his mortgage significantly. Here are a few highlights about this deal:⁠
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✅ Negotiated a $25,000 seller credit to buy down interest rate⁠
✅ Potential to convert living room addition into an ADU in the future⁠
✅ Beat out multiple offers⁠
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We strategized with @jale12_lo_ with Cross Country Mortgage to negotiate a sizable credit from the seller for a 2-1 buydown. This amazing program reduces my buyer's interest rate a full 2 points for the first year of his mortgage, and 1 point for his second year. By the end of 2 years, interest rates are expected to come down significantly which allows my client to refinance into a lower rate. ⁠
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Rising interest rates might sound scary, especially for #firsttimehomebuyers. However, the best time to buy is when everyone is scared, which creates the best opportunities to find hidden deals like this with little competition.⁠
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If you can afford the monthly payment, the time to buy is now before interest rates rise even more putting you at risk for being priced out of the market. By 2024, experts predict interest rates to drop down to the 4-5% range which creates the perfect opportunity to refinance. ⁠
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Want to learn more about how to take advantage of this transitioning market? Reach out to me today at sherry.chen@compass.com. ⁠
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Sherry Chen⁠
DRE 02109149⁠
Kappel Realty Group | Compass⁠
Equal Housing Opportunity⁠
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#theaduagent #sherrychenrealty #powayrealestate #powayhomes #househacking #investmentproperty #homebuying #realestateinvesting #interestrates #sandiegorealestate #compass
Instagram post 17857896950812750 Instagram post 17857896950812750
I am honored to be a winner of the Rising Star Awa I am honored to be a winner of the Rising Star Award selected by the California Association of Realtors! This award recognizes up-and-coming agents, highlighting elite, new talent entering the real estate industry. ⁠
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With just 2 years of real estate brokerage under my belt, I am humbled to be recognized as a winner. I could not have made it this far without the support and from my incredible team at @kappelrealtygroup and I am proud to represent @compass and with this award! A special thank you to my team leader Patrick Kappel for believing in me, a brand new agent with no experience in real estate, and bringing me on to join your team back in 2020 during the height of the pandemic. ⁠
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I won this award for my expertise in Accessory Dwelling Units and my passion in educating the public about the benefits of ADUs through public speaking engagements and webinars. I am passionate about helping homeowners invest in ADUs and build their wealth, while helping to address the state of California's housing shortage crisis. ⁠ 

I want to say THANK YOU to each and every one of my clients for trusting me as your real estate advisor. I could not have done this without your support! 
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And of course thank you @carealtors for choosing me as a Rising Star! ⁠
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Sherry Chen ⁠
Kappel Realty Group | Compass⁠
DRE 02109149⁠
Equal Fair Housing⁠
⁠
#sherrychenrealty #theaduagent #kappelrealtygroup #sandiegocompass #compass #sandiegorealestate #accessorydwellingunits #adu #californiaassociationofrealtors #risingstar #sandiegorealtor #sandiegorealestateagent #risingstar⁠
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Photo credit: @classiccommercial
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