Ready to take the plunge into the San Diego real estate market? Here are a few ways to do it well. For more info, contact me via email or at (619) 209-9953.
1. Get Ready. Talk to your mortgage professional about your financial situation and credit history to determine your loan options. It's important to know how much house you can afford based on your down payment and income. A strong letter of pre-approval can really add to your bargaining power.
2. Contact your REALTOR® (like me!) via email or (619) 209-9953.
Discuss your needs and preferences and establish the best method for me to send listings and communicate with you about available properties. Tap into my knowledge of the San Diego market.
When it comes time to act, I will represent your best interests at all times, negotiate the best deal possible for you, and work tirelessly to ensure a smooth transaction for you throughout the home buying process.
3. Shop Smart. Expect to pay more for a showplace; if you considering a fixer-upper, judge structural deficiencies more harshly than cosmetic flaws. It can be costly to replace major components or to change the layout, but redecorating with flooring, fixtures or paint is relatively easy and sometimes offers instant equity potential.
4. Location is key. There is a reason people use the adage "location, location, location". Even if the site seems perfect for you at the present time, think about whether it will still appeal to a large pool of buyers when/if you decide to sell in the future.
5. Go For It! To write a winning offer without overpaying, I will provide you with the prices for recent comparable sales in the immediate area. Consider whether the property is in a high-demand neighborhood or if you are up against some strong competition for the property. We will find out why it is for sale and if the seller seems motivated. If you are able to accommodate some of the seller's preferred terms such as the closing date or need for the sellers to stay in the property for a few days after the closing, he or she may be more flexible with the price.
6. Do Your Due Diligence. This is a crucial piece to the process, and I cannot stress enough the importance of making sure you are comfortable with the property's condition by having the property inspected and alleviate any concerns you may have. Schedule a home inspection after the seller accepts your offer. Many sellers expect to address issues related to safety or building codes, and additional repairs (or a credit) may be negotiated if there are other deficiencies with the property. Make sure all of your questions or concerns regarding the home's condition are answered through the inspection process.
*Also: If you must sell your current home to afford a new one, consider putting it on the market before starting your search. You may be negotiate a better deal on a purchase if your property is under contract, or you already have the cash in hand from the sale of your property.
Contact me to discuss your real estate plans today via email or (619) 209-9953.
krista bell, REALTOR®
(619) 209 9953
* Sources: Smart Money Magazine and the National Association of REALTORS