If you’re thinking about buying a newly built home in 2017, I’ve got some great tips to buy home to share with you that will help make sure you are making a sound investment and not being taken advantage of.
The first tip is the most important, and that’s to get your own agent as representation. You wouldn’t walk into a car dealership and ask for the sticker price, right? It’s the same type of scenario. The agent you meet at the home works for the builder and is looking out for their best interest.
You need a professional on your side who will do the same. They will be able to read through the fine print of the contract, alert you to any potential mishaps, and make sure you get a great deal.
Research the builder and their subcontractors.
The next tip I have is to compare lenders. The builder and their agent will try to get you to work with their lender by offering you money off the purchase price or toward closing costs, but they don’t tell you about the hidden fees they’ll hit you with and the true cost of the loan. This is another thing a professional can help you with. They have done the homework and will be able to tell whether you are getting a good deal or not.
Finally, research the builder. Research their subcontractors if they have any, too. See what people have to say about their homes online, whether it’s good or bad. This is just another way to inform yourself so you’ll be protected when making such a large investment.
If you have any questions for us at all, don’t hesitate to give us a call or send us an email. We would love to hear from you. These are the 3 three tips to buy home for new home buyers in 2017.
You might remember when I made an appearance on “The American Dream” recently. I’m excited to tell you that they had me back along with my friend Andy to talk about how we help members of the military who are the first-time homebuyers and want a new home in San Diego
We help a lot of first-time homebuyers who come from the armed services, and I’m glad we got to address it in this appearance.
We also talked a little bit about the state of the San Diego market and the low inventory we’re seeing.
Check out the video above to see our appearance!
If you have any questions for me about the San Diego market, don’t hesitate to give me a call or send me an email. I’d be glad to help you.
Prices for homes have increased dramatically; 6.7% year over year, in fact. The year over year inventory levels of available homes is also 22.7% from this time last year, which has contributed to increasing prices. What’s going on in the San Diego market?
We’re also seeing a lot of multiple offer situations for homes. In fact, we recently saw a home receive 12 offers in a couple days. This trend could continue with inventory remaining low.
We’ve definitely seen adjustments in the way people make offers on a home.
Even when appraisers come in and knock down the agreed upon price, we’re still seeing buyers come up with the different in cash to move forward on a deal. They don’t want to have to go back to the market and compete again, and this is also driving prices up. When someone pays in cash above the appraisal price, it counts as a comparable sale in the area, causing prices to increase in the neighborhood.
If you’re selling your home in this market, it’s a home run. If you’re looking to sell your house later this year, look to spring and summer when you’ll have the most activity. You have a huge opportunity to receive multiple offers and sell above your list price. The important thing to keep in mind is to hire the right real estate agent. It could be the difference in how many offers you receive and finding the perfect buyer.
If you have any other questions about the San Diego market or you’re thinking of buying or selling a home, give me a call or send me an email. I look forward to talking to you soon!
I’m excited to share my recent appearance on “The American Dream” with you today!
You can see the entire segment in the video above.
I got to start by sharing my story about how I was born just outside of Washington D.C. and worked there on the East Coast before the market downturn. That’s when I moved out to the West Coast and started my family and planted roots.
We also discussed the particular areas that my team operates in, like Rancho Bernardo, which is a family lifestyle area and has a great school system that’s one of the best in the country for Buying Homes. However, it can get difficult. In certain pockets of San Diego, areas with great school systems can have prices that are too high, especially for first-time homebuyers. Rancho Bernardo has a good mix. You can get a condo in the mid to upper $300,000 range or go all the way up to homes priced $1 million or more.
We also discussed the La Mesa area. It’s got the Village, so there are a lot of entertainment options for adults for buying home at reasonable rates, but it’s similar to Rancho Bernardo in that it has great schools and is centrally located. As host Craig Sewing brought up, La Mesa Boulevard has a great small-town feel to it.
Then, we talked a bit about the Chula Vista market, which is an area where we’re seeing a lot of military clientèle want to move to for the Coronado base. VA benefits are great options for veterans looking to buy housing in this area. There are a lot of benefits that many veterans don’t even know about and we love helping them take advantage of them.
Thanks for watching my appearance on “The American Dream!” If you have any questions for me about selling or buying home in the San Diego area, don’t hesitate to give me a call or send me an email. I’d love to help you out.
The San Diego real estate market is as hot as ever. Those who are trying to buy home San Diego for themselves will quickly realize how common it is to be competing with dozens of buyers for the same home. In order to seal the deal, you need to make your offer stand out. Otherwise, it is very possible your dream home will slip through your hands right before your eyes.
In this video blog, I share four of my best tips for helping you put together an offer that will grab the attention of the sellers in a multiple-offer situation. Here’s a bit of a teaser of what you’ll learn in this video.
1: Have a great lender working for you. Other people have probably told you about the importance of having a rock star real estate agent, but who you choose for a lender matters just as much.
2: Find a lender before you even start your home search.
3: Get to know this lender well. Tell them about you’re your San Diego area dream home looks like, what you’re interested in buying.
4: Then send them all of the relevant paperwork to get you pre-qualified for a loan. This helps you understand how much you can realistically afford before heading out to tour properties.
It also shows the sellers that you’re serious about buying their San Diego home. It also gives you a competitive advantage if you already know what the terms of your loan will look like, such as what interest rate the bank is willing to give you. The pre-qualification will also give the sellers an idea of how much you plan to put down as a down payment, which reduces some of the lending uncertainty down the road which can happen if you’re not putting down at least 20% or if you plan to use a federal or first-time homebuyer program. There’s nothing worse than getting too far down with a home purchase only to have your deal fall through because you couldn’t get the financing you needed!
If you’re trying to buy home San Diego for you, you need to have a rock solid offer. To learn all four of my tips for winning a bidding war on a San Diego property
If you’re buying a San Diego home, you may find yourself competing against other offers. What can you do to make your offer stand out and win your dream home? Today, I have four tips to help you to buy home San Diego for you do just that. The first step is to work with a great lender; they can contact the listing agent personally and vouch for you as a buyer. To learn all four tips for winning a bidding war on a home, watch this short video.