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Winning Multiple Offer Listings

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 Buy-Home-San-Diego1-450x300 Winning Multiple Offer Listingsimportance 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.

Buy-Home-San-Diego1-450x300 Winning Multiple Offer ListingsIt 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.

 

Your Checklist Before You Buy Your Next Home

The time has come and you are ready to buy, but before you start searching for your next home review this checklist. This list helps you prepare your budget in advance and guide you to financial success in the future and buy homes San Diego for you.

  1. Reduce Debt & Increase Credit Score: Before you start looking for your next home you should request
    a credit report. This will give you a starting point on understanding your credit score before you request a loan. Your credit score will influence the interest rate of your loan.
  2. Save Money to Set Yourself Up for a Large Down Payment: While it is possible to buy homes San Diego for you a home-buying-checklist-the-ultimate-to-do-list-450x300 Your Checklist Before You Buy Your Next Homewithout a 20% down payment it’s best to get as close as possible. This will allow you to have a smaller mortgage rate, Avoid PMI, and receive a better rate. If you do not have a 20% down payment you may qualify for a VA or FHA loan.
  3. Keep a Conservative Budget: It’s just not the list price that is included in the purchase. Keep in mind there are inspection fees, earnest fees, moving expenses, and typically new furniture purchases that you should prepare for in advance. Along with the initial moving expenses, you should also be aware of your monthly budget moving forward. With homeownership comes property taxes, HOAs, home repairs, and more. You want to make sure you are prepared for future budgeting as well.
  4. Get Preapproved: Your preapproval can help if you are putting in an offer against someone who is not…makes you look like a more ready now buyer. Your preapproval is based on your actual income, debt, and credit history. This is different from prequalification, which is how a lender determines how much you can afford.
  5. Set Your Home Buying Budget: By getting your finances in line before your first home home-buying-checklist-the-ultimate-to-do-list-450x300 Your Checklist Before You Buy Your Next Homeshowing you know the price range of a home that you can actually afford. It is important to set a realistic budget that fits your income level and characteristics you want in a home.
  6. Find an Agent You Trust: An agent will be able to guide you along the way and educate you n the home buying process. Also, keep in mind an agent usually is very well connected to the other professional you will need before closing day.

As you begin the process to buy homes San Diego for You so you should find your next home checking these items off your list will provide you with a more successful home buying experience. Our team is here to help you! Let us know the area and/or neighborhood you are looking to live along with your top needs our team of professionals will assist with finding your next home.