How Do I Find the Right House among the Choices

Buyer's Market -- Excellent Values
San Diego real estate has made a dramatic move toward a buyer's maket because buyers now have more houses and condos to choose from, loans are still at historic lows (although up some from a year ago), and sellers who need to sell.

The County has over 22,000 units for sale. That compares to 4000 just a couple of years back. Also, fewer are going into escrow (offers are made and accepted) than a year ago.

The net of those two trends is that buyers have more to choose from.

A good agent (he said humbly) can save TIME, MONEY, and HASSELS in this market.

Should I Wait to Buy?

Frankly, you should place your personal needs and dreams ahead of trying to time the market. Would a new home improve your home life? Make you feel better? Help you feel settled? Or raise so much fear that you couldn't be happy? There is a lot more to owning a home than buying at the lowest price.

The questions "Should we buy now? Why not wait for prices to fall?" are legitimate. The main consideration in buying is whether or not you intend to stay 5 years or more. If you will be in your new home for any length of time, then trying to time the market is almost irrelevant since the overall trend in San Diego real estate is toward growth.

Short term -- a year or so -- prices can go down or up a modest amount.

But long term -- they have been going up for nearly a 100 years!ALSO, consider that if interest rates increase, you will actually pay more IN THE LONG RUN.



Call me to talk about your dreams: 619-337-3119