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Downtown San Diego is in the heart of the city, but this doesn’t mean everything is made out of concrete and metal. San Diego is known for having beautiful green spaces where residents can relax and enjoy the wonderful weather of Southern California. There are plenty of great parks to choose from, but these five Continue…
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As of March 2019, the downtown San Diego condo market was still trying to adjust to ongoing economic conditions. Sales activity has come down by a couple of notches, but prices have bounced back from slightly lower levels in January. Real estate analysts believe prospective condo buyers are still very interested in the downtown districts, Continue…
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Calling a plumber can be a costly decision, especially when the problem is somewhat minor, such as a leaking pipe under your sink or a showerhead with low water pressure. You can save yourself money and become handier around your downtown San Diego condo by tackling the following simple plumbing repairs yourself. Running Toilet A Continue…
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When you receive offers on your home, it helps to understand where your buyer is coming from to better negotiate the terms of the sale. Not all buyers are the same, and they may have very different needs and goals. While some buyers may be more open to negotiating on the sales price or contingencies, Continue…
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A real estate transaction usually comes with several standard contingencies, such as the buyer’s ability to have the home inspected and a contingency that the home is appraised for at least the purchase amount. While these contingencies are normal, there’s one contingency home sellers should consider carefully: an offer contingent on the sale of the Continue…
While a home appraisal is typically done after an offer on a home is accepted, there can be real benefits to having an appraisal done before listing your home for sale. An appraisal is meant to determine a home’s fair market value by considering the home’s condition, size, location, and features in comparison to recently Continue…
When people make offers on homes, including houses, condos, and downtown San Diego lofts, they generally need to make earnest money deposits to start the process. An earnest money deposit demonstrates you’re committed to the purchase as a serious homebuyer, and the money will go into an escrow account until closing, at which point it’s Continue…
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When shopping for a condo for sale in downtown San Diego, fixed-rate mortgages are often one of the best options. This type of mortgage has a fixed interest rate throughout the entire period of the loan, so it’s a little different from variable and adjustable mortgages. Though qualifying for a fixed-rate mortgage can be a Continue…
Bidding wars are typically associated with housing market conditions featuring high buyer demand and not enough available properties, but there are other situations in which listings may attract multiple bidders. When you combine economic growth with quality of life and attractive real estate, available listings can easily turn into everyone’s idea of dream homes, and Continue…
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Downtown San Diego real estate is often marketed to single professionals with plenty of disposable income looking for boutique condominium towers and upscale amenities, but the reality of this housing market is that it also attracts many young families with children. High quality of life can be found across all districts of downtown San Diego, Continue…
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With San Diego’s softening housing market and greater motivation among sellers in 2019, prospective buyers, including self-employed individuals, are more likely to find good deals on listed condo properties. Even with the reduced prices on downtown San Diego condos for sale, most condo purchases still require mortgage financing, which is handled differently when borrowers are Continue…
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The taxation landscape of the United States has changed in recent years, and not necessarily in favor of homeowners. President Donald Trump had tax reform in mind when he took office in 2017. Although he had the full support of a Republican majority in Congress, he was only able to advance some of his lofty Continue…
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Over the last couple of years, many prospective buyers of condos in downtown San Diego came up short of sitting down at the closing table because the sellers’ market lasted longer than expected. In 2019, things are looking better for house hunters. According to a late January report published by the National Association of Realtors, Continue…
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For military veterans looking for penthouses, condos, or lofts in downtown San Diego, a VA home loan is often considered the best mortgage program available. It offers features that are difficult or even impossible to find with other mortgage options, including 100 percent financing, no requirement for private mortgage insurance, and a higher allowable debt-to-income Continue…
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Because the value of real estate is closely tied to overall economic conditions, housing markets are prone to fluctuations. In the case of downtown San Diego real estate, a market dominated by condominiums, lofts, and penthouses, conditions have been favoring sellers for a few years, but certain trends are tilting the scales to the benefit Continue…
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Loans made through the Federal Housing Administration (FHA) program were subject to political wrangling and news media scrutiny last year, particularly as they apply to attached properties such as condominium units, lofts, and homes that have been converted into multifamily dwellings. In 2018, the National Association of Realtors (NAR) lobbied Congress to put pressure on Continue…
When you first start looking into financing a real estate purchase, you’ll quickly learn your credit score makes a huge difference. This three-digit number is essentially a calculation of how likely you are to repay a loan. Even if you’ve never checked your score before, it still exists and can either help or harm you Continue…
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In late 2018, the National Association of Realtors cited statistics suggesting the direction the downtown San Diego condo market could take in 2019. The seller’s market conditions of last year will likely soften because various factors will come into play, and the most important is home affordability, which is expected to stabilize listing prices. With Continue…
For most of 2018, the San Diego housing market was ruled by condo sales in the various downtown districts. Real estate analysts believe San Diego condo mania will subside a little in 2019 thanks to price stabilization and an overall maturation of condominium projects completed in recent years. Nonetheless, the prospects for bidding wars and Continue…
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For the most part, 2018 was a bonanza for sellers of downtown San Diego condos. Strong demand continued through November, and prices experienced steady growth until September. Market analysts expect healthy demand to continue in 2019, albeit at more reasonable prices and with not as many bidding wars. The current forecast is for the sellers’ Continue…