Condos, Lofts and Penthouses for Sale
Whether you’re planning to flip a home or just want a vacation house, buying a second home is a big commitment. A second home can be an excellent place to relax or a great way to make a profit as long as you’re prepared for all the challenges. Before you start looking for a second Continue…
Buying a fixer-upper can be a great way to get a condo in your desired location without having to spend more than your budget. However, many buyers underestimate the difficulties involved with purchasing a fixer-upper. If you’re planning on buying a condo that still needs a little work, these tips can help you navigate the Continue…
With market conditions clearly favoring condo sellers in downtown San Diego, getting an offer accepted can be a cause for celebration, particularly when the listings are often subject to bidding wars. The first step: don’t take the acceptance for granted. There’s always a chance the seller may want to introduce certain conditions, which is why Continue…
For some homebuyers, the best part of a real estate transaction is getting to the closing table. For others, it’s touring and viewing properties. Walking through a listed property is a visceral experience that many buyers find the most enjoyable aspect of the home-buying process. It’s the moment when prospective buyers start to trust their Continue…
There are various ways to acquire real estate, and some tend to be more complex than others. If you’re interested in buying a condo in downtown San Diego and selling your existing home at the same time, your situation will fall into the “more complex” category. You’ll need to plan strategically because you’ll have to Continue…
Whether you’ve been living with a disability for a while or are still getting used to your new lifestyle, finding a nice place to live in downtown San Diego won’t be as challenging compared to other American housing markets. San Diego is a progressive city that embraces equality and promotes independence for all residents. Moreover, Continue…
Buying San Diego real estate downtown can be a complicated process, especially if you need to apply for a mortgage. Having as much information about the process of applying for a loan can help you make appropriate decisions. When applying for a mortgage, here are some do’s and don’ts to keep in mind. Do: Get Continue…
By Mike in Home Buying Tips with 0 Comments
When buying downtown San Diego real estate for sale, you’ll need to find a reputable mortgage lender who can assist you with getting financing. Before you settle on a specific lender, you need to meet with the lender and talk a little about your options. Instead of getting a mortgage broker who rushes you through Continue…
People who are thinking about buying downtown San Diego condos often start by shopping around online. This can be a good starting point, but keep in mind settling on a condo without visiting it in person can lead to some issues. There are many parts of buying real estate you can only do when you Continue…
In May 2018, the San Diego Union-Tribune reported that median home prices had once again posted month-over-month increases, a trend that has been largely driven by sales of condo units and lofts in the downtown districts of San Diego. Market conditions continue to favor sellers as multiple bids have become common. While the median price Continue…
By Mike in Home Buying Tips with 0 Comments
Real estate and mortgage fraud were two factors that contributed significantly to the demise of the American housing market a decade ago, and these unethical practices became more commonplace in the most active regional markets. Even though regulation and oversight have largely improved the real estate markets, scammers are always on the lookout for opportunities Continue…
When the American real estate market went through a bonanza in the early part of the century, condominium buyers faced more difficulties in terms of financing compared to those who were purchasing single-family homes, which mortgage lenders considered “low-hanging fruit.” Tight underwriting guidelines and high closing costs were common prior to 2008. After the housing Continue…
With the San Diego condominium market currently at its hottest level, many of the listings prospective buyers can expect to run into are probably being offered by condo flippers. Cable television networks like TLC and HGTV are once again getting good ratings from shows such as Flip This House and Trading Spaces, which means hopeful Continue…
A lot of people who are interested in buying a home start to worry about their finances after hearing they need to provide a 20 percent down payment on the property. However, it is often possible to purchase a loft, penthouse, or condo in downtown San Diego without a massive down payment. Though 20 percent Continue…
The current flow of supply and demand in the downtown San Diego real estate market makes vertical development a necessity. Whenever regional economies go through prolonged periods of prosperity, sellers’ markets ensue and demand for brand new construction increases. In the case of downtown San Diego, building new condominium towers is a sensible housing solution for Continue…
By Mike in Home Buying Tips with 0 Comments
The home buying process can be exhausting. If a buyer is “in escrow,” it means the weeks of visiting potential properties and making offers is almost over. Once the transaction is finalized, buyers officially become homeowners. However, escrow doesn’t mean the process is over, and it’s important to be careful. Here are a few things Continue…
Homebuyers are always encouraged to make a home inspection a condition of a purchase offer. While home inspections are advertised as a way to detect issues with major house systems like the foundation and roof, this doesn’t mean inspections aren’t relevant for condo buyers. Just as with single-family homes, condos for sale in 92101 can Continue…
In recent years, downtown San Diego condos for sale have become the jewels of the local housing market, which has been enjoying very healthy demand since March 2017. For the New Year, real estate analysts predict seller’s market conditions will prevail during the first quarter and prospective buyers will likely continue to explore condo listings Continue…
By Mike in Home Buying Tips with 0 Comments
Deciding whether to purchase a condo or a loft is a choice many potential homebuyers face. If you’re not sure which living space is more suitable for you or your family, considering the differences each option offers may make it easier to determine whether a condo or loft is the right choice for you. Exterior Continue…