Decide to Buy Purchasing a property is most likely the biggest financial decision you will ever make. Whether this is your first purchase or you are an experienced buyer, this decision must be made carefully. As a buyer in the San Diego area real estate market, you’ll want to know the process for purchasing a home. Why do you want to buy? Have you outgrown your current home? Are you looking for an investment property? Are you changing areas or moving from out of state? We can help you develop your must have list, so when we find you your home, you’ll be happy there for years to come. Income Property Owning real estate in San Diego is one of the least risky investments in your future you can make. San Diego is one of the top destinations in the world. Let us help you invest in the right property for your investment needs. Get Prepared Before you start shopping, these suggestions can help you qualify for the home of your dreams. Build Your Green File This file contains all of the documents and important financial statements your lender may require for you to secure financing. If you do not yet have a lender, we specialize in helping you get these things in order and can refer a lender that’s right for your circumstances.
Recent Pay Stubs
Copies of leases for investment properties
401K statements, Life insurance, stocks, bonds, and mutual account information.
Check your credit rating Your credit score will have a huge impact on what type of property you can buy, and at what price. Your lender will research your credit ratings from the top three credit reporting agencies and fit you into the appropriate loan package for your dream home. We are happy to refer top, knowledgeable lender in the residential, construction, and commercial and investment real estate fields. Go Shopping Once we have secured financing, have a budget, your “must have list “ and your “would like to have list”, it’s time to so shopping. Go for a drive Drive around your desired neighborhood, subdivisions and areas that interest you. If schools are important, visit the surrounding neighborhoods to the schools you want your children to attend, get a sense of the types of homes available in your desired areas. Shorten your List Narrow your options down by focusing on the neighbors you most want to buy in, and that provides you with the most of your “Must have list”. We will then make appointments for you to see the homes, and walk through them to make sue that fit your needs, and are a good investment. Time To Buy Once you have the right property in your sites, it’s very important to have an experienced agent help you prepare the offer. A good agent will know how to investigate potential costs and expenses associated with the new property, and can help you draft your offer in a way that gives you an advantage over other offers. San Diego’s home market will always be a competitive environment, and a savvy experience agent can drive results.
Download the free guide on the Mills Act and Historic Properties in San Diego now, and learn all about the process and what you should be looking for. You’ll also be added to our monthly newsletter detailing Historical Homes, architecture and San Diego culture and art events for free!