The next step in the home buying process is to have your buyers agent set up a custom search within your minimum and maximum price points, based on your Pre-Approval amount, and then begin to tour the homes which fit your needs, dreams, wish list items and affordability in desirable neighborhoods.
4. SUCCESSFULLY NAVIGATE THE ESCROW PROCESS, MOVE IN AND CELEBRATE!
One of the great things about buying a home in San Diego is that almost all of the real estate laws in California favor the home buyer. While it is very difficult for a home seller to back out of a transaction, home buyers are usually purchasing the property so long as their financing comes together as planned, the appraisal comes in at the purchase price, and they can have a physical inspection completed by a licensed reputable company that is satisfactory to them.
If any of these three contingencies are not completed to the home buyer's satisfaction within 10 ~ 17 days after escrow is opened, the terms of the sale can potentially be changed, or the buyer can simply have their deposit returned to them and move on to the next property.
In closing, San Diego real estate historically has gone up on average 4 ~ 5% per year, and despite the recent upswing in prices, if you look at where valuations are now, we are still below that 4 ~ 5% moving average over the last 10 year period.
If you intend to be a home owner in San Diego for several years and you are comfortable with what your total housing payment will be, it is the right time to sit down with an experienced and knowledgeable buyers agent who can assist you in making your real estate dreams a reality!
All of the best ~
Kevin Bowes Buyer Specialist Agent PACIFICAL REALTY GROUP 619.219.9090
Author:Kevin Bowes Phone: 619-219-9090 Dated: May 14th 2013 Views: 14,605 About Kevin: Kevin, a San Diego native, has been in the real estate industry since 2003. As a Buyer Specialist w...
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