Buying a Home in San Diego – Info for San Diego Home Buyers
Info for Buyers
Information is Power! Many home buyers hesitate to start gathering information and building a relationship with a REALTOR® when they are in the preliminary stage (“just looking”) of buying a home. This can be a big mistake. The preliminary steps that you take at this stage will determine how successful your home buying mission will be. At HomeSniffer.com we assist San Diego home buyers in every stage of the purchase process, including the planning stage. We believe that this is a critical step that should be taken even if you are not buying a home right this moment, we have many clients who are any where from a week out to 18 months out.
Info for Buyers
Fixer Uppers There are many San Diego homes that are considered “fixer uppers” that can reduce your cost and allow you to build equity at a rapid pace. Buying a home that needs to be fixed up can be very rewarding both financially and personally if it is well planned out. Without the proper planning it can turn into your worst nightmare. Whether you are looking for a home that needs minor work that can be done as you go or you are looking for an investment that needs an intensive rework we have agents who specializing clients through both of these scenarios.
Mortgage Center Finding the right home loan is a crucial step in the home buying process. Without knowledgeable and ethical guidance you may wind up paying too much to get your loan, paying hundreds of dollars more each month or even worse end up in a position of foreclosure or rapidly increasing payments. We have partnered with LoanSniffer.com and Loan Link to provide our clients the very best in experienced, ethical loan officers who first priority is to get you the right San Diego home loan at the best price.
Buy a Home with No Money Down A common misconception is that you need a significant amount of cash to purchase a home. In some cases that may be true, but for most people buying San Diego Homes getting into a home with very little out of pocket expense is just a matter of selecting the right strategy. The most common out of pocket costs are the inspection of the home by a professional inspector (generally 300 – 500 dollars), the cost of an appraisal (usually about 400 dollars), and the earnest money deposit required to make an offer on a home (typically 1% of the purchase price) which depending on the terms of the contract can come back to the buyer at close of escrow.
Buy a Home with No Money Down
Government Programs There are many First Time Home Buyer Programs in San Diego. Programs differ depending on the community, but the the most relevant first time home buyer program (to qualify as a first time home buyer you cannot have owned a property in 3 years) at this time is the $8000 dollar tax credit being offered by the Federal Government to First Time Home Buyers in San Diego as part of the economic stimulus package . This federally funded program gives first time home buyers a tax credit of $8000 dollars with no repayment of the tax credit as long as you live in the house for three years. Part of getting a great deal on your home is getting a great loan and at HomeSniffer.com we will make sure that you are aware of all your options.
Home Search The HomeSniffer.com Home Search is a free service for our clients that provides the most comprehensive and up to date San Diego real estate research tools and data on the web. MySniffer allows you exclusive online access to homes and tools that are not available on most real estate websites. You can search, compare and schedule appointments to see the properties that meet your needs. You can search for homes and condos that only have the features you want by specifying zip code, price, size, bedrooms & bathrooms, and amenities. When you register for a MySniffer account you will have the option to receive via email the newest home listings in San Diego County, as well tracking any price reductions on your favorite properties.
New Construction New homes and condo conversions can be a great way to save money on the purchase of your home by taking advantage of builder incentives such as paid closing costs, rebates, and design upgrades. In addition you can save even more by using the HomeSniffer.com New Construction Rebate program.