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Tips When Looking to Buy a House in San Diego

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Situated on the coast of the Pacific Ocean, immediately adjacent to the border with Mexico, San Diego is the oldest town in California, having been founded in 1769. Well known as a popular tourist destination due to its year-round sunshine, warm climate and close proximity to the many attractions and activities, San Diego is also a fantastic place to live and work with a diverse job market, strong communities and more amenities than you can shake a stick at!

If you are considering buying a property in San Diego, you certainly aren’t alone. But with property being one of the biggest investments of your life, you will certainly want to ensure that you choose the right property in the right area. To help you to make the best choices possible, here are our top tips when looking to buy a house in San Diego.

Get pre-qualified for your mortgage

If you are using a mortgage to finance your property, then one of the best things you can do is to get pre-qualified. Demand for property in San Diego can be high and desirable properties can sell extremely quickly. If you want your offer to be taken seriously, you should have a pre-qualification letter from your lender, so the seller’s realtor knows you are in a strong buying position.

The California Residential Purchase Agreement requires the buyer to provide a Conditional Loan Approval from the lender based on a loan application and Tri-merge Credit Report within 7 days of the Seller’s Acceptance (unless specified differently in the purchase agreement).

Choose a great realtor

Many people think that they can get a great deal on a property without hiring a realtor, but the fact of the matter is that a great realtor does so much more than just complete your final negotiation. You don’t need to know everything there is about buying a home if you hire a realtor, which is a definite bonus if this is your first step on to the property ladder. Hiring a realtor gives you advantages including:

  • Neighborhood knowledge
  • Guidance on prices and offers
  • Information on current market conditions
  • Helping you get the right paperwork in order
  • Negotiate you the best deal and ensure you don’t pay over the odds
  • Work on your behalf and with your best interests in mind

However, rather than choose a realtor blindly, check out their reviews online and ask around for recommendations. Then meet them in person before signing anything. No-one wants a realtor who looks good on paper, but has a poor communication style, or who you simply don’t feel at ease with.

Choose your location carefully

San Diego is a diverse city with many different neighborhoods, cultures, ‘looks’ and amenities. Again, this is where our realtor becomes worth his or her weight in gold, as they will have first-hand knowledge of the areas you are considering and will be able to determine which are the best fits for your needs. You should be completely honest in voicing your list of priorities to our realtor. Divide them into ‘dealbreakers’ and ‘negotiables’ so that your agent knows best what to focus on. For example, you may be determined to be in a specific school district, or within close proximity to a hospital because you have medical needs.

When it comes to choosing a location, you should give our realtor as much information as possible as this will help you to find the right property in the right area, rather than waste time viewing homes that don’t meet your criteria.

Buy off-season

It is generally accepted that there are definitive peaks and troughs in the real estate market. As the winter months and holidays roll around, the market almost always tends to slow down as people are saving their cash for the expense of the season, and if they are relocating from colder climes, may be trying to avoid moving in bad weather.

As a general rule, sellers are much more prepared to negotiate during the off-season, and you may find that you can avoid the competition and craziness of the spring market.

If you are looking to relocate to San Diego, we would be delighted to answer your questions and help you find the perfect property. Please give our offices a call today and let’s get you one step closer to finding your dream San Diego home.