San Diego, California remains one of the world’s most popular destinations not just attracting tourists but those who want to make it their new home but what should you know before you buy into San Diego real estate?
While mortgage interest rates are low and discounts are incredibly attractive it is important to understand how the process can be different from what you are used to and get to know some of the terms you will come across.
You will certainly find many agents and sellers lining up to sell you their San Diego real estate but instead of running off the plane with a check in your hand it may be smart to rent for a month or two while you get to know the different parts of San Diego and how they differ.
Consider what is most important to you in the long run. SeaWorld is cool but being just a few minutes away probably isn’t necessary unless you will really be going every weekend. Check out schools, offices if you’ll need one and check the difference in pace of life and what you’ll get for your money in different zip codes.
Foreclosures may still be hitting the San Diego real estate market but you should give serious thought to whether you really want to be dealing with the complexities of home renovations from abroad while your home is being fixed up or if you are better off cutting out the stress and buying a property which has already been renovated.
Don’t automatically rule out financing either. It is true that there are bidding wars going on and cash may be required to get the home you love the most but it you require something a little bigger than your cash on hand will allow there are sources for obtaining low loan-to-value mortgages for buying San Diego real estate.
