Buying a San Diego Home

The process of home buying can be overwhelming and, somewhat chaotic. The better prepared you are about the process, the less stressful it will be.
Today's market has opportunities around every corner.
Whether your a first time buyer taking advantage of the k tax credit, or seasoned investor taking advantage of the down market. My goal is simple, to arm you with the knowledge and information to help you make an intelligent and informed decision. If you are interested in buying a home...Remember knowledge of today's market means everything. And I am just a click, or a phone call away.

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Home buyer's tax credit extended for Military!

Important News!

Effective for all sales contracts dated on or after February 1, 2010.

Certain property may be resold and financed using FHA insured financing without waiting 90 days.

FHA has temporarily waived the 90 day wait period, on certain transactions. These recently purchased homes may be sold and financed with FHA insurance.

Private sellers and investors are now eligible to take advantage of this waiver.
These transactions must be arms-length, with no identity of interest between the buyer and the seller or other parties participating in the sales transaction.
In cases where the sales price is 20% or greater than the seller’s acquisition, the lender must justify the increase in value with supporting documentation of renovation, repair and rehabilitation work.
If no such work was performed the appraiser must provide an appropriate explanation of the increase in property value since the prior title transfer.
The lender must order a property inspection and provide that report to the home buyer. Buyer’s may be charged for the cost of this inspection.

There is much more detail to this wavier and if you have transactions meeting this guideline you are advised to read the waiver in its entirety here: http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf

Call Ray Miranda for further details (619)846-4492

Testimonials

My Commitment to You

In the least amount of time possible, I will get you the best price on a home that is perfectly suited to your needs and lifestyle, not just today, but for years to come.

The Best Service, The Best Results

Choosing a real estate agent who has the tools, skills and experience to make your dreams come true can be as challenging as the home buying process itself. Let me make it simple for you.

Did you know?

Good communication is the cornerstone of any successful relationship. You can count on me to provide you with the information you need on a schedule and in a manner that suits you best..

Ready to shop for a home? 10 Question for a Home I nspector:

Extended tax credit Reaching an agreement

Making an offer! What has to happen after we agree?

Tips for Hiring a Contractor

When to buy? How do I know when the market has bounced back?

Ah, this is the wise old questions, on many minds! Reality is, no one knows! What we do know is... Real Estate a cycle and as history has shown us throughout the years, it will bounce back!
So the question is... not when it will bounce back, but when?
Here are some key events to watch for... when the cycle starts to turn.

The rise in new home construction & their sales, sellers receiving multiple offers on properties, market time (amount of time property is available) is less than 30 days, and inventory starting to decline.

Hummm, sound familiar? Noticing a few of these events now!

New home construction and their sales have increased in recent months. They had been at the lowest selling level they've ever been in 50 years! however we will most likely continue to experience more inventory among short sales & Bank Owned property over the next year. Our depressed market is not completely out of the woods yet, but a turning point is inevitable... as we are felt and will most likely continue to feel the upsurge.
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So, forget about trying to time the market...for you may let this opportunity of home ownership slip away!

Contact me anytime, for future guidance or help with any Real Estate needs!
Brenda Miranda
619-846-9088
brenda@sellmesandiego.com

"Multiple offers". Some of you may have already experienced this. When a property receives multiple offers, as we've seen lately.. this drives the prices of the property up ( in most cases). 1st time buyers are flocking to taking advantage of the current market, and the k tax credit. With affordable prices, (many which we haven't seen in a decade), and interest rates still at an all time low. It's no wonder there are hundreads of buyers activily looking for a place to call their own.

If a property is marketed at a competitive price, they are in escrow within the first 15 days or less. This is why, if your an active buyer it's so imprtant to stay up to date on today's listing. With 5,10, even 15 offers being presented on properties these days, time is of the essence. Mutiple offers (in most cases) will drive the price of the property over listed price. So, it's imperative you work with an experience, aggresive Realtor that can offer you up-to-date listings, and quickly submit those offers for you.

If a property has been on the market for over 90 days, you will see some great price reductions. So, keep your eyes on the prize, or someone will swoop in to close the deal from under you.

Yes, inventory has decrease....