Knowing what you want in a house will enable your Realtor to help you find a neighborhood that suits your lifestyle. Buying a home in San Diego from across the country can be scary. But, if you are teamed up with a great Realtor and have created a list of what’s important to you, it is possible. Do you like yoga? You might want to live near a park or in a neighborhood with a few yoga studios. If you work remotely from your computer, a place with plenty of coffee shops gives you plenty of options to operate your business. If nightlife is your thing, a place like North Park will be right up your alley with tons of restaurants and bars. Whether or not you have children, the proximity to good schools will affect the resale value of homes in some neighborhoods. So, when buying a home in San Diego, make sure that you have a sharp agent aware of this.
The Lifestyle in San Diego is different than in other parts of the country. Have you experienced year-round outdoor living before? If you’re moving from New England, as an example, the house prices will seem high, based on the value and square footage that you are accustomed to. That’s because in Connecticut, for example, you have to be inside your house for the whole winter.
Here in San Diego, you can sit in the sun and relax in your garden on a January morning. “But I Love the Skiing,” you say. Not to worry! Bear Mountain is less than a three-hour drive from San Diego, and there are several more nearby. Wouldn’t you love to be able to have fun in the snow and have a short drive back to the year-round sunshine? You don’t have to worry about digging your car out of the snow before work the next morning.
With a lot of cash buyers present, the San Diego market is quite rapid and competitive. If you are buying a home in San Diego, you’ll have to be comfortable with making an offer on a property the first day you see it. That might seem extreme, but it’s the nature of the current market. You’ll see homes for sale that come and go off the market quickly. If you take too long to think about it, you’ll miss out on many great properties. Knowing what you want will give you the confidence you need to move with the fast-paced market that we are experiencing. This leads us to our next key aspect of buying a home in San Diego from across the Country.
Find the Right Real Estate Agent
If you are buying a home in San Diego, you’ll want a local Realtor who’s an expert in the neighborhoods you’re looking at. If you don’t know what neighborhood you want, a good Real Estate Agent will help you with this based on your interests. With this being said, good communication is key.
Depending on whether you are buying a property to invest in or to move for work or retirement, your search for a house will be very different. You’ll want a Realtor that has experience with the type of property you are searching for. If you’re looking at an investment property, find a Realtor that owns investment properties themselves. They will have better insight than a Real Estate Agent that has never purchased an investment property before, or any house at all. They will be able to point out important things to look for and consider and things to be aware of.
Is Your Realtor Tech Savvy?
Today’s technology makes it easy for a tech-savvy Real Estate Agent to use several tools to convey a property accurately from wherever you are. Video walkthroughs, 3D rotating cameras, and video calls can accurately convey much more than still photos.
Make sure your Realtor is familiar with these tools. Also, make sure that you’ll feel confident buying a house that you’ve never physically been inside of. Even though you will see walking video tours, it is still slightly different from being at the property in person. If you are comfortable with this, then you’ll be swinging in your hammock on your back porch in no time. You will be thinking about all those times you were jumping over puddles of ice water on your way to work.
Get Your Ducks in a Row and Pre-Approved
As previously mentioned, it’s a high-speed Real Estate market that we are experiencing. Have patience; you could lose out on a property you like if you’re not 100% ready to go. Have your ducks in a row before you start your home search. One thing to keep in mind is to make sure no obstacles are holding you back.
You’ll need to be pre-approved for a loan, and not just with any lender. An experienced Realtor will have many great referrals for you if you don’t already have someone you are working with. You may have a local Lender where you currently live. Speak to your Realtor about this. We find that working with a local lender near the home you are trying to buy typically works best. They know the timeframes and things to look out for that are not always the same in other parts of the Country. If you think of buying an investment property and not planning to live in it, you will need to get approved for a loan as a non-occupied-owner-investor. Typically, this type of loan requires that you put down at least twenty-five percent when buying a home. On the other hand, if it is not an investment property that you are looking for, but instead, you are planning on moving into the home, you’ll be able to look into an FHA loan. With this type of government loan, you only have to put as low as 3.5 percent, whether it’s a single-family house or a duplex/multi-unit house.
Buying And Selling A Home
You may currently own a home you would need to sell before buying a home in San Diego. Before a homeowner considers accepting your offer and taking their home off the market, they would want to see that your present home is under contract. This can all be very stressful. You may not feel 100% comfortable buying a home without seeing it in person. If so, another option will be to plan on moving to San Diego first. Renting an apartment or home for a couple of months or even a year might make you feel more at ease. There are a lot of short-term rentals available if you decide that this would work better for you. Yearly rentals are available, but they are also competitive. If you find one that you think you want, you will have to move quickly.
For more information on buying a home in San Diego, contact the McT Real Estate Group.