Should You Buy a Home or Sell a Home in San Diego’s Hot Market?
Buying a Home or Selling a home in San Diego can be very emotional and stressful for the most part. This is mostly true for the traditional/conventional buyer or seller but not so much for the home investor. If you are an investor that keeps homes or one that buys a home, remodels it and turns around and sells it right away (known as a flipper), it is all about the numbers. If the numbers work, then you move forward. If they don’t, you move on to the next one.
For the average person Buying a Home it is more about loving the home you are getting ready to buy. It is also about the neighborhood, neighbors and the environment around you. Of course you also want to make sure that the home that you are ready to buy is also a good investment; however, it is more of a place to call home. You want to be able to see yourself living there in the next 5+ years or so.
Here in the North Park and South Park neighborhood of San Diego, we are still experiencing a very hot market and in many cases the homes we sell are receiving multiple offers and offers that are going over list price. If you are a seller, this is an amazing feeling and opportunity. On the other hand, if you are a homebuyer and have lost out on other homes because you were outbid, this can be very stressful and discouraging. To make this a little less stressful, it is imperative that you work with an experienced Mortgage Lender as well as a Realtor that is an expert in the neighborhood and with the complexities that come with getting your offer accepted. This person should be a strong negotiator your behalf, and making sure that you understand every step of the way so you can make the best-educated decisions throughout the process.
The same holds true with the Mortgage Lender that you choose to work with. It is usually best to go with a local lender that understands how Real Estate in Southern California works. This is not to say that you should not work with a lender that is in another part of the Country. We are just sharing our experience of the last 12 years. Things usually go a bit smoother when the lender is local.
If you are thinking of Buying a Home or selling a home in the North Park or South Park Communities of San Diego, give the McT Real Estate Group a call, text, or shoot us an email. We are here to help.