A consumer thinking about buying a new house in these economic times would likely be told that it is a risky move. Right now many people looking at a home for sale are worried about getting their money’s worth. Nobody wants the worth of their home to drop no sooner than the ink is dry on the contract of sale. However, that being said, prices are lower in many places than they have been in recent years. A home that was recently out of price range may now be well within the affordable limits. Pricing is even more attractive in high end neibhorhoods. For instance new home buyers can find great deals on La Jolla Home, Carlsbad Homes, and San Diego Condos
When considering a home for sale today, be aware concessions between buyers and sellers have been easily negotiable as of late. Home buyers are finding that asking sellers for things such as closing costs, price reductions, home improvements and the like are working out in the buyer’s favor lately. Today many sellers are readily agreeable to such concessions because it has been so hard to sell homes in recent years. This is even truer when it comes to Carmel Valley homes for sale
Inventory that is available when it comes to looking for a home for sale is at a high point right now. This is specially true for San Diego homes. This high inventory coupled with the fact that many buyers are still being very cautious about buying a home after all the craziness in the market lately. Buyers that are in the market for specifics such as number of bedrooms, location or perks such as pools or park proximity are likely to find what they’re looking for because of this high rate of inventory. The inventory for existing home for sale is high, therefore making it a buyer’s market, but what about builders? Right now builders have also been affected negatively by the real estate market. This means that buyers may be able to have a new home built much cheaper than might have been possible before. Builders might also be open to more concessions or specifications than in previous years. Mortgage rates and perks at the bank are also on an upswing right now. This only bodes well for buyers eyeing a home, ready to make a deal.
With the lower prices, higher inventories, concession willingness on the part of home builders and sellers alike as well as better interest rates for mortgages, this is likely a better time to buy a home than it has been in a long time. By being educated and prepared, a home waiting right now could be signed, sealed and delivered in short order.
If you are in search of San Diego Homes and need a seasoned realtor, you can count on the services of Nick Alameddin a San Diego Realtor for up to date inventory and stellar market knowledge.