Home Buyer Update:  This is an unusual market.  Home prices have come down as much as 10 to 20% in some neighborhoods.  The thing that makes it unusual is that there aren't an extraordinary number of homes for sale right now.  So when we look at the supply and demand equation, there isn't any particular concern about a "housing market crash."  In fact, prices of many homes, including upscale houses and estates, have held steady or even increased over recent months.   

There are a two keys to success in this market.  First, market knowledge is a must.  As prices fluctuate in some San Diego more than others, a successful home buyer must know relative values.  Comparing the price of a house to the recent sales price of a few nearby homes is no longer sufficient.  Market knowledge could mean the difference between instant equity or instant decline of your investment.  The competent advice of a San Diego real estate professional is more important than ever.  And what they say is true... A good home buyer's agent saves you money when you buy a home in San Diego, and costs you nothing.

The second key to success in this market is dependable financing.  When the best real estate deals present themselves, the buyer must be ready, willing, and able to act.  For example, in distress sale situations like bank "short sales", REO's and foreclosures, when the bank gets around to accepting a buyer's offer, the buyer is often required to close escrow very quickly.  If the home mortgage loan isn't ready, the bank will accept a purchase offer from another buyer.

We're helping today's home buyers take advantage of all kinds of opportunities.  Contact the San Diego Real Estate Pros to receive information about bank foreclosures and ways to benefit from the real estate cycle.  We'll present you with lists of foreclosure properties and inside tips about motivated sellers and upcoming price reductions.

Many people had decided to wait for "prices to fall" before buying.  Now prices have come down and those people are ready to buy.  But ironically, now many people cannot buy the homes they were waiting for because mortgage loans have become more difficult to get.  The "zero down payment" loans that were so popular a few years ago are generally not available at all.  The traditional 10% to 20% down payment requirement is back, along with employment documentation requirements that make it very difficult for self-employed and recently-employed persons to qualify for loans, even if they have a sizable down payment.

As a home buyer, it has become more important than ever to have a qualified buyer's agent guide you through the process.  Our job as real estate consultants is to help you prepare for your purchase.  We help you identify financing options, then we put you in the best position to negotiate for the ideal house, condominium, or investment property.  We use our experience to negotiate on your behalf to strike the best deals, both in terms of price, concessions, and extras.  Without a competent professional on your side, you will not know how to avoid the pitfalls or how to take advantages of the most recent opportunities.  Call the experts, Geoffrey & Anne-Marie Schiering at (800) 955-6463. 

Average home prices in San Diego are down from a year earlier.  However, the market for upscale houses and luxury condominiums especially in the beach communities like Del Mar, La Jolla, and Solana Beach has continued to remain solid.  Demand has remained strong for the limited supply of large luxury homes and coastal properties.   

Before you sell a house in San Diego, get the facts:

Seller Alert:  The increased inventory has given home buyers more leeway to be selective.  Properties that are not properly prepared and marketed for sale are lingering and their owners are facing price reductions.  Call us at (800) 955-6463 to discuss strategies for selling property in San Diego.  We'll show you how to succeed in this competitive environment.  Our approach is a win-win situation for home sellers and buyers... GUARANTEED!!! 

Want to buy or sell a home in San Diego?  Call us now. We will answer the telephone personally, or return your call promptly. Toll Free (800) 955-6463.

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Geoffrey Schiering (J.D./M.B.A.) & Anne-Marie Schiering (M.B.A.) Re/Max Associates
4747 Morena Blvd., Suite 200  San Diego, CA 92117
Direct: (800) 955-6463  Fax: (858) 272-2450  E-mail: homes@sdrealtypros.com

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