Home Buyer Update:  There has been a substantial decrease in average home prices over the past few months.  The price reductions have effectively increased interest in houses, condominiums, and investment properties throughout San Diego County.  Beginning in February 2008, the number of home buyer inquiries has increased dramatically compared to the four months prior.   Interest rates are down, and buyer incentives are up.  Have we hit the bottom of the market?  It seems that way.  Now is a great time to buy a home in San Diego.   

There are a two keys to success in this market.  First, market knowledge is a must.  As prices have fluctuated in some San Diego neighborhoods 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.

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. 

Request a free copy of our San Diego Realtor reports prepared by category: coastal properties, top school districts, luxury homes under $1Million, multiple-unit residential, distress sales and foreclosures; or by neighborhood, including: Downtown San Diego condominiums and townhouses, Del Mar/Solana Beach houses, Carmel Valley homes, Rancho Santa Fe estates.  These reports may also be tailored to your specific interests by our RE/MAX real estate professionals. 

Average home prices in San Diego are down as much as 25 to 30 percent in some areas.  Even upscale houses and luxury condominiums in beach communities like Del Mar, La Jolla, and Solana Beach have seen decreases, but not to the same extent as some other neighborhoods in South Bay and East County.  Demand has remained strong for the limited supply of large luxury homes and coastal properties, but market times have increased and there is room for negotiation with most home sellers.   

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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