Condos, Lofts and Penthouses for Sale
By blog578 in Home Buying Tips with 0 Comments
If you’re thinking about buying a home, it can be helpful to understand just how long the process will take, as this will allow you to plan accordingly and start the buying process at the right time. Though the average time is a few months, each case is different. Follow this timeline to see how Continue…
By Mike in Home Buying Tips with 0 Comments
When evaluating the downtown San Diego housing market, you may notice most of your options are condominiums, penthouses, and lofts. Moreover, you’ll likely see many of the listings you come across are either brand-new or just a few years old. Older condos do come on the market from time to time, and they’re often priced Continue…
As a home buyer, making a contingent offer is a smart move. With this type of bid, your purchase hinges on having certain conditions met. If they aren’t fulfilled, you can cancel a sales contract without legal repercussions. Below are the most common contingencies added to home purchase agreements. If you’re looking at penthouses, condos, Continue…
By Mike in Home Buying Tips with 0 Comments
Lofts are an increasingly popular type of urban home known for having higher ceilings and unusual layouts and being located in up-and-coming neighborhoods. Though there are many great things about loft living, it’s not for everyone. Here are a few ways to tell if you’re ready to start looking at downtown San Diego lofts. You’re Continue…
When you’re ready to buy your first home, it can be easy to get carried away by the excitement and forget about not only your budget but also your short-term and long-term needs. As you make the transition from renter to owner, a condo can be a perfect way to own your own place and Continue…
By Mike in Home Buying Tips with 0 Comments
During the second quarter of 2019, the San Diego real estate market showed signs of greater stability. While the number of available listings was still below buyers’ expectations, sellers became more motivated in terms of price negotiations. In downtown San Diego, sales of condominium units and lofts were brisk thanks to strong demand stimulated by Continue…
A home inspection is an important step of the condo-buying process, one that shouldn’t be overlooked. In some cases, mortgage lenders make property inspections part of the conditions to be satisfied before closing. If this isn’t the case with your pending transaction, you should insist on it even if you end up paying for it Continue…
By Mike in Home Buying Tips with 0 Comments
After a few months of diminished real estate sales activity and slightly lower property values in 2019, the San Diego housing market is once again heating up and tilting the scale in favor of sellers. According to a report published by the Greater San Diego Association of Realtors in late May, median prices have recovered Continue…
When it comes to buying homes, negotiating is one of the most frequently misunderstood aspects. It’s possible to save thousands of dollars by taking the time to negotiate, but doing it incorrectly could end up costing you more money than it saves. There are a few negotiating tactics that can even kill a sale. Whether Continue…
By Mike in Home Buying Tips with 0 Comments
The real estate market is fairly stable, but this doesn’t mean everything always stays exactly the same. A lot of the tried-and-true home buying advice you may hear from people is no longer reliable. When you’re trying to buy a home, you should probably ignore these outdated pieces of advice people might recommend. Your Offer Continue…
By Mike in Home Buying Tips with 0 Comments
After years of strong sales and price appreciation, prospective buyers of condos for sale in downtown San Diego are beginning to see signs of price stabilization. Significant discounts have been spotted in the North Park and Bankers Hill districts, which suggests lower selling prices could trickle south to the downtown condo towers and lofts in Continue…
When shopping for condos for sale in downtown San Diego, you’ll quickly find that amenities can make or break a complex. The amenities a condo complex offers greatly influence what your life will be like in the building, so it’s important to decide if something like a pool is right for your needs. Before you Continue…
When most people consider condo living, they imagine it being the ideal situation for young professionals or retired couples. However, condos aren’t just suitable for singles and smaller families. They can also be a great option for parents and children because they’re often in good locations and are quite budget friendly. Since condo living is Continue…
When people make offers on homes, including houses, condos, and downtown San Diego lofts, they generally need to make earnest money deposits to start the process. An earnest money deposit demonstrates you’re committed to the purchase as a serious homebuyer, and the money will go into an escrow account until closing, at which point it’s Continue…
Bidding wars are typically associated with housing market conditions featuring high buyer demand and not enough available properties, but there are other situations in which listings may attract multiple bidders. When you combine economic growth with quality of life and attractive real estate, available listings can easily turn into everyone’s idea of dream homes, and Continue…
With San Diego’s softening housing market and greater motivation among sellers in 2019, prospective buyers, including self-employed individuals, are more likely to find good deals on listed condo properties. Even with the reduced prices on downtown San Diego condos for sale, most condo purchases still require mortgage financing, which is handled differently when borrowers are Continue…
By Mike in Home Buying Tips with 0 Comments
Because the value of real estate is closely tied to overall economic conditions, housing markets are prone to fluctuations. In the case of downtown San Diego real estate, a market dominated by condominiums, lofts, and penthouses, conditions have been favoring sellers for a few years, but certain trends are tilting the scales to the benefit Continue…
For most of 2018, the San Diego housing market was ruled by condo sales in the various downtown districts. Real estate analysts believe San Diego condo mania will subside a little in 2019 thanks to price stabilization and an overall maturation of condominium projects completed in recent years. Nonetheless, the prospects for bidding wars and Continue…
By Mike in Home Buying Tips with 0 Comments
For the most part, 2018 was a bonanza for sellers of downtown San Diego condos. Strong demand continued through November, and prices experienced steady growth until September. Market analysts expect healthy demand to continue in 2019, albeit at more reasonable prices and with not as many bidding wars. The current forecast is for the sellers’ Continue…
For many people, a penthouse is the ultimate symbol of status and luxury. However, this also means purchasing one is a significant commitment to make. To make sure you’re ready to own a penthouse, ask yourself these eight important questions. 1. Is Luxury Important to Me? There’s no sense in paying a premium if you Continue…