Here are a couple of the most important benefits of home ownership:
Growing equity – Homes appreciate about five percent a year on average, and recently in San Diego County, quite a bit more than the average. Appreciation helps the value of your investment.
How to determine your offer –
As you are thinking about your offer to purchase a home, look at the condition of the home, what other homes have sold for in that area recently, how many other people are making offers, and how much you want this particular property.
Factors which may affect price:
Circumstances of the sale – In a distressed property, the seller may be in a hurry or the property itself might need work.
Asking price – The asking price is a starting point, not necessarily where things will end up.
Condition of the property – There are three kinds of conditions – average, greatly improved, and in definite need of attention. These affect your offer price and terms.
Current market conditions – Comparable home sales, the local economy and other factors affect your offer.
Improvements to the property – If there are special additions and features which are attractive to you, this may justify a better offer.
Get your agent’s advice – Be sure to do a reality check with your agent as a test, and as a way to verify everything is ready.
Your offer should reflect enough “room” for negotiating a few thousand dollars if necessary.
Let us help you find that perfect home …
Finding the perfect home in San Diego County can be a daunting task, especially if you are unfamiliar with the nuances of each area. We understand that each family has unique requirements, and we are dedicated to helping your locate the best neighborhood and the best value for your lifestyle.