Attention San Diego Military! What a great time to buy Real Estate!
For those of you who would like to purchase a home or condo in San Diego, this is as probably as good of time as there has been.
1) The prices have adjusted back to the same prices they were about 6 years ago.
2) the interest rate for a 30 year fixed VA loan is approx. 5%. It's about the lowest rates have been in 40 years!
This is a lethal combination as buying power is strong.
Fortunately, San Diego is one of the most sought after areas to purchase real estate in the country. Because of this we tend to rebound faster than most areas.
Historically prices go up considerably in value here because of this high demand. Because of this, this is a great time to lock in your interest rate and payment and purchase a property. Once the market is back humming again you will be glad that you own (instead of renting or living in housing). Besides the usual large number of renters that do come out of the woodwork when the market is humming, investors come out and buy in large numbers.
What does this mean to you? Escalating prices due to high demand. That's the advantage of owning real estate in an area such as San Diego. It is not unusual to be sitting on 6 figure equity appreciation in 5-7 years time. How much equity is there in renting? None.
Most real estate agents don't do a lot of VA business. Because of this the military and their families are short changed. Most listing agents don't offer VA terms on their listed properties. Why is this? Their perception isthat it is more expensive to have their seller sell under VA terms and that it is more difficult to get approval. The reality is that this is a false perception that is perpetuated by lack of knowledge.
It is actually easier for a buyer under VA financing to obtain a home loan than most other programs.
The reality of this just has not caught up with the industry in general. I work with many clients with numerous credit situations and their own unique needs. The VA is very fair in their credit requirements. Credit can be repaired. I have excellent VA Loan contacts who will give my clients a FREE credit report and advice to help position them for VA home loan approval. There is no better loan available anywhere other than the VA loan! To search ALL MLS homes for sale in San Diego Visit www.SanDiegoVAHomes.com.
My appoach is to treat my clients the way I would want to be treated. And to represent my clients the way I would like to be represented. For this reason I am able to negotiate great properties and great terms for my clients. Feel free to contact me with any questions that you may have. I am here to serve your needs.
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