Buying a San Diego Condo? The time is now!

April 18th, 2012

For those who want to purchase their own San Diego condos, either as their residence or as a means to create income, things are getting brighter these days. For one thing, mortgage rates are currently at its lowest in years, making condo properties more affordable to buy and own. However, people who are interested to buy San Diego condos might also be cautious about securing mortgage with low rates. San Diego lenders have strict loan requirements. These days, as long as borrowers have good credit scores and a permanent job, can actually result to have an attractive mortgage rate.

These days, there has been a major shift prevailing in the condo market trending in favor of buyers of San Diego condos. Most condominium properties in California are becoming more affordable with its low payments and installments. Condo owners are able to enjoy a lot more from their hard-earned money – wider, better-furnished condominiums for many, or even smaller amounts of payment for customers who are only willing to make moderate purchases.

When buying a San Diego condo for a family or to consider the property as a lucrative investment, caution is obviously advised. For would-be investors, the popular practice nowadays of flipping a condominium property must be done with much consideration, great attention, and some savvy as well. The current market might not be the perfect time for anyone to earn profits via a fast turnaround.

At any given time, real estate and condo investments are considered to be profitable endeavors. However, even during these good times, it is a must that people remember to do their homework. Potential buyers must take the time to hire a property agent. Certainly, purchasing a condo is one of the most important decisions that consumers can do in their lifetime.

Local condominium agents with years of experience targeted markets such as Downtown San Diego condos will be able to show buyers important comparisons. The best ones usually have an inside scoop on which properties have the most attractive, low prices to offer to prospective buyers. Indeed, when rates are at their all-time low and prices of condos have reached almost rock bottom, now is definitely the best time to buy.

The Latest Headlines

Columbia Place San Diego Market Updates

Columbia Place – Market Updates Columbia Place, located at 655 Columbia Street and 620 State Street is a 4-story, 103-unit development built in 1989 by the Great American Development Company. The smallest......

read more

Smart Corner San Diego Market Updates

Smart Corner – Market Updates Smart Corner is a mixed-use condominium and retail project located at Park Boulevard and C Street, in the Core District of Downtown San Diego. Completed in 2007,......

read more

Downtown San Diego July 2013 Events

July 3rd Celebration of City of Oceanside The Oceanside Chamber of Commerce is hosting an event complete with music, speeches, and cake at 11 a.m. at the Civic Center Plaza. At 9......

read more

Timing is great for buying San Diego Condos

It looks like everything is becoming brighter and more promising this coming year. This includes buying downtown San Diego condos. You already physically inspected your prospect units. You still gone through everything......

read more

Meridian San Diego Market Updates

Meridian – Market Updates The Meridian is a luxury residential condominium development that offers panoramic city, bay, and ocean views. Amenities at Meridian include 24-hour security, men’s and women’s health clubs, guest......

read more

CityFront Terrace San Diego Market Updates

CityFront Terrace – Market Updates CityFront Terrace is located at 500 West Harbor Drive in the Marina District. Built in 1993, CityFront offers 13 stories and over 300 residences, which include one,......

read more

Closing Costs Assocation with your Downtown San Diego Home Purchase

“Closing costs are often the last thing a person thinks of when buying a Condo. While closing is the joyous moment the downtown condo becomes yours, the costs can be surprisingly aggravating.......

read more

Downtown San Diego Home Selling Tips and Terms

Effective home selling in Downtown San Diego requires real estate know how. Here are some key terms that you should know: A 1031 Exchange is a tax aspect of the Internal Revenue......

read more

Investing in a Downtown San Diego Condo

Condo properties must surely be the investment of the future. Downtown San Diego Condo living is like having your own place but without the maintenance. It’s like swimming in the pool without......

read more

Metrome San Diego Market Updates

Metrome – Market Updates Metrome, an 8-story, 184-unit complex, is located on the north side of J Street between Eleventh Avenue and Park Boulevard. This East Village complex was built by Barratt......

read more

Get Listings and Articles Delivered Straight to your inbox