Ready to Buy a Downtown San Diego Condo?

July 2nd, 2015

Have you spent years renting homes or apartments and have grown tired of paying all that rent money to someone else? If so, then it might be your time to consider purchasing a home in Downtown San Diego, and keeping that cash for yourself. However, you do need to ensure that you are prepared on more than one level before jumping into the equity market. There are many financial considerations to make note of before you start looking for a home. But, if you can arrange your finances into a sensible plan and secure a mortgage then this can ultimately be the most rewarding purchase you have ever made or will make.

Finance plays a huge role in the decision to purchase your first home. This is to be expected as if you are purchasing your first home you will not likely have a few hundred thousand dollars sitting around and will have to find a mortgage of some sort. You should really make sure that you are prepared for the application for a mortgage as it will involve a thorough investigation of your past credit history. If there are any issues that you know of with your credit then you should take care of them before you apply for the mortgage. Sometimes this is a simple case of oversight, some things have been taken care of and not recorded as such, and sometimes there can be some debts that you will need to see to. Once these are taken care of, be sure to get a letter of release that you can show to the mortgage broker or company if necessary. If there are no issues with your credit then that will only make the process easier.

There is no stronger tool in the home buying process than having all your financing in line before you start shopping. This is a great attraction for sellers as they want their homes to sell quickly and without incident or trouble in the money phase, a buyer with ready-to-go financing’s offers will hold greater favor with almost any seller. If you are mindful of these things then when the time comes to make your offer, the whole affair will go much more smoothly and you will be able to dedicate your time to what is important. How to decorate your new home.

The Latest Headlines

Little Italy San Diego Market Updates

Little Italy – Market Updates With views of the San Diego Bay, old-world restaurants, charming shops and parks, downtown San Diego’s Little Italy has a small town feel in an opportune urban......

read more

Fahrenheit San Diego Market Updates

Fahrenheit – Market Updates Perched artistically at the corner of Tenth Avenue and Island Avenue, Fahrenheit is more than a place to live, it has been constructed as an architectural experience. Only......

read more

Park Blvd East/West San Diego Market Updates

Park Blvd East – Market Updates Park Boulevard East, located on the southeast corner of Park Boulevard and Island Avenue, features a great location in the center of the East Village and......

read more

The Metropolitan San Diego Market Updates

The Met – Market Updates The Metropolitan is a one of a kind community in Downtown San Diego. The units are artfully designed private urban residences located atop the Omni San Diego......

read more

The Legend San Diego Market Updates

The Legend – Market Updates The Legend offers a lifestyle like no other in downtown San Diego. Spacious interiors, city and ballpark views, and contemporary features and finishes accent the quality and......

read more

Top 5 Resale Agents in 92101

The 2012 results for the Top 5 Resale Agents of Downtown San Diego, zip code 92101, had Gregg and Debbie Neuman of Neuman & Neuman leading. The Real Estate team was number......

read more

Downtown San Diego July 2014 Events

San Diego County Fair Through July 6 The Fab Fair is celebrating the 50th anniversary of The Beatles’ first visit to the United States, sparking the British Invasion in music and pop......

read more

Downtown San Diego April 2014 Events

Taste of Leucadia Apr. 3 Join the Community in celebrating the culinary flavors and local libations that make our Leucadia Main Street district so unique. Highlights our local restaurants, retailers, craft brewers......

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

Trellis San Diego Market Updates

Trellis – Market Updates Trellis is a 11-story, 149-unit condominium development located on the northeast corner of Fifth Avenue and K Street in Downtown’s dynamic Gaslamp Quarter. Amenities include a common entertainment......

read more

Get Listings and Articles Delivered Straight to your inbox

  • This field is for validation purposes and should be left unchanged.