I am available by email, text or phone if you would like to ask more questions...without feeling pressured or committed.
Young couple, in all honesty I'd start out with something like a newer (10 to 15 years old) manufactured home in a resident owned development in a nice area of SD County. Your price point limits your options rather significantly.
A single family home at that price point isn't even available in the worst neighborhoods. If you're thinking condos or even town homes they've taken a real beating and I don't think anyone has the crystal ball that can predict when they'll come back. Additionally, you'll be sharing walls with people which I'm not particularly fond of albeit lot's of folks don't seem to mind it.
A late model MH in a resident owned "Family Community" is a plausible solution in that you would still own real estate, would have all the benefits therein and would have a little breathing room around you i.e. a yard, carport, maybe even a garage, a deck, patio and many other important creature features you wouldn't realize how much you missed in a condo environment.
Lastly, your budget is a very realistic and affordable fit for a MH. I'd be happy to show you some MH's anytime. Please feel free to call me at 760 815-6977 or email me at firstname.lastname@example.org.
You realilze you are asking REALTORS this question :) I would suggest you consult a mortgage broker or direct lender to first identify what you will be qualified for or if there are other things you need to do to prepare yourself for home ownership. Consulting a REALTOR is a good idea as well as they can inform you on what to expect in the process and what you can get for the amount you are qualified for. It won't cost you anything to have a consultation or a phone conversation. Good Luck!
Marcie Sands, REALTOR
SImply The Best Real Estate Co., Inc.
Here is what we can offer in plain and simple terms:
1. Talk to friend that have been first time home buyers in the past two years. The more recent the better.
2. Talk to some lenders, ask your friends for references. We suggest you talk to a national lender ( Wells Fargo, B of A or Chase) and a direct lender. They seem to be the best solution today as the whole process is done in house. If you e-mail us, we will send you a couple of names.
Best of luck,
Mark & Kari Shea
Shea Real Estate
Serving Greater San Diego
My advice to you is to talk to friends and family and get a referral to a knowledgeable Realtor that specializes in the area you want to buy in. After discussing your specific needs, a Realtor can refer you to the right lender. This is very important because banks are going thru many changes.. We work with many lenders and know who can get the job done. It does not cost you anything to speak to a Realtor. Buying a home is very challenging so you want to get the right answers to your questions. We are licenced thru the state of CA and some of us are certified in many areas. I have taught First time homebuyer classes and can answer all your questions. I would be happy to discuss your Real Estate needs and make a plan that meets your specific criteria.
Coldwell Banker West
Accredited Buyer Representative
Licensed Associate Broker
William Raveis Legends Realty Group
When purchasing a home one of the most important pieces is understanding your own personal finances. This is why we always recommend that people in your situation audit their monthly budget accounting for all income and expendatures. This will help with the next important step in the process....
Consulting a lender(s) is the next important step before actually beginning your home search. It's essential to find out if you can qualify for a loan and what the best programs and rates are for your buying needs. With these two steps out of the way, you should have a clear appreciation of the purchase price you can target and eventually the locations in which you can consider.
Hope this information is helpful.
In the end, I would for sure find an agent that is referred to you by someone you trust. Don't just sign up with the local agent with the most bus stop bench ads or the most open house signs on the street corner. The slickest marketers don't necessarily make the best consumer advocates and/or advisors.
DRE CA 01775528
-- First talk to a Loan Officer and get pre-qualified, and determine how much you can borrow? Down-payment amount? and your price range?
-- Start checking on neighborhoods: you may drive around and get a feel, see if you like it or whether it fits your life-style? Talk around with a few residents, and get some ideas from them; they may share pros & cons with you about the community.
-- Once you narrow down which communities or neighborhoods you want, then find a local Realtor that specialize in these areas, start your house search and visits, etc.
Cory La Scala, REALTOR