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Home Buying in 92027 : Real Estate Advice

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  • Local Info1
  • Home Buying6
  • Home Selling2
  • Market Conditions0

Activity 4
Thu Dec 17, 2015
Victory Property Management answered:
If you do not have much money coming in, how would you expect to make the mortgage payments, taxes, insurance and the like? A lender will not loan out money - no matter how much equity you have - if you cannot make the payments.

Perhaps you should purchase a home with a sales price of $300,000 (or less) and then once you are finished with school and have jobs, you can turn your $300,000 into a rental or sell it for a profit and invest in your $700,000 home.
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Sun Apr 13, 2014
John Arendsen answered:
Inasmuch as this question is over 2 years old me thinks Richard may have gotten a home by now or gave up looking for something at that price point.
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Sat Apr 12, 2014
Katy Schuster answered:
It is definitely a seller's market. With few homes in your price range and a lot of buyers, the homes that do come up go quickly - within one to two days. I am dealing with the same issues with three of my home buyers, not necessarily in Oceanside or Vista, but nearby in San Diego County.

Be prepared. When you see the home go on the market, make an offer - even if that is site unseen. On top of that, make a competitive offer, at or above asking. If you aren't already pre approved, contact a lender and do so. A seller often times won't consider an offer without an approval in hand.

Good luck and I wish you all the best.
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