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Home Buying in 92104 : Real Estate Advice

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  • Local Info4
  • Home Buying7
  • Home Selling6
  • Market Conditions1

Activity 5
Thu Apr 20, 2017
Amber.c.lin asked:
I'm thinking about buying a home in North Park, San Diego area, and I see that it's an older neighborhood with (lower voltage) overhead electrical lines. Would a neighbor's…
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Wed Dec 10, 2014
Randy Tanner & Lindsey Racher answered:
If this is something you are comfortable with then by all means. I would at least use an attorney though for legal purposes. You could also contact an agent just to help you with contracts and additional paperwork and charge them a fee. It could get messy later down the road without any help. ... more
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Tue Mar 4, 2014
JR Thrasher answered:
In 92104 I would assume that it is referring to a major highway. "Highway 15 Corridor" There are 67 homes for sale in 2104 right now. Everything from a Studio Condo for $170,000 to some amazing homes and multifamily properties up to about $900,000 and everything in between. To see what is available click the link in the web reference below.... J.R. Thrasher
www.SanDiegoRealEstateVeterans.com
(619) 929-0105
RealEstate@JRThrasher.com
... more
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Mon Aug 5, 2013
John Reeves Your Home Sold Guaranteed answered:
Hi Dorothy,

You'll find that the average price per square foot for homes in 92104 was $410 in the most recent quarter, which is higher than the average price per square foot for homes in San Diego. If you want to compare listings, check this: http://www.reefpointrealty.com/communities/san-diego

Let me know if you have questions, I'd love to hear from you

All the best,

John Reeves
http://www.reefpointrealty.com
858-521-9350
... more
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Tue Jul 17, 2012
Chris Gorno answered:
rssraj~

Option #1
You could purchase now, and stay within a price range that will ensure that you can capture the full PITI (principal, interest, taxes and insurance) after 5 years, by turning that home into an investment property & renting the home out. If you secure a renter with a lease, you can use that to help qualify for a new mortgage in your new city. Of course down pymt, fico score,debt to income ratio will all be analyzed again.

Option #2
You could sell your home before you move, hopefully with enough equity for a down payment on your next home. Very hard to say where rates will be in 5 years, but inflation is ahead, we keep hearing, that will drive rates up evntually.

As others have already stated correctly, the loan is attached to the property and will not transfer. If you find a super deal now, you may just be in a good position in 5 years. Good Luck, let me know if you want any help!

Chris Gorno
DRE# 01499885
Windermere Real Estate SoCAL
(619)788-4345
... more
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