The last Tuesday of every month S&P/Case-Shiller home price index comes out. It was the headline in today’s U-T Business section. If you are a buyer this should not be a surprise to you. The information is about 2 months old. If you are shopping for a home you already know inventory is way down over 50% in most areas of San Diego.
If you are Buyer in this market what should you do?
* First of all you need to be fully approved for a loan. – Seriously, FULL Approval
* Tour homes as soon as they come on the market, don’t wait for the weekend. Homes priced right are selling very fast.
* Write an offer expecting to be up against 4 or 5 other offers. Make your offer standout above the crowd.
* Be patient expect it is going to take a while to find the right home for you. Buying home is a big decision don’t rush it. Prices are not expected to rise as quickly as in the past.
If you need help buying a home in San Diego call or email me.