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3 Important Tips for First Time Home Buyers in San Diego

new_homeowners_with_keysAs a first time San Diego home buyer it’s important to arm yourself with the right information before you begin your search for the perfect home.

Purchasing a new home is one of the biggest and most financially involved decisions you’ll make. To make sure you’re confident as you move through the home buying process, here are 3 important things you need to know.

Secure a Pre-Approved Home Loan

Getting approved for your home loan before you start shopping is the most important first step. It’s not only about having a paper that says you’re pre-approved. Your preapproval will answer a lot of questions for you.

The most important thing you need to know as a first time San Diego home buyer is how much house you can afford. A pre-approved mortgage tells you exactly how much you can afford.

Things like your credit score, your debt-to-income ratio, and the amount of down payment you are ready to come up with are just a few of the things a mortgage lender will review.

A pre-approved mortgage will increase your chance of getting the best deal when you buy your home. Once you’re comfortable with the amount of money you can reasonably spend on a home, the next step is simpler.

Assess Your Needs

Many first time home buyers make the mistake of looking at houses without sitting down to complete a needs-versus-wants assessment. Without taking the time to do this buyers often find themselves overwhelmed by all the choices available.

Here are a few suggestions on the things to decide on before you start looking for the perfect home:

  • Start with the basics: How many rooms do you need? How many bathrooms? Are you okay with stairs? What kitchen amenities are most important?
  • Consider the neighborhood: Are the neighbors friendly? Are there kids around? Is there a park nearby? Is the street quite or is there traffic? Is it important for you to have a grocery store nearby or are you fine with driving to get there?
  • Evaluate the overall community: What is the school system like? Are there a lot of homes in the area for sale? Is being close to entertainment venues important?

These are just a few ideas to get you started. Depending on your particular needs, you will have different questions. Taking time to ask the right questions will make it easier to find a house that satisfies all your requirements.

Understand How to Navigate the Market

Working with someone recommended by your co-worker or family member is only helpful if the agent is familiar with the areas you’re interested in living.

There a small details and slight nuances about different neighborhoods and communities. These are as important to know as knowing what size the backyard is.

Realtors with knowledge of the San Diego area will be able to offer insights that another agent may not be aware of. Things like taxes, how the home owner’s association operates, and what developments are in the neighborhood’s future.

And, of course, the most important thing is to choose an agent you feel comfortable working with.

Hassle-Free Home Buying

The Daniels Group is a team of caring, hard-working, and knowledgeable realtors. Let us put our 40 years of experience to work for you. If you’re ready to make your dream of owning a new home a reality, contact us today.

For more on this subject read our recent blog, “Apps That Simplify The Home Hunting Process.”

Thinking of buying or selling a home in the La Jolla area? As consistent top producers in real estate, Linda Daniels and The Daniels Group are your La Jolla housing specialists. Our team of local experts will ensure that you have a successful real estate transaction. Call us today at (858) 361-5561 or email us anytime by clicking here.