Your San Diego Home Lost?
Thursday, May 23, 2013
Don't lose your San Diego home of your dreams.
In today's San Diego real estate market, it is becoming harder and harder to locate a home and more so, get your offer accepted. One way of not only getting your offer accepted, but getting a loan and actually getting the sale closed so that you can become the new owner is to;
#1- Work with an experienced Realtor. When I say experienced, I don't just mean someone who has had a license for 5-10-15 plus years. I mean someone who is actually selling homes currently. Someone who has sold more than 10-12 homes year to date. The person that has sold 10-12 homes in the last 12 months is hopefully current to what is happening in todays real estate market. This person will know know what type of things to expect and look for while you are in escrow. They will know what type of things are typical with the type of home your are buying and what things are not a big deal so that you can work through them.
#2- Pick your lender wisely. Don't just pick a lender out of the internet or some random person that shows you low interest rates.
If your Realtor is experienced and has sold 10-12 homes in the past year, then he or she should have a relationship with a few good lenders. Not all lenders are made equally and for this reason, if you pick someone, again,that is not experienced or can not think outside of the box, you may find that you may get into escrow, think that everything is going smoothly, remove all contingencies, and then last minute find out that the lender has dropped the ball, putting your down payment at risk and ultimately not being able to close escrow on the home that you thought would be yours.
This is not a good position to be in for either you or the seller, whose home you just kept off the market for a substantial amount of time while trying to get a loan approved.
