Jeff’s Carlsbad Blog for First Time Home Buyers

What Should I Do? What Should I Do?

Posted in Due Diligence,Financial,House Hunting,Housing Market,What do I Buy? by Jeff Dowler on August 23, 2007

hot-issue.gifI think alot of buyers, especially those who are trying to buy their first home, are wondering “What Should I Do?” right now. Certainly with all the news about the mortgage industry many buyers are considering holding off buying to see what happens. And for some that IS the right decision, for financial reasons.

If you ARE still interested in buying, just make sure you

  • examine your financial situation very carefully (especially your personal budget)
  • get pre-approved with a competent and respected mortgage broker (need some names? Let me know)
  • stay in touch around the rates and programs in case there are changes
  • make sure you do not step outside your budget and overspend. Even if the home you really love comes along, do not let this sway you into paying more than you should.

We don’t know where the rates are going to go, nor the prices. They are all over the place in many areas, with some declines, so working with a knowledgeable REALTOR(R) will enable you to understand what is happening in your specific marketplace, so you can decide your best course of action. Local markets can be very different from what you might read on the Internet or in the media.

Obviously if you need to buy (relocation, family circumstances, etc.) then these recommendations are especially important so you make an informed decision. There is a good inventory out there, especially here in the San Diego area, and more and more sellers are willing to negotiate, and are pricing their homes in line with the market demands.

If I can provide any assistance, please don’t hesitate to ask.

Start your SAN DIEGO HOME SEARCH here.

Request Free BUYER and SELLER REPORTS here.


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