Jeff’s Carlsbad Blog for First Time Home Buyers

Stumbling Blocks to Your Home Purchase

Posted in FAQs,General Information,What do I Buy? by Jeff Dowler on December 21, 2009
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There are a number of hurdles you have to overcome as a first time buyer in order to get that new home. This is true of everyone, of course, but folks who are buying for the first time may not be aware of these stumbling blocks.

Model Homes at CopperWood and Rockledge in Carlsbad

And with the current market, especially in the lower price points in our area (under $400,000), there are other issues to be aware of.

A knowledgeable REALTOR can help you overcome many of these hurdles, but some things you simply need to do yourself.

Here they are, in no particular order:

1. Getting Pre-Approved for a Loan

2. Being emotionally ready to make a purchase and just making a decision

3. REOs = lots of competition and multiple offers, including cash buyers

4. Short Sales = LONG waiting time for short sale approval (4 – 6 months), perhaps never

5. Moving quickly enough on a great deal – keep in mind the competition, you may NOT have much time to “think about it”; a delay can cost you the home

6. The appraisal – many of them are coming in lower than agreed on prices due to the market and changes in the appraisal process

7. Getting a loan – banks are becoming more and more restrictive

8. The home inspection

9. Being realistic – about what you can afford, the trade-offs (wants vs. needs), etc.

10. Do I buy now or wait?

If you need help sorting through these issues or want more information on the matters you really need to think about, please let me know.


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If I can provide more information about Carlsbad real estate and surrounding areas, or the housing market in general, or otherwise assist you in your homes search, please contact me by phone or text at (760) 840-1360 or email me at

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All content copyright © 2010 Jeff Dowler “The California Relocation Dude” Carlsbad Homes and Real Estate Tidbits


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