San Diego Home Info by Gretchen Pagnotta

San Diego Home Loans at All Time Low

Refinance Your Home

I just refinanced my home which I purchased last September. It was beneficial for me to grab a lower interest rate which will pay for itself immediately since there were so few fees involved. Interest rates are at a record low so if you have been considering a purchase or a refinance now is the time to contact a reliable lender and see if you and your home qualifies.  It saved me $250 a month in payment..that is a considerable amount that can go into my retirement savings.  For people saving for college for their children that is $3000 a year which puts a small dent into the total cost.  Boy, glad those days are behind me. 

The values in the home market especially in luxury homes are at such attractive levels if you ever thought of “moving up” top a luxury home now is the time.  Luxury homes are selling below replacement costs and the selection is incredible! Seasonally this is also approaching the very best time for a buyer to purchase.  The market slows down in the fall months with people busy with back to school activities, the holidays and just not in the “I want to buy a home mood.”  The homes that have been on the market all summer will have price reductions as sellers become disenchanted with showings and lack of offers.  What a great time to negotiate for a home!

                                   

Lowest Interest Rates Since 1970!

According to a recent Wall Street Journal Article the interest rates for 30-year fixed-rate mortgages are in free fall, averaging just 4.44% on Aug. 12, according to Freddie Mac. Not only was that down from 5.07% in January, it was the lowest since Freddie began keeping records in 1970. So what are you waiting for?  For the rest of the article go to: http://online.wsj.com/article/SB10001424052748703723504575425734198113348.html?mod=WSJ_RealEstate_LeftTopNews.

San Diego First Time Buyers Have Great Opportunities

Although the credits for first time home buyers are not available the drop in prices can more than make up for any credits.  Sellers are willing to help with closing costs and again the values are no longer at the very bottom but are still very attractive.  San Diego is a very desirable city to call home and we will see a recovery. You will be glad you jumped in and did not ignore an opportunity.

Where the Best Home Values are in San Diego

Where are some of the great values…??? Luxury homes in Santaluz, Rancho Santa Fe,Del Mar and  Encinitas…are at  unbelievable prices.  There are homes that have been built to accommodate large families with actually living quarters for 2 families.  This is ideal for working couples who want live in Mom and dad help or for people who have extended visits from family members. You can get acerage, pools, tennis courts, work shops, horse property, views, golf, gated…you can have it all at truely unbelievable prices.  There are homes with every known amenity and feature..Dream Homes” that are truly a dream!

The prices of downtown condos are very enticing…remember the lines a few years ago?  San Diego is a desirable city and a global hotspot and these prices will not remain low forever as well as the attractive interest rates. Newer areas such as  Rancho Bernardo,Del Sur,4S Ranch, Stonebridge in Scripps Ranch, Poway,La Costa Greens, and newer sections of other North County neighborhoods have something for every budget.  Short sales are being approved faster and opportunities are there for serious qualified buyers.

Market Trends Indiate Fall of 2010 Time to Purchase a Home in San Diego

My  summary is simple:  great inventory and selection+ outstanding interest rates= time to buy Fall 2010! For market trends please go to my pages on individual cities.

Take these steps to get started:

1 .Contact me of you need a reliable lender.

2. Contact me if you need some marketing stats and trends.

3. Contact me to set you up with our 59559 Program.You can get instant information when you drive by any real estate sign! No hastle, so obligation, go to my blog:http://sandiegohomeinfoblog.com/2010/08/16/san-diego-home-buyers-dial-59559/

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This entry was posted on Friday, August 20th, 2010 at 5:56 pm and is filed under Buyer Info, Del Sur, First Time Buyers, Home Loans, Poway, Rancho Bernardo, Rancho Santa Fe, Santaluz, Scripps Ranch. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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