First Time Homebuyer Credit is Almost Up But the Homes In San Diego Are Not Making Me Jump Up and Down.

And here we are….April 30th you need to have your offer accepted to get this credit.  Now you’re in a rush to find a home and there isn’t much out there.

San Diego First Time Homebuyer Credit

Do you compromise?

Disadvantages:

You haven’t found your dream home and time is running out.  You know that you will probably be paying more than you would for rent and if something happens with the home, who’s responsibility is it?  Homeowners Associations will take care of some issues if they apply to the comples or the structure, with a single family detached home it is all your own responsibility.
In San Diego you will not pay for trash but you will pay for the water bills.  Those can be expensive.
And let us not forget that as a first time buyer, you may be battling all cash investors or have to deal with fixing up the property if the last occupants let it go by the wayside.

So why buy real estate now?

Advantages:

Let’s be honest, no Realtor should ever push you to buy a property one minute before you are ready.  Having said that, be very clear about your timeframes: this is NOT a flip, be sure that you can AFFORD the house, and to discuss loan programs. 
Now, here is a little more honesty:  You are already paying a mortgage!  Yes, your landlord’s, actually he is probably just putting money in the bank by now.  Wouldn’t it feel good to do the same thing?
More homes are available on the market today, for more reasonable rates, at lower prices than ever before.  this is a once in a lifetime experience.

Now, it is up to you to go out there with your agent, look at these properties, and make lemonade out of lemons.  Paint and carpet doesn’t cost a lot of money and can make a home look really nice.

Call me 10 years from now and tell me how happy you are that you bought that home, I dare you!:)