San Diego Short Sale Blog!

Is The San Diego Real Estate Market Decline Over?

Whether you are a first time homebuyer, an investor or considering buying a second home you will ask yourself and your Realtor the above question. If any one person can say with certainty what the near future holds then they are probably more confident than they should be.

In many areas it is a “buyer’s market” and prices could continue to decline in the near future. If it is your only goal to buy a property at its lowest point before the San Diego real estate market values begin to increase again, you CAN receive these price concessions NOW on the right property and by utilizing the right Realtor to negotiate on your behalf.

An important question to ask yourself if you are considering purchasing San Diego real estate is: How long do you plan on owning the property? If you plan on occupying or owning the property for 5 years or more, worrying that prices may be even lower in a year from now may not serve your best interest because the ideal property for you may be on the market now. Timing a purchase at the lowest point in the market is as tricky as not buying a property when it is at the highest end of the market.

If you are one of those buyers who have already been pre-approved for financing, have determined what area of the city you want to live and what type of property best suits your needs then you should be calling a San Diego real estate agent to assist you with your purchase in 2008. Do not wait until prices start to increase and you have to compete with other buyers to purchase the home you could have easily purchased a year before.

My name is Clay Gosnay and I am a Realtor and mortgage consultant with Realty Executives Advantage. My direct line is 619-507-1554. Call me anytime if you would like to discuss your real estate requirements.

Thank you