The busiest time of year in the real estate market is quickly approaching. This spring, many people will be hunting for a new North County home. Are you one of them? If you’re gearing up to take the real estate plunge, then it’s time to get yourself prepared. Here’s what you need to do to be ready to buy a North County San Diego home this spring.
Get pre-approved for a mortgage
The most important thing you can do to prepare for the spring real estate market is to get pre-approved for a mortgage. North County’s market can be competitive this time of year, and if you don’t get pre-approved you’re likely to miss out. Getting a pre-approval letter from a lender shows sellers that you’re serious about your offer. And if you’re interested in a home that receives multiple offers, yours will be one of the first to go if you’re not pre-approved.
Get your paperwork together
Things can move quickly once your offer is accepted. So be prepared to get the ball rolling right away by getting your paperwork together. Closing on a home requires many documents, and having them organized before they’re needed will be very helpful. Some of the documents you need to start collecting include bank statements, pay stubs, and tax records. Talk with your agent to find out what paperwork you should be gathering.
Know your priorities
You may think you know what you’re looking for in a North County home. But have you really considered all the options? Now is the time to put together a list of your needs and wants. You’ll be searching through hundreds of listings of homes for sale. Knowing what you want upfront will help you narrow the field quickly. Things to consider are how many bedrooms you need, what kinds of outdoor amenities the home has, and the distance from schools and work. And decide which things are must-haves and which aren’t. Knowing where you will compromise can be just as important as knowing your deal-breakers.
Know what you can afford
Along with knowing your priorities for a home, you also need to know how much home you can afford. Don’t get derailed by focusing time and energy on homes that are out of your price range or stretch your budget too far. You can use an online calculator to find out how much you can afford. Then you can focus your search on homes in that price range.
Finally, determine what you’re looking for in a community so you can narrow your search. North County San Diego is comprised of many wonderful communities, each with its own special characteristics. If you want to live in a community with a rural character, then Fallbrook may be the place for you. If you want to spend your days at the beach, then Oceanside is a home run. Do you want a great place to retire? Then Shadowridge may fit the bill. Check out our website for lots of great information about each of the North County San Diego communities that we serve.
Talk with the Clark & Gilman Team
The best way to get prepared to buy a North County San Diego home is to work with a team of experts! Contact the Cristine Clark & Jamie Gilman Team today at 760-758-1211 or [email protected]. We’d love to help your dreams of North County homeownership become a reality!