Susan V.'s Blog

First time home buyers are jumping on amazing deals in San Juan Capistrano because of the current market conditions in this historic Spanish mission town.  It's no secret the home values  have decreased, but what most home buyers may not know is that combined with record low interest rates, home affordability is the lowest it has been since the 1950's!  That means the you can buy a home for less money than your parents were able to.  Here are some tips to remember so that you can get the best deal on your new home.

FIRST TIME HOMEBUYER TIPS FOR BARGAINS IN SAN JUAN CAPISTRANO

1. Before you go out bargain home shopping, make sure that your financing are all been pre-approved.  This is a free service that lenders provide, but it is critical to know ahead of time that the money you need will be there at closing time.  Also, sellers will take your offer much more seriously if they now you are pre-approved and ready to move.  You also will know exactly how much you can afford and how much home you can qualify for with the bank.
2. Check out distressed properties, although these properties may be a bit more work to buy, the prices are usually well below market and represent a big opportunity to get a real bargain. Be sure you work with an experienced Realtor who understands the ins and outs of foreclosures, short sales and bank owned properties.
3. Take advantage of a VIP BUYER PROGRAM, this is free service where you are instantly notified of any new listing that represents a bargain deal, allowing you to get a jump start on everyone else.
4. Once you find the home you want, be sure that you have a qualified home inspector conduct a complete and thorough inspection of the home.  Since many of these bargain San Juan Capistrano properties are sold as-is, you need to know ahead of time any repairs or issues with the property so that you can factor in these costs when making your purchase offer.  An experienced distressed property Realtor can help make sure you are protected against unforseen costs.
5. Don't discount fixer-uppers-these properties are often great deals and with just a bit of elbow grease you could turn the worst home on the block into a show place- and earn some sweat-equity in the process.

Buying your first home can be a bit intimidating, however there may never be a better time to jump in and join the ranks of homeowners who are taking advantage of the amazing prices and great financing rates now available.  First time home buyers should work with a qualified, experienced Realtor who can safely guide you through the purchase process so that you can enjoy you home buying experience worry free.

Susan Gregory is a Realtor in San Juan Capistrano who is specially trained and certified in distressed properties and assisting buyers with their first or subsequent home purchase.  Visit 2SMARTCOOKIES.NET for more information about her services.

Certified Negotiation Expert, Short Sale Foreclosure Resource Agent, HAFA Certified

Orange County Association of Realtors