What to Ask When Encinitas Home Hunting

For many now is the perfect time to buy an Encinitas home. With prices on an Encinitas home seeing some of their biggest increases since the bust began and foreclosure rates down for the 4th month in a row, this is leading many in the real estate community to believe that there is no better time to explore the option of finding homes for sale in Encinitas.

Yes the housing market is seeing a resurgence, however, it can be easy to get carried away in the desire to take advantage of the market. It is important that you exercise caution and ask yourself a few specific questions before you throw yourself into purchasing a new home. Here are the questions you should ask yourself.

  • Can you take on the responsibility? When you purchase your home you will be the one responsible for all maintenance and repairs, which can be costly in both time and money. If you don’t intend on occupying the home for at least five or ten years then consider if you want that level of responsibility.
  • Can you afford what you really want? Taking the first step of consulting a loan agent or mortgage broker in order to find out how much you can actually afford to spend, as well as examining your financial situation and the financial assets and liabilities of owning a home. You can consult an Encinitas real estate agent to find homes in a neighborhood where you would like to live or do your own research online.
  • Can you compromise? Being pragmatic about what you want and what you need will help you find the right home. The best thing that you can do is make a list of the things you want in a home and next to it the things that you will accept. An example would be if you wanted a 5 bedroom home but would settle for a home in Encinitas with 3 or 4.
  • Can you take the time to be thorough?  This is where an Encinitas Realtor can be most beneficial; helping you with home inspections, providing knowledge of the future of the neighborhood you want to move into, and other such common issues. However, in the end you will be the one making the decision so it behooves you to learn as much about your potential purchase as possible for yourself and have your real estate agent help you make the right choice.

If you can honestly answer “Yes” to all of these questions, then it is time for you to take advantage of the many wonderful housing opportunities available to you in the current market.

Source:

Hymer, Dian. “4 Questions to Ask before following the Homebuying Herd.” Inman.com. Inman News, 8 Oct. 2012. Web. 09 Oct. 2012. <http://www.inman.com/buyers-sellers/columnists/dianhymer/4-questions-ask-following-homebuying-herd>.

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