Mewborn Team Real Estate Consultants: CoastalLuxurySanDiego.com

August 10th, 2009

Carlsbad Real Estate Buyers – Don’t Wait on Falling Prices

Categories: Buyers, Home Loans, Interest Rates, Relocation

Carlsbad, CA – A fear of overpaying for Carlsbad, Oceanside, or San Elijo real estate is common these days, especially  when prices continue to be unstable.

If you are a San Diego home buyer and are frozen because you are unsure what to do next – and are concerned you may pay too much, here are some items to consider:

1. Waiting for the right time can be expensive. Some Carlsbad real estate buyers would have more equity today, despite falling prices, if they had bought when they first started looking, instead of continuing to pay rent.

2. Financing is not guaranteed. Some people who were highly qualified last year can’t find financing this year because the credit market has tightened or their personal financial situation now makes them an undesirable borrower.

3. Interest rates have no where to go but up. If prices decline by another 10 percent, but interest rates increase by 1 percentage point, the monthly payment will be the same.

Can we guarantee that Carlsbad real estate prices are at the bottom?  No!  Can we say confidently that now is a great time to buy real estate in Carlsbad, La Costa, Oceanside, Encinitas, Vista, or San Marcos – YES!  In most of these areas, prices are at near 2001 levels.  Interest rates are at near all time lows!  This Carlsbad real estate opportunity is unprecedented!  Don’t miss it!

Source: Based on an article in The Wall Street Journal, Douglas Heddings (07/27/2009)

Tags: Carlsbad Real Estate For Sale, La Costa Real Estate For Sale, Oceanside Real Estate For Sale, San Elijo real estate

Posted by Mike and Amy Mewborn//