Mewborn Team Real Estate Consultants: CoastalLuxurySanDiego.com

September 9th, 2009

Three Important Tips For Buying Carlsbad Real Estate In Today’s Market

Categories: Buyers, Home Loans, Market Trends, Real Estate FAQ, Relocation

1. Clean Up Your Credit Before You Start Looking
Carlsbad home loans and interest rates are all dependent on your credit score.  The higher your score, the more programs that are available to you.  In today’s market, a score of over 700 is advisable for the best home loans

2. Don’t buy Carlsbad real estate unless you can afford to stay put.
Although property values have been on the upswing in La Costa and Carlsbad, there are still concerns about a coming wave of foreclosures.  We may have seen Carlsbad property values at their bottom, but that is still unknown.  Don’t buy Carlsbad real estate hoping to flip it quickly at a profit.  Now isn’t the time to take that kind of risk!

3.  Only buy what you can really afford
Most of our recent real estate problems have come from families buying homes they can’t afford.  The average family can afford a home that is 2 1/2 to three times their annual salary.  But take into consideration, your other expenses and debts before you commit to a monthly mortgage payment.

If you have any Carlsbad real estate questions, please contact us.  A home is one of the biggest purchases you may ever make.  Please be informed and make the best decision possible!

Tags: Carlsbad real estate

Posted by Mike and Amy Mewborn//