Lovely & well cared for 2 bed 2 bath end unit in the heart of North Park w/ 2 tandem parking spaces offering direct access to your private patio. Tile flooring, in unit washer/dryer, recently upgraded granite counter tops w/eat in bar, fireplace in living room, master walk-in closet, large pantry, stainless steel appliances, ceiling fans in all rooms, gated community, & security doors/windows. Perfect for a first time home buyer or investment in one of the most vibrant & walkable communities in San Diego.
Buying a home in San Diego is an exciting experience. The multitude of neighborhoods that the city offers all have an appeal that is difficult to put into words. From beaches to art and culture, San Diego has something for everyone. If you find yourself wanting to buy a home in San Diego, keep the following tidbits in mind:
Whether you are a first time home buyer or a seasoned investor, financing is always the key to establishing your home buying reality. Getting approved for a loan and knowing your buying power will establish some ground rules for your search. REALTOR® Erick can help you find financing for Conventional, FHA, VA, and can even help you manage a seller financed deal. If you are buying a property with cash, great!
Loan Approval VS Affordability
When you get a beautiful preapproval letter from your lender, it can be tempting to push your loan to its limit. For some, this might be just fine. For others, not so much. Understand your budget and avoid getting yourself into an uncomfortable payment.
San Diego has a lot of neighborhoods each with their own charm and appeal. Narrowing down what you want out of a neighborhood can help you remain focused in your search. Take some time understand the different market conditions in your areas of interest. Being educated about the ebb and flow of the market can help save you time and heartache when you start making offers.
Get out there
Looking at properties online is a fantastic way to educate yourself about the inventory of homes on the market. Big beautiful shiny pictures and wide angle shots give you that tingly feeling and you day dream about moving in someday. Take that extra step to get out there and look at some homes. There is nothing like experiencing the dynamics of a home showing. Driving to the home, opening the door, meeting the neighbors, smelling the air, hearing the sounds…it all has an effect. I have the key, lets go take a look at your next home in person. Or, if you are out of state or abroad, let me take a walk-through video for you. I’ll shoot the video and share it with you along with my commentary.
Communication and Cooperation
That’s what home buying is truly all about. The number of people involved with a home sale is actually quite staggering. That is why it is absolutely imperative that you find a REALTOR® that gives you a sense of understanding and comfort through their communication of information. Our ability to communicate effectively as REALTORS® can be the difference between a missed opportunity and the home of your dreams. REALTOR® Erick employs a team of Transaction Coordinators and implements effective technology to communicate information with all parties involved.
Ocean Views from every balcony & bedroom of this tri-level Dictionary Hill home in Spring Valley. Pride of ownership has conserved & upgraded this home recently & throughout the years. $3000+ on NEW granite kitchen countertops, freshly painted deck, large living room, formal dining area, bath on every level, intercom/audio system throughout, master suite w/fireplace & balcony, immaculate spa, bonus rec room w/billiards, custom bar, darts, full bath & cedarwood sauna, 2 car garage, central A/C heat. It’s a must see! Check out the details below.
Every now and again, I’ll get messages from my friends asking me, “Erick, where are the best buys in San Diego?” or, “Where can I find a home from under $200k?”
As a REALTOR®, I always try my best to find the most affordable or best value homes in San Diego, CA for my clients. They are out there. And sometimes, they really are way OUT there 🙂
The article in the UT cites a few cities in the county that some of us might be hard pressed to find on a San Diego County Map. However, these locations highlight the expansiveness of the county and gives us a window into home buying opportunities often hidden in the periphery of San Diego County. Here are some San Diego County cities that were cited in the list:
2016: Least Expensive homes sold
Our friends at the San Diego Union Tribune put together a list of some of the least expensive homes to sell in 2016. Check them out here.
In a time of uncertainty and dismay, little sparks of hope and light can carry your spirit in an indescribable way. I was recently reassured that the energy and time you put into life can still generate a lot of good. When I became a REALTOR®, I was motivated by a desire to improve my economic independence and be a better provider for my family. My job would be to help my clients successfully accomplish a goal that would earn us all satisfaction.
A photo posted by Erick Salgado (@realtorerick) on
My first home sale brought me a lot of joy and sense of accomplishment. My skills and practice of diligent ethics helped me successfully represent a buyer and a seller at the same time. The sale also had the effect of bringing family closer together. The pay was good and I felt ready for a successful career.
My head is in the game
In October 2016, I met a Karla. She found a home online for $135,000. She was approved for a loan. Her goal was to buy this home for her mother. Karla’s mother works the latest imaginable hours of the night faithfully cleaning the bars and offices of the hippest parts of town. Villa Sao Miguel in North Park is an age restricted complex and Karla’s mom meets the criteria. I met Karla’s mom at the property the day after we spoke. It was perfect for her and close to all of her accounts. The mortgage payment would be affordable, the market analysis gave us confidence and we wrote an offer. It was accepted!
Escrow opened and I met everyone involved. The Listing Agent, was great. The Seller was nice. I also called Karla’s lender. After a brief chat, he told us the building was unwarrantable. He said the bank wouldn’t offer a loan on a building with low owner occupancy. Typically, if more than half of a building’s occupants are not owners, a bank will not approve a conventional loan. I called around for Karla. Her first lender was right. No one would give us a loan.
I called my broker and asked him if he could help me with this situation. In true Tom fashion, he put his broker cap on and offered his expertise. With not many options left, we negotiated with the Seller to carry the note for the loan and they agreed. It’s not the rarest thing on earth, but it is not typical. We were in business.
Long story short, after four months, countless calls and emails, Karla successfully purchased this home for her mother. It felt good. Really good.
A photo posted by Erick Salgado (@realtorerick) on
After we saw the condo together, I drove Karla’s mom back to her apartment. In conversation, I discovered that Karla’s mother came from the same state in Mexico as my own mother. She proudly told me that her daughter was the recipient of a scholarship and attended a university. Her pride was palpable. I felt a connection to something deeper that day. The experience reminded me of my own mother. It reminded me of the sacrifices that she began making in the 80’s as a teenage immigrant. She took English classes and worked all manner of professions. From packing boxes for Ocean Pacific clothing to production lines for manufacturing plants, she worked so that she could stay in America and afford her children a better future.
Opportunity and Unity
The opportunity that this beautiful county provides still shines. Karla and her mother proved this to me. My mother proved it to me. The whole process and the intersection of our lives proved to me that the American Dream is still alive. It took many minds to come together to achieve this dream and I am proud to have contributed my energy to the process.
I am excited and proud to announce the upcoming sale of this beautiful Spring Valley tri-level home with views of the Pacific Ocean. I’ve included a google photos album to help give you an inside look at this lovely and special listing that is yet to hit the market. Be the first to see it exclusively with REALTOR® Erick! Please contact me with any questions about this home for sale in lovely Spring Valley, CA.
Rec room with pool table, bar, and custom cedar wood sauna (yes it all conveys!)
Spa on deck
Beautiful courtyard style backyard
Tax record shows 2058 square feet but the additional rec room adds approximately 480 square feet.
This property is very special and has some lovely qualities that display pride of ownership and an appreciation for leisure and relaxation. Contact me for a private showing.
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I read an interesting article this morning about first time home buyers and financing. The article highlighted some of the friendlier low down payment loan products offered by many large consumer banks. There is a stark difference in lending practices today than what existed at the height of the housing bubble ten years ago. Incomes are verified. Credit scores are verified. Credit worthiness is established. So the fear of junk loans is alleviated to a larger degree. Also, the loan products being pitched now are fixed rates and for a normal term of 30 years. Borrowers can feel more confident that there will be no surprises.
However, some finance experts warn of the perils of accepting an attractive loan that would constrict your cash flow. In other words, be careful how much you bite off. They make the argument that one should run their finances as if they were a business. One must account for unexpected expenses and other debt obligations. Being qualified for a low down payment loan does not guarantee that you will still have money left over to buy food. So when you get starry eyed about your loan qualification, keep in mind that you still have to account for all your other expenses, such as student loans, credit card debt, and car payment. And that’s just the expenses you already being too the table. Tack on home insurance, taxes, maybe a little life insurance policy for your loved ones, and how about keeping a little on the side for a rainy day. The issues of cash flow are real but are not always apparent at first and often a problem when is too late to address. I encourage you to read the article linked here and see if the analysis of lending with little money down makes sense to you.
If you need help finding the right home and appropriate loan product, you can contact me and I can help you get started on the right path by providing you the information you need.
Before 2014, I was a Paralegal for a prominent law firm in San Diego. Before that, I was a bank teller. And before that, a professional bicycle mechanic. My experience with clients and attention to detail became ever more refined as my desire to elevate my professional aspirations grew.
Today I find myself feeling very lucky and prepared for my future as a REALTOR® in San Diego, California. I hope that you’ll join me as I provide real estate services over the years.