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Facts About Del Mar Real Estate Values / Buyer – Seller Tips
Del Mar-Home of Their Dreams
Ever think you would like to build your own Del Mar home and have everything just the way you want it? Lots of people do and they often start by looking at land or lots for sale. With many people the idea is to buy a lot today, get it paid off or mostly paid off and then sometime in the future, contract with a custom builder for the Home of their Dreams via Del Mar.
Del Mar Fixed or Adjustable?
The fixed rate mortgages offer Del Mar real estate buyers peace of mind with predictable monthly payments. Taxes may go up but the principle and interest will remain fixed throughout the life of the loan. When interest rates were rising rapidly in the late 1970s, lenders came up with ARMs or Adjustable Rate Mortgages. With an ARM, the borrower assumes the risk of rising interest rates. Both have their advantages and disadvantages.
Del Mar Real Estate Cycles
What makes most sense is the "buy and hold" strategy. Buy a home you expect to remain in for at least seven years or more. Del Mar is no different than most, although the Del Mar market does have it's own special circumstances.
Want to get a clear and up-to-date picture of the Del Mar real estate market? Call me at any time. I am happy to share my knowledge of the real estate market with homeowners and prospective homeowners who want to take advantage of market trends to buy and/or sell wisely.
Del Mar Disclosure Rule
If you are contemplating the purchase of an existing home or any Del Mar, I strongly recommend that you utilize the services of a trusted home inspector. The final purchase of any home should be based on obtaining a favorable home inspection. Del Mar is no exception to this rule.
What if the home inspector discovers a problem? That happens and as long as it happens before the sale is final the seller can fix the problem or the buyer who agrees to take the property as is can negotiate the price. Any questions regarding Del Mar, just give me a call.
Choosing Your Del Mar Neighborhood
You’ve probably heard about the three major determinants of Del Mar values are: 1) location, 2) location and 3) location. This is not only true about real estate in Del Mar; it is true about real estate in general. If you cannot afford what you want where you want it, give up something inside the house rather than settling on a lesser location.
Does Your Del Mar Have Curb Appeal?
Every prospective buyer who visits your Del Mar home is struck by a variety of impressions regardless of whether your landscaping is eye-catching or merely so-so. Plants that overrun the walkway, trees that badly need pruning and visible suggest to the prospective buyer that this home will take a lot of landscaping maintenance and yet if your yard is well-maintained, the prospective buyer is inclined to simply admire the fact and move on. If your Del Mar front porch or front door need paint, the prospective buyer is likely to notice the paint job inside and out and think about how much maintenance that will take on a yearly basis. The important message here is that things that look bad or run down call attention to all the work that needs to be done while things that are well maintained conjure up ideas of how pleasant it would be to live there.
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