One important thing to grasp about this competitive San Diego Market:
Your monthly mortgage payment at the beginning of the year would be about the exact same payment right NOW.
Why is this when the median sales price has increased so much?
Drastically lower interest rates.
It’s all relative. Please know you are just buying a monthly payment when purchasing a house. It’s one of the most important elements to keep in mind.
Real Estate has always gone up over time. Ask yourself this question, Do you plan on making more money next year? 3 years from now? 5 years from now?
In this market, with the low supply / high demand, and projections of massive future growth…sometimes the best “deal” is simply acquiring any property you can.
So, I would urge you don’t get caught up so much about an extra 10k, 20, 30k when the multiple counters go out.
“Keep the End in Mind”
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Discher Group of Douglas Elliman – DRE# 02082438
950 Sixth Ave STE 212, San Diego, CA 92101