Lets talk about the “f” word – Foreclosure. We’ve seen a lot of attention lately to President Obama’s plan to help distressed home owners avoid foreclosure, and relieve the pressure of those drastically reduced priced homes on the market. What does this mean for you, the buyer of a condo here in San Diego? Is a San Diego Foreclosure a good deal for you? Will action by Congress keep you from getting an unbelievably good deal, or sweeten the deal more for you?
Major price reductions are now occurring at 777 Sixth Avenue, in the heart of the Gaslamp Quarter. This San Diego Loft building features luxurious one and two bedroom lofts atop a popular ground floor restaurant with subterranean parking. You are steps away from Petco Park, and all that the Gaslamp has to offer.
With some of the most outstanding views in the city, the two towers of Horizons are a distictly recognizable address in the San Diego skyline. Convenient to the Gaslamp District, Petco park, and the Convention Center, the amenities and standard of living are nothing short of superb. Priced from $400K to $2 million, the entry point of this luxury building is surprisingly affordable.
This is your opportunity to buy a San Diego condo at a value that is sure to appreciate given time, to live in, to rent, to have as a second home. One of the downtown buildings I particularly like for investors and homebuyers seeking opportunities is Aqua Vista in Little Italy. These are high quality units in a fantastic location. They appeal to first time home buyers, renters, young professionals.
The well anticipated Vantage Point is approaching completion. Really, I wasn’t sure they were ever going to make it. Vantage Point is a monstrous 679 units contained in forty stories. After a couple of construction, um, pauses, move in dates are just around the corner in May of this year. The waiting looks worth it (and believe me, I was skeptical of this project when it started). It hasn’t been just my interest that has been piqued. I am getting more calls on “the blue building’ than any other project …
So what is the story with the stimulus and the tax credit for first time home buyers anyway? How different is it from the tax credit that already exists? Originally, a $15000 stimulus credit was discussed, one that would be open to all home buyers who had not purchased within the past three years. This would have carried a 19 billion price tag. Congress reduced it to $8000. But you still are eligible if you have not owned a home within the past three years.
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Diana George Diana is the CondoDomain broker for sunny CA!. More information about Diana and her passion for real estate coming soon.... Read More
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