Tag Archives: First time home buyer

Time to Stop Renting and Buy a Condo in San Diego

San Diego skyline downtown real estate

If you’ve been watching prices drop and waiting for the right moment to jump into the real estate market, now may be the time. Mortgage rates are still low, and now it’s cheaper to buy than it is to rent in San Diego!
There is a formula used to determine whether it is cheaper to rent or buy, and according to figures posted by Trulia, the numbers add up to more value in home ownership than in paying rent. The real estate site compared the median sales price to the median …

Solara Lofts Offering Big Discounts on Remaining Condos

Solara Lofts San Diego condos

The builder is closing out the last eight condo units in the Solara Lofts building in downtown San Diego. The Solara Lofts are a newly-built, luxury condo building in the hip and centrally located Cortez Hill area of downtown San Diego.

Solara Lofts offer contemporary luxury in downtown San Diego

Sales prices for the remaining condos have been reduced from as much as $14,000 to more than $154,000 less than the original asking prices. The discounted prices for the Solara Lofts start at $284,900. The Solara Lofts condominium community is FHA and VA approved, …

Is This a Good Time to Buy?

Condo_in_Little_Italy

Is this a good time to purchase property in San Diego, America’s finest city?  Before taking a look at an area with one of the best buys in the city, let me give a recap of the number reason San Diego is one of the most desirable places in the world to live.  San Diego has over 300 days of sunshine a year with an average temperature of 70 degrees and miles of rugged coastline. With home prices well below historic highs, in 2010 first-time home buyers took advantage of …

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A Current Snapshot of the Downtown Market

Based on recent data available, the buyer’s market for condos and loft spaces downtown continues to improve. Although the market has started to stabilize, foreclosure properties continue to put pressure on available inventory and keep pricing down.
Let’s take a look at how the different neighborhoods downtown are looking based off of data found on Trulia.com.
If we start with the East Village, the median sales price as of 1st Quarter 2011 was $311,000 which represents an 11.1% drop from last year. The number of sales is up 1% which represents an …

Home Buyer Tax Credits: Q & A

The first time home buyer tax credit of $8000 is generating a lot of interest among potential San Diego Condo buyers – and a lot of questions. What’s interesting for all home buyers is the various initiatives in states right now.

Solara Lofts: Ultra Luxury for Less

It’s never been a better time to be a first time home buyer. Lower prices and interest rates, plenty of properties to choose from, a federal first time home buyer tax credit of $8000, and now a $10,000 California tax credit for new construction for any home buyer. So let me introduce you to Solara Lofts. Priced from the mid $200s to over a million dollars, these 77 San Diego condo residences are luxurious living in a convenient setting on Cortez Hill.

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