How to buy a house in San Diego?

Buying a home in San Diego can be an exciting but complex process. Here's a step-by-step guide to help you navigate it:

• Assess Your Readiness: Determine if you're ready to buy a home by evaluating your financial situation, employment stability, but most importantly your long-term plans.

• Find a Real Estate Agent: Choose an experienced agent who knows the San Diego market well. Realtors do not just show you homes. Do your research for a great agent and they will save you money in places you wouldn't even think of and put you in contact with a network of people that may save you money in outside areas.

• Get Pre-Approved for a Mortgage: Obtain a pre-approval letter from a lender to know your budget and show sellers you're serious. This will determine your budget, calculate how much house you can afford by reviewing your income, debts, and credit score. San Diego's median home price is around $824,950.

• Save for a Down Payment: Plan for your down payment and closing costs, which typically range from 3% to 20% of the home's purchase price.

• Search for Homes: Start looking at homes within your budget and preferred neighborhoods.

• Make an Offer: Once you find a home you like, work with your agent to make a competitive offer.

• Schedule Inspections and Appraisals: Have the home inspected for any issues and appraised to ensure it's worth the purchase price.

• Secure Financing: Finalize your mortgage with your lender.

• Close the Sale: Complete the paperwork, pay the closing costs, and get the keys to your new home1!