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Why Buying A Home in San Diego is A Good Idea For Military Families!

By
Real Estate Agent with HomeSmart Realty West Cal BRE#01427412

Why buying a home in San Diego, CA is a good idea for military families. - This past weekend I was out showing homes to a young military couple who couldn't believe the deal they were getting. For a brand new home priced at $349,900 they were looking at monthly payments of $2500 that included principal, interest, taxes and HOA. Because the buyers had good credit they were looking at an interest rate of 3.87%. 

condos for sale, blue sky, multi story

 

The husband said "to rent now would be a waste of my BAH, this is putting it to

good use." That's the obvious conclusion when military families compare what they pay in rent versus what they can buy for almost the same money. This youngmilitary couple expects to move in to a 4 bedroom 21/2 bath home, travetine tilesthroughout the ground floor, granite countertops in the kitchen and baths, stainlesssteel appliances, washer/dryer upstairs, large master bedroom, canyon views, landscaped front and back yard with privacy fence.

 

Here are more reasons why buying a home in San Diego, CA is a good idea for military families. 

1. I've already mentioned interest rates are at an all time low- recently as low as 3.87%

2. Low home prices compared to what they were just 3 years ago. The current average sales price for a single family home is $305,000.

3. VA Funding Fee has been reduced - this makes it cheaper for Veterans to finance a home with VA financing. When it comes time to sell, the Veteran will likely benefit from the sale by having a lower balance pay off. Qualified disabled vets don't pay the funding fee.

4. Good time to refiance and take advantage of the low interest rate. 

5. Working with a good real estate agent and lender that has experience with military families and VA loan transacations can close in less than 30 days to meet relocation deadlines.

 

Lorraine Santirosa is a real estate agen that works with military families who relocate to and from the San Diego, CA area.

 

Mickey Hayward
Sunset Properties, Hayward Realty - Onley, VA
Farm - Land - Home Sales & Commercial Real Estate

Lorraine - good words of wisdom.  And, how about the tax write-off at the end of the year.

Jan 14, 2012 06:27 AM
Lorraine Santirosa
HomeSmart Realty West - San Diego, CA
#1 San Diego Military Relocation Expert!

Mickey - Excellent reminder about the tax write off. There really hasn't been a better time for Veterans to take advantage of the housing market.

Jan 17, 2012 04:14 AM