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How to buy a house in San Diego or any other low-inventory market

San Diego-the real estate market is crazy. Prices are very high and the inventory is very low. Housing sales increased to a maximum of 15 years last year. Some desperate owners are taking extreme steps to get the house of their dreams. But with a lot of money at stake, that can be risky. Consumer reports explains how to navigate the complicated process of buying a house in a more responsible way.

According to a recent survey, since the pandemic began, 28% of homebuyers made offers above the selling price and 26% agreed to buy the house as it was.

Many people are buying houses without requiring vendors to make arrangements. And many are bidding on several houses at the same time, hoping to get only one.

Make your offer stand out

If you can't afford to exceed the selling price, there are ways to make your offer stand out. One way is to get what's called an advance subscription from a mortgage lender. This takes prior approval of the standard mortgage one step further. The subscription gets all your financial information reviewed in advance and a firm commitment for a fixed amount loan, saving you weeks of back and forth paperwork.

Esto es lo que determinó la plataforma inmobiliaria Zillow.

Cómo comprar una casa en San Diego o cualquier otro mercado con bajo inventario

There are also ways to sweeten your offer without actually increasing it. Allow sellers to stay in the house for a certain time after closure, possibly free of charge, or allow a portion of the money to be kept in deposit if the deal fails.

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And if you really want to swing for fences, consider a house that may not be on the market.

If you see one you like but not for sale, ask your agent to contact the owner and make an offer. Hey, you never know.

And remember, it's just a house. Be patient and keep the transaction in perspective to stay grounded.

Some real estate agents recommend checking the lists on Thursday nights, when they say the new lists are more likely to be published.

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