As an Exclusive Buyers Broker in San Diego, that's a question I'm frequently asked. The honest answer is that we never know where the bottom was until we realize that we passed it about 6 months earlier.
The two things I can tell you with absolute certainty are (1) The Real Estate Market will go up. (2) The Real Estate market will go down. I just can't tell you "when."
There are positive signs everywhere that we are at, or near, the bottom. The investors are back and snapping up bargains all over Southern California. The astute Investors are always the first to get out when storm clouds gather and the first to return when things start to turn around.
We are seeing multiple offers on well priced foreclosures. Non distress properties are being snapped up in a matter of days. Many first time homeowners are doing their homework and making the move when they find something that appeals to them.
The beauty of a Real Estate investment in San Diego is we are dealing with a limited quantity. San Diego is flanked by the Pacific on the West, Mexico to the South, Mountains to the East and along the coast Camp Pendleton to the North.
A local investor once told me that the only mistake he had ever made in Southern California Real Estate was selling!
A very important historical fact is that current market lows are never as low as in the previous downturn and when things return to normal the new highs have always been above previous levels.
Spring & Summer are the traditional "hot" months for Real Estate buyers, with August peaking as families get settled in before school starts.
Has the (Real Estate bargain) plane left the gate?
Not yet, but there are sure signs that the jet bridge is starting to move back. The first class section is full of investors, who have already picked off some great buys. They are sipping Champagne & waiting for take off.
Business Class & Coach are filling with first time home buyers, military families who were shut out of the previous boom market and others who were sitting on the side lines waiting till the time was right.
You will find me up front, in the cockpit. An Exclusive Buyers Agent job is to get his clients from point "A" ( Mortgage pre-approval & home searching) to point "B" close of escrow & moving into their new home. I work only for my buyer clients, never the seller. I steer my clients around the turbulence and make certain we have a pleasant (escrow) flight and a smooth landing.
If you feel the time is right for you, give me a call. In a 45 minute one on one meeting I will answer your questions and outline the step by step process to home ownership.
WELCOME ABOARD!
Don N. Nelson
Broker-Owner
Accredited Buyers Representative
Certified Exclusive Buyers Agent
National Association of Exclusive Buyers Agents
e-PRO, Notary Public
Don Nelson Real Estate.com
San Diego Direct 619-446-6978
Palm Springs Direct 760-320-8627
Fax 866-675-3876
Mailto:Don@DonNelsonRealEstate.com
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San Diego County & The Desert Cities Visit
www.DonNelsonRealEstate.com
When you have a friend, family member, or colleague looking to buy Real Estate I can help.