How to Buy San Diego Distressed Homes for Sale
San Diego housing market is on sale. If you have been writing offers on homes in San Diego, you probably have learned it is competitive. A lot of people now realize it is a great time to buy and many more every day are contacting us to get started in our buyers program.
The buyers program will set you up to automatically receive property updates of new homes on the market, price changes, and other property details absolutely free. Once you see a property you would like to write an offer on, we set up a showing and an offer writing appointment with you... this also is free. What's the catch? There is no catch. We are licensed agents with the state of California and are paid by contract through the sellers agents shared commissions. We have helped many people buy homes successfully and we can help you too.
If you are looking to take advantage of the economic down turn in housing prices, San Diego real estate has homes you can buy today. The process is simple. First, contact us for a list of homes available today. We can help you through the process and we can
help you write offers on these homes.
Just yesterday Warren Buffet told viewers of CNBC to buy housing for investment. Below is an exerpt from the interview.
RE-PRINT OF BUFFET INTERVIEW ON CNBC 2/27/2012
would say the single-family homes are cheap now, too.
Yeah, single-family homes— but if I had a way of buying a couple hundred
thousand single-family homes and had a way of managing— the management is
enormous— is really the problem because they're one by one. They're not like
apartment houses. So— but I would load up on them and I would— I would take
mortgages out at very, very low rates. But if anybody is thinking about buying a
home— five years ago they couldn't buy them fast enough because they thought
they were going to go up, and now they don't buy them because they think they're
going to go down. And interest are far lower. It's a way, in effect, to short
the dollar because you can— you can take a 30-year mortgage and if it turns out
your interest rate's too high, next week you refinance lower. And if it turns
out it's too low, the other guy's stuck with it for 30 years. So it's a very
attractive asset class now.
you are a young individual investor at home and you have your choice between
buying your first home or investing in stocks, where would you tell someone is
the better bet?
Well, if I thought I was going to live— if I knew where I was going to want to
live the next five or 10 years I would— I would buy a home and I'd finance it
with a 30-year mortgage, and it's a terrific deal. And if I— literally, if I was
an investor that was a handy type, which I'm not, and I could buy a couple of
them at distressed prices and find renters, I think that's— and again take a
30-year mortgage, it's a leveraged way of owning a very cheap asset now and I
think that's probably as an attractive an investment as you can make now. But I
think equities are very attractive compared to anything else.