There are many things about San Jose real estate that you will want to know before you begin getting serious about the homes for sale there. As of October 2010, there are specific price trends, demand trends, total inventory of homes, and market conditions that you should educate yourself about. This will help you know when and where to buy your first or next home in San Jose, California.
Prices on homes for San Jose real estate are looking very good right now. In November of last year, prices were a bit steep at a median of $540,000 as opposed to just under $500,000 now for an identical home. Keep in mind that “median” is not the same as “average.”
There remains a large farming community in the Apopka area, and each year, residents are treated to the Zellwood Corn Festival also north of Apopka. A mix of old-fashioned tradition and 21st Century technology combine to make Apopka a great place to live.
With this large of an investment, you want to be sure you know what to look for when buying your first home to prevent this devastating feeling. Before you even start looking around, make a list of what you want and need so you are not emotionally driven to make a rash decision.
Next, look for options to be pre-approved by a local bank. This is important because you can get an idea of the amount you will be approved for. By knowing how much you can afford before you even start looking, you can easily avoid the temptation to look outside your price range. You can also use your pre-approval as a bargaining chip to bring the cost down to within your budget if you tell the seller you know you will have a certain amount available to you. Sellers like sure things.
Location, Location, Location. The next tip in knowing what to look for when buying your first home is to consider the environment in which the house is located. You probably will not enjoy the train tracks behind the property when a train is passing through town. Freeways are loud at nearly all times of the day and night as well.
The average sales price of existing homes in Apopka, Florida was $126,386 in June 2010, up 0.09% from May 2010. This upward trend is expected to continue as the economy improves. If you are looking for a new home, prices begin at $156,900 to $204,300. New townhomes are also available from $109,000 to $169,900. Entertainment abounds in and around Apopka.
This is called a “cold market” or a buyer’s market. In markets like this, prices are bound to fall and buyers can negotiate lower prices. This means if you are interested in investing in San Jose real estate, now is the time to do so!