The one thing that can strike fear in the hearts of any homeowner is the thought of a foreclosure. For many of us, the idea of owning our own home is at the root of almost everything we do. We work hard to save and spend days, weeks, and sometimes even months and years to find the right home. It can truly be an emotional as well as a financial tragedy when we see a foreclosure coming up on the horizon. The scars it leaves behind may take years to recover from so many will opt to sell their home through a short sale.
Even though a short sale may be a more favorable option for a homeowner as opposed to a foreclosure, for the buyer it can truly be a win/win situation if you find the right location. By buying a short sale property a buyer can find the ideal investment at a reduced rate in a prime location like Escondido, California and at the same time ensure their future in a great neighborhood to offset their chances of additional investments along the way. Buying in Escondido, California may be one of the best places to give yourself that true winner take all feeling of success.
The Escondido Buyer’s Market
This is where there is an abundance of property available and a shortage of buyers. By buying at this time you get a little additional leverage in your negotiating efforts. By purchasing short sale homes in Escondido, you will be getting your new home at less than its full value. This can amount to a considerable savings in your home buying process and garner you some impressive perks along the way.
Escondido is ideally situated in a valley just north of San Diego. It offers a quite and peaceful atmosphere separated from the rest of the world by beautiful and majestic mountains. It’s close proximity to San Diego and Los Angeles makes it the perfect location for those who want the busier lifestyle of the city but the quite feel of the country at the same time. A commute to San Diego is less than 30 minutes away and to Los Angeles in around an hour. For those who work in these areas they can have the best of both worlds.
Another major appeal for those who want the serenity offered by the City of Escondido is the amazingly temperate climate. The summers are dry with temperatures ranging between a low 60 to a high 90 and the winter temps settling between 42 and 70 degrees. Residents love the climate for its mild climate during all four seasons of the year. They can get the best of each season but not to its extreme as it may be in other similar locations.
Escondido offers more than 30 different neighborhoods to choose from each offering something a little bit different from the others. Depending on the amount of money you hope to invest in buying a short sale home at a reduced value could place you in an upscale neighborhood that you may not otherwise have considered. Many of these areas boast immaculately manicured lawns and beautiful homes on every street.
They are all located within a very short distance to downtown Escondido where you can enjoy the convenience of shopping and dining at some of best businesses in the city. Whether you’re just looking for a nice place to dine or you need to get your cabinets stocked with the best foods you’ll find you’re just a short distance from anything you could possibly need.
Education is an important part of Escondido life as statistics have shown that more than 20% of the city’s residents are holding at least a bachelors degree or higher. There are 22 different schools that make up the Escondido Union School District along with several private institutions to accommodate students of all ages and needs. You will also be in close proximity to several major colleges within minutes of the Escondido. With San Diego just moments south of the city you have access to famous universities like San Diego State College, La Sierra University, Chapman College, and the University of California, San Diego.
Another reason buying in Escondido has become so popular comes from the lifestyle that many of the residents lead. Aside from its close proximity to the things you need it is also very close to many things that can make life more enjoyable. The city offers parks, playhouses, eating parlors, spas, and beautiful wine country with miles and miles of vineyards to show that residents can enjoy. Year round events can keep you busy as you visit the many annual festivals that residents all enjoy.
Cost of Living
One of the reasons we choose to buy short sale homes is the savings on cost. This can continue even after you’ve purchased your new home. With the cost of living in Escondido, California at about 7% less than the rest of the state you can actually put away a little extra cash while living in some of the nicest areas in the country. With the median household income at a little over $53,000 it is clear why living in Escondido has become such a popular option for many homebuyers.
Escondido is a beautiful city situated in a beautiful setting making it one of the states most popular places to live. Its clean and polished environment will make you feel right at home where you can immediately start to enjoy all of the new and fresh amenities that the city has to offer.
Buying a short sale home is not always easy and may be a major hassle. Think about what you’ll get for your efforts. Not only will you get a beautiful upscale home at an extremely discounted rate but you’ll get a beautiful neighborhood full of all the things that make this type of city great; quality schools, positive communities, a near perfect climate, and year round entertainment whenever you need it. Can buying a short sale home in Escondido work for you? This will depend heavily on what you really want from your new home and community. Why not take some time and talk with an experienced real estate professional in the Escondido area to explore the many possibilities? You may be surprised at what you find out.