“Greg Flaherty was first recommended as a Realtor company that could manage the condo that I bought in about 2006 in San Diego. I bought a condominium and then I was looking for somebody to manage it. It was the Realtor that I was dealing with at the time to purchase the condo that made the recommendation. He managed my condo since I purchased it and he was very, very easy to work with, suggested helpful items, and took on tasks when I needed help. Things of that nature. That relationship remained for the complete time that I rented the condo until I decided to sell it. Called him, and knew that he also sold [properties]. I automatically went to him because of the good, positive relationship that I always had with him. Talked about it, we talked about a price, we thought we’d test the market and it came back very positive. [We had a] response within a couple of days. The buyer who offered the settlement started to waiver as we got into it. Greg and I talked about it, the strategy and decided well we should go and maybe put it back on the market but then the original [buyer] decided to come back in. I said, good enough for me and we closed the deal. It was very simply done. Greg made it very easy in dealing with that. We completed the deal in basically, I think the whole thing took a month. I would tell anyone that in my experience Greg was easy and good to work with. He was very helpful. As good as one can expect. So that would be my recommendation for anyone who asks me for a referral. I would not hesitate to recommend Greg Flaherty for a real estate transaction in the San Diego area, especially the Mission Bay area.”
Archives for May 2017
Is it better to buy or rent a property in San Diego? Like most things in life, it depends on your perspective. Most Realtors will say it’s better to buy because it will get them your business, while most property managers or complex owners would say it’s better to rent. I happen to have my foot in both worlds, so I’d like to think I can give you some clear, unbiased thoughts on the dilemma. Before going any further, there are three questions you need to consider when deciding whether to buy or rent.
1. Do you love the Home and the Location?
2. Do you think you will live in that house for seven years or longer?
3. Do you have the funds? This includes 20% for a down payment, along with cash reserves to handle maintenance and property taxes.
If you can answer yes to all three of these questions, you should definitely buy a home. Over the long term, Trulia says buying is 32% less expensive than renting in San Diego. Here are five more reasons why buying over renting makes sense:
1. It’s a leveraged investment. This can amplify your gains.
2. You’re paying for Housing one way or another. Do you want to pay down your mortgage, or your Landlord’s mortgage?
3. When you make a Mortgage payment, you are paying down the principal balance. Over time, this is like a forced savings account and will provide substantial equity.
4. Substantial tax savings include write-offs for property taxes and mortgage interest payments.
5. Owning real estate is a great hedge against inflation. Inflation helps Owners and hurts Renters.
Buying a home is a leveraged investment.“
As you can see, it’s better to buy in most cases, but there are situations where renting is the right choice. It all depends on your individual situation. If you have any questions for me, don’t hesitate to reach out and give me a call or send me an email. I would love to hear from you soon.