Advice needed with home buying

[sdmove]

[quote=jimmyle]I have seen a few properties in PQ that list in the low 400’s. They are generally older homes but still look good. Here is an example:

http://www.sdlookup.com/MLS-100067526-15375_Paseo_Ajanta_San_Diego_CA_92129

Initially I also looked in CV, PQ and MM. However, I quickly found out that I can never buy a home in CV with a maximum budget of $500K. Then, it was between PQ and MM for me. I ended up choosing MM because it is close to my in-laws and we plan to have a kid and my mother in law will be the baby sitter. My wife also likes to be close to her parents. So because of personal reasons I chose the nicer part of MM which is around Calle Cristotal on the NW side of MM. And for the same price, you can get a better home in MM compared to PQ.

PQ schools are excellent. However, like AN has mentioned, MM schools are above average if you judge them by API scores. That said, I still like PQ better than Mira Mesa and I suggest that you look there first.[/quote]

Thanks jimmyle. I think I will have to expand my search to include NW MM since it is close to my work. Per AN, the elementary schools are good so it might be a good place for a starter home.

[jimmyle]

The typical home in NW MM along Calle Cristobal is similar to the listing below. Right now it is in contigency. The listing price is $439k and I think the sale price will be in the range of $420k to $440k. Perhaps you can be patient and look for a smaller home in this area. There are houses in this area that are around 1700 sq ft that can go for $400k. Recently, there was one that closed at $360k. There was another one that close last year at $420k. One drawback of these houses is that many are along Calle Cristobal so road noise is a problem.

http://www.sdlookup.com/MLS-100071449-7446_Sean_Taylor_Ln_San_Diego_CA_92126

Home insurance for a $400k home is usually around $450-$650 annually. PMI is around $180 monthly and if you put 10% down, it will take 7 years until your equity reaches 20% of sale price when PMI will stop.

[jimmyle]

The typical home in NW MM along Calle Cristobal is similar to the listing below. Right now it is in contigency. The listing price is $439k and I think the sale price will be in the range of $420k to $440k. Perhaps you can be patient and look for a smaller home in this area. There are houses in this area that are around 1700 sq ft that can go for $400k. Recently, there was one that closed at $360k. There was another one that close last year at $420k. One drawback of these houses is that many are along Calle Cristobal so road noise is a problem.

http://www.sdlookup.com/MLS-100071449-7446_Sean_Taylor_Ln_San_Diego_CA_92126

Home insurance for a $400k home is usually around $450-$650 annually. PMI is around $180 monthly and if you put 10% down, it will take 7 years until your equity reaches 20% of sale price when PMI will stop.

[jimmyle]

The typical home in NW MM along Calle Cristobal is similar to the listing below. Right now it is in contigency. The listing price is $439k and I think the sale price will be in the range of $420k to $440k. Perhaps you can be patient and look for a smaller home in this area. There are houses in this area that are around 1700 sq ft that can go for $400k. Recently, there was one that closed at $360k. There was another one that close last year at $420k. One drawback of these houses is that many are along Calle Cristobal so road noise is a problem.

http://www.sdlookup.com/MLS-100071449-7446_Sean_Taylor_Ln_San_Diego_CA_92126

Home insurance for a $400k home is usually around $450-$650 annually. PMI is around $180 monthly and if you put 10% down, it will take 7 years until your equity reaches 20% of sale price when PMI will stop.

[jimmyle]

The typical home in NW MM along Calle Cristobal is similar to the listing below. Right now it is in contigency. The listing price is $439k and I think the sale price will be in the range of $420k to $440k. Perhaps you can be patient and look for a smaller home in this area. There are houses in this area that are around 1700 sq ft that can go for $400k. Recently, there was one that closed at $360k. There was another one that close last year at $420k. One drawback of these houses is that many are along Calle Cristobal so road noise is a problem.

http://www.sdlookup.com/MLS-100071449-7446_Sean_Taylor_Ln_San_Diego_CA_92126

Home insurance for a $400k home is usually around $450-$650 annually. PMI is around $180 monthly and if you put 10% down, it will take 7 years until your equity reaches 20% of sale price when PMI will stop.

[jimmyle]

The typical home in NW MM along Calle Cristobal is similar to the listing below. Right now it is in contigency. The listing price is $439k and I think the sale price will be in the range of $420k to $440k. Perhaps you can be patient and look for a smaller home in this area. There are houses in this area that are around 1700 sq ft that can go for $400k. Recently, there was one that closed at $360k. There was another one that close last year at $420k. One drawback of these houses is that many are along Calle Cristobal so road noise is a problem.

http://www.sdlookup.com/MLS-100071449-7446_Sean_Taylor_Ln_San_Diego_CA_92126

Home insurance for a $400k home is usually around $450-$650 annually. PMI is around $180 monthly and if you put 10% down, it will take 7 years until your equity reaches 20% of sale price when PMI will stop.

[bearishgurl]

[quote=sdmove] . . . I’m looking 2+/2+ condos and homes and the reason I chose UC, CV, PQ and SR were for the schools. I currently live and work in UC. . .
Thank you.[/quote]

sdmove, if you live and work in UC and your budget is only $400K, why don’t you stay there? Can’t you get a 2/2 condo or older 3/2 townhome in UC for =<$400K? Doyle Elementary is a good school. Why commute at all? IMO, commuting doesn't really make sense unless you want to try to find an SFR in your price range. After you have kid(s), your life will be hard enough without adding 1+ hrs daily road time into the mix.

[bearishgurl]

[quote=sdmove] . . . I’m looking 2+/2+ condos and homes and the reason I chose UC, CV, PQ and SR were for the schools. I currently live and work in UC. . .
Thank you.[/quote]

sdmove, if you live and work in UC and your budget is only $400K, why don’t you stay there? Can’t you get a 2/2 condo or older 3/2 townhome in UC for =<$400K? Doyle Elementary is a good school. Why commute at all? IMO, commuting doesn't really make sense unless you want to try to find an SFR in your price range. After you have kid(s), your life will be hard enough without adding 1+ hrs daily road time into the mix.

[bearishgurl]

[quote=sdmove] . . . I’m looking 2+/2+ condos and homes and the reason I chose UC, CV, PQ and SR were for the schools. I currently live and work in UC. . .
Thank you.[/quote]

sdmove, if you live and work in UC and your budget is only $400K, why don’t you stay there? Can’t you get a 2/2 condo or older 3/2 townhome in UC for =<$400K? Doyle Elementary is a good school. Why commute at all? IMO, commuting doesn't really make sense unless you want to try to find an SFR in your price range. After you have kid(s), your life will be hard enough without adding 1+ hrs daily road time into the mix.

[bearishgurl]

[quote=sdmove] . . . I’m looking 2+/2+ condos and homes and the reason I chose UC, CV, PQ and SR were for the schools. I currently live and work in UC. . .
Thank you.[/quote]

sdmove, if you live and work in UC and your budget is only $400K, why don’t you stay there? Can’t you get a 2/2 condo or older 3/2 townhome in UC for =<$400K? Doyle Elementary is a good school. Why commute at all? IMO, commuting doesn't really make sense unless you want to try to find an SFR in your price range. After you have kid(s), your life will be hard enough without adding 1+ hrs daily road time into the mix.

[bearishgurl]

[quote=sdmove] . . . I’m looking 2+/2+ condos and homes and the reason I chose UC, CV, PQ and SR were for the schools. I currently live and work in UC. . .
Thank you.[/quote]

sdmove, if you live and work in UC and your budget is only $400K, why don’t you stay there? Can’t you get a 2/2 condo or older 3/2 townhome in UC for =<$400K? Doyle Elementary is a good school. Why commute at all? IMO, commuting doesn't really make sense unless you want to try to find an SFR in your price range. After you have kid(s), your life will be hard enough without adding 1+ hrs daily road time into the mix.

[sdmove]

[quote=bearishgurl][quote=sdmove] . . . I’m looking 2+/2+ condos and homes and the reason I chose UC, CV, PQ and SR were for the schools. I currently live and work in UC. . .
Thank you.[/quote]

sdmove, if you live and work in UC and your budget is only $400K, why don’t you stay there? Can’t you get a 2/2 condo or older 3/2 townhome in UC for =<$400K? Doyle Elementary is a good school. Why commute at all? IMO, commuting doesn't really make sense unless you want to try to find an SFR in your price range. After you have kid(s), your life will be hard enough without adding 1+ hrs daily road time into the mix.[/quote] Hello Bearishgurl, I am hoping that sometime this year I can find a SFR for $400k. However, we are considering condos and townhomes in UC as well. I just feel like a SFR might provide us with more space. I have a 3.5 yr old and 1.5 year old atm. Seconly, It appears that the Poway USD school system is a little better than what we have here in UC. One possibility is trying to go to Curie/Spreckles and move when they boys are older. So many considerations to home buying! What am I getting myself into.

[sdmove]

[quote=bearishgurl][quote=sdmove] . . . I’m looking 2+/2+ condos and homes and the reason I chose UC, CV, PQ and SR were for the schools. I currently live and work in UC. . .
Thank you.[/quote]

sdmove, if you live and work in UC and your budget is only $400K, why don’t you stay there? Can’t you get a 2/2 condo or older 3/2 townhome in UC for =<$400K? Doyle Elementary is a good school. Why commute at all? IMO, commuting doesn't really make sense unless you want to try to find an SFR in your price range. After you have kid(s), your life will be hard enough without adding 1+ hrs daily road time into the mix.[/quote] Hello Bearishgurl, I am hoping that sometime this year I can find a SFR for $400k. However, we are considering condos and townhomes in UC as well. I just feel like a SFR might provide us with more space. I have a 3.5 yr old and 1.5 year old atm. Seconly, It appears that the Poway USD school system is a little better than what we have here in UC. One possibility is trying to go to Curie/Spreckles and move when they boys are older. So many considerations to home buying! What am I getting myself into.

[sdmove]

[quote=bearishgurl][quote=sdmove] . . . I’m looking 2+/2+ condos and homes and the reason I chose UC, CV, PQ and SR were for the schools. I currently live and work in UC. . .
Thank you.[/quote]

sdmove, if you live and work in UC and your budget is only $400K, why don’t you stay there? Can’t you get a 2/2 condo or older 3/2 townhome in UC for =<$400K? Doyle Elementary is a good school. Why commute at all? IMO, commuting doesn't really make sense unless you want to try to find an SFR in your price range. After you have kid(s), your life will be hard enough without adding 1+ hrs daily road time into the mix.[/quote] Hello Bearishgurl, I am hoping that sometime this year I can find a SFR for $400k. However, we are considering condos and townhomes in UC as well. I just feel like a SFR might provide us with more space. I have a 3.5 yr old and 1.5 year old atm. Seconly, It appears that the Poway USD school system is a little better than what we have here in UC. One possibility is trying to go to Curie/Spreckles and move when they boys are older. So many considerations to home buying! What am I getting myself into.

[sdmove]

[quote=bearishgurl][quote=sdmove] . . . I’m looking 2+/2+ condos and homes and the reason I chose UC, CV, PQ and SR were for the schools. I currently live and work in UC. . .
Thank you.[/quote]

sdmove, if you live and work in UC and your budget is only $400K, why don’t you stay there? Can’t you get a 2/2 condo or older 3/2 townhome in UC for =<$400K? Doyle Elementary is a good school. Why commute at all? IMO, commuting doesn't really make sense unless you want to try to find an SFR in your price range. After you have kid(s), your life will be hard enough without adding 1+ hrs daily road time into the mix.[/quote] Hello Bearishgurl, I am hoping that sometime this year I can find a SFR for $400k. However, we are considering condos and townhomes in UC as well. I just feel like a SFR might provide us with more space. I have a 3.5 yr old and 1.5 year old atm. Seconly, It appears that the Poway USD school system is a little better than what we have here in UC. One possibility is trying to go to Curie/Spreckles and move when they boys are older. So many considerations to home buying! What am I getting myself into.

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