When buying your Coronado home, there’s a few things that you should know!

Get Your Finances in Order

Before shopping for your new Coronado home, you’ll want to get all your finances in order. Speak with a lender early on in your home search. Many new homebuyers put off this part of the process, but don’t follow their example. A lender can improve your home search by calculating how much home you can afford. If you happen to be on the wrong path to homeownership, a lender can also make recommendations on how to get your finances in shape for purchasing a home.

You may be surprised to find which programs you qualify for, such as the VA loan. This government-insured loan allows homebuyers to purchase with less than the typical 20% down payment. Consult with a lender (or two) to find which option is best for you!

When you work with the Nelson Riddle Team, you’ll have access to our network of professionals. If you need a referral, reach out to us and we will connect you with a trusted vendor.

Find a REALTOR®

The purchase of a Coronado home involves many steps. After touring homes, deciding how much you’d like to pay, submitting offers, and opening escrow, you’ll need to transfer the deed, and begin working on other paperwork. Sound like a lot of work? That’s what the Nelson Riddle Team is here for! We will be your dedicated source not only for all your questions, but also to ensure that important steps throughout the process are not missed.

While buying your Coronado home, you may run into terms and processes you haven’t yet experienced. Throughout your home search and escrow process, open communication with your REALTOR® can help minimize your stress.

Other Costs

You may be surprised to discover that when buying your Coronado home, there are additional fees known as closing costs. These fees are on top of the purchase price of the property, and arise during the completion of a real estate transaction. Closing costs can include items such as appraisal fees, title insurance, and more. Closing costs can be negotiated to determine whether the buyer or seller will pay.

The Nelson Riddle Team

Now that you know a bit more about purchasing a Coronado home, we hope you’ll reach out to us with any other questions you may have. You can reach us at 619-878-5244 or use our contact form.

-The Nelson Riddle Team