Helping first-time buyers is one of the most rewarding parts of my work. There’s nothing quite like handing someone the keys to their first home. But over the years, I’ve also watched good buyers miss great opportunities — not because of the market, but because of a few common misunderstandings that nobody took the time to explain.
So consider this my version of that conversation.
1. Waiting for prices to drop is usually the most expensive decision you can make.
I hear this often: “We’re going to wait and see if prices come down.” I understand the instinct. But in San Diego — particularly along the coast — inventory has historically been constrained and demand has remained strong. Every year a buyer waits, they’re typically paying more in rent, missing equity growth, and often facing a higher purchase price anyway. Timing the market perfectly is nearly impossible. Buying when you’re financially ready and in a home that fits your life is almost always the better strategy.
2. Pre-approval isn’t just a formality — it’s your foundation.
In a competitive market, sellers take pre-approved buyers seriously. More importantly, getting pre-approved early gives you clarity. You’ll know exactly what you can afford, what your monthly payment looks like, and whether there are any issues to address before you fall in love with a property. I always recommend this as step one, before you’ve looked at a single listing.
3. The down payment is just the beginning.
Most first-time buyers focus on saving for the down payment — which makes sense. But closing costs, property taxes, HOA fees, home insurance, and immediate maintenance needs can add up quickly. In San Diego, closing costs alone typically run between 2–3% of the purchase price. Going in with eyes open about the full picture means no surprises at the finish line.
4. The neighborhood matters as much as the house.
San Diego is a collection of very distinct communities, and the lifestyle differences between them are significant. Carlsbad feels different from North Park. La Jolla feels different from Chula Vista. Before you fall in love with a floor plan online, spend time in the neighborhoods you’re considering — on a weekday, on a weekend, at different times of day. A beautiful home in the wrong location for your lifestyle is a compromise you’ll feel every day.
5. The right agent changes everything.
I say this not to sell myself, but because I’ve seen the difference firsthand. A good buyer’s agent isn’t just opening doors — they’re negotiating on your behalf, flagging red flags in disclosures, connecting you with trusted lenders and inspectors, and advocating for your interests at every step. In a market like San Diego, that guidance is genuinely valuable. Ask questions, trust your gut, and work with someone who makes you feel informed — not pressured.
Buying your first home is one of the most significant decisions you’ll ever make. It should feel exciting, not overwhelming. If you have questions about where to start, I’m always happy to talk — no pressure, no obligation.
Gail Squires | Compass | DRE# 01893270
gailsquiresassociates.com | 619-972-1510
So consider this my version of that conversation.
1. Waiting for prices to drop is usually the most expensive decision you can make.
I hear this often: “We’re going to wait and see if prices come down.” I understand the instinct. But in San Diego — particularly along the coast — inventory has historically been constrained and demand has remained strong. Every year a buyer waits, they’re typically paying more in rent, missing equity growth, and often facing a higher purchase price anyway. Timing the market perfectly is nearly impossible. Buying when you’re financially ready and in a home that fits your life is almost always the better strategy.
2. Pre-approval isn’t just a formality — it’s your foundation.
In a competitive market, sellers take pre-approved buyers seriously. More importantly, getting pre-approved early gives you clarity. You’ll know exactly what you can afford, what your monthly payment looks like, and whether there are any issues to address before you fall in love with a property. I always recommend this as step one, before you’ve looked at a single listing.
3. The down payment is just the beginning.
Most first-time buyers focus on saving for the down payment — which makes sense. But closing costs, property taxes, HOA fees, home insurance, and immediate maintenance needs can add up quickly. In San Diego, closing costs alone typically run between 2–3% of the purchase price. Going in with eyes open about the full picture means no surprises at the finish line.
4. The neighborhood matters as much as the house.
San Diego is a collection of very distinct communities, and the lifestyle differences between them are significant. Carlsbad feels different from North Park. La Jolla feels different from Chula Vista. Before you fall in love with a floor plan online, spend time in the neighborhoods you’re considering — on a weekday, on a weekend, at different times of day. A beautiful home in the wrong location for your lifestyle is a compromise you’ll feel every day.
5. The right agent changes everything.
I say this not to sell myself, but because I’ve seen the difference firsthand. A good buyer’s agent isn’t just opening doors — they’re negotiating on your behalf, flagging red flags in disclosures, connecting you with trusted lenders and inspectors, and advocating for your interests at every step. In a market like San Diego, that guidance is genuinely valuable. Ask questions, trust your gut, and work with someone who makes you feel informed — not pressured.
Buying your first home is one of the most significant decisions you’ll ever make. It should feel exciting, not overwhelming. If you have questions about where to start, I’m always happy to talk — no pressure, no obligation.
Gail Squires | Compass | DRE# 01893270
gailsquiresassociates.com | 619-972-1510
Gail Squires
DRE# 01893270
18260 El Camino Real, Suite 100
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1-619-972-1510
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