It's no secret that buying or selling a La Jolla home or Rancho Santa Fe hom has gotten more difficult recently. That's largely because of the struggling economy, which led to the foreclosure crisis and the popping of the housing bubble. There have been a lot of changes that have taken place, too, and one of them deals with the appraisals that are done in La Jolla and Rancho Santa Fe area. In areas like La Jolla and Rancho Santa Fe, the high-end real estate market is not immune to lowered appraisal values that are keeping people from buying (and selling) homes.

In order to have a home financed, it has to appraise for at least the amount the buyer wishes to borrow. In many cases, it must appraise for more, because lenders generally only want to offer 80% of…

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Buying a home in an upscale community  place like Rancho Santa Fe or La Jolla seems like a dream come true, but it's becoming a nightmare for a lot of people. The real estate magazines say it's a buyer’s market, but many of them fail to mention that it's only a good market for a particular kind of buyer. If you want to buy and don't have good credit plus a healthy down payment, it may not be a “buyer's market” for you.

Instead, you may find that you've been shut out of purchasing your dream home in La Jolla or Rancho Santa Fe, right at a time where the prices have come down enough that you could afford to purchase in one of those beautiful areas. Many upscale buyers do not want to wait to see what prices do since they will be living in these homes for the…

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