If you’re even considering selling your house, now is the time to get it on the market. Here’s why.
If you’re looking to move for any reason, now is the best time to have that conversation. These factors are having the biggest impact on the San Diego market right now:
- Extremely low inventory: The amount of available homes is the second lowest level in the last 15 years here in San Diego. The low point was April of 2013, and as you might remember, home values shot up before they were curbed by an increase in mortgage rates.
- High demand: It’s already high and getting higher thanks to the Federal Reserve increasing the short-term lending rate. We anticipate the mortgage rates will begin to creep up as we get deeper into the selling season as well. Buyer demand is high because people want to lock in a low rate before they go up again.
- Having the right real estate professional to advise you: A great agent will make recommendations on how to prepare your home for sale, how to stage it and market it, and how to negotiate on your behalf, especially in multiple offer situations.
Inventory is at the second lowest level of the last 15 years.
The best time to start getting ready to sell may have actually been a month ago. When most buyers approach us to sell their house, they’re typically about two to four weeks from being ready to sell.
During that time, we’ll share all of our resources and recommendations for minimal investments that will generate the maximum return. It also gives us the leverage to negotiate offers against each other and drive up the price of your home.
If you’re even just thinking about selling your house, give me a call or send me an email and we can have a conversation about your specific situation. I look forward to helping you.