Don’t Wait Until Spring to Sell Your Home!

This time of year, I am always asked by sellers if they should list their home in the fall or wait until spring time. What I can tell you is that serious buyers have fewer homes to choose from during the holidays and less competition means more money for you as a result of unmotivated sellers who remove their home from the market. Secondly, since the amount of listings dramatically increase in January-March, there will be less demand for your particular home because there are more homes on the market. Thirdly, people typically trying to close on a house before the end of the year for tax purposes.

Also this time of the year, people don’t want to be bothered during the Christmas week and New Year’s. We can restrict showings during those weeks to allow time to spend with your family, which is very important in my home. Traditionally during the holiday season, employers are moving their employees around for job transfers and when the first of the year comes around, these people need homes. If your home is on the market, chances are these people will see your house. You also have the opportunity to become a non-contingent buyer when spring comes around, allowing you to find the perfect home without having to worry about selling yours.

If you’re thinking about selling your home, check out our free home value report on my video blog. Feel free to call or email at any time, I’m always here for you! Until next time, make it a great day.

Exclusive Third Quarter Market Report

Hello and welcome to my video blog! This is Richard Elias with Century 21 Award. I’ll be creating short, educational videos twice a month just for you to give you insights into buying or selling your home. Today, I wanted to take a quick look at the San Diego real estate market.

We’ve seen a change in the San Diego real estate market going into the fourth quarter from earlier in the year. The first and second quarter saw a market that was in favor of buyers. Properties were generating multiple offers and over-bids while inventory was low, dipping below 3,000 homes. We also saw many people removing their appraisal contingencies to remain competitive. In the last few months, we have seen a stabilization of the market. We now have over 7,000 homes on the market in the San Diego area. Though interest rates have risen and inventory has increased, it is still a great time to buy a home, especially in contrast to renting. Owning is still 35% cheaper than renting!

If you have any additional questions about the state of the current San Diego market, or if you or someone you know is looking to buy or sell your home, give me a call at (619) 562-6800 or you can email me at Richard@RichardElias.com. Thanks and I look forward to speaking with you!