San Diego Homeowners – Sell Now Before the Holidays Slow the Market
Mortgage rates have climbed over 7% as we move through 2023. But demand is still red-hot in San Diego County’s real estate market. Home values continue reaching new all-time highs every month, even with increased rates. Bidding wars remain commonplace with extremely motivated buyers. All-cash offers over asking price regularly beat out the competition.
The holiday season is around the corner, making fall an ideal time to list your home before buyer activity slows in winter. Beat the rush by getting ahead of other sellers.
Don’t leave money on the table – now is still the optimal time to sell your home and take advantage of Prop 19 tax savings.
Prop 19, which passed in 2020, allows homeowners over the age of 55, or those with severe disabilities, to transfer the base year value of their primary residence to a new primary residence of any value, anywhere in California. This means that you can sell your current home for a profit and not have to pay any additional property taxes on your new home, as long as it is your primary residence.
Prop 19 also allows homeowners to transfer their base year value to a new primary residence that is more expensive than their current home, but they will have to pay an additional tax on the increased value. Prop 19 does not apply to vacation homes or investment properties. Prop 19 is a complex law, and it is important to speak with a tax advisor to determine if you are eligible for tax savings under Prop 19.
Inventory levels are still at record lows in San Diego County, and buyers remain hungry for the few listings available. This means that you are likely to get a great price for your home, even if you are downsizing or rightsizing. So if you are thinking about selling your home, now is the time to act and take advantage of Prop 19 tax savings
First-time buyer programs like FHA loans and down payment assistance grants are allowing new buyers to stay active in this market, despite rising rates. The pandemic sparked a housing boom across San Diego County, depleting already short supply. Don’t miss out – let’s connect ASAP to discuss how to promote your property and attract strong offers quickly.
The Key is Proper Positioning and Pricing
As seasoned real estate professionals in San Diego County, we know exactly how to position and price your home to draw top dollar in today’s shifting market…
Don’t Let Repairs Delay Your Home Sale: RealVitalize Can Help
If you are concerned about the cost of fixing up your property before selling, you may want to consider the RealVitalize program from Coldwell Banker. RealVitalize is a program that provides home sellers with repairs, updates, and home improvement resources to prep their home for sale, with no upfront out-of-pocket costs or hidden costs or interest fees. Seller pays back only the amount of services utilized at time of closing.
Here are some of the benefits of using RealVitalize:
- You can get the repairs and updates you need without having to come up with the upfront costs.
- You can be sure that the work is done by qualified professionals.
- You can get peace of mind knowing that you are not going to be stuck with any unexpected costs.
If you are thinking about selling your home, I encourage you to learn more about RealVitalize. It could be a great way to maximize your selling price and sell your home faster.
Here is a link for more information about RealVitalize https://homesinsdcounty.com/realvitalize-a-game-changer-for-home-sellers/
Sell Before the Holidays Rush – and Leave the Heavy Lifting to Us!
Historically, fewer buyers look for homes during the winter months and holiday season. Listing your house now means taking advantage of the high buyer demand we’re still seeing in summer and fall. Your home has a better chance of selling quickly before holiday distractions ramp up. We can have you moved into your next home well before Thanksgiving and Christmas arrive.
Don’t Wait Any Longer – Act Now Before the Market Shifts
With mortgage rates rising, market conditions will eventually shift away from sellers controlling the advantage. Inventory will climb as more homeowners list their properties. Don’t wait around for the competition to increase – make your move now!
Get a free estimate on your home’s current value and let’s connect to craft a selling strategy tailored for you. We’ll help you understand your options and maximize your profit, whether you need to sell quickly or have more flexibility.
Don’t wait for the new year – contact us today to get your home on the market and sold before the holidays are here!
Download your free Real Estate Selling and Buying Tips and Resources today and start your journey to real estate success!
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