Homebuyer’s! You have more power! Learn what it means in today’s San Diego CA housing market with Realtor Erick Salgado
The tides of the housing market are always on the move. For the longest time, the market has been more favorable to sellers. Tight inventories and crazy low interest are not dancing together anymore. The Buyer of today is dealing with 6% interest rates and has been now for a while. Interest rates seem to have stabilized and the market has come to accept the new normal. Now, the conversation is moving on to the other challenge in real estate. Prices.
Sellers are still aiming high. Too high. The evidence is in the higher frequency of homes for sale lowering their prices during the listing period. It is not unusual to see a home listed, expire, withdraw and then relisted with a price improvement and maybe even a new broker.
Buyers, pay attention.
The signals that sellers are turning a corner with pricing is there but you must be active in the market to drive the message home. The best way is with a good faith offer of what you feel the home is reasonably worth. Sellers are ready to talk.
Sellers, pay attention.
Buyers of residential real estate can see more information about your home today than ever before. The modern buyer is educated. Your real estate agent should be helping you understand the way values are changing and how to tap into home buyer demand with an appropriate pricing strategy.
Thinking of buying or selling real estate. Let’s talk and get your real estate goals accomplished.
Erick Salgado
Palisade Realty
BRE#01999413
www.realtorerick.com
