If you’re a seller you are in a very good position to sell your house and buy your next house in today’s market. Let me explain to you why. The market specifically here in Carmel Valley 92130 it has cooled down a little bit in a good way. We’re going back to a pre-pandemic market which is a more stable market. We are seeing more homes on the market, we are seeing less offers on the houses. The buyers are not going crazy way above asking price, there’s going to be more contingencies on the offers, so it is going to be a better buying experience.
For you as a seller, you’re able to sell your house for a very high price because you’ve gained so much appreciation in the last two years. At the same time, you’re going to have a great buying experience. Once you find your house, your next house, you’re able to most likely get it by making an offer and negotiating great terms. Where a couple of months ago you were competing with so many buyers that you didn’t even know if you could get your next house. That puts you in a very good position. Your interest rate is going to be higher than a couple of months ago but it’s not bad because you are going to be able to refinance later. A lot of the professionals I’ve been talking to in the mortgage industry are predicting the mortgage rate is going to drop. I think if the interest rates drop we’re going to go back to the crazy market we were in a couple months ago. The housing market is tied directly to supply and demand so even if the economy is going toward recession that does not mean housing prices are going to come down. Home values typically go up. 2008 was an exception, and the other time that we had a crash was 1920, so you should not wait for that. If you are waiting, if you’re ready to make a move, whether you are selling your house or buying your next house you should definitely take advantage right now. You can call me and I can explain this to you further. You can call me at 858-345-0685 or you can just send me a message here.
Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379