Nervous about selling your home here in San Diego, Escondido, San Marcos, Oceanside or other cities in San Diego, because there is limited inventory available and you’re afraid that you won’t be able to find a replacement property. It’s a valid concern.
First, let’s see why now is the perfect time to sell your home!
According to the National Association of Realtors, Home listings flew off the shelves at record pace in 2020, and more homes sold above asking price. Results from C.A.R.’s 2020 Annual Housing Market Survey suggest that home sellers typically pocketed a net gain of $210,000 from their home sale — a 63.8 percent increase from the purchase price.
Not surprisingly, the gain was greater the longer they owned their home. Sellers who lived in their home for less than five years typically earned a 16.5 percent profit from their sale, while those who lived in their house five or more years typically earned a 100 percent profit.
No one can predict what will happen in the housing market in 2021…BUT we can see that homeowners have more equity than ever, and waiting may effect that equity.
There are a lot of solutions to this problem and we’ve helped lots of sellers this past month alone who had the same concern and we helped navigate a solution for them.
We’ve got many solutions and strategies in finding a replacement home even with limited inventory that we can discuss when we meet. One solution is to look at new construction. There are several communities locally and we have excellent relationships with them.
It’s super important to work with an agent when purchasing new construction so that you have protection.
Many times builders with new construction have homes that have fallen out of escrow and they want to sell those homes quickly because of the carrying costs. Another safety net if you’re worried about finding a replacement home is that there are several phases of construction and you could find a home now that you wouldn’t move into until a later date. You could put a deposit on a new home and we could work with the buyer and negotiate terms that keep you safe so you wouldn’t have to worry about having somewhere to go.
There are many more solutions we have getting you the home of your dreams even with limited inventory, so give us a call. And don’t worry, there is never any pressure or obligation in meeting with us. We’re just here to help you navigate the best strategy when selling. If you want to see more videos right now on some of the solutions to selling with limited inventory and how we can navigate through the fear of not being able to find a replacement home, just click the link below. I’m looking forward to hearing from you and making it a great home selling and buying day!!!