Tips for Handling Fear as a Buyer or a Seller in Today's Market
So, you're on the fence about selling your house.
Right now is the time to get off that fence and into action! Here are two reasons why you should make the leap:
1) There aren't many houses on the market right now in San Diego (2,227 to be exact). That means there's a lot less competition for your home—and more opportunity for you to make a higher offer. And, just for comparison sake, there are usually 10-20,000 houses on the market in San Diego at any given time!
2) Houses are getting multiple offers. That means there are buyers out there who want what you have!
The best time to sell is when there are few buyers and multiple offers. It's a seller's market! If you're thinking of selling your home, or have inherited a house and are thinking of selling it, now is the perfect time to get it on the market.
"The temperature gauge" visual comparing how many houses are for sale vs. how many buyers are looking is a great way to see how the housing market is doing. In this case, not so hot for sellers, but great for buyers!
The market is a funny thing.
If you're a buyer, you might feel like you're competing with every other buyer in your city for the same house—and that's can be true, especially when there are only 2,185 homes on the market in San Diego right now as opposed to the usual 10-20,000.
As a seller, you want to sell your house and move on to the next chapter of your life—but the market is hot, and buyers are outbidding each other for the houses that are coming on the market.
We've got some tips for handling the fear and frustration you might be feeling right now as a buyer or a seller in today's market:
-Start by taking a deep breath—we’ll get through this together!
-Talk to your agent about what's going on and how you're feeling. Remember: they are on your side, and they want what's best for you.
- Don't be afraid to ask questions! As we've seen in other industries, it's more important than ever that you are informed about what's going on in the real estate market, so that you can make smart decisions about your property!
- Keep your eye on the prize. When the market gets tough like this, it can be easy to get discouraged—but remember why you wanted to buy or sell in the first place. If it's not right now, it will be soon enough!
I’m here to help you navigate your frustration! Let’s connect and discuss your real estate needs.
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