Where Is the San Diego Market Heading?

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Looking to buy a San Diego home? Click here for full MLS access. 

The first quarter numbers are finally in for the San Diego real estate market, so today I want to take a look at some of the trends we've seen since this time last year! 

Right now, our market is being driven by low inventory. There are only 2-3 months of available inventory right now, which means buyer demand would eat up our existing inventory in only a few months if no homes were to come on the market. A normal market is when we have an inventory of 4-6 months, so we're clearly in a seller's market at the moment. 

The second force that's driving our market is low interest rates, which have increased buyer demand. Buyers are out and looking for homes, but the lack of available homes is really hampering their ability to find one. Because of these conditions, we've seen a 6% increase in median home price since March of 2014. 

If you're a seller, you are in a fantastic position to get top dollar for your home. If you have a great location and your home is priced right, you have a very good chance of receiving multiple offers. As a buyer, while the market is difficult for you right now, there are signs of hope. The Fed has said they aren't going to touch interest rates for a while, and we've seen a substantial amount of inventory added to the market in the past couple weeks. We're still seeing a rapid turnover, but inventory is slowly starting to increase! Hopefully, there will be a lot more options for buyers soon!

If you have any questions about market conditions in your area, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to hear from you! 

The Key to a Successful San Diego Home Sale

Looking to sell your San Diego home? Get a free home value report 
Looking to buy a San Diego home? Click here for full MLS access. 

Today, I'm going to discuss how to get your home ready for the market and how you can boost your home's curb appeal.

Once buyers find homes they're interested in online, they will drive by to see what the home looks like in person. While there is nothing you can do about your neighbors, there are some things you can do to make your home stand out.

1. Landscaping: Your landscaping needs to be in great shape if you want to impress people from the street. This means the lawn needs to be trimmed, you need to have fresh mulch in the flower beds, and you need to ensure there are no dead plants or leaves cluttering up the yard. 
2. Clean and maintain: You want your home to come across as clean and well-maintained. You can power wash the exterior and touch up some of the paint as well. 
3. Paint your front door: This is one of the first things buyers will notice. It's where you can really give a great first impression, so it's important that it looks great.

It can be simple and easy to get your home looking nice - it's just a matter of putting in the necessary time. If you would like more tips on how you can get your home ready for the market, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to hear from you! 

Is There a Secret to Submitting a Winning Offer?

Looking to sell your San Diego home? Get a free home value report 
Looking to buy a San Diego home? click here for full MLS access. 

As the spring real estate market continues to heat up, there is no better time to share some tips on how you can remain competitive in a multiple offer situation. Today, I share five things that will help you get your offer accepted. With inventory as tight as it is, you need to make your offer stand out if you don't want to miss out on the home of your dreams! 

1. Have a strong financial package: Don't wait until you find the perfect home before getting a pre-approval. You need to work with a quality lender, who is willing to go to bat for you and place a call to the listing agent explaining how great you are. You also want to have your proof of funds for your down payment ready. 
2. Present an irresistible offer: You're going to know what you want in terms of close of escrow, purchase prices, etc. - but you really need to take the seller's needs into account. That's where a great agent comes in to play. They will help determine the most feasible course of action for both the buyer and seller.
3. Make it personal: If the seller is receiving many offers, you need to do something to distinguish yourself. If you have the opportunity to meet the sellers or the neighbors, we highly recommend it. We recommend putting together a small bio that explains what it is about the house that you love and why it's the perfect fit for you.
4. Don't have any regrets: You want to get your offer in as quickly as possible and make as strong of an offer as you're comfortable making. If you don't get the property, know that you went as high as you were willing to go for it.
5. Find a great agent: Not only will a great agent advise you on many different details, they will be proactive in reaching out to the listing agent and building that relationship.

As you can see, being prepared is one of the most important things you can do when submitting an offer. If you have any questions about getting yours accepted in a multiple offer situation, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We would love to help you find success in real estate this spring!