San Diego Spring
Home Selling Trends
This Spring is going to be a very important time for many home sellers. Experience shows each new home selling market is full of trends, sentiments, and facts which provide both threats and opportunities for a home seller. In the few moments it will take to read this note, you will get a better understanding of exactly what it will take to protect your home’s value in this new world.
The Trend: There are fewer homes for sale than in recent years.
The Sentiment: Buyers remain hopeful. Although buyers are seeing fewer competing homes, they remain optimistic and back up that optimism with strong offers.
The Facts: The Tax Cuts and Jobs Act is now a law. While it’s unclear how this major overhauling of the tax code will affect our long-term real estate market, there are several changes that do not favor home sellers. The new tax reform bill may eventually impact your market.
There are opportunities for sellers who are ready to move. There has been no change in the rules surrounding capital gains for home sales, which is a major victory for home sellers. Buyers are expected to remain optimistic and eager to take advantage of low mortgage rates. Fewer homes on the market makes it easier to sell your home for the price you want.
It is important you know, I am here to Guide, Lead and Protect the people you care about who want clear and actionable options to find the opportunity in any market.