From Karen Starr, The Grubb Co
Q: In your view, what is in store for the real estate market this fall?
A: Our fall market already feels as though it’s going to be a full speed ahead climate where buyers and sellers alike will need to be ready. It is normally a busy time for residential real estate sales.
Summer is winding down. Vacations are coming to an end. (Did I hear a wistful sign of sadness?) School will be back in session, freeing up time and energy to focus on making a move before the holiday season arrives. Interest rates remain amazingly low, and according to the tradespeople who follow my industry (painters, stagers, etc…) their “dance cards” are filling up fast with appointments for late August and September. They are super busy helping sellers prepare their homes for sale. I’m feeling a small “tsunami of inventory.”
Want to know what your home is worth now and in the future? Contact the appraisers at www.scappraisals.com for your value questions. We can answer your questions for the San Diego Market.
Buyers, what might your to-do list look like for August? A few suggestions: Make sure your pre-approval letter is updated and that your lender/mortgage broker is standing by to customize that letter for the offer that you will be making. Select the right real estate broker/agent to work with, one who is on the same page with how you like to work, and on top of the market, both the inventory and the temperature (important in a multiple-offer situation). Know the inventory; go to open houses on the weekends to finely tune what you want and don’t. You will be a stronger partner for your agent, and together you will more quickly be able to find the home that is just right for you.
Sellers, get to work putting your house in proper order for your sale. Clean up the yard and do some pre-market planting now so that the plants will look more established when your lovely home makes its debut. Meet with your stager to walk through your house. Together you can determine what painting needs to be done and the extent of cleaning required to optimize the interior spaces for showing.
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