What's Stopping You from Downsizing?

Buying a home? Click Here to Perform a Full Home Search 
Selling a home? Click Here for a Free Home Valuation. 
For any other questions about San Diego real estate,  reach out to me anytime at (858) 864-8741

Today, we're going to talk about buyers whose kids have left the home.These buyers are looking to downsize, but our current market makes it difficult for them to do so.

Unfortunately, even though there are more homes on the market than there were earlier this year, people have been dropping out of the market since school started. That means there are fewer buyers and sellers in today's market, so in many price points, we still don't have enough homes for sale for the buyers out there.

One big reason for the low inventory is many sellers don't have their next property purchased. They can't move into their next home, so they are hesitant to sell their current one.

With that said, if you're looking to get into your single-level dream retirement home with a smaller yard, there are two things for you to keep in mind:

1. Don't make any improvements to your existing home if it doesn't raise the price of your home. We can help you determine which improvements will be most beneficial to you. My job is to help you save money and make money on your home sale.
2. Expand your search. Some agents, including myself, have lists of homes that are not on the market yet. These homeowners are open to the right offer, but they don't want to go through the hassle of getting the property on the MLS.

If you have any questions, please do not hesitate to give me a call or send me an email. I would be happy to help you!

What's Happening with the San Diego Real Estate Market?

Buying a home? Click Here to Perform a Full Home Search 
Selling a home? Click Here for a Free Home Valuation. 
For any other questions about San Diego real estate,  reach out to me anytime at (858) 864-8741

Today, we'll discuss the key problem we're seeing in the marketplace: older homeowners who are looking to downsize.

Unfortunately, even though there are more homes on the market than there were earlier in the year, people are dropping out of the market now that school has started. Basically, we still don't have enough homes on the market for the number of buyers that are out there. That's mainly because a lot of people don't want to put their home on the market until they have a property to move into.

If you're looking for your dream retirement home, I have a couple of great tips for you. First of all, don't make too many improvements to your existing home if the improvements will not raise the price. We can help you determine what improvements you might need that will get you a return on investment.

Secondly, expand your search! Some agents have access to homes that aren't on the market yet. There are also people out there who are interested in selling their homes but don't want to go through the hassle of listing it. You want a real estate agent who has access to these great homes.

Remember, the first step in getting a new home is making sure the numbers make sense. Baby boomers need to make sure that the dollars and cents make sense before they start looking for a home. If you have any questions, give me a call or send me an email. I look forward to hearing from you!