Is the holiday season the best time for buying or selling homes in San Diego?
The holiday season can be an incredibly busy, fun and confusing time in the real estate market. The big question most homeowners, buyers and real estate investors have is whether this is the best time to buy or sell homes.
The answer, however, depends on where in the country you own a home or are interested in investing. In colder, snowed in markets in the north, most would argue that this is definitely buyers’ market. There is no question that curb appeal, traffic and remodeling work can make it a little more challenging for investors and sellers in those markets. But what about in warmer climates like San Diego, California?
Why This is Such a Great Time for Buying a Home in San Diego, CA
Buyers typically benefit in this season. This may be attributed to distractions of the holidays taking more competition out of the market, the ability to get home loans approved faster, and increased motivation among property sellers. As many sellers sweat a seasonal slowdown or dip in buyer activity, home prices can soften. Owners and their San Diego Realtors become far more agreeable to negotiating deals and agreeing to faster closings. This can mean better discounts for San Diego County home buyers in some cases, as well as getting the terms they really care about.
According to the latest data, there are more foreclosures becoming available in San Diego County. These distressed properties can provide home buyers with more to choose from.
The time to strike is now, just make sure you do it quickly before the fog of holiday cheer and urgency wears off. However, being the unique market that it is, some San Diego County property owners interested in selling their houses may find this a great time to list too.
The Advantages of Selling a Home in San Diego Now
Enjoying warmer weather than most, San Diego’s winter can offer a great time for sellers to hit the market. Thanks to rising home values having lifted so many out of negative equity situations and allowing them to walk away with cash in their pockets, more are inclined to sell. San Diego has also been enjoying a better than normal market since the end of the summer peak season. Persistent activity shows that there is still strong demand and an appetite to buy local homes.
This is the time of year when Southern California gets flooded with seasonal residents and visitors. Many of them are looking for full time residences, second homes, vacation properties and investments.
