While some basics about real estate will never change, the industry is constantly modified to keep in step with economic changes, updates to industry standards, technological advances and shifts in real estate trends. In addition, another important item to note is that lawmakers are consistently updating tax codes that directly affect real estate transactions. Keeping your eyes on the horizon of these industry changes can help you make important decisions about buying and selling San Diego real estate. So read on as we explore five ways the San Diego real estate industry is changing in 2023.
Tools
Online tools are one of the most impactful ways that the San Diego real estate industry will be changing in 2023. Buyers take advantage of technology and search through properties quickly, easily comparing and narrowing down their options. Likewise, sellers can reach buyers from around the world, who can take virtual tours and complete the transaction remotely. Although the convenience of online tools is extremely streamlined and helpful, actually most sellers still prefer to list and work with a professional agent. They want someone that can help with negotiating, the piles of paperwork, and tricky conflicts that can arise during the transaction process. Experts like the hybrid real estate agents from Trusted House Buyers are seasoned negotiators you can rely on to represent your interests and bring you the best offer for your property.
Mindset
Another way the San Diego real estate industry is changing in 2023 is the intensity of would-be renters who have started to switch gears; their pursuit of homeownership is declining because concern over the pandemic is beginning to wane. So if you’re considering selling, now may be the time to put your home on the market. Are you considering selling on your own as an FSBO to save the real estate commissions for yourself? Only about 8 percent of homes recently sold were FSBO listings. Working with a hybrid real estate agent like those at Trusted House Buyers acting as a direct buyer means you can keep your money in your pocket. At Trusted House Buyers, our direct buyers buy homes as-is for cash, and you won’t pay any commissions, brokers fees or closing costs.
Tax Laws
Some of the ways that the San Diego real estate industry is changing in 2023 are tax laws that may affect capital gains and like-kind exchanges. Hybrid agent investors like those at Trusted House Buyers are highly educated real estate agents and successful property investors in the San Diego real estate market. Rest assured that the hybrid agent investors at Trusted House Buyers, not only stay on top of the trends that can affect your real estate transaction, but they approach each transaction with honesty and integrity.
Interest Rates
Another way that the San Diego real estate industry is changing in 2023 are the continual increases in interest rates that may cause a decline in home sales. In addition, many buyers who can afford a loan under the current rates will push them out of the market in the near future. As a result, sellers may want to take the opportunity to sell their house in San Diego while buyers can still qualify for loans under the current rates. If your home is ready-to-move-in, working with a hybrid real estate agent like those at Trusted House Buyers acting as a real estate agent to list your property may best serve you. However, if you have a home that is not ready to list on the market and may have various repairs that need to be remedied, selling your home on the traditional market is probably not the best route to go. Your hybrid agent investor from Trusted House Buyers acting as a direct buyer may be your best option.
Trusted House Buyers
San Diego real estate industry is changing in 2023, and with the emergence of hybrid real estate agents offering a one-stop solution to meet the needs of any seller, it may be a good time to get your home off of your hands. If you are under a time crunch, acting as a direct buyer, your hybrid agent investor from Trusted House Buyers can provide you with a guaranteed closing date, often within a matter of days. If the frustrations of getting your house ready for market, dealing with the many showings, and repairing issues with your home are just too much to handle, your hybrid agent investor from Trusted House Buyers is the answer you seek. Because we want you to feel good about working with Trusted House Buyers long after closing, our hybrid agent investors will provide you with the details of your profits from listing vs. our offer to buy your home directly, which we want you to agree is fair. At Trusted House Buyers, we take great pride in our work and believe it shows in how we communicate with our sellers and offer solutions to get you over any hurdles standing in the way of the sale. Ready to learn more with no obligation? Call Trusted House Buyers at 619-786-0973.
