Selling a home is a tedious task that requires patience as you navigate among customers, negotiations, agents, and a lot more. It’s wise to do your homework before, so you can move in the right direction without wasting your time. We have made a list of what you can expect when selling your home in San Diego so you can get the right offer with ease.
San Diego County offers some of the nicest weather in the world, with more sunshine than other American cities. San Diego is attractive to live in because of its beaches, craft beers, good food, friendly people, and a never-ending list of things to do. If you have a house to sell and want to get the maximum money for it, sell the location along with the house.
1- Are You In A Seller’s Market?
Before you buy or sell a house, it’s wise to know whether the market is favourable to buyers or sellers. In your case, you need to make sure that the market benefits you in terms of high returns. It can only happen when there are more buyers looking for houses than there are houses available on the market. The lack of inventory and availability is a major factor in rising housing prices.
2- Assess The Real Estate Market When Selling Your Home In San Diego
After last year, 2022 remains to be a hot seller’s market in most parts of the US. Similarly, San Diego has also recorded high demand and low inventory, which in turn makes the city a hot seller’s market. In April, the median price of a single-family house in San Diego County surpassed $1 million, a significant milestone in the region’s already hot real estate market. According to the San Diego Association of Realtors, this is a roughly 20% increase over the same period last year. Hence, if you plan on selling your home in San Diego, get ready to earn some good bucks!
i- Best Time For Selling Your Home In San Diego
According to the Times of San Diego, the best time to sell your home is between the spring and summer months, with April being the hot selling month. Homes marketed for sale between April 1 and 15 in San Diego sold 13 days faster and at a 1.3 percent premium. The best day to list was determined to be Saturday. Generally, sellers refrain from selling in the fall and winter seasons as they are the slowest months for sales.
3- It’s Better To Work With A Realtor
You can sell the house yourself, aka the FSBO method, but you’ll be responsible for staging, listing, negotiating, preparing paperwork, and closing. It will cost you time and energy. Whereas, Realtors have the knowledge and connections that come helpful when selling a home. They may host open houses and advise you on what improvements you should make to increase the value of your home.
4- Preparing Your House: Seller Disclosures
When selling your home in San Diego, the buyer will require a seller disclosure form to know about the physical condition of the home with respect to repairs and damages present. Before the closing deal, you’ll have to deliver the Seller Disclosure Statement to the buyer upon mutual acceptance within 5 business days.
The seller disclosure form should include known material defects or any repairs that have been made in the past. If you omit or hide any information from the buyer, they can end up terminating the deal with you. So, it’s wise to mention any known defects.
Selling Your Home In San Diego With Regentology
Take the first step towards selling your home today by contacting Regentology. Our network of trained and experienced professionals can help you sell your San Diego house swiftly. Allow us to pair you with the most knowledgeable agent in the region. Fill out our short form and we’ll put you in touch with a certified real estate agent for a free-of-cost consultation.