Welcome to our Winter 2022 Market Update. Watch this video to learn about our "transitional market" and how it can work for buyers, sellers and investors! Below this video be sure to read up on some of the insight to help you with your real estate goals. Plus lots of resources to navigate the market.
While many buyers may be "sitting on the fence" right now, take it from me that from what I've seen in the past when the market slows the opportunity rises for a buyer. Here are a few things to keep in mind that may work in your favor...
Longer Days on Market
More Price Reductions
Lower Median Home Prices
The wise seller will be realistic about the current market conditions and price their house accordingly. Avoiding multiple price reductions is the key to selling your house quicker and for more money! Here are some tried and true seller strategies to sell in this type of market...
Consider a Repaired Approach (i.e. REPAIR your home upfront to attract more buyers)
Offer Buyer Incentives such as closing cost credits or interest rate buy downs
Be open to aggressive pricing strategies!
Get your magnifying glass out because there could be some really killer deals out there that investors always dream about!
Cash Purchase for "as is" sales could be to your advantage
Keep an eye on the notices of default as delinquent mortgages may be increasing
Contact me for intel about "under the radar" properties that may be coming soon!
TOOLS AND RESOURCES:
To help you find a property to fit your budget here’s a link to current listings as well as our mortgage calculator. Got a question? Just text me!
Need to know the value of your home? Order your free market analysis here!
Call or Text (831-234-9823) or email and we can talk about the options that may work best.
Heidi Robinson is a local real estate expert serving the greater Santa Cruz and Silicon Valley markets.