Friday, November 2, 2018

Thinking About Moving Up, or Down, But Not Quite Sure How It Works?

For the last few years, it's been a bit challenging to move for many people.

Tons moving out of California, so they usually go temporary somewhere for a bit. Figure out exactly where they want to be, then purchase in the new state after they determine the right location.

For many here in our sweet little Santa Clarita Valley, and all of Southern California, with the low inventory we've had for years...compounded with low seller equity....it's been a challenge to move for many.

However.....this is about to be the time!


When inventory is too tight, many prospective buyers don't want to wait for you to find your replacement property. They shy away from that seller contingency. For sellers, they are reluctant to put their home on the market until they had found a house they want to move into. And, for even more sellers.....they really didn't want to take an offer from a buyer that was a seller on another property. Oh, and don't forget a lot of sellers didn't have much equity to financially be able to consider a move!

All of that make sense?

At this time though....inventory is growing. The opportunity to make a smooth transition from your old home to your new home will definitely be getting easier. More for you to look at for sure, which means buyers that love your home know you'll find a replacement property easier.

One caveat? There aren't quite as many buyers out right now, but they'll be back. And, any that are out right now? Those are the ones you want. They are not the lookie-loos if they are house hunting in this chillier season. These are the people that want to buy. We LOVE these buyers.

Questions about how selling and buying at the same time works? Just holler....I'm a wealth of experience & information, happy to share.

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