Why Now is a Great Time to Sell San Diego Probate Real Estate
The San Diego real estate market is bouncing back partially due to lack of housing inventory and because homebuyers are ready to buy. What that means to you as a San Diego Executor, Administrator or Trustee is that when the probate house or house in a trust is prepared, priced properly, offers from buyers to purchase the estate house will quickly follow.
Low Inventory, High Demand
A “normal” supply of homes for sale is six to seven months. In December 2012 the index was at 2.6 months. The available supply of single-family detached homes for purchase in December 2013 was 3 months; this was a drop in available homes from 3.6 months in November 2013.
Increased Home Prices
According to the California Association of Realtors, home prices reversed a three-month decline and climbed in December. The statewide median price of an existing, single-family detached home rose 3.7% from November’s median price of $422,210 to $438,040 in December. For the detailed report, visit: http://www.car.org/newsstand/newsreleases/2014releases/dec2013sales
Low Interest Rates
The average commitment rate for a 30-year, conventional, fixed-rate mortgage is still at a historic low at around 4.5%. These great rates will motivate buyers to hit the market.
More Qualified Buyers
More people with better financial standing means more qualified loans and more houses being taken off the market.
The Next Best Step
Call me at 619-741-0111; I’m Kim Ward, your San Diego Real Estate Consultant. I specialize in helping prepare, market and sell houses that are in probate or a trust. I’m here to discuss your exact circumstances.