Encouraging News for Real Estate Home Buyers in Southern California
Are you tired of feeling priced out of the Southern California real estate market? Does it seem like homeownership is slipping further and further out of reach? Well, there’s some good news for you — and it might be better than you think! Mortgage rates have dropped significantly, and that $500,000 loan you’re considering could now cost you $650 a month less than it would have just 18 months ago. Yes, you read that right — rates are that much better, especially if you’ve got solid credit.
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Now, with an election looming, it’s no surprise that politicians are going to start focusing on the economy — and that includes housing affordability. High gas prices and mortgage rates that lock people out of homeownership aren’t exactly popular. Funny how things shift, right?
But here’s the catch: When things start to improve, people often hesitate, waiting for even better conditions. That’s when they miss the golden opportunity, and before you know it, the market heats up again with multiple offers on homes. Don’t let that be you!
Right now, inventory is increasing in many Southern California areas. Sure, there’s always competition at the lower end of the price spectrum, but in the mid-range, homes are sitting a little longer. That means you’ve got options — as long as you stay flexible and don’t fall in love with just one specific house, you’ve got room to negotiate. Focus on homes that have been on the market for 30 days or more. Sellers in this situation are getting anxious, and so are their agents. They’re often willing to negotiate on price, closing costs, and maybe even throw in some repairs.
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One key thing to remember: The agent listed on the for-sale sign? They *work* for the seller. Their legal obligation is to get the best possible deal for the seller, not you. That’s why choosing your own agent is just as important as choosing the right home. The difference could be tens of thousands of dollars in savings! Make sure you have someone on your side who’s negotiating for *your* best interests.
The market might feel intimidating, but there is definitely light at the end of the tunnel. With rates dropping and more inventory available, it’s time to reconsider your dream of owning a home. Don’t let fear of missing out or waiting for the “perfect time” hold you back. Opportunities are right in front of you, and with the right agent and strategy, that American Dream of homeownership can absolutely become your reality. So, dust off those home-buying plans and dive back in! It’s time to make your move and finally get that place to call your own in sunny Southern California
GoWpNow and The Warburton Team help hundreds of buyers get home every year. We look forward to representing your best interests as a buyer, and we appreciate the opportunity to be of service.
GoWpNow and The Warburton Team have a dedicated group of licensed concierges standing by to answer questions and help you in your search
Thank you for considering GoWpNow and The Warburton Team as your partner in this exciting journey. We look forward to assisting you in finding the property that suits your needs.
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