The pandemic surely brought a new focus on homeownership as well as renting. San Diego real estate investors need to adjust their strategies according to the times. So read on as we explore what San Diego real estate buyers and sellers can expect in 2023.
Interest Rates
We all know interest rates are ever changing and this directly affects the San Diego real estate market. The change in interest rates are forcing many sellers and buyers to the sidelines. If you’re considering selling and want to do so before interest rates increase, acting as a direct buyer, your hybrid agent investor from Trusted House Buyers can provide a guaranteed closing date, typically in a few days.
Tax Laws
San Diego real estate buyers and sellers can expect new laws to come into play. Among them, there is a renewed focus on capital gains taxes and like-kind exchanges and an additional surtax on net investment income, dependent upon your income and marital status. Trusted House Buyers, make sure to always have the most up to date information on the market. They can assist with selling or buying real estate to help you take advantage of the tax laws before the 2023 changes come into effect.
Housing Costs
While there may be a slowing in sales growth, and some markets may experience a slight drop in housing costs, investors can expect a slow but steady continuation of rising housing costs in many markets. Additionally, some markets may experience absolutely no change in house prices, and very few may see a drop in price. In addition, selling directly to a hybrid agent investor from Trusted House Buyers acting as a direct buyer saves you time and money because sellers never pay any commissions, closing fees or broker fees.
Supply and Demand
San Diego real estate buyers and sellers can expect the overall lack of supply to meet the demands for available housing to continue. If you’re a seller, you should talk to the hybrid real estate agents from Trusted House Buyers. They will help you compare the money you can make by taking their offer to buy your home directly vs. a traditional listing. In addition, hybrid agent investors like those at Trusted House Buyers provide you with line-by-line details to understand your out-of-pocket expenses and any risks your hybrid agent investor would take on by buying your home directly. The hybrid agent investors at Trusted House Buyers understand there are many different circumstances and will provide you with the best possible offer to help you make an informed decision. At Trusted House Buyers, we are your neighbors here in San Diego and want you to feel good about the deal made with us long after closing.
Buyer Pool
Buyers and sellers can expect the changes in the 2023 San Diego real estate market to impact the speed at which homes are selling and the ability of buyers to lock in a loan at the current rates. Sellers may wish to consider the decreasing number of buyers who can afford to buy as housing prices continue to climb and sell now. Furthermore, buyers that are on the sidelines may want to consider getting in the game now before they are pushed out of the housing markets or if interest rates continue to rise. If time is of the essence, the property needs work, or you don’t have any interest in the conventional listing process, working with our hybrid agent investors at Trusted HouseBuyers, will allow you to sell directly, as-is, with an all cash offer.
Technology
Millennials make up most of the San Diego real estate buyers, and sellers can expect an increased focus on the use of technology in 2023. This buyer pool uses the internet to research and narrow their options before making real estate purchases, and sellers must follow suit by using the internet and online technology to their advantage. If you are looking to list your San Diego home on the real estate market, our hybrid agent investors at Trusted House Buyers will act as a real estate agent and use the latest technology.
The hybrid agent investors at Trusted House Buyers know what San Diego real estate buyers and sellers can expect in 2023. So why not talk to a hybrid real estate agent at Trusted House Buyers about your plans for buying or selling and ask any questions you may have? We are happy to hear any concerns and you are under no obligation whatsoever. Our policy at Trusted House Buyers is to keep the lines of communication open so that you won’t feel ignored or like another number to the hybrid real estate agents from Trusted House Buyers and our full-service in-house team of industry specialists. Call Trusted House Buyers at 619-786-0973.
