The pandemic brought about a new focus on homeownership and rentals. As a result, San Diego real estate investors need to adjust their investment strategies because there is change on the horizon. So read on as we explore what San Diego real estate buyers and sellers can expect in 2023.
Interest Rates
It is clear that interest rates in 2023 are going to affect many real estate buyers in San Diego, causing would-be buyers to sit on the sidelines and wait. The hybrid investors at Trusted House Buyers are here to help you sell your home before rates increase even more. Trusted House Buyers acts as a direct buyer and can provide a guaranteed closing date, typically in days!.
Tax Laws
New laws are expected to come into play and San Diego real estate buyers need to be aware of them. Among them, there is a renewed focus on capital gains taxes and like-kind exchanges. Also, there is an additional surtax on net investment income, dependent upon your income and marital status. Hybrid agent investors like those at Trusted House Buyers are here to stay up to date on all of the housing market changes so they can better serve the public with selling or buying real estate. It is important to take advantage of the tax laws before the 2023 changes come into effect.
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 are interested in selling your home, the hybrid real estate agents from Trusted House Buyers will help you weigh the differences in the profit you would make by listing your home on the market vs. their offer to buy your home directly. 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 should you list and the expenses and risk your hybrid agent investor would take on by buying your home directly. Many times there are expenses that homeowners are unaware of when listing their home. Our hybrid agent investors at Trusted House Buyers understand that every buyer has a specific circumstance they are dealing with, and we lay out the facts to help that buyer make the best decision for them. At Trusted House Buyers, we are your neighbors here in San Diego and want you to feel you made the right decision working with us.
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. In addition, rates may continue to jump so if you are considering buying now, you should make that leap before the market changes yet again.. If time is of the essence, the property needs work, or you don’t have any interest in the conventional listing process, acting as a direct buyer at Trusted House Buyers, our hybrid agent investors buy houses as-is for cash.
Housing Costs
Even though sales may slow in the housing markets, so markets may have a slight drop in housing costs, investors should expect a slow and steady continuation of rising housing costs in many markets. In contrast, other markets may experience no change in values, and very few will decline. 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.
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. Many people are now using the internet to help them in their housing search before making big purchases. Sellers must also rise to the occasion and start using technology to their advantage. If you should decide to list your home on the San Diego real estate market, acting as a real estate agent, a hybrid agent investor like those at Trusted House Buyers will list your home using the latest technology.
The hybrid agent investors at Trusted House Buyers have an indepth knowledge of what San Diego real estate buyers and sellers can expect in 2023. Now is the time to 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’re happy to help calm your concerns, and you’re 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.
