The housing market has scared off scores of potential buyers and sellers over the past few years; and understandably so. Ghastly headlines about foreclosures, short sales, and job losses in a monstrously bad economy were enough to make even the most seasoned professional turn pale as a ghost.
In my experience though, there are encouraging signs everywhere for real estate, especially here in Orange County.Â For September 2013, sales are up nearly 9%, with a median price increase of over 22% compared to last year according to market analyst Dataquick.1
More good news to ease your jitters:Â Last week Dataquick reported that â€œthe number of California homeowners entering the foreclosure process fell last quarter [Q3 2013] to theÂ second-lowest level in seven and a half years.â€ The improvement is attributed to a combination of stronger job market, price appreciation, and government programs designed to help homeowners avoid defaulting on their loans.2
So now maybe your pulse has slowed, your knees have stopped knocking, but youâ€™re thinking, â€œThe market may be in better shape, but the holidays are nearly here. Who could possibly try to sell a house now?!â€
Don't be afraid!Â People who are house hunting at the end of the year can usually be regarded as serious buyers. After all, itâ€™s not the most convenient time to be looking for a house, so these people often have strong reasons for being in the market, whether they are related to tax issues, job relocation, or another pressing motivator.Â
Another factor to consider: The holiday season is a naturally festive time of year, and if you decorate your home wisely, you can create a magnified appeal to motivated buyers. Plus, inventory of available properties does tend to be lower at year end, which means your home has an even better opportunity of being considered by those serious buyers.
Is this the right time to sellÂ yourÂ home? Â It very well could be! Â Feel free to call me for an expert opinion on Yorba Linda or any other Orange County neighborhoods.Â